Plus loans vs home equity/mortgage loans

frugola
Sun, 25 Apr 2010 08:17:52 +0000

One thing that affected our decision about PLUS versus HE, is the fact (correct me if i’m wrong) that PLUS loans end at the death of the borrower. Since Hubby and I are also approaching retirement, we took one kid out in my name and one in his name, hoping that debt wouldn’t be thrown onto surviving partner. Also, as many mentioned, if we run into serious health issues, PLUS can be put on hold or reduced, HE cannot.