Parent PLUS Loans

Strategies, repayment options, forgiveness rules, consolidation, IBR eligibility, and legal options for Parent PLUS borrowers.

Parent PLUS Loans: Every Option From Repayment to Forgiveness, Bankruptcy and Discharge

If you borrowed Parent PLUS loans to help your child go to college and the payments have now become overwhelming, do not assume that your only option is to keep paying whatever amount your loan servicer tells you is due. Parent PLUS loans are among the most misunderstood federal student loans. Parents frequently come to me with the same concerns: “The payment is more than I can afford.” “I'm getting ready to retire. What happens then?” “My child works for a nonprofit. Can the

Anthony Perano

15 min read