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Three College Loans For Parents
Sending your kids off to college can be an entire journey in itself. However, it can also be an expensive one. With the growing economy, so are all the other expenditures and college tuition fee is no exception for this. The fee for college is going so abnormally high that student loans and parent loans for college fee payment have become extremely normal. The percentage of parent federal PLUS loan borrowers has grown to become a staggering 385% between 1989-90 and 2011-12, which started from a mere 4.1% of all the federal student loan borrowers to 19.9% as per a report. However, it is important that when you apply for a college loan for parents you make your plan properly so that it doesn’t interfere with the plans of your retirement and in a way that you can receive maximum benefits. Analyze parent student loan rates properly before making the final decision. Here are some of the options you can refer to:
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