Federally-sponsored Parent PLUS Loan
Are you parents of undergraduate, dependent students and do you need help paying for college education of your child? The reason of your problem is the federally-sponsored ParentPLUS Loan. What this exactly is? The federally-sponsored Parent PLUS Loan is a low interest student loan for parents of students who are undergraduate and dependent . With a Parent PLUSloan, your family can fund the entire cost of education of your child. Basic point of Federally-sponsored Parent PLUS Loans is, that financial responsible are the parents, not the student. If the student agrees to make payments on the PLUS loan, but fails to make the payments on time, the parents will be held responsible. You may apply for a Parent PLUS loan to pay for the higher-education-related expenses of an undergraduate, dependent child. Unfortunatelly, for Parents of independent students, Federally-sponsored ParentPLUS Loan are not eligible.
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