Getting money to your student Commerce offers solutions to help get funds to your student when needed.
Parental Automatic Cash from Home – A FREE and convenient way to transfer funds to a Student Checking account from any bank account in the U.S. You choose the amount and we’ll transfer the funds on the 1st or the 15th of the month (or both). It’s a great way to manage a college budget using Student Checking. Call the PSU Branch to request an authorization form. (620) 235-6378
Wire Transfers – Contact your local bank to arrange a wire transfer to a Student Checking account. Call 1-800-453-2265 for more information about our wire transfers.
Financial Aid Solutions
Parent PLUS Loans
Parent PLUS Loans (Parent Loans for Undergraduate Students) are Federal Loans that can cover up to the total cost of your dependent child's undergraduate education minus the amount of other aid received.
Example:
Total Cost of Attendance
$20,000
Financial Aid Received
- $3,000
PLUS Loan Eligibility
= $17,000
Regardless of financial need, any parent of an undergraduate student can apply. It's simple to qualify (subject to credit approval), easy to apply and very affordable.
Low interest rates
Covers up to 100% of education cost
Flexible repayment terms (no prepayment penalties)
Interest paid may qualify for a tax deduction (consult a tax advisor)
