PLUS Loan

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Dictionary Says

Definition of 'PLUS Loan'

A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, the parent borrows money on the student's behalf. To be eligible for a PLUS Loan, a student must be enrolled at least part-time, and the parent has to pass a standard credit check.
Investopedia Says

Investopedia explains 'PLUS Loan'

The major benefit of a PLUS Loan is that the parent can borrow the entire amount the student needs for his or her education. This includes housing, tuition and other related expenses. Another notable benefit is that the borrower does not have to demonstrate financial need to be eligible for the loan.
Search results for

'PLUS Loan'

  • Fund Your Schooling With PLUS Loans

    http://www.investopedia.com/articles/younginvestors/11/plus-loans.asp
    ... The PLUS loan (parental loan for Undergraduate Students) program is also
    intended for independent graduate or professional students. ...

  • College Loans: Private Vs. Federal

    http://www.investopedia.com/articles/younginvestors/09/private-or-federal-student-loans.asp
    ... Without Selling A Kidney.) Types of Federal College Loans There are three types
    of federal loans: the Federal Perkins Loan, the Federal PLUS Loan and Federal ...

  • An Introduction To Stafford Loans

    http://www.investopedia.com/articles/younginvestors/11/introduction-stafford-student-loans.asp
    ... It also depends upon what year of college you are entering and if your parents
    are eligible for a PLUS loan. A first year undergraduate ...

  • Your Kid's College Loan: Who Should Foot The Bill?

    http://www.investopedia.com/articles/pf/10/federal-student-loans.asp
    ... can expect significant rate differences depending on which type of student loan
    you choose ... loans, 6.8% for unsubsidized Stafford loans and 7.9% for PLUS loans. ...

  • Student Loan Debt: Is Consolidation The Answer?

    http://www.investopedia.com/articles/younginvestors/09/consolidate-student-loans.asp
    ... If you have a Perkins, Stafford or PLUS loan you can choose to stick with
    the 10-year repayment plan for your consolidated loan. ...

  • Student Loan Rules You Should Know About - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/Student-Loan-Rules-You-Should-Know-About.aspx
    ... Loss of Origination Fee Rebate Under 2011 law, students pay a 1% origination fee
    on all Stafford loans and a 4% fee on PLUS loans. Once the loan is dispersed ...

  • Student Loans: Federal Loans | Investopedia

    http://www.investopedia.com/university/student-loans/student-loans2.asp
    ... Parent PLUS loans differ in that there is a slightly higher loan origination fee,
    and interest rates are slightly higher than for loans that are offered ...

  • Home-Equity Loans: What You Need To Know

    http://www.investopedia.com/articles/pf/05/041305.asp
    ... the borrower defaults, the lender gets to keep all the money earned on the initial
    mortgage and all the money earned on the home-equity loan; plus the lender ...

  • Pay For A College Education With Retirement Funds

    http://www.investopedia.com/articles/retirement/07/college-retirement.asp
    ... repayment period for PLUS loans begins, they should consider reducing retirement
    contributions if necessary and diverting these amounts to PLUS loan repayments ...

  • Student Loans: Private Loan Consolidation | Investopedia

    http://www.investopedia.com/university/student-loans/student-loans8.asp
    ... For instance, you might qualify for rate terms of PRIME plus 1% now, whereas you
    were stuck with PRIME plus 10% on your original loan because of your credit ...

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