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If youre still making payments on your Parent PLUS Loan after 25 years of on-time payments (for a total of 300 payments), the remaining balance of your loan will be forgiven.
The maximum PLUS loan amount you can borrow is the cost of attendance at the school your child will attend minus any other financial assistance your child receives. The cost of attendance is determined by the school.
The status of a Direct PLUS Loan can be found by either logging in to your account or by contacting your student loan servicer. Not sure who your loan servicer is? Log in to StudentAid.gov to view your servicer information.
To increase a loan amount for the same borrower, same loan period, for the same student, you can submit a new application or select the option to Change the application.
When you receive your Direct PLUS Loan, you will be contacted by your loan servicer. Your loan servicer will provide regular updates on the status of your Direct PLUS Loan and will provide you with information on how and when to repay your loan.

People also ask

How do I request an increase in the amount of a parent PLUS loan? Log in with your account username and password (FSA ID). Select PLUS Loans: Grad PLUS and Parent PLUS under the Loans and Grants heading from the top. Under Select a borrower type, select I am a Parent of a Student.
Heres how to check on your loan status: Federal student loans: To check your FAFSA status, you can log into your FAFSA account and look at the My FAFSA page. If your federal loans have been approved, check with your loan servicer for the disbursement status.
How long does processing take? Due to the value of PLUS applications at peak times (particularly summer and the start of the Fall term), PLUS loans can take 4 weeks for processing and for the loan to be posted on the students financial aid summary.

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