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Can a Parent PLUS loan be forgiven?

For example, parent PLUS loans qualify for forgiveness if you choose a certain federal repayment plan, if you work in certain jobs or if you’re permanently disabled. Here are the ways that you may be able to receive forgiveness as a parent PLUS loan borrower. What Is Parent PLUS Loan Forgiveness?

What is a Parent PLUS loan?

These federal loans, which are offered to parents of undergraduate students, can make college more affordable in the short term. Parent PLUS loans come with higher interest rates and fees than federal loans that undergraduates can take out on their own, and they have fewer repayment options.

Can a PLUS loan be forgiven?

PLUS loan forgiveness is limited, but it is possible. Even if your PLUS loan isn’t eligible for a program, borrowers have seen many changes to student loan repayment and forgiveness programs in recent years, making it possible for more loans to be forgiven.

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