The PLUS Loan Application

PLUS loans offer parents an incredible opportunity to fund their children's education- a dream that many parents do not think is possible. However, because of the favorable conditions and terms of PLUS loans, this dream is achievable by many parents. If you would like to help your child pay for the cost of their undergraduate education, a PLUS loan is exactly what you need.

PLUS loans are backed by the federal government and managed through the United States Department of Education. This means that you can be assured of a safe transaction with fair terms and benefits that simply can't be found elsewhere. PLUS loans feature a fixed interest rate and some of the same benefits that are offered on student loans, such as deferments and forbearances during times of hardship. More specifically, PLUS loans offer the following terms:

*Available to pay for the education of students who are enrolled at least half-time.
*Loan responsibility is solely that of the parents, NOT the student.
*A great rate- 7.9% fixed.
*Can be consolidated into federal consolidation loans with very favorable terms.
*Payments begin 60 days after the PLUS loan is disbursed, or 6 months after the student graduates or drops below half-time status.

The most important feature of the PLUS loan is that it can be written for any amount. Most other loans have set amounts that can be obtained each year, but PLUS loans are not restricted in this way. PLUS loans can be written to pay for a child's entire education expenses- tuition, laboratory fees, books, rent, transportation, insurance, and so on.

With all of these incredible features, it's easy to see that a PLUS loan is a parent's best option for giving their children the most important gift of all- an education.

To find out if you are eligible for a PLUS loan and to see what terms and benefits you can get, simply click below to get started: it only takes a few minutes and there is no obligation. Get started today by filling out the form below.