|are all parent plus loans federal loans||1.21||0.1||9255||52|
Direct PLUS Loans are federal loans that parents of dependent undergraduate students can use to help pay for college or career school. Am I eligible for a parent PLUS loan? What is the current interest rate?Can a grandparent apply for a Parent PLUS loan?
Note: Grandparents (unless they have legally adopted the dependent student) and legal guardians are not eligible to receive parent PLUS loans, even if they have had primary responsibility for raising the student. Federal Student Loans: Direct PLUS Loan Basics for Parents —Provides parents with information on Direct PLUS Loans for parents.How do I get approved for a Parent PLUS loan?
The Parent PLUS Loan Application and Approval Process A parent or legal guardian of a dependent undergraduate student can apply for a Parent PLUS loan. First, you have to fill out the Free Application for Federal Student Aid, or FAFSA, for the academic year when you want to borrow. You can then apply for a PLUS loan.What happens if your parent PLUS Loan is denied?
If these steps don’t work and your parent PLUS loan is denied, even that can have an upside. Students whose parents can’t get PLUS loans can gain access to more federal student loans. A dependent first-year student can only borrow up to $5,500 in federal student loans per school year, for example.