The Student Plus Program is a lower cost alternative to a traditional private student loan for undergraduate students and their parents.*
The Stafford loan is usually the best option for students requiring additional funding for school once grants, scholarships and other free aid is awarded.
A Parent PLUS loan is a federal education loan available only to parents. It is often a good option after Stafford loan limits have been reached and additional funding is needed.
Private loans are often used by undergraduate students to meet educational costs after more favorable grants, scholarships and federal loans are exhausted.
*The Graduate Leverage Student Plus Program is not affiliated with the U.S. Department of Education or the Federal Parent PLUS Loan Program.