Go to FAFSA and create an account and they will guide you through much. Also, look to your individual state for student loans, most states offer loans to students who did good in school. Asking your child's school counselor is a great way to find out about loans and also scholarships that may be applied to your child.
yes
Parent Loan: A parent is getting the loan Student loan: A student is getting the loan
No. Child support is based upon the non custodial parent's income. A student loan is considered a debt.
Probably not. What the loan is for isn't the issue. His record of repaying loans is.
In the US, unfortunately the answer is no. A parent PLUS loan must stay with the parent. If you cosigned on a loan for your child and the loan is federally guaranteed, then you can get your name off of the loan by having your child consolidate the loans. If you need help with the consolidation of the student loans, click on the link at the bottom of this text box.
Only a parent can apply for a parent loan. the payment plan for a student loan can be deferred until after graduation. It all depends on who is paying the loan off, the student or the parent
No! Probate Court or the student loan provider may look to some of the asets that your parent may have left behind to satisfy the student loan. But you cannot be made personally liable for your parent's studnet loans unless you co-signed for them.
All Federal Student Aid is available to any college student age 16 and older. This includes Federal Student Loans such as the Stafford and Perkins Loans. You can also take out a parent loan, otherwise known as a PLUS loan, which will be loaned to the parent to help pay for their child's education.
No.
In some instances, a parent can get out of a student loan if they are unable to work. You can visit the Federal Student Aid website for information about discharge of debt.
A parent plus loan is exactally that. A loan for parents to help their children with college expenses and can only be given to parents under the parent's name. You also need to begin to repay that loan while your child is still in school, usually within 60 days.
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.