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Over our heads

Started by Stressed, May 03, 2018, 12:27:58 pm

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Our kids just graduated college. We have over $180k in Parent Plus loan debt for undergrad schools.  One child is in med school and will be taking care of that expense when finished.  Any advice on best way to proceed with this so it doesn't take us a lifetime?


Sadly, Parent PLUS Loans have the fewest options. I suggest working with your children to support repaying the loans, even though they are in your name.  Refinancing is also a solution to lower your payment and/or interest rate.

Here are the full list of options that might work for you: https://thecollegeinvestor.com/17101/options-if-you-cant-afford-your-parent-plus-loans/


What do I do about my ICR repayment plan when receiving base pay plus commission. My income fluctuations hand is never guaranteed except for my base pay. Do I get a letter from my employer to provide my guaranteed pay


No, you use your income-tax return every year.