federal PLUS Loans

GPTKB entity

Statements (52)
Predicate Object
gptkbp:instance_of gptkb:financial_assistance
gptkbp:administered_by gptkb:U._S._Department_of_Education
gptkbp:application FAFSA required
gptkbp:benefits interest may be tax-deductible
gptkbp:borrower_benefits flexible repayment plans
gptkbp:borrower_eligibility must be a U. S. citizen or eligible non-citizen
gptkbp:borrower_support customer service available
gptkbp:cancellation_reason limited circumstances
gptkbp:consequences damage to credit score
gptkbp:consolidation_options available
gptkbp:credit_requirements no minimum credit score
gptkbp:currency 7.54% for the 2021-2022 academic year
gptkbp:disbursement_method direct disbursement to the school
gptkbp:eligibility no adverse credit history
gptkbp:financial_aid various private companies
managed by federal loan servicers
considered in financial aid calculations
cost of attendance minus other financial aid
requires promissory note
rights under federal law
part of total financial aid package
gptkbp:financial_literacy_resources available for borrowers
gptkbp:forbearance_options available
gptkbp:funding based on cost of attendance and other aid
https://www.w3.org/2000/01/rdf-schema#label federal PLUS Loans
gptkbp:impact_on_credit affects credit utilization
gptkbp:impact_on_future_loans may affect eligibility for other loans
gptkbp:interest_capitalization occurs during deferment or forbearance
gptkbp:interest_rate_type fixed
gptkbp:investment while in school
gptkbp:is_available_in graduate students
parents of dependent undergraduate students
gptkbp:is_available_on gptkb:1980s
gptkbp:loan_cancellation available for total and permanent disability
gptkbp:loan_disbursement_frequency typically one or two disbursements per academic year
gptkbp:loan_fees 4.228% origination fee
gptkbp:loan_grace_period 6 months after graduation or dropping below half-time enrollment
gptkbp:loan_limit up to the cost of attendance
gptkbp:loan_renewal not automatically renewed
gptkbp:loan_repayment_plan income-driven repayment plans available
gptkbp:loan_repayment_strategies various strategies recommended
gptkbp:loan_transferability not transferable to another borrower
gptkbp:loan_type unsubsidized
gptkbp:payment_methods 10 to 25 years
standard, graduated, extended
gptkbp:repayment_assistance_programs available for some borrowers
gptkbp:repayment_start after disbursement
gptkbp:require_credit_check gptkb:true
gptkbp:throws available
gptkbp:used_for tuition and educational expenses
gptkbp:bfsParent gptkb:Free_Application_for_Federal_Student_Aid
gptkbp:bfsLayer 6