Federal Direct Parent Loan for Undergraduate Students (Plus)
This is a loan that allows parents of dependent students to borrow to help pay for educational expenses. Financial need is not considered; therefore, the program is open to almost any family (student and parents) who does not have an adverse credit history. The family can borrow up to the cost of education, less other aid received. The current interest rate is available at https://studentaid.ed.gov/about/announcements/interest-rate. Standard repayment begins 60 days after disbursement. Please contact the Financial Aid Office for more information.
Alternative Loans I Private Loans
Carl Sandburg College will certify alternative loans as requested. Students may search for alternative loans on the web. Provisions are different for each loan and students are encouraged to seek federal student aid grants and loans before alternative loans.