How long will I have to repay the loan, and what are the repayment options?
Depending on the repayment option that is chosen, parents generally have 10-25 years to repay their PLUS Loan.
Repayment Options:
* Standard Repayment Plan - Fixed monthly payments for up to 10 years.
* Extended Repayment Plan - Fixed monthly payments over a period of time, not to exceed 25 years.
* Graduated Repayment Plan - Payments that start off lower at first, and the gradually increase, usually every 2 years.