do parent plus loans accrue interest while in school

Best answer


The borrower of a Parent PLUS Loan can request deferment of their loan while their student is in school at least half-time, and for six months after they graduate or leave school.Interest will still accrue on the loan during periods of deferment.

People also ask


  • What are the Parent PLUS loan interest rates and fees?

  • Parent PLUS loan interest rates and fees for the 2020-21 school year equal 5.30%. That is significantly higher than the 2.75% rate offered on Direct Loans extended to undergrads for the same period. 1

  • Should you ask your parents to pay your student loan interest?

  • Perhaps your parents are willing to pay your student loan interest while you’re in school. Could you sweeten the deal by asking them to pay it as long as you maintain a certain GPA? If your classes and studies are all-consuming, focusing on academics may be more valuable than paying down interest.

  • What is a Parent PLUS loan deferment?

  • The borrower of a Parent PLUS Loan can request deferment of their loan while their student is in school at least half-time, and for six months after they graduate or leave school. Interest will still accrue on the loan during periods of deferment.

  • Can I transfer my Parent PLUS loan debt to my student?

  • If you wish to transfer responsibility to your student, you will need to consult with a debt consolidation professional. They may be able to help your student take out a new loan to pay off your Parent PLUS Loan, thus transferring the debt to the student.

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