For parent borrowers, the Federal Direct Loan Program offers the Federal PLUS Loan. This enables a parent with good credit history to borrow funds to help pay the education expenses of an dependent undergraduate student enrolled in at least six credit hours for each semester of the loan period.
的 靠谱买球app推荐 金融援助 office manages the processing of this loan and the Department of Education's Loan Servicing Center handles the servicing and repayment.
我能借多少钱?
的 yearly limit on a PLUS Loan is equal to your student’s 出勤费用 less any other financial aid your student is eligible.
例如, 如果出勤费是10美元,000 and your student is eligible for $7,其他财政援助, 你可以借到, 但不超过, $3,在PLUS贷款中.
How Will This Loan Affect My Financial Future?
的 Annual 学生 Loan Acknowledgment is a tool to help you understand how your loans will affect your financial future. 虽然这不是必需的, we highly recommend that you complete the online Annual 学生 Loan Acknowledgement for your benefit.
合格标准
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家长必须通过信用审查. 的 credit check will be good for 180 days within the same academic year.
如果你没有通过信用审查, you might still be able to receive a loan if someone (such as a relative or friend who is able to pass the credit check) agrees to be the endorser on the loan, promising to repay it if you should fail to do so.
In the event that the parent can't resolve the credit issue nor secure a co-signer, the student becomes eligible for additional 联邦无补贴直接贷款 上限为4000美元.
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学生必须 be enrolled in and attending at least six credit hours for each semester of the loan period.
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学生必须 提交FAFSA 并满足 federal program eligibility requirements
应用
During the application process you will be asked how much you wish to borrow. 请做相应预算. If the amount requested exceeds the maximum 出勤费用, we will give the maximum allowed. You do not need to take the maximum allowed.
- 如需申请，请访问studentaid.政府.
- Log In using your (the PARENT’s) FSA ID from the FAFSA.
- Under "贷款 and Grants", select "PLUS 贷款: Grad PLUS and Parent PLUS".
- Select “Learn More” for the “I am a Parent of a 学生” section.
- Start the application under “I am a Parent of an Undergraduate 学生”
- Follow the four steps in the application process.
Keep in mind there are time delays depending on timing of information completed and received.
的 application process is done with the Department of Education and the Servicer handles the loans.
靠谱买球app推荐 is responsible for receiving the money sent and applying it toward the students' account.
支付
Before the loan funds can be disbursed, the parent must complete a PLUS主本票(MPN).
Loan funds are applied first to any outstanding balances on your students' account. Any remaining balance is then credited, according to the Hawkeye refund schedule, to the designee on the application form in one disbursement per semester. If the loan is for one term, you will receive the full loan in two disbursements.
看到 财政援助日期和截止日期 具体付款日期.
If the remaining balance is refunded to the parent borrower, the student will no longer be eligible for the direct deposit option for any credit balances.
Parents may choose to cancel all or part of the loan up to 14 days after the disbursement of funds.
For additional disbursement information see 财政援助奖的发放.
还款
的 repayment period for a Federal Parent PLUS Loan begins at the time the PLUS loan is fully disbursed. 的 first payment is due within 60 days after the final disbursement.
Parents may request to defer repayment while the student is enrolled on at least a half-time basis (interest will accrue) by contacting the Federal Loan servicer to see if you qualify for a deferment.
Generally, parents have 10 to 25 years to repay the loan, depending on the repayment plan chosen.
Information on the servicer assigned to your parent PLUS loan can be found at 联邦学生资助.
看到 联邦学生资助: Parent PLUS Loan — What types of loan repayment plans are available.