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Parent PLUS Loan

Cost Index 135 What is the Cost Index?

Student Loan Description The Parent PLUS Loan allows parents to borrow the total cost of their child’s undergraduate education including tuition, room and board, supplies, lab expenses, and travel less any other aid. * Fixed interest rate of 8.5% * Full deferment options available to those who qualify * Interest paid may be tax deductible Parents can borrow federally guaranteed, low interest rate loans to help pay for their child's education without needing to worry about collateral.

Student Loan Overview Type PLUS Cost Index 135 Amount Received $10,000 Change Amount Interest Rate 8.5%		Payment Details In-School / Grace Interest Payments — Monthly Payment $133 # of Payments 118 Final Payment $2 Total Paid $15,725
Borrower Benefits Auto-Debit Interest Rate Reduction of 0.25%
Additional Information
Minimum Payment $50 Repayment Fee — Application Fee — Origination Fee 3% Deducted from Disbursement Federal Default Fee — In-school Period — Grace Period 6 months Pay Interest During In-School and Grace Periods Change Subsidized Change Interest Capitalizes before repayment At repayment		24/7 Application Processing Benefits Lost if Loan Sold Co-signer Required Sometimes Online Application Benefit Recovery Clause

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