Where can students get a better interest rate than Parents PLUS?

Parent Cafe
1

<p>We may have to avail loans in excess of federal stafford loans in 2012. The current rate of Parents PLUS loan is 7.9% fixed + 4% origination fee. Considering parent has very good credit history and score and is willing to co-sign, how and where can a student get a lower rate loan? Any input is appreciated.</p>

<p>Thanks</p>

<p>ETA: I didn't realize I was posting this in parents forum. Will post in Financial Aid forum.</p>

2

<p>In the loan industry (banking): “You can have any interest rate you want, But I get to dictate the terms.”</p>

<p>The terms on a PLUS is far better than anything you can get elsewhere.</p>