Federal PLUS Loan (education loans for graduate students and parents) Perkins Loan Parent PLUS Loan Grad PLUS Loan Grants Work-Study Programs Receiving Your Federal Loan Generally, you will receive your loan money in at least two payments called disbursements, and in most cases, at least once pe...
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 a...
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 is ...
regardless of financial need. Unlike subsidized loans, interest begins accruing on unsubsidized loans as soon as they are disbursed, which means you’ll be responsible for paying the interest. However, you have the option to defer the interest payments until after you graduate. ...
Direct Grad PLUS loanGraduate or professional studentsCost of attendance at your school, minus financial assistance from other sourcesA credit check is required Direct Consolidation loanEligible federal student loan borrowersBalance of combined student loansMost federal student loans are eligible, but the ...
:If possible, consider having your child take outDirect Subsidized or Direct Unsubsidized student loans. These loans have lower interest rates than Parent PLUS loans, don’t have to be repaid while the student is in school, and can be put on income-based repayment plans after they graduate....
How to apply for student loan deferment You have to qualify for deferment. There are several circumstances that might qualify you, including: If you’re undergoing cancer treatment If you’re experiencing economic hardship If you’re participating in a graduate fellowship ...
Please note:There is no top-up facility available for postgraduate loans. Lending criteria, terms and conditions apply. I have a Bank of Ireland loan. Can I top up my loan? If you have an existing Bank of Ireland loan, you may be able to apply for a top-up loan. ...
Graduated Repayment Period6 - The Smart Option Student Loan is the only nationwide private student loan offering a Graduated Repayment Period feature7, providing budget flexibility for graduating students. Students who graduate and maintain their Sallie Mae loans in good standing can request to make 12...
Or you could defer payments until after you graduate, with a slightly higher interest rate and payments of $126 to $174 per month. There are a lot of options available, and private student loans from Citizens Bank offers quite a few great borrower benefits, if you can plan and make ...