Federal PLUS loans - for parents of undergraduate students
The Federal Parent Loan for Undergraduate Students (PLUS) is specifically designed to help parents finance their child's undergraduate education. Since July 1, 2006, graduate students are also eligible for borrowing PLUS loans.

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.

Borrower Benefits:

• Click here to view AAA Student Lending's borrower benefits.

Loan Features

• Interest Only Option for first two years
• Deferred payments until graduation for graduate students

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