<p>Is the Parent PLUS loan the best private loan or is there a better option. Also, when one takes out a parent PLUS loan does that go on their credit record (as in build credit)?</p>
<p>Parent PLUS Loan isn’t a private loan, it is a government loan for dependent students. It is easier, normally, to get approved for a Parent PLUS Loan then it is for a private loan, either though both are credit based. You should speak to your FA Counselor for their recommendation, as you will want to make it as easy as possible on yourself.</p>