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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".
Further, the White House announced an extension of the student loan repayment pause “one final time” — to Dec. 31, according to a White House fact sheet. Parent Plus and Grad Plus loans are ...
The student loan forgiveness application officially opened on Monday at ... Both undergraduate and graduate direct loans are eligible for cancelation along with Parent PLUS loans taken out by ...
Direct PLUS Loan: The direct PLUS loan is a federal loan that graduate or professional students and parents of undergraduate students can use to pay for their education. These loans can be used to help pay for education expenses not covered by financial aid. The Direct PLUS loan is not based on financial need, but credit is necessary.
Since most students borrow again each year, the ultimate payments are much higher. PLUS loans consider credit history, making it more difficult for low-income parents to qualify. Graduate students are eligible to receive PLUS loans in their own names. Graduate PLUS loans have the same interest rates and terms as those to parents.
The application period for student loan forgiveness will close on 31 December 2023. How to avoid student loan scams Getting a bunch of texts, emails and calls about student loan forgiveness?
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