I TOOK OUT A PARENT PLUS LOAN (8.5%) ABOUT 8 YEARS OLD WHEN MY SON WENT TO COLLEGE
YOU HEAR OF WAYS TO REPAY, BUT NOT FOR PARENT PLUS LOANS. CAN YOU PROVIDE ME WITH ANY
HELP. THANKS FOR YOUR HELP.
Terry Says: I’m afraid you’re stuck. The lenders who made these loans have little incentive to re-write them at a lower rate. Have you looked into refinancing your mortgage to withdraw the cash and pay off the loan. Essentially you could cut your interest rate in half!