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Your child can earn sophomore status at 1,400+ institutions nationwide, before stepping a foot inside their doors.
Read about the AP Program.

Expert Advice

"Not all financial aid is created equal. In comparing your aid awards, keep your eye on the percent of the award that is gift aid and the percent of aid that is loans or work-study."
Lynn Nichelson, Director of Financial Aid, Illinois Wesleyan University

Low-Interest Parent Loans

Lower Your Monthly Education Payments

A parent loan can be used in two ways:

  1. It can be a way to come up with additional money when you can't afford the family share from current income and assets.
  2. It can alleviate a cash flow problem when you can come up with the family share, but not by the time payments are due.  

Federal PLUS Loans

The Federal PLUS Loan Program is designed to supplement other forms of student aid.

  • It's available regardless of income or assets.
  • The interest rate is fixed at 8.5 percent.
  • You can borrow to cover your child's total cost (tuition, room, board, books, and personal expenses) minus financial aid.
  • There are flexible repayment options, with up to 10 years to repay.
  • A minimal credit check is conducted. To qualify, you only need to demonstrate the absence of adverse credit. The application is easy to complete. Many lenders offer online pre-approval for PLUS Loans.