Principal is deferred. Variable interest rate. Demonstrated need is not required. The same limits apply jointly to subsidized and unsubsidized Stafford Loans. Deadline for application is May 1.
Interest is paid by the borrower while in school.
Principal and interest may be deferred at borrower's option. Variable interest rate. The PLUS is available to the credit-worthy parent of a dependent student. Demonstrated need is not required. Loan can be for cost of education per student minus other aid.