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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 ...
The repayment schedule for Direct PLUS Loans disbursed on or after July 1, 2008 is the same as the schedule for Stafford loans. [1] [2] However, for Direct PLUS Loans first disbursed before July 1, 2008, the repayment period begins at the time the PLUS loan is fully disbursed, and the first payment is due within 60 days after the final ...
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 ...
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...
Refinance by taking out a new loan with more favorable terms, or, if your parent loan allows repayment before interest kicks in, do what you can to pay the original loan off as quickly as possible.
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