Sep
9
9
mark7 asked:
i know for parent plus loans your parents have to sign, but i have stafford loans and i can remember my parents signing something i think. i checked with the records and i do have Stafford loans, so why did my parents sign off on it, or maybe im getting confused with another form…????
no, i called the dep of education and they said all my loans are stafford, so im wondering why did my parents sign something when i first applied for the loan
Related Blogs
- Related Blogs on Education
- Vocational Education and The Good
- Obama Appeals to Moderates With Education Reform Proposals
- Getting Grief From the Public and Staff? Beg for Positive Feedback.
Tags: Education, Parent Loans, Parent Plus Loans, Parents, Stafford Loans
September 11th, 2008 at 10:12 pm
If your parents did the plus loan then they signed a MPN(Master Promissary Note) which is the agreement to the loan. That would be done totally seperate from the paper work that you would’ve done for your stafford loan….If you have just staffords then you may be thinking of the forms they filled out for your FAFSA or something else because the staffords are only under the student.
September 12th, 2008 at 10:15 am
You probably remember your parents signing your FAFSA application. This is to certify that their information on the application (income, assets, ssn’s) were correct… not that they were going to pay any loan money back.
Stafford loans are in your name and you are responsible for paying them back. If you want to have your parents take out loans (in their name) ask for PLUS loans…. these are in their name and you are not responsible to repay them…. your parents are.
September 13th, 2008 at 5:38 am
To get Stafford loans, the only application you fill out is the FAFSA. So, this has to be what they “signed” concerning your Stafford loans. Of course, they also signed the parent plus as well.
Add A Comment