If you need to borrow more than that, one option is a federal direct PLUS Loan. PLUS loans areintended for the parentsof undergraduates (as well as for professional and graduate students). PLUS loans have higher limits—up to the full cost of attendance minus any other aid the student rece...
Applying for a Parent PLUS loan is a relatively straightforward process that, according to the Department of Education website, takes approximately 20 minutes to complete. Here are the steps to take to apply for a Parent PLUS loan: Determine your eligibility. Have your child complete the FAFSA....
Applying.The only way to get a federal student loan is to file the FAFSA and select an option from your financial aid award letter. Borrowers must submit the FAFSA by a certaindeadlinefor each year that they need help paying for college. However, you can apply for a private student loan ...
community college, college, graduate), your graduation year, your GPA, and your intended major. The answers to these all get saved to your profile, which we’ll use to match you to eligible scholarships.
PLUS loans:Originally short for Parent Loan for Undergraduate Students, this type of loan is available to graduate students, professional students and parents of undergraduates. PLUS loans have higher interest rates, and they require a credit check. Additional steps may be required for people with ...
While the maximum loan limits for federal financial aid have stayed constant for several years, the prices of tuition and other fees have not. So, while you should still fill out aFAFSAand get as much assistance from the government as possible, you probably also need to look into private st...
student loans often have fixed interest rates, flexible repayment options, and certain borrower protections, making them a popular choice for many students. The two main types of federal student loans are Stafford Loans (subsidized and unsubsidized) and PLUS Loans (for graduate students or parents)...
Department of Veterans Affairs Education and Training: Offers education benefits to veterans, service members and their families for college, graduate school, training and certification programs. EducationUSA: A U.S. Department of State network that provides current information about approved postsecondary...
Graduate student aggregate limit includes undergraduate loans Direct Parent PLUS loanUndergraduate students’ parentsCost of attendance at your child’s school, minus any financial assistance the child receivesYou can’t transfer this loan to your child and will be responsible for repaying the loan ...
While borrowers are responsible for paying interest on Direct Unsubsidized Loans during all periods, the option does boast a fixed interest rate (4.53% for the 2019-2020academic year). Both undergraduate and graduate students can take out Direct Unsubsidized Loans regardless of demonstrated financial...