Parent Plus Loan

When grants, scholarships and Federal Stafford loans are not enough, the Parent Plus Loan may be another option.

First, it is important to understand the Parent Plus Loan.

The Parent Plus Loan vs a Home Equity Loan

The Parent Plus Loan vs Cashing Investments

The Parent Plus Loan vs using 401K Funds

To apply for the Parent Plus Loan, you must first choose a lender, and then sign a Master Promissory Note (MPN) using the pin with which you signed the FAFSA. The interest rate is the same regardless of the lender. Some lenders add extra incentives. First, make sure you understand the provisions of all Parent Plus loans so that you will recognize an extra incentive.

Apply for the Parent Plus Loan