Parent Plus loans also known as a Direct PLUS Loan are issued by the federal government and let parents of dependent students borrow funds to help pay for a student's college or career school..
Parents who want to help their kids pay for college also need to keep their own retirement planning in mind. Editor’s note: This is part one of a two-part series on managing parent PLUS loans. Part two, about rebalancing your student loan plan as you approach retirement and avoiding mistakes, will run on Thursday, Aug. 31.Planning to pay for your child’s college education? I’m often asked about student loan strategies like, “Which lender will save me the most interest?” Or, “What’s the most I ca