We offer two competitive-rate education loans to help parents finance their children's education, the Federal PLUS loan and the Tuition Answer LoanSM. Both loans enable parents to borrow enough to cover the entire cost of their child's education. Tuition and fees, room and board, books and supplies, transportation and even living expenses are covered. These education loans offer parents low interest rates, flexible repayment terms, and the ability to postpone payments while children are in school. They have no collateral or asset requirements. Our parent loans are the preferred education funding choice for many savvy investors and smart financial planners because it enables them to cover the full cost of their children's educations without tying up equity in their homes or liquidating high-yield investments.
For a better understanding of parent education loan options, select one of the following:
Federal PLUS loan
A low-interest (6.1%) federal education loan for parents. The funds for this loan are disbursed directly to the school.
Read more information about PLUS Loans including:
- Advantages.
- Eligibility.
- Rates and fees.
- Loan limits.
- Repayment.
Tuition answer loan
Our competitive-rate private education loan for parents offers up to $30,000 per year, with funds conveniently disbursed to you, the parent.
Read more information about Tuition Answer Loans including:
- Advantages.
- Eligibility.
- Rates and fees.
- Loan limits.
- Repayment.
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