With the cost of college continuing to increase significantly, parents have more frequently turned to the Federal Direct Parent PLUS loan program (PLUS) to help finance their children’s higher education goals. Despite the growing popularity of the program, little is known about the repayment experiences of these borrowers and the impact repayment may have on their other financial decisions, such as retirement. Trellis Company’s report, PLUS Borrowing in Texas: Repayment Expectations, Experience, and Hindsight by Minority-Serving Institution Status, uses Trellis’ administrative database of Federal Family Education Loan Program loans and interviews with parent borrowers to address these issues. Learn about the repayment outcomes of PLUS borrowers, the dynamics between parents and children, and more.
Download the slide deck here.