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Student Loan Alternatives for Parents

LendKey

In College Planning & Financial Aid GeneralLendKey

Student Loan Alternatives for Parents Student loans for parents often come in two forms: private student loans taken out by parents on behalf of a student, or Parent PLUS Loans, a federal student loan that is available to some parents. However, no matter which kinds of parent-student loans you are considering to use to help pay for your child’s education, they are still all loans. Both private student loans and Parent PLUS Loans require a credit check, so if your credit score does not pass or you’re simply not in a good position to take on debt, your application could …

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How to Save for College — Types of College Savings Accounts

LendKey

In College Planning & Financial Aid GeneralLendKey

If you’re a parent who is trying to save money for your child’s college education, then you’ve probably heard about college savings accounts. A college savings account is an account that you can deposit money into to be drawn on later when it’s time to pay for tuition, textbooks, housing, or any of the other eligible expenses that come with higher education. However, even a brief look at college savings accounts will tell you that there are many different types out there, each with their own unique twist. Let’s take a look at the types of college savings accounts available …