What this means is that those who have successfully secured personal loans, despite bad credit hanging over them, face strict
limits to the sum available to borrow, higher rates of interest and, sometimes, less
flexible repayment schedules.
Direct Parent PLUS loans have three
repayment plan options, which are more
flexible than many private parent loan options, but more
limited than the Direct Loan options for students.
Take note of each lender's loan amount
limits,
repayment periods, interest rates, fees, and
flexible payment options.
There is no credit criteria on Federal Direct Subsidized and Unsubsidized loans (and they come with low fixed rates and very
flexible repayment terms), so make sure you have exhausted the annual
limits on those first.
Federal student loans are required by law to provide a range of
flexible repayment options, including, but not limited to, income - based repayment and income - contingent repayment plans / Graduated Repayment and Extended Repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to
repayment options, including, but not
limited to, income - based
repayment and income - contingent repayment plans / Graduated Repayment and Extended Repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to
repayment and income - contingent
repayment plans / Graduated Repayment and Extended Repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to
repayment plans / Graduated
Repayment and Extended Repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to
Repayment and Extended
Repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to
Repayment plans, and loan forgiveness and deferment benefits, which other student loans are not required to provide.