PA Forward Parent Loan: A Great Choice for Parents & Guardians
Are you a parent or guardian looking for financial assistance to support your student's education? If so, you may have come across the federal parent PLUS loan. While it may seem like a viable option, let us introduce you to another great choice, the PA Forward Parent Loan.
Say hello to possibly greater savings with the PA Forward Parent Loan compared to the federal parent PLUS loan! You'll keep more money in your pocket with lower starting rates of 3.50% to 10.56% APR†. The PA Forward Parent Loan also has no origination fee unlike the federal parent PLUS loan, which charges 4.228% of the loan amount.
PA Forward offers numerous benefits over the traditional federal parent PLUS loan, such as:
| INTEREST RATES: | PA FORWARD PARENT LOAN | FEDERAL PARENT PLUS LOAN |
|---|---|---|
| 5-YEAR TERM 3.75%-9.35% (3.50%-9.32% APR†) Effective as of 12/13/24 |
5-YEAR TERM Not Available |
|
| 10-YEAR TERM 5.60%-9.85% (5.34%-9.81% APR†) Effective 12/13/24 |
10-YEAR TERM 9.08% (APRs not available) 7/1/24-6/30/25 |
|
| 15-YEAR TERM 6.35%-10.60% (6.09%-10.56% APR†) Effective 12/13/24 |
15-YEAR TERM Not available |
|
| FEES: | No origination or application fees | 4.228% origination fee |
| LEGAL GUARDIAN ELIGIBILITY: | Eligibility for legal guardians | Legal guardians are not eligible to receive parent PLUS loans, even if they have had primary responsibility for raising the student. |
Choose PA Forward and pave the way for a brighter future for your student.
† Select the symbol within this page to view our student loan lending disclosures.