» MORE: Should parents pay for college? Before taking out parent student loans, make sure that: Your child has maxed out federal student loan options. You’re saving enough for retirement. You’ve paid off high-interest debt, like credit cards. » MORE: How Black parents can avoid the...
Parent loans for college help pay for a child's education, but parents should carefully weigh their options before borrowing any money. The Best Parent Student Loans for College Lender Learn More Fixed APR Variable APR Max. Loan Amount Min. Credit Score View Disclosure Earnest 4.8 Apply Now 3.4...
Why we chose it:For a parent college loan with desirable interest rates, no fees and flexible repayment options, check outCollege Ave Student Loans. College Ave parent loans are also open to more family members than simply biological or adoptive parents. Grandparents, guardians, aunts, uncles or...
your child's college education. But if you need more money, federal loan options may be worth considering. Federal loans have fixed interest rates, which may be more attractive for parents withlower credit scores, and make it easier to request forbearance or deferment compared to private loans....
Best parent student loans: Here are some of the best parent student loans to consider for the upcoming semester: Best overall: SoFi Best for low rates: College Ave Best for parents with good credit: Sallie Mae Best for no fees: Earnest ...
Though the student loans pay for the child’s college expenses, the parent who took out the loan is solely responsible for it. Parent PLUS Loans come with steep interest rates — the highest out of all federal Direct loans. There are also fewer repayment options available for parents. A ...
Parent student loans may be a good option for parents — especially those with solid credit scores — to assist their child in paying expensive college costs. But it also requires a great amount of responsibility, since you'll be solely responsible for repaying the loan. ...
Repayment Options for Parent Student Loans Pros and Cons of Parent Student Loans Alternatives to Parent Student Loans Conclusion Introduction When it comes to pursuing a higher education, the cost can be a significant barrier for many students and their families. While scholarships, grants, and feder...
If you’re a parent, you might be interested in helping your children attend college via a loan. Here’s what you need to know about federal parent PLUS loans.
Parent PLUS loans are loans to parents to use to help their children pay for college. To qualify for a Parent PLUS loan, you must complete an online application, go through a credit check, and ensure your child has completed the FAFSA. ...