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Question: Are parent PLUS loans good?
Is it the best option I could take? If I do it would finish covering all college expenses, so should I go for it? Also, when do parents start repaying the loan?

Answer: ok they are good in sticky situations the interest isnt ...

ok they are good in sticky situations the interest isnt that high and you start paying the loan back 6 months after you graduate from college as long as you dont drop out before obtaining a degree

Answer: don't get your parents involed in nothing cause when you ...

don't get your parents involed in nothing cause when you do then you and your parnets may never get along ever again.

Answer: My parents took out a parent plus loan, and they didn't ...

My parents took out a parent plus loan, and they didn't have to start paying until I graduated, so it def is a good choice to apply for it, especially becasue you'll get the best interest rate for the long run...

Answer: If your parents are willing to take out the loan to help ...

If your parents are willing to take out the loan to help you, then you should definitely let them. They won't have to start paying back the loan until after you graduate from college. You can read more about PLUS loans here: http://www.studentfinancedomain.com/student_loans/federal_plus_loans.aspx Hope this helps.

Answer: Loans should always be a last resort. However, if you have ...

Loans should always be a last resort. However, if you have exhausted all grant and scholarship oppurtunities and have borrowed the max you are eligible for on your stafford loan, then a PLUS loan is a better option then an alternative or private loan. The main reason is because the PLUS loan has a FIXED interest rate of 8.5%, where as private or alternative loans, have a much highet interest rate, and the rate is variable, meaning it can go up (and usually does) each year. Your parents will have to start repayment shortly after the final disbursement of your loan, which for most students is sometime during the Spring semester. They can have up to 10 years to pay the loan back, so they can get a low monthly payment. Some lenders of PLUS loans also offer the parents the option to defer payment on the PLUS loan for up to 4 years, so your parents can check with the lender to see if that would be an option. If your parents can afford to make a monthly payment, check with the financial aid office at your school to see if they participate in something called AMS tuition pay. This is an interest free monthly payment plan, and if you parents are going to be making monthly payments anyway, they might as well be interest free. Some students choose to have their parents make monthly payments on AMS tuition pay, and then borrow some on a PLUS loan and have the PLUS loan deferred for a few years. Good luck!

Question: Parent PLUS loans-do I need to take out a separate loan out for each year year my son is enrolled in college?
If so, are they considered seperate loans or are they consolidated each time I take another loan? In other words, if he graduates in 4 years will I have 4 separate loans or 1 loan?

Answer: If You Want Any Type Of Info On Student Loans Just ...

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Answer: They have a lot of student loans that you just take out one ...

They have a lot of student loans that you just take out one time, such as Sally Mae loans. You have to take it out in your son's name though and you/he don't have to start paying back until after he gets the bachelor/associate's degree.

Answer: They are a separate loan every year. They will check your ...

They are a separate loan every year. They will check your credit and you must start making payments immediately.

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Answer: Hi I recently needed a loan as I was in a right mess! And ...

Hi I recently needed a loan as I was in a right mess! And I mean a mess! I thought I was never gonna get out of it until I read some articles on unsecured loans to help pay off existing debt and relieve anguish. I saw a posting at Craig list that was tagged ??do you need help????? I replied to the posting and it turns out that the person had once being in a mess Just like I was then. We chatted and became friends after which he told me his experience about the internet and scammers. He said he has been scammed many times and totally he lost almost twenty thousand dollars {$20,000}.After which he was referred by a friend to this private lender that offered him the loan amount. He then asked me to go contact them, I was like maybe this is just another kind of scam but I decided to give it a try. It was all just like magic how I got loan. I never got scammed, I have never being scammed and I don?t have any experience of it and I never want to. I just felt that for the fact that a stranger helped me out I should do the same. If you need a loan and would need their email address, here it is d_f_f@webname.com Dan

Question: How can I as a middle class single parent get more financial aid for my 2 kids in college other than loans?

Answer: Grants? Either from the government or scholarships from the ...

Grants? Either from the government or scholarships from the schools they are attending.

Answer: Apply for scholarships.

Apply for scholarships.

Question: I'm in a tough spot w student loans. My parents refused to cosign & I had to accept the help of an ex-bf's dad
...(his cosign) in order to attend the school I'm at now. I have one more semester for which I'll need a loan. Things have gotten really bad with the ex... he's got issues, never got over me, is very manipulative, etc, and I now have a new boyfriend who is wonderful. The ex's dad is still a nice guy but I feel weird asking his dad for another semester's worth of cosigning since his son and I aren't speaking. What should I do? Should I ask him? Or should I try to get the loan without a cosigner, but pay much more in interest? I have a good credit score (700) but have only been building it the past year. And there is literally no one else I know who can help me. This situation sucks... thanks for any advice you might have!

Answer: if you are that uncomfortable about it then don't ...

if you are that uncomfortable about it then don't ask. try to do it on your own first. if all else fails then ask him. one qtr left no point in not getting diploma. just be sure to make your payments. he was good enough to cosign don't stick him with the bill.

Answer: How much would your last student loan be? If you don't ...

How much would your last student loan be? If you don't ask your ex's dad to cosign the loan, you could try to pay off that final loan first (pay more than the minimum each month) so you won't have to pay as much in interest. I guess it all depends on how good of a relationship you have with the dad. Is it still good even though times are rough for you and his son? You could put the economic stimulus (I'm guessing you'll be getting $600) that you'll be getting in May towards that last loan so you can work on getting rid of it.

Answer: Certain student loans require a cosigner if the student or ...

Certain student loans require a cosigner if the student or parent soliciting a loan does not meet minimum credit requirements to receive a loan. This applies to both private and some federal loans; the PLUS loans for graduate students, which can be received by parents or students, have minimum credit requirements, and in either case, parent or student can use a cosigner with good credit to sign on the loan. Getting student loans without a cosigner is possiblelenders will offer you Prime interest rates on your student loans; if you have no credit or bad credit, they may ask that you have a cosigner. Ask at several different financial institutions what they can do to accommodate your education finance needs.Usually bad credit loans are given at a higher interest rate and/or with extra fees, but you can lower this number by calling different lenders and demanding the best possible rate.

Answer: Hello. In regards to your question I would advice you to ...

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Question: My parents cosigned a student loan for a family friend but that person isn't paying loan, What can they do?
This family "friend" needed parent's help to get a student loan, so parents cosigned the paperwork. The "friend" stopped going to school, stopped paying the loan, and used the money for other things. The bank contacts parents that the loan has not been paid and parents pay it. Do parent's credit get hurt by this? Also, what can parents do to get out of the contract since the "friend" stopped using the money for its intended purpose?

Answer: If they keep paying it it won't go against them, I think ...

If they keep paying it it won't go against them, I think depending on the amount of money they loaned they should sue the person. If it was a student loan how is the person able to keep spending the money on other things? When I got loans it went directly to the school and we paid the bank back directly. They could also contact the loaner and see what to do, at this point I don't know that they will let them off the loan since they are the ones paying it...right now it's easier for that bank to be getting the money from your parents then let them off and risk not getting anything back from the person who's supposed to be paying it.

Answer: They are responsible since by co-signing they are ...

They are responsible since by co-signing they are GUARANTEEING that your "friend" will pay. If he dosent pay they can probably get a judgment in small claims court (or Superior court depending on the amount)and put a lien on whatever property/assets he has,also they can garnish his wages.Good Luck, also he can be charged with fraud as well.

Answer: there isn't anything they can do other than pay the loan ...

there isn't anything they can do other than pay the loan or have bad credit because of it. This happened to mother. She cosigned the loan the guy decided not to pay. Therefore mother was responsible for the payments.

Answer: Unfortunately, your parents co-signed for the loan, and that ...

Unfortunately, your parents co-signed for the loan, and that makes them responsible for the loan. If your parents' do not make payments on the loan, then yes, their credit will be adversely impacted. The only thing they can do is attempt to make the "friend" pay for the loan, but in the mean time, your parents must make the payments. That is what co-signing on a loan means. Your parents had to sign a promissory note as the co-signer, and by signing that they are legally obligated to re-pay the loan, sorry.

Answer: Kick themselves in the rear end.

Kick themselves in the rear end.

Answer: The whole purpose of it being a student loan is that the ...

The whole purpose of it being a student loan is that the student or borrower is responsible for paying it after completing college. I'm not sure about your case but I thought other people could be used as a reference but not as a actual borrower of the loan itself. The money that is borrowed is supposed to be used for school and living expenses.

Answer: Maybe You should try to google it first ,however if you like ...

Maybe You should try to google it first ,however if you like some direct resource ,here might be helpful.http://studentloan.online-helpers.info/student-loan-consolidation.html

Answer: If you have been looking for some great ideas, Here is the ...

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Answer: There really isnt much your parents can do. If they ...

There really isnt much your parents can do. If they don't pay off the loan it will hurt their credit since they co signed it. They need to go after the family friend to get back on track and pay the loan off themselves.