Parent PLUS loan defaulting on student

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Parent PLUS loan defaulting on student

Postby avanwey » Tue Oct 02, 2012 2:04 pm

My parents took out a parent loan when I started college and I'm wondering if there's any possible way that it would come to me if they defaulted, or affect my credit in any possible way.
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Re: Parent PLUS loan defaulting on student

Postby Aid Whiz » Tue Oct 09, 2012 8:49 am

No, the Parent PLUS loan is 100% in the name of the parent, if they default, it only affects their credit. If they are having trouble making payments, this might be a helpful resource for them: http://www.parentplusloan.com/repayment ... idance.php
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