They Have Paid $495 a Month for Five Years on a $130,000 Debt That Legally Belongs Entirely to His Mother-in-Law, and She Just Called to Say His Wife Should Take Over the Full $990 Payment Because Her Other Daughter’s Loans Are Now Due
He and his wife are in their late twenties and have been paying $495 a month for the past five years toward Parent PLUS loans his mother-in-law took out to cover his wife’s private college education. The original agreement was that his wife would be responsible for half the cost of her education, but she…