Can a teacher's parent get their PLUS loan forgiven?

วันจันทร์ที่ 18 พฤษภาคม พ.ศ. 2552
My dad took out a series of PLUS loans to help cover my college expenses a few years ago. Soon after I graduated in '05, he consolidated them all and I took over the payment. This past year was my second year teaching in a low income school in Texas and with all the loan forgiveness programs out there, I'm wondering if the loan (which is still in my parent's name) can be forgiven on behalf of my public service. Any ideas?


No, PLUS loans are not eligible for discharge because of teaching in a low income school. See chart on page 35 third column of this Dept of Education publication.

You should be aware, if he consolidated them, they are not longer PLUS loans and are no longer federal loans. Standard federal forgiveness policies don't apply anymore.

(Which is why consolidation loans are not a good option for federal loans).

no, I am a teacher and the forgiveness only applies to the student. If you only cosigned for the loan and it had the student name also then yes it may be possble contact you lender.

I believe you can only get the loans in your name forgiven. But definately call your servicer to confirm, because that definately is it a good question.

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