A Parent PLUS loan is a federal student loan taken out by the parents of dependent undergraduate students. Independent or graduate and professional students can borrow Grad PLUS loans. Since it's a federal loan, parents and dependent students must complete the Free Application for Federal Student ...
PLUS Loan A PLUS loan is offered to graduate & professional students and the parents of dependent undergraduates. While eligibility isn’t based on financial need, a credit check is required, and borrowers with an adverse credit history won’t be eligible without meeting other criteria.1The max...
Most federal student loans qualify for a graduated repayment plan. Consolidated and non-consolidated student loan graduate repayment plans are different. If you take out federal student loans, you’re automatically enrolled in the standard repayment plan, which gives you consistent payments over 10...
Student loan grace periods allow you to avoid payments when you first graduate, but only certain loans qualify.
A Direct Subsidized Loan is a type of federal student loan that comes with advantages that may be available to undergraduates with demonstrated financial need.
These loans are given to students depending on financial need. The government subsidizes the interest on the loan while the student is enrolled at least half-time. You are not charged interest on subsidized loans until you graduate, and you have a six-month grace period after leaving school ...
Unsubsidized Loans:Similar to subsidized loans, these loans are also offered by the U.S. Department of Education to undergraduate and graduate students. However, unlike subsidized loans, interest accrues on unsubsidized loans from the time the loan is disbursed, even while the borrower is in ...
, university or other post-secondary institution. The William D. Ford Federal Direct Loan Program is federal financial aid known as a Direct Loan. The program includes the Stafford Loan for students, the PLUS Loan for parents and graduate or professional students, and the Consolidation Loan....
What is the difference between a PLUS loan and a private loan?Private lenders may offer more flexible repayment options and perhaps a lower interest rate. However, more private loan rates are variable, which means the cost of the loan can rise in the future....
Federal student loan borrowers typically receive automatic deferment while enrolled in an eligible undergraduate,graduateor professional school. They must be enrolled at least half time to qualify. Deferment often lasts until the student is no longer enrolled in a program. But if the student has a ...