PLUS loans for parents of dependent undergraduate students require:

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B) A credit check, and the parent borrower is responsible for repayment regardless of student status. Parent PLUS: federal loan for parents of dependent undergrads. Credit check required (no adverse credit history). Fixed interest rate, no aggregate limit (up to COA minus other aid). Parent responsible for repayment. Origination fee applies. Income-driven repayment available.

PLUS loans for parents of dependent undergraduate students require:

✓ Correct Answer: Option B

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