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Is a Parent Plus Loan the best option?

I am overwhelmed by loans and I can't tell which one is the best for me! #college #loans #stress

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Martina’s Answer

It depends on the cost of the college or university. The parent plus loan will offset the balance the student will have remaining. The student can apply for a loan or apply for scholarships as well. Also, the parent plus is deferred until graduation.
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Ken’s Answer

Keep in mind that it is very important to control the cost of an education as you would any other investment. Too many people spend way too much money on an education and end up with unnecessarily huge debt. Therefore, I am presenting two concepts that will allow you to consider ways to reduce that expense.


 It really does not matter what school you attend, as the most important factors are how well you do with the school work, which is an indication to an employer about what kind of employee you will be, and the effort that you put forth in your networking to set up networking connections that will help you throughout your education/career journey. Here is an important video for you to watch: ## http://www.ted.com/talks/julie_lythcott_haims_how_to_raise_successful_kids_without_over_parenting?utm_campaign=social&utm_medium=referral&utm_source=facebook.com&utm_content=talk&utm_term=education ##


Here some ways to reduce the cost of college.

http://www.educationplanner.org/students/paying-for-school/ways-to-pay/reduce-college-costs.shtml
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robin’s Answer

Parent loans are just what they say you will need your parents to fill out this information and application to see if they are qualify for the loans. Most times Parent loans carry a higher % to paying back. Parent loans will show on your parents credit reports as a debt owed. Please be careful when choosing your lender and payback period, you don't want to come out of your college years owing more then you make from that education you are paying for. Please look for GRANTS if possible. Search for a wide variety of scholarships, submit as many as you feel relate to you. Parents employers may have program you can submit for scholarships. If your parents are in a union the Union hall may offer scholarships, you have a variety of places to look for money before barrowing.

robin recommends the following next steps:

Apply for Grants
Apply for organizational Scholarships
Read fine print on payback period
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