 |
| Federal PLUS Loan Need Based: No Per Year Maximum: Cost - Financial Aid Example: A standard budget for an on-campus student in 2006-2007 is $28,330, and the student is receiving $14,000 in financial aid. The parents would be eligible for the difference of $14,830. Cumulative Maximum: None - Based on parent's credit worthiness. Origination Fee: 3.00%-4.00% Interest Rate: As of July 1, 2006 the interest rate is fixed at 8.5%. Repayment: Interest begins accruing from the date the funds are made available by the lender and repayment begins within 60 days of the second disbursement of the loan. You have up to 10 years to repay the loan. Who is Eligible: Parents and stepparents of dependent undergraduate students attending school at least half time. How to Apply: Compare lender benefits and apply online. The online site provides a lender comparison of benefits offered. PLUS loans are not dependent on your family's income or assets; however, credit checks are required. If you require a paper application please contact the financial aid office. New Borrowers | Repeat Borrowers |
||
 |
||
| Student Portal at MyFinancialAid.cord.edu |
||
| School Code: 002346 | ||
| Prospective Students | ||
| Current Students | ||
| International Students | ||
| Helpful Web sites | ||