PLUS Loans
ugg soldesA $1 billion-a-

year program of federally guaranteed loans to parents to help pay

the costs of college and university education for their dependent

children. The program permits parents to ugg pas cherborrow,

collateral-free, up to the total cost of their children’s

education, less whatever financial aid funds the children might

have received from grants or loans of their own. Officiallyair max bw called Federal PLUS

loans, they are issued on the basis of creditworthiness rather

than need and are available either as Direct PLUS loans from the

Department of Education or Federal Family Education Loans from

commercial banks, credit unions, savings and loan associations and

programs such as CollegeCredit sponsored by the COLLEGE BOARD.ugg boots

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The government guarantees repayment of principal and interest,

which, though variable (and nearly 8% in 2006–07), is capped at

9%. Parents must also pay an origination fee of 3% and an

insurance premium of 1%, and they must begin repaying the loan 60

days after the money is loaned. Repayment is spread over 10

years.air max bw pas

cher