| Parent
PLUS Loans
Parents with good credit history can borrow money for the
educational expenses of dependent undergraduate students.
These loans are not based on financial need and can be made
for the full cost of attendance less any other financial aid
awarded to the student.
Beginning July 1, 2006 the interest rates on parent loans
is fixed at 8.5% for the life of the loan.
To Qualify the Student:
|
| • |
Must be enrolled in
at least half-time status |
| • |
Must maintain Satisfactory Academic
Progress according to the standards of the school |
| • |
And Parent must be a U.S. legal
citizen or permanent resident alien |
| Repayment
begins within 60 days after the loan is fully funded.
First Community Bank offers an instant PLUS Credit Pre-Approval
Online!
Click
here for Pre-approval PLUS Online Application. |
