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Is there a way for a former student to take on a PLUS loan from a parent and be responsible for payments?
Wiki User
∙ 16y ago
No. You'd have to get a personal bank loan in your own name and use it to payoff th eplus loan.
Wiki User
∙ 16y ago
Wiki User
∙ 14y agoNo, it is the parents sole responsibility.
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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
Does abandonment end child support?
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.
Are the parents of a male who cannot pay his child support responsible for making the payments?
No, only the biological or legal adoptive parent is financially responsible for the care of their minor child/children.
Can a custodial grandparent seek payment from non-custodial parent during the period while the parent is in jail?
Yes, however if the parent has no source of income while in jail, the payments may be deferred until the parent is no longer incarcerated. They will accumulate however and the parent will be responsible for paying them once they are out of jail.
If a daughter received an unsubsidized Stafford Student Loan are the parents responsible for payments if she stops paying on it?
No. Only the student who signed the promissory note is legally obligated to repay the loan. Stafford loans do not have credit requirements or cosigners; in fact, the borrower no longer even needs to be 18. Parents may be contacted by the loan holder if they were listed as references, but only for the purpose of trying to locate the borrower. In the past, Guaranteed Student Loans did sometimes have parent "endorsers" who were responsible if their son or daughter did not pay.
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
Are father and stepmom responsible for child support?
The biological parent is legally responsible for paying child support. A step parent is not legally responsible for paying child support.The biological parent is legally responsible for paying child support. A step parent is not legally responsible for paying child support.The biological parent is legally responsible for paying child support. A step parent is not legally responsible for paying child support.The biological parent is legally responsible for paying child support. A step parent is not legally responsible for paying child support.
Is step parent responsible for anything?
Is a step parent responsible for a disabled child
Do you have to pay back child support if you and your wife divorce?
If there is a support order in affect the obligated parent is responsible for keeping payments current and paying any arrearages. If the order was mandated after the divorce decree and the couple lived separately there may still be arrearages for support that the non custodial parent is responsible for paying.
