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Read this before you take out a Parent PLUS loan

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Replies to: Read this before you take out a Parent PLUS loan

  • calmomcalmom Registered User Posts: 20,105 Senior Member
    Medical students can take out the loans in their own name -- so I'm rather baffled as to why a parent would take out PLUS loans for a med student. I think the loan terms, including options for deferment or income-based repayment during residency (as well as long term loan forgiveness options) -- would be more favorable if the loans are taken by the student rather than parents.

    But perhaps the guy at the dealership meant that he had taken out that much for undergrad for the kids who had gone on to med school?
  • emptynesteryetemptynesteryet Registered User Posts: 170 Junior Member
    @prouddad2020 very impressive!

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