- published: 15 Feb 2016
- views: 8333
A PLUS Loan is a student loan 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".
PLUS loans share some similarities with the Stafford and Perkins loans offered to students:
In finance, a loan is the lending of money from one individual, organization or entity to another individual, organization or entity. A loan is a debt provided by an entity (organization or individual) to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.
In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time.
The loan is generally provided at a cost, referred to as interest on the debt, which provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.
Plus may refer to:
Parent Plus Loans can help with college affordability if used strategically. Watch this video to see how. See additional info below: http://thecollegemoneymom.com/parent-plus-loans-arent-all-that-bad/ http://bucks.blogs.nytimes.com/2013/0... http://www.bloomberg.com/bw/articles/... http://www.edcentral.org/education-de... http://www.edcentral.org/parent-plus-... https://www.edvisors.com/college-loan... https://www.youtube.com/watch?v=buSJ_... http://c.ymcdn.com/sites/www.ncher.us...
This video discusses Direct PLUS student loans. Direct PLUS loans are federal student loans that are made to parents of undergraduate students, graduate students, and professional students in the United States. PLUS loans are not need-based, so nearly everyone can receive them provided you do not have an adverse credit history (if you have an adverse credit history, you need a co-signer or extenuating circumstances to get a PLUS loan). One advantage of PLUS loans is that the maximum amount is the school's cost of attendance minus any other financial aid you are receiving. Thus, theoretically you can use PLUS loans to cover any unmet financial need. PLUS loans have a fixed rate that can be found at https://studentaid.ed.gov You must complete the FAFSA to be eligible for PLUS loans, so ...
Are you looking to go to graduate school after college? How about medical or law school? If so, and you are looking for ways to pay for it, you should consider a Graduate PLUS loan from the U.S. Department of Education. All you need to get one is be a graduate or professional degree student enrolled at least half time and meet the general eligibility requirements for federal student aid. These loans are credit based, but even if you have an adverse credit history, you can still get a loan. This can be done by either getting a cosigner with a good credit history or providing proof of extenuating circumstances relating to the adverse credit history. If you still cannot get a loan, you may be eligible for additional unsubsidized loans if you have not reached the total lending limit. Altho...
Learn how to apply for a graduate plus loan.
Parent Plus Loans can help with college affordability if used strategically. Watch this video to see how. See additional info below: http://thecollegemoneymom.com/parent-plus-loans-arent-all-that-bad/ http://bucks.blogs.nytimes.com/2013/0... http://www.bloomberg.com/bw/articles/... http://www.edcentral.org/education-de... http://www.edcentral.org/parent-plus-... https://www.edvisors.com/college-loan... https://www.youtube.com/watch?v=buSJ_... http://c.ymcdn.com/sites/www.ncher.us...
This video discusses Direct PLUS student loans. Direct PLUS loans are federal student loans that are made to parents of undergraduate students, graduate students, and professional students in the United States. PLUS loans are not need-based, so nearly everyone can receive them provided you do not have an adverse credit history (if you have an adverse credit history, you need a co-signer or extenuating circumstances to get a PLUS loan). One advantage of PLUS loans is that the maximum amount is the school's cost of attendance minus any other financial aid you are receiving. Thus, theoretically you can use PLUS loans to cover any unmet financial need. PLUS loans have a fixed rate that can be found at https://studentaid.ed.gov You must complete the FAFSA to be eligible for PLUS loans, so ...
Are you looking to go to graduate school after college? How about medical or law school? If so, and you are looking for ways to pay for it, you should consider a Graduate PLUS loan from the U.S. Department of Education. All you need to get one is be a graduate or professional degree student enrolled at least half time and meet the general eligibility requirements for federal student aid. These loans are credit based, but even if you have an adverse credit history, you can still get a loan. This can be done by either getting a cosigner with a good credit history or providing proof of extenuating circumstances relating to the adverse credit history. If you still cannot get a loan, you may be eligible for additional unsubsidized loans if you have not reached the total lending limit. Altho...
Learn how to apply for a graduate plus loan.
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