The Master’s College - Prospective Undergrads

Parent PLUS Loans

PLUS Loan Fast Facts
Interest Rate
8.5% fixed
Fees
3% Origination Fee and
1% Federal Default (Guarantor) Fee
Amount
Up to the cost of attendance
Repayment
60 days after final disbursement*
* PLUS loans typically go into repayment 60 days after the final disbursement, however, the borrower has the option of postponing repayment until six months after the student either graduates or drops below six units.

The Parent PLUS Loan is available to parents of dependent undergraduate students. The student must be enrolled in at least six units and is limited to the cost of attendance. PLUS loans have a fixed interest rate of 8.5%, and the borrower must have no adverse credit history. Fees up to 4% will be deducted from the loan principal at the time of disbursement.
Follow these easy steps to complete your PLUS Loan application!

If you have any questions about student or parent loans, please call Donna Henderson at (800) 568-6248 x3396 or email at dhenderson@masters.edu.

  • CALCULATE THE NEED.
    Use our Online Calculator or call the Student Finance Center (x 3226) to determine the amount you need to borrow.
  • CHOOSE A LENDER.
    Click on the lender logos below to choose a lender (or contact the lender of your choice).
  • GET PRE-APPROVAL.
    Call or use one of the Loan Application links below for pre-approval with a lender. Approval is good for 6 months.
  • LET US KNOW.
    Once approved, fill out the 2009/2010 PLUS Loan Amount Request Form and fax or mail it to the TMC Financial Aid Office.
  • COMPLETE THE LOAN.
    Your lender will guide you through the completion of a Master Promissory Note (MPN) and any other forms needed. PLUS MPNs are valid for 10 years or upon change of school or lender.
Lender Side-by-Side Comparison Tool
TMC Code of Conduct

LenderLender CodeBorrower Benefits


(800) 788-3368		826878

  • 0.25% Interest Rate Reduction for borrowers who sign-up for our auto-debit payment program and agree to only receive electronic statements.
  • Borrow up to the full cost of education from a single source, less any other financial aid received.
  • Option to defer payments while your student is in school.

    Citibank Loan Application


(877) 728-3030		831312


(800) 891-1410*		 831453

  • Fast and easy online application with instant credit decision.
  • One point of contact and service for the life-of-the-loan.
  • 20 years of expertise concentrating solely on student loans.
  • Benefits guaranteed for the life-of-the-loan.
    Edamerica Loan Application


(800) 891-1410*		833669


(800) 891-1410*		802218
  • You may qualify for a 0.25% interest rate reduction when you make payments by automatic debit.
  • A streamlined PLUS application experience for parents, including an online endorser process to help applicants who are not approved on the basis of their own credit.
    Salle Mae Loan Application


(800) 658-3567 		807176

  • No payments while you're in school at least half time.
  • One place for all your financial needs.
  • Call our student loan representatives for personal assistance with your student loan questions.
    Wells Fargo Loan Application


Our recommended lenders have been selected based on financial stability, high customer service rating, service for the life of the loan, and borrower benefits.

* Loan application process handled by Sallie Mae.

    • Parent Plus Loans

    Apply Today! Click here to get started

    For questions or to apply via phone, call our admissions department at 800-568-6248 x3363.

    • 21726 Placerita Canyon Rd.
    • Santa Clarita, CA 91321
    • (800) 568-6248
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