I have a Parent PLUS Loan in my name for one of my children.  How can I change the loan to put it 100% in my child’s name, removing my name completely? Are there several choices?  Or only a few?   Refinancing is only way to transfer ownership of a Parent PLUS loan from you […]

Read More

Earlier this week, the Obama administration finalized a plan, whereby parents with damaged credit histories could gain greater levels of access to federal student loans. This would help them cover their children’s undergraduate expenses. In his article, Josh Mitchell mentions that the Education Department plans to implement the new measures by next spring. As part […]

Read More

We’ve written before about how Presidential administration policies have harmed students at historically black colleges and universities (HBCUs). This fall, more stringent Parent PLUS loan requirements resulted in thousands of students at HBCUs dropping out because they could not afford their tuition without these loans. Today we write about the outcry at one HBCU in […]

Read More

Beginning in Fall 2011, the criteria for parent PLUS loans unexpectedly tightened, resulting in tens of thousands of students losing much-needed funding and subsequently being forced to drop out of college. The schools most affected by these changes have been historically black colleges and universities (HBCUs) who have seen potentially catastrophic drops in enrollment as […]

Read More