Parent PLUS Double Consolidation: The final stretch | July 2025 Deadline

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Don't miss this last-chance opportunity to access more affordable repayment options! Parent Plus loan borrowers have just one year left to access SAVE via the double consolidation loophole. Join us for a step-by-step guide, including how to avoid crucial mistakes and how to deal with loan servicers: www.studentloanplanner.com/pa...
Other links mentioned in this video:
studentaid.gov/app-static/ima...
studentaid.gov/sites/default/...
Get professional financial help: www.slpwealth.com/book
Get a student loan plan from the experts: www.studentloanplanner.com/book
Disclaimer: Investment advisory services offered by SLP Wealth LLC. This video is for general educational purposes only and should not be construed as any investment, financial planning, tax, or other professional advice.
Legal: Student Loan Planner is a financial coaching company and does not claim to provide financial advice on investment products. Refinancing federal loans causes the borrower to lose access to income-based repayment plans as well as the PSLF program. We may earn compensation from advertising partners when you click on links on our site. Student Loan Planner is not a debt settlement or debt relief company. We do not provide tax or legal advice.
#ParentPLUSloans #ParentPLUSborrowers #StudentLoanPlanner #StudentLoans #StudentLoanForgiveness

Опубликовано:

3 июн 2024

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Комментарии : 33

@klg9127 Месяц назад

We consulted with Student Loan planner in late July 2023. Our double consolidation process was completed in March 2023 and we are on SAVE now. We could have completed the double consolidation sooner but we wanted to figure out our tax situation first. The process is time consuming and detailed but our payments on SAVE are 1/3 of what they would have been.

@keithm.9726 Месяц назад

I also want to say your help was invaluable as I was able to successfully get the double consolidation completed and reduced my payment by more than half. It’s well worth the one hour session to get yourself started in the right direction!

@livingbeyondlimitsreneenadja 28 дней назад

Do payments have to be made to the two servicers while your doing the last step to the consolidation process? Im doing the last step this week.

@KMarieLaVigna 20 дней назад

hello and thank you! do we have to do anything for the IDR account adjustment? Or does this happen automatically?

@yongkim5517 25 дней назад

Hello, after I summited the application, should I called the loan service to request loan forbearance in order to get the payment pause?

@yvettef4184 27 дней назад

i had consolidated my parent loan a long time ao , so if I take that consolidate loan and consolidate this loan now with anothe rone of my direct loan that wasnt consolidate so would that be the same as desin video ?

@keithm.9726 Месяц назад

I will be receiving social security income as well as job income for a full year before I retire. I assume my SAVE payment will increase for a year or until I’m receiving social security income only for a year?

@kimberlydollar6375 Месяц назад

I wasn’t able to watch the livestream. I have a question. I am one of those who is taking out my sons last PPL this year. I understand that I should start the paper applications for the loans we have including the fall 2024 loan. If I begin it in the Fall it will take 3ish months. The spring semester loan will be disbursed in January. What do I do with that one? Can I wait until it is disbursed to do the online application and include that one with the 2 consolidated ones from the paper applications? Please advise

@allkindsamusicchick 28 дней назад

I should apply this method, as my financials fall under this criteria. Nonetheless.....What are the possible downsides of the Save Plan?

@MerryEdgeman 20 дней назад

Thank you for a valuable tutorial on this step by step Parents Plus Double loop consolidation into a SAVE IDR plan. I did all what suggested processes up to the tee, got notification yesterday that my payments will be as exactly as the same as before double loop consolidation been done. What went wrong? It surely raises my anxiety and distress level up to the roof instantly. Please help!!

@kristinekelly5207 16 дней назад

How do I log in for your next podcast so I can ask questions live?

@keithm.9726 Месяц назад

Is there chance SAVE could be eliminated or changed with Republican President?

@UnknownUnknown-tu3be Месяц назад

Absolutely and the Donald will have a pen of vengeance.

@lyndaludwig9052 16 дней назад

What can you do with one Parent Plus loan that I owe $43,000. Can you move it into a different type of loan twice to get to the SAVE plan?

@patrickfullerton6961 21 день назад

Daughter 1 just graduated. We had 4 years of parent plus loans. I have consolidated 2 years together and the other 2 years together. Now I have two consolidation loans and no parent loans. The payments are now coming due. I plan to do the loop hole consolidation to bring them together and to ultimately transition to the SAVE plan. I was planning on doing that now. Daughter 2 starts college this fall. We plan to take out more parent plus loans for her time in college. Question: Can I take out parent plus loan in July or August 2024 for the first semester. Apply for a second parent plus loan in November or December 2024 for second semester. Then in early 2025 consolidate those two........followed by taking this consolidation loan and combining them with the loans taken for daughter 1 and having all 5 years of loans under the SAVE plan by July 2025?

@emilyleah1414 11 дней назад

Both my husband and i make a total of $177,000. We have 3 kids (1 college graduate and 2 in elementary and support my mother in law). We file taxes married filing jointly. We live in california. My loan is a total of $149,000. Do i qualify for SAVE? I have already done my final consolidation and qaiting for 10 days of correction time to pass but have not submitted IDR form. Do i qualify for SAVE?

@lovelyduck2360 Месяц назад

I did the consolidation with ED financial and Aidvantage. I'm now trying to consolidate the two. The loan servicer that is left for me to consolidate with is Mohela. When I chose Mohela it says that ultimately they will be my servicer but Aidvantage will do the initial processing. Is this going to mess me up since I already did a consolidation with Aidvantage?

@13Marino Месяц назад

No. We have done this twice already exactly how you are and it works fine.

@summerbeauts Месяц назад

Did you do the paper application with ED financial and advantage? I’m about to do the same thing. ED Financial is my current servicer.

@lovelyduck2360 Месяц назад

@@summerbeauts I put the wrong servicer down. Ed financial was my original servicer too. I did paper applications with Nelnet and Aidvantage.

@Terry-vy5ic 24 дня назад

Help! I divided my PLUS loans held by Nelnet and sent two paper apps to Edfinancial and one to Aidvantage. Aidvantage processed one sent to them. Then Aidvantage processed the other two sent to Edfinancial, but kept those two instead of sending to Edfinancial, so I now have two separate loans with Aidvantage. Can I still combine these two loans for the double consolidation loophole in six months?

@briyanc2138 24 дня назад

how long has it been since they finalized the consolidation? it could take a couple days for the loan to get back to Edfinancial. give it a week or 2 if you havent.

@Terry-vy5ic 24 дня назад

@@briyanc2138 thank you for your reply. Aidvantage already set up my second loan under their website and emailed me that it was complete. I have messages in to them to explain how they can be the servicer instead of Edfinancial. If Aidvantage also processes consolidations for MOHELA, how will my final step be handled for completed the double consolidation with MOHELA?

@Terry-vy5ic 24 дня назад

@@briyanc2138 I received a letter from Aidvantage that it was finalized and they were the servicer. So both my consolidations are now serviced by Aidvantage separately even though I requested the split between Edfinancial and Aidvantage. Can I start processing the next step right away or do I need to wait since Aidvantage processes for MOHELA and Nelnet??

@briyanc2138 24 дня назад

@@Terry-vy5ic both loans should be under aidvantage and edfinancial before you consolidate them into mohela.