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Loan Forgiveness Programs Generational Transfer

Total Posts: 1

Joined 2014-04-28

PM

 

I have a client that is a teacher asking about loan forgiveness for her loans based on the teacher loan forgiveness program.  I think I was able to find out about most of that program.  The dumb question I have is can her service qualify for loan forgiveness for her children’s education loans?

Here’s some additional info she sent me:

We will need to co-sign for my daughter’s student loans. She is receiving 2500 subsidized and 2500 unsubsidized. She will need to borrow another $4000-5000 a year to cover her expenses, after my husband and I somehow contribute $20K/year toward her college bill. I believe we would have to use the Parent Plus loan in order to roll the debt into my graduate student loans for consideration in the Loan Forgiveness Program in ten years. That could be “dangerous”…?

Any comments on this idea would be welcome.