Glossary Contact Us PLUS loans are federal loans that are insured by the government - so the interest rates are kept low. These loans are made to parents of undergraduate dependent students. You start paying back the loan 60 days after the money has been given to the college.
Some deferments are available.
Financial need isn't an issue in getting a PLUS loan, but credit guidelines will apply in determining eligibility. If you are concerned about your eligibility, consider a PLUS Loan Pre-Approval . You do have options for reducing your interest rate through SunTrust. For more details on PLUS loans, see our Federal Loan Comparison chart . Or, if you're ready to apply , you can download the PLUS loan application or call SunTrust to request an application kit.