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PLUS Loans: A Loan Just for Parents (and Grad Students Too)

PLUS Loans: A Loan Just for Parents (and Grad Students Too)

Parents of college students face added financial pressure. The federal Parent Loan for Undergraduate Students (PLUS) loan can alleviate some of that pressure. The PLUS is a loan for parents and ...

By Bridget Kulla
Published June 8, 2007
President Obama Proposes Student Aid Increases in State of the Union Address

President Obama Proposes Student Aid Increases in State of the Union Address

In the state of the union address on Tuesday, January 24, 2012, President Obama proposed several increases in student aid spending. The first two proposals call for Congress to extend existing ...

Published January 24, 2012
Tax Breaks for Student Loans

Tax Breaks for Student Loans

Good news! The interest you pay on your student loan might let you pay less on your taxes. Thanks to the Taxpayer Relief Act of 1997, tax time will be a ...

By Roxana Hadad
Published September 5, 2007
To Cosign or Not To Cosign, That is the Question

To Cosign or Not To Cosign, That is the Question

My nephew has asked me to cosign a private student loan for college. He's on his own since he lives independently from his mother, his parents are divorced, and his father ...

Mark Kantrowitz
Published June 28, 2010
Should You Prefer Your Preferred Lender List?

Should You Prefer Your Preferred Lender List?

Get the lowdown on preferred lender lists.

By Sandra Guy
Published May 16, 2016
Is the Non-Custodial Parent a Parent for Federal Student Aid Purposes?

Is the Non-Custodial Parent a Parent for Federal Student Aid Purposes?

I am divorced and the custodial parent of two children who live with me. Both kids have Coverdell Education Savings Accounts. My soon-to-be college student daughter's Coverdell lists her father (my ...

Mark Kantrowitz
Published February 22, 2010
Is Your Financial Aid a Victim of the Recession?

Is Your Financial Aid a Victim of the Recession?

The economy will affect your financial aid--find out how.

By Lauren Bayne Anderson
Published April 21, 2009
How to Choose the Best Education Loans

How to Choose the Best Education Loans

Know your student loan options before you borrow.

Mark Kantrowitz
Published April 30, 2010
Defaulting on Student Loans

Defaulting on Student Loans

Missing payments on your student loan has serious consequences. If you're making monthly payments and you're 270 days delinquent, or 330 days delinquent if you pay less often than monthly, then ...

By Elisa Kronish
Published September 4, 2008
Borrowers with a Recent Bankruptcy are Ineligible for the Federal PLUS Loan

Borrowers with a Recent Bankruptcy are Ineligible for the Federal PLUS Loan

Borrowers who have had a bankruptcy discharge in the last five years are generally not eligible for the Federal PLUS loan. They remain eligible, however, for Federal Stafford, Federal Perkins and ...

Mark Kantrowitz
Published February 16, 2012
Student Loan Debt Clock Reaches $1 Trillion

Student Loan Debt Clock Reaches $1 Trillion

The student loan debt clock reached the $1 trillion milestone at about 6:40 am ET on Tuesday, May 8, 2012. Although the student loan debt clock is for entertainment purposes only, ...

Mark Kantrowitz
Published May 8, 2012
What are the Downsides and Upsides to Unsubsidized Federal Student Loans?

What are the Downsides and Upsides to Unsubsidized Federal Student Loans?

As a guidance counselor, I have many families asking me if there's any downside to taking out a federal unsubsidized loan. They need loan money either way and the rates for ...

Mark Kantrowitz
Published April 23, 2012
Will the New Rate Cut Affect Your Student Loan?

Will the New Rate Cut Affect Your Student Loan?

The federal government's newest rate cut could have an impact on some student loans. Learn how it could affect your student loans below. Q: How do I know whether this rate ...

By Chris Diehl
Published June 8, 2007
Student Loan Rates Increase: the Impact on You

Student Loan Rates Increase: the Impact on You

On May 8, it was announced that student loan interest rates for the 2014-15 school year would increase for students borrowing from the federal government. Currently, the rates are fixed at ...

By Kathryn Knight Randolph
Published May 12, 2014
Debt Worriers

Debt Worriers

Student debt spans the population and affects all groups across age, race, ethnicity and gender.

Elizabeth Hoyt
Published May 10, 2016
Should Parents Pay Off Credit Cards Before Applying for College Loans and Other Aid?

Should Parents Pay Off Credit Cards Before Applying for College Loans and Other Aid?

Why is it better for parents to pay off credit cards (if one can) before obtaining loans for a child for college? — Diane H. Most forms of consumer debt, such ...

Mark Kantrowitz
Published May 30, 2011
What is a Reasonable and Affordable Monthly Payment for a Defaulted Borrower to Regain Federal Student Aid Eligibility?

What is a Reasonable and Affordable Monthly Payment for a Defaulted Borrower to Regain Federal Student Aid Eligibility?

I am 26 years old and would like to go back to college. I have $12,000 in student loans which are currently in administrative wage garnishment. I make $27,000 a year ...

Mark Kantrowitz
Published August 30, 2010
New Proposals for Hybrid Fixed/Variable Interest Rates on Federal Student Loans

New Proposals for Hybrid Fixed/Variable Interest Rates on Federal Student Loans

The President's budget for fiscal year 2014, which was released on April 10, 2013, includes a proposal for switching new federal student loans to a hybrid fixed/variable interest rate scheme starting ...

Mark Kantrowitz
Published April 12, 2013
Bailout Yourself--Tips for College Savings

Bailout Yourself--Tips for College Savings

Even though the bailout bill has been passed, most Americans are still wary of future financial woes. Students are especially worried, seeing as their funding for college is tied up in ...

By Kathryn Knight
Published March 23, 2009
Congress Proposes Cutting Student Financial Aid in FY2012 Federal Education Budget

Congress Proposes Cutting Student Financial Aid in FY2012 Federal Education Budget

The U.S. House of Representatives and U.S. Senate are considering proposals to cut student financial aid in the FY2012 federal education budget. Rep. Denny Rehberg (R-MT), chairman of the House Appropriations ...

Mark Kantrowitz
Published October 3, 2011