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KeystonePLUS Loans

Plus loans are loans that parents can take out to cover the costs of education that remains unpaid by grants, scholarships and Stafford loans.

Who Pays:

  • The parent repays the loan.

Interest Rates:

  • The current fixed rate is 8.5% for loans paid out on/after July 1, 2006, and is adjusted each July 1st.
  • Get an immediate .25% interest rate reduction for automatic direct debit payments with participating lender.
  • Will never exceed 9.0%.
  • Interest payments can be tax deductible.

Annual Loan Limits:

  • Borrow the difference between your child’s cost of attendance and financial aid award - up to 100% of total costs.
  • Use loan funds for all associated costs – including tuition, room and board, books, transportation, computer, etc.

Rebates:

  • Receive a .5% rebate of the loan amount after the first 12 on-time monthly payments.

How to Apply

Apply Now: www.aessuccess.org

Call: 1-800-692-7392

Use our Lender Code: 834156

  • No income requirements
  • Poor credit? May still qualify with credit-ready endorser
  • More information

AES

American Education Services is a division of PHEAA, which has grown from a small student loan guarantor with a volume of only 4,600 student loans in 1964, to one of the largest, full-service financial aid organizations in the nation.

 

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