#1
January 27th, 2018, 03:31 PM
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Dept Of Education Parent Plus Loans
Hii sir, I Wants to get the Information About the Parent Plus Loans offfered to the federal student ?
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#2
January 27th, 2018, 03:31 PM
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Re: Dept Of Education Parent Plus Loans
The Parent PLUS Loan is a federal student loan available to the parents of dependent undergraduate students. Parents of dependent undergraduate students borrow the Parent PLUS Loan to help their children pay for college or career school. The Parent PLUS Loan offers a fixed interest rate and flexible loan limits. Loan Limit Year 1 and 2 $4,000 higher Year 3 and beyond $5,000 higher Aggregate (cumulative) limit $26,500 higher Other Requirement Students must be enrolled in school on at least a half-time basis Male students must have registered with the Selective Service (not required for father) Students and parents must be U.S. citizens or nationals, permanent residents, or eligible noncitizens Students and parents can’t be in default on a federal student loan Parent PLUS Loan proceeds must be used for educational purpose |
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