Ascent Blog

Choosing a College Major: Which Major is Right for Me?
Stuck on what to choose? Here are a few questions you can ask to help identify your goals and interests… Read More
5 Ascent Employees Share Their Community College Journey
May 10, 2022 | By: Ascent
Categories: Blog, For College Students, For High School Students, For Students
Our team members all took different paths and ended up here at Ascent! Read their community college experience and tips… Read More
Breaking into Tech: Shelbi Chandler | MarketPlaces Commerce Business Partner, Google
Dec 09, 2022 | By: Ascent
Categories: Blog, Celebrating Women, For Bootcamps, For College Students, For Students
We had chatted with Shelbi about how she fell in love with tech, and what companies can do to make… Read More
Searching for an Internship? 6 Interns Share Their Red & Green Flags
Apr 27, 2022 | By: Ascent
Categories: Blog, For College Students, For High School Students, For Students
Our team of interns shared why they wanted an internship, red and green flags when searching, and what ultimately determined… Read More
The Micro Internship: a Virtual Experience with a Hands-On Outcome
Apr 27, 2022 | By: Ascent
Categories: Blog, For College Students, For High School Students, For Students
Explore our links throughout the blog to learn more about how you can find a micro-internship opportunity to expand your… Read More
6 Thoughtful Gifts to Give Someone Starting a Coding Bootcamp
Apr 21, 2022 | By: Abigail Liu
Categories: Blog, For Bootcamps, For Students
Starting a tech bootcamp can be a big step. Whether it’s your roommate or friend, here are six gifts to… Read More
Coding Bootcamp Alumni Share The Best Ways to Avoid Burnout
Apr 19, 2022 | By: Ascent
Categories: Blog, For Bootcamps, For Students
We had the opportunity to talk with some bootcamp alumni about how they battled burnout and what advice they have… Read More
How to Prep For Your College Graduation: A Checklist
Apr 13, 2022 | By: Ascent
Categories: Blog, For College Students, For Students
What I need to complete in my last semester of college has been a priority. Here’s a checklist I created… Read More
Breaking Into Tech: Courtney Cox | Associate Software Developer, Sky
Mar 24, 2022 | By: Ascent
Categories: Blog, Celebrating Women, For Bootcamps
We chatted with Courtney about her experiences in the tech world, and what tips she has for others looking to… Read More
What Are Parent PLUS Loans? Know the Facts
Jun 09, 2025 | By: Ascent
Categories: Blog, For Cosigners, For Students
What are Parent PLUS loans, and should you look into one? Ascent Funding breaks down what Parent PLUS loans are… Read More

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{ “@context”: “https://schema.org”, “@type”: “FAQPage”, “mainEntity”: [{ “@type”: “Question”, “name”: “What Are Parent PLUS Loans?”, “acceptedAnswer”: { “@type”: “Answer”, “text”: “The federal Parent PLUS loan is one of several undergraduate student loans offered by the Department of Education (DOE). Families can use Parent PLUS loans to cover the cost of standard undergraduate programs and graduate programs at traditional colleges and universities. The PLUS loan for parents is part of the William D. Ford Federal Loan (Direct Loan) Program. To receive a Parent Plus loan, parents must complete a Direct Plus Loan Master Promissory Note (Direct Plus Loan MPN) and go through an online application process. From there, you will go through an evaluation process, and the federal government will determine if you are eligible to receive the loan.” } },{ “@type”: “Question”, “name”: “What Is the Interest Rate of Parent PLUS Loans?”, “acceptedAnswer”: { “@type”: “Answer”, “text”: “So, how do Parent PLUS loans work in regards to interest rates? Parent PLUS loans have a fixed interest rate, but that rate may change depending on the loan’s disbursement. On July 1, the new rate will take effect for the next academic year. Loans disbursed between July 1, 2021, and July 1, 2022, will have an interest rate of 6.28%. It’s important to distinguish between unsubsidized and subsidized loans. The government pays the interest that accrues for subsidized loans while your child is in school at least part-time. However, the Parent PLUS loan is unsubsidized, which means you may be responsible for the interest that accrues during the loan’s entire lifetime.” } },{ “@type”: “Question”, “name”: “How Do Parent PLUS Loans Work?”, “acceptedAnswer”: { “@type”: “Answer”, “text”: “Most schools require parents to submit the PLUS loan application. You can find the application online at StudentLoans.gov, but it’s important to check with your child’s school first. Some schools have different requirements and application processes you’ll need to follow. The loan can’t be borrowed by anyone else or transferred into another person’s name, including the student you are supporting. You, the cosigner, will also be solely responsible for repaying the loan. It will not show up on your student’s credit or show on their credit history since this is not a cosigned student loan. You can also borrow up to the total cost of your child’s expenses after financial aid. If you haven’t completed the Free Application for Federal Student Aid (FAFSA), make sure you complete the application before you apply for the Parent PLUS loan. Through the Parent PLUS Loan, you can borrow up to your child’s total cost of attendance. It’s up to your child’s school to determine what that “total cost” figure will be.” } }] }