Offering parents and graduate/professional students some of the best rates in the nation.

For many parents and graduate/professional students, federal (PLUS) loans are an attractive financing alternative to private loans or to dipping into lifetime savings and investments or using their home as equity. You can use a PLUS loan as your primary loan or to supplement a Stafford Loan. You may borrow up to the total cost of education minus other forms of financial aid.

Financial need isn't a factor in qualifying, and unlike a home equity loan, no collateral is required. You must be creditworthy; however, credit criteria is often less stringent than that used for other forms of debt such as credit cards and consumer loans. And much of the interest you pay may be tax-deductible. (Consult a tax advisor for more information.)

Benefits

• Fixed interest rate for the life of the loan 
• Chela and Nelnet offer the Waived Payment Program for Parent and Graduate PLUS borrowers - More Details
• Borrow up to the cost of education minus other forms of financial aid
• Parents, you can defer your payments for up to four years while you or your child is in school. Download the Forbearance Request Form.