Discover Federal PLUS Loans (for Parents)
Federal PLUS loans help supplement other sources of financial aid, to cover 100% of your student's
college expenses. Discover Federal PLUS Loans have a low, fixed interest rate of 8.25% and an additional
0.25% repayment interest rate reduction when payments are set up for automatic debit from a bank account.
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Borrowers are encouraged to consider federal loans, which may be less expensive, before applying for a private loan.