As you all know, I am in college and have about $4,400 in credit card debt. My student loan paper work came in and they said I have an option of getting a P.L.U.S. for $6,000 or so @ 6%. My credit APRs range from 15% to 28% so I was wondering if anyone has any type of experience with this loan... if my schools bursar just rights me a check for $6,000 or what... but I'm really interested in this. I think also the loan period is like 120 months and doesn't start until I get out of college, but I'd start paying on it now.
A PLUS loan is available to your parents. Therefore, they have to sign the paperwork for that particular loan, and they are responsible for paying it back.
