Beware of Parent Plus Loans

MrsDrz
Mon, 15 Oct 2012 13:09:10 +0000

FYI Parent Plus rate is 7.9% and I had to pay 4% up front. I haven’t received any document yet allowing me to start making payments now, but I’ll look for it because I like that idea. This is a loan I expect my S to pay back, but in reality, if he can’t or doesn’t I am equipped to do so.