Impact of ParentPlus application

<p>Most schools are pretty good about waiting for the PLUS funds to dispense and not charging any late fees or reversing them if some are incurred. They will NOT chase after dispensed funds that the bursar’s office releases and alot of that is done automatically, so you will need the cooperation of the school to apply his PLUS money first and then your money and maybe your DD doesn’t even have to take out a loan. If you end up owing him money, you can put it in a 525 account for future payments or ask to prepay the next term, rather than sending it to him. It would be just so cool if you get him to pay via PLUS. Hopefully this was his plan all along, but unfortunately, I’ve seen people who have pocketed the money as private loans that they never otherwise could have gotten. Works well. Let the ex pay the whole thing, take out a loan so it looks like you paid, and then pocket the money when it turns out to be excess. It causes enough confusion that a sleepy tired judge just might not get what happened here, as he can show he paid. That’s where I have the concern.</p>