Recommended Options:

Parents can help their student children in several ways. You can borrow money against your own name or co-sign for a private student loan that your student will be obligated to repay after they graduate.

1. Parent PLUS Loans:
   you can borrow up to the cost of attendance minus any financial aid received by the student. PLUS loans are subject to credit approval: jump to parent PLUS loan information
   
   
   
   
2. Home Equity Financing:
   if you have substantial equity value in your home, you might consider using a home equity line to help pay college expenses: jump to home equity information
   
   
   
   
3. The Banker Home Equity Line of Credit (BLOC):
   same as home equity loans except that you use the credit line as your money account. You must have working income for the program to work: view the BLOC product demo
   
   
   
   
4. Private Student Loans:
   if your students needs additional funds that are not subject to federal regulations, check into private student loans.
   
   By co-signing the note, the student can borrow up to $45,000 each academic year: see loan limits
   
   Undergraduates may defer repayment until six months after graduation or ceasing to be enrolled at least half-time. Immediate and interest only repayment options are also available: jump to private student loan information

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