The loan is available to dependent undergraduate students.
The average rate of a Federal Direct Parent Plus Loan and Federal Direct Plus Graduate Loan is now 7.9%. This rate is fixed for the life of the loan and cannot exceed 8.25%.
There are loans available that are for the purpose of helping parents pay the cost of putting a child through collage. The loan is called a Parent Plus Loan and the Parent Plus Loan website offers the ability to secure this type of loan for those that apply and are accepted for it.
plus mod balance in bank loan is the money who pay on the bank that you loan with interest rate and original cost.
Parents can apply for a Parent PLUS loan through the www.studentloans.gov website by logging in with their own FSA ID, selecting "Apply for a Direct PLUS Loan," choosing "Parent PLUS" as the loan type, completing the application, and submitting it for review.
Information on Graduate Plus Loan can be found in a variety of places. Graduate Plus Loan information can be found at a student aid website, or simply on forums.
No, it is not possible to transfer a Parent PLUS loan to the student. The loan is the responsibility of the parent who took it out, and cannot be transferred to the student.
No, it is not possible to refinance a Parent PLUS loan in a student's name.
A parent cannot transfer a Parent PLUS loan into their student's name. The loan is the responsibility of the parent who took it out, and the student cannot take over the loan.
No, it is not possible to transfer a Parent PLUS loan from one parent to another. The loan is the responsibility of the parent who originally took it out.
Parent didn't sign Masters Promissory note so it is technically not the parent's loan or responsibility right? Because of this, can a Direct PLUS loan get transferred to the child if a mistake was made in the loan process?
The credit score required for a Parent PLUS loan is generally around 650 or higher.
No, it is not possible to transfer a Parent PLUS loan to a spouse. The loan is the responsibility of the parent who took it out, and cannot be transferred to another individual, including a spouse.