Get an average fee savings of $604* with a better alternative to the Federal Direct PLUS loan.
No application, origination or disbursement fees
A fixed rate as low as 6.64% APR1 with no origination fee—that’s lower than the Federal Direct PLUS Loan.
View interest rate and repayment examples.
Ways to save:
All together, you could lower your interest rate up to 0.50 percentage points2
Depending on education level, the borrowing limits vary. The lifetime aggregate amount of your Citizens One Student Loan for Parents plus federal and other private student loans cannot exceed:
|Total Private and Federal Student Loan Debt||Total Citizens One Student Loan Debt|
|Business and Law||$225,000||$180,000|
|Healthcare Professionals||$180,000 or $350,000 depending on degree3||$150,000 or $295,000 depending on degree3|
Minimum borrowing amount is $1,000.
Choose the repayment option that best meets your needs. We recommend that you pay off your balances as quickly as possible to reduce the overall cost of your loan.
Pay Immediately: Make principal and interest payments while the student is in school.
Choose the time period to repay your loan:
5 year term: Offers lowest rates and lowest total cost of borrowing.
10 year term: Offers lowest monthly payment
No matter which term you choose, you can always make additional payments without penalty. This lets you pay off your loan faster and saves you money.
We'll send your Student Loan for Parents funds directly to the school the student is attending.
To qualify for a Citizens One Student Loan for Parents4, you need to:
Fill out the fast, easy online Citizens One Student Loan for Parents application. You can even e-sign.
No. Private parent student loan borrowers DO NOT need to submit a FAFSA. Simply complete the online Citizens One Student Loan for Parents application to apply.
You may borrow up to the maximum qualified loan amount or the total cost of education, whichever is lower. The Citizens One Student Loan for Parents does have lifetime aggregate limits (including both federal and private loan debt) of:
Yes. Our Citizens One Student Loan for Parents can be used to help pay for your indirect costs while your child is enrolled in school. The maximum you can borrow each year is determined by your individual school through certification.
All you need to do is fill out the quick and easy online application. Before you apply, make sure you have the following items available so you can easily complete your application:
The Citizens One Student Loan for Parents has no origination, application, or disbursement fees.
We will need to see a reasonably strong credit history, which is derived from your credit score.
The Citizens One Student Loan for Parents is a credit-based loan which will be seen as an inquiry on the applicant’s credit report.
If you apply for a private student loan and are denied, it may be due to your credit history. Simply find a qualified co-signer and reapply.
There’s no prepayment penalty.
Our Student Lending Specialists are ready to help. Simply call 1-888-333-0256.