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PLUS STUDENT LOANS
PLUS student loans, Parental Loans for Undergraduate Students, are available through both the Stafford student loan program and the Direct (William G. Ford) student loan program.
Parent student loans are designed to fill the gap between the expected family contribution and what the family actually has to contribute.
PLUS loans are never subsidized. This means that when the loan is in deferment, the interest accrues and is capitalized. Of course, like other student loans, the parent student loans carry a slightly lower interest rate during deferment than during repayment or forbearance.
PLUS loans qualify for the same five years of qualified deferment and up to five years of forbearance as Stafford student loans or Direct student loans. However, parent student loans do not qualify for in-school deferment unless the parent/borrower is a student enrolled at least half time in an accredited school.
For more detailed information regarding PLUS loans, read “Surviving Your Student Loans”.
PLUS Student Loans:
Student Loan Topics:
Master Promissory Note, Student Loan Deferment, Student Loan Forbearance, Student Loan Consolidation, Student Loan Discharge, Student Loan Grace Period, Subsidized
Student Loans, Unsubsidized Student Loans, Stafford Student
Loans, Perkins Student Loans, Direct Student Loans, PLUS
Student Loans, William G. Ford Student Loans, Student
Loan Delinquency, Student Loan Default, Student Loan Payment
Options, Student Loan Case Studies, Student Loan Management,Additional Reading Relating To Student Loans, How Do I Get A
Student Loan, How Do I Confirm the Status of my Student Loans, Why
Do I Owe Twice As Much As I Borrowed On My Student Loans, Pending
Changes Affecting Student Loans, Bankruptcy and Student Loans, Student Loans And Your Credit Report, Student Loans, Gifts.
