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).

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.

PLUS Loan means a Student Loan made pursuant to Section 428B of the Higher Education Act.

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 loan provided under 20 U.S.C. 1078-2;

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).

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).

PLUS Loan means a parental loan for undergraduate students, made in accordance with the Higher Education Act.

PLUS Loan means a FFELP Loan made pursuant to Section 428B of the Higher Education Act.

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 Federal Regulations require that students must be making measurable academic progress towards completion of an eligible degree or certification. This requires evaluation of both quantitative and qualitative academic progress as well as completion of degree objective within 150% of the normal timeframe. The policies described in this section pertain only to the awarding of financial aid. Students failing to meet the University’s satisfactory academic progress requirements will be ineligible for Federal Financial Aid which includes: Federal Xxxxxxxx Loans, Federal PLUS Loans. Students will be notified by mail and their WINS account should they need to appeal. A student will remain ineligible until such time the student meets the SAP requirements or has an appeal granted. All periods of enrollment will be included in the measurement of satisfactory academic progress including terms in which the student enrolled but did not receive financial aid. Progress will be measured once per academic year at the end of the spring term. A student who is deemed ineligible and does not successfully appeal may have his/her SAP status reviewed on individual basis at the end of any payment period. This request must be made to the WLU Financial Aid Office in writing.

PLUS Loan or "FEDERAL PLUS LOAN" shall mean a Student Loan authorized under Section 428B of the Act.