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Parent PLUS loans are a type of federal student loan that are also eligible for discharge due to death. Because these are loans taken out in the parents’ name for the benefit of a child, they ...
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".
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...
Some private student loan companies forgive loans if the student dies. Check with your loan servicer if you are unsure. Student loans are unsecured debt, which means that if your estate cannot pay ...
If you're thinking about your own loved ones while you're still alive, you're ahead of the game. Learn more about what you can do to prepare.
This rate is fixed for the life of the loan, and is currently lower than the 8.78 percent average rate for home equity loans. But consider that Parent PLUS loans come with a loan fee of 4.228 ...
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In these cases, colleges may offer parents a federal Parent PLUS loan. This is a loan made to the parent of a qualifying student. With college tuition rising each year, finding the funds to cover ...
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