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Started By
Message
re: Student Loans
Posted on 4/23/24 at 5:18 pm to anc
Posted on 4/23/24 at 5:18 pm to anc
quote:
Ive seen parents take out PLUS loans for the hell of it
I'm pretty sure my parents took one out and spent a portion of the distribution on a car downpayment. I had most if not all of my tuition and direct expenses through school covered by scholarships I earned. I was told about this decades later.
1
Posted on 4/23/24 at 7:19 pm to TorchtheFlyingTiger
Yep. Not saying your parents were in this situation, but it’s generally the cheapest no collateral loan one can get.
It’s an issue in low income communities. PLUS loans are no credit check loans at a decent rate for people who wouldn’t qualify otherwise.
It’s an issue in low income communities. PLUS loans are no credit check loans at a decent rate for people who wouldn’t qualify otherwise.
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