A Great Choice for Parents & Guardians

Are you a parent or guardian looking for financial assistance to support your student’s education? If so, you may have come across the federal parent PLUS loan. Let us introduce you to another great choice: the OK HELP Parent Loan.

Say hello to the possibility of greater savings. With the OK HELP Parent Loan, you’ll keep more money in your pocket compared to the Direct PLUS Loan for parents! That’s because we offer lower starting rates of 4.01% to 9.59 APR1. The OK HELP Parent Loan also has no origination fee—unlike the parent PLUS loan, which charges 4.22% of the loan amount.

OK HELP offers additional benefits over the traditional PLUS loan, such as:

OK HELP Parent Loan Compare Table
OK HELP Parent Loan
Federal PLUS Loan
Interest Rates
Interest Rates
5-YEAR TERM

Not available

10-YEAR TERM

9.08% (APRs not available)

7/1/24-6/30/25
15-YEAR TERM

Not available

Origination Fee 4.22% 10/1/24-9/30/25
Repayment Options Multiple
Standard Repayment Terms 10 Years
Borrow up to Cost of Attendance4
Loans Disbursed to School
No Pre-payment Penalty
Legal Guardian Eligibility
Legal Guardian Eligibility Legal guardians are not eligible to receive parent PLUS loans, even if they have had primary responsibility for raising the student.
Additional information about Federal Parent PLUS Loans is available at StudentAid.gov.

Choose OK HELP and pave the way to a brighter future for your student.

1 Annual Percentage Rate (APR) Calculations: The lowest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan, monthly payments of $184.26 for a period of 60 months, a fixed periodic interest rate of 4.27% and total payments of $11,055.33. The borrower in this sample qualified for a 0.25% Direct Debit benefit for the entirety of the repayment period. This APR is an estimate and may differ from the actual rate received.

The highest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Interest Only Repayment Plan and a repayment term of 180 months, monthly payments of $80.25 for 46 months and monthly payments of $105.21 for the remainder of the repayment term, a fixed periodic interest rate of 9.63% and total payments of $22,629.00. The borrower in this sample did not qualify for any interest rate discounts.

These APRs are estimates and may differ from the actual rate received.

2Annual Percentage Rate (APR) Calculations: The lowest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan and a repayment term of 60 months, monthly payments of $184.26 a fixed periodic interest rate of 4.27%, and a total amount financed of $11,055.33. The borrower in this sample qualified for a 0.25% Direct Debit benefit for the entirety of the repayment period.

The highest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Interest Only Repayment Plan and a repayment term of 60 months, monthly payments of $71.92 for 46 months and monthly payments of $205.79 for the remainder of the repayment term, a fixed periodic interest rate of 8.63% and a total amount financed of $15,655.71. The borrower in this sample did not qualify for any interest rate discounts.

These APRs are estimates and may differ from the actual rates received.

3Annual Percentage Rate (APR) Calculations: The lowest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan, monthly payments of $108.67 for a period of 120 months, a fixed periodic interest rate of 5.78% and a total amount financed of $13,041.00. The borrower in this sample qualified for a 0.25% Direct Debit benefit for the entirety of the repayment period.

The highest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Interest Only Repayment Plan and a repayment term of 120 months, monthly payments of $76.08 for 46 months and monthly payments of $127.38 for the remainder of the repayment term, a fixed periodic interest rate of 9.13% and a total amount financed of $18,785.48. The borrower in this sample did not qualify for any interest rate discounts.

These APRs are estimates and may differ from the actual rates received.

4 Annual Percentage Rate (APR) Calculations: The lowest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Immediate Repayment Plan, monthly payments of $84.55 for a period of 180 months, a fixed periodic interest rate of 6.28% and a total amount financed of $15,218.61. The borrower in this sample qualified for a 0.25% Direct Debit benefit for the entirety of the repayment period.

The highest APR is based on the following assumptions: A loan of $10,000 made in a single disbursement, a borrower who selected an Interest Only Repayment Plan and a repayment term of 180 months, monthly payments of $80.25 for 46 months and monthly payments of $105.21 for the remainder of the repayment term, a fixed periodic interest rate of 9.63% and a total amount financed of $22,629.00. The borrower in this sample did not qualify for any interest rate discounts.

These APRs are estimates and may differ from the actual rates received.

5Subject to aggregate loan limits.

6Repayment Terms: (No interest rate discounts were applied to these examples.)

  • A borrower of a $10,000 loan who selects a 5-year (60 months) repayment term may receive an APR between 4.26% and 8.60%, monthly principal and interest payments between $185.39 and $205.79, and a total amount repaid between $11,123.17 and $15,655.71.

  • A borrower of a $10,000 loan who selects a 10-year (120 months) repayment term may receive an APR between 5.77% and 9.10%, monthly principal and interest payments between $109.92 and $127.38, and a total amount repaid between $13,190.27 and $18,785.48.

  • A borrower of a $10,000 loan who selects a 15-year (180 months) repayment term may receive an APR between 6.26% and 9.59%, monthly principal and interest payments between $85.91 and $105.21, and a total amount repaid between $15,463.06 and $22,629.00.

Applicants are subject to credit qualifications, completion of an application and credit agreement, and verification of application information. OSLA uses applicants FICO scores to determine eligibility and interest rates. Higher credit scores may mean an applicant is offered a lower interest rate.

NOTE: Subject to aggregate loan limits.

OK HELP is a credit-based loan program.

OSLA reserves the right to discontinue all programs or benefits without prior notice.