With our competitive, fixed interest rates, you never need to worry about your interest rate going up!
4.87%–9.20% APR1
The interest rate you pay will be determined after you apply. It will be based upon your credit history and other factors, to include:
If approved, we will notify you of the rate you qualify for within the stated range.
Examples of rates and repayment terms
With our great interest rate reward, you could save a total of 0.25% off your fixed interest rate!
Save Time and Money with Direct Debit!
Direct Debit is a free service that sets up an electronic deduction from your checking or savings account each month. You will qualify for a 0.25% interest rate reduction upon Direct Debit approval.
Are you a Pennsylvania Commonwealth or PHEAA employee?
See if you qualify for an additional 0.25% interest rate reward.
Helping parents or guardians cover the costs of college is exactly why the PA Forward Student Loan Program was established.
Step One
Check your eligibility
Step Two
Create an account
Step Three
Tell us about yourself
Step Four
Submit your application
Helpful Tips
Here is what you need to have ready when filling out your application:
Visit frequently asked questions about PA Forward's Parent Loan.
See Questions
1 Annual Percentage Rate (APR) Calculations: The lowest APR is based on the following assumptions: a loan of $10,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan, monthly payments of $188.16 for a period of 60 months, a fixed periodic interest rate of 5.13% and total payments of $11,289.78. The borrower in this sample qualified for a 0.25% Direct Debit benefit for the entirety of the repayment period. This APR is an estimate and may differ from the actual rate received.
The highest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Interest Only Repayment Plan and a repayment term of 180 months, monthly payments of $76.92 for 46 months and monthly payments of $102.80 for the remainder of the repayment term, a fixed periodic interest rate of 9.23% and total payments of $22,042.06. The borrower in this sample did not qualify for any interest rate discounts.
These APRs are estimates and may differ from the actual rate received.
2 Repayment Terms (No interest rate discounts were applied to these examples.):
NOTE: Subject to aggregate loan limits.
The PA Forward Student Loan Program is a credit-based loan program. Applicants are subject to credit qualifications, completion of an application and credit agreement, and verification of application information. PHEAA uses applicants FICO scores to determine eligibility and interest rates. Higher credit scores may mean an applicant is offered a lower interest rate. PHEAA reserves the right to discontinue all programs or benefits without prior notice.
We have been helping students since 1963; and our mission has been to create affordable access to higher education for students and families.
Copyright © 2024 Pennsylvania Higher Education Assistance Agency (PHEAA).
1200 North 7th Street, Harrisburg, PA 17102 | NMLS# 1619466 (NMLS Consumer Access) | 1-844-PAFORWD