Why do colleges push the Parent PLUS loan above others

lookingforward
Sat, 04 Apr 2015 23:40:46 +0000

If loans are forgiven due to death of the borrower, you get a 1099 and are expected to declare the amount on your taxes. There is also some option for loans to be discharged (different action) for things like X years of teaching or some other kinds of work.

By the end, ours was serviced by FedLoan. We had no issues. From some info from 2013, the four servicers were FedLoan Servicing (PHEAA), Great Lakes, Nelnet and Sallie Mae. I’m under the impression you may not get a choice. (When we took the first loan, we did and started with Nelnet. At some point, the servicer changed. I thought- and could be wrong- that this was based on geo location-??)