It may be hard to believe, especially when you are in the umpteenth argument about teeth brushing or bedtime, but parents do have a huge influence on the lives of their children.
Numerous studies reveal that the influence of parents on a child's academic success is critical. Beyond being a positive influence, parents can also help their college-age children pay for the education.
Parents who haven't been able to save enough for their child's education may consider a federal parent loan (Direct PLUS Loan) to cover some of the costs.
Here five important facts parents need to know before taking out a Direct PLUS Loan:
Though parents may sometimes argue with their children, one thing is for sure – most parents want the best for their children – even it mean taking on additional debt. Before taking out a Direct PLUS Loan, parents should make sure that they've helped their child obtain as much financial aid (especially financial aid that doesn't have to be repaid) as possible.