Re:Regulators Shut Down Lending Platform (YC Alum) LendUp
by dragonwriter on Wednesday December 22, 2021 @11:45PM
(#29658741)
> Federal Plus loans were 8.5% until that program was shut down in 2010.
Federal PLUS loans were never shut down, are still available [0]; what was shut down was non-Direct federal loans, including the non-Direct PLUS loans, which had a higher interest rate than Direct PLUS loans. [1]
Federal PLUS loans were never shut down, are still available [0]; what was shut down was non-Direct federal loans, including the non-Direct PLUS loans, which had a higher interest rate than Direct PLUS loans. [1]
[0] https://studentaid.gov/understand-aid/types/loans/plus
[1] scroll down to “Interest Rates on Federal PLUS loans” which shows historical direct and non-Direct (FFEL) rates: https://www.savingforcollege.com/article/historical-federal-...