Want to make your child a Rocket Scientist?:You can really make your dream come true.

Every parents want their children to become the most successful, most powerful figure in the world. This dream is common to almost all the parents in the world. But dreams are easy to see and challenging to fulfill. The world has become a global village and nowadays the local corporate affairs have really become global, making this world a much more competitive & challenging place to survive. Everyone is running after their dreams but less than half is fulfilled. All the companies are running after profit, people are running after them to fetch a good earning to sustain, and the rising tide of inflation rate is running after people to make them even more miserable. I think the present scenario is affecting the people so much that parents are giving up dreaming as they have become confused and unpredictable about the future of this present situation. But its time for a GOOD NEWS. We all know the saying that "where there is a will, there is a way" and the US government has showed the "WILL" by introducing the idea of a PLUS loan(PARENT LOAN FOR UNDERGRADUATE STUDENTS) which is sponsored federally for the undergraduate and dependent students. With the help of this , a parent can now dream of making his child a "Rocket Scientist" or a "Doctor" as they have got the best funding options to support their child's education.

Criteria for getting the Loan and basic features.
Parents can apply for the loan if they are doing it for the education of their undergraduate or dependent children.Parents of dependent students are eligible to get the loan. Besides the incumbent must be a US citizen. Before application a Credit check is also need to be done. One can take a loan equal to the full cost of his/her child's education. After a new law being enforced by the federal government on 1st July 2006, the interest rate of the loan taken on or after the mentioned date is fixed at 8.5%. The repayment starts after 60days of disbursement of the loan. But a parent can postpone the repayment if his/her child remains enrolled in the course or drops out or continue with the course. But a prior intimation through an written application furnishing the reason must be produced.