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The endorser on a Parent PLUS loan can be a creditworthy individual who agrees to repay the loan if the parent borrower defaults. This typically includes someone who is a U.S. citizen or eligible noncitizen, such as a relative, friend, or other trusted person. However, the endorser cannot be the student for whom the loan is being taken out. It's important for the endorser to have a good credit history to meet the loan requirements.
What else can I help you with?
What is a loan endorser?
what is an endorser notice on a commercial loan
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.
Is it possible to transfer a Parent PLUS loan from one parent to another?
No, it is not possible to transfer a Parent PLUS loan from one parent to another. The loan is the responsibility of the parent who originally took it out.
Is it possible for me to transfer a Parent PLUS loan to the student?
No, it is not possible to transfer a Parent PLUS loan to the student. The loan is the responsibility of the parent who took it out, and cannot be transferred to the student.
What happens to Parent PLUS loans if the parent dies?
If a parent with a Parent PLUS loan dies, the loan may be discharged, meaning the remaining balance may be forgiven.
What is a loan endorser?
what is an endorser notice on a commercial loan
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.
Is it possible to transfer a Parent PLUS loan from one parent to another?
No, it is not possible to transfer a Parent PLUS loan from one parent to another. The loan is the responsibility of the parent who originally took it out.
Is it possible for me to transfer a Parent PLUS loan to the student?
No, it is not possible to transfer a Parent PLUS loan to the student. The loan is the responsibility of the parent who took it out, and cannot be transferred to the student.
What happens to Parent PLUS loans if the parent dies?
If a parent with a Parent PLUS loan dies, the loan may be discharged, meaning the remaining balance may be forgiven.
Is it possible to refinance a Parent PLUS loan in a student's name?
No, it is not possible to refinance a Parent PLUS loan in a student's name.
What happens to a parent plus loan if the parent dies?
If a parent who has taken out a Parent PLUS loan dies, the loan may be discharged, meaning the remaining balance may be forgiven and the responsibility for repayment may be eliminated.
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.
Is it possible for me to transfer my Parent PLUS loan to my spouse?
No, it is not possible to transfer a Parent PLUS loan to a spouse. The loan is the responsibility of the parent who took it out, and cannot be transferred to another individual, including a spouse.
What happens to Parent PLUS loans when the parent dies?
When a parent with a Parent PLUS loan dies, the loan is typically discharged, meaning the remaining balance is forgiven and the responsibility for repayment is lifted.
How can parents apply for a Parent PLUS loan through the www.studentloans.gov website?
Parents can apply for a Parent PLUS loan through the www.studentloans.gov website by logging in with their own FSA ID, selecting "Apply for a Direct PLUS Loan," choosing "Parent PLUS" as the loan type, completing the application, and submitting it for review.
What credit score is required for a Parent PLUS loan?
The credit score required for a Parent PLUS loan is generally around 650 or higher.
