PLUS loans are for parents. You qualify for this if:
Subsidized loans are available to undergrad students who meet the criteria. These students have a financial need. The federal government pays the interest on the loan while still in school, however, they do not subsidize interest during the six month post school grace period. Professional and graduate are not eligible for subsidized Stafford loans. The interest rate is 4.66%. Students do not need a cosigner. Interest is compounded monthly.
Unsubsidized loans are available to undergrads, graduates, and professional students no matter the financial need. The students are responsible for the interest until the funds are fully paid. You can postpone or pay the interest during school. If you postpone, the interest is added to your principal balance (capitalization). The interest rate for undergrads is 4.66% and the interest for graduates or professionals is 6.21%. Students do not need a cosigner.
Interest is compounded monthly.
Trufit Loan:
- you are a PARENT of an undergrad
- you are a grad or a professional student
- you or your undergrad student is enrolled for at least half of the time at a postsecondary institution that has a direct loan program
- you or the undergrad are US citizens or eligible non-citizens
- you must be the birth parent, the step parent, or the adoptive parent of the undergrad student
Subsidized loans are available to undergrad students who meet the criteria. These students have a financial need. The federal government pays the interest on the loan while still in school, however, they do not subsidize interest during the six month post school grace period. Professional and graduate are not eligible for subsidized Stafford loans. The interest rate is 4.66%. Students do not need a cosigner. Interest is compounded monthly.
Unsubsidized loans are available to undergrads, graduates, and professional students no matter the financial need. The students are responsible for the interest until the funds are fully paid. You can postpone or pay the interest during school. If you postpone, the interest is added to your principal balance (capitalization). The interest rate for undergrads is 4.66% and the interest for graduates or professionals is 6.21%. Students do not need a cosigner.
Interest is compounded monthly.
Trufit Loan: