Hello all. My wife has a Parent Plus loan through AES. Her father's name is on the loan with the total balance being $49,789. My wife's share of that balance is $36,837 ($483.20/month), the rest belonging to her brother who attended another institution. Here's our dilemma: we are behind approximately $1500 in payments on our share of the loans because of several months of unemployment. We have been employed for about two years now, and out of desperation I purchased YNAB and have been attempting to budget for this (and the rest of our life) but I have come to the difficult realization that there is NOTHING extra in our budget to pay off the past-due amount. Additionally, her brother hasn't been making payments period. Consequently, her father receives daily collection calls and has even been called at work about the past due balance, then calls and yells at us but there's nothing we can do to catch up on our balances and meanwhile her brother still doesn't pay on his loans.
That said, I need to find a way to get our loans out from under her father's name and separated from what her brother owes so that we don't have to involve anybody but ourselves in dealing with these loans. Furthermore, we have already used up all forbearance on the loan and they won't allow us to "reset" the balance to we can start fresh, nor will they discuss ANY of the loan details with anybody but her father, who is difficult to deal with in this particular situation. It feels as if our hands are tied no matter what we do, and all we want is a fresh start so we can stay ahead.
Is there anything I can do to sort this mess out? Any and all help will be greatly appreciated.