You wanted to support your child by paying a big part of the cost of their undergraduate education. After all, the Stafford loan limits only allowed your son or daughter to take out a midfour figure amount every year. The aid office sold Parent PLUS as a source of loans from the federal government that would cover all of the cost of attendance. Maybe you haven’t thought about how you would pay off Parent PLUS loans until recently.

Unfortunately, I’ve seen plenty of families where the parent owes a huge sum of Parent Plus loans and it’s interfering with their retirement goals. If you have to pay off Parent PLUS loans after funding your child’s education, the good news is you have more options to pay them back than you think. I’ll highlight the four best strategies I’ve seen to get parents out of Parent Plus student loan debt.

I’ll highlight the four best strategies I’ve seen to get parents out of Parent Plus student loan debt. The strategies are:

Using PSLF For Parent PLUS Loans
Refinancing Parent Plus Loans into Your Name Only
Refinancing Parent Plus Loans into Your Child’s Name Only
Going For Parent Plus Loan Forgiveness as a Retiree

If You Have No Retirement Income Except Social Security, Your Student Loan Payment is Probably $0

If we were just talking about a single parent living on one social security paycheck alone, then it’s very likely the payment would have been 0.

Blog post with more info on this topic: https://www.studentloanplanner.com/pa...

More about Student Loan Planner

→ We are the country's top experts in figuring out exactly what to do with monster student loan debt. If you owe $50,000 to $1 million in student loans, we can help you in one of two ways.

We create a custom student loan plan made just for you that details the path to debt freedom.
We connect you with private lenders that will refinance your loans at a lower interest rate. You'll also get a cash back bonus.

→ Subscribe to our channel:    / studentloanplanner  

Schedule a consult

→ http://studentloanplanner.com/help



Refinance your student loans, get more cash back

→ https://www.studentloanplanner.com/refi



The student loan calculator that saves you time and money

→ https://www.studentloanplanner.com/fr...



Follow Student Loan Planner

→ Instagram (  / studentloanplanner  )
→ Facebook (  / studentloanplan  )
→ Twitter (  / studentloantrav  )
→ LinkedIn (  / studentloanplanner  )
→ Podcast (https://www.studentloanplanner.com/ca...)


Contact us

→ [email protected]