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The Parent Loan for Undergraduate Students (PLUS) is a variable low interest rate loan for parents of dependent undergraduate students. A creditworthy borrower may obtain a PLUS Loan to cover the remaining cost of attendance at a college or university. The PLUS Loan is not based on financial need. 
Online applications will be processed within minutes. Upon credit approval, you will be able to print a pre-approved PLUS Loan application/promissory note. If you are unable to print an application, a PLUS Loan application/promissory note will be mailed to you.
PLUS Loans Quick Facts:
Interest Rate
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8.5%.
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Loan Fees
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3% origination fee (1% federal default fee waived)
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Annual Maximum
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Cost of attendance minus financial aid received
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Cumulative Maximums
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N/A
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Repayment Period
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Up to 10 years
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Minimum Payments
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$50 per month
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Payments Prior to Graduation
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*Effective July 1, 2008 - payments may be deferred until 6 months after student graduates or drops below half-time status.
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Borrower Benefit
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For loans first disbursed on or after June 1, 2008, all PLUS borrowers with students attending Missouri schools who pay their loans by auto-debit will be eligible to receive a 0.25% interest rate reduction during repayment.
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