Comments on: Parent PLUS Loans vs. Cosigning Private Loans vs. HELOC Loans https://studentloansherpa.com/parent-plus-vs-cosigning-vs-heloc/ Expert Guidance From Personal Experience Wed, 13 Sep 2023 14:59:08 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Michael P. Lux, Esq. https://studentloansherpa.com/parent-plus-vs-cosigning-vs-heloc/comment-page-1/#comment-11895 Wed, 13 Sep 2023 14:59:08 +0000 https://studentloansherpa.com/?p=15509#comment-11895 In reply to Stefanie.

The best choice would be a federal loan for your daughter. Once you have maxed out that option, I’d lean toward a Parent PLUS loan based on the information you have provided. With private loan interest rates the same as a Parent PLUS loan, the possibility of PSLF is a nice tiebreaker.

]]> By: Stefanie https://studentloansherpa.com/parent-plus-vs-cosigning-vs-heloc/comment-page-1/#comment-11891 Tue, 12 Sep 2023 22:57:45 +0000 https://studentloansherpa.com/?p=15509#comment-11891 My daughter only has 2 1/2 semesters left to graduate. She qualifies for several scholarships and grants, so we haven’t had to take out private loans or a Parent Plus loan until now. I am trying to decide between those, as the interest rates would be pretty similar, but I work for my state government, and am not at all close to retirement (at least 22-23 years before I reach full retirement age). It looks like we would have to borrow about $10-12k to finish her degree. Would it be better to go with a Parent PLUS loan to possibly pursue PSLF, or to go with a private student loan? Thank you!

]]>