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Parents planning to borrow for a student's college expenses have two main options: parent PLUS loans, which are federal loans issued to parents, and private loans offered by online lenders and banks.

Sophie Venz is a former Deputy Editor at Forbes Advisor. She is an experienced editor and features reporter, and has previously worked in the small business and start-up reporting space. Previously ...

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Mike Cetera is the editor in chief of Forbes Advisor. He has written and edited articles about consumer finance for more than a decade. Prior to joining Marketplace, his work appeared on Bankrate, The ...