Available to all students regardless of need. Loan amounts are the same as for the need based subsidized program. However, under this program borrowers do not qualify for federal interest subsidy payments. Thus interest accrues while the student is in school. Repayment of principal begins six months after the student is no longer enrolled half-time.
Separate application is required.
Contact the Office of Financial Planning for additional information. Parents may borrow up to the cost of education, less any other aid, per academic year for each dependent enrolled at least half-time. Payment of PLUS loans is NOT deferred while the student is enrolled in school but begins 60 days after the final loan disbursement for the academic year for which the loan was made. Private Alternative Loan Programs Elon participates in a number of other private and state-funded loan programs. In general, these programs allow for extended repayment terms.