Student loans Federal unsubsidized loans Students who don't demonstrate need, or need to borrow more than the subsidized loan amount, can borrow these loans. Unlike subsidized loans, you're responsible for paying interest on the loan while in school. The College Board offers these loans through its CollegeCredit Loan Program. Learn more . This is the most popular loan for the parents of dependent undergraduate students.
Parents can borrow up to the cost of education minus any financial aid.
The interest rate is variable and is currently 8.99 percent with a cap of 9 percent. Repayment of both interest and principal begins 60 days after the money is paid to the college. Learn more . Many of these loans are available from banks. Learn more .