Latest Student Loan Statistics: Parent PLUS LoansThe latest student loan debt statistics show there are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. There are 3.6 million borrowers who collectively owe $88.9 billion in Parent PLUS Loans. On a percentage basis, the largest increase in student loan debt over the past five years has come from a surprising age group: 60 to 69-year-olds, who have experienced a 71.5% increase in student loan debt. Transfer Parent PLUS Loan To Your ChildThe federal government does not permit parent borrowers to transfer Parent PLUS Loans directly to their children. However, you can "transfer" your Parent PLUS Loan indirectly through Parent PLUS Loan refinancing, which is similar to student loan refinancing.

Source: Forbes May 07, 2019 12:22 UTC