Parent PLUS Loans

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf Student Loan
gptkbp:application Free Application for Federal Student Aid (FAFSA) and separate PLUS application
gptkbp:cannotBeTransferredToStudent true
gptkbp:consolidationEligible yes
gptkbp:created gptkb:Higher_Education_Act_of_1965
gptkbp:creditCheckRequired true
gptkbp:defaultConsequences collection fees, wage garnishment, tax refund offset
gptkbp:defermentAvailable yes, upon request while student is in school
gptkbp:eligibility biological or adoptive parents of dependent undergraduate students
step-parents in some cases
gptkbp:flowsThrough sent to school
gptkbp:forgivenessOptions gptkb:Public_Service_Loan_Forgiveness
https://www.w3.org/2000/01/rdf-schema#label Parent PLUS Loans
gptkbp:incomeDrivenRepaymentEligible only after consolidation
gptkbp:interestRateSetBy gptkb:government
gptkbp:mainInterest fixed rate
gptkbp:maximumLoanAmount cost of attendance minus other financial aid
gptkbp:offeredBy gptkb:U.S._Department_of_Education
gptkbp:originationFee yes
gptkbp:purpose help parents pay for dependent undergraduate students' education
gptkbp:repaymentStart immediately after full disbursement
gptkbp:bfsParent gptkb:Income-Based_Repayment_(IBR)
gptkbp:bfsLayer 7