2013-2014 federal direct parent plus loan request form - trinitycollege-2025

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Direct Subsidized/Unsubsidized Loans have a lower fixed interest rate (6.8%) than Direct PLUS Loans (7.9%), and no interest is charged on Direct Subsidized Loans while you are in school at least half-time or during grace and deferment periods. Interest is charged on Direct PLUS Loans during all periods.
Higher interest rates than other federal loans With the parent PLUS loan at a higher interest rate, youd be paying thousands of dollars more in interest than the unsubsidized federal loan. For some families, it might be a better option to take out a loan in the students name to access these lower fees.
If youre a parent or graduate student seeking a Direct PLUS Loan, one of the requirements to qualify is that you must not have an adverse credit history. If your application is denied because of an adverse credit history, dont give up. You still have options.
The school will first apply parent PLUS loan funds to the students school account to pay for tuition, fees, room and board, and other school charges. If any loan funds remain, your childs school will give them to you to help pay other education expenses for the student.
Federal Direct PLUS loans are federal loans that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school. You must complete a new Direct PLUS Application for each year you wish to receive a parent PLUS loan.
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Your parents PLUS loan will be discharged if your parent dies or if you (the student on whose behalf your parent obtained the loan) die.

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