AlaskAdvantage^TM PLUS Loan
(Parent Loans for Undergraduate Students)

The AlaskAdvantage PLUS Loan is federally guaranteed and available to parents of undergraduate, dependent students. Parents can borrow up to the school's cost of attendance less other financial aid received. The interest rate listed below is fixed*, but borrower benefits are variable and can change annually. 

• Low 6.75% interest rate after borrower benefits
• 3% origination fee
• No annual or lifetime loan limits

*Interest rates on loans issued prior to the 2006/2007 academic year vary according to the base rates set each year by the United States Department of Education. Click here for a chart of rates. All AlaskAdvantage Borrower Benefits apply to both new fixed rate loans and existing variable loans. Borrower benefits are subject to approval annually by the Alaska Student Loan Corporation.

Eligibility

• U.S. citizen or eligible non citizen
• Parents must meet required credit criteria
• Parent or student must be an Alaska resident or student must be attending an eligible school in Alaska
• Minimum loan amount is $200

How to Apply

You can apply online, download an application, or you can stop by our office in Anchorage or Juneau.  Remember:

1. Parents may only borrow up to the student's cost of attendance as certified by the school.
2. Discuss your financial aid options with the school. Many schools offer different financial aid programs. School financial aid experts will advise you regarding which aid should be applied for. The school may also have specific criteria and deadlines, and you may miss out if you apply without first discussing your options with the school.