parentplus or private

Parent Cafe
1

Hi,

My D is going off to a good Business school. Got scholarship and grants, but still it leaves a hole for the remainder :(.
I have been offered the PP loan to cover the balance (22K/Year). Since this is the first time, as she is my only kid, I am not aware of the merits/demerits of the PP loan. Is it good or is the private loan better? We have managed to save money ,but I have put it away towards our retirement fund. I am the only income earner around 115 K / year.
I have seen people with tremendous experience and knowledge, in these forums. Can anyone share?

Thanks,
pragov

2

I believe that a ParentPlus loan is cancelled if the parent OR student dies.

Private student loans are not cancelled if the student dies or the parent dies.

3

http://www.consumerfinance.gov/askcfpb/553/what-plus-loan.html

https://www.edvisors.com/college-loans/federal/parent-plus/compare/#differences-between-plus-and-private-loans

4

thanks for the pointers! Will help me start on my research