for parents of undergrads
Recommended Aid Options:
Parents can help their student children in several ways. You can borrow money against your own name or co-sign for a private student loan that your student will be obligated to repay after they graduate.
- Parent PLUS Loans:
you can borrow up to the cost of attendance minus any financial aid received by the student. PLUS loans are subject to credit approval: jump to parent PLUS loan information
- Home Equity Financing:
if you have substantial equity value in your home, you might consider using a home equity line to help pay college expenses: jump to home equity information
- The Banker Home Equity Line of Credit (BLOC):
same as home equity loans except that you use the credit line as your money account. You must have working income for the program to work: view the BLOC product demo
- Private Student Loans:
if your students needs additional funds that are not subject to federal regulations, check into private student loans.
By co-signing the note, the student can borrow as much as they need each academic year and save money - build good credit - and pay off your student loan faster:
jump to private student loan information