A Parent PLUS Loan is a federal student loan offered by the U.S. Department of Education (DOE) under the Direct Loan Program.
You may qualify for this loan if your dependent child is an undergraduate student and enrolled at least half-time in an eligible program. If you qualify, a line of credit goes directly to you, not your child. That means you are responsible for paying back the loan.
The biggest pro of cosigning your child's student loan is obvious: You'll help them attain the education they need to secure their financial future. The biggest con is obvious, too: If your child doesn't pay for some reason, you may be on the hook.
Let's take a closer look at cosigning and what you can expect.
Congrats! You've been accepted to college. Now you just need to figure out how to pay for it.
But before you start digging through your car for any loose change you can find, you might want to take some time to check out all of the resources available to help you pay for college in the state of Florida.
Heading off to college is an exciting time in your life. You get to experience the freedom of being away from home, learning from professors in your field of interest, and connecting with students who are embarking on a similar journey.
But what happens when your enthusiasm gets put on the back burner because you’re worried about how to pay for college?
Raise your hand if you love filling out the FAFSA. My guess is, very few of you reading this even took your hand off your phone or tablet. Completing the FAFSA can be a long, and not so fun, process.
The good news is, once you hit submit and your application has been accepted, you may be eligible for tons of money. And that makes every minute (or hour) of staring at the screen worth it.
The way we think about higher education has changed drastically over the last decade. More students are opting for master’s programs in computer science, rather than the traditional MBA track. But is that the right move for you?
It just might be ... that is, if you're looking for a highly compensated field that has a lot of job openings.