Ask Terry Questions Parent Student Loan

Parent Student Loan

By Terry Savage on April 20, 2024 | College Savings / Student Loans

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
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:

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