<prompt> Human: UPDATE Of course, there is more to the story. I dont know 100 of the details just yet, but in addition to the debt below, my parents have a mortgage for 300K. This is why they are struggling. They dont have any other debt besides this. I am trying to help them dig their way out of this. I might stop posting here. Everyone has been incredibly helpful, but I think this problem needs to be handled offline. Thank you all for your responses.TL;DR: My budget is rock solid until a phone call from my dad last night where he told me about a 255K loan in his name.I appreciate anyone who takes the time to read this all the way through. I am terrified and fear for the future. I am a 25F who is currently living in an apartment. I make 61,500 a year and max out my 401K, leaving me with 2,548 a month. I have very minimal bills and do very well for myself. For reference, my current monthly budget is this:Rent: 750Electric: 50Cell phone: 50Internet: 60Food: 300Emergency fund: 1,000Flexible spending: 274Sounds great, right? Well, thats what I thought until a phone call last night that rocked my world. My dad is absolutely awful with money, and I never knew the extent of it as my parents kept their problems private. My dad said that he and my mom would pay for my older brothers and my college. It was greatly appreciated, and I was able to start my life on the right track. However, it turns out after 3 years, I get a phone call that there is a major problem. My dad has an extreme loan that includes my brothers college loans, my loans, and loans he took out for a brief period that he enrolled in extra schooling which he never told anyone about. The total current balance is 259,264.06 at an 8.25 interest rate. This is comprised of the current principal balance of 255,942.26 and unpaid interest of 3,321.80. The monthly payments are 1,951.18 and it is obviously only covering part of the interest. He took out federal loans to handle this and now my parents are over their heads.I am sick to my stomach as I adore my parents and want to do anything I can to help. I will move back home if I have to and am willing to give my entire check to help them out. My mom is not educated and did not understand college loans, so she let my dad handle it and this is what he has done. They have been married for 31 years and my mom wants to leave him after finding out about this loan. My dad said he is better off dead and says he wants to stop taking his insulin as an insulin-dependent diabetic in order to die and end this problem. All of this was brought to me in a phone call last night.I love my parents and would do anything for them. Yes, my father is awful with money, but I want to help all that I can. My question is: how much interest is accumulating on a daily basis? If I paid the 3,321.80 in unpaid interest, how much would have to be paid on a monthly basis to keep the interest down so the principal could start being chipped away? If I set up a 5-year plan, how much money would have to be paid on a monthly basis to pay off this horrible loan?Relationship advice aside, they are my family and I love them no matter what. If my parents divorce, that is their business, but I will not go down without a fight. I will move back home and help them pay this off as much as I can. For additional reference, my dad makes 100,000 a year and my mom makes 60,000 a year.Please help me get a handle on this and help my parents. I would also appreciate if you left any parent-bashing out of this. I am well aware of the problems, but I love them.  <response>: I dont understand why you say your parents are in over their heads.You say this debt costs 1,951 a month and that they make 160k a year which equates to around 8,600 a month in post tax income. Where is the other 6600 a month going? 