Federal PLUS Loans are low-rate loans for parents of undergraduate students designed to help you afford a college education. With a PLUS loan, parents can fund the entire cost of the students’ education, minus other financial aid received. This includes books, supplies and living expenses, as well as direct costs like tuition and room and board.
PLUS loans require a basic credit check, but are not made based on income or assets and require no collateral. The only requirements of parent borrowers are that they be US citizens or permanent residents and have a child enrolled at least half time in an undergraduate program.
Student Loan Funding offers money saving benefits on PLUS loans, along with Flexible Repayment Options and Innovative Refinancing Options including UD Family Loan for Catholic Education, referred to as the PLUS Loan on your financial aid award letter.
More Information on Parent PLUS Loan Benefits and Apply Online
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