<prompt> Human: Hello PF,I feel like I have figured out a good albeit morbid strategy for taking care of the student loans my parents took out for my undergrad, and Id love a second opinion.Background: 230,000 of loans completely in my fathers name, 1 Federal loan 40K 5, 4 Sallie Mae loans 190K 8. Basically, right when I was applying, my father got an executive position at a company, and right after I finished school, he was laid off, so we got screwed on financial aid, and he had the loans in forbearance for the past year, accruing interest. Once in repayment, the estimated payments were going to be 2500month over 15 years. My father is officially unemployed, and at 67, he is gearing up for retirement.The plan: Doing my research, I found that there are no income-based repayment plans for the Parent-Plus loans, so it was looking like we might actually be stuck with that crazy monthly bill. After more research, I found out that we could consolidate all of the loans into a Direct Consolidated Loan, which would be eligible for income-based repayment. He was approved, and I am set to begin payments of 550month. The monthly payment will change each year depending on his income and will likely increase once he starts receiving SS, which he is delaying for the maximum payout. But just assuming 550 for easy maths sake, the total we would pay over the course of the loan is 550 x 12 x 25 165,000. The average monthly payment over the 25 years of the loan would have to be 766 for me to end up paying the full balance, but based on the income calculation he would have to make over 70,000 to warrant those monthly payments...Now, the kicker: at 25 years, any leftover balance is forgiven, but it is taxed as income. The remaining balance on the loan at 25 years would be something like 400,000, so lets say wed owe 150,000 in tax. But, I would have 25 years to save that sum, just in case, which looks like 500month, when Im already saving about 3000 a month, so pretty doable. On the other hand, if my father dies before the loan period ends he would be 92, the rest of the loan is forgiven, without consequence. I am obviously not wishing that my father will die before his time, but given my familys dicey financial situation, I am trying to be practical as well.Is there anything that I am not considering that could undermine this plan? Or is there another approach that would be more advantageous?--- EDIT ---Thank you to everyone who has replied! There seems to be a lot of misunderstanding in the comments: I do not expect my parents to pay ANY of the loans. I am paying them myself. I am simply outlining a strategy for minimizing the amount that I would need to pay back. I understand that what I am proposing is essentially PF heresy. I believe that even in the worst case, it costs me no more than it would if I were to put all of my money into them now.  <response>: I think one thing you havent thought of is, pardon me being morbid, your passing. You should get a term insurance policy for 250k with your dad as the beneficiary. 