Retirement at Risk: A Mom’s $156K College-Loan Burden

A 60-year-old mom, Nansi Lynch, faces retirement with $156,000 in federal parent PLUS loans she took out for her children’s education. With a high 9.07% interest rate and periods of deferment, the balance has grown, and her current payments around $238 a month could rise when forbearance ends, forcing her to work multiple jobs and postpone retirement as she weighs long-term debt obligations.