What Is A Parent Loan Everfi

 EverFi is an educational technology company that offers a variety of online courses and resources aimed at providing learners with essential life skills, including financial literacy. "Parent Loan" is likely a term used within one of EverFi's financial literacy courses, specifically addressing the concept of parent loans in the context of financing higher education.

Parent loans, also known as Parent PLUS loans in the United States, are federal loans available to parents of dependent undergraduate students to help cover the cost of college tuition and other educational expenses. These loans allow parents to borrow money directly from the U.S. Department of Education to supplement their child's financial aid package.

Parent loans typically have fixed interest rates and flexible repayment options. However, it's important for parents to carefully consider the terms and responsibilities associated with parent loans, as they are legally responsible for repaying the borrowed amount plus any accrued interest and fees.

In the context of an EverFi course, "Parent Loan" likely refers to a module or lesson that provides information and guidance on understanding the features, application process, repayment options, and potential consequences of parent loans, as part of a broader curriculum on financial literacy and college planning. These courses aim to empower individuals with the knowledge and skills needed to make informed financial decisions throughout their lives.

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