Student Parent Loans < 2024-2026 >

: Generally begins within 60 days of disbursement, though parents can request a deferment until six months after the student graduates or drops below half-time enrollment.

: For loans originated after July 1, 2025, the fixed interest rate is 8.94% . student parent loans

: Private loans lack federal protections like income-driven repayment, broad deferment options, or federal forgiveness programs. 3. Comparison of Key Features Federal Parent PLUS Private Parent Loan Lender U.S. Dept. of Education Banks/Credit Unions Interest Rate Fixed (8.94% for 2025-26) Variable or Fixed (based on credit) Credit Check Required (looks for "adverse history") Required (looks for high credit score) Transferability Nontransferable to student Possible through private refinancing Death Discharge Discharged if parent or student dies Varies by lender 4. Important Considerations for Families : Generally begins within 60 days of disbursement,

: For a $70,000 total debt, estimated monthly payments can be approximately $791 under standard 10-year repayment. of Education Banks/Credit Unions Interest Rate Fixed (8

If you have excellent credit, you might find lower interest rates through private lenders like College Ave , Sallie Mae , SoFi , Earnest , or Citizens Bank .

: Be cautious about over-borrowing. Some parents have reported owing upwards of $300,000, leading to a "predatory" cycle where interest grows faster than payments can be made.