Advice on a loan
First and foremost I'm extremely proud to say that my daughter was accepted and will be attending in August.
That being said after all her scholarships and grants she needs $35,000 per year. I was trying to avoid taking a loan out in my name due to a bankruptcy after divorcing her mother 5½ years ago.
I spoke to financial aid and was told that I should take out a parent plus loan and the young lady that helped me explain to me that it's now capped at $20,000 a year and a lifetime max of $65,000 a year. I'm not sure which private companies to apply for the remaining $15,000 OR total $35,000. I would love to not have anything in my name because I don't want to adversely affect her.
I'd appreciate any advice would be greatly appreciated. Thank you.
Posted May 13, 2026, 8:00 PM UTC