The PLUS loan is really a federally funded loan from the U.S. Department of Education for parents/stepparents of reliant undergraduate pupils. Stepparents meet the criteria so long as their info is included regarding the Free Application for Federal scholar help (FAFSA). Pupils needs to be enrolled at minimum half-time (6 undergraduate devices) for the moms and dad to follow the Parent PLUS Loan.
What is going to my interest origination and rate cost be?
Repayment is a fixed rate of interest of 7.08per cent on all PLUS Loans disbursed on or after July 1, 2019.