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 0.25 percentage point interest rate reduction for automatic debit payments.*
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 received by the student).
Convenient account access
Make payments, change your address, choose a repayment option, defer payments, and do more online with your Sallie Mae-serviced loans.
Simplified statements
Receive combined billing for all Nellie Mae private student loans and PLUS Loans you have serviced by Sallie Mae—even if they were taken for different students.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PROGRAMS AT ANY TIME WITHOUT NOTICE. APPLICANTS SHOULD CHECK THE SALLIE MAE WEBSITE CLOSE TO THEIR LOAN DISBURSEMENT DATE TO OBTAIN THE MOST UP-TO-DATE INFORMATION REGARDING LOAN PROGRAMS, INCLUDING BORROWER BENEFITS.
*Subject to the above, the auto-debit benefit is available on loans guaranteed 6/9/08–6/30/09. Assuming the loan is serviced by Sallie Mae, this benefit is available during active repayment for as long as the borrower's monthly payment is successfully deducted from his/her bank account. If the loan is not serviced by Sallie Mae, other restrictions may apply as determined by the U.S. Department of Education.
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.
