Is Parent Plus Loans consolidation mandatory
Hello I am retired 66 yr old collecting Social Security. No additional income. I currently have $8K remaining on a single parent plus loan currently at 3.4%. Monthly payment approximately $135.00. Do I need to refinance this before July 1, 2026. Will this actually result in a lower monthly payment? Thank you
Terry Says
It could reduce your payment, and maybe even result in loan forgiveness. It won’t hurt to try! But start the process immediately. Read this column for steps:
https://www.terrysavage.com/parent-plus-july-1st-deadline-sos/
