Repayment of interest and principal starts 60 days after the loan is disbursed. This loan is based on a credit analysis of the parents, which is determined by the lending agency. Interest rates vary depending on the federal interest rate. The lending agency can provide more information on this loan. All students must first apply for a Federal Pell Grant and a Federal Stafford Loan before applying for a Federal PLUS Loan.
Interest rates vary depending on the federal interest rate.
This loan is based on a credit analysis of the student which, is determined by the lending agency. Repayment of interest and principal begins 60 days after the loan is disbursed. Federal unsubsidized borrowers are eligible for deferment under the same conditions as Federal Stafford Loan borrowers except that the interest must be repaid during the deferment period. All students must first apply for a Federal Pell Grant and a Federal Stafford Loan before applying for a Federal Unsubsidized Loan. All Federal Unsubsidized borrowers must attend an entrance and exit interview.