Many parents help their children with student aid by taking out Parent Plus loans in their own names to help pay for their child's education. My parents have a combined $52,000 in loans left 10 years after we have graduated from college and are still paying over $350 a month, while not making a dent in the principle, only paying interest. Helping students out with their student loans with the new presidential initiative is FANTASTIC! Now lets take a step to help out parents who took out loans to help finance their child's college educations.
We can restructure their debt or extend the current initiative to include Parent Plus loans as well.