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Parent Loans (Federal Parent Loans for Undergraduate Students PLUS loans)


Many students and their families feel they need additional funds or payment options.  If you are an undergraduate student and reported your parent’s income, your parent may be eligible to receive a Federal Parent Loan (PLUS).  Your parents may apply for a PLUS Loan to assist in paying the cost of college.  They could be eligible to receive up to your cost of attendance less any financial aid offered to you. 

You may obtain loans from the lender of your choice; however, the lender must participate in ELM Resources as Winthrop will utilize the services of ELM to process all PLUS Loans.

During the 2007-08 year more than 80% of Winthrop University parents who obtained PLUS Loans borrowed from the following sources:

 Agency  Percentage of borrowers Contact
SC Student Loan Corp  63.72%  www.scstudentloan.org
Sallie Mae  12.30%

www.salliemae.com

Wachovia   4.42% www.wachovia.com/students
CitiBank   2.21% www.studentloan.com

 

 

 

 

 
   

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