“Plus Loan”?

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If a parent takes out a “Plus Loan” to pay for their child’s education will the child have to pay the loan back if the parent dies?

2007-07-11 07:56:08 · 3 answers · asked by Hoyos 1 in Education & Reference ➔ Financial Aid

3 answers

the answer above is correct - except it actually is anywheres from 45-60 days from date of disbursement of the 2nd semesters disbursement.

2007-07-11 10:48:42 · answer #1 · answered by Andrea B 3 · 0⤊ 0⤋

No. The loan is forgiven if the parent dies. Remember that PLUS loans go into immediate repayment 60 days after disbursement...there is no grace period.

2007-07-11 08:13:15 · answer #2 · answered by JRM 5 · 0⤊ 0⤋

No, the loan will die with the parent.

2007-07-14 13:36:51 · answer #3 · answered by John 3 · 0⤊ 0⤋