🏫 College Advising

Which statement accurately describes the Federal Direct PLUS Loan program for parents?

A Eligibility is primarily based on the parent's demonstrated financial need.
B The loan interest rate is fixed and generally lower than unsubsidized direct loans.
C Parents can borrow up to the student's cost of attendance minus any other financial aid received.
D Repayment always begins immediately after disbursement, with no deferment options.

✓ Correct Answer: Option C

Parent PLUS Loans are credit-based loans allowing parents to borrow up to the student's cost of attendance, less any other aid. They are not need-based, and deferment options exist.

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