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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".
Here's what college students and parents need to know about the new FAFSA. ... Go to the FAFSA website, www.studentaid.gov, to make an account.
Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government, student loan lenders and others. EFC and FAFSA might ...
You may have to fill out information for only one parent.
Applicants complete the FAFSA by providing their demographic and financial information and, in many cases, the demographic and financial information of their parents/guardians. In addition to this demographic and financial information, applicants can list up to ten schools to receive the results of the application once it is processed.
The FFELP offers four types of loans: the subsidized Federal Stafford Loans, unsubsidized Federal Stafford loans, the Federal PLUS Loan for graduate students and for parents of dependent undergraduate students, and consolidation loans. [3] The main federal student loan is the Stafford Loan. There are two types of Stafford loans: Subsidized.
For students from families with mixed immigration statuses, a new process would temporarily allow them to immediately access and complete the FAFSA and create a StudentAid.gov account.
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 ...