"Maximizing Parent PLUS Loan Forgiveness: The Borrow and Die Strategy"

Some parents are considering a "borrow and die" strategy for Parent PLUS loans, aiming to avoid repayment by reaching retirement age and qualifying for $0 monthly payments until death or loan forgiveness. While this approach may increase family generational wealth, it is complex and risky, and may not work for all families. Parent PLUS loans have higher interest rates and no borrowing limits, making them an attractive but potentially burdensome option for financing college education. However, there are alternative strategies to consider, such as community college, scholarships, and income-driven repayment plans, to mitigate the financial impact of college tuition and fees.