News: Welcome to the Beta launch of the Student Loan Debt Forum on The College Investor.

  • May 23, 2018, 11:52:16 AM

Login with username, password and session length


Author Topic: Over our heads  (Read 121 times)

Stressed

  • Newbie
  • *
  • Posts: 1
    • View Profile
Over our heads
« on: May 03, 2018, 12:27:58 PM »
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?

TheCollegeInvestor

  • Founder
  • Administrator
  • Sr. Member
  • *****
  • Posts: 409
    • View Profile
    • The College Investor
Re: Over our heads
« Reply #1 on: May 03, 2018, 11:42:54 PM »
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/