Your child has been accepted into college! Congratulations, but here comes the hard part – how do you pay for it? A common option is the federal Parent PLUS loan, but how do you determine if it is right for your family?
What is the Parent PLUS Loan?
The federal Parent PLUS loan is a loan option offered by the Department of Education for parents, step-parents, and adoptive parents of dependent undergraduates. The Direct Parent PLUS loan designed as a “request for supplemental information in connection with the Federal Direct Plus Loan through the William D. Ford Federal Loan (Direct Loan) Program.”
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