PLUS Loan
E576951
A PLUS Loan is a federal student loan that allows graduate students and parents of dependent undergraduates to borrow funds to help pay for education costs not covered by other financial aid.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
Direct PLUS Loan
ⓘ
United States federal financial aid program ⓘ federal student loan ⓘ |
| administeredBy | U.S. Department of Education NERFINISHED ⓘ |
| availableTo |
graduate students
ⓘ
parents of dependent undergraduate students ⓘ professional students ⓘ |
| borrower |
graduate or professional student
ⓘ
parent of dependent undergraduate student ⓘ |
| borrowerMustBe | U.S. citizen or eligible noncitizen ⓘ |
| canBeDeniedForAdverseCredit | true ⓘ |
| cannotBeTransferredToStudent | Parent PLUS Loan ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| creditHistoryRequirement | no adverse credit history ⓘ |
| disbursementMethod | electronic funds transfer to school ⓘ |
| eligibleFor |
Public Service Loan Forgiveness (if otherwise qualifying)
NERFINISHED
ⓘ
consolidation into Direct Consolidation Loan ⓘ deferment ⓘ forbearance ⓘ |
| excessFundsRefundedTo | borrower or student, depending on authorization ⓘ |
| fundsDisbursedThrough | school ⓘ |
| gradPLUSBorrower | student is legally responsible for repayment ⓘ |
| interestAccruesDuring |
deferment
ⓘ
forbearance ⓘ grace period ⓘ in-school period ⓘ |
| interestRateChangesForNewLoans | annually ⓘ |
| interestRateSetBy | federal law ⓘ |
| interestRateType | fixed interest rate ⓘ |
| loanType | unsubsidized loan ⓘ |
| maximumAmount | cost of attendance minus other financial aid ⓘ |
| mayRequireEndorser | if borrower has adverse credit history ⓘ |
| originationFee | charged ⓘ |
| parentPLUSBorrower | is legally responsible for repayment ⓘ |
| partOf | William D. Ford Federal Direct Loan Program NERFINISHED ⓘ |
| purpose | help pay for education costs not covered by other financial aid ⓘ |
| regulatedBy | Higher Education Act of 1965 NERFINISHED ⓘ |
| repaymentBegins | after full disbursement ⓘ |
| repaymentOptionsInclude |
extended repayment plan
ⓘ
graduated repayment plan ⓘ standard repayment plan ⓘ |
| requiresCreditCheck | true ⓘ |
| requiresFAFSA | true ⓘ |
| schoolMayReduceAmount | true ⓘ |
| schoolMayRefuseToCertify | true ⓘ |
| usedFor |
books and supplies
ⓘ
other education-related expenses ⓘ room and board ⓘ transportation ⓘ tuition and fees ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.