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Sponsor Loans

A Sponsor loan allows a parent or other creditworthy person to borrow on behalf of a student and take full responsiblity for the loan.

The greatest advantage of a sponsor loan is that the loan is in the name of the sponsor borrower only. The student does NOT sign on the loan, similar to a PLUS loan. This means that the total debt of the student would not include the amount of the sponsor loan.

A sponsor loan would be an option for a parent who is willing to accept a variable interest rate on a private loan over a fixed rate on a Federal PLUS loan.

A sponsor loan would be an option for a person other than a parent to borrow on behalf of a student. The borrower can be anyone other than the student.

Click on the sponsor loans to the bottom to review and compare their features and benefits.

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