PLUS Loan definition

PLUS Loan means a Loan that was made pursuant to the PLUS Program established under Section 428B of the Higher Education Act (or predecessor provisions).
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PLUS Loan means a Student Loan designated as such that is made under the Parent Loans to Undergraduate Students Program pursuant to the Higher Education Act.
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PLUS Loan means a Loan described in Section 428B of the Higher Education Act and shall include loans to parents, designated as “PLUS Loans” or loans to graduate or professional students, designated “Grad PLUS Loans.”
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Examples of PLUS Loan in a sentence

  • Interest does accrue during a deferment on a Direct Unsubsidized Loan, a Direct PLUS Loan, a Direct Unsubsidized Consolidation Loan, an unsubsidized Federal Stafford Loan, a Federal PLUS Loan, or a Federal SLS Loan.

  • The return of Title IV funds under the Federal Refund Policy follows a specific order, as follows: • Unsubsidized Direct Loan, Subsidized Direct Loan, Direct PLUS Loan, Pell Grant, FSEOG, Other Funding.

  • Title IV financial aid includes aid from the Pell Grant, Supplemental Educational Opportunity Grant (SEOG), Direct Loan, PLUS Loan, Xxxxxxx Loan, and TEACH Grant programs.

  • The example compares the effects of paying the interest as it accrues or allowing it to capitalize.A co-maker is one of the two individuals who are joint borrowers on a Direct or Federal Consolidation Loan or a Federal PLUS Loan.

  • Only the outstanding portion of a Federal Consolidation Loan that was used to repay an eligible subsidized or unsubsidized Federal Stafford Loan, an eligible Direct Subsidized Loan, an eligible Direct Unsubsidized Loan, or an eligible Grad PLUS Loan qualifies for loan repayment.14.2(5) Disbursement.


More Definitions of PLUS Loan

PLUS Loan means a Student Loan made pursuant to Section 428B of the Higher Education Act.
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PLUS Loan means a loan provided under 20 U.S.C. 1078-2;
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PLUS Loan means a FFELP Loan made pursuant to the provisions of the PLUS program established under Section 428B of the Higher Education Act (or predecessor provisions).
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PLUS Loan means a loan provided under 20 U.S.C. 1078-2; (5) repealed 11/16/2012;
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PLUS Loan means a FFELP Loan made pursuant to Section 428B of the Higher Education Act.
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PLUS Loan means a student loan originated under the authority set forth in Section 428A or B (or a predecessor section thereto) of the Higher Education Act and shall include student loans designated as “PLUS Loans” or “Grad PLUS Loans,” as defined under the Higher Education Act. “Principal Balance” means, with respect to any Student Loan and any specified date, the outstanding principal amount of such Student Loan, plus accrued and unpaid interest thereon to be capitalized. “Servicer” means the Master Servicer or a Subservicer. “Servicing Agreement” means the Servicing and Custodial Agreement, dated as of January 15, 2010 (the “Servicing Agreement”), among the Bank, the Master Servicer, and The Bank of New York Mellon Trust Company, National Association, not in its individual capacity but solely as eligible lender trustee on behalf of the Bank. “Servicing Policies” means the policies and procedures of the Master Servicer or any Subservicer, as applicable, with respect to the servicing of Student Loans. “SLS Loan” means a student loan originated under the authority set forth in Section 428A (or a predecessor section thereto) of the Higher Education Act and shall include student loans designated as “SLS Loans,” as defined under the Higher Education Act. “Special Allowance Payments” means special allowance payments on Student Loans authorized to be made by the Department of Education pursuant to Section 438 of the Higher Education Act, or similar allowances authorized from time to time by federal law or regulation. “Xxxxxxxx Loan” means a loan designated as such that is made under the Xxxxxx X. Xxxxxxxx Student Loan Program in accordance with the Higher Education Act. “Student Loan” means a Consolidation Loan, a PLUS Loan, an SLS Loan or a Xxxxxxxx Loan.
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PLUS Loan. A federal loan program available to parents and graduate students. A PLUS Loan Data Request Form must also be completed in the Enrollment Services Center or applied for at xxxxxxxxxxxx.xxx. The loan amount is determined either by request or by the eligibility remaining towards the student’s cost of attendance. A credit check is required and will be processed by the Direct Loan Service. The current interest rate is 7.08%. Repayment is made through the Direct Loan Program and begins 60 days after the last disbursement of the loan is received. Usually the last disbursement is received in January. Borrowers have the option of waiting until six (6) months after the student. SATISFACTORY ACADEMIC PROGRESS FOR FINANCIAL AID ELIGIBILITY
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