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Fast Same Day Personal Loans Installment payday loans A: PLUS stands for "Parent Loan for Undergraduate Students" and it is through these that parents of the student can take a federally sponsored loan and help them pay for college. There are two types of PLUS loans. One includes the Direct PLUS Loan, which is directly lent by the federal government, and the other is FFEL which is sourced through a private lender.
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