Why wouldn families use the Federal Parent PLUS Loan without the Student Plus Program agreement?
Our program is not intended for parents who prefer to make the loan payments and would use a Federal Parent PLUS Loan anyway. We believe the Federal Parent PLUS Loan is the most widely available and lowest cost supplemental funding option for families. We developed this program to help families who avoid the Federal Parent PLUS Loan because they prefer the student billing and payment services that most private loans provide. Our program creates a scenario similar to a parent cosigned private loan, but allows the family to benefit from the advantages of the underlying Federal Parent PLUS Loan.
Related Questions
- What is the aggregate loan limit for a dependent undergraduate student whose parent has been denied a Federal PLUS Loan but who is eligible for an additional unsubsidized Federal Stafford Loan?
- How is the Federal Parent PLUS Loan affected by a family choosing to use the Student Plus Program?
- Why wouldn families use the Federal Parent PLUS Loan without the Student Plus Program agreement?
