With the decision deadline of May 1 in the rearview mirror many families are trying to figure out ways to cover unmet college costs. Did your student receive a federal direct loan on their financial aid award letter? Parents, are you considering borrowing from the Parent PLUS Loan Program to finance your share of the tuition bill? In this video, finance educator Shannon Vasconcelos explains what it means to borrow a direct loan.

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Written by Shannon Vasconcelos
Shannon Vasconcelos is a college finance expert at College Coach. Before joining College Coach, she was a Senior Financial Aid Officer at Tufts University and Boston University. Visit our website to learn more about Shannon Vasconcelos.