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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

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:

Special savings during repayment 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
Option to make no payments until six months after the student leaves school²
Flexible repayment options