Parent Plus Loan FAQ

[4kidsdad]

<p>I don’t think Parent PLUS borrower has any deferment, unless the borrower also is a student. See <a href=“http://www.direct.ed.gov/parentrepay.html”>http://www.direct.ed.gov/parentrepay.html&lt;/a&gt;

There is no grace period for a Direct PLUS Loan—the repayment period begins 60 days after your school makes the last disbursement of the loan. However, if you’re a parent PLUS borrower who is also a student, you can defer repayment while you’re enrolled in school at least half time and (for Direct PLUS Loans first disbursed on or after July 1, 2008) for an additional 6 months after you graduate or drop below half-time enrollment.

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