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Can a parent plus loan be put in the student's name instead of the parent's?
A parent plus loan is exactally that. A loan for parents to help their children with college expenses and can only be given to parents under the parent's name. You also need to begin to repay that loan while your child is still in school, usually within 60 days.
Can your child get a student loan if you have bad credit?
NO
Can a child take a loan for a parent?
Yeah but will the child pay back? And will the parent allow to give their child a huge amount of money?
If your child cosigned you for a student loan without your knowledge how do you get your name off of the account?
You are a bad parent. You should have saved money so that you're child would not have to become an indentured servant in exchange for an education.
What happen if a parent dies and they gave the house to there child and took a loan on there home for repairs what happen to the balance of the loan?
the child continue to pay the loan of her his parents
What is the different between a parent loan and a student loan?
Parent Loan: A parent is getting the loan Student loan: A student is getting the loan
Can child support garnish your student loan in Pennsylvania?
No. Child support is based upon the non custodial parent's income. A student loan is considered a debt.
Can a parent get a student loan for a child if the parent files bankruptcy?
Probably not. What the loan is for isn't the issue. His record of repaying loans is.
Can a parent loan be signed over to a student?
In the US, unfortunately the answer is no. A parent PLUS loan must stay with the parent. If you cosigned on a loan for your child and the loan is federally guaranteed, then you can get your name off of the loan by having your child consolidate the loans. If you need help with the consolidation of the student loans, click on the link at the bottom of this text box.
What is better a student loan or a parent plus loan?
Only a parent can apply for a parent loan. the payment plan for a student loan can be deferred until after graduation. It all depends on who is paying the loan off, the student or the parent
If a parent dies with unpaid student loans does the child inherit the debt?
No! Probate Court or the student loan provider may look to some of the asets that your parent may have left behind to satisfy the student loan. But you cannot be made personally liable for your parent's studnet loans unless you co-signed for them.
What student loans are available if your student is not 18?
All Federal Student Aid is available to any college student age 16 and older. This includes Federal Student Loans such as the Stafford and Perkins Loans. You can also take out a parent loan, otherwise known as a PLUS loan, which will be loaned to the parent to help pay for their child's education.
Is there a way to sign over a parent loan to the student so that the parent and student loans can be consolidated?
No.
Can a parent get out of a student loan if they can no longer work?
In some instances, a parent can get out of a student loan if they are unable to work. You can visit the Federal Student Aid website for information about discharge of debt.
Does a parent's credit score affect student loan?
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
Can a parent plus loan be put in the student's name instead of the parent's?
A parent plus loan is exactally that. A loan for parents to help their children with college expenses and can only be given to parents under the parent's name. You also need to begin to repay that loan while your child is still in school, usually within 60 days.
A Parent Loan is an Affordable and Convenient Option to Pay for College?
For students who need additional educational funding beyond their own financial aid and scholarships, a parent loan may be an effective option. A parent loan is a loan taken out by the student's parent or guardian, for which the parent takes full financial responsibility. However, in many cases the student still pays the loan back. The parent takes responsibility in the event that the student does not pay for it. A parent loan offers students a new option for funding that is economical, convenient and allows the parents to help pay for the child's schooling. Parent loans are a great options for students that are having difficulty fully funding their college expenses. They are available with lower interest rates than private student loans and carry similar terms to federal student loans. By taking out a parent loan, parents can ensure that their children lock down the best loan terms possible, rather than having to resort to taking out a private student loan through a separate financial institution. Many people also enjoy the convenience of parent loans. As many students do not have extensive credit histories, they can have trouble getting approved for private loans. Other students with poor credit ratings find themselves in the same situation. The student's parent may have a much better chance of getting approved for the loan, which can help to fund college expenses. Typically parent loans also have less stringent credit requirements, so that even parents with bad credit can get approved for the loan. Finally, a parent loan also allows a parent to help his or her child pay for school. Though many students will ultimately pay back the balances of the parent loans themselves, some parents prefer to take care of the amount funded by the parent loan. This option allows parents who are financially stable to still help their children. A parent loan gives a student's parents the opportunity to pay for the child's schooling expenses, but at a later date. By assuming full responsibility for repayment of the loan, a parent can make a great contribution to his or her child's educational expenses.
