Two Ways to Receive Additional Funding for College


As there are many options available, we recommend applying to at least two lenders to determine your rate.

With the semester just around the corner, now is the time to get your college finances in order. The college tuition bill for the fall semester should be available soon for those of you with college freshman. Upperclassmen may have already received their bill in the college portal. 

If you’re looking for additional funding for college after cost, free money, and your federal student loan, you have two main options:

  • The federal Parent Plus loan 
  • A co-signed loan with a private lender. 

If you’re not sure where to start, we would be happy to talk to you about your options. You can schedule a call with us here >>>

Parent Plus Loan

The Parent Plus loan is a federal loan that can be used to cover the cost of attendance for a dependent student. The federal parent plus loan can be obtained at using the parent’s FSA ID. This is a wholly owned parent loan with a standard 10 year repayment plan and fixed rate for the 22-23 school year of 7.54%. Once you know the exact amount due, you can apply for the Parent Plus Loan.

Co Signed Loan

A co-signed loan is a private loan that requires a cosigner (usually a parent or guardian) in order to get approved. 

Below are the links to a few private lenders. These are lenders that have good customer service, an easy application process and offer College Assistance Plus clients competitive interest rates. Not a CAPlus client yet, here’s one way to get the help you need now.

Most private lenders require the application to be only 30-60 days prior to the due date. This can be confirmed with the college if necessary. 



Juno (a crowd-sourced funding option that chooses a lender with the lowest rate)

Credible is also a good place to start as it offers most available private lending options.

What does College Assistance Plus Recommend?

As there are many options available, we recommend applying to at least two lenders to determine your rate. Most often, choosing a private lender is a benefit if the interest rate is lower than the federal Parent Plus loan at 7.54% (the PPL also charges a .04% origination rate not found with private lenders). 

If you have any questions regarding paying your bill or student loans, please reach out via phone or email to our College Funding Specialist, Liane Crane. or 585-582-1846 ext 2



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