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YES. You can cancel a PLUS loan the same way a borrower would cancel a Perkins or a Stafford loan. In fact, even after the funds have been disbursed to the school you can still cancel your loan. You would just contact a financial aid officer at the...
YES. Parent Plus loans do have fees.
The standard fees attached to a federal Parent Plus loan include a 3% origination and a 1% default fee. That 4% can be quite significant too if you are taking out a great deal of money for your student. It’s also...
Did you know that any federal loan, including Parent Plus loans which are used to pay for postsecondary education costs, are eligible for tax exemptions? Qualified borrowers are allowed to deduct the loan interest. The maximum education loan interest...
Well, after 4.5 years I’m leaving the Student Loan Network to pursue other career opportunities. Dave and Kristin and possibly a few others will continue to post and provide you with the best info possible on how to survive the student loan...
Although parent information must be provided for a dependent student when completing the FAFSA, a high school counselor or a college aid administrator may sign the application in place of a parent if:
the parents are not currently in the United States...
Student Loan Education is one of the most important things the parent of a high schooler with college aspirations can acquire. Unless you are independently wealthy, you are likely to need some sort of financial aid.
