IDNLearn.com: Your one-stop destination for reliable answers to diverse questions. Ask anything and receive prompt, well-informed answers from our community of experienced experts.
Sagot :
Final answer:
Direct PLUS Loans can be taken out by parents, grandparents, or graduate students to cover extra college expenses, but borrowers need to be aware of the responsibilities attached to these loans.
Explanation:
Direct PLUS Loans are loans that can be taken out by parents, grandparents, or graduate students to help cover additional college costs. These loans require a credit check, have higher interest rates, and the maximum amount you can borrow is the remaining cost of attending school. It's crucial for borrowers to understand that whoever is on the loan is responsible for it indefinitely, and repayment difficulties can even lead to the government garnishing Social Security benefits.
Learn more about Direct PLUS Loans here:
https://brainly.com/question/11549842
Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Thank you for visiting IDNLearn.com. We’re here to provide clear and concise answers, so visit us again soon.