For a Parent PLUS Loan, who is ultimately responsible for repaying the loan?

A The student for whom the loan was taken out.

B The parent borrower who applied for the loan.

C The college or university attending.

D The U.S. Department of Education.

✓ Correct Answer: Option B

Parent PLUS Loans are federal loans made to parents of dependent undergraduate students. The parent borrower is solely responsible for repayment, not the student.

💡 Why is B) the correct answer?

The correct answer to the question "For a Parent PLUS Loan, who is ultimately responsible for repaying the loan?" is Option B: The parent borrower who applied for the loan..

The other options — A) The student for whom the loan was taken out., C) The college or university attending., D) The U.S. Department of Education. — are incorrect for this College Advising question. As explained above: Parent PLUS Loans are federal loans made to parents of dependent undergraduate students. The parent borrower is solely responsible for repayment, not the student.

📚 About This College Advising Practice Question

This 2-level College Advising question from the Financial Aid & Scholarships topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free College Advising practice test or use flashcards for spaced repetition review.

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For a Parent PLUS Loan, who is ultimately responsible for repaying the loan?

✓ Correct Answer: Option B

📚 About This College Advising Practice Question

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