My New Son-In-Law Has Loads of Parent Plus Student Loans He Can’t Afford


Dear Steve,

I am a mother of 3 girls. They do have student loan debt but are in the process of setting up payments for that debt. My oldest daughter has just gotten married to a guy and he has around 200,000 in student loan debt through parent plus loans and about 20,000 in debt from his own student loan debt.

My question is the payment for the parent plus loans is around $1,500 per month and they are struggling to afford that payment. I know they cannot consolidate into their names, but is it worth trying to get their payments lowered? Do they have any options? Does consolidation of the loans help in any way?

Are there any companies that you recommend for consolidation? They are currently with FedLoan.

I really appreciate your email and wealth of information you have provided to others and I thank you in advance for your help to me.



Dear Lisa,

I don’t know how old your son-in-law is and it’s not safe for me to assume this $200,000 in Parent Plus loans was for his education or he took this out for his children’s education.

If you can update me in the comments below I can guide you in the right direction.

And yes, the best company to consolidate federal student loans with is the Department of Education. They don’t charge to do it and you still retain your repayment flexibility.


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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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6 thoughts on “My New Son-In-Law Has Loads of Parent Plus Student Loans He Can’t Afford”

  1. My new son-in-law is 25. The loans were all his for his education. They also need to get a new car. They are just needing a little guidance and I am not sure how to help them. I really appreciate your help.


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