Why choose a Nellie Mae ParentPLUS Loan? Choose it for the convenient services and valuable borrower benefits!Money savings
After your student has applied for grants and scholarships that don’t have to be repaid and explores a low-cost Stafford Loan, consider an economical ParentPLUS Loan to help cover the costs of college. With Nellie Mae as your PLUS lender, you can earn a 0.70 percentage point interest rate reduction for automatic debit.*
Easy and fast application
Complete our simple online application and you can get an instant credit decision on a loan amount up to the cost of attendance (minus other aid receoved by the student).
Convenient account access
Make payments, change your address, choose a repayment option, defer payments, and do more online with Manage Your Loans.
Simplified statements
Receive combined billing for all Nellie Mae private student loans and PLUS Loans you have—even if they were taken for different students.
*Benefit is available on loans first disbursed 2/1/08–6/30/09 to parents of students attending four-year not-for-profit public and private colleges and serviced by Sallie Mae throughout repayment. Terms and conditions apply. A 0.70 percentage point interest rate reduction for paying by automatic debit is available during active repayment for as long as the borrower’s monthly payment is successfully deducted from his/her bank account.
Sallie Mae reserves the right to modify or discontinue loan programs at any time without notice.
How will you pay for your child's education? Download Financing Your Child's Future (PDF, 1.16MB) for parents of college or college-bound students.
