How to Borrow Smarter
Jul 23, 2021
3 minutes
by KERRI ANNE RENZULLI
Parent PLUS loans can be a lifeline to helping your child obtain a college degree. But they can also saddle you with high monthly payments that strain your wallet now and threaten your future financial security in retirement. Here’s what you need to know before you take on this debt.
BEFORE YOU APPLY
Some schools include Parent PLUS loans in the financial aid package they present to accepted students, which can create confusion about the true cost
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