Thursday, October 5, 2017
Pacific University has been ranked as one of the nation's top colleges and universities for helping parents financially support their student's education.
The Student Loan Report named the top 250 colleges and universities, based on institutions' voluntary reporting of average Parent PLUS loan debt per undergraduate student in 2015-2016.
Pacific comes in at No. 173rd overall among reporting institutions, second among those based in Oregon and third among colleges and universities based in Oregon, Washington and Idaho.
“Student debt is one of the biggest financial issues in our country,” Student Loan Report founder Drew Cloud said. “Being able to help students and parents who lack the ability to fully understand the long term consequences of this debt is an extremely important part of any school.”
The Parent PLUS Loan is a federal student loan available to the parents of dependent undergraduate students. The Parent PLUS Loan offers a fixed 7.0% interest rate for the 2017-2018 school year and flexible loan limits. Parents of dependent undergraduate students borrow the Parent PLUS Loan to help their children pay for college or career school.