Click here to apply for a Parent PLUS Loan!

1.	The 8.5% interest rate applies to new loans first disbursed on or after July 1, 2006. For variable interest rates for PLUS Loans with a first disbursement date between July 1, 1998 and June 30, 2006, click here.
2.	The 1% Federal Default Fee may be paid for in full or in part by the guaranty agency.
3.	Interest is the responsibility of the borrower. Any unpaid interest is accrued and will be added to the principal when repayment commences.

- TOP - 

Application Process

- TOP - 

Repayment and Interest:
PLUS Loans must be repaid. Repayment begins within 30 days from the final disbursement of the loan.

You may opt to delay making payments on the PLUS Loan while the student is enrolled in school at least half-time and 6 months thereafter. Payment of the interest on a PLUS Loan is always the responsibility of the borrower. National Education will send quarterly interest statements during the delayed repayment period and you may choose to make payments. It is your choice to either make interest only payments during this time or have the interest accrued and added to the principal prior to repayment commencing. (capitalization)

Alternative payment plans, deferments and forbearance are available to help you manage the repayment of your PLUS Loan. Select a different payment plan to fit your budget. You can reduce your initial payments by up to 40%.

Tips to remember:

• The parent is the borrower and is responsible for paying back the loan.
• PLUS Loans are expected to be repaid within ten years.
• The interest rate is fixed at 8.5% for PLUS Loans made on or after July 1, 2006. (see current interest rates).
• Repayment begins within 30 days after the final disbursement of loan funds.
• PLUS Loans do not have a grace period but you may opt to delay repayment while the student is enrolled in school at least half-time and 6 months thereafter.
• There is no penalty for early repayment; you can pay more than the monthly amount if you wish.
• National Education offers alternative payment plans.

- TOP - 

We reserve the right to modify or discontinue benefit programs at any time without notice. Any termination or modification of the program will not affect the terms of loans previously made. Specific terms and conditions may apply, please call us at 1-800-353-3357 if you have any questions.

(800) 353-3357
National Education
405 Silverside Road, Suite 200
Wilmington, DE  19809