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What is a parent plus loan and why would it be beneficial to you?

Answer:

A parent PLUS loan is a college loan that is taken out by the parents of the student attending school. The interest rates are typically lower than can be found for other types of loans. These loans are available when financial need exceeds the amount of personal loans and scholarships that the student has received.

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Relevant answers:

What are the benefits of a parent plus loan?
The main benefit of the Plus Loan is that the parents can borrow the entire cost of the child's undergraduate education. Another benefit is that the loan is low-interest.
What are the requirements for a Parent Plus Loan?
1. You have to be a student's parent (biological or adoptive)2. Your child must be an enrolled student, at least half-time3. Parent's credit must be good.4. Parent's and child/children must be U.S...
What are requirements for a Parent Plus Loan?
Parent's who are trying to help further their education may apply for a Parent Plus Loan. The foremost requirement is that you must have a child that is planning to attend school.
What is a Parent PLUS Loan?
A Parent PLUS Loan to meet students' education costs is available through both the FFEL and Direct Stafford Program. Parents who have an acceptable credit history can borrow a Parent PLUS Loan to pay...
Who qualifies for a parent plus loan?
Parent plus loans are for college students who have parents that can't afford to pay their child's tuition. Many students now days can't afford to go to school, and most parents don't set up...