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Tag Archives: Parent Plus Loan

If a Parent PLUS Loan Borrower Dies Will the Child Have to Pay it Back? – Cathey

Cemetery Caution

“Dear Steve, Young lady’s mom had taken out a parent plus loan, the Mom passed. Does the loan automatically become the debt of the student? The student is of course now being told to pay it. I thought since the parent took it out, the debt died when she died. Is there any help in this situation? What happens with ... Read More »

I Took Out a Parent Plus Loan for My Daughter’s Education I Can’t Pay Now. – Lee

Student Loan Corkboard Concept

“Dear Steve, I am a middle-aged woman who has been ill for over a decade and has not been able to work during that period. In the 90′s I took out Parent Plus Loans for my daughter’s education. I began to make payments on them as they came due until I became ill and lost my job and my house ... Read More »

Even in Death, Student Loans, the Debt That Keeps on Giving

The unfolding tragedy of student loan debt in America took an interesting turn recently with an article published in the Baltimore Sun and then repeated in the ABA Journal. Thanks to a reader that sent in the tip on the article we get a glimpse into reason 198 why you should never cosign for student loans. Roswell Friend attended Temple ... Read More »

I am on disability, owe a lot of money on parent plus loans, what can I do? – Bonny

justball-144x125

I was working full-time when I took out the first parent plus loan in 2000. The consolidated loans payment is $225.00 per month at 4%. I have continued paying on this loan, no deferment yet. I was unemployed, collecting unemployment benefits when I took out the second set of parent plus loans, and now those payments are over $300.00 a ... Read More »

Consolidate Parent Plus Loans – Carol

justball-144x125

“Dear Steve, I have two PLUS loans that I took out for my daughter for her first two years in college. My husband passed away at the end of her first year. I have two other children, who at the time where young enough that I was able to collect Social Security for them. Now that I can not longer ... Read More »

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