PLUS Loan


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PLUS Loan

A loan that a parent may borrow to pay for a child's post-secondary education expenses. PLUS loans are guaranteed by the U.S. government, and have a 7.9% interest rate. Unlike some other education loans, PLUS loans are awarded on the basis of the creditworthiness of the borrower.
References in periodicals archive ?
Two of the schools, Drexel and Villanova, included a Parent PLUS Loan in the financial aid package.
He had spells with Inter Milan, Leeds, Tottenham, Liverpool and LA Galaxy, plus loan moves to Celtic, West Ham and Aston Villa.
9 per cent is still the best rate for a PS10,000 plus loan, along with John Lewis Finance, while AA Loans, M&S Bank and Cahoot charge three per cent.
5 billion in assets, has about 375 employees in 14 banks in Oregon and Washington, plus loan offices in Tacoma and Denver.
It owns as its sole subsidiary Horizon Community Bank, a locally owned and operated bank with branches in Fort Mohave, Lake Havasu City, Mesa, Parker and Quartzsite, Arizona, plus loan offices in Kingman and Goodyear, Arizona and Las Vegas, Nevada.
It means that, while the total received from selling assets plus loan repayments will be PS94.
4m from the departures of Alvaro Negredo, Matija Nastasic, Scott Sinclair, Dedryck Boyata, Karim Rekik, Rony Lopes, plus loan fees for Edin Dzeko, Stevan Jovetic and Jason Denayer.
Again, a student must fill out the FAFSA in order for a parent to get a PLUS Loan.
Department of Education (ED) announced additional changes to Parent PLUS loan requirements, which have been the source of much controversy recently.
On October 22, the Department announced the publication of the final rule to strengthen the federal Direct PLUS Loan Program.
The main issue is the way in which Parent PLUS loan disbursements are reported in the data from the Office of Federal Student aid.
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