Student Loans

QWhy Should I Take Out A Plus Loan?
APLUS is a flexible, low rate federal loan that offers several benefits not available through other alternate financing sources, such as high APR private loans or home equity lines of credit. With the increasing costs of education, a PLUS loan is a smart choice for financing your dependent childÒs undergraduate studies: Cover all or part of your childÒs cost of education (less financial aid) Get a variable rate currently at 4.17% - with a maximum cap of 9% Reduce your rate an extra 1.25% Qualify with secure credit alone Ö no income, collateral or need basis Obtain a flexible loan without selling assets or refinancing your home Keep your childÒs education and household finances separate Make payments over a flexible 10 year term Pay off your loan early Ö with no penalties Have access to payment deferment and forbearance Consolidate 91 days after the final year disbursement Get some tax deductions Ö consult your tax advisor for eligibility