“Plus Loan”?
If a parent takes out a “Plus Loan” to pay for their child’s education will the child have to pay the loan back if the parent dies?
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the answer above is correct – except it actually is anywheres from 45-60 days from date of disbursement of the 2nd semesters disbursement.
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No. The loan is forgiven if the parent dies. Remember that PLUS loans go into immediate repayment 60 days after disbursement…there is no grace period.
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No, the loan will die with the parent.
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