Repayment does not begin until six months after the student leaves school. Unsubsidized Interest is paid by the borrower while in school or can be deferred until after separation from school. Parent Plus Loans Plus Loans are low-interest loans made to eligible parents or legal guardians who may borrow up to the full cost of education. The borrower is responsible for paying the principal and interest that accrues on the loan from the time the loan is disbursed until it's paid in full. The first payment must be made no later that 60 days after the loan is fully disbursed.
Interest is tax deductible.
10 year maximum repayment. Education loans at the Credit Union are flexible. You may borrow up to 120 months. Because financial need can vary from semester to semester, you'll be able to apply each semester for just the loan amount you need. Repayment is on a monthly basis.