COUNSELOR: Beth, I understand that you need additional aid to pay for your higher education and that your parents are willing to help you. They can apply for a PLUS loan. BETH: I'm so relieved to hear that. I have a but it just isn't enough. COUNSELOR: Mr. and Mrs. Arnold, let's review a couple of the loan's terms that are different from those of Beth's loan. First, you be subject to And, the interest rate on your loan will be than Beth's. MRS. ARNOLD: That's okay. We're willing to accept those terms, not only because we want our daughter to concentrate on her studies rather than get another job, but also because we like knowing that the borrowing limit is instead of COUNSELOR: Good. hen let's talk about paying back the loan. Are you aware f the general terms regarding interest and timing of repayment? MR. ARNOLD: Yes. Interest will start to accrue We'll most likely be expected to begin repaying the loan loan. And remember, the interest payments may be tax COUNSELOR: Very good. Let's start completing the application for a deductible depending on BETH: Thank you for your help. I'm looking forward to starting the next phase of my education. And, thanks, Mom and Dad! COUNSELOR: Beth, I understand that you need additional aid to pay for your higher education and that your parents are willing to help you. They can apply for a PLUS loan. BETH: I'm so relieved to hear that. I have a but it just isn't enough. COUNSELOR: Mr. and Mrs. Arnold, let's review a couple of the loan's terms that are different from those of Beth's loan. First, you be subject to And, the interest rate on your loan will be than Beth's. MRS. ARNOLD: That's okay. We're willing to accept those terms, not only because we want our daughter to concentrate on her studies rather than get another job, but also because we like knowing that the borrowing limit is instead of COUNSELOR: Good. hen let's talk about paying back the loan. Are you aware f the general terms regarding interest and timing of repayment? MR. ARNOLD: Yes. Interest will start to accrue We'll most likely be expected to begin repaying the loan loan. And remember, the interest payments may be tax COUNSELOR: Very good. Let's start completing the application for a deductible depending on BETH: Thank you for your help. I'm looking forward to starting the next phase of my education. And, thanks, Mom and Dad