Unlimited Money For College?

One of the top benefits of PLUS loans is their lack of a maximum loan amount. In essence, you can use a PLUS loan to borrow any unmet financial need after other financial aid packages.

As with everything though, there's no free lunch. PLUS loans have a significantly higher interest rate than other Federal programs like Stafford Loans. Additionally, the government does not subsidize the interest or allow for the deferral of payments until after graduation.

If you think a PLUS loan might benefit you or your student, take a moment to read my extended overview of PLUS loans.

Sign up for the Saving for College Newsletter, and get important updates and tips in your inbox.