Criminal Justice University

Posts Tagged ‘parents pay for college’

There are so many ways to pay for college it can sometimes be overwhelming. In some cases, though parents are in a bit of a pickle. Sometimes they make too much money for their children to qualify for federal aid and yet they don’t have the liquid funds available to pay for college for their kids. Accordingly, some private lending institutions have stepped in to help parents out with Parent Loans. We have ran into one company pretty frequently as it relates to this and their name is Graduate Leverage.

They have a federal education loan available to parents called the Parent PLUS loan.  This is an interesting type of loan that is funded by Graduate Leverage but guaranteed by the Federal Government and managed by the college that the loan is being used at.  Here are some quick bullet point from the Graduate Leverage site:

1. This loan is not based on financial need, but credit standards do apply.  You should have pretty decent credit in order to try for this type of loan.
2. You can get a quarter of a point off of the interest rate if you setup automatic payments directly from your bank account.
3. The amount of the loan you can get is only limited by the cost of the college less any other financial aid you are getting (making it possible for 100% of your college costs to be covered).
4. You can defer payments until the student graduates or leaves college for some other reason

We are not affiliated with Graduate Leverage at all and we are sure that there are several other loan options available to parents out there, but we wanted to make sure you have the ability to pay for your child’s education if that is the route you want to go (or need to go).

We must note that this is available for ALL accredited college degree programs and types.  This is not specific to people that are choosing to go into a criminal justice career.

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