August 25, 2009

Can I repay the PLUS loan early? Are there penalties?

Posted in Parent PLUS Loans, The Financial Aid Process at 7:43 AM by Joe From Boston

Yes! You can repay the Parent PLUS Loan early without any penalties.

There are never any pre-payment penalties for Parent Plus loans. If you pay the loan in full you will not be responsible for any future interest, and you will not be charged with any penalties.

If only all loans were like this!