|
Federal Parent
PLUS loans are available to parents to supplement their
dependent children’s financial aid package. The Parent
PLUS Loan interest rate – effective for loan funds disbursed
after July 1, 2006 – is 8.5 percent. Studentloans.com
offers valuable borrower benefits on federal
student loans, which can reduce this rate.
Each year, parents can borrow up
to the student’s cost of education, minus any other
financial aid received. Repayment of Federal Parent PLUS loans
begins within 60 days of full disbursement. Parent
PLUS borrowers can choose to defer repayment while the student
remains enrolled in school at least half-time.
Click here
to learn more information about Federal Parent PLUS Loans.
Parent
PLUS Application Procedure : A Supplementary
Step |
 |
In conjunction with the PLUS Loan application process –
either before or after applying – some schools may require
you to complete the FAFSA. This federal
financial aid form can be downloaded and submitted at www.fafsa.ed.gov.
Click here to learn more and complete Federal
Parent PLUS Loan Applications online.
|
