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What else can I help you with?
Can parent claim child and their student loan?
yes
How can a parent transfer a Parent PLUS loan into their student's name?
A parent cannot transfer a Parent PLUS loan into their student's name. The loan is the responsibility of the parent who took it out, and the student cannot take over the loan.
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 happens to a Parent PLUS loan when the parent dies?
When a parent dies, a Parent PLUS loan is typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment is no longer passed on to the child or the deceased parent's estate.
Is it legal for a parent to take their child's paycheck?
No, it is not legal for a parent to take their child's paycheck without the child's consent.
Can parent claim child and their student loan?
yes
How can a parent transfer a Parent PLUS loan into their student's name?
A parent cannot transfer a Parent PLUS loan into their student's name. The loan is the responsibility of the parent who took it out, and the student cannot take over the loan.
How do you Transfer a plus loan to child?
Parent didn't sign Masters Promissory note so it is technically not the parent's loan or responsibility right? Because of this, can a Direct PLUS loan get transferred to the child if a mistake was made in the loan process?
Can a parent loan a college age child money?
Sure, a parent can own a child of any age money!
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 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 happens to a Parent PLUS loan when the parent dies?
When a parent dies, a Parent PLUS loan is typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment is no longer passed on to the child or the deceased parent's estate.
Is it legal for a parent to take their child's paycheck?
No, it is not legal for a parent to take their child's paycheck without the child's consent.
Can parents co-sign for a car if you are under 18?
A child under 18 cannot legally own or take out a loan to purchase a vehicle.A parent must co-sign for the loan.
What is the purpose of a parent's Plus loan?
There are loans available that are for the purpose of helping parents pay the cost of putting a child through collage. The loan is called a Parent Plus Loan and the Parent Plus Loan website offers the ability to secure this type of loan for those that apply and are accepted for it.
What responsibilities does a parent borrower have when taking out a student loan for their child?
When a parent borrows a student loan for their child, they are responsible for repaying the loan in full, including any interest that accrues. They must make timely payments to avoid defaulting on the loan, which can negatively impact their credit score and financial stability. Additionally, they should stay informed about the terms of the loan and communicate with their child about the repayment plan.
