THANK YOU FOR CHOOSING STUFUND FOR FINANCING YOUR EDUCATION.

Investing in your child’s education is investing in their future, and it’s money well spent. On average, a graduate from a four year college will earn 80% more in his or her life than somebody with only a high school degree. College graduates will have more doors open for them and more opportunities to pursue. They will have the tools to go after their dreams.

But too often economic worries get in the way. The loan system seems too complex, and the frustration of applying for a loan seems daunting. At StuFund, we believe that if a student has the desire to go to college, he or she should be able to find the means. Because we believe in the value of education, we will help you through the process, one step at a time.

THE PARENT PLUS LOAN

Even with the Stafford Loan awards, most families need to find other sources of funding to pay for their child’s total educational cost. The Federal PLUS Loan offers a low-interest, collateral-free way for parents of dependent students to pay for their education including transportation, housing, and food. Interest payments may be tax deductible. The PLUS loan is a preferred funding source for parents.

Interest rates and terms

Currently, the interest rate is fixed at 8.50%. StuFund will offer a 0.25% interest rate reduction with automatic monthly payments. There is a 3.00% origination fee and 0% guarantee fee†. Interest payments may be tax deductible.

Repayment terms

For calculators and debt management tools, visit the StuFund site.

For the Parent PLUS loan, borrowers have the option of beginning repayment 60 days after the loan is fully disbursed or six months after the dependent student on whose behalf the parent borrowed ceases to be enrolled on at least a half-time basis. If you experience financial hardship while your student is in school, you can apply for loan payment deferment or forbearance. PLUS Loans are repaid over a 10 year period.

Eligibility

• Parents or step-parents of dependent undergraduate students
• U.S. citizens or non-Citizen permanent resident
• Qualifying score on basic credit check

To start the application process, please enter your first and last name and click the button below. First Name: Last Name:

† StuFund will utilize no-fee guarantors when possible. If this is not available, a guaranty fee of 1% will be assessed on your loan.

THE GRADUATE PLUS LOAN

Even with the Stafford Loan awards, most students need to find other sources of funding to pay for their total educational cost. The Federal PLUS Loan offers a low-interest, collateral-free way for graduate and professional school students to pay for their education including transportation, housing, and food. That, plus the interest payments may be tax deductible. The PLUS loan is a preferred funding source for parents.

Interest rates and terms

Currently, the interest rate is fixed at 8.50%. Graduate and professional students may apply without a co-borrower. Most loan companies offer the PLUS loan at the same rate. There is a 3.00% origination fee and 0% guarantee fee†. Interest payments may be tax deductible.

Repayment terms

Repayment begins 60 days after the loan is fully disbursed. However, Grad PLUS borrowers may defer payment on their loans while in in-school status. PLUS Loans are repaid over a 10 year period.

Eligibility

-- Graduate and professional students without a co- borrower

-- U.S. citizens or non-Citizen permanent resident

-- Qualifying score on basic credit check

† StuFund will utilize no-fee guarantors when possible. Some schools select guarantors with fees up to 1%.