Planning to borrow to fund your kid's college? A $100K Parent PLUS loan payment could soon surge to $770/month

Research from MarketWatch also shows that Black and Hispanic families struggle disproportionately with this debt. Furthermore, 25% of Parent PLUS borrowers are over 60 years old, and these debt repayments can cut into their ability to save for retirement at a critical time in their lives.Analysis shows that Parent PLUS borrowers who have children that also receive Pell Grants are consistently slower at repaying their loans. In fact, many of these borrowers wind up owing more than the original balance 10 yea ...