As a parent PLUS borrower, am I entitled to a grace period before starting repayment of my loan while my dependent child is attending school?
Based on recent federal legislation, for PLUS loans first disbursed on or after July 1,2008, parent borrowers have the option of beginning repayment of the loan either 60 days after the loan is fully disbursed or not until six months after the dependent student ceases to be enrolled on at least a half-time basis.
Related Questions
- What is the aggregate loan limit for a dependent undergraduate student whose parent has been denied a Federal PLUS Loan but who is eligible for an additional unsubsidized Federal Stafford Loan?
- Can each of two divorced parents take out a Federal PLUS Loan (one loan for mom and one loan for dad) for the same dependent student and for the same period of enrollment at the same school?
- As a parent PLUS borrower, am I entitled to a grace period before starting repayment of my loan while my dependent child is attending school?
