Student Loans

Student Loans Mpn – Understanding Direct PLUS Student Loans

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This video discusses Direct PLUS student loans. Direct PLUS loans are federal student loans that are made to parents of undergraduate students, graduate students, and professional students in the United States. PLUS loans are not need-based, so nearly everyone can receive them provided you do not have an adverse credit history (if you have an adverse credit history, you need a co-signer or extenuating circumstances to get a PLUS loan). One advantage of PLUS loans is that the maximum amount is the school’s cost of attendance minus any other financial aid you are receiving. Thus, theoretically you can use PLUS loans to cover any unmet financial need. PLUS loans have a fixed rate that can be found at https://studentaid.ed.gov
You must complete the FAFSA to be eligible for PLUS loans, so be sure to visit https://fafsa.ed.gov to complete your free application for financial aid.

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10 Comments

  1. Stupid Gorilla
    July 27, 2021 at 2:05 am

    Can my parents take a plus loan but I do the payment ?

  2. allkindsamusicchick
    July 27, 2021 at 2:05 am

    I'm convinced that state schools and community schools are the way to go. The pickle I am in now is due to my naivety. My ex's new wife at the time, and my ex, played up a particular university out of state, to my child, which was a nice school of course, but at 40K a year. My child could have gone to another nice school, in-state, but would have only cost me approx 4K a year. My ex and I intended to split the tuition, on the upscale university, which we did. I would do anything in the world for my son. If he was convinced that this was the school that he needed to go to, then so be it, in my eyes, although we went on many a tour, and he would have been able to attend all, but one other college. I have clawed my way through much to care for him in any way that I possibly can. Unfortunately, me, not knowing the price of tea in China, and thinking all would be well. Here we are, 12 years down the road, and the payments keep going up and up. It's scary. I'm getting older, and worry about that loan more and more. I had no idea what I was getting myself into, but my ex's wife knew EXACTLY why she was pushing for the higher-priced school. I will not go into details, but she was determined to control the course of the future, unbeknownst to me. Her brother-in-law, married to her sister, a second marriage, did the same thing to his ex. He is a lawyer. I don't begrudge the education or the experience that my son was able to enjoy, and friendships made, due to attending this particular university, but 12 years down the road, and no relief in sight, has me stuck in places I don't want to be. I have no clue how this will work out. I'm going to apply for IDR, but, aside from lowering the payments; how can this change-of-status payment actually re-size the loan in my favor. Trying not to cry here. What to do???? Any sound advice?? Thanks.

  3. Darryl Medina-Uroza
    July 27, 2021 at 2:05 am

    Let’s suppose my annual coa is $6,500 with no other aid. If I want a loan, my max is $6,500? Other things that I have to pay like gas, books, housing etc, basically they don’t care??

  4. Mai Do
    July 27, 2021 at 2:05 am

    Thank you so much,really clear and informative

  5. Marc Yves Nganpi
    July 27, 2021 at 2:05 am

    Wow! Full explanation details in 6 mins! Thank you so much!

  6. #TruthMovementTV
    July 27, 2021 at 2:05 am

    Are you able to receive a Plus Loan and Unsubsidized Loan at the same time?

  7. deidra dickens
    July 27, 2021 at 2:05 am

    You did a good job explaining this loans thanks so much!

  8. Kietraille Sutton
    July 27, 2021 at 2:05 am

    Great video! Thank you for the clarification!

  9. Paul Shaw
    July 27, 2021 at 2:05 am

    How long does it take to get the loan

  10. Prerak Juthani
    July 27, 2021 at 2:05 am

    AMAZING! Thank you!