Parent Loans for Undergraduate Students
PLUS. A non-need-based loan made to the parents of an undergraduate student. This loan is made from the federal government and is processed much like a consumer loan. It is dependent upon the borrower's credit rating and does not have a stated maximum amount. Parents may borrow up to the difference between education costs and financial aid received. Repayment begins two months after the loan proceeds are disbursed and must be repaid within ten years.
This content can be found on the following page:
http://www.investorwords.com/cgi-bin/getword.cgi?id=5708&term=Parent%20Loans%20for%20Undergraduate%20Students
email to a friend
print this definition
cite this definition
link to this page
Copy and paste this HTML in your website to link to this page
Related Research Articles from the InvestorGuide.com University
Bankruptcy
More than a million Americans declared bankruptcy last year, and that number continues to rise. Learn everything you needed to know about bankruptcy, including the different types: Chapter 7, Chapter 11, and Chapter 13.
Credit Reports
Explains the concept of a credit report, and describes information found on a credit report, including identifying information, credit information, public record information, and inquiries.
Credit Cards
Learn how credit cards, despite the convenient and useful way to pay for products and services, also encourages excessive spending that lead to debt accumulation and high interest rates on the money owed. Understand why the use of credit cards is recommended only for those who intend to pay off the balance each month, and consider the types of credit cards carefully.
|
