Understanding Direct PLUS Student Loans

This video discusses Direct PLUS student loans. Direct PLUS loans are federal student loans that are made to parents of undergraduate students, graduate students, and professional students in the United States. PLUS loans are not need-based, so nearly everyone can receive them provided you do not have an adverse credit history (if you have an adverse credit history, you need a co-signer or extenuating circumstances to get a PLUS loan). One advantage of PLUS loans is that the maximum amount is the school's cost of attendance minus any other financial aid you are receiving. Thus, theoretically you can use PLUS loans to cover any unmet financial need. PLUS loans have a fixed rate that can be found at studentaid.ed.gov
You must complete the FAFSA to be eligible for PLUS loans, so be sure to visit fafsa.ed.gov to complete your free application for financial aid.
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[@marcyvesnganpi8562]

Wow! Full explanation details in 6 mins! Thank you so much!

[@deidradickens4077]

You did a good job explaining this loans thanks so much!

[@kietraillesutton3811]

Great video! Thank you for the clarification!

[@PrerakJuthani]

AMAZING! Thank you!

[@maido8977]

Thank you so much,really clear and informative

[@RAHEEMMILLNER34]

Are you able to receive a Plus Loan and Unsubsidized Loan at the same time?

[@kidcrash3052]

What’s the max in unsubsidized loans if not approved for a plus loan ?

[@bryanbrasile2703]

My mother had to take out 20k in plus loans for me to get thru college. She will never pay a dime for my debt. That is my responsibility

[@gorilla_cuck_enjoyer4936]

Can my parents take a plus loan but I do the payment ?

[@paulshaw6149]

How long does it take to get the loan

[@sharmainelc]

it didn't take my mom long at all. I think it depends more so around the time you have to apply. My mom applied in june and we got it the next month.

[@darryluroza]

Let’s suppose my annual coa is $6,500 with no other aid. If I want a loan, my max is $6,500? Other things that I have to pay like gas, books, housing etc, basically they don’t care??