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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".
Here's what college students and parents need to know about the new FAFSA. ... fill out the Free Application for Federal Student Aid, ... student loans − is on a first come, first serve basis ...
Direct PLUS Loan: The direct PLUS loan is a federal loan that graduate or professional students and parents of undergraduate students can use to pay for their education. These loans can be used to help pay for education expenses not covered by financial aid. The Direct PLUS loan is not based on financial need, but credit is necessary.
Eligibility is determined from documentation provided on the free application for federal student aid, ... graduate direct loans are eligible for cancelation along with Parent PLUS loans taken out ...
In addition, the department is rolling out a streamlined process for submitting the Free Application for Federal Student Aid or FAFSA for applicants or their parents who don’t have a Social ...
All new Stafford, PLUS, and consolidation loans are now administered through the Direct Loan Program. Campus-Based Aid includes types of aid that schools are responsible for administering on behalf of the federal government. Federal Perkins Loans are low-interest loans made through a school’s financial aid office using federal funds ...
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