Federal PLUS loans - for parents of undergraduate students and for graduate/professional students
The Federal PLUS Loan was specifically designed to help parents finance their child's undergraduate education. Graduate students are also eligible to borrow under the PLUS loan program. With the PLUS loan, you can borrow up to the cost of attendance minus any other financial aid received.

Benefits of the AAA Student Lending PLUS Loan

• Competitive fixed interest rate
• 0.25% interest rate reduction for automatic electronic payments (ACH)
• Quick and easy online loan processing with instant pre-approval
• No pre-payment penalties
• Standard, extended, graduated, and payment plans based on income available
• Dedicated customer service line - Speak directly with an experienced student loan counselor. No confusing auto-attendants mean you won’t waste your time.
• Option to defer your payments – You can choose to defer your payments until up to 6 months after the student leaves school or drops below half time status.
• Auto-deferment for graduate students.
• Interest you pay on a Federal PLUS Loan may be tax deductible.

Interest Rate

• The interest rate is fixed at 8.5%.

Fees:

• There is a 3% origination fee charged by the federal government. Up to a 1% federal default fee may also charged by the guarantor.

Repayment

Repayment begins within 60 days after the loan is fully disbursed. The repayment term is up to 10 years (extended repayment up to 25 years available for borrowers with balances greater than $30,000).

• Graduate students can make no payments while in school. Interest accrues during this period.
• Parents can choose to delay payments until 6 months after the student leaves school or drops below half-time status.

How to Apply:

APPLY ONLINE

Call 1-866-268-9419