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Parent Plus loans -- also known as a Direct PLUS Loan -- are issued by the federal government and let parents of dependent students borrow funds to help pay for a student's college or career ...
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See If You Qualify for Public Service Loan Forgiveness. ... Consolidate Parent PLUS Loans. If your parents have taken out Parent PLUS loans to help you with college, consolidating them into a ...
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".
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 ...
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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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...
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