Parent Student Loan
I am considering paying off my Parent Student Loan with the proceeds of our home sale in the next year or so. Can I negotiate a lower payoff amount? The loan is processed currently with Nelnet.
Thanks for your advise,
Terry Says
There may be a better solution, depending on your income and how long you have been paying. Forgiveness, or reduced payments, might be a more sensible solution — although I can understand wanting to get this over and done with.
If you’re interested in learning more about what reduction might be possible, please contact my student loan expert Rae Kaplan, at www.RaeKaplan.com.
She charges a fee for consultation.
So if you want to know if this is even a possibility, read this wonderful Forbes article describing the various options:
https://www.forbes.com/advisor/student-loans/parent-plus-loan-forgiveness/