Parent and Graduate Plus Loans Make College Accessible
Since money for college no longer goes as far as it did even 30 years ago, Parent Loans for Undergraduate Students (PLUS) often are used to fill the funding gap for many college students attending their dream school. Using the Federal PLUS Loan to pay for college is a smart and easy solution, according to NextStudent, the Phoenix-based premier education funding company.
Year-Round Availability
Available at any time of the year, the Federal PLUS Loan equips parents with a reasonable, low-cost answer to covering rising college expenses, such as tuition, housing and books. With a PLUS Loan, parents may borrow up to the entire cost of their child’s education (less any other financial aid received), as long as their child is enrolled at least half-time, and even if tuition and other expenses almost are completely covered.
In order to qualify for the PLUS Loan, students and parents must complete the Free Application for Federal Student Aid (FAFSA). Parents may apply online using NextStudent’s easy application process that utilizes E-Signature and can ascertain their eligibility usually within only five minutes.
PLUS Loans Not Just for Parents
Graduate and professional students have similar access to the PLUS Loan Program with Graduate PLUS Loans, which include many of the same benefits as PLUS Loans: excellent rates and terms as well as generous borrowing limits. The only major difference is that instead of the funds being disbursed to the school, the funds go directly to the student and do not have to be repaid until after graduation.
Aggressive PLUS Loan Benefits Aid Borrowers
Whether a borrower is a parent who participates in the PLUS Loan Program or a graduate student involved with a Graduate PLUS Loan, the rates are set by the government. There are many competitive incentives offered by NextStudent that pass along substantial savings to borrowers. If parents or students opt to make automatic payments with Auto Debit they will receive a .25 percent interest rate reduction. If borrowers make 12 consecutive on-time payments, they will receive a 3 percent cash rebate at repayment on the remaining principal balance. After 48 consecutive on-time payments, borrowers will receive a 2 percent interest rate reduction.
Regardless of a borrower’s individual needs or specific college plans, the PLUS Loan through NextStudent offers a simple, flexible method for covering college expenses, whether a parent is seeking funds for their child, or a graduate student is putting him or herself through school.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about student loans and student loan consolidation at NextStudent.com.
Related Tags: student loans, student loan consolidation, student debt consolidation, federal student loans, plus loans, federal student loan, federal loan consolidation, student loan information, educational financing, federal direct loans, nextstudent
Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Be Competitive With Computer Program
Do you speak the language of programming? No, I'm not kidding. Computer programmers and analysts hav - Make Green Living Your Career As An Environmental Protection Technician
The focus on green living is shifting from just reuse, reduce, recycle to the use of solar energy, e - The Whole Truth About Sat Tutoring
Preparing for the SAT examination can be a trying experience. It requires months of dedication, pers - Art And Design Foundation Studies Prepare You For A Creative Career
A career in the creative field of visual arts takes talent, skill and a strong foundation. There are - Specialization In Finance Is Most Desired Amongst Mba Students!
Specialization in MBA-finance is perhaps the most desired and sought after finance courses in India. - Online Degrees: The Different Method Of Education
Education is amongst the most vital things which an individual can have. It's very important in the - Why Online Education Is So Excellent
We're so accustomed to seeing college students go to school and obtaining their education the conven - Hr Degrees That Fit Your Career Goals
Figuring out which HR degree is right for you begins with clarifying your career goals within the fi - What Are Apprenticeships And What Are The Benefits?
By definition, Apprenticeships are a new generation of training which combines the study of a specif - Let Us Browse Through Some Of The Top Science Colleges In India
With an immense supply of talents, India is fast emerging as a perfect destination to locate high sk
Most viewed articles in this category:
- Tips For Getting Scholarships
College isn't cheap. It's a serious investment that can have a wonderful return. If you are concerne - Accenting Higher Education for Young Minds
There are so many universities in the UK, USA, Scotland and Australia. Approximately 4.8 million stu - 4 Sure Fire Ways To Immediately Boost Your Success In The Mba Group Discussion/ Personal Interview
Having cleared the written test for B- Schools such as IIM's, XLRI, IIFT, FMS- Delhi, it is importan - 3 Surefire Methods for Arts Graduate to Succeed in the MBA Group Discussion and Personal Interview
Being an Arts Graduate, you should do away with the notion that you would not be Good enough in the - Ways To Pay For Your Master Degree - That You May Not Have Thought Of Yet
Paying for any college education, including earning your master degree can be expensive. It is a maj - Importance of Career Planning
Career means profession, which we want to adopt for earning livelihood, and planning means proper fl - Key Factors to Consider With Bad Credit Student Loans
Education is important today, particularly for those who are less fortunate in life. It's their tick - Teacher's Training
In an attempt to boost student achievement, a public-school district teamed with a university to put - Acing the SAT Essay Test Even If You're a Bad Writer: A Step by Step Guide Part I
As if the multiple choice questions weren't enough, the New SAT requires test takers to provide a sa - College Scholarship Program Application Process
The necessary process to apply for a college program scholarship is not different from applying for
