Home > Tag Archives: Parent Plus Loan

Tag Archives: Parent Plus Loan

My Husband Got the Parent Plus Loan from His Ex-Wife in the Divorce

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Question: Dear Steve, I have been married to my husband for about 2 yrs now. He has been stuck with a parent loan out of his divorce. The total is 170,000.00 His ex wife signed all the documents and he was aware of some of the debt but not to this amount. Can we attempt to make her (ex wife)or ... Read More »

    Will the Government Come for My Social Security Over My Parent Plus Loan?

    Businesswoman does the questions

    Question: Dear Steve, As a single parent I was relieved to obtain a Parent Plus Loan, of which was far beyond my financial capacity. Now I look back on my single parent guilt, not realizing the predatory nature of this loan. What is the latest status on garnishment of Social Security for Parent Plus Loans? Is there any new legislation? ... Read More »

      Which of Us is Responsible for the Parent PLUS Loans?

      Adult Ed - Questions

      Question: Dear Steve, My ex and I have several Parent Plus loans for education for our son and now that we are divorced are both parties responsible for the total combined debt or each responsible for only the ones in our respective names? There is no mention of the student loans in the divorce settlement. Jeff Answer: Dear Jeff, The ... Read More »

        Can We Take Over the Parent Plus Loan from Mom?

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        Question: Dear Steve, My wife and I are both active duty military. All of my college was paid for using the GI Bill and Tuition Assistance. Unfortunately, my wife did not join the military until her second year of college so she had to get a loan to pay for her out of state tuition. She took the loans out ... Read More »

          My Step-Son Killed His Father and His Mom Cosigned His Student Loans

          mans hands behind bars in jail or prison

          Question: Dear Steve, Step-son that is SSI disabled for 3+ years with Mental Illness, Maternal Mother, My wife, co-signed student loans for him. He is now in Jail for murdering his paternal father and will end up in jail or an institution for the rest of his life. My step-son’s never paid any of his loan payments only my wife. ... Read More »

            My Mother Demands Parent PLUS Loan Payments But Will Not Share

            Frustrated

            Question: Dear Steve, Back in 2010 my mother submitted for Parent PLUS loans for my sister and I. Half the amount for my sisters education, half for mine. Right now we are in the repayment process. Both my sister and I did not finish our education and stopped when we realized the amount of the loans. So we do not ... Read More »

              Account Control Technology Didn’t Lower My Parent Plus Loan Balance

              Problem Solving Series

              Question: Dear Steve, Took out a Parents Plus Loan for my oldest child’s college. Right about the time payments were due had to defer them due to economy. Unable to find secure employment. Had to go on state assistance (embarrassed) have 3 minor children at home. ACT (account control technology) offered me another way. Sounded good to me being very ... Read More »

                The Government Did a Bank Levy for My Mother-In-Laws Parent Plus Loan

                The actual granular data presents a surprising reality.

                Question: Dear Steve, Thirteen years ago my mother in law took out a Parent Plus loan via Wells Fargo for my wife to go to college around age 19. Last year she stopped making payments due to situations we are unaware of. A representative from WF called and left my wife a voicemail last week about debt collection and with ... Read More »

                  Why Can’t I Put My Parent PLUS Loan in an Income Based Repayment Program?

                  checking-account-overdraft-fees

                  Question: Dear Steve, I have significant student loan debt and applied for IBR and was denied, due to there being a PLUS (parent) loan in my record. I did not participate in anyway in the creation of any PLUS loan. My suspicion is that it was created fraudulently using my identifying information from when I co-signed on a loan for ... Read More »

                    How Can I Payoff Massive Parent PLUS Loans My Mom Can’t Afford?

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                    Dear Steve, My situation is similar to those asking about student loans and repayment. My Mom had to take out parent plus loans under her name to help me with school. We both understand the responsibilities we have. However, she can barely afford to pay for her rent and food on the money she makes. Therefore, I’m the one making ... Read More »

                      My Husband Ran Off With Another Woman and Left Me in Student Loan Debt

                      Pow! - Comic Speech Bubble, Cartoon

                      “Dear Steve, My husband took off with another woman. Our house is now in foreclosure and our daughter had to quit college because my ex messed up loan application paperwork. We took out Student Plus loans done in my name because he was overseas when the paperwork needed to be signed, but part of the divorce settlement stated HE WAS ... Read More »

                        I Don’t Want to Pay My Parent PLUS Loan Anymore

                        Winter Latice and Pergola

                        “Dear Steve, I helped my daughter with a parent plus loan for her last semester which was $6000.00 and I have been paying on it for quite some time. Then she went back her second year and she filled out a 2nd parent plus loan so her payments was 50.00 per month she quit paying now for the past 4 ... Read More »

                          My Father Stole My Student Loan Money

                          stressed man

                          “Dear Steve, My Dad took out a PLUS loan for me because I had reached the maximum loan allowance from my college as a “dependent” student, even though my parents did not support me in any way. He chose the maximum loan amount $18k (YIKES) and ended up using $3k to lease a new fancy car that he couldn’t afford. ... Read More »

                            They Tell Me My Parent PLUS Loans Are Not Eligible for Help

                            Drowning swimmer

                            “Dear Steve, My children were living with me when they filled out their FAFSA forms. I ended up with over $20,000 in Plus parent loans as a result even though my only income at the time was child support. Can parent student loans (PLUS loans) be either transferred to the now adult children or be discharged in bankruptcy? Being parent ... Read More »

                              When I Retire Will My Social Security Be Reduced Because of Student Loans?

                              calculator

                              “Dear Steve, I took out Parent Plus loans for both of my children while they were in school. Each of them also have unsubsidized student loans which they are paying off. Once both children were out of college, I consolidated the Parent Plus loans into one and have been paying them regularly for the past 10 years. I am 63 ... Read More »

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