Why do colleges push the Parent PLUS loan above others

ARTCC
Thu, 09 Apr 2015 22:20:46 +0000

Thanks. Sallie Mae approved my D’s loan application with me as her cosigner. We received better terms from Sallie Mae than Wells Fargo although Wells Fargo’s variable rate is .25 percent lower. I like Sallie Mae’s Interest Rate payment option. With a much lower interest rate and no origination or disbursement fees, we will save a lot of money by not going with a Parent PLUS loan.