Federal Parent Loan

Lake Shore Savings can help you get the cash you need for school with the Federal Parent Loan!

Federal PLUS (parent) Loan

The Federal PLUS Loan is a long-term, variable-rate, low-interest loan designed for parents to borrow on behalf of their dependents attending college. It is available to parents of both undergraduate and graduate students enrolled at least half-time.

The Federal PLUS Loan has a repayment term of five to ten years, depending on the amount borrowed. The first payment is due within thirty days of the date the FPLUS Loan is fully disbursed. Interest begins to accrue on the day the first loan is disbursed. The minimum monthly payment is $50.

Borrowers will have an annual variable rate which will not exceed 9.0%.

A 3.0% origination fee applies.

How to Apply

Click here for a side-by-side comparison of available student loans.

To be sure you have your funds when you need them, ask your school's Financial Aid Administrator for deadlines.