Beware of Parent Plus Loans

cptofthehouse
Sat, 13 Oct 2012 21:39:40 +0000

Whether it will in the future I have no idea. It has been so doing from some recent articles that have shown up on this board.

I don’t know what the figures are for the Direct Loans are at all. I don’t know if they are in crisis. Many of the articles I’ve read refer to the private loans. My friend who is in a lot of trouble with these student loans took them as a cosigner with her daughter. She would not have qualified for PLUS as she was benind in payments to creditors. SOme of these private lenders will still give out the money, but make the terms harsher and the interest rate higher for those with poor credit. The PLUS loans have a lot of flexibility and a family in true financial crisis, can have the payments delayed.