Parent PLUS Borrower Deferment Request - Student AidParent PLUS Borrower Deferment Request - Student: Fill out & sign online

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Are students obligated to pay parent PLUS loans?

The student is not responsible for repaying a Parent PLUS Loan. Theyre under no legal obligation to do so. If a parent has an adverse credit history, they must obtain an endorser who will agree to repay it if they dont.

What is parent plus borrower deferment request?

Parent PLUS Borrower Deferment You may qualify for this deferment if youre a parent who received a Direct PLUS Loan to help pay for your childs education, and the student you took the loan out for is enrolled at least half-time at an eligible college or career school.

What happens if you defer a parent PLUS loan?

A parent PLUS loan deferment or forbearance pauses payments while your child is enrolled at least half-time or up to six months after graduation. However, interest typically accrues during forbearance and deferment, increasing the total cost of your parent PLUS loan.