The latest data on student loan debt is staggering
Parents Stuck with College Debt
Is forgiveness an option?
Parent PLUS student loan debt is piling up fast. Since 2014, the amount of outstanding debt taken on by parents to pay for their kids' college education has nearly doubled — check out our infographic below to see what we're talking about. That's a heavy load for families already feeling stretched thin.
And here's the kicker: Parents are often still paying off their kids' college loans well into their 60s and 70s. In fact, some are even worried their Social Security checks might be garnished because of it.
If you're one of the many parents shouldering student debt, you're not alone. Our latest article breaks down your options, from Income-Contingent Repayment to forgiveness programs that could offer relief. It's worth a read, and possibly a second opinion on that college funding plan.
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