PLUS Loans, Parent PLUS Loan, Parent Loan for Undergraduate Students (PLUS) Loans, PLUS Student Loans

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Parent PLUS Loan (Parent Loan for Undergraduate Students)

PLUS loans - also known as Parent Loan for Undergraduate Students - are more flexible, less expensive than conventional consumer loans The Parent Loan for Undergraduate Students, or PLUS loan, is a federally-backed loan that enables parents to borrow funds to cover your child's (or children's) cost of attending college, less any financial aid.

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PLUS loans are not need-based; however, the parent just needs to meet minimal credit requirements to qualify. Unlike other Federal student loans, repayment of the parent PLUS loan is the responsibility of the parent, not the student.

Administered by the college or university your child attends, the OSL PLUS Loan is one of the most competitive PLUS Loan products currently offered in the U.S.

PLUS Loan - More Flexible, Less Expensive
than Conventional Consumer Loans
Many parents opt to take out a parents PLUS Loan because it offers many advantages over other forms of consumer loans such as a home equity loan or line of credit, credit cards, bank loans, or other private loans:

	Low interest rates PLUS loan interest rates are fixed at 8.5%.
	0% Guaranty Fee This loan fee has been waived for OSL PLUS Loan customers to lower your cost of borrowing.
	Interest rate discount options (1) Save an additional .25 percentage points immediately with automated repayment and (2) save another 1 percentage point after qualifying for our prompt payment program.
	Tax benefits
	• Interest may be tax-deductible No collateral required • No prepayment penalty • Enables deferment of payment while child is in school at least half-time, or under other specific circumstances
	Convenient repayment terms Have more control over your family's cash flow
	No-hassle application process - no need to spend time completing a FAFSA application
	Simple eligibility requirements (1) each dependent child must be enrolled at least half time in an approved two-year or four-year college or university and (2) the parents must have a good credit history
	PLUS Loans are eligible for Federal loan consolidation Helps you manage your child's education debt even after graduation

Free Credit Counseling Services
If needed, OneSimpleLoan offers credit counseling services to help parents qualify for a PLUS loan that may be otherwise denied. This service can assist you in obtaining and reviewing your credit report to address those issues that may be negatively affecting your credit rating.

Fees
PLUS loans are subject to up to a 3% origination fee which is deducted from the original loan amount.

It's Easy to Apply!
The OSL PLUS loan is a superb borrowing tool that can help you assist your child achieve his or her education goals.

Our student loan specialists are ready to help you. Please give us a call at 1-877-663-7467, or fill out our simple pre-qualification application form today. There's no obligation and no application fees!