norma browne

I agree with you Missy, however, because of that facet I encourage parents to read their prom note to ensure they are informed.

Sandra Gonzalez

This is a great question. I too wonder why it is that parents are not required to complete entrance counseling for PLUS loans. But also agree with Norma in encouraging the parent to read and review their promissory note.

JULIE ARAUJO

I agree with Missy's Statement. I think it is best to, at a minimum, encourage Parents to read the MPN.

Andrea Reich

I too encourage that parents read the MPN and keep it for reference. I also provided them with printed materials from DOE/FedAid such as the ParentPLUS specific pamphlet. This way they have a quick reference in an attractive format as opposed the overwhelming small black print of the MPN.

Amanda Gentry

I had the same question. Many of my students are first time graduates in their family. So their parents have never had the experience of applying for student aid. A lot of parents are just filling out the fafsa just bc the child told them that it had to be done so they could go to school. I want to set my students of for success. So how can we educate the parents more so the child doesn't run into problems if the parent doesn't fulfill their responsibilities?

Traci Lee

Amanda - schools could opt to provide the same loan counseling to parents, it just isn't required by the Dept of Education. I agree with you - the more information to borrowers, the better.

Johnnisha White

Does anyone know the rate/percentage of parent plus loan defaults? I am interested in knowing what it is since parents are not required to complete any type of loan counseling.

Thanks!

Traci Lee

Johnnisha ,
I have not found a reference that shows this information. Since these loans do have different qualifying criteria than student borrower loans, I suspect the repayment is better but I still agree with comments on the value of loan counseling.