The College Board advantage: Loans offered through a not-for-profit education organization you trust. *Reinvestment of loan proceeds into educational programs. *Quick credit approval for PLUS and preliminary approval for private loans generally within minutes. *Quality customer service when you need it most, from application through the end of repayment. *Repayment plans designed to make your repayment as smooth as possible, as well as deferment options for undergraduate students and parentsToday, loans are the largest form of student aid, making up 54 percent of the total aid awarded each year. Most students can expect to receive a loan as part of a financial aid package. There are two broad categories of loans, loans based on financial need and loans not based on financial need.The College Board advantage: *Loans offered through a not-for-profit education organization you trust *Reinvestment of loan proceeds into educational programs *Quick credit approval for PLUS and preliminary approval for private loans generally within minutes *Quality customer service when you need it most, from application through the end of repayment*Repayment plans designed to make your repayment as smooth as possible, as well as deferment options for undergraduate students and parentsThe College Board advantage: Loans offered through a not-for-profit education organization you trust. *Reinvestment of loan proceeds into educational programs. *Quick credit approval for PLUS and preliminary approval for private loans generally within minutes. *Quality customer service when you need it most, from application through the end of repayment. *Repayment plans designed to make your repayment as smooth as possible, as well as deferment options for undergraduate students and parents