The Student Loan Debt Forum | The College Investor

Student Loans => For Parents => Topic started by: Cebu on June 22, 2020, 10:45:10 pm

Title: retired with student loans
Post by: Cebu on June 22, 2020, 10:45:10 pm
I am 68 years old, retired.  Living overseas with no car, no car insurance, etc.  Keeping expenses  low. I have $170K in consolidated Parent Plus loans.  I make my regular student loan payments. When I return to the US next year (health issues) I will be 69, my only debt will be the student loans, with $830 monthly ICR based payment.  I do not own a home, car, jewelry, etc.  Nothing of monetary value. Based on my research, my only options appear to be continuing with $830/month payments, or default and let the government take the 15% of social security, $270.  Are there other viable alternatives?
Title: Re: retired with student loans
Post by: TheCollegeInvestor on June 22, 2020, 11:17:21 pm
Those are your basic options, unless you want to work with your children to help you as well. See this: Options for Parent PLUS loans (https://thecollegeinvestor.com/17101/options-if-you-cant-afford-your-parent-plus-loans/).