No federal default fee and a 3% credit of the amount borrowed following the academic year in which your loan is first disbursed

Immediate interest rate reduction of 0.75% for on-time payment when repayment starts

Interest rate reduction of 1.25% if you make monthly payments by automatic draft and elect to receive electronic statements

Parent PLUS Savings with SunTrust:¹

ZERO Default Fees²

1.5% Principal Reduction after making the first 12 on-time monthly payments

0.25% Interest Rate Reduction for auto debit payments³

Easy on-line application

E-signature available

Pay Now
PLUS loans are typically disbursed in two installments during the academic year. Repayment begins within 60 days of the second disbursement.

Pay Later
You can choose to delay repayment while your child is in school at least half-time by applying for forbearance for a period of 12 months. This forbearance can be renewed annually to delay repayment for a period of up to four years while your child is in school.⁴

Overall save 6.19% with Wachovia off the original loan amount with interest rate reduction and zero default fees

• Instant 1% savings with zero default fees when using a guarantor that does not charge the fee


• 1% interest rate reduction when the first 36 payments are made on time using auto debit. Borrowers must enroll in auto debit by the end of the third month of repayment to qualify. Late is defined as any payment received 15+ days beyond the payment due date.