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).
Sample 1Sample 2Sample 3
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.”
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2Sample 3

Examples of PLUS Loan in a sentence

  • The parent (not the student) is the borrower of a Parent PLUS Loan and therefore the parent is responsible for repaying the loan.

  • For any loan funds that the student must return, the student (or the parent for a Direct PLUS Loan) must repay the loan in accordance with the terms and conditions of the promissory note.

  • In addition to the student completing the FAFSA and meeting the basic eligibility requirements for federal student aid, an additional application is required for a parent to borrow a Parent PLUS Loan.

  • Any loan funds that you must return, you (or your parent for a PLUS Loan) repay in accordance with the terms of the promissory note.

  • 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.


More Definitions of PLUS Loan

PLUS Loan means a Student Loan made pursuant to Section 428B of the Higher Education Act.
Sample 1Sample 2Sample 3
PLUS Loan means a loan provided under 20 U.S.C. 1078-2;
Sample 1Sample 2Sample 3
PLUS Loan means a Financed Student Loan made pursuant to the provisions of the PLUS program established under Section 428B of the Higher Education Act (or predecessor provisions).
Sample 1Sample 2Sample 3
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).
Sample 1Sample 2Sample 3
PLUS Loan means a parental loan for undergraduate students, made in accordance with the Higher Education Act.
Sample 1Sample 2Sample 3
PLUS Loan means a loan provided under 20 U.S.C. 1078-2; (5) repealed 11/16/2012;
Sample 1Sample 2
PLUS Loan means a FFELP Loan made pursuant to Section 428B of the Higher Education Act.
Sample 1