Parent Loans
Many parents choose alternative loans to help supplement other forms of financial assistance. These loans are available to any interested parent, and approval is based on credit history.
PLUS Loans have an 8.5 percent fixed interest rate, and the loan may carry up to 3 percent in fees. Parents have up to 10 years to repay the loan.
For more information, contact UD's Office of Financial Aid at 800-427-5029 or finaid@udayton.edu.
Although the University of Dayton has provided these options for your convenience and because we believe in their value, you are free to select a lender of your choice.
Parent Loan for Undergraduate Students
The Parent Loan for Undergraduate Students (PLUS) is specifically for parents, allowing them to borrow up to the total cost of education, minus any other aid received. All creditworthy parents or guardians of dependent students are eligible — the loan is not based on financial need.PLUS Loans have an 8.5 percent fixed interest rate, and the loan may carry up to 3 percent in fees. Parents have up to 10 years to repay the loan.
For more information, contact UD's Office of Financial Aid at 800-427-5029 or finaid@udayton.edu.
Privately Sponsored Loans
In addition to the federal PLUS Loan, privately sponsored loans for parents are available to help meet educational expenses. Home equity loans for education are often used for educational expenses because of the tax advantages associated with these loans. Contact your local lender to discuss their programs.Although the University of Dayton has provided these options for your convenience and because we believe in their value, you are free to select a lender of your choice.
