My sister's mom (not my mom thank god) took out FOR SOME GODS FORSAKEN REASON all her loans as parent plus. 80% of them are parent plus, when she fully had the option to do subsidized for everything (very low income). Now my sister, who is DEEPLY disabled (missing half her face internally from a smoking-mom induced birth defect).
She is.legally disabled but cant dispatch these bc they are f$%king parent plus. I don't know what to do anymore, her mom is a damn CNA they want like 1200$ in payments, they would be homeless. No one has this money. I've called so many times, explained so many times, shes makes 30k a year my sister gets 900$ in disability and that just pays her personal bills, they live together in a condo she inherited from her grandmother.
Idk what difference it makes but this was the servicer that got sold around alot bc they kept going bankrupt or something. We have heard of private consolidation, is that viable? What is our next step?
Any info you can provide would really help.
Posted by FumesOfDelphi
2 Comments
If she consolidates immediately she might have time to get access to an income based plan. Her payments would be zero or close to it. But she needs to do this like today and there’s no guarantee at this point that it would be processed by the deadline of June 30th. That’s the processed by deadline..not the application deadline.
What type of payment plan is she on? Parent plus loans are eligible for IDR, which is based on income.