Parent Plus Loans

The Parent Loan Program is another program of assistance to help meet a student's educational expenses. Any family considering borrowing through this program should carefully review the following procedures. The parent borrows funds based on the students enrollment in college. The interest rate is variable (cap of 10%). Checks will probably be co-payable to the parent and the University.

A need analysis is required in order to borrow through this program. However, the amount of the loan borrowed cannot exceed the cost of education minus other financial aid resources.

Repayment begins within 60 days of assuming the Loan.

Application Procedure

Applications are available from your participating lender. Funds are disbursed by your lending institution.

Pennsylvania residents should follow the instructions on the application carefully to determine the next step in the process.

The University will certify the cost of education, enrollment, and eligibility.

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