What does "Fed Direct Parent PLUS Loan" mean?

<p>Lyn… thank you for your kind words.</p>

<p>Many people misuse the words “full ride” or “free ride” scholarship.</p>

<p>In some cases, the “free ride” is all need based aid (mostly grants) and given to low income students by schools who “meet need”.</p>

<p>But some wrongly use it to describe “free tuition” scholarships, and some wrongly describe a FA pkg that is a mix of grants, work-study, student loans, and Plus loans as a “full ride” because they’re not having to fund anything up front themselves. It’s silly because of if you bought a home w/o a down payment, who’d say that they got a free home?</p>

<p>Unfortunately, with so many people wrongly using the terms, it can frustrate others who are wondering why their pkgs weren’t so seemingly generous. </p>

<p><<<
All schools will be able to claim “Your OOP is $0” if they include Parent PLUS Loans in their financial aid.
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<p>Right.</p>

<p>And Thumper is right when she says that Plus loans aren’t part of the “student award”. </p>