A 60-year-old took out student loans to help her kids succeed. She's facing retirement with a $156,000 balance.

Nansi Lynch, 60, took out federal parent PLUS loans to fund her children's college education and now owes $156,000. The loans carry a 9.07% interest rate, the highest among federal student loans. Under her income-driven repayment plan, her monthly payments were $238, but she worries they will increase when her forbearance ends. The Trump administration recently imposed a $65,000 lifetime borrowing cap per dependent for new parent PLUS loans.

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