Due to recent changes in federal student loan regulations, we are unfortunately unable to help most Parent PLUS borrowers reduce their monthly payments at this time.
The Department of Education has significantly limited the repayment options available for Parent PLUS loans. As a result, many of the strategies that previously helped borrowers lower their monthly payments are no longer available, leaving most Parent PLUS borrowers with few opportunities for meaningful payment reduction.
We know this is frustrating, and we don't believe in recommending services that aren't likely to provide real financial value.
However, there may be another way we can help improve your financial situation.
Many Parent PLUS borrowers qualify for our Tax Strategy Evaluation, where our tax specialists review your financial situation to identify legitimate opportunities to reduce your tax liability. Depending on your income, employment, business ownership, investments, and overall tax situation, these strategies can result in substantial annual tax savings.
While tax planning won't change the terms of your Parent PLUS loans, many clients use the money they save on taxes to make loan payments more manageable, pay down other debt, or strengthen their overall financial position.
Answer a few additional questions to see if you qualify for a complimentary Tax Strategy Evaluation. If it looks like we can provide meaningful value, we'll connect you with one of our tax strategists for a personalized review.
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