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Parent PLUS loans are a type of federal student loan that are also eligible for discharge due to death. Because these are loans taken out in the parents’ name for the benefit of a child, they ...
For student loans, it greatly depends on the loan — for example, federal Parent PLUS loans discharge the debt when a cosigner (or parent) dies, while private student loans may require full ...
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".
Consolidate Parent PLUS Loans. If your parents have taken out Parent PLUS loans to help you with college, consolidating them into a direct consolidation loan could make paying them off easier.
Aside from student loan debt taken out by a spouse, the other consideration is debt taken out for children, like Parent PLUS loans or private student loans. "Parent PLUS loans for children are ...
The parents of dependent undergraduates can use a Direct PLUS Loan, commonly referred to as a Parent PLUS loan, to borrow up to the cost of the student's attendance each year with no limit on the...
With all the talk surrounding President Joe Biden's student loan forgiveness plan in the headlines, it's easy to forget that borrowers and their families have other things on their minds when it ...
In these cases, colleges may offer parents a federal Parent PLUS loan. This is a loan made to the parent of a qualifying student. With college tuition rising each year, finding the funds to cover ...
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