SavingForCollege
  • 529 plans
    • Your state's planBest 529 Plans of 2020Compare 529 plansComplete Guide to 529 PlansEnroll in a 529 planTop 10 performance rankings5-Cap Ratings529 Plan Investment Options529 fee study529 ABLE accountsFind a 529 ProNewsletters529 news
  • College Savings 101
    • What is a 529 plan?529 plans and K-12Articles529 tutorialQ&A WebcastsMessage boardCoverdell ESACompare savings optionsFor grandparentsResourcesExpert Q&ALegislative Corner
  • Tools & calculators
    • College Savings Calculator529 Savings Calculator for Private K-12 TuitionFinancial Aid CalculatorIs your institution 529 eligible?529 Savings vs. Loans CalculatorLicensing Info
  • Student Loans
    • Best Private Student LoansLoan CalculatorLoan Comparison CalculatorRefinance Student LoansLoan Refinancing CalculatorStudent Loan Prepayment CalculatorCost of Deferment CalculatorIncome-Based CalculatorIncome-Contingent Repayment CalculatorPay As You Earn Repayment CalculatorRevised Pay As You Earn Repayment CalculatorFinancial aidScholarshipsScholarship Tax CalculatorGet College ReadyFinancial Aid CalculatorTrust Fund Calculator
  • For Professionals
    • Pro DashboardPro 529 EvaluatorState tax 529 calculatorThe Price of Procrastination CalculatorFamily College Savings Road MapSavings & Borrowing Funding Tool529 Superfunding CalculatorUGMA/UTMA 529 Conversion CalculatorProfessional articles529 performance rankingsPortfolio fee & performance lookupPractice building resourcesSubscribe
  • Savings Center

Who are you saving for?

Knowing this helps us better customize your experience

Yes
No
I’m not sure

Knowing this helps us better customize your experience and offer better recommendations


NEXT

Knowing this helps us better customize your experience

My child(ren)
My grandchild(ren)
My Client
Other

Already have a Savingforcollege.com account?Log In

Knowing this helps us better customize your experience and offer better recommendations

Sorry, child information is required.
My child
is
NEXT

Knowing this helps us better customize your experience and offer better recommendations

Please select an option

LEARN

I want to learn more about college savings

OPEN A PLAN

I'm ready to open a 529 plan


TRACK

I want to connect and monitor my 529 plan

Soon
GROW

I want to accelerate my 529 plan savings


NEXT
I want to learn more about college savings
I'm ready to open a 529 plan
I want to connect and monitor my 529 plan
I want to accelerate my 529 plan savings

Already have a Savingforcollege.com account?Log In

SIGN UP WITH GOOGLE
OR USE YOUR EMAIL
Your information will not be shared
Show

Get FREE access to:

  • Track your child’s 529 plan growth and performance

  • Notifications to help you better manage your child’s 529 plan

  • Tips on how to accelerate the growth of your child’s 529 plan

CONTINUE WITH EMAIL
LOG IN WITH GOOGLE
OR USE YOUR EMAIL
Show
Forgot your password?
LOG IN

Enter your email address to begin the reset password process.

Once entered, we will send a reset link to the email address you specified. If you use a mail filtering tool make sure you allow email from support@savingforcollege.com prior to submitting the request.


RESET MY PASSWORD
Close
CLOSE

Who are you saving for?

Knowing this helps us better customize your experience

Yes
No
I’m not sure

Knowing this helps us better customize your experience and offer better recommendations


NEXT

Knowing this helps us better customize your experience

My child(ren)
My grandchild(ren)
My Client
Other

Already have a Savingforcollege.com account?Log In

Knowing this helps us better customize your experience and offer better recommendations

Sorry, child information is required.
My child
is
NEXT

Knowing this helps us better customize your experience and offer better recommendations

Please select an option

LEARN

I want to learn more about college savings

OPEN A PLAN

I'm ready to open a 529 plan


TRACK

I want to connect and monitor my 529 plan

Soon
GROW

I want to accelerate my 529 plan savings


NEXT
I want to learn more about college savings
I'm ready to open a 529 plan
I want to connect and monitor my 529 plan
I want to accelerate my 529 plan savings

Already have a Savingforcollege.com account?Log In

SIGN UP WITH GOOGLE
OR USE YOUR EMAIL
Your information will not be shared
Show

Get FREE access to:

  • Track your child’s 529 plan growth and performance

  • Notifications to help you better manage your child’s 529 plan

  • Tips on how to accelerate the growth of your child’s 529 plan

CONTINUE WITH EMAIL
LOG IN WITH GOOGLE
OR USE YOUR EMAIL
Show
Forgot your password?
LOG IN

Enter your email address to begin the reset password process.

Once entered, we will send a reset link to the email address you specified. If you use a mail filtering tool make sure you allow email from support@savingforcollege.com prior to submitting the request.


RESET MY PASSWORD
Log In

Enter your e-mail address and password to login. For security, we track login attempts.

Forgot your Password?

Don't have an account? Sign Up

Reset Password

Enter your e-mail address to begin the reset password process.

Once entered, we will send a key to the e-mail address you specified. If you use a mail filtering tool make sure you allow email from support@savingforcollege.com prior to submitting the request.



Nevermind. Go Back

Home > Authors > Author details
Paul Sisolak

Paul Sisolak

Contributor

Paul Sisolak is a freelance journalist and writer whose personal finance articles on saving money, getting out of debt, improving credit and a host of other topics have appeared in the Huffington Post, U.S. News & World Report, Student Loan Hero, Chime Bank, and the Nasdaq blog, among others. A Tri-state area native, Paul lived in Los Angeles for a number of years, and now calls Miami home.

Pitfalls of Parent Loans

After a student reaches the federal student loan limits, parents can borrow to help their children pay for college through Federal Parent PLUS loans, private parent loans and by cosigning private student loans. These borrowing options, however, come with several potential pitfalls.

What Are the Tradeoffs of Federal and Private Loans for Parents?

When it comes to financing college costs, it’s important to find the right loan. After the student has exhausted the Federal Direct Stafford loan limits, there are several borrowing options available to parents, including Federal Parent PLUS Loans, private student loans and private parent loans. What are the pros and cons of these loans?

What happens to student and parent loans if the borrower dies?

Having a hefty student loan balance can make you feel like you might be paying off that debt for the rest of your life. But, what would happen if you die before your loans are paid off?

  • 529 plans
  • College Savings 101
  • Tools & calculators
  • Student Loans
  • For Professionals
  • Community
  • About us
  • Privacy
  • Careers
  • Contact us
  • For the media
  • Advertise
  • Sitemap

Helping families save for college since 1999

Savingforcollege.com is an unbiased, independent resource for parents and financial professionals, providing them with information and tools to understand the benefits of 529 college savings plans and how to meet the challenge of increasing college costs.

Join our email list

The latest articles and tips to help parents stay on track with saving and paying for college, delivered to your inbox every week.

Sign Up

Frequently featured in

Featured in Press
Copyright © 2020 Saving for College, LLC. All Rights Reserved
444 Brickell Avenue, Suite 820 Miami, FL 33131

Phone: (585) 286-5426

Twitter|Facebook
SFC