Michele Lloyd, a therapist from Detroit, is struggling to repay her $110,000 education loans and her daughter's college debt. The monthly $600 bill is unaffordable for her, and she is unable to lower the amount due to the restrictions on Parent Plus loans.
Lloyd considers the interest rates predatory and the payments too high. However, she recently learned about a strategy called 'double consolidation' that could help alleviate her debt burden.
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