For parents or legal guardians of dependent undergraduate students and students attending graduate school.

• No debt-to-income ratio guidelines or employment verification requirements.
  
• 3% origination fee.
  
• 1% default (guarantee) fee.
  
• 7.5% fixed interest rate, set by the federal government is 8.5% effective July 1, 2006.
  
• Effective July 1, 2006, the fixed rate for all PLUS loans as set by the federal government, is 8.50%.
  
• 1.00% interest rate reduction immediately at first disbursement.
  
• In school PLUS Loan fixed rate is 7.5%
  
• PLUS loan borrowers maybe eligible to receive a discount rate of 7.25%
  
• 0.25% interest rate reduction for automatic payment deductions.
  
• Effective July 1, 2006-June 30, 2007 the variable rates for existing loans (taken prior to July 1, 2006) are 7.94%.
• Maximum amount borrowed cannot exceed Cost of Education.
  
• Borrowers may be eligible for an extended repayment term of up to 25 years.
  
• Lender: IEFC - Citizen's Bank
  
• Lender Code: 826861