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Parent PLUS College Loan

A Parent PLUS college loan helps parents pay for the education of their child by acting as a cosigner for federally backed loans. Unlike other types of federally backed student loans, a Parent PLUS college loan does not depend on demonstrable financial need, but rather, depends on a parent’s credit history. Also, the cap placed on the amount of PLUS loans available on a yearly basis remains higher than other types of federal funding, $40,000…