Should I pay back the extra money from the loan right away to lower the principal or would it go towards the interest? Or should I just keep it in the bank let it accrue and use it towards payment once payments are due(which is in 4yrs)?
if my parents refinance their parent plus loan into my name, and I work for a nonprofit for 10 years, would those loans be eligible for the federal loan forgiveness?
![Your Parent PLUS Loan Questions ANSWERED [Jan 2025 deadline]](http://i.ytimg.com/vi/pxU56wracBE/mqdefault.jpg)
Thank you for informing us of the options for the Parent Plus Loans. This is helpful.
Should I pay back the extra money from the loan right away to lower the principal or would it go towards the interest? Or should I just keep it in the bank let it accrue and use it towards payment once payments are due(which is in 4yrs)?
I work in a school but I am not a teacher is that good enough for PSLF?
Yes, it should.
if my parents refinance their parent plus loan into my name, and I work for a nonprofit for 10 years, would those loans be eligible for the federal loan forgiveness?
No
@@StudentLoanPlanner why not?
@@anthonydohman9918 because when you refinance it, it becomes a private loans, and private loans don't have PSLF
Can the Parent legally force to refinance the PPL into the child's name??
Can the Parent "sue" the child for not agreeing to pay back or refinance?
This blog post may be helpful for you: www.studentloanplanner.com/how-to-transfer-and-refinance-parent-plus-loans-to-your-child/
If you transfer it, it will change to a private loan.
Dude - do something with your eyebrows..
dude do something with your parent plus loans