Again, payment can be deferred until the student leaves school. The student does not need to demonstrate need, but interest accrues immediately. All students are eligible. The Federal PLUS Loan Program helps parents assist their children in paying for higher education. All parents of eligible students may apply regardless of financial need.
Loan amounts are available for the full cost of education minus other financial aid.
The principal loan amount and interest payments begin immediately after loan disbursement. However, many lenders such as The MES Foundation offer significant discounted rates on their federal student loan programs. There are several discounted federal student loan programs available to Maine families, but none can save you as much money as the SuperLoan . SuperLoan is the exact same federal Stafford and PLUS Loans found anywhere else, only at a much lower cost. There are several ways you can apply for your federal student loans.