Parent PLUS Loans

As a parent you are on this page because you care about your children and have given them all in terms of love and support but also money. They have gone to College because of you and you have picked up the check but that check has been big!

Did you know that, according to ED Q2 2018, you are one of 3,500,000+ Parent PLUS student loan holders holding over $87 BILLION dollars of student loans!

Here are some questions to ask yourself…

Here are some questions to ask yourself…


  • Are your Federal Parent PLUS student loans larger than your income?
  • Do you feel overwhelmed by your monthly Parent PLUS student loan payments?
  • Do you feel that you can’t move forward with your life because of the amount of student debt hanging over you?
  • Do you feel like saving for retirement is on hold and your retirement is in jeopardy because of student loan debt?
  • Do you feel that you will NEVER be able to pay your Parent PLUS student loans off?
  • Do you feel panicked / frustrated that there is no solution to your student loan problem?

Then you have come to the right place!

Parent PLUS loans are complicated! If you talk to a Loan Servicer they might tell you that if you Consolidate your Parent PLUS loans you can get into the Income Contingent Repayment (ICR) plan, which is the worst of the 5 Income Driver Repayment (IDR) plans. There is another option.

We can assess what is the right plan for you based on your current situation and what your Short, Medium and Long Term goals are. We can usually show you ways to significantly reduce your monthly repayment amount and maximize the amount of debt forgiveness you can achieve.

Book an appointment with me and let us show you a strategy to help you get on track with your life and find solutions to reduce your student loan stress and provide a path to student loan completion.

Eric McGinley is a Board Certified, Student Loan Professional (CSLP).

ServicesStudent Loan Pre-PlanningStudent Loan Analysis & ImplementationRecertification Retainer*Loan Consult (30m)
Student Loans Data AnalysisYY
Meeting to Discuss Student Loan DataYY
Plan to move from PARENT PLUS to Income Driven Repayment PlanYY
8 months execution helpYY
Education on the Different Federal Loan Plans AvailableYY
Calculation of Accumulated Debt per Loan Plan TypeYY
Calculation of Student Loan Forgiveness AmountYY
Loan Plan ComparisonYYY
Student Loan Data ReportYY
Monitor Recertification DateY
Advocate with Loan ServicerY
Assist in completing all paperworkY
Assist with Loan deadlinesY
Assist with Annual RecertificationY
Assist with Loan Servicer requirementsY

Student Loan Analysis:  First step on the path to implement a plan to get out of Student Loan debt. This will not be simple, easy OR short but there is a potential strategy to significantly reduce your monthly repayment and work towards student loan forgiveness despite what you might have been told.
Student Loan Implementation: For anyone who wants the surety of knowing that their plan will be implemented by an expert, so that any issues that arise will be dealt with correctly. This plan can only be selected IF the Analysis package has been purchased first. The maximum number of payments is 6 but if the plan is incomplete, implementation will continue regardless with no extra payments.
Recertification Retainer: For anyone who wants to make sure that all deadlines are met and that the plan is progressing as it should. This plan can only be purchased if the Analysis package is purchased first.