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.
The federal government does not offer a program to transfer Parent PLUS loans directly into a student’s name. Parents remain legally responsible until the loan is fully repaid. However, there’s a workaround:refinancing through a private lender. By refinancing, the student takes out a new loan...
There are two types of parent loans for college: federal parent PLUS loans and private parent loans.
How and when to consolidate parent PLUS loans Federal student loan consolidation is different from refinancing. Consolidation won’t lower your interest rate, but parent PLUS loan borrowers must jump through this hoop in the following instances: If you want to switch to the federal Income-Contingen...
Here’s what you need to know about Parent PLUS loan consolidation options.Parent PLUS loan consolidation through Uncle SamThe good news is PLUS loan borrowers can consolidate their federal loans into a new Direct Consolidation Loan. Even if you have no other federal student loans to consolidate,...
Our Parent PLUS Loan Calculator shows conventional repayment options as well as loopholes to drastically lower 2025 payments.
Eight steps to getting a federal parent loan. By Kim Clark | Sept. 27, 2010, at 6:20 a.m. Save More How Do I Get a Parent PLUS Loan? More 1. Determine whether you are eligible. The government won't make PLUS loans to parents with "adverse credit," which means having a bankrup...
Our fast and intuitive online process could help you refinance your Federal Parent PLUS loan or private parent loan to a lower rate or shorter term. If your child wishes to assume the remaining debt on their own, they may do so if they meet our lending requirements. ...
If you have a Parent PLUS loan, when does itmake sense to refinance it? Here are four goals you might be able to achieve through refinancing: Lower interest rate: A private lender might be able to offer an interest rate that’s lower than the federal government’s interest rate. ...
There are two types of parent loans for college: federal parent PLUS loans and private parent loans.