Parent Loan for Undergraduate Students
GPTKB entity
Statements (27)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Student Loan
|
| gptkbp:abbreviation |
gptkb:PLUS_Loan
|
| gptkbp:administeredBy |
gptkb:U.S._Department_of_Education
|
| gptkbp:application |
requires FAFSA
requires separate PLUS Loan application |
| gptkbp:consolidationOption |
can be consolidated into a Direct Consolidation Loan
|
| gptkbp:defermentOption |
while student is enrolled at least half-time
|
| gptkbp:eligibility |
income-driven repayment plans
step-parents of dependent undergraduate students student must be dependent undergraduate student must be enrolled at least half-time biological or adoptive parents of dependent undergraduate students Public Service Loan Forgiveness (unless consolidated) parent borrower must not have adverse credit history |
| gptkbp:flowsThrough |
sent to school to pay for educational expenses
|
| gptkbp:forgivenessOption |
limited, only in cases such as death or total and permanent disability
|
| https://www.w3.org/2000/01/rdf-schema#label |
Parent Loan for Undergraduate Students
|
| gptkbp:mainInterest |
fixed interest rate
8.05% for 2023-2024 |
| gptkbp:maximumLoanAmount |
cost of attendance minus other financial aid
|
| gptkbp:originationFee |
4.228% for loans disbursed after October 1, 2020
|
| gptkbp:purpose |
help parents pay for their dependent undergraduate children's education
|
| gptkbp:repaymentStart |
immediately after full disbursement
|
| gptkbp:website |
https://studentaid.gov/understand-aid/types/loans/plus/parent
|
| gptkbp:bfsParent |
gptkb:PLUS_Loan
gptkb:PLUS_Loans |
| gptkbp:bfsLayer |
6
|