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https://www.complaintsboard.com/parent-plus-student-loan-misleading-c193646
Jun 18, 2009 · Dependant daughter needed another loan to attend college in PA and asked me to apply for the Parent Plus Loan it sounded like a great ideal at the time, but turned into the worst nightmare I ever had and I know my daughter has other outstanding …
https://www.magnifymoney.com/blog/consumer-watchdog/consumer-watchdog-whats-wrong-parent-plus-loan286823264/
A Parent PLUS loan is an unsubsidized loan from the federal government that offers parents a way to bridge any gaps in a child’s college tuition. A credit check is run, but there are no income requirements. In fact, a parent can borrow up to the cost of attendance minus any other aid a child is already receiving.
https://parent-plus-loans.pissedconsumer.com/review.html
Aug 11, 2015 · A caution to any future studeng parents that are considering taking out parent plus loans DONOT get scammed in to it i tbought my parent plus loan was going go around 40,000 and just noticied it is 162,000.00 really the school added on what the child could not get verses tbe child getting the loan.1.5/5(1)
https://www.consumerreports.org/student-debt/why-parent-plus-loans-can-be-costly/
Jul 26, 2016 · A Parent PLUS loan can be used to pay for a dependent child's expenses after other financial aid is exhausted. Like other federal student loans, it …
https://www.huffpost.com/entry/is-there-any-hope-for-pay_b_4987433
May 18, 2014 · In the ICR your payment will be based on your adjusted gross income, your family size, and the total amount of your Parent PLUS loans that you wrap up in a Direct Loan; and the lesser of the amount you would pay if you repaid your loan in 12 years multiplied by an income percentage factor that changes with your annual income or 20 percent of your monthly discretionary income.
https://www.salliemae.com/student-loans/parent-loan/compare-student-loan-options-for-parents/
Parent and student loan comparison chart. Choose the loan that’s right for you and your student. You can help your undergraduate student pay for college either by cosigning a Smart Option Student Loan ® or taking out a Sallie Mae ® Parent Loan in your name. Both offer options for how you repay the loan, no origination fee, and can cover up to 100% of the school-certified cost of attendance ...
https://www.nerdwallet.com/reviews/loans/student-loans/federal-direct-plus-student-loans
Federal PLUS loans let graduate students and parent borrowers fill tuition gaps not covered by other types of financial aid.Founder: Tim Chen
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https://www.uky.edu/financialaid/loans
Federal Direct PLUS- Parent A biological or adoptive parent of a dependent undergraduate student may borrow a Federal Direct PLUS Loan. The loan will not be processed by the school if your relationship to the dependent student is not as a biological or adoptive parent.
https://www.studentloanborrowerassistance.org/dangers-parent-plus-loans/
Parent PLUS loan borrowers are not eligible for income-based repayment (IBR) and therefore have fewer options for avoiding default and its consequences. A parent PLUS loan consolidated with other loans taints the entire consolidation loan so that the borrower cannot repay using IBR.
https://studentloanhero.com/featured/student-loan-complaints-fewer-but-problems-unresolved-cfpb-report/
Nov 14, 2019 · Subjects of private student loan complaints. To receive a private loan, unlike a federal loan, a borrower must have a stable credit history or a creditworthy cosigner. That explains why 1 of 20 private loan complaints are related to the loan application process (and why that’s not even listed as a complaint category for federal loans).
https://studentloanhero.com/featured/student-loan-companies-with-most-complaints/
Feb 27, 2018 · The 5 worst student loan companies based on customer complaints. The CFPB student loan ombudsman is responsible for investigating complaints and helping borrowers and loan servicers reach a resolution. According to the latest ombudsman report, these are the five companies with the most complaints. 1. Navient
https://www.salliemae.com/student-loans/parent-loan/
APRs assume a $10,000 loan to a person borrowing for a freshman student. Loan amount cannot exceed the cost of attendance less financial aid received as certified by the school. Sallie Mae reserves the right to approve a lower loan amount than the school-certified amount.
https://www.consumeraffairs.com/finance/great_lakes_student_loans.html
The only way I got away from this predatory student loan company was refinancing my loan with a different company. Future students beware, avoid Great Lakes like the plague they do their best to ...1.3/5(207)
https://studentloansherpa.com/parent-loans-control/
Apr 19, 2019 · You may only have one Parent PLUS loan, or you may have many. By consolidating your loans (even if it is just one), it becomes a federal direct consolidation loan instead of a Parent PLUS loan. Important Note on Federal Direct Consolidation: If you do consolidate, be sure to only put Parent PLUS loans into the new consolidated loan. If you have ...
https://www.wright.edu/raiderconnect/financial-aid/parent-loans
Alternative (Private) Parent Loans; Federal Direct Parent PLUS Loan. The Federal Direct Parent Loan for Undergraduate Students is a federal loan that credit-worthy parents of dependent undergraduate students can borrow for their child's educational expenses. The Federal Direct Parent PLUS Loan is a form of aid that must be repaid by the parent ...
https://www.investopedia.com/articles/personal-finance/121015/dangers-taking-out-parent-plus-loan.asp
PLUS is an acronym for Parent Loan for Undergraduate Students. The Grad PLUS program is designed for graduate students seeking funds to help pay for costs not covered by other financial aid and ...
https://www.nolo.com/legal-encyclopedia/i-took-plus-loan-son-can-i-discharge-bankruptcy.html
(PLUS loans are also available for graduate students to take out on their own.) Parents can take out a PLUS loan for an undergraduate student who is a dependent and who is in school at least half time. With a PLUS loan, the parent is the usually the sole obligor on the loan. This means that the student doesn’t owe the debt, only the parent does.
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