Sentences with phrase «plus loan borrowers»

This plan is the only available income - driven repayment option for parent PLUS loan borrowers.

Graduate PLUS loan borrowers used to be able to select their own lender, but as of July 1, 2010, graduate PLUS loans are disbursed only through the U.S. Department of Education.

Parent PLUS loan borrowers are also eligible for a death discharge if the student for whom the PLUS loan was taken out is deceased.

With either option 1 or option 2, you also must complete credit counseling for PLUS loan borrowers on the StudentLoans.gov website.

Parent PLUS loan borrowers used to be able to select their own lender, but as of July 1, 2010, parent PLUS loans are disbursed only through the U.S. Department of Education.

Interest rates can not exceed 8.25 % for undergraduate borrowers, 9.5 % for graduate borrowers with direct unsubsidized loans and 10.5 % for PLUS loan borrowers.

Not only that, but Parent PLUS loan borrowers may have a higher chance of getting approved because of their credit history and employment status, which could mean thousands of dollars in savings.

Currently, there are 3 million Parent PLUS loan borrowers with a total of $ 62 billion in debt.

This suggests that Parent PLUS loan borrowers are 12.1 % (loan volume) to 12.5 % (unduplicated borrowers) less likely to get a Parent PLUS loan in the FFEL program than in the Direct Loan program.

This plan is the only available income - driven repayment option for parent PLUS loan borrowers.

The commenter urged us to collect, analyze, and publish robust data on the repayment patterns of PLUS loan borrowers, and to disaggregate the data for student and parent borrowers.

Another commenter contended that the new standards for PLUS loan eligibility should apply to endorsers as well as parent and student PLUS loan borrowers.

Parent PLUS Loan borrowers can refinance their loans through LendKey to lower their interest rates or reduce their monthly payments.

Consistent with the Department's objective to improve the loan application process for Direct PLUS loan borrowers, the Secretary is exercising his authority under section 482 (c) to implement the new and amended regulations included in this document as soon as possible after the publication date of these final regulations.

These final regulations will state more clearly that the same requirement applies to all PLUS loan borrowers.

Comments: Several commenters supported the Department's plans to develop enhanced consumer information for PLUS loan borrowers and provided suggestions for topics to be covered.

However, PLUS loan borrowers with an adverse credit history who request reconsideration based on extenuating circumstances must provide satisfactory documentation that extenuating circumstances exist, and will be required to complete loan counseling offered by the Secretary.

One commenter suggested that effective ways to communicate with parent PLUS loan borrowers include the following:

One commenter strongly encouraged us to explore ways for PLUS loan borrowers and their families to receive personalized, customized, and sustained counseling from subject - matter experts on navigating the financial aid process, avoiding over-borrowing, the importance of managing student loan debt, and budgeting and personal financial management skills.

One commenter recommended that parent PLUS loan borrowers not be allowed to borrow more for all their children than they can afford to repay in ten years, or by time the parent retires, whichever comes first.

In addition, PLUS loan borrowers who qualify for a PLUS loan after obtaining an endorser will also be required to complete loan counseling.

PLUS loan borrowers have nearly all the repayment options that Direct and FFEL Stafford loan borrowers have, with one big exception.

But for some borrowers, such as Parent PLUS Loan borrowers who consolidate their loans, ICR is the only income - driven repayment plan available.

We regularly hear from financially distressed parent PLUS loan borrowers.

Phone: [phone] a.m. — 8 p.m. EST Monday to Friday 877-461-7010 TDD Grad PLUS Loan Borrowers can contact Applicant Services for:

This plan is the only available income - driven repayment option for parent PLUS loan borrowers.

Many banks are starting to offer refinancing for Parent PLUS loan borrowers — big news, considering that parents could potentially save thousands of dollars in interest through refinancing.

Refinancing often makes sense for Parent PLUS loan borrowers, as there's already a lack of repayment options such as income - based repayment and forgiveness.

But for some borrowers, such as Parent PLUS Loan borrowers who consolidate their loans, ICR is the only income - driven repayment plan available.

Parent PLUS loan borrowers; it's the only plan available to them.

That is not surprising considering that the Department of Education reports that the program costs taxpayers 21 cents for every dollar in PLUS loans borrowers repay through it.

The final regulations will amend the definition of «adverse credit history» and will update the standard for determining if a potential PLUS loan borrower has an adverse credit history.

We estimate that the enhanced PLUS loan borrower counseling requirements for each graduate and professional student who qualifies for a PLUS loan based on extenuating circumstances will, on average, increase loan counseling by 0.50 hours (30 minutes).

Revise the student PLUS loan borrower eligibility criteria to state more clearly that the PLUS loan adverse credit history requirements apply to student, as well as parent, PLUS loan borrowers.

Comments: We received suggestions that included some of the recommendations for enhanced PLUS loan borrower consumer information described earlier in this section, as well as the following:

Section 428B (a)(1)(A) requires that a PLUS loan borrower not have an adverse credit history.

If you are a parent PLUS loan borrower, then the loan may be discharged if you die, or if the student on whose behalf you obtained the loan dies.

Not exact matches

In contrast, Cordes says, «Unsecured loans to small borrowers in countries I can't name or find on the map paid off just fine, 100 percent plus accrued interest.

Parent PLUS loans are similar to Grad PLUS loans, but the parent of the student is the primary borrower.

Borrowers who have Direct Stafford loans that are either subsidized or unsubsidized, FFEL PLUS loans, or FFEL consolidation loans may qualify for an income - sensitive repayment plan.

Borrowers who select a Pay As You Earn repayment program are eligible if they have Direct Stafford Loans, subsidized or unsubsidized, Direct PLUS loans to students, or consolidation loans that do not include PLUS loans made to parLoans, subsidized or unsubsidized, Direct PLUS loans to students, or consolidation loans that do not include PLUS loans made to parloans to students, or consolidation loans that do not include PLUS loans made to parloans that do not include PLUS loans made to parloans made to parents.

With a graduated repayment program, federal student loan borrowers with Direct Stafford Loans, subsidized or unsubsidized, PLUS loans, or consolidation loans have a fixed monthly payment that adjusts every two or three yLoans, subsidized or unsubsidized, PLUS loans, or consolidation loans have a fixed monthly payment that adjusts every two or three yloans, or consolidation loans have a fixed monthly payment that adjusts every two or three yloans have a fixed monthly payment that adjusts every two or three years.

Grad PLUS loans are offered through the Department of Education, and borrowers with a strong credit history are eligible to request funds through the program.

Borrowers with Direct Stafford loans, both subsidized and unsubsidized, those with PLUS loans, or consolidation loan may opt for the standard repayment program.

Borrowers with Direct Stafford loans, subsidized or unsubsidized, PLUS loans, or consolidation loans may opt for the extended repayment plan.

Under an income - contingent repayment program, borrowers with Direct Stafford loans of any kind, PLUS loans made to students, and consolidation loans have their monthly payment based on the lesser of 20 percent of discretionary income or the amount due on a repayment plan with a fixed payment over 12 years, adjusted for income.

The goal of yield maintenance is to allow the conduit lender to reinvest the money returned from the borrower, plus a penalty fee, into bonds or other investments and receive the same cash flow as if the loan hadn't been paid off early.

There are four income - driven plans plus an income - sensitive plan that is available only to low - income borrowers with Federal Family Education Loans.

Parent PLUS borrowers must consolidate loans first.

NOTE: Direct PLUS Consolidation Loans, which include PLUS Loans made to parent borrowers before July 1, 2006 must be re-consolidated into a Direct Consolidation Loan to qualify for repayment under the ICR plan.