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Student Loan Alternatives for Parents

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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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Should You Invest More into a Post-Graduate Education?

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In College Planning & Financial Aid Getting a Student LoanLendKey

With the cost of education on the rise, every college student has to make some important financial decisions. Not only do you want to seek out scholarships to ease the financial burden, but you also need to decide how much debt you can handle for tuition and student living. Some students take a slower path to work their way through school. Some rush ahead to a high-paying job at the end that will ultimately make debt repayment faster. And these financial decisions are doubly important when it comes to graduate school. If you’ve recently graduated or will graduate soon, no …

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Paying Off Your Student Loans and Funding Your Child’s Education

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In College Planning & Financial Aid FeaturedLendKey

As a parent, you may not have taken a traditional path to education. You may have chosen to go back and get a new degree later in life, or you might not have started school until after your children were born. In some cases, you may simply still be paying off your student loans as your children prepare for college. You want to help your child pay for their education, but at the same time, you need to get your own student loans paid off. How can you both pay off your own student loans and pay for your child’s …

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Parent PLUS Loans and Other Student Loans for Parents

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In College Planning & Financial Aid Getting a Student LoanLendKey

One of the biggest things on your mind as a parent is probably supporting your child through college. A potential way to do this is by using college savings accounts to save money for tuition, textbooks, and other education-related expenses. However, savings accounts are only useful if you have time to plan ahead for your child’s college education, and enough disposable income that you can comfortably set aside money month-over-month. Fortunately, there are other ways to help your child pay for college: student loans for parents. Usually, when we think of student loans, we think about all the debt being …

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How to Save for College — Types of College Savings Accounts

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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 …

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How Much Should Parents Save for College?

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In College Planning & Financial AidLendKey

As a parent, you want to ensure that your children will have the best future that they possibly can. That means setting them up for success and making sure that they’re able to go to college and graduate without worrying about the finances behind it. Unfortunately, college costs a lot of money. It’s no longer feasible for someone to pay for college through a part-time job while taking on extra hours during the summer. Saving for college before your child has even graduated high school is one way to make sure that they have all the money that they need …