Making College Affordable - Private College Financial Aid

Type of Plan	Information
Budget Payment Plan	• Parents can pay fees for tuition, room, and board in 10 monthly installments, interest free.
Guaranteed Tuition Plan	• Parents can lock in the current tuition rate for the full four years if they pay for four years' tuition at the beginning of the first year. With secured loans, interest may be tax deductible.
PLUS (Parent Loan)	• Parents can also borrow funds from the Department of Education at a low variable interest rate. Payments start after classes begin, and parents can take up to 10 years to repay the loan. Parents can borrow the difference between the total financial aid package and the cost of education (including books and transportation).