Parent PLUS Loans: How They Work, Loan Forgiveness, And More

The College Investor Audio Show · Mar 9, 2018 · 7m

This is one of the most common questions I get almost everyday - I can't afford my Parent PLUS Loans, what do I do?

I'm a firm believer that parents should NOT be taking out loans to pay for their children's' education. There are a lot of reasons why it's a bad idea, and I cover most of them in my Forbes column.

The fact is, though, if you're reading this article, it's too late. You've already borrowed and now you're struggling to pay it back. And the most common way that parents borrow money to pay for college is through Parent PLUS Loans.

They sound like a good idea - parents can get…