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Parent PLUS Loans: These are federal loans that parents of dependent undergraduate students can use to help pay for college or career school. Parents need to have a good credit history to qualify ...
As a parent, you might want to help pay your child’s way through college, even if that means taking on student loans. Two-thirds of parents who cosigned student loans or took out parent student ...
With the rising cost of tuition, many parents haven't saved enough before their child begins college. When a payment plan through the university -- while their child attends school -- isn't ...
A PLUS Loan is a student loan, which is part of the Federal Direct Student Loan Program, offered to parents of students enrolled at least half time, or graduate and professional students, at participating and eligible post-secondary institutions. The original, now obsolete, meaning of the acronym was "Parent Loan for Undergraduate Students".
In a parent PLUS loan, the parent can authorize the school to use the loan for other educationally related charges after tuition and room and board. [ 11 ] Direct Subsidized : A direct subsidized federal loan is for eligible students to cover costs at a four year institution, community college, or vocational school.
If you’re looking for a student loan to help your child pay for college, you have two options: a private or a federal student loan. SoFi Parent Loan vs. Parent PLUS Loan: Which Is the Better Option?
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