Parent PLUS Loan

Smarter College Financing

Fund Their Future.
Protect Your Finances.

Federal Parent PLUS loans charge exorbitant upfront origination fees. If you have good credit, a Private Parent Loan can cover the true cost of your child's education with zero fees and highly competitive rates.

Zero Origination Fees Federal PLUS loans take over 4.22% of your loan amount right off the top. Our private lending partners charge absolutely $0 in origination fees, keeping your money in your pocket.
Reward Your Good Credit Federal loans offer a "one-size-fits-all" high interest rate. A private parent loan uses your strong credit history to secure a much lower fixed or variable APR.
The Debt Stays in Your Name Allow your child to graduate without the crushing burden of student debt. Parent loans are solely in your name, protecting their future financial independence.

Check Parent Rates

Compare custom rate quotes from top private education lenders. Checking your options will NOT impact your credit score.

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The "Hidden Fee" Calculator

Federal Parent PLUS loans quietly subtract a massive 4.228% fee before the money ever reaches the school. See exactly how much upfront cash you save by choosing a zero-fee private parent loan.

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Total amount required to cover the academic year funding gap.

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Why this matters: With a Federal PLUS loan, if you need $30,000 for tuition, you actually have to borrow roughly $31,324 just to cover their fee. A private loan gives you exactly what you ask for.

Private Loan Advantage

Upfront Money Saved (No Origination Fee)
+$1,268
Instant Cash Preserved
Private Loan Monthly Payment
$348
Based on inputs
Federal PLUS Origination Fee
-$1,268
Added to your loan balance

Parent Financing Options Compared

See why parents with strong credit scores are shifting away from rigid federal lending options.

Feature Private Parent Loan Federal Parent PLUS Co-Signed Student Loan
Origination Fees Zero ($0) ~4.228% (Very High) Zero ($0)
Interest Rates Based on your credit score. Fixed or Variable options. High fixed rate, regardless of how good your credit is. Based on combined credit. Fixed or Variable.
Primary Borrower The Parent The Parent The Student (You are the backup)
Transfer to Child Later? Sometimes (Child can refinance in their name post-graduation). No. Legally stuck in parent's name forever. Yes (Via Cosigner Release).

Parent Lending FAQs

With a Private Parent Loan, you (the parent or guardian) are the sole primary borrower. The student has no legal obligation to repay the debt, and it does not appear on their credit report. In a co-signed student loan, the student is the primary borrower, and you are acting as a guarantor who promises to pay only if the student defaults.
No. You should always have your child complete the FAFSA first to exhaust any free money (grants/scholarships) and low-cost federal direct student loans. A private parent loan is designed to cover the remaining "Expected Family Contribution" (EFC) and will not reduce the grants or student loans your child has already qualified for.
A Federal Parent PLUS loan can NEVER be transferred to the student. However, if you take out a Private Parent Loan, many lenders allow the student to "refinance" the loan into their own name after they graduate, secure a steady income, and build their own credit history, entirely removing your legal liability.
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