Loans for college? Maybe not
As the costs of college continue to rise, how to pay for a college education is at the forefront for many families. Often, loans are a necessary component of affording a college education for both students and parents. But options for US families and students are changing. Read on for what you need to know about how paying for a college education is changing dramatically– Thinking of taking out a parent loan for college costs? Your options have changed. For parents considering taking a loan to afford the cost of college, government-backed Parent PLUS loans have always been the first option to consider. This Federal direct loan program makes loans available to the parents of undergraduate students enrolled at least half time. While in the past parents could take out up to the full cost of attendance annually, and could utilize income-driven repayment plans and loan forgiveness programs, these options are dramatically changing. Included within the One Big Beautiful Bill Act of...