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It's also deceptive to downplay the situation by only looking at the debt in students' names. Many parents take out loans on behalf of their children. E.g. Pare
by lazypenguin 9y ago
It's also deceptive to downplay the situation by only looking at the debt in students' names. Many parents take out loans on behalf of their children. E.g. Parent Plus Loans: https://en.wikipedia.org/wiki/PLUS_Loan https://en.wikipedia.org/wiki/PLUS_Loan
- kpwagner 9y agoWell over half of my student loan balance is in parent loans. I pay my parents monthly to pay for the loan payment. My younger two siblings are oblivious to what kind of debt they have. Now, my parents are a few years away from retirement--at least they hope--and they will be burdened with paying my siblings student loan debt on a fixed income.