<p>Sue…do you have enough equity to take out a loan and pay off the college loan with that money? Your son could then pay YOUR loan payment.</p>
<p>At $70K per year, he is not eligible for any reductions at all in his federal loan repayment. Now, if he were low income, he could have his payment adjusted to reflect his salary.</p>
<p>Congrats to him for getting a good paying job! So many are under or unemployed.</p>