What type of loan can parents get?

January 01,2011 by: Maxim Thomas

Parents would definitely do anything to make sure that their children will get the best future. Education is one of the investments parents want their children to have because it is clear how important it is when applying for a good job. Nonetheless, we could not really blame parents if they find trouble with sending their kids to college, especially since education has become very expensive. To help parents solve this matter there are services that could aid parents in providing their kids with the necessary education. One way is by loaning money from either the government or to some … (more) January 1, 2011

Are parent loans limited to tuition only?

December 19,2010 by: Maxim Thomas

Parents’ best interest is for their children to have great lives on their own. So, they try their best to support them in every way possible to achieve their goal. The best way to ensure that their children will have a better future is to send them to college. But with the high cost of tuition and other fees, most students can not pay for their college alone considering that at that time they are on their own. As parents’ love for their children, they take out parent loans for them.  What are Parent Loans?  A parent loan or more … (more) December 19, 2010

Are Parent Loans considered as Private Loans?

December 18,2010 by: Maxim Thomas

Parent loans are an addition to financial student aid that a college pupil can take advantage of if Federal Student Loans and Private Student Loans are not enough. The student can ask his or her parents or legal guardian to take out a loan for them to aid them in educational expenses. However, one must take in mind that the loan will be under the borrower’s name and not the student.  Are Parent Loans considered as Private Loans?  No. They are federal student loans offered by the government to parents and legal guardians who would like to help their kids … (more) December 18, 2010

How to get the best kind of parent loans?

November 13,2010 by: Maxim Thomas

Sometimes, things might necessitate you to borrow money in order to ensure that your kids get what they want. Don’t mistakenly picture this as a parent spoiling their kid with luxuries; this could also be something as simple as basic education. Not all parents out there are earning cushy salaries that enable them to provide their kids with everything that they ask for. Hence, in order to compensate for the smaller earnings, it is important to know how to go about getting loans, at a rate that you can pay back with ease. There are a number of ways to … (more) November 13, 2010

How eligible is my PLUS loan?

October 20,2010 by: Maxim Thomas

PLUS loan is basically having the parent’s loan for a supplement for whatever amount of money that the student’s current financial aid in his or her education cannot cover. In here, it would be the parents who are responsible for paying the loan and the loan’s interest. There is no definite way in ensuring a PLUS loan since the university’s or the college’s financial aid administrator would be the one to say whether or not  it is advisable for a student or the student’s parents should file for a PLUS loan. However, the eligibility of a PLUS loan is completely … (more) October 20, 2010