Page 3 - Plus Loan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Children. we need to be creating opportunity for them, so that they can be the innovators of the future. for example, the decision to change the guidelines for the parent plus loans. the parents who suffered through the recession lost jobs, lost equity, are now being -- their children are being penalized by having these reservations that now make tighter credit standards. we have 14,000 african-american students attending hbsus, denied the opportunity to return to school. >> because it goes up each year. >> and because of parents no longer qualified for the plus loan, and so these students now...

You try to tie it to the borrowing event. if you're borrowing for college you should be looking at loans, plus loan, never private loans. if you're putting an addition on your house, a home equity line of credit. i like matching the car loan to the car not the home equity, even though you get the tax deduction because you're going to pay 15 years on a car that's going to be long gone. >> and the deduction could go away, careful to buy on those right now. >> on anything right now. >> the question i have, pat, mostly older folks are going in. >> that's scary. >> what does it tell us where we are...

Ann wrote in, my daughter is transferring to a new college this fall. she received a merit scholarship from the new school. but we still need more money to pay it. she is applying for a sally mae student loan. is there another place that she should look for the money? >> so three basic areas. first, the student loan components, stafford loans, subsidized and unsubsidized. and perkins. don't forget to overlook those. and on the parent side, the plus loan. then as our your last resort, private loans. i worry, because student loans stick to you like fly on fly paper. so once you have exhausted th...