May 1, 2023
Saving for college can be tough.
With the rising costs of just about every living expense lately, setting aside money for a child’s education may have been challenging. Even if a family has managed to save some money, it may not be enough to cover all of a student’s college expenses.
Parents who haven’t been able to save enough 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 if it means taking on additional debt. However, before taking out a Direct PLUS loan, parents should make sure that they’ve helped their child obtain as much financial aid as possible, especially financial aid (such as scholarships) that does not have to be repaid, and that they are not putting their own financial future at risk.
FAFSA Updates-South Dakota Department of LaborMonday, July 24 at 2:00 PM CST
Sneak Peek for School Counselors on FAFSA ChangesWednesday, August 30 at 3:00 PM CST
T.F. Riggs High School Financial Aid NightThursday, September 7 at 7:00 PM CST