Parent’s Guide to PLUS Loans

If you’re a parent of a college bound teenager, chances are likely that you’ve explored all possible options for paying for college. Whether it was looking for free money for college, looking for financial tips for your college student, or looking for advice on how to manage student loans– as parents, we tend to do quite a bit of research. My oldest, V, will not be college bound until next year, but he already has a pretty good plan in place. He wants to attend U.C. Berkeley (Cal) and is working on keeping his grades up so he can be eligible for scholarships. Which is great. Because as a parent, I really don’t want to apply for a PLUS loan. And before you consider applying…