Parent Loans
91猫先生 realizes that the cost of attending college may require families to borrow some or all of their estimated family contribution. We advise that the overall borrowing done by the student be kept to a minimum.
There are several types of loans that a parent may borrow on behalf of a student or co-sign with a student. These include the Federal Parent PLUS loan, a state-sponsored education loan, a home equity loan, and a private alternative loan.
- Learn more about the Federal Direct Parent PLUS loan.
- Apply for the Federal Direct Parent PLUS loan.
- Learn more about private alternative loans.
Our suggested hierarchy of loan borrowing is:
1. Student maximizes their听Direct student loan;
2. Parent borrows a ;
3. If additional funds are needed consider the monthly payment plan, a home equity loan, or a听.
Your goal is to determine which loan best fits your current and future needs, take some time to review the information provided on this website.听Begin with reviewing The Loan Process and Comparison of Various Financing Options.
Financing Tip:听If you are planning to听borrow听an education听loan, you听may also want to听consider a听monthly payment plan to reduce the amount you need to borrow.听For example, if you are planning to borrow $10,000 but can afford a $200 monthly payment听for 10 months (for a $2,000 monthly payment plan)听you would then just need to borrow $8,000 instead of borrowing the full $10,000.听The reduced loan amount will reduce your future interest charges and your future monthly loan payments.
For a PLUS loan, the maximum loan amount is changing as of July 1, 2026. 听For a private alternative loan, the maximum loan amount is the cost of education less estimated financial aid (including loans). Each PLUS or private alternative loan requires that 91猫先生 certifies the loan amount and the enrollment of the student. Most loans require the student to be making satisfactory academic progress according to 91猫先生's guidelines.
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