Options for repaying your Parent PLUS loans

Parent PLUS loans offer fewer options and protections than other federal student loans. There is still room to choose a strategy that works for you.

Find answers for your situation:

• What if the payments are too high on my Parent PLUS loans?
• How do I get my federal Parent PLUS student loan out of default?
• What's the best way to start paying Parent PLUS student loans?
• What's the best plan to finish paying off my Parent PLUS student loans?

What if the payments are too high on my Parent PLUS loan?

If you're struggling to make payments, you can take action to make your loans affordable and stay out of default.

First, check if you qualify for lower payments

Consolidating your Parent PLUS loan will make you eligible for the Income-Contingent Repayment (ICR) plan. Use the Education Department’s Loan Simulator to estimate your payment on the ICR plan.

The minimum payment on ICR is just $5.

If you have federal student loans for your own education, do not consolidate them with your Parent PLUS loans. You will lose repayment plan options and restart the clock on PSLF and other forgiveness programs. You can learn more about the consolidation process here

Act quickly to avoid default. Default can result in consequences like garnishment of your wages, federal tax return, or Social Security.

Next, set yourself up to stay on track

• Set a reminder to recertify your ICR plan

Explore other situations

• See tips to avoid scams, save money, and pay off student debt faster
• If you're in the military or work for a government or nonprofit organization, learn about public service loan forgiveness
• Have another type of loan? Review options again for more advice