October 16, 2009

Why Parent Plus Loans are the Right Choice

Posted in Parent PLUS Loans tagged , at 8:18 AM by dbonvie

In today’s uncertain world where every dime counts and most are on a tight budget the Parent Plus loan makes good economic sense as it provides a fixed interest rate for its borrowers. That is an important benefit to note because most private student loans, which parents co-sign for their students, are variable interest rates. Wouldn’t you rather have the piece of mind of knowing what your monthly payment will be? Private student loans fluctuate with the market – Parent Plus loans do not.

So while private student loans may offer you a lower variable interest rate now, it may be worth it to take out a Parent Plus loan which holds a higher fixed interest rate to protect yourself later.

Parent Plus Loan Application