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 ?
Leading marketplace lending company also introduces new Parent PLUS loan refinancing program
It means that, while the total received from selling assets plus loan repayments will be PS94.
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 National Bank of Abu Dhabi (NBAD) has announced the recruitment of Jonathan Macdonald as the Managing Director and Head of Syndicated Finance; to lead NBAD s loan underwriting, primary loan distribution, secondary loan sales and purchases, plus loan agency across the Bank s chosen markets in the Middle East, Europe, Africa and Asia.
The Department of Education has sent letters to graduate students and parents of dependent undergraduates who received a Direct PLUS loan.
Until December last year, there were 1,000 Ladies Plus Loan account holders, of which 800 are still active.
Michael and Karin Zimmerman took out a $5,000 PLUS loan and intend to cap Chad's student debt load at $10,000.
WPI took a similar tact, encouraging families to apply for a PLUS loan that they could cancel if MEFA came through with a better option.
An innovative new feature, Estate Guard effectively allows Gen Plus loan borrowers to halt interest accrual on their homes depending on real estate market conditions.
Additionally, graduate students may borrow directly through the Grad PLUS Loan program, which operates similarly to the PLUS Loan program.
ALLIANCE & Leicester has cut its personal loan rate for internet users for a pounds 5000 plus loan from 8.