PLUS Loans are available to credit-worthy parents of dependent, undergraduate students and can be processed for up to the cost of attendance less any financial aid the student is receiving.
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*** Important Notice for All NEW PLUS Loan Borrowers *** |
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Effective for the 2010/11 academic year, ALL PLUS Loan borrowers are required to apply for funds through the federal government's Direct Loan program. Federal Direct PLUS Loans come with a fixed interest rate of 7.9% and include a processing fee of 2.5%. Repayment begins 60 days after the loan is fully disbursed, usually in March/April. New borrowers can click here to begin the PLUS loan application process. |
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*** Important Notice for All PRIOR PLUS Loan Borrowers *** |
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Effective for the 2010/11 academic year, all previous lenders have been removed from participating in the PLUS Loan program and all new PLUS loans will be originated through the federal government's Direct Loan program. Federal Direct PLUS Loans come with a fixed interest rate of 7.9% and include a processing fee of 2.5%. Repayment begins 60 days after the loan is fully disbursed, usually in March/April. Prior borrowers can click here to begin the PLUS loan application process. |