A national web based publication, The Dollar Stretcher.com, picked up our article “Could Student Loan Debt Derail Your Retirement“. We focused on sharing ways to avoid default and reducing student loan payments for Parent Plus loans. It’s a problem and one that is only recently getting attention. Too many parents are faced with paying the student loan debt that they incurred for their children — that they expected their children to pay once they obtained good jobs. Or the parent may have always intended to pay the debt to send their children to college, but they have lost their own jobs and are unable to pay as intended. Most people who lost their jobs during 2008-2012 who have been fortunate enough to obtain replacement employment are facing a lack of savings and usually lower wages than enjoyed previously.
Just know there are options out there. Options that your servicer (Navient, Great Lakes, FedLoans, NelNet) may not be sharing with you. Consult with a student loan attorney to make sure you are taking advantage of all available options to reduce and even eliminate student loan debt. See our Student Loan Survival Center for more info or check out our free e-book “How To Take Your Life Back From Your Student Loans“.