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If you took out a federal parent PLUS loan for your childs education, you dont have to start paying it back right away. Parent PLUS loan deferment is available up until six months after your child graduates or drops below half-time enrollment. Interest will accrue on the loans during a deferment.
Parents may complete a Parent PLUS Loan application or a request for an increase by logging into using their parent FSA ID and password. Once logged in, the parent will want to select Apply for a Direct PLUS Loan. Parents should select the Direct PLUS Loan application for parents.
If a parent selected the maximum loan amount on the original Parent PLUS Loan application, an increase can be processed through the loan adjustment form.
One way to have your parent PLUS loans forgiven is by enrolling in an Income-Contingent Repayment plan (ICR). Just like other income-driven repayment plans, this plan calculates your monthly payment based on a percentage of your disposable income and allows you to pay off the loan over a longer period of time.
As long as your student enrolls at least half-time, you can pause your loan payments. If your child is returning to school or seeking another degree, contact your federal loan servicer to complete an application for a parent PLUS loan deferment.

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Income-Contingent Repayment is the only income-driven repayment plan parent PLUS loan borrowers can use. To be eligible, you must first consolidate your parent PLUS loans. Switching to Income-Contingent Repayment could lower your payments docHubly if you qualify.
Parent PLUS loan deferment or forbearance may be an option in the following situations: You are (or the student for whom you took out a parent PLUS loan is) enrolled at least half-time at an eligible school. Youre unemployed or facing docHub financial hardship.
A loan deferment is a temporary postponement of monthly loan payment(s). For subsidized loans, accrued interest will automatically be paid by the Department of Education if the loan is deferred. Forbearance is a temporary postponement of principal loan payments.

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