What are Parent Plus Loans?
Parent plus loans are federally guaranteed loans that allow parents to assist in managing the academic debt of their children. Rather than being owed by the student, these loans are owed by the parents. The loans are much easier to get than both private loans and need based financial aid. If your family does not qualify for the full amount of financial aid based on need, or if the amount of need is greater than the limits on such grants and loans, a parent plus loan can help take up the slack. Parent plus loans are not based on need at all, and there are no limits other than the proven cost of your child’s education. This cost includes more than tuition. It covers books, room and board, and even travel. Any predictable expenses necessary to allow your child to obtain their education is covered by the loan. Does Not Require a Good Credit Score, But… Parent plus loans are much easier to get than private loans because they do not require a credit score or income verification. Instead, qua
