Federal Direct PLUS Loan Program
The Direct PLUS Loan program for parents enables parents to borrow funds to pay the education expense of each child who is a dependent undergraduate student enrolled at least half time.
Features include:
- 7.9% fixed interest rate
- A 4.204% origination fee (Subject to change by the U.S. Department of Education)
- Quick credit pre-approval
- Payments begin approximately 60 days after the second disbursement
- A 0.25% interest rate reduction when you pay via auto-debit during repayment
- Interest only payments available
- Tax deductible interest for many
- Can request postponement of payments until after your student graduates
- Questions? Contact the WLC Financial Aid Office
- phone: (414) 443-8856
fax: (414) 443-8540
e-mail: financial.aid@wlc.edu