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Parents can use this application to: request a Direct PLUS Loan; change the amount of a Direct PLUS Loan you previously requested; authorize how the school may use your Direct PLUS Loan funds to pay for educational expenses; designate who the school pays any credit balance to; and
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Direct PLUS Loans are federal loans that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school. ... Important: Most schools require you to apply for a PLUS loan online, but some schools have different application processes. Check with your school before you apply.
Though your credit has been approved, all other must be met before your loan can be awarded.. Your school will tell you what loans, if any, you are eligible to receive. If you have questions regarding your loan eligibility, the next steps in the processing of your loan, when the loan will be disbursed (paid out), or no longer wish to receive the loan, contact your school''s financial aid office.
You can postpone your loan repayment if you meet current guidelines for an in-school, unemployment or financial hardship deferment. Your minimum monthly payment is $50. The maximum repayment term is 10-25 years, based on your total loan balance. Deferment Options for Parent PLUS Loans. Federal legislative action made important changes to PLUS ...
Apply for a Grad PLUS Loan to cover your education costs beyond your financial aid package. Learn about eligibility, interest rates, and repayment options.
The GradPLUS loan interest rate is a fixed rate of 8.5 percent, and some discounts on the rate may be available. With high approval rates and a low, fixed student loan interest rate, this federal loan option gives graduate students and professional students an alternative to private student loans.
Use the Direct PLUS Loan Application to: request a Direct PLUS Loan; change the amount of a Direct PLUS Loan you previously requested; and; authorize how the school may use your Direct PLUS Loan funds to pay for educational expenses. The information that you provide will be sent to the school that you select.
Apply for a Direct PLUS Loan to pay for tuition, fees, and housing and food (for on-campus students). You can also authorize the school to use funds to satisfy other educationally-related charges, request a deferment (for parents), or change the loan amount specified in a previously submitted PLUS Loan application.
on unsubsidized loans during all periods. 3. Direct PLUS Loans—For eligible parents of dependent students. Graduate and professional degree students also may receive Direct PLUS Loans. Interest is charged during all periods. 4. Direct Consolidation Loans —For eligible student and parent borrowers. A consolidation loan combines the borrower’s