By Paul Schmitt
With students heading off to college in the next few weeks, Gay Pustaver from Money Management Counselors is offering some basic information about student loan debt and parent PLUS loan. Making decisions on financing college can be a stressful and confusing time for all concerned, according to Pustaver. She says Money Management Counselors can help weigh through the pros and cons of financial aid packages.
Pustaver says direct loans can be federally guaranteed and be subsidized or unsubsidized. Parent PLUS loans are under the parent’s name to help pay for their child’s education with payments immediately starting at the time they are taken out. You can listen to the entire Money Management Counselors interview with Gay Pustaver below.