It’s not just young adults who are grappling with the burdens of student loan debt; parent...

Parents Hope For Student Loan Forgiveness As They Struggle With Loan Debt – Forbes

It’s not just young adults who are grappling with the burdens of student loan debt; parents are struggling, as well. A new report released today by NerdWallet illustrates the broad, ongoing hardships of Parent PLUS borrowers. Parent PLUS loans are a unique type of federal student loan where the parent takes on student debt on behalf of their child who is pursuing an undergraduate degree. The parent, not the student, is the sole borrower responsible for the loan’s repayment. Parent PLUS loans can have much higher interest rates than other types of federal student loans, and fewer repayment options. As …

 

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