PLUS Versus Private Loans

There are many options available to cover the amount that is due after financial aid has been applied. The College’s tuition payment plan is available to spread out payments interest free for up to 12 months. Or, if additional funding is needed, a parent may choose to borrow a PLUS loan or a student can borrow a private loan (this is in addition to the direct federal loan that may already be awarded in the financial aid package).

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Comparison of PLUS Loan and Private Loan