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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".
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 ...
How To Deal With Student Loans As a Financially Struggling Parent. Refinance by taking out a new loan with more favorable terms, or, if your parent loan allows repayment before interest kicks in ...
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.
If you’ve decided to take out loans to pay for your child’s schooling, you’ve likely heard about parent PLUS loans, a popular option for parent student loans. Basically, parent PLUS loans ...
Federal parent loans are a federally funded loan option if the student is dependent on his or her parents. Parent loans allow parents to take out student loans, the repayment of which will be their responsibility. The parents use these loans to pay for educational expenses on behalf of the student. For undergraduate students, there is the ...
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