Parent PLUS loans serve as a critical financial tool for families looking to bridge the gap between the cost of higher education and available financial aid. These federal loans, issued by the U.S. Department of Education, allow parents to borrow on behalf of their children to cover tuition, fees, and other educational expenses. However, they come with higher interest rates than Direct Subsidized and Unsubsidized Loans, making repayment a challenge for many families. Unlike student loans that offer more flexible repayment and forgiveness options, Parent PLUS loans can burden parents with high monthly payments, sometimes well into retirement. Understanding the nuances of these loans is essential for borrowers to make informed financial decisions and explore effective debt management strategies.