Meet a 57-year-old dad with $104,000 in student debt for his son: 'It was my obligation to do the best I could for him'
In hindsight, however, he wishes that it had been a bit harder for him to take out such a large loan to pay for his son's college, considering his income at the time and the ballooning interest rates since.
So he turned to parent PLUS loans to pay for his son's education at George Washington University, and he told Insider the process was"extraordinarily simple." Now he has $104,118.60 in student debt with 360 monthly payments to go — each payment about $760 — meaning he will be 88 years old when he finishes paying off his debt,"that is, if I live that long," O'Kelley said.loans, the type that O'Kelley is paying off, are federal loans for parents to pay for their children's education.
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