Can only one parent apply for parent plus loan?
Asked By: Destiny King
Date created: Thu, Apr 15, 2021 10:39 PM
Date updated: Sat, Dec 31, 2022 1:47 AM
Video answer: Parent plus loan vs private student loans
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Only one parent can be listed as a borrower on a single Parent PLUS loan. However, two parents can each apply for separate Parent PLUS loans for a single child, so long as the combined loan amounts do not exceed the annual limit… The borrower of a PLUS loan must not have an adverse credit history.
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