Federal Parent PLUS Loans are available to parents who wish to help their child pay for college. With a Parent PLUS Loan, parents may borrow up to the full cost of a child's education, including tuition, room and board, books and supplies, transportation, and living expenses, less other financial aid received.
Features and advantages:
- Automatic debit customers get a 0.25 percentage.* point interest rate reduction.
- Fixed interest rate (8.5%).
- Not based on income or assets.
- No collateral needed.
- Interest may be tax deductible. Consult your tax advisor for more details.
- No pre-payment penalty.
- Flexible repayment options.
*Terms and conditions
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