Limit to Parent Plus loan?

slipjig
Fri, 06 Jul 2012 12:17:43 +0000

The person I am asking this for would be borrowing about $40,000 a year for five years. If your credit report remains clean, can you continue to borrow such huge numbers? My understanding of the PP loan is that it is not income dependent and your debt-to-income ratio is a not a factor.

The borrower will be coming into a significant amount of money at the end of this time period and anticipates paying the whole thing off at that time.