Parent Loan for Undergraduate Students
Parents of dependent students may borrow on behalf of their children. The borrower can not have adverse credit. The student must first apply for other types of financial aid by completing the FAFSA. The student must be enrolled at least half time and meeting standards of Satisfactory Academic Progress. Loan amounts must not exceed the cost of education less other financial aid. Parent loans must be repaid over a 10-year period with variable or fixed interest rates beginning 60 days after disbursement.