The Parent PLUS loan is a federal loan. The lender is the U. S. Department of Education and available for parents of a graduate, professional, or dependent undergraduate student. The loan has a fixed interest rate that changes yearly. Also, the loan has flexible limits. The maximum loan parents can receive can be calculated by subtracting the financial aid received from the cost of attendance. The loan advertises that parents will not be eligible if they have a poor credit history. There also is a fee involved.
Articles in this section
- Can I file FAFSA without a SSN?
- What is a tax credit?
- What year of tax returns does the government require?
- What states have FAFSA approved CTP?
- What is CTP?
- Can I qualify for financial aid if I have an intellectual disability?
- How do I get aid if I am an international student that doesn’t qualify for federal aid?
- Are international students eligible to apply for financial aid through FAFSA?
- Is it possible for a student to lose their financial aid?
- How can I find a scholarship?