Parent Plus Loan information and experiences

Knowsstuff
Sat, 22 Jul 2023 11:17:44 +0000

Parents also have to have the financial talk with their kids very early on. Not in senior year when acceptances come in. We on CC commonly hear from parents “we will make it work”. No they won’t. Families need to have a plan going in. Both our kids knew our finances. We just didn’t have some magically tree that produced money at will. Our daughter went to her number 2 with great merit since her number 1 just would of been too expensive and we had kid 2 coming up 2 years later.

Because of the merit at two different schools we ended up with excess 529 money that she can now use for graduate school. We used a lot of current income to pay for college.

Families need to plan.