Below you'll find a list of all posts that have been tagged as “parents”
Private student loans should come with a warning label. For many borrowers, student loans are a necessary tool in the pursuit of the American dream. Used properly, student loans can be an excellent investment in the future. The problem with student loans is that things don’t always go as planned. …
When families set aside money for college, that money is normally utilized before borrowing any student loans. This traditional approach has served many families well. After all, why would somebody borrow money to pay for college if they already have some money set aside to pay for school? Unfortunately, the …
After many years of helping families with their student loans, I’ve had the privilege of working with people from all walks of life. I’ve seen parents struggle with weighing their retirement needs against their desire to help their children pay for school. I’ve seen kids overwhelmed with debt and I’ve …
Having a cosigner is a big deal to student loan lenders. Instead of having one person legally required to pay back the debt, cosigned loans have two. The problem faced by many cosigners isn’t just the responsibly to pay back the debt… it is the credit issues that cosigning a …
Parent PLUS loan repayment appears to be very complicated. Unlike nearly all other forms of student debt, the money is borrowed by the parent and not the student. This makes federal program eligibility confusing. These issues are present in repayment plan selection, student loan forgiveness options, and when making strategy …
Any parent with a child about to head off to college should be concerned about student debt. Used properly, student loans are an excellent tool to further educational opportunities and to build a better future. Used improperly, student loans are a recipe for financial hardship. They are easy to get, …
