<p>I did some more looking into this this afternoon. Parents who have a credit score of 690 or above can qualify for the best private student loan rates which range from 2.875 to 4.375 at all the different sites I checked out. </p>
<p>I also looked up credit score statistics at a couple of different websites. Somewhere between 60% and 66% of the population has credit scores at or above 690. That means that for nearly 2/3 of the population, private student loans are going to be a better deal than the Parent Plus Loan. That is why I am wondering why the default advice here is that parent plus loans should always be the first resource after the Stafford Loans.</p>