Home      Arts & Literature      College University      Financial Aid      Future Concepts      Languages      Online Education      Psychology      Science
How To Apply For Business Education Real Estate Grants
Applying for business education real estate grants can help you pay for courses and certification as a real estate agent.A Reality CheckThe truth is, getting cer…
    Hot Articles
•  How To Apply For Business Educati
•  Tips on Finding Scholarships and
•  The Federal Direct Student Loan P
•  Need A Full Student Loan With An
•  What About Your College Loan Cons
•  How To Write An Effective Scholar
•  How To Find Free College Grant Mo
•  Federal or Private Student Loan?
•  Student Loan To Cover
•  Some Clearing Up On Private Stude
•  Is It Possible To Finance College
•  Student Loans Going Under Serious
    Rec. Articles
   Home > Financial Aid >
Need A Full Student Loan With An Easy Repayment Plan?

A Parent PLUS loan is available as a student loan for parents of undergraduate dependent children. For independent children, the parents will not have the eligibility for a Parent PLUS loan. Of course, you must be a US citizen or national, a US permanent resident or an eligible non-citizen, and a credit check is required.Benefits of the Parent PLUS Student LoanThere are many Sallie Mae benefits to the suitable borrowers of Parent PLUS student loans. This loan offered so you can save money and flexible repayment options are also available. The loan is not required to be repaid as long as the student is in school and up to 60 months after that.You can easily manage a Parent PLUS loan online 24 hours a day seven days a week and there is no prepayment penalty. While there are no income or collateral requirements there is credit check.To Improve Credit RatingThere is a free confidential counseling service available to Parent PLUS borrow worse. Its called Sallie Mae PLUS Success. Specialized counselors work with the parents to resolve credit issues so they can become eligible for a Parent PLUS student loan. And if theyre not eligible using their own credit, they may obtain a credit worthy endorser.On this type of loan the interest may be tax deductible. There are applications online where you can have the results of the approval process with an instant credit decision for the parent plus loanOptions for Repayment of the Parent PLUS Student LoanThere are several options for repaying the Parent PLUS student loan. You can do the standard repayment where youre paying on the principle and the interest payments every month for 10 years. That plan has the lowest interest rate. You can use graduated repayment so you might reduce payments in the early years. And then increase, but youre still paying it off within a ten year period. This can issue a higher total loan cost than the standard repayment.With the income sensitive repayment plan payments are based on a percentage of your gross income so you have to re-apply every year for this plan because your income may change. With income sensitive repayment you have a higher total loan costs also than with standard repayment.An extended payment is perfect if you have a high school student loan debt. You can be eligible for up to 25 years repayment term and the choice of standard or graduate payments to keep the payments affordable with an extended repayment. Of course the total cost of the loan is more than what the standard repayment would be.Student Loan ConsolidationWith a student loan consolidation you can combine all of your loans into a new one. This is so you will have a single monthly payment and a fixed interest rate. This can substantially lower your monthly payments that it well result in a higher total loan cost.

Pre:What About Your College Loan Consolidation, Now That You Are   Next:The Federal Direct Student Loan Program
Copyright©2008 MyWeb, All Rights Reserved.