Parents

Cost of Education
Financial Aid 101
PLUS Loans

Early completion of the FAFSA enhances your student's opportunity to receive a timely and complete financial aid package including grants, scholarships, work-study and loans.

Be cautious of services guaranteeing results and charging fees for information that is generally available at no cost.

Cost of Education
The cost of a college education has increased over the years. Tuition alone can range from $2,000 to $25,000. Tuition is just the beginning. Room and board can range between $5,000 and $8,000. Books and supplies can cost up to $1,000. You will also have to consider other expenses such as transportation, a computer and many more. The best way to find out your true cost of college is to contact the financial aid office of the college your son/daughter will be attending.

Financial Aid 101
Your income will affect the type and amount of financial aid your student qualifies for, but virtually everyone qualifies for some form of financial aid, since not all aid is need-based. If you have additional questions, please feel free to contact our Education Loan Department at 800-789-6765 or .

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PLUS Loans
(Parent Loans for Undergraduate Students)

How much can I borrow with a PLUS Loan?
The maximum amount that may be borrowed is the cost of attendance minus all other financial aid received by the student.

How do I qualify for a PLUS Loan?
A parent of a dependent undergraduate student who is enrolled full or half-time, must fill out a PLUS Loan application. The parent must undergo a credit check based on criteria set by the Department of Education and Associated Bank.

What is the interest rate for a PLUS Loan?
The interest rate for PLUS loans disbursed after June 30, 2006 is fixed at 8.5%. Interest accrues from the time of first disbursement. All federal education loan programs split disbursements by semester.

When do I have to repay my PLUS Loan?
Your repayment will start 60 days after the disbursement of the loan. A repayment schedule and coupon book is sent to you after the final disbursement. If you are having difficulty meeting monthly payments, contact Great Lakes at 800-236-4300. You may be eligible to suspend your payments through a deferment or forbearance.

How do I apply?
Stop by any of Associated Bank's convenient locations and pick up an application or contact our Education Loan Department at 800-789-6765 or .

How can I save on my PLUS Loan?

• Automatic Payment
  Borrowers receive an immediate 0.25% interest rate reduction for payments deducted electronically from a Associated Bank account.

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