Parent PLUS Loans
A Parent PLUS loan is the best loan for parents who want to pay for their child’s education.
Parent PLUS Loan Benefits
- Fixed interest rate of 8.5%
- Borrow the difference between your child’s cost of attendance and financial aid award
- No income requirements
- Poor credit? May still qualify with credit-ready endorser
- Payments on interest can be tax deductible
- No penalties for paying your loan off early
- Flexible repayment option
Save with AES
AES and its participating lenders offer Parent PLUS loan programs that can include reduced fees and additional rebates.
| Parent PLUS | KeystoneBEST for Parents |
| Eligibility | Eligibility |
| Parent meets general PLUS eligibility Student meets general PLUS eligibility |
Parents live or student goes to school in PA |
| Interest Rate | Interest Rate |
Fixed interest rate of 8.5% |
Fixed interest rate of 8.5% |
| Rebates | Rebates |
Select lenders may offer additional rebates |
Select lenders may offer additional rebates |
| Loan Fees | Loan Fees |
Up to 4% of borrowed amount |
3% of borrowed amount |