How to get a Federal Parent PLUS Loan with bad credit

Parents of dependent undergraduate students can apply for a Federal Direct PLUS Loan to help cover the family’s share of college costs, beyond the financial aid package. Before applying for a Parent PLUS loan, it is important to understand how your credit history affects loan eligibility. Even if you do have bad credit, that does not mean you are automatically ineligible or unable to change that status.

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How to Earn Extra Money to Repay Student Loans

Making extra payments can save interest on your student loans. While you could cut your budget or tighten up your spending, it is not the only option for freeing up extra money to pay back student loans. If you do not want to cancel your Netflix subscription, consider increasing your income instead.

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The Goldilocks Student Loan: When College Debt Is Just Right

While mom and dad are worried about getting enough money for their kids’ college education, there’s another potential problem that flies under the college financing radar – borrowing more student loan money than you actually need and incurring larger financing costs as a result.

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State tax incentives for employer 529 plan matching

States encourage residents to save for college by offering state income tax breaks, matching grants and scholarships for families who use 529 plans. Some states also drive 529 plan participation through employers by offering a tax incentive for contributions to employee 529 plans.

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IRS Tax Return Transcripts

Applicants who file the Free Application for Federal Student Aid (FAFSA) and are unable to use the IRS Data Retrieval Tool may need to obtain an IRS Tax Return Transcript if their FAFSA is selected for verification.

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