The Parent Plus Loan: Pros, Cons, and Sneaky Financial Aid Offers

Check out this short video on the Parent Plus Loan, where CIT’s Cozy Wittman lays out the pros, cons, and some caveats related to this loan.

Parents: carefully examine how your college leverages the loan in your financial aid offer! What are the real numbers?  If the Parent Plus Loan sits about 2.5 to 3 points higher than the federal loan, with a 4% origination fee and at a higher interest rate than the federal loan, is it really your next best option? How might you determine better options?

This quick video offers clarification.