Help! My Child Isn’t Making Parent PLUS Loan Payments
If your child isn’t making the Parent PLUS Loan payments they promised, things can get ugly. Responsibility for paying the bill is complicated.
Latest Posts in Parent PLUS Loans
A Guide to Parent Plus Loan Repayment
Repayment options for Parent PLUS loans include income-driven repayment plans, loan forgiveness, and refinancing.
How Children Can Help Parents Repay Parent PLUS Loans
Parent PLUS loans are legally the responsibility of the parents, but there are many different ways children can help with repayment.
Public Service Forgiveness for Parent PLUS Loans
It is possible for Parent PLUS loans to qualify for Public Service Loan Forgiveness (PSLF), but borrowers have to jump through some hoops.
Parent PLUS Loan Repayment for Borrowers on Social Security
Repayment of student debt is difficult if you are living on social security. However, low payments and student loan forgiveness are both possibilities.
Deciding Between Parent PLUS Loans vs. Private Student Loans
Borrowers should almost always choose federal student loans over private loans. However, a private loan might work better than a Parent PLUS loan in some circumstances.
The Pros and Cons of Parent PLUS Loans
Parent PLUS loans work differently than all of the federal loans. Families should understand all of the pros and cons before signing up.
The Biggest Parent PLUS Loan Mistake…
If you manage your Parent PLUS loans wrong, it could result in permanent double payments for all of your federal student loans.