Higher Education with Lower Payments
Plus loans are credit based and not need based. They require no collateral and there is no early repayment penalty. Parents need to pass a credit check, You must be a U.S. citizen or national, a U.S. permanent resident, or eligible non-citizen. If they do not pass the credit check they may still get the loan if a family or friend agrees to endorse the loan and promises to repay it if your parents should fail to do so.
To apply for a PLUS Loan consolidation fillout the online PLUS Loans Application
PLUS Loan limits are equal to your cost of attendance minus any other financial aid you receive. If your cost of attendance is $11,000, for example, and you receive $8,000 in other financial aid, your parents can borrow up to $3,000.
To apply for a PLUS Loan consolidation fillout the online PLUS Loans Application
What other charges are associated with Plus Loans?
For a Direct PLUS Loan, the entire fee goes to the government to help reduce the cost of the loans.
For a FFEL PLUS Loan, a portion of this fee goes to the federal government, and a portion goes to the guaranty agency (the organization that administers the PLUS Loan Program in your state) to help reduce the cost of the loans.
Parents may pay a max up to 4 percent of the loan each time a loan disbursement is made
To apply for a PLUS Loan consolidation fillout the online PLUS Loans Application
Benefits of a PLUS Loan
Many parents take advantage of the PLUS Loan due to the low interest rates, favorable repayment terms and borrower benefits not available through other types of financing or lenders, including:
- The ability to borrow up to 100% of the cost of college
- Reduce interest rate to as low as 6.5%
- Free, no obligation pre-approval
- Postpone payments up to 3 years
To apply for a PLUS Loan consolidation fillout the online PLUS Loans Application
“We have lenders who offer Student Loan Consolidation for the flowing types of student loans:”
- Student Loan Consolidation
- Private Student Loan Consolidation
- PLUS Loans Consolidation
- Graduate PLUS Loans Consolidation
- Stafford Loans Consolidation
- Federal Perkins Loan Consolidation
- Parent Plus Loan Consolidation
