Why wouldn’t a family develop their own arrangement where the student repays the Parent’s PLUS Loan on their own and therefore would not be subject to the fees of the Student Plus Program?
A family may establish an agreement on their own where the student is expected to participate in the repayment of the loan. However, families using our program indicate they find value in having a more formal, legal agreement as well as the capabilities of an experienced student loan servicer to handle the billing, notices and payment processing.
Related Questions
- What is the aggregate loan limit for a dependent undergraduate student whose parent has been denied a Federal PLUS Loan but who is eligible for an additional unsubsidized Federal Stafford Loan?
- Why wouldn’t a family develop their own arrangement where the student repays the Parent’s PLUS Loan on their own and therefore would not be subject to the fees of the Student Plus Program?
- How is the Federal Parent PLUS Loan affected by a family choosing to use the Student Plus Program?
