Statements (58)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:charity
|
| gptkbp:bfsLayer |
3
|
| gptkbp:bfsParent |
gptkb:Federal_Family_Education_Loan_Program
gptkb:charity |
| gptkbp:amended_by |
Must reapply each year
|
| gptkbp:application |
Can be completed online
Free Application for Federal Student Aid (FAFSA) required |
| gptkbp:atm |
Can lead to wage garnishment
|
| gptkbp:benefits |
Interest may be tax-deductible
|
| gptkbp:cancellation_reason |
Limited circumstances for cancellation
|
| gptkbp:consequences |
Loss of eligibility for federal student aid
|
| gptkbp:convicted_of |
Available under certain conditions
Limited options for forgiveness |
| gptkbp:counseling_services |
Borrowers may receive counseling before borrowing
|
| gptkbp:criteria |
Verification may be required by the school
|
| gptkbp:disbandment_date |
Typically disbursed in multiple installments
|
| gptkbp:economic_impact |
Can affect credit score
May affect ability to borrow in the future |
| gptkbp:expansion_plans |
Available
|
| gptkbp:financial_products |
Borrowers should understand terms and conditions
|
| gptkbp:growth_rate |
Fixed rate, does not change over time
Interest calculated on the outstanding balance |
| https://www.w3.org/2000/01/rdf-schema#label |
PLUS Loans
|
| gptkbp:in-game_currency |
7.54% for the 2023-2024 academic year
|
| gptkbp:investment |
Fixed interest rate
Begins immediately after disbursement |
| gptkbp:is_designed_for |
Graduate and professional students
Parents of dependent undergraduate students |
| gptkbp:orbital_period |
No grace period, repayment starts immediately after disbursement
|
| gptkbp:payment_methods |
gptkb:battle
10 to 25 years Flexible repayment options available Borrowers should consider strategies for repayment Online, mail, and automatic payments available Programs may be available for assistance Standard, Graduated, Extended, Income-Contingent |
| gptkbp:receives_funding_from |
gptkb:U._S._Department_of_Education
Based on credit history and other factors |
| gptkbp:release_date |
Varies by school
|
| gptkbp:requires |
Must not have adverse credit history
|
| gptkbp:scholarships |
Directly to the school
Managed by federal loan servicers Various federal loan servicers To cover educational expenses Cost of attendance minus other financial aid Can be managed through various repayment plans Contact for more information Cost of attendance minus other aid Requires documentation of educational expenses Rights under federal law |
| gptkbp:security_features |
Available
|
| gptkbp:student_enrollment |
Must be enrolled at least half-time
U. S. citizenship or eligible non-citizen required |
| gptkbp:throws |
Available
|
| gptkbp:transfer_fee |
Can be transferred to another servicer
4.228% origination fee |
| gptkbp:type_of |
Unsubsidized loan
|
| gptkbp:water_management |
Borrowers can manage loans online
|