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With federal Parent PLUS loans now accounting for one fourth of borrowing for undergraduates, brand brand new data reinforce concern about moms and dads’ power to repay the loans.

With federal Parent PLUS loans now accounting for one fourth of borrowing for undergraduates, brand brand new data reinforce concern about moms and dads’ power to repay the loans.

A brand new study contributes to growing issues of a federal system enabling moms and dads to obtain loans to aid fund their children’s education that is undergraduate.

Approximately 3.6 million moms and dads had applied for $96 billion in outstanding loans beneath the federal Parent PLUS system at the time of belated a year ago, the analysis from Trellis analysis stated. Parent PLUS loans now take into account about one fourth of total lending that is federal undergraduates, a share that expanded from 14 per cent in 2012-13.