Parent Loans

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There are many quality options for financing the family contribution. These options have a variety of benefits for families and should all be considered carefully so that you can choose a loan that best meets your needs. While there are alternative loans for students, we recommend parent options first.

Federal PLUS Loan funds can be borrowed either directly from the federal government or private lenders. The Federal Direct PLUS is fully processed and managed through Mount Holyoke College with an interest rate of 7.90%. PLUS Loans offered through outside lenders in the Federal Family Education Loan Program (FFELP) must be self-monitored by the family and hold an interest rate of 8.50%.