Western Michigan University’s Parent Plus Loan

The Western Michigan University Student Financial Assistance Office offers Parent PLUS Loans to parents who wish to help their students pay for college tuition costs.

Parent PLUS loans have flexible repayment terms, making them ideal for those families with unique financial circumstances. However, borrowers may find themselves saddled with fees if they do not use loan funds responsibly.

Before applying for a parent PLUS loan, borrowers should consider whether borrowing money is the best way to finance their student’s education.

Parents who receive a federal Pell Grant are eligible to apply for a Parent PLUS loan. Parents who qualify for both a Pell Grant and a Stafford loan or a subsidized Federal Direct Loan (Sallie Mae) may also be able to take advantage of a Parent PLUS loan. As long as at least half of a borrower’s family income comes from other sources, his or her spouse, children,children, or siblings may also be eligible to borrow under certain conditions.

About Western Michigan University:University:

Western Michigan University (WMU) is a premier urban research university dedicated to undergraduate teaching and public engagement. WMU enrolls approximately 26,000 undergraduate students and nearly 4,000 graduate students in its 10 colleges and schools.

Western Michigan University’sUniversity’s Parent Plus Loan

Mortgage rates dropped further today after rising last week in anticipation of the Fed’s interest rate decision at its March meeting, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS).

The 30-year fixed mortgage rate fell 2 basis points to 5.52%, and the 15-year fixed loan was unchanged at 4.17%,4.17%, with an average 0.6 point over the past week.

“Mortgage rates continued their downward trend yesterday, following two consecutive days of increases,” said Frank Nothaft, chief economist, Freddie Mac. The decline in the 30-year fixed mortgage came after Federal Reserve Chair Janet Yellen stated that the central bank could increase the federal funds rate as early as June.

The average contract price for existing single-family homes sold in February increased 1.4 percent year on year to $212,600, according to the report.The average contract price for existing single-family homes sold in February increased 1.4 percent year on year to $212,600, according to the report.The inventory remained low with a supply of just 6 months at the current sales pace.However, home prices rose 9.8 percent from February 2017 to February 2018. However, home prices rose 9.8 percent from February 2017 to February 2018.

Pre-owned home sales increased 8.9 percent in the Midwest region in 2018, but fell 0.4 percent nationally.Pre-owned home sales increased 8.9 percent in the Midwest region in 2018, but fell 0.4 percent nationally.Furthermore, the median price of a home in the Midwest region reached $221,000, a 12.9 percent increase year over year.Furthermore, the median price of a home in the Midwest region reached $221,000, a 12.9 percent increase year over year.However, prices fell 3.0 percent nationwide.

Home inventoryHome inventory remains low due to strong demand from first-time buyers who are eager to purchase a home before prices rise even higher. At the same time, homebuyers are having trouble paying cash for their homes.

The number of distressed properties, on the other hand, fell 27.7 percent year on year, while the total dollar value of foreclosures fell 25.2 percent. The number of distressed properties, on the other hand, fell 27.7 percent year on year, while the total dollar value of foreclosures fell 25.2 percent. Distressed property values have been declining since November 2016,2016, when the average distressed property sold for $97,500.

“Western Michigan University (WMU) Parent Plus, LLC was formed in 2016, after WMU’s Board of Regents approved borrowing $800 million over five years. After many meetings, extensive research, and careful planning, this private company will now provide innovative student loan solutions to parents at Western Michigan University.

Parents who have undergraduate students at Western Michigan University are eligible for a $500 parent PLUS loan. To qualify, parents must have a child currently attending WMU full time. Students must be enrolled in a degree-seeking program, and they must receive financial aid and/or scholarships based on family income. The maximum annual borrowing limit is $5,000. Once approved, you should check your account frequently to ensure funds are transferred to your current semester’s tuition cost. If you have any questions, please contact your financial aid office financial aid office.

You can borrow up to $5,000 per academic year (fall and spring semesters). Your loan funds are automatically deducted directly from your checking account each month. Payments are due on the 1st day of each month. Interest accrues at a rate of 6% per annum, compounded monthly. A repayment plan may be selected at the end of each semester. Repayment begins 6 months after the last payment  and continues until the entire loan balance is paid off. No payments are necessary if no credit is applied toward the loan.

If you have any questions about the loan application process or need additional information, please contact Student Accounts at (269) 387-4600 or email studentaccounts@wku.edu.

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