Post by healthy11 on Feb 28, 2017 22:35:42 GMT -5
www.newsmax.com/Finance/StreetTalk/Student-Loan-Debt-Parents/2017/02/27/id/775912/ points out the many pitfalls of taking out a Parent Plus Loan...they are handed out without regard to a parent’s ability to pay them back. Rates and fees are much less generous than other loans a student can get. The federal government is able to garnish wages, rescind tax refunds, and even dock Social Security checks in order to collect the debt. Beware of the terms beforehand.