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  2. PLUS Loan - Wikipedia

    en.wikipedia.org/wiki/PLUS_Loan

    A PLUS Loan is a student loan, which is part of the Federal Direct Student Loan Program, offered to parents of students enrolled at least half time, or graduate and professional students, at participating and eligible post-secondary institutions. The original, now obsolete, meaning of the acronym was "Parent Loan for Undergraduate Students".

  3. Federal Direct Student Loan Program - Wikipedia

    en.wikipedia.org/wiki/Federal_Direct_Student...

    Direct PLUS Loan: The direct PLUS loan is a federal loan that graduate or professional students and parents of undergraduate students can use to pay for their education. These loans can be used to help pay for education expenses not covered by financial aid. The Direct PLUS loan is not based on financial need, but credit is necessary.

  4. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    Loan documents reflect the repayment schedule for a single year. Since most students borrow again each year, the ultimate payments are much higher. PLUS loans consider credit history, making it more difficult for low-income parents to qualify. Graduate students are eligible to receive PLUS loans in their own names.

  5. Student Loans: Here’s How You Can Transfer a Parent Plus Loan ...

    www.aol.com/student-loans-transfer-parent-plus...

    These loans are issued directly to parents and the interest rate for Parent PLUS Loans first disbursed on or after July 1, 2023, and before July 1, 2024, is currently 8.05%, according to Sallie Mae.

  6. Federal vs. private student loans: What’s the difference? - AOL

    www.aol.com/finance/federal-vs-private-student...

    Direct PLUS Loans: PLUS Loans are offered to graduate students and parents of dependent undergraduate students, and they’re the only type that doesn’t have a dollar-amount cap on how much you ...

  7. Federal Student Aid - Wikipedia

    en.wikipedia.org/wiki/Federal_Student_Aid

    All new Stafford, PLUS, and consolidation loans are now administered through the Direct Loan Program. Campus-Based Aid includes types of aid that schools are responsible for administering on behalf of the federal government. Federal Perkins Loans are low-interest loans made through a school’s financial aid office using federal funds ...

  8. Parent Plus Loans: How Much Debt Are Parents in and Can ... - AOL

    www.aol.com/news/parent-plus-loans-much-debt...

    The parents of dependent undergraduates can use a Direct PLUS Loan, commonly referred to as a Parent PLUS loan, to borrow up to the cost of the student's attendance each year with no limit on the...

  9. Student financial aid in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_financial_aid_in...

    Parent loans allow parents to take out student loans, the repayment of which will be their responsibility. The parents use these loans to pay for educational expenses on behalf of the student. For undergraduate students, there is the parent loan for undergraduate students or PLUS Loan. This loan allows parents to borrow up to the total cost of ...

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