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No. You'd have to get a personal bank loan in your own name and use it to payoff th eplus loan.

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โˆ™ 2008-01-18 06:41:08
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Q: Is there a way for a former student to take on a PLUS loan from a parent and be responsible for payments?
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Related questions

Are child support payments by the noncustodial parent required if the custodial parent is remarried?

In general, yes. The payments are for the children, not the parent. The step-parent is not legally responsible for the children unless he adopts them.


Is a parent responsible for making payments if student or child fails to do so with FAFSA?

This depends on who is responsible for the loan. If this is a PLUS loan, then yes, the parents or guardians are responsible for paying for the loan. If this is a loan that they received on their own, then they should take other action before asking their parent(s) or guardian for help. They should speak with the provider (a phone number is on the bill) to find out if they can lower or defer payments, before the loan goes into default.


If a parent cosigns on a car loan with hisher child and the child does not make payments can the stepparent be held responsible or have their credit rating impacted if the payments are not made?

The cosigner is responsible for the loan and payments if the signer does not pay or keep up the payments. Your credit rating can be affected.


Why is teacher considered as a surrogate-parent?

because the teacher as a second parent of the student is also responsible to provide parental care.


18 year old student is parent still legally responsible to provide shelter?

No


If a parent cosigns a student loan and remarries is the wife responsible for the loan when the parent dies?

Probably not, unless it's a private loan and they live in Wisconsin.


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No. The parent is still the parent and responsible for the child abandoned or not. The child support payments will just keep adding up until the person is found.


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Is a step parent responsible for a disabled child


Are father and stepmom responsible for child support?

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