FEDERAL PARENT PLUS LOAN
| | | Quick Facts | | • | Low 8.5% fixed interest rate | | • | Parents can borrow total cost of education, minus other aid | | • | Fast and easy online application | | | |
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The Federal Parent PLUS Loan is an affordable, low-interest loan designed for parents of undergraduate students.
Cover the Total Cost of Education
The Parent PLUS Loan can be used to cover up to 100 percent of your child's total cost of education, minus other financial aid awarded to the student. This total amount can include tuition, books, food, housing, transportation, and more.
Though eligibility for the Parent PLUS Loan is not based on household income, assets or financial need, having your student fill out the Free Application for Federal Student Aid is encouraged and may be requested by your child’s school.
By choosing us for your Parent PLUS Loan, you get:
- Savings of up to 7.25% off your original loan amount with repayment rewards, only from Wachovia1
- Credit counselors to assist with adverse credit issues during the application process
- Fast access to funds, including pre-approval in minutes
- No collateral requirements or income limitations
- Ability to defer payments up to 4 years with our forbearance option
- Flexible repayment options
Have concerns about your credit? Don't worry.
Our Parent PLUS credit counselors are trained to assist with credit issues and help you get a loan fast.
Need to Learn More?
Go to the following links to learn more about
Parent PLUS Loans.
Ready to apply?
Use our fast online application or call us toll-free at (877) 689-0763.
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