Parent loans allow parents to borrow money to be used for college education of their children. In the US, it is parents can apply for PLUS loans. It can be granted to parents without other financial aid. Parents can easily qualify for this type of loan regardless of their financial situation. It can be used to finance appropriate education expenses including tuition fees, lodging, school supplies, computers and transportation costs. PLUS loans can also be taken by graduate students or professionals to support their education if they decide to go back to school or pursue higher degree. Parents PLUS loans … (more) January 10, 2012