Taking out a Parent PLUS loan for your child is a great way to get them started in the world. But if your child is a well-established adult with a steady income now, it may be time to pass the loan off to them—and a lot of parents make that decision.
The difficulty is that the federal government doesn't let you transfer the loan to your child's name, and it can be a challenge finding a lender who will do it. CommonBond is one of the few who make it possible.
If you live in Delaware, you’re eligible for all the student loan forgiveness programs available on a national level. But you could also qualify for a generous student loan forgiveness option, just for Delaware residents who work in medical or mental health fields. Here’s some more info on what this program is and how you qualify.
Connecticut is one of a handful of states that has no student loan forgiveness programs specific to state residents. All isn’t lost, though. Connecticut residents qualify for all the non-state-specific student loan forgiveness programs available elsewhere in the country. Here’s an overview.
If you have a bigger credit card balance than you’d like, you’re in good company. The average US household has a credit card balance of about $16,061.
Combine that with student loans—which approximately 44.2 million Americans have—and the picture becomes clear. You, your neighbors, and most of the people you know are probably swimming in debt. So how can you swim out?
Disclaimer: The information obtained throughout the Comet site is intended to be used for educational purposes only. All product names, logos, and other trademarks displayed within the Comet site are the property of their respective owners. Here at Comet we strive to provide you with accurate, up-to-date information, but suggest checking the source directly. We recommend consulting a licensed financial professional before making any financial decisions. This site may be compensated through our partner relationships. CometFi.com is not endorsed or affiliated with the U.S. Department of Education.