Do you need assistance paying the difference between the college cost and financial aid awarded? Two options are Parent Loans for Undergraduate Students (PLUS) and private loans.

PLUS loans

• PLUS loans are available to the parents or guardians of undergraduate students attending college at least half time.
• Parents can borrow up to the cost of the student's education, minus any other financial aid the student receives.
• The interest rate is variable and is subject to change every July 1, based on the 91-day Treasury Bill with a cap of 9%.
• The borrower must not have an adverse credit history.
• Repayment begins 60 days after the first loan disbursement.
• Generally available from the same sources as Stafford loans.
• Receive quick credit approval for the PLUS loan with our PLUS Approval Online. Netscape users must have version 4.06, or better, to take advantage of this service.
• Contact our Parent Answer^® Service at (800) 891-1410 for questions about PLUS.

Private loans

Some financial institutions offer private loan programs with terms tailored to your needs.

Borrowers may obtain a loan up to the cost of education, minus other aid received.

Signature Student Loans are available to either credit-ready or credit-worthy borrowers depending on the loan type, the year in college, and the college the student is attending.

For more information about the Signature Student Loan Program, visit Education loans area.

Remember:

• Borrowing money for college is a serious financial decision.
• It's important not to take borrowing lightly, but it's also important to keep borrowing in perspective.
• Borrowing for college can make your education and career goals possible.

Investigate alternatives if costs are still too expensive.