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Home - Student Loan - Student Payback - Getting Started
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• Make a list of potential lenders and ask each of them for a loan.
• If one or more of them is willing, discuss the role of Virgin Money and come to a rough agreement on the loan amount and terms.
• Test run your loan, to see how different terms will affect the repayment schedule.
• Give us a call at 1.800.805.2472 with any questions.
• Taken care of all that? Select the full or single-use Student Payback option, and Set It Up Now.
Features & Pricing |
Do you want to help a student pay for school? But don’t have the money available to give them a loan directly? Here's a thought. Take out a loan to pay the school bills, and ask him or her to pay you back--using the Virgin Money Student Payback.
You can use whatever loan you feel most comfortable with, but we recommend you look into the federally-secured PLUS loan (parent loan for undergraduate students). It has a low interest rate and with a PLUS loan, parents can borrow up to the cost of school attendance (minus any other financial aid received).
Parents are eligible for a PLUS Loan if their child is a dependent undergraduate student, enrolled at least half time in an eligible program at an eligible school. To find out about applying for a PLUS loan, visit studentaid.ed.gov.
You can call us at 1.800.805.2472 if you have any questions. We’d be happy to help.
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No problem. Our basics section has all the information you need to get the ball rolling. If you're still confused, you can always call us.
No such thing as a silly question.
800.805.2472
Monday through Friday, 9am - 7pm ET |
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