Recommended Loan Suggestions

for Parents of Undergrad students

1. Parent PLUS Loans: you can borrow up to the cost of attendance minus any financial aid recieved by the student. PLUS loans are subject go credit approval: jump to parent PLUS loan information
   
   
   
2. Home Equity Financing: if you have substantial equity value in your home, you might consider using a home equity line to help pay college expenses: jump to home equity information
   
   
   
3. Private Student Loans: if your students needs additional funds that are not subject to federal regulations, check into private student loans. By co-signing the note, the student can borrow up to $30,000 each academic year and defer repayments until after they graduate: jump to private student loan information
   
   
   
   other points of interest:
   

• summary aid chart for parents
• pros and cons of student loans
• managing your money while in school