Brought to you by the Every Dollar app. Start budgeting for free today. Today's question comes from Christian in Tennessee.

My wife and I went to college and racked up significant student loans. The crux of our problem is that part of it was on a parent plus loan that's under her father's name.

Her father and mother would like to get rid of that loan.

They want us to take it on.

We're in no way, shape, or form in a position to take on.

What has now turned into a $60,000 loan, we feel bad, want to help out, but don't know what to do.

I hate Parent Plus loan.

I do too.

I do too. I do too.

Thanks for,

thanks for picking me up there.

My headphones got all tangled up and I was stumbling and bumbling.

Okay, Dave, tell me if this rings true with you.

I'm 18 years old.

Mom and dad have it in their heart that they want to make me happy.

So they co-signed for this loan for

this thing that's not a co-sign it's a parent plus loan they just borrowed it they borrowed it they borrow the

money on a thing that we can't afford assuming there was not an agreement around the kitchen table that

we're going to take this parent plus loan but you're going to be responsible for it now they're realizing, oh, this is a $60,000 loan, and they're not in shape to pick it up,

and we can't keep carrying this thing, so we need each of all to take it on.

At the end of the day, mom and dad signed the loan, they sign the loan, they sign the loan.

Yeah.

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