Ask The Get Out of Debt Experts Reader Questions Student Loan Related Student Loans

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

Written by Consumer

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 month at 8.5%. I have been in deferment since September 2010 when my long-term unemployment benefits ran out. The interest is added up at the end of each time of deferment.

I am married, however, it was my income that was used for the parent plus loans.

My disability assessment from social security administration law judge hearing is not considered enough evidence to a physician to sign the discharge form for both sets of parent plus loans. I have requested help from Congress, Department of Education, Sallie Mae, to have the interest rate reduced, interest dropped, and everyone says no.

I’m not able to work more than part-time due to the effects of the disability. I’m up front about my disability in interviews, when I am fortunate enough to be selected.

My disability check is $600.00, $116.00 is automatically taken out each month for medicare insurance. I am married, so I do not qualify for any further assistance as far as I know.

What suggestions, if any, are available to me? I signed the loans alone. I have been told when I die, they will continue to try to obtain funds, and that is the other scary part for me.

Thank you for helping me.


See also  Everest Institute Did Not Help Me Get a Job in Medical Billing and Coding. - Ashley

About the author


This is information that was submitted by a third party and not generated by or Steve Rhode.

Leave a Comment

Scroll to Top