• Welcome to The Student Loan Debt Forum | The College Investor. Please login or sign up.

Parent Plus Repayment Advice and Help

Started by topfuels, July 29, 2016, 10:59:25 am

Previous topic - Next topic


I have over 200k in parent plus loans at 3 different government lenders.
1.  I am 59, what is the best forgiveness plan in general?
2.  Do I have to consolidate all 3 to factor the income based repayment plans?  I'm not sure how that works...I understand the 10/15% of AGI and all that, but what if you have 3 loans?

Thank you for a wonderful web site of help!


Parent PLUS Loans are the worst. Basically, there are no good forgiveness options. There is a backdoor with consolidating your PLUS loans and applying for ICR (Income-Contingent Repayment), and you'd be eligible for forgiveness after potentially 25 years.

You can read more on the options here: https://thecollegeinvestor.com/17101/options-if-you-cant-afford-your-parent-plus-loans/