<p>OP, by the way, the debt is your parents, even if something happens to you and you are no longer alive, as far as I understand it. There have been cases where parents have paid off the educational loans of their children who have sadly died. </p>
<p>I am very concerned about the level of debt your parents currently have and how it will be paid off by you OR them, plus whether there is any ability to get MORE debt and pay that off. These issues need to be addressed so you can make clear choices. Things seem pretty muddled to me. I don’t understand how your parents could have gotten a loan if they don’t have assets to repay said loan. Lenders are known to take a % of wages if they have to from borrowers who don’t pay back loans in a timely manner; the courts are asked to help if the parties can’t work things out among themselves. Might be a good idea to talk with financial aid or someone in your life that has a good sense of your financial situation and your parents" financial situation to figure out the best course moving forward.</p>