Parents Taking Out Loans For Child’s College Not A Good Idea

16 Jul Parents Taking Out Loans For Child’s College Not A Good Idea

Is your child going to college soon? Maybe you’ve received his or hers financial aid package and you’re discussing whether you should take out the Parent Plus Loan. Today’s article author says no!! And explains why taking out these loans may be hazardous. “Parent PLUS Loans are not allowed to be forgiven under the Federal Teacher Student Loan Forgiveness Program, and for a variety of technical reasons, borrowers won’t get relief under the Public Service Loan Forgiveness Program.” To read the whole article, CLICK HERE.