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

New research contributes to growing issues of a federal system enabling moms and dads to get loans to simply help finance their children’s undergraduate training.

Roughly 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 year that is last the research 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 % in 2012-13.

A growing percentage of moms and dads are also struggling to cover these loans off.