Browsing: Parent
Is it better to put more money into my 401(k) rather than pay extra on my student loans when I…
As of July 1, 2026, new Parent PLUS borrowers are capped at $20,000 per dependent student per year and $65,000…
As of July 1, 2026, new Parent PLUS borrowers are capped at $20,000 per dependent student per year and $65,000…
House Democrats have introduced a bill that would let parents transfer their Parent PLUS loans to the children whose education…
Key PointsThe 2026–27 Parent PLUS loan carries a 9.07% fixed interest rate plus a 4.228% origination fee, which makes it…
“There is little to no chance that she will ever be able to repay these loans.”
About 18% of parents take out parent student loans to pay for their children’s college education. When a child’s financial aid…
Key PointsThe SAVE Plan is ending. Borrowers pursuing PSLF should switch to IBR or another qualifying income-driven plan ASAP. The…
Key PointsFederal Parent PLUS loans have minimal credit requirements, but come with higher interest rates and origination fees.Private student loans…
“Our son makes $45,000 a year and has no immediate prospects for significantly increasing his income.”