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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".
These loans are issued directly to parents and the interest rate for Parent PLUS Loans first disbursed on or after July 1, 2023, and before July 1, 2024, is currently 8.05%, according to Sallie Mae.
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 ...
Continue reading → The post What Is a Parent PLUS Loan? appeared first on SmartAsset Blog. According to College Board, the average cost of a four-year private college has increased by more than ...
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...
For the 2021-2022 school year, the Parent Plus loan has a 6.28% interest rate plus an origination fee of 4.228%,” according to the website. Discover: Do’s and Don’ts of Dollar Store Shopping
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