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Can a PLUS Loan be discharged (canceled)?

25-May-08

Aye, under certain conditions. A discharge (cancellation) releases your parents from all obligation to repay the loan.Your parents’ PLUS Loan can’t be canceled for these reasons: You, my mate didn’t complete […] Continue Reading…

Can a PLUS Loan be discharged (canceled)?

25-May-08

Aye, under certain conditions. A discharge (cancellation) releases your parents from all obligation to repay the loan.Your parents’ PLUS Loan can’t be canceled for these reasons: You, my mate didn’t complete […] Continue Reading…

Is it ever possible to postpone repayment of a PLUS Loan?

25-May-08

Aye, under certain circumstances, your parents can receive a deferment on their loans.If they temporarily can’t meet the repayment schedule, they can also receive forbearance on their loan, as […] Continue Reading…

Is it ever possible to postpone repayment of a PLUS Loan?

24-May-08

Aye, under certain circumstances, your parents can receive a deferment on their loans.If they temporarily can’t meet the repayment schedule, they can also receive forbearance on their loan, as […] Continue Reading…

How do my parents pay back these loans?

24-May-08

They’ll repay a FFEL PLUS Loan to a private lender or loan servicer. They’ll repay their Direct PLUS Loan to the U.S. Department of Education’s Direct Loan Servicing Center. […] Continue Reading…

How do my parents pay back these loans?

22-May-08

They’ll repay a FFEL PLUS Loan to a private lender or loan servicer. They’ll repay their Direct PLUS Loan to the U.S. Department of Education’s Direct Loan Servicing Center. […] Continue Reading…

When do my parents begin repaying the loan?

18-May-08

Generally, the first payment is due within 60 days after the loan is completely disbursed. There is no grace period for these loans. Interest begins to accumulate at the […] Continue Reading…

Other than interest, is there a charge to get a PLUS Loan?

14-May-08

Your parents will pay a fee of up to 4 percent of the loan, deducted proportionately each time a loan disbursement is made. For a FFEL PLUS Loan, a […] Continue Reading…

What’s the PLUS loan interest rate?

12-May-08

For PLUS Loans disbursed on or after Jul. 1, 2006, the interest rate is fixed (at 7.90 for Direct PLUS Loans and 8.50 percent for FFEL PLUS Loans). For […] Continue Reading…

What’s the PLUS loan interest rate?

12-May-08

For PLUS Loans disbursed on or after Jul. 1, 2006, the interest rate is fixed (at 7.90 for Direct PLUS Loans and 8.50 percent for FFEL PLUS Loans). For […] Continue Reading…