Limit to Parent Plus loan?

mom2collegekids
Fri, 06 Jul 2012 12:26:03 +0000

Because the debt can’t be discharged in bankruptcy, the terms to qualify are light. As long as someone has good credit, they qualify. I know this is crazy and really should be changed, it’s the situation. Sadly, easy qualifying has led to many low/lowish income families from signing mega-loans for their kids with the crazy hope that their college educated child will make huge bucks upon graduation and make the payments for them. :(