"If you’d like to help your child pay for college, a federal Parent PLUS Loan could be a useful financing option. The Department of Education offers Parent PLUS Loans to parents of dependent undergraduate students," CNN reports.

... "Federal PLUS Loans have a greater variety of borrower protections, including multiple repayment plans, forgiveness eligibility and forbearance and deferment options."

"'PLUS loans can be a critical resource to fill funding gaps,' Jill Desjean, a policy director at the National Association of Student Financial Aid Administrators. 'However, the interest rate may be higher than a private loan, especially for borrowers with good credit scores.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 9/13/2024