What is a Parent PLUS loan — and is it money you were given?
Do you repay it? Yes
Yes — parents repay it, with interest. It's offered, not granted.
A Parent PLUS loan is a federal loan a parent can apply for, requiring a separate application and a credit check. It's listed on a letter as an option to cover remaining cost — not aid awarded to the student. Parents, not students, are responsible for repaying it.
What it looks like on your letter
Federal Direct Parent PLUS LoanPLUS LoanParent LoanNot sure how this affects your price?
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