Federal Parent "PLUS" Loan

Federal Parent PLUS Loans are made to parents to help pay the educational costs of dependent children. Credit-worthy parents may borrow an annual amount up to the cost of attendance at the college minus the student's other financial aid. Interest on the loan begins to accrue as soon as the first disbursement of the loan is made. Repayment of the loan begins within 60 days of the final loan disbursement.

ASLA offers excellent savings on Parent Loans through the Opportunity Loan Interest Rate Reduction Program.

Interest Rates For Federal Parent PLUS Loans disbursed on or after July 1, 2006 are fixed at 8.5% 

Click here to apply for a Plus-Loan online today!

The PLUS Loan application process may vary from school to school. If you appear to be eligible, ASLA will send you an approval notification and instructions on how to complete the application according to the process approved by the school. If you do not qualify you will be sent a denial letter. Please call 1-800-443-6030 with any questions.

Please Note: By submitting this application you are giving ASLA permission to pull a credit report to determine eligibility. This is not a loan application and does not guarantee eligibility for a Federal PLUS Loan.