A Great Choice for Parents & Guardians
Are you a parent or guardian looking for financial assistance to support your student's education? If so, you may have come across the federal parent PLUS loan. While it may seem like a viable option, let us introduce you to another great choice, the Keystone Parent Loan.
Say hello to possibly greater savings with the Keystone Parent Loan compared to the federal parent PLUS loan! You'll keep more money in your pocket with lower starting rates of 5.02% to 11.18% APR1. The Keystone Parent Loan also has no origination fee unlike the federal parent PLUS loan, which charges 4.228% of the loan amount.
Keystone offers numerous benefits over the traditional federal parent PLUS loan, such as:
Keystone Parent Loan
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Federal Parent PLUS Loan
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Interest Rates | ||
Interest Rates |
5-YEAR TERM5.28%-10.73% (5.02%-10.69% APR)2 Effective as of 6/20/24 |
5-YEAR TERMNot available |
10-YEAR TERM6.48%-10.98% (6.22%-10.93% APR)3 Effective as of 6/20/24 |
10-YEAR TERM9.08% (APRs not available) 7/1/24-6/30/25 |
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15-YEAR TERM6.98%-11.23% (6.71%-11.18% APR)4 Effective as of 6/20/24 |
15-YEAR TERMNot available |
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Fees | ||
Fees | No origination or application fees | 4.228% origination fee |
Legal Guardian Eligibility | ||
Legal Guardian Eligibility | Eligibility for legal guardians | Legal guardians are not eligible to receive parent PLUS loans, even if they have had primary responsibility for raising the student. |
Choose Keystone Student Loans and pave the way for a brighter future for your student.
1 Annual Percentage Rate (APR) Calculations: The lowest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan, monthly payments of $188.85 for a period of 60 months, a fixed periodic interest rate of 5.28% and total payments of $11,330.99. The borrower in this sample qualified for a 0.25% Direct Debit benefit for the entirety of the repayment period. This APR is an estimate and may differ from the actual rate received.
The highest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Interest Only Repayment Plan and a repayment term of 180 months, monthly payments of $93.58 for 46 months and monthly payments of $115.11 for the remainder of the repayment term, a fixed periodic interest rate of 11.23% and total payments of $25,024.29. The borrower in this sample did not qualify for any interest rate discounts.
These APRs are estimates and may differ from the actual rate received.
2 APR Calculations: The lowest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan and a repayment term of 60 months, monthly payments of $188.85 a fixed periodic interest rate of 5.28%, and a total amount financed of $11,330.99. The borrower in this sample qualified for a 0.25% Direct Debit benefit for the entirety of the repayment period.
The highest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Interest Only Repayment Plan and a repayment term of 60 months, monthly payments of $89.42 for 46 months and monthly payments of $216.08 for the remainder of the repayment term, a fixed periodic interest rate of 10.73% and a total amount financed of $17,077.98. The borrower in this sample did not qualify for any interest rate discounts.
These APRs are estimates and may differ from the actual rates received.
3 APR Calculations: The lowest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan, monthly payments of $112.18 for a period of 120 months, a fixed periodic interest rate of 6.48% and a total amount financed of $13,461.48. The borrower in this sample qualified for a 0.25% Direct Debit benefit for the entirety of the repayment period.
The highest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Interest Only Repayment Plan and a repayment term of 120 months, monthly payments of $91.50 for 46 months and monthly payments of $137.64 for the remainder of the repayment term, a fixed periodic interest rate of 10.98% and a total amount financed of $20,725.42. The borrower in this sample did not qualify for any interest rate discounts.
These APRs are estimates and may differ from the actual rates received.
4 APR Calculations: The lowest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan, monthly payments of $88.38 for a period of 180 months, a fixed periodic interest rate of 6.98% and a total amount financed of $15,908.42. The borrower in this sample qualified for a 0.25% Direct Debit benefit for the entirety of the repayment period.
The highest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Interest Only Repayment Plan and a repayment term of 180 months, monthly payments of $93.58 for 46 months and monthly payments of $115.11 for the remainder of the repayment term, a fixed periodic interest rate of 11.23% and a total amount financed of $25,024.29. The borrower in this sample did not qualify for any interest rate discounts.
These APRs are estimates and may differ from the actual rates received.