The William D. Ford Federal Direct Loan (Direct Loan) system could be the U.S. Department of Education’s federal education loan system. The U.S. Department of Education could be the loan provider under this system. Qualified parents of reliant undergraduate might make use of Direct PLUS loans to finance the youngster’s university training. Direct PLUS loans may also be called Parent PLUS loans once the moms and dad could be the debtor.
Parent PLUS borrowing needs, loan restrictions and rates of interest
To get Parent PLUS Loans, parents should be the adoptive or biological parent (or stepparent) of reliant, undergraduate pupils that are signed up for at minimum half-time at the University.