Ohio University Parent Plus Loan

I came across this loan offer and I really thinkit is it is awesome! Ohio U Parents Plus Loans offers low interest rates (3% APR) on loans ranging from $500–500–$10,000. I was able to get a lower rate than my current bank’s 5-year fixed rate (4.75%). I thought I would share that with you guys!

Ohio University Parent Plus Loan

The Ohio University School of Pharmacy offers an annual parent loan program to help offset the cost of attending pharmacy school.Parents or guardians Parents or guardians of students at Ohio University who live outside of Athens County may qualify for up to $10,000 in tuition assistance per academic year (August 1–July1–July 31). Eligible families must provide documentation proving they meet eligibility requirements. To apply online, visit www.ohio.edu/pharmacy/parent-loan/. More information about the program can be obtained at www.ohio.eduparentplusloans.com.

Ohio University Parent Plus Loan

A parent loan is often used for students at Ohio University who want to borrow money to help pay for tuition, room and and board, books, or other educational expenses. There are different types of loans available, including institutional, private, federal, state-sponsored, military, and special-purposespecial-purpose. You may get a parent loan if you have been accepted to attend Ohio University and are enrolled in an academic course.

If you are eligible, then you can apply online.We need to We need to complete the application as soon as possible after being admitted to Ohio University because we need time to evaluate your eligibility. Once you are approved, you will receive information about how much interest you will pay each semester and any fees associated with the loan.

Ohio University Parent Plus Loan

An OUPPL loan provides eligible parents who are active participants in their children’s education programs at any Ohio public institution of higher learning access to low-interestlow-interest rate loans and flexible repayment options. Loans may be used for college tuition, room and board, books, supplies, computers, and technology costs. Parents should apply for the loan prior to submitting financial aid information to ensure they qualify for the program. A parent PLUS loan requires no credit check and does not require co-signer approval.

Repayment Terms

All OUPPL loans are structured to provide students with flexible repayment terms. Eligible applicants have the option of choosing between monthly payments or a fixed payment toward the total amount borrowed. The length of the loan term varies based upon the type of loan obtained. If a student changes schools before graduation, he/she can choose to consolidate his/her existing federal Perkins loansloans into the OUPPL program.

Qualifications

To obtain a PLUS loan, a parent must meet one of two requirements:

bebe a current undergraduate or graduate student enrolled full time at a participating Ohio institution of higher learning (public, private, technical school, etc.).etc.).

OR

havehave been employed full time as a teacher or administrator in Ohio for 10 years immediately preceding the date of application.

If both of these criteria are fulfilled, then the parent has demonstrated financial need. Financial need is defined as eitherhaving an having an average family income below 200% of the poverty level  or being responsible for making up a significant share of the family’s expenses.

Interest Rate

The annual percentage rate (APR) applicable to PLUS loans ranges from 0.0% to 9.8 to 9.8%. The APR will be determined using the following variables:

The maximum loan limits areare $20,500 per year for undergraduates and $23,000 per year for graduates.

The cumulative loan balance outstanding as of April 1st of each calendar year.

Ohio University Parent Plus Loan

This program was started in 2017 by Ohio University’s Financial Aid Office to help eligible parents with student loans pay for their child’s tuition at OSU. Parents who have outstanding federal student loan balances may borrow money to cover the cost of college tuition if they meet certain criteria. To qualify for the loan, your family income cannot exceed $110,000 per year (in 2018). If you make between $100,001 and 100,001 and $110,000 per year, you can receive up to $10,000 of funding. Your family’s totaldebt of debt of not exceeding $65,000 is considered eligible for the loan.

To learn more about the Parent PLUS Loan Program,Program, click here.

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