Federal PLUS Loans are loans designed for graduate and professional degreed students and parents of undergraduate students to help with the payment of education expenses. Direct PLUS Loans are eligible to borrowers at schools who participate in the Direct Loan Program.
Key Features of a Direct PLUS Loan:
1. The borrower must have a good credit history
2. These loans have a fixed interest rate of 7.9%
3. The US Department of Education is the lender
4. The max loan amount is determined by the school (the cost of attendance) minus other aid that has already been received Download PDF
The Student Loan Assistance Counsel (SLAC) is a third party provider and is not associated with any government entity including the Dept. of Education. SLAC is a private organization specializing in Document Preparation, Submission, and Tracking. We offer a free counseling session to help identify which Federal programs are available to you. Our service consists of the Preparation, Submission, and Tracking of your Federal Student Loan Consolidation Documents. Consumers are not obligated to use a third party resource and may choose to complete their own documents for student loan consolidation based on the federal programs. SLAC does not provide services for debt negotiation, debt settlement or any altering of the current debt. Our services are strictly for the assisting in the completion, submission, and tracking of federal student loan program documents.