Parent Loan for Undergraduate Students is the official designation of this loan program available from banks and private lending institutions. Guaranteed by the federal government, PLUS loans can cover the entire cost of the student's education minus any financial aid. Ohio markets a supplemental loan program at a low interest rate for families and students. In addition to the loans offered by states and private lending institutions, most banks have education loans that are available at market rates. Often, colleges will offer an extended payment plan for slightly more than the payments due on a regular basis.
Some colleges offer an installment plan for paying expenses.
Colleges may be able to make changes to the SAR electronically, so students should take the corrected SAR to the financial aid office.