Parent PLUS Loans - Quinnipiac University

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Parent PLUS Loans

Parent Loans are available to credit-worthy parents of dependent, undergraduate students and can be processed for up to the cost of attendance less any financial aid the student is receiving. New borrowers will be directed to borrow these funds through the federal government's "Direct Loan" program and returning student/parent borrowers will be encouraged to borrow through their prior lender.

*** Important Notice for All NEW PLUS Loan Borrowers ***

New borrowers
We strongly recommend all new borrowers to apply for PLUS loan funds through the federal government's Direct Loan program. Federal Direct PLUS Loans come with a fixed interest rate of 7.9% (non-direct PLUS loans have a fixed interest rate of 8.5%) fees of 2.5% (non-direct PLUS loans have a 4% in fees) and repayment will begin 60 days after the loan is fully disbursed, usually in March/April. New borrowers can click here to begin the PLUS loan application process.

*** Important Notice for All RETURNING PLUS Loan Borrowers ***

Returning borrowers
Parents who have outstanding PLUS loans are strongly encouraged to borrow through their current lender. By doing so, payments will be kept with the same lender/servicer making repayment easier to manage. Should a parent desire to change lenders, we would strongly recommend taking advantage of the lower interest rates under the Direct PLUS Loan program along with the readily available consolidation options offered through the federal government.

Ultimately, choosing a loan and lender is completely up to you. If you opt not to use the Federal Direct PLUS Loan which has a significantly lower interest rate and fees, we will be happy to process your loan with whichever lender you choose and ask that you contact our office with all of the details so we may process your application efficiently.