Federal Parent PLUS Loans

The PLUS Loan is a loan that is available for parents of undergraduate students to borrow. It is a federal loan and it must be repaid. The interest rate is fixed at 8.5%. Eligibility is based on credit history as determined by federal guidelines and the lending institution. The maximum loan limit is not to exceed the student's federal budget less any additional assistance the student may be receiving. Prior to disbursement, the lender withholds 3% from the loan amount to cover loan origination and insurance fees.

Repayment for the Federal PLUS Loan Program begins 60 days after the second disbursement of the loan. For loan deferment options, you should contact your lender.
MORE THAN IS AFFORDABLE!

It's time to fill out your 2009-2010 FAFSA. Don't forget to include Trevecca's federal school code (003526).