Education loan debt has gone out of control, but actually it’s the moms and dads we have to be most concerned about. There clearly was just one kind of academic loan accessible to families which includes no restriction on what much could be lent with no formula for testing whether the debtor are able the debt—and it really is directed at moms and dads.
No credit score? No work? Neither is a deterrent to securing the federal government’s Parent Loan for Undergraduate pupils program—better referred to as PLUS loan. Continue reading “Moms and dads of Students Must Be Especially Cautious About These Dangerous Loans”