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Federal Direct PlUS Loan APPlication University of Maine Umaine  Form

Federal Direct PlUS Loan APPlication University of Maine Umaine Form

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student loans there's so much controversy misinformation and downright lies about direct student loans so I wanted to clarify that and give you an update on what's going on on the student loan front [Music] well today Americans are $1.7 trillion dollar in student loan debt not million not billion but trillion dollars now of that $1.7 trillion dollars the majority of that is in actual graduate loans not undergraduate loans and 6% is in Plus Loans those are parent loans for undergraduate students so let's understand what a direct student loan is for undergraduate students uh undergraduate uh loan a direct loan is actually in the students name mom and dad do not have to coign for the student all they have to do is give a reference so that student loan debt is in the student's name and will follow the student St the current interest rates on the 2024 2025 school year is 6.5% and there is a 2% origination fee now these loans can be subsidized or unsubsidized

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