ERIC Number: ED446520
Record Type: Non-Journal
Publication Date: 2000
Reference Count: N/A
Direct PLUS Loan Basics: Parent Loans for Students. William D. Ford Federal Direct Loan Program.
Department of Education, Washington, DC.
The Direct PLUS Loan is one of the low-interest loans provided by the William D. Ford Federal Direct Loan Program. The U.S. Department of Education delivers loan proceeds through the student's school, and parents are responsible for repaying the Department. This booklet answers parents' questions about the loan program, including: (1) Am I eligible for a Direct PLUS Loan?; (2) How do I apply?; (3) How much may I borrow?; (4) Is there a charge for this loan?; (5) What is the interest rate?; (6) How will I know whether my loan is approved?; (7) How will the loan be disbursed?; (8) When do I begin repaying my loan?; (9) How do I make my payments?; (10) Where do I send my payments?; (11) Can I postpone repaying my loan?; (12) Can my loan ever be discharged?; and (13) Can I combine my loans to make repayment easier? The booklet also includes a directory of important addresses and telephone numbers for the loan program. (EV)
Descriptors: Financial Support, Higher Education, Loan Repayment, Parent Financial Contribution, Paying for College, Student Financial Aid, Student Loan Programs
U.S. Department of Education, 400 Maryland Ave., S.W., Washington, DC 20202.
Publication Type: Guides - Non-Classroom
Education Level: N/A
Authoring Institution: Department of Education, Washington, DC.
Identifiers - Laws, Policies, & Programs: Federal Direct PLUS Loan Program