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

 

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

 

THREE MIN VIDEO.  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.

 

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