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After you receive your parent plus loan, you will be contacted by your loan servicer (you will repay your loan to the loan servicer) Typically a parent plus loan is repaid within ten years, but you may be eligible to extend your repayment term up to 25 years depending on your total outstanding balance. Your loan servicer will provide regular updates on the status of your parent plus loan.
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Information about how to manage loans taken out for higher education, including how to find a loan, make a payment, and apply for loan forgiveness. Headquartered in knoxville, tennessee, edfinancial services is your student loan servicer And for borrowers with multiple children in college, it's worth noting that taking out a separate parent plus loan for each student can sometimes affect your eligibility for aid packages.
The status of a direct plus loan can be found by either logging in to your account or by contacting your student loan servicer
Not sure who your loan servicer is Log in to studentaid.gov to view your servicer information You can also ask aidan, “who is my loan servicer?” Under this loan program, parents may borrow up to the cost of education at a particular institution minus any financial aid a student receives
Repayment of a plus loan begins within 60 days of final disbursement and can take up to 25 years based on the total outstanding balance. We provide customer service on behalf of your lender, including answering your questions, helping you with repayment plans, and processing your student loan payments.
