• No fees
• Low fixed interest rates
• Multiple repayment options
• Interest rate reduction for Direct Debit

Through the PA Forward Student Loan Program, the Pennsylvania Higher Education Assistance Agency (PHEAA) offers private student loan options to enable Pennsylvania students to pursue their higher education dreams and to make managing their loans easier and more convenient. You can even borrow up to 100% of the certified cost of attendance (tuition, fees, room & board, books, etc.) up to the aggregate limit of $150,000.

The PA Forward Parent Loan is designed specifically for parents or guardians of students who are enrolled or who plan to be enrolled in a degree, certificate, or diploma granting program. For Parent Loans, the student must be enrolled half-time. These loans are meant for parents or guardians of:

• PA residents attending an approved school in or out of PA
• Students from an approved state (DE, MD, NJ, NY, OH, VA, and WV) attending an approved PA school
• U.S. citizens or eligible non-citizens of the U.S.
• Borrowers and/or co-signers who meet the minimum credit requirements

Qualifying for a PA Forward Parent Loan

PHEAA uses credit score, employment history, monthly debt payments, and income among other factors when considering whether or not to approve your application.

The Borrowing Process

Our objective is to make the borrowing process simple and straightforward. To apply for a PA Forward Parent Loan, you will want to have the following information available when you apply online:

• Name, address, and telephone number
• Date of birth and Social Security Number
• Email address
• Name and location of school your student attends or plans to attend
• Annual income
• Grade level and anticipated graduation date of the student
• Academic period for which you would like to receive the loan
• Co-signer’s name and email address (if applicable)
• Mobile phone to receive one-time passcode for electronic signature