Why do colleges push the Parent PLUS loan above others

cptofthehouse
Sat, 04 Apr 2015 23:48:49 +0000

PLUS loans are forgiven if either the student or parent borrower dies.If the parent dies, I guess that 1099 goes towards his final year of income and the spouse has to deal with that, or file separately that year. If the student dies, that will go on the taxes I guess. There are no provisons to have PLUS discharged due to the student doing teaching or other kinds of work. That is an option with student loans, not parental.