Parent Plus Loans News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Renata Sago | Word In Black (WIB) - After decades of what it calls “historical failures in administering student loans,” the U.S. Department of

When Alex, my elder child, who identifies as nonbinary, was ready to apply for college in 2022, I felt ill-equipped to help them navigate the process. I was raised in a low-income household and had been unprepared to figure out how to make my own college experience affordable. I have been a single parent for 17 years. I have never earned enough income to have to make payments on my student loans, which total $81,000 for two degrees. I assumed I would carry the debt to my grave. Alex is neurodive

Families often get unclear financial aid information from colleges and take on parent PLUS loans thinking its the only option.

Parent Plus loans -- also known as a Direct PLUS Loan -- are issued by the federal government and let parents of dependent students borrow funds to help pay for a student's college or career school....

No matter how many forms of targeted debt relief the department comes up with, there will invariably be borrowers who fall through the cracks.