Wachovia
Parent PLUS Loan

Cost Index 137 What is the Cost Index?

Student Loan Description The Federal Parent PLUS Loan is an affordable, low-interest loan designed for parents of undergraduate students. The Parent PLUS Loan can be used to cover up to 100 percent of your child's total cost of education, minus other financial aid awarded to the student. This total amount can include tuition, books, food, housing, transportation, and more.

Student Loan Overview Type PLUS Cost Index 137 Amount Received $10,000 Change Amount Interest Rate 8.5%		Payment Details In-School / Grace Interest Payments — Monthly Payment $135 # of Payments 118 Final Payment $2 Total Paid $15,902
Borrower Benefits Auto-Debit Interest Rate Reduction of 0.25%
Additional Information
Minimum Payment $50 Repayment Fee — Application Fee — Origination Fee 3% Deducted from Disbursement Federal Default Fee 1% Deducted from Disbursement In-school Period — Grace Period 6 months Pay Interest During In-School and Grace Periods Change Subsidized Change Interest Capitalizes before repayment —		24/7 Application Processing Benefits Lost if Loan Sold Co-signer Required Never Online Application Benefit Recovery Clause

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