parent plus loans

The cost of college continues to rise and with incomes staying relatively static or even worse, unexpected job loss, paying for your child’s college education can be a source of great anxiety.  There is a little known option offered by the federal government that may help you.  Let’s take a look at the parent plus loan.

The parent plus loan is a loan taken out by a parent on behalf of a child to help pay for tuition and other school related expenses at a qualifying college or university, or by a graduate student for graduate school. Your child must be enrolled at least half time and your credit has to be good or excellent.

Keep in mind that this is not a needs based loan so if you have damaged or no credit and are looking for a way to finance your child’s college, you will be better off filling out the FASFA to qualify for one of the needs based grants or loans.

With the parent plus loan, you can borrow enough money to finance your child’s entire undergraduate education including housing, books, tuition, and any other eligible school expense at a federally guaranteed low interest rate.

It should be noted that it is recommended that this loan should be used in conjunction with student loans, grants and scholarships.  It should not be used as the only form of payment if possible.

Remember that this is not a needs based loan.  The federal government says this about the qualifications:

“Eligibility for the parent plus loan depends on a modest credit check that determines whether the parent has adverse credit. An adverse credit history is defined as being more than 90 days late on any debt or having any Title IV debt within the past five years subjected to default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write-off.”

As of June of 2006, the fixed interest rate is 8.5% with a .25% credit if an automatic withdrawal is set up and interest may be tax deductable.

While not widely known, the parent plus loan can be the perfect way to finance the rest of your child’s college education.

About the Author:

Tim is the author of the blog, elementary-finance.com. The goal of this blog is to educate those who have a desire to learn the basics of finance.

Article Source: ArticlesBase.com – Use the parent plus loan to help pay for college

Direct PLUS loans William D. Ford Federal Direct Loan Program : a guide to federal education loans for parents (SuDoc ED 1.310/2:420233) ...

Federal Direct Student Loan Program : Federal Direct PLUS Loans (for parent borrowers) : parent borrower's rights and responsibilities (SuDoc ED 1.2:F 31/2) ...

Direct PLUS loans : a guide to federal education loans for parents (SuDoc ED 1.8:L 78/8) ...

SBA Loans $23.48 The #1 guide to securing your Small Business Administration loan-Updated and revised to include every SBA loan, program, and service available SBA LOANS This comprehensive and accessible guide for small business owners shows you how to get your share of the billions of dollars in loans arranged or guaranteed by the SBA each year. In easy, step-by-step fashion, it helps you prepare a successful loan request for a new or established company and offers guidance on developing a business plan for your new business. In addition to full coverage of the agency's various loan programs-including seasonal guarantee, pollution control, energy loan, and Vietnam veteran and handicapped assistance-you'll find an exhaustive directory of all the free services the SBA provides to small businesses. Up-to-date and more comprehensive than ever, this popular reference includes complete information on: * Understanding the SBA system * Eligibility requirements * Recent lending statistics * ACE-Net finance matching service * Updated loan application forms and appendix listings Plus * A new chapter on the Hubzone Empowerment Contracting Program * Updated information on the Export Working Capital Program Today, the SBA offers more services and more money than ever before. From coast to coast and in every industry, thousands of American entrepreneurs make the SBA system work for them-and you can too.

Loans & Grants from Uncle Sam $9.98 How much federal aid should a family expect? Is there any real difference between lenders? Which repayment office is best? Loans and Grants takes families through the maze to make sure they get their fair share of the nearly $70 billion in available federal student aid. Loans and Grants demystifies the jargon of financial aid, defining such confusing terms as: Pell grants Need analysis FAFSA, SAR and ISIRs Stafford Loans PLUS loans Direct Loans Perkins Loans Loan Limits Interest Rates Default Deferments Consolidation Cancellation Verification Forbearance Forgiveness

Loans & Grants from Uncle Sam $3.98 How much federal aid should a family expect? Is there any real difference between lenders? Which repayment office is best? Loans and Grants takes families through the maze to make sure they get their fair share of the nearly $70 billion in available federal student aid. Loans and Grants demystifies the jargon of financial aid, defining such confusing terms as: Pell grants Need analysis FAFSA, SAR and ISIRs Stafford Loans PLUS loans Direct Loans Perkins Loans Loan Limits Interest Rates Default Deferments Consolidation Cancellation Verification Forbearance Forgiveness

Loans and Grants from Uncle Sam $7.48 How much federal aid should a family expect? Is there any real difference between lenders? Which repayment office is best? Loans and Grants takes families through the maze to make sure they get their fair share of the nearly $70 billion in available federal student aid. Loans and Grants demystifies the jargon of financial aid, defining such confusing terms as: Pell grants Need analysis FAFSA, SAR and ISIRs Stafford Loans PLUS loans Direct Loans Perkins Loans Loan Limits Interest Rates Default Deferments Consolidation Cancellation Verification Forbearance Forgiveness

Loans & Grants from Uncle Sam $5.48 How much federal aid should a family expect? Is there any real difference between lenders? Which repayment office is best? Loans and Grants takes families through the maze to make sure they get their fair share of the nearly $70 billion in available federal student aid. Loans and Grants demystifies the jargon of financial aid, defining such confusing terms as: Pell grants Need analysis FAFSA, SAR and ISIRs Stafford Loans PLUS loans Direct Loans Perkins Loans Loan Limits Interest Rates Default Deferments Consolidation Cancellation Verification Forbearance Forgiveness

Loans & Grants from Uncle Sam $3.98 How much federal aid should a family expect? Is there any real difference between lenders? Which repayment office is best? Loans and Grants takes families through the maze to make sure they get their fair share of the nearly $70 billion in available federal student aid. Loans and Grants demystifies the jargon of financial aid, defining such confusing terms as: Pell grants Need analysis FAFSA, SAR and ISIRs Stafford Loans PLUS loans Direct Loans Perkins Loans Loan Limits Interest Rates Default Deferments Consolidation Cancellation Verification Forbearance Forgiveness

Loans & Grants from Uncle Sam $3.98 How much federal aid should a family expect? Is there any real difference between lenders? Which repayment office is best? Loans and Grants takes families through the maze to make sure they get their fair share of the nearly $70 billion in available federal student aid. Loans and Grants demystifies the jargon of financial aid, defining such confusing terms as: Pell grants Need analysis FAFSA, SAR and ISIRs Stafford Loans PLUS loans Direct Loans Perkins Loans Loan Limits Interest Rates Default Deferments Consolidation Cancellation Verification Forbearance Forgiveness

Loans and Investments $18.35 Loans and Investments

Loans and Investments $24.88 Loans and Investments

Loans And Investments $24.49 Loans And Investments

Loans And Investments $31.73 Loans And Investments

Be The Parent $11.69 Be The Parent

SBA Loans: A Step-By-Step Guide $19.75 The #1 guide to securing your Small Business Administration loan– Updated and revised to include every SBA loan, program, and service available SBA LOANS This comprehensive and accessible guide for small business owners shows you how to get your share of the billions of dollars in loans arranged or guaranteed by the SBA each year. In easy, step-by-step fashion, it helps you prepare a successful loan request for a new or established company and offers guidance on developing a business plan for your new business. In addition to full coverage of the agency’ s various loan programs– including seasonal guarantee, pollution control, energy loan, and Vietnam veteran and handicapped assistance– you’ ll find an exhaustive directory of all the free services the SBA provides to small businesses. Up-to-date and more comprehensive than ever, this popular reference includes complete information on: Understanding the SBA system Eligibility requirements Recent lending statistics ACE-Net finance matching service Updated loan application forms and appendix listings Plus A new chapter on the Hubzone Empowerment Contracting Program Updated information on the Export Working Capital Program Today, the SBA offers more services and more money than ever before. From coast to coast and in every industry, thousands of American entrepreneurs make the SBA system work for them– and you can too.

The Death of a Parent $6.49 Adult children -- whether they are in their twenties or sixties or somewhere in between -- often need to do much more than make the funeral arrangements when a parent dies. The death of a parent can be a major life-changing event for the adult child.Regardless of the parent-child relationship or the circumstances surrounding the parent's death, many powerful feelings and memories arise when a parent dies. Adult children have to deal with the immediate loss plus unresolved issues from the past, the new shape of their family, the reality of their own identity and mortality, and the relevance of religious beliefs and values.The Death of a Parent is filled with stories of people who have lost a parent and how they dealt with the reality of that event. Eighteen stories divided into eight sections touch on a wide range of emotions and situations related to grief, loss and moving on with one's life in a healthy manner. A spiritual reflection concludes each of the sections.

Parent's Prayer Sheet Music $3.95 (Let Go of Two) By Greg Davis. Single for voice, piano and guitar chords. 5 pages. Published by Hal Leonard.

The Parent's Guide to Effective Practicing $6.95 By Nancy O'neill Breth. Educational Piano Library. Softcover. 6 pages. Published by Hal Leonard.

Parent's Prayer Sheet Music $8.99 Wedding Tracks. Popular wedding songs in three keys. Modern Christian. Accompaniment CD. Published by Word Music.

A Parent's Guide To Piano Lessons $3.95 By Jane Smisor Bastien. For Piano. Bastien Piano. Special Bastien Books. Music Book. Published by Neil A. Kjos Music Company.

The Expert Parent $12.68 A quick reference that provides clear, accessible and up-to-date information addressing parents' most common concerns, The Expert Parent features advice on bed-wetting from the National Enuresis Society; toy-safety tips from the Toy Manufacturers of America; plus much more from over 100 preeminent experts.

Parent Savvy $5.98 The only book that covers the financial, legal and practical aspects of raising your child. Winner of the 2005 Parent to Parent Adding Wisdom Award You have diapers and naps figured out -- now it's time to address the bigger questions about your child's future. Whether you're a new parent or about to become one, turn to Parent Savvy to cross items off your baby "to do" list with confidence. It's the only book that gives you quick answers to questions that come with parenthood, such as... What type of child care is best for my family? How do I balance work with family? How do I take advantage of pregnancy and family leave? Can I take advantage of tax credits? What's the best way to save for my child's education? Do I need to write a will and choose a guardian? and much more ...you'll find the answers -- plus tips, checklists and resources -- in Parent Savvy. It's the all-in-one reference you'll turn to over and over. The book also features parenting advice from BabyCenter, the nation's leading Internet destination for new and expectant parents. Named "Best Product" for 2006 by iParenting Media Awards

Today's Parent $46.95 Today's Parent Get a wealth of useful information, valuable advice and fun ideas for raising healthier, happier kids from the top magazine for parents in Canada. If you have children from birth to age 14, you’ll get insightful answers to all your parenting questions on behaviour, safety, health, development, education and more. Today’s Parent magazine also brings you: great children's craft ideas; parenting book reviews; family travel tips and fun family vacation ideas; the annual Canadian Toy Guide; plus much more.Please note this includes $29.00 for additional postage for this Canadian Published Magazine.

Scholarships Fellowships & Loans (Scholarships, Fellowships and Loans, $1.79 Scholarships Fellowships & Loans (Scholarships, Fellowships and Loans,

The Parent Trap (Medley) Sheet Music $2.02 Arranged by Roger Emerson. (2 part). Pop Choral Series. 24 pages. Published by Hal Leonard.

A Parent's Prayer SATB Sheet Music $1.57 By Bacon. For SATB Choir. Choral, Dedication/Committment, Mother's Day, Father's Day and Sacred. Sheet Music. Published by Shawnee Press.

Small Loans, Big Dreams $27.55 Small Loans, Big Dreams

Saint Ghetto Of The Loans $13.58 Saint Ghetto Of The Loans

Saint Ghetto of the Loans $12.33 Saint Ghetto of the Loans

Scholarships, Fellowships and Loans $323 Scholarships, Fellowships and Loans

76 Bad Loans : 095632101027 $75.03 76 Bad Loans : 095632101027

Builder's Guide To Government Loans $4.9 Builder's Guide To Government Loans

Student Loans (psi Report) $25.05 Student Loans (psi Report)

Saint Ghetto Of The Loans: Grimoire $25.95 Saint Ghetto Of The Loans: Grimoire

Federal Student Loans $146.95 Federal Student Loans

Managing Problem Loans $10.9 Managing Problem Loans

Managing Problem Loans $38.72 Managing Problem Loans

Model For Savings And Loans $4.39 Model For Savings And Loans

Scholarships, Fellowships, Grants And Loans $1 Scholarships, Fellowships, Grants And Loans

How to Get Government Loans $4.99 How to Get Government Loans

Federal Student Loans: Revisited $56.64 Federal Student Loans: Revisited

Notes On Local Loans $7.88 Notes On Local Loans

Scholarships, Fellowships, Grants And Loans $9.88 Scholarships, Fellowships, Grants And Loans

Art Loans : 9041106677 $402.87 Art Loans : 9041106677

A treasury of government loans $4.21 A treasury of government loans

Mortgage Loans $3.48 Mortgage Loans : What's Right for You? by James E. Bridges 4th Published in 1997 by Betterway Books

Let's Get Together (from The Parent Trap) $22.95 By Richard M. Sherman, Robert B. Sherman. Arranged by Alan Billingsley. (Showtrax CD). Disney Choral. CD only. Published by Hal Leonard.

Parent's Prayer (w) (CD only - no sheet music) $8.98 By Steven C. Chapman. (High/Medium/Low Voice). Wedding and Modern Christian. Performance Track, Adult Contemporary Inspirational, Wedding and Sacred. CD Trax - Performance/Accompaniment CD. Published by Praise Hymn Soundtracks.

Joovy Parent Organizer Black $29.99 The Joovy Caboose and Joovy Big Caboose are two of the coolest umbrella strollers we have at EliteCarSeats.com. Their longevity is amazing: Each Joovy Stroller allows a baby (or two) to sleep in either their car seat or a reclined stroller seat, and a toddler can sit up and hitch a ride on the signature Joovy ride-on seat at the back. There is only one noticeable disadvantage to Joovy Strollers: the lack of a parent console for the grown-ups to stash their drinks and valuables in. Previously, only the kids had this luxury . . . Well, Joovy has a solution to this lone dilemma: the Joovy Caboose Parent Organizer . It attaches to handles of both the Joovy Caboose and the Joovy Big Caboose, allowing you to store a drink, plus your iPOD, phone, and whatever else you can fit into the three additional pockets with a zipper enclosure. The Joovy Parent Organizer is made of washable neoprene, and slips over or off the handles of your Joovy Caboose or big Caboose in seconds.

Parent Training Kit $4.23 This is the indispensable accessory for parent owners everywhere! Are your parents proving problematic? Do they embarrass you? Show you up in front of your friends? Make you run errands, tidy your room, help around the house? This essential kit contains all you need to transform mum and dad, including a study guide complete with rules and advice for the errant parent, a set of test papers and a fridge-mountable scorechart to record the results with gold stars to encourage, plus the inevitable black marks. There are report cards for all levels of achievement, and a certificate for the highest achievers. The Parent Training Kit ensures that everyone has fun while family relationships (well, certainly from your point of view!) can only improve.

Business Loans from Family & Friends $23.99 Business Loans from Family & Friends

Loans & Grants from Uncle Sam $8 Loans & Grants from Uncle Sam

Loans & Grants from Uncle Sam $8.44 Loans & Grants from Uncle Sam

Internal War Loans of Belligerent Countries $20.68 Internal War Loans of Belligerent Countries

Home Loans (approved) The Right Way $6.25 Home Loans (approved) The Right Way

Superloan: The Book On Interest-Free Loans $39.67 Superloan: The Book On Interest-Free Loans

The Complete Guide To Home Loans/cassette $99.99 The Complete Guide To Home Loans/cassette

History Of The Currency Of The Country And Of The Loans Of The United $17.63 History Of The Currency Of The Country And Of The Loans Of The United

Bank Loans And Stock Exchange Speculation $7.88 Bank Loans And Stock Exchange Speculation

Scholarships And Loans For Nursing Education 1993-94 $2.4 Scholarships And Loans For Nursing Education 1993-94

Jasper Johns: Loans From the Artist $34.65 Jasper Johns: Loans From the Artist

Mortgage loans: What's right for you? $1 Mortgage loans: What's right for you?

De Figueren Vande Verboden Goude Ende Silveren (1580) (mandarin Chines $21.36 This Book Is In Dutch.

The Americans $89.96 Buy and sell [The Americans] at great prices.

Parent as Mystic, Mystic as Parent $8.48 Parent as Mystic, Mystic as Parent

Parent to Parent Handbook $6.3 Parent to Parent Handbook

Surviving Your Student Loans $18.98 Surviving Your Student Loans by Nancy Mitchell Published in 2006 by Booklocker.com

Let's Get Together (from The Parent Trap) Sheet Music $1.44 By Richard M. Sherman, Robert B. Sherman. Arranged by Alan Billingsley. (2 part). Disney Choral. 8 pages. Published by Hal Leonard.

Scholarships Fellowships and Loans $4.48 Scholarships Fellowships and Loans : A Guide to Education-related Financial Aid Programs for Students and Professionals (Scholarships, Fellowships and Loans) by Gale 23rd Published in 2006 by Thomson Gale

Scholarships & Loans for Adult Students (Scholarships and Loans for Adult Students) $3.48 Scholarships & Loans for Adult Students (Scholarships and Loans for Adult Students) by Peterson's Published in 1999 by Peterson's

Scholarships, Fellowships and Loans $4.48 Scholarships, Fellowships and Loans : A Guide to Education-Related Financial Aid Programs for Students and Professionals (Scholarships, Fellowships and Loans, 18th ed) 18th Published in 2002 by Gale Group

Scholarships Fellowships & Loans $4.48 Scholarships Fellowships & Loans : A Guide to Education-Related Financial Aid Programs For Students And Professionals (Scholarships, Fellowships and Loans) by Miskelly, and Matthew 21st Published in 2004 by Thomson Gale

SBA Loans $3.48 Comprehensive and accessible, this small business owner's financing advisor shows you how to get your share of the estimated $6 billion in loans arranged or guaranteed by the SBA each year. In easy, step-by-step fashion, it helps you prepare your own successful loan request for a new or established company. In addition to full coverage of the agency's various loan programs, including seasonal guarantee, pollution control, energy loan, and handicapped assistance, you'll find an exhaustive directory of all the free services the SBA provides to small businesses. Extensively revised and expanded, this popular reference includes complete information on: Understanding the SBA system Eligibility requirements Preparing and composing your business plan Recent lending statistics. The SBA has never been more active in helping downsized, rural, urban, minority, successful, and struggling entrepreneurs. Now, make the system work for you.

Be The Parent $11.98 Instead of tuning in to Super Nanny or Nanny 911, pick up this humorous yet biblically-solid book of parenting advice. Kendra Smiley, author of High Wire Mom and Aaron’s Way, once again hits on a subject that moms and dads are longing to hear–how can I be a better parent and raise great and godly children? With wisdom gleaned both as parent and teacher, Kendra suggests seven proactive choices parents can make to help reduce family stress and avoid parenting emergencies. Each chapter ends with a dash of advice from her husband, John, who offers a dad’s point of view. Whether exhausted and struggling or just longing to improve their skills, Be the Parent is the perfect resource for moms and dads seeking to positively impact their children. Includes survey responses from real parents.

Be the Parent $8.47 With wisdom gleaned both as parent and teacher, the author of High Wire Mom suggests seven proactive choices parents can make to help reduce family stress and avoid parenting emergencies. Includes survey responses from real parents.

The Parent's Success Guide to Organizing (For Dummies (Lifestyles Paperback)) $3.98 The essentials of keeping your home clutter-free Piles of laundry, junk-filled closets, out-of-control playrooms-with all that's involved in organizing your home, what's a busy parent to do? The Parent's Success Guide to Organizing tells you everything you need to know to restore harmony to your home-from the bedroom to the basement and everything in between. This convenient, portable guide helps you gather the best supplies and develop a plan of action, featuring parent-friendly solutions for: Setting reasonable goals (Rome wasn't built in a day) Getting your primary living spaces livable again-from the entryway to the kitchen, from the family room to the garage and patio Restoring order in the home office, from paper clips to the PC Managing household information-everything from mail to master lists Making the most of your personal time Plus, in every Parent's Success Guide, you get Top Ten lists and timesaving tips!

The Parent's Success Guide To Parenting (For Dummies (Lifestyles Paperback)) $3.98 The essentials of raising your little one Diapers, feedings, discipline, manners, daycare-with all there is to know about parenting, what's a busy parent to do? The Parent's Success Guide to Parenting tells you everything you need to know to prepare for and enjoy your child from day one to day three thousand and one. This convenient, portable guide helps you understand and guide your child (and keep your cool!), featuring parent-friendly solutions for: * Nurturing a healthy body and mind * Handling physical milestones * Successful, stress-free potty training * Teaching good behavior * Keeping your child safe and happy * Sharing in parenting (it really does take a village) Plus, in every Parent's Success Guide, you get Top Ten lists and timesaving tips!

Bankrupt Your Student Loans: And Other Discharge Strategies $38.95 Bankrupt Your Student Loans: And Other Discharge Strategies

How Do Mortgages, Loans, and Credit Work? $22.87 How Do Mortgages, Loans, and Credit Work?

Bankrupt Your Student Loans: And Other D $27.96 Bankrupt Your Student Loans: And Other D

How Do Mortgages, Loans, and Credit Work? $8.32 How Do Mortgages, Loans, and Credit Work?

A Treatise on the Law of Usury, Pawns or Pledges, and Maritime Loans $63.58 A Treatise on the Law of Usury, Pawns or Pledges, and Maritime Loans

The Loan Officer's Handbook for Success: For Residential Mortgage Loans $88.99 The Loan Officer's Handbook for Success: For Residential Mortgage Loans

The Repayment of Local and Other Loans, Sinking Funds $32.54 The Repayment of Local and Other Loans, Sinking Funds

The Repayment of Local and Other Loans, Sinking Funds $27.93 The Repayment of Local and Other Loans, Sinking Funds

Loans by Private Individuals to Foreign States Entitled to Government ... $12.61 Loans by Private Individuals to Foreign States Entitled to Government ...

Loans by Private Individuals to Foreign States Entitled to Government ... $21.27 Loans by Private Individuals to Foreign States Entitled to Government ...

Loans by Private Individuals to Foreign States Entitled to Government ... $12.61 Loans by Private Individuals to Foreign States Entitled to Government ...

Loans by Private Individuals to Foreign States Entitled to Government ... $21.05 Loans by Private Individuals to Foreign States Entitled to Government ...

The Repayment of Local and Other Loans, Sinking Funds $35.41 The Repayment of Local and Other Loans, Sinking Funds

History of the Currency of the Country and of the Loans of the United States (1900) $17.84 History of the Currency of the Country and of the Loans of the United States (1900)

Bankrupt Your Student Loans: And Other D $27.88 Bankrupt Your Student Loans: And Other D

Scholarships Fellowships And Loans: A Guide To Education-Related Finan $4.28 Scholarships Fellowships And Loans: A Guide To Education-Related Finan

Repayment of Local and Other Loans, Sinking Funds $28.04 Repayment of Local and Other Loans, Sinking Funds

Scholarships, Fellowships And Loans 1994-95: A Guide To Education-Rela $5.26 Scholarships, Fellowships And Loans 1994-95: A Guide To Education-Rela

The Repayment Of Local And Other Loans, Sinking Funds $36.77 The Repayment Of Local And Other Loans, Sinking Funds

Loans by Private Individuals to Foreign States Entitled to Government $18.11 Loans by Private Individuals to Foreign States Entitled to Government

Questions and Answers for Fha, Va and Conventional Loans $1.99 Questions and Answers for Fha, Va and Conventional Loans

Scholarships, Fellowships And Loans: A Guide To Education-Related Fina $1.92 Scholarships, Fellowships And Loans: A Guide To Education-Related Fina

Loan Officer's Handbook for Success: For Residential Mortgage Loans $22.95 Loan Officer's Handbook for Success: For Residential Mortgage Loans

How To Get Credit And Loans: A Practical Guide $6.72 How To Get Credit And Loans: A Practical Guide

A Restatement of Rabbinic Civil Law: Laws of Loans $58.95 A Restatement of Rabbinic Civil Law: Laws of Loans