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Education Loans for Parents and Families

Private Loan Options to the Parent PLUS Loan

College Family Loan

This loan is a national loan for parents, family members and others who wish to support their undergraduate and graduate students by taking out a loan in their own name.

Illinois College Family Loan

This private loan is for parents, family members and others who are Illinois residents and who want to support their undergraduate and graduate students, who are also Illinois residents attending an eligible Illinois college or university, by taking out a loan in their own name.


The College Family Loan programs are designed to supplement — not replace — other sources to fill funding gaps for students. Students and parents should work with financial aid professionals at their respective colleges and universities to explore and exhaust all sources of student financial aid before seeking other options.

Student loans should be used for education costs only. Remember that every dollar you borrow now must be repaid later with interest. Information about the suite of Partnership Loan products is provided upfront and in clear terms so students and families have a full picture of the loan before they begin the application process.