Parent Loans - Unmarried Parents

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Parent Loans - Unmarried Parents

Postby cmorris73 » Wed Feb 20, 2013 12:00 pm

My son is preparing his FAFSA now. His father and I were never married - we shared custody, but his father claims the deduction by agreement. My son is using his father's financial information on the FAFSA. Since I make a lot more money than his father, I am not going to be included on the FAFSA. Will I still be able to take out Parent Student Loans to help my son with college if necessary?
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Re: Parent Loans - Unmarried Parents

Postby Aid Whiz » Mon Feb 25, 2013 1:06 pm

Yes, either parent can apply for PLUS Loans for their child, though if you both decide to do so, the total taken out must not exceed the student's Cost of Attendance.
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