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Parent Plus loans -- also known as a Direct PLUS Loan -- are issued by the federal government and let parents of dependent students borrow funds to help pay for a student's college or career ...
A PLUS Loan is a student loan, which is part of the Federal Direct Student Loan Program, offered to parents of students enrolled at least half time, or graduate and professional students, at participating and eligible post-secondary institutions. The original, now obsolete, meaning of the acronym was "Parent Loan for Undergraduate Students".
In these cases, colleges may offer parents a federal Parent PLUS loan. This is a loan made to the parent of a qualifying student. With college tuition rising each year, finding the funds to cover ...
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The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education... rather than a bank or other financial institution."
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The parents of dependent undergraduates can use a Direct PLUS Loan, commonly referred to as a Parent PLUS loan, to borrow up to the cost of the student's attendance each year with no limit on the...
Refinance by taking out a new loan with more favorable terms, or, if your parent loan allows repayment before interest kicks in, do what you can to pay the original loan off as quickly as possible ...