Federal Loans
Federal student loans require payment, but typically not until after you cease being enrolled in college at least at a half-time level. Parent loans, such as the Federal Parent Loan for Undergraduate Students (PLUS), require payments while the student is in school beginning 60 days after the loan is fully disbursed. Both types
of loans typically offer low-interest rates and long terms.
PLUS Loan
Details
Eligibility: Borrower must be parent of student
Amount: Cost of attendance less other financial aid
Benefit: Fixed, affordable monthly payments
Program: Federal
Application Deadline: Fall - December 1st, Spring - May 1st
Subsidized Stafford Loan
Details
Eligibility: Need-based
Amount: $3,500-$5,500 depending on class year
Benefit: Deferred repayment until after graduation
Program: Federal
Application Deadline: Fall - December 1st, Spring - May 1st
Unsubsidized Stafford Loan
Details
Eligibility: All students
Amount: $3,500-$5,500 depending on class year
Benefit: Long-term repayment
Program: Federal
Application Deadline: Fall - December 1st, Spring - May 1st
Apply for a PLUS Loan:
- Visit
https://studentloans.gov
- Look for the "Manage My Direct Loan" box
- Sign in using your FAFSA PIN number
- Complete the PLUS request process.
Private Loans