To apply for this loan, you must be a citizen of the US, a permanent resident, or an eligible non-citizen. Parents whose children are independent are not eligible for this loan. You also have to go through a credit check before you can be termed eligible.

It is a loan with flexible repayment option with no penalty on prepayment. Round the clock online management of your account is also available from most loan providers to add to your convenience. Yet another flexible feature of this loan is that it is fine to submit a loan application applied through creditworthy endorsers. This is done when you don’t have a good credit history. The endorser must a holder of US citizenship, a permanent resident or an eligible non-citizen.

There is no specified loan limit. However, it is good enough to cover the full financial cost of your child’s education. The interest rates of federal parent PLUS loan for international students are fixed. In many cases, this loan generally carries a default fee of 1 percent that is compulsory.

The repayment can be done through many available options and begins within 60 days after the final disbursement of the loan. The standard repayment option which has the lowest interest rates is - making both principal and interest payments every month up to a period of 10 years. The next option is graduated repayment in which the payment is low initially and is increased gradually.

If you want to get more details on various types of student loans, you navigate to the student loans directory on the site map. You can also apply for student loans through this portal.