The Ramsey Show His Dad Took Out $70K in Parent PLUS Loans and Didn’t Tell Him
Nov 12, 2025
Parents and money can be a tricky subject, especially when unexpected loans come into play. The hosts delve into how to manage a staggering $70K in Parent PLUS loans and the importance of communication. They explore life insurance as a safety net against life's surprises and tackle the dilemma of choosing a job that pays more but is less fulfilling. The importance of teaching children about contentment and navigating family responsibilities after loss are also discussed, along with practical advice for young adults on what to do with their savings.
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Deal With Parent PLUS Loans Strategically
- Pay off smallest debts first and throw all extra money at them in the baby-steps order.
- Demand fairness from family for undisclosed Parent PLUS loans and negotiate splitting responsibility if you didn't know about them.
Protect Counseling While Slaying Debt
- Keep essential counseling funds even while getting aggressive on debt payoff.
- Use EveryDollar to budget fixed amounts so you funnel a set extra payment to the smallest debt each month.
Pay Debt With Savings To Rebuild Emergency Fund
- Use savings to pay off small consumer debts and then rebuild a 3–6 month emergency fund.
- Paying off the car and student loans now frees up $2,100+/month to rebuild savings fast.
