JeremyWA
July 28th, 2011, 10:16 PM
Does anyone know if SLRP covers Parent PLUS loans? They are loans taken out in the parents names for a student.
The memorandum that I have in front of me from my recruiter says that "Federal Plus-Loans are now eligible"
I'm asking because I'm pretty sure there are different types of PLUS loans and just want to make sure the loan will be repayed if I take it out.
Also I have read on a couple posts that only 15% or $500 is payed back under this program a year. Can someone confirm this?
The memorandum that I have in front of me from my recruiter says that "Federal Plus-Loans are now eligible"
I'm asking because I'm pretty sure there are different types of PLUS loans and just want to make sure the loan will be repayed if I take it out.
Also I have read on a couple posts that only 15% or $500 is payed back under this program a year. Can someone confirm this?