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In a parent PLUS loan, the parent can authorize the school to use the loan for other educationally related charges after tuition and room and board. [11] Direct Subsidized: A direct subsidized federal loan is for eligible students to cover costs at a four year institution, community college, or vocational school. Only students with demonstrated ...
Parent PLUS Loans: These are federal loans that parents of dependent undergraduate students can use to help pay for college or career school. Parents need to have a good credit history to qualify ...
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".
An education loan is a loan taken out by the student (or parent) to pay for educational expenses. Unlike scholarships and grants, this money must be repaid with interest. Educational loan options include federal student loans, federal parent loans, private loans, and consolidation loans.
Parent Plus loans -- also known as a Direct PLUS Loan -- are issued by the federal government and let parents of dependent students borrow funds to help pay for a student's college or career ...
For PLUS Loans, you might see specific titles, like “Parent PLUS Loans.” Older student loan names include Perkins, FFEL, and Stafford. Your credit report says so
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