The holidays are a great time to think about the gift of education. For all the parents who have borrowed on behalf of their children to ensure they had an education, we want to give you a round of applause. Parent PLUS loans can add a layer of financial stress. Senior Student Loan Advisors Lauryn Williams, CFP®, CSLP®, and Meagan McGuire (Landress), CSLP®, dedicate this episode to the 3.4 million borrowers of Parent PLUS loans. Whether you're a parent with Parent PLUS loans or you're a student and your parents have Parent PLUS loans, this episode is for you.

In today's episode, you'll find out:

• How 529 plan contributions make a great holiday gift
• The average Parent PLUS loan balance per borrower
• How double consolidation could have qualified Parent PLUS loans for the PSLF Waiver
• Repayment options for Parent PLUS loans, including PSLF
• Who's responsible for repaying Parent PLUS loans
• Can you transfer the Parent PLUS loan to your child
• What interest rates are usually available for Parent PLUS loans
• Why Parent PLUS loans are best suited for middle-class families
• The application process for Parent PLUS loans
• How a pre-debt consultation can help you avoid painful student loan repayments after graduation
• How community property states treat Parent PLUS loans and why where you live matters for future planning
• When do student loan payments begin for Parent PLUS loans
• When should you start paying off your student loans
• The four different repayment plans available under the income-driven umbrella
• How Parent PLUS loan borrowing works if you have multiple children

Like the show? There are several ways you can help!

• Follow on Apple Podcasts, Spotify or Google Podcasts
• Leave an honest review on Apple Podcasts
• Follow on Facebook, Twitter, or LinkedIn

Feeling helpless when it comes to your student loans?

• Try our free student loan calculator
• Check out our refinancing bonuses we negotiated
• Book your custom student loan plan

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!