Does the Parent PLUS loan have to be repaid?
Yes. Repayment begins 60 days after the final disbursement for loans disbursed prior to July 1, 2008. For PLUS loans made to parents that are first disbursed on or after July 1, 2008, the borrower has the option of beginning repayment on the PLUS loan either 60 days after the loan is fully disbursed or wait until six months after the dependent student on whose behalf the parent borrowed ceases to be enrolled on at least a half-time basis. Award Maximum: Up to cost of attendance minus other aid and resources Need based: No Enrollment: Students must be enrolled at least half-time, which is 6 or more credit hours for fall and spring, and 3 credit hours for summer. Please contact our office at 913-588-5170 for more information or email us at www.financialaid@kumc.edu Federal Direct Grad PLUS loan: Grad PLUS loans are federally guaranteed credit based loans available only to graduate and professional students. Borrower must not have an adverse credit history. A credit check is performed. De
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?
- How do I apply as a parent for a Federal Direct PLUS Loan?
- How does my parent apply for a Federal Direct (PLUS) loan?
