a federal loan that is available to parents of undergraduate students who are attending school

a federally guaranteed loan made to parents and legal guardians of dependent

a federally insured loan a parent receives for a dependent undergraduate student

a federal non-need based Parent Loan for undergraduate students borrowed to cover all, or a portion of, the expected family contribution

a loan in which parents may borrow money to assist in paying for college

a loan taken by the parent of a dependent student

a loan taken out by and in the parent's (or stepparent's) name on behalf of the student

a loan that a parent can take out for their dependent student to go to school

a loan that your parents can apply for through the federal government

a loan to the parent(s) of a student

a loan where the parents of a dependent undergraduate student can borrow funds to go towards the student's educational expenses

a low-interest education loan that allows parents to fund the entire cost of the student's education less any financial aid already awarded

a low interest federal loan that allows a parent to borrow on behalf of their dependent child

a low-interest federally funded loan for credit-worthy parents of undergraduate, dependent students as well as for graduate and professional students

an option a parent may choose to apply for and borrow

a Parent Loan for Undergraduate Students, for which a parent or legal guardian may borrow on behalf of each undergraduate dependent student who is enrolled at least half-time at an institution of higher education

PLUS Loans are available to parents of dependent graduate students and to students enrolled in graduate and professional programs. PLUS loans are unsubsidized loans that accrue interest from the date of disbursement.

A loan in which a student's parents borrow for their dependent student. The interest rate is variable and begins immediately. Proceeds are disbursed to the students account in halves each semester. Payments start 60 days after the second semester disbursement. There is a small loan fee withheld from the amount borrowed.

A non-need-based loan made to the parent for the benefit of the student. The parent is responsible for paying the interest accrued and the principal from the time the loan is disbursed until it is paid in full.

A PLUS loan is a federal loan program available to help parents pay college expenses for a child. PLUS loans have a 10-year repayment period and require monthly payments beginning two months after the loan is disbursed. Interest rates on PLUS and other applicable federal education loans are reset every July 1.

Low interest Parent loan authorized under Title IV of the Higher Education Act offered through participating FFELP lenders and the federal government.

A federal loan made available to parents of Dependent undergraduate students. The parent may borrow up to the cost of education less the student's financial aid package to cover the student's total educational expenses.

A federal loan program for parents of undergraduate students.

See Federal Parent Loan for Undergraduate Students.

(Parent Loans for Undergraduate Students) -Low interest, variable rate loans available to parents of undergraduate students. The interest rates are adjusted annually on July 1st, based on a formula set by federal statute & may not exceed 9%. No grace period for these loans.

Allows parents who pass a credit check to borrow extra money for each separate dependent's education.

A PLUS loan is a federally insured education loan which parents borrow on the behalf of dependent undergraduate students. The PLUS loan is not based on need. However, the applicant must be determined creditworthy based on Federal regulations and/or lender criteria. Parents may borrow up to the cost of education, minus any other financial aid received. PLUS loans may be used to replace the expected family contribution. Graduate/Professional students may also borrow a PLUS loan to pay for their own education up to the cost of education minus any other financial aid received. The PLUS loan is not based on need. However, the applicant must be determined creditworthy based on Federal regulations and/or lender criteria. Graduate/professional students may apply for the PLUS loan now, but loans may not be certified by the school or disbursed until after 7-1-06 . Back to glossary main page

The Federal Parent Loan for Undergratuate Students (PLUS) is in one parent's name. The program does require the borrower to pass a simple credit check. If one parent does not qualify for the loan then the other parent can apply for the loan. The loan is neither need-based nor merit-based. The interest rate is variable and adjusted once a year on July 1. The interest rate is capped at 9%. The present interest rate for 2005-2006 is 6.1%. Payments on this loan start within 60 days of the final disbursement of the loan. The amount that can be borrowed in any one year is the total cost of college less any financial aid and distributions from certain educational tax benefit accounts.

A loan available through the Federal Family Education Loan (FFEL) Program or the William D. Ford Federal Direct Loan Program (Direct Loan or DL). A Stafford Loan is for parents.

A loan made under the Federal Family Education Loan Program to an eligible parent or legal guardian of a dependent, undergraduate student.

Plus Loans enable parents with good credit histories to borrow to pay the education expenses of each child who is a dependent undergraduate student enrolled at least half time.

A loan for parents of dependent undergraduate students.

Parent Loan for Undergraduate Students, one part of the federal loan program. Borrowers must pass a credit check.

PLUS Loans are loans offered to parents of students enrolled at least half time in eligible programs at participating and eligible postsecondary institutions. As of July 1, 2006 PLUS loans are also available to graduate and professional students at participating and eligible postsecondary institutions.