Federal parent loans Federal parent loans are known as Parent PLUS Loans. To qualify, you must be the biological or adoptive parent of an undergraduate student, not have an adverse credit history and meet general eligibility criteria for federal student aid, according to theDepartment of Education....
Federal Perkins Loans Federal Perkins Loans are available at some, but not all, colleges. Eligibility is based on financial need, and each individual school determines how funds are to be allocated. Perkins loans may be given to both undergraduate and graduate students. There is no credit history...
Federal student loans are the most common type of student loan. There are four main types of federal student loans: subsidized, unsubsidized, parent loans, and consolidation loans. There are also private student loans, which generally have higher interest rates and stricter requirements. What Is t...
One option is to obtain it throughfederal or private student loans. Experts typically recommend exhausting federal student loan options first because they generally offer more favorable terms, protections and the potential for loan forgiveness. However, in some cases, private student loans can also...
The share of parents taking out federal parent PLUS loans to help cover the costs of their children's college education has also grown, other reports show. "We've really seen that in times of economic hardship, [families] are falling back on borrowing for college," said Jennifer Berg, ...
The federal government encourages you to purchase a home by allowing for the deduction of mortgage interest. Find out more about this deduction and how you can benefit from it.
Federal student loans are investments — not handoutsLiz Weston
Direct PLUS loans are federal student loans designed to bridge the financing gap when traditional federal loans won't cover the total cost of college. They are only available tograduate students(grad PLUS loans) andparents of dependent undergraduate students(parent PLUS loans). PLUS loans come with...
Federal funds are excess reserves that commercial banks deposit at regional Federal Reserve banks which can then be lent to other commercial banks.
(non-QM) loans don’t meet certain standards set by federal law, so they offer more lenient credit and income requirements. This might appeal to a borrower with unique circumstances, such as an inconsistent earnings, foreign income or declaration of bankruptcy, but these loans might also come ...