A co-signer is a person, often a parent or guardian, who agrees to repay the loan if the student doesn’t. Private student loans may require a co-signer. It’s important to remember that a co-signer is as responsible for loan repayment as the student. Missed payments or defaults will...
“If folks have a way to determine the range of affordability prior to the onset of the college search, the outcomes are a lot better. For example, if one knows that the range of affordability is between $30,000 [a year] with no parent debt and $50,000 with pare...
If you’re a Parent PLUS borrower If you’re undergoing rehabilitation training If you’re experiencing unemployment You request a deferment through your loan servicer. If you choose to do this, you’ll complete a request form and submit it along with any documents that prove you’r...
Direct PLUS loanIf the usual direct loans still don’t cover the cost of your education, a parent is legally allowed to take out a loan in their name to help their student pay for school.Related: Parent PLUS Loans and Covering College Costs...
As a parent, as a consumer, working with the FAFSA is as secure as it would be working with any other sort of banking and investment institution," Kelly says. More concerning, he says, are issues outside of the official FAFSA form. "We always think about those things we as ...