The Federal Government has two loan programs, one for students and one for parents. Loans for undergraduate students offer great rates but cap out at just $27,000 over 4 years; Federal Parent PLUS loans allow qualifying parents to fill their gap but have the same rate regardless of their credit score and charge expensive origination fees.

FEDERAL GOVERNMENT LOANS
STUDENTS
Loans
PARENTS
PLUS Loans
Best rates but limited to $27,000 over 4 years The same rate for all borrowers, plus expensive origination fees
PRIVATE LOANS
STUDENTS PARENTS
Best rates when there is a co-signer; more funds available than Federal Student Loans Better rates than PLUS Loans for borrowers with good credit

SHOULD WE CONSIDER PRIVATE LOANS?

Because Federal Student loans aren’t usually enough, private student and parent loans can be a great alternative to PLUS loans.

For parents with good credit, private loans may be a much better option than Federal PLUS loans for several reasons.

  • Better rates for well-qualified applicants
  • No origination fees or prepayment penalties
  • More flexibility in loan type and repayment options
  • Anyone can borrow on student’s behalf – a parent, grandparent, spouse or friend

HOW DO WE CHOOSE A PRIVATE LENDER?

We’ve vetted the nation’s leading private student and parent loan providers based on these criteria:

  • Competitiveness of Rates

  • Available Discounts

  • Repayment Options and Terms

  • Lack of Fees and Penalties

  • User-Friendly Application

  • Likelihood of Getting Approved

  • Value-Added Resources for Our Clients

  • Variety of Loans Offered

  • Responsiveness to Customers and Applicants

  • Lender’s Reputation, History, and Solvency

The hands-down winner of our exclusive recommendation?

CLICK HERE TO LEARN MORE AND APPLY!

VALUABLE BENEFITS FOR SMARTTRACK CLIENTS.

SMARTTRACK® clients get these valuable benefits – but you must apply through this link: 

  • Automatically be entered to win one of ten $500 Scholarships!
  • 4 months of free study help – a $100 value –  to help students solve study questions and textbook problems 24/7.
  • Free access to robust financial literacy resources to help you and your student borrow wisely.
  • Interest rate discount of .25% when you enroll in automatic payments.
  • SMARTTRACK® will provide our clients with a congratulatory gift card when their loan is approved!

You MUST apply using this link to qualify for all of these valuable benefits!

APPLY NOW

GREAT RATES.

LOAN RATES THAT BEAT FEDERAL PARENT PLUS LOANS

Well-qualified borrowers may be eligible for loan rates that beat federal Parent PLUS Loans. To know for sure which Parent or Student Loan is the right choice for you, submit an application now.

PLUS Loan Our Top Pick Parent Loans
Origination Fees The Federal Parent PLUS Loan currently charges a 4.236% origination fee No origination fees
Interest Rates Non-competitive fixed rate Choice of competitive fixed or variable rates
Better Rates for Good Credit No Applicants with good credit may be offered better interest rates
Eligibility Requirements Loans are for parents only, but the student must be enrolled at least half-time Any creditworthy adult (other family, friends) may apply, and the student may be enrolled for less than half-time
Student Loan Options No Multiple options for student borrowers
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