Followed your instructions to the letter and just received my new payment amount from Aidvantage. Went from 4 loans to two to one. Making sure to use paper applications. Total loan balance 162k with a salary around 140k. Payment dropped from $1100 to $560. When I retire it should drop even further. So happy and thanks so much for your help! 🙏🙏🙏
With Nelnet no longer processing consolidations as of 5/16/24, Would it be possible to get a video update with instructions on how to do the double consolidation without using Nelnet please? I understand it will be a longer process but it’s better to get started now so we can possibly beat the July 2025 loophole cut off. My current loans are with ED financial and I’d like to start the process right away.
ruclips.net/video/Pk6ukWTyfjM/видео.htmlsi=jhDn6YWkqXBR0nL3 Check out this video and take a look at the comments, someone called Nelnet 9 days ago and received this information about the 5/16 cutoff date for Nelnet consolidation.
I just finished the consolidation of the two servicers!! Now I only have one loan servicer!! Honestly it didn't take long at all. Uploading the idr form today! Im already contemplating a win!! Will be back for an update but thank you to you and your team! Great help!!❤❤❤
Did everything from your video, took 3 months but it worked. Wonderful daughter dropped a $125.000.00 loan in my lap great kid.Loans started out at $1149.36 after 4 were consolidated into 2. then became 1 loan payment went to $852.00, then the loophole just like you said now ICB $148.52.Quite a bit of paperwork and a few phone calls after reclassification, but it works. Amazing information, followed your information to the T and it actually worked. Thank You, 4 loans into 1 and it's like magic. Thanks Again
I have just been approved for the SAVE plan after successfully completing the double consolidation process. I cannot say enough good things about the beautiful people on this site. Your calm, clear, concise and reassuring directions brought me through a very stressful time. You are helping so many and deserve high praise for your efforts. Thank you!! ❤
Hi can you tell me if you sent a paper plan and when and to who? EF is giving me the run around. Saying they can no longer process paper applications for repayment plans (the final step) as of March 1st. They say it can only be done online at student aid.
@@KMarieLaVigna I uploaded pictures of a paper application, including my 1040 tax form. I believe the loan servicers have that option, I did mine with Mohela.
@@chrislabish i just did the same yesterday, uploaded the paper app to mohela! And i included page 1 from my 1040 tax form. Fingers crossed mine goes as smoothly as yoursl!! How long did it take mohela to finalize it for you?
@@KMarieLaVigna It wasn't real smooth. It took over two months after submitting the application because they wouldn't approve SAVE at first, and put me on a traditional IDR plan with super high payments. I had to insist that I qualified for SAVE. After talking to a supervisor, who agreed I was eligible, it took another month and three more phone calls:( Bottom line: Don't give up, don't get discouraged, and advocate for yourself! Be polite but firm. Hope all goes well.
Perfect timing. I was in the final step of this last night, doing the last online consolidation step, and noticed the new website was different, didn’t allow the SAVE plan.. was panicked 😱. Decided to pause my progress and check back with y’all. Glad to know you’re already aware & that we can continue to count on your team to teach us moving forward :) Thx again from Detroit
29:08 is the final step online. No I didn’t get to that one yet. What I did was really a bandaid, so criticize / improve as you see fit, but I paid a nelnet late fee to get in good standing, and then submitted request to them for ICR plan. I thought it already was ICR, and now it is. No payments (my parents are broke :/ ). The other servicer has one ICR consolidation loan as well. I figure for now, that gets me into good standing for the year, and then, since everything changes weekly, I have roughly 6-8 months to do the final step. No rush. If you are just starting out tho, be sure to give yourself six months! And good luck! Keep us posted
Update. I’m still waiting things out for now, haven’t done final consolidation yet (have one at aid and one at nelnet. Deadline end of year). Anyways My parents went from monthly payments of $750+ they cannot afford, possibly risking soc sec being garnished if no resolution, to now $0 / month because they qualified for income driven this whole time. Really appreciate you and your efforts and this community. If anyone’s reading this. I did a consultation and it was worth it. Cheers
@@phildittrich4361 Thank you for sharing this! I'm on the parent plus loan now but I thought it was not eligible for income driven payment plans? Can you share who you have your consultation with? Mohela's customer support is awful.
Great video and detailed instructions. I followed the instructions exactly and my payments went from $600 to $0!!!! It is definitely a process but well worth it!! I started the application process in December 2023 and got notice yesterday I was approved for SAVE. Thank you very much!
Great info! My question is regarding Administrative Forbearance. I had 5 parent loans with Mohela. I overnighted the 2 separate paper consolidation applications 11/6/23: one to Nelnet and one to ED Financial. Nelnet is fully completed as of 12/22/23 (next payment due to Nelnet by 2/5/24). Ed Financial is still in-process and those loans still show on Mohela's website and that I need to make a payment to them by 1/9/24. When does Administrative Forbearance take place? Is that only when I do the online consolidation? I plan to pay Mohela, but don't want that payment to potentially not count as I apply for PSLF. Shouldn't my consolidated loans be in Administrative Forbearance now?
I consolidated my daughters undergraduate loans right when Covid hit. So, I guess I'm not eligible for this loophole..with one Direct Consolidated Loan now. So, can I take 2-3 classes, take out small Federal loan..then use these two for loophole? Don't want to do this if it will not help 😭 thanks!!
If all my PPL are currently with Nelnet how do I do the double loop since Mohela and Ed fin are both actually Aidadvantage? Whats my best route as to not red flag myself? Pls help😢
Thank you for this how-to video! We dropped our payment $400.00/ month! Your step-by-step process was easy to follow. Thank you again for putting this out for those stuck with Parent Plus Loans!
Thanks so much for this video. I'm almost at the finish line! However, I have a quick question. I've recently seen horror stories about those who've completed the final consolidation process with Mohela -- something about being denied because Mohela's software won't allow selection of the SAVE plan following the final consolidation. Here's my question -- I originally started with all Nelnet loans. I successfully split and consolidated them into two separate loans with Aidvantage and Edfinancial. My plan was to do the final consolidation with Mohela but now I'm hesitant. Do I have to use Mohela or could I go back to Nelnet for the final consolidation?
This happened to me two weeks ago. I just called them after i seen my loan servicer was mohela on studentaid.gov (I didn’t get a email stating the consolidation was complete for some reason). Simply explain the situation and they will fix it and enroll you in the save plan. They explained that it’s just a glitch in the system. If the person you call seems to be new just ask to speak to a manager.
@briyanc2138 I called them after a week of receiving my application as my tracking said it was delivered but not picked up. They eventually found it and said that to me that they are no longer processing consolidation loans as of May 19th. My application got delivered on the 21st. 😡
I originally had 2 parent plus loans. I consolidated them 3 months ago. Now I have one loan. How would I be able to consolidate that one loan I have now so I can apply for the S A.V. E. PLAN? Thanks
I have 3 Parent Plus loans ( because my daughter was in the college for 3 years). And all 3 of them were posted to the same servicer Nelnet. How can I consolidate them ?
THANK YOU SO MUCH! This process took from October 2023 to now May 2024, went from 3 PPL’s with over 100 grand in debt, standard repayment told us $750 a month, just heard back from Mohela after FINAL FINAL step and we now only owe $300 a month. You guys saved me and my parents!
We were at the final step of double consolidation with Aidvantage and now it appears that the SAVE program has been blocked by Congress. We now owe 2 months of payments that are substantial. Can we apply for the income driven plan and then reapply for the SAVE program once it is reinstated?
My daughter graduated college. My son is still in college. I have parent plus loans for both of them. Can I do the double consolidation with just my graduated daughter's loans and leave out my son's loans from consolidation? I don't want to change his loans until after he graduates. I know the loophole closes in July of 2025.
I just attempted to apply for my final consolidation after being notified that my original consolidation loans were all set. Unfortunately, there is no way to now complete the final application online. It must be printed, filled out, and mailed. I am having trouble finding the application that is shown in theRUclips. Can anyone help with this? Thanks in advance!
How can I check if consolidation is worth doing it or not? I see that you have a calculator online but what if marrital status changes from single to MFJ during the payment?
Aidvantage is currently processing loans for MOHELA and Edfinancial when I go to select third servicer for last consolidation. Since I already used Aidvantage for 2nd consolidation -should I wait before I go through with 3rd consolidation?
Went through this process for my dad. Still waiting the final outcome of the IDR application but your instructions were so perfectly clear! I'm the one paying back the PP loans but will help me significantly when he retires in two years!!
They have a new IDR form with the January 31, 2024 update date and it is different than the one you used in the video. I am choosing the "income-driven repayment plan" (the first box. not the SAVE or IBR or PAYE or ICR....correct?
If Nelnet is my current servicer. Can I still consolidate one with nelnet and the other with aidvantage? Or can that not be done since it my current servicer. And if I have 5 loans I split 2 and 3 correct?
You can use your current servicer. For the first round of paper I used my current Nelnet and Mohela Final consolidation I used Aidvantage Just like she explains in video You just don’t want to use a servicer twice
I have 3 parent plus loans with the same servicer, and no other school loans. Not sure how to start, because you started with 4 parent plus loans to create 2 separate direct consilidation loans? Please help.
I had three PLUS loans with same servicer, as well. One can be sent to consolidate separately, then the other two can be combined to send to another servicer.
@@Terry-vy5ic thank you for the reply, but what are you consolidating the first one to? I have no other loans to consolidate it to. All I have is the 3 parent plus loans under the same servicer.
@studentloanplanner If my parent plus loans were already consolidated into a Direct Consolidated Loan years ago, would two consolidations still be required, or just one?
Went through this tedious process and followed your directions word for word. It was so well worth it. I went from $279 a month to $25!!! Thank you so much for this priceless information. If you're thinking about doing this, do it. It took several months but it's done. I can't begin to tell you how happy I am and how this really made this affordable for me. Thank you!!
I have the same question I have 2 with nelnet. So can I pick say Mohela and aidvantage for the paper applications and then at the end can I choose Nelnet for the final online application?
@@coffeecrazy70from my understanding, no, your final loans have to end at a different services you never used before. Not a professional, just what I’ve gathered, Hope it helps!
how long does it take for the loans to settle into the 2 where you apply for the online application? where it says to select which loans to consolidate I still have two direct parent plus loans there. Its been like that since the last time I checked earlier this month.
Hey great video! I already did the double consolidation and when applying for final step i submitted icr repayment plan online since i didnt know about the paper income driven form.. hasnt finished yet..big deal? Didnt know if this would tip off Mohela that i wasnt. Eligible for save because they involved parent plus loans
I did the double consolidation and I am not sure what I did wrong because I followed your steps. Went from aidavantge to nelnet and aidadvantage and now with Mohela. I am still at 20% of our income and not 10%. Our payment we have to pay is more than our mortgage. Any help would be greatly appreciated.
Just went through this painstaking process only to be told by two different reps that they have been advised this is no longer an option. All consolidations into Direct loans that used to be PP loans are now tagged as such even after consolidation, and only ICR is available. I am so bummed!
Don't give up! Was this with Mohela? I had to speak with a supervisor at Mohela after numerous other representatives failed to allow me to choose an IDR (SAVE). She recognized the problem as you described, in my consolidation, and put forth a fix. She stated as long as the last consolidation was direct loans, you are eligible for IDR options. I am now eligible for SAVE.
Can you do these consolidations if your loans are in forbearance? Also if I currently have 2 loans with Nelnet and pick 2 new different servicers for the paper applications can I then choose Nelnet for the 3rd/final online consolidation?
For the final step, sending the paper IDR application & selecting the plan. i see you need to send a copy of your tax returns. if you are married, can you file married filing separate to have a lower monthly payment? This would be when selecting the SAVE program. The loan is under my name and we can file separate tax returns for the 2023 tax year if it helps lower monthly payments. thanks
I have the same question and given that I had only 3 business days to respond due to weather conditions and the snail mail, I am stressing about the 10 day deadline.
i have 2 parent plus loans: i did a loan consolidation for one using a paper app w/ Aidvantage--quick and painless. Now I am doing a paper consolidation for the other one w/Nelnet and that one is moving along quickly!! Cant wait until that is done to do the final one, combining both into one new consolidated!
Hi could you please share who your original servicer was? I have 2 parent plus loans under MOHELA. I want my final consolidation to be with NELNET. Do you think i can do the first consolidation with MOHELA and the second with AIDVANTAGE?
@@angelalauer3226 hello, my original servicer was nelnet. so i had 2 parent loans under nelnet. i consolidated one under aidvantage using a paper app. and then a diff paper app to nelnet to consolidate that one. so yes i think you can do one with mohela and the other one with aidvantage. the only thing that is strange in that is that they are both serviced through aidvantage. but everyone says it is okay and will go to 2 separate places in the end.
What if I sent my only two parent plus loans to one servicer and now they are consolidated. Is there anything else I can do to qualify for SAVE still? I believe I’m over the reversing period. Would you suggest ICR as the next best option?
We are on paper IDR step application, got 3 PP loans into 1 final servicer (Mohela) no issues so far besides being patient. We have been working on this since October 2023. Fingers crossed this final step works!
At the end of the process, if the original Parent PLUS loans were for undergraduate school, will they qualify for the 5% discretionary income rule coming July 2024?
Make sure the box in the right hand corner of paper application is voided out with permanent marker. Send a letter if you want to stay with your current servicer particularly PSFL. I sent in the paper app. No one told me about the code with exp date in the right hand corner. My loan went to Edfinancial. I was at Mohela now has been a real problem getting this loan back to Mohela. Send a letter with your application who you want to stay with. Copy and send with return receipt. Please add a caveat if you are going for PSLF you must chose Mohela. They will not automatically place you back. I have now been required to resubmit my certified ECF to FSA. Definite headache things have changed
So I went through the process and have been successful at completing the double consolidation. My only issue is that it has not opened any new repayment options. Do I need to call my servicer and tell them that I qualify for other repayment options?? Please help!!
@meaganmcguire5857 hey Meagan i already consolidated two and choose icr since it wouldn't let me choose save ...my last is at mohela does this matter? It won't tip them off that I had parent plus loans in direct loan consolidation will it?
I consolidated and was tranaferred to Mohela in October 2022 (taking advantage of PSLF Waiver). Unfortunately, I didn't know about double consolidating and want to ask......If I take out a small loan in Spring 2024 as a part-time student with the intent of doing the double consolidation, how would that effect my PSLF counts?
i would recommend scheduling consultation w/ them for this question. or keep watching more of their videos for free. regardless, i scheduled consultation in april after 6 months of free research, and am glad i did. we were mostly on track, but i had made some assumptions that weren’t correct. in the end, $500 saved my parents like $45k from consultation, and overall saved us 100k+ from the strategy. good luck!!
oh no, please update us if you have any more info on this. I need to go with Mohela or Edfinancial for my last step. Neither are listed as options on line when selecting the new servicer.
My family member has a SINGLE parent plus loan. Do they use the same paper application process and "consolidate" only that one single loan to become a direct consolidation loan, then do that a second time?
I double consolidated my loans with ED and Mohela but just received a notice that Ed will be transferring my loans to Mohela. For the last step can i still do the double consolidation event though my now 2 separate loans are at 1 servicer?
I have 3 parent plus loans, I have consolidated 2 with Nelnet successfully, Do I now consolidate the the 3rd with the nelnet one and send to different servicer? or do I do an online application and request the 3rd loan consolidate with the Nelnet one?
I have submitted paper applications to 2 different servers. I have heard from 1 and nothing from the other. Has Nelnet stopped doing loans consolidations?
@studentloanplanner what if I already did an online application? I can't access that information again but I want to submit the paper application. I can't seem to find the loan account numbers anywhere.
What if you have already consolidated the 5 loans you had into one consolidation loan under the ICR in November 2023 (because it was the only available option available or known at the time). Is there an option to somehow do something with this still?
What if there are two siblings that are consolidating two parent plus loans each? Can we not send our loans to the same providers? If my sibling sent them to EdFinancial and Nelnet, does that mean I can't now?
Hello! Been following you guys for a while and always super helpful. I have one really important questions im hoping someone can help with. Im about to do the online 2nd consolidation. I plan on using Mohela for the PSLF servicer as my parent would apply. Im also trying to get on the SAVE program. Should I definetly still choose the "Standard Repayment" option, even though it says its not recommend for those seeking PSLF? Thank you so much!
What do I put in Section 6 of the Repayment Plan Request? "SECTION 6: WHERE TO SEND THE COMPLETED FORM"? Leave it blank? Put the consolidating loan server or the present loan server?
I had my loans with Mohela for one child multiple loans. I consolidated to nelnet and aidvantage by paper and then once they consolidated I moved on to the online consolidation loan back to mohela it allowed me to chose income driven plan but not save plan. How do I get on to the save plan now?
I'm filling out the paper application, but typing in the PDF. My account numbers are 21 characters long, but the fields only accept a maximum of 20 characters. Obviously I can write them in, but copying and pasting is more accurate. Is there a known reason for the 20 character max?
I completely,eyed this process a few years ago. I recently consolidated another set of loans to take advantage of being able to have all of the (second set) loans brought up to the same PSLF count. So I currently have 2 direct loans Loan 1 with 45 qualifying payments that are on the Pay as you earn plan Loan 2 is in an online consolidation process to bring all loans to the 41 qualifying payments. This loan will only be eligible for ICR plan. Can I consolidate these together to take advantage of the loophole WITHOUT sacrificing my qualifying payment number? Also, can I do it online since I already have the second one in progress? I am already with MOHELA for all of this and the current consolidation is with Aidvantage?
My double consolidation is complete and I am with Nelnet. On the Nelnet site, the SAVE plan comes up as eligible, but Student Aid says I still only qualify for ICR. Now what?
When I am applying for the IDR PLan Request - My quetion is CAn I still include my child (adult) that is living with me? He is working part time, He files his own taxes. What is the requirement for bing still part of dependent
Great info on your RUclips, by the way...thanks!!! I just did a Direct Consolidation of my FFELs, and I understand I can only do one consolidation every six months. If I ONLY have 2 PPLs with Nelnet, should I do a double consolidation by paper by sending each PPL to a different servicer, or should I combine the two and send them to one servicer by paper?
I was told by Edfinancial that Aidvantage processes all the consolidations, but then the loan would be held by who I requested-Edfinancial. Now that they no longer follow the original request, I am concerned about sending both consolidations now held by Aidadvantage for double consolidation to MOHELA since Aidvantage processes all of them. Why would they follow my request when they didn’t a few weeks ago. I thought they needed to be held at different services to complete the consolidation. Will I need to wait 120 days to consolidate the second time?
I have completed the first consolidation of the double consolidation process. However, since the July 18 Court Ruling, there is a stay in place and the Student Aid website has turned off the ability to submit an online application for Direct Consolidation. Is there another way to be able to see what your loan number is? I have called Student Aid directly a couple of tines and have been told that I have to contact my loan servicer for the loan number. Each of my loan services shows only an "Account Number" which I know is different from the "loan number". The second consolidation must now be done through a paper application since the online application is turned off at this time. Student Aid has assured me that I can use the service "account number" on my consolidation application. Anybody else having this issue locating a Loan Number?
I printed out the Repayment Plan Request for FFEL consultation. Was it correct to check standard? I’ve been reading on Reddit SAVE should be the option. I hope my application is ok.
My parents’ Parent Plus loan is on the graduates extended program will the amount never change until the loan is paid off or discharged? The payment is $447/month. We’ve been paying for 10 years (I am solely paying back for them now). I am trying to figure out if I should consolidate them or keep it how it is. I believe their payment on graduated extended is lower than what is would be if it was going based off my dads income right now but my parents are old and about to retire and only be on social security. Do I need to get them into ICR to lower the payments once on social security? And I am also looking into the double consolidation but I am worried that it will change the way the loan is? I hate thinking about this but… Would it still be discharged due to disability/death? Or would I (the student) have to take over the debt responsibility? If anyone can help I would really appreciate it!
Great video, thank you so much! I'm the loan owner for multiple (more than 4 loans) parent plus loans. Can my references for the paper consolidation form, be my 2 adult children? They both live separately from me but are the ones i took out the loans for. They each have their own student loans also. Again, I'm so glad I found your page.
I just consolidated 6 Parent Plus loans 2 days ago. Can I go back and do the double consolidation today? I’m also planning on applying for the PSLF program bc I’m a teacher. Will that prevent me from getting the double consolidation repayment plans?
I consolidated 1st kids parent plus loan, 7 years later when my 2nd kid graduated - I consolidated PPL again and it included the 1st kids consolidated loan - it doesn't look like I am eligible for SAVE with my administrator, is there any way to get around this now?
Hi, we have followed all steps. On the repayment plan request, bottom of page 2 ,section6, we do not know what to fill in here. Can you help with this section?
The third example is my situation. I am just worried about losing my 5 years of repayment towards pslf on my loans if I consolidate with the parent plus loans. Would this happen?
Thank you for making this video. I have one question, I will be doing Example # 3, when doing the paper application do I list Stafford loans on the loans I do not want to consolidate?
I have a direct consolidated loan (from Parent Plus loans) for one of our two kids. I did this way before I knew about double consolidation. I also have one separate Direct Plus Parent loan that was not consolidated for some reason. My wife has our other child under a separate but same type consolidated loan. We file taxes jointly and live in same household with one income from me. Is there a way we can consolidate both now consolidated loans into one under my name? I assume it would then be double consolidated. Thanks!!
What is the recommended service provider choices if your Direct Parent Plus loans start with Aidvantage? Should the first, paper applications go to Aidvantage and Mohela so the final consolidation can be with Nelnet, or is there another formula that is more guaranteed?
My husband has 6 loans Parent Plus Loans with Nelnet and I have 3 Direct Parent PLus Loans. I watched your video and can't wait to apply to consolidate for a lower payment. How many paper applications and online applications? Do I need to change the already Direct Parent Plus loans. How would I incorporate them into one loan?
Hi! Can a PP loan that is in deferment be included? I am currently paying on 8 PP loans but my son is still in college and I have 2 loans that are in deferment. Thanks.
if the orginal 4 direct plus loans are with one servicer (say ed financial) can one the consolidations be with that same loan servicer? Say loan 1+2 consolidate with edfinancial and loans 3+4 with mohela. or should you make sure to use 2 different borrowers from your original loan servicer?
Followed your instructions to the letter and just received my new payment amount from Aidvantage. Went from 4 loans to two to one. Making sure to use paper applications. Total loan balance 162k with a salary around 140k. Payment dropped from $1100 to $560. When I retire it should drop even further. So happy and thanks so much for your help! 🙏🙏🙏
Thanks for sharing, Keith! Our team is happy to help.
Thanks for sharing! My payment is 1100. Will be ecstatic it goes to half that! On my third and last step now!
Did you have to fight for it?
@@denisesteinwachs6348 Good luck! 🙏🙏🙏
@@denisesteinwachs6348 Not at all. Never had to even talk to anyone.
With Nelnet no longer processing consolidations as of 5/16/24, Would it be possible to get a video update with instructions on how to do the double consolidation without using Nelnet please? I understand it will be a longer process but it’s better to get started now so we can possibly beat the July 2025 loophole cut off. My current loans are with ED financial and I’d like to start the process right away.
ruclips.net/video/Pk6ukWTyfjM/видео.htmlsi=jhDn6YWkqXBR0nL3
Check out this video and take a look at the comments, someone called Nelnet 9 days ago and received this information about the 5/16 cutoff date for Nelnet consolidation.
I just finished the consolidation of the two servicers!! Now I only have one loan servicer!! Honestly it didn't take long at all. Uploading the idr form today! Im already contemplating a win!! Will be back for an update but thank you to you and your team! Great help!!❤❤❤
Did everything from your video, took 3 months but it worked. Wonderful daughter dropped a $125.000.00 loan in my lap great kid.Loans started out at $1149.36 after 4 were consolidated into 2. then became 1 loan payment went to $852.00, then the loophole just like you said now ICB $148.52.Quite a bit of paperwork and a few phone calls after reclassification, but it works. Amazing information, followed your information to the T and it actually worked. Thank You, 4 loans into 1 and it's like magic. Thanks Again
I have just been approved for the SAVE plan after successfully completing the double consolidation process. I cannot say enough good things about the beautiful people on this site. Your calm, clear, concise and reassuring directions brought me through a very stressful time. You are helping so many and deserve high praise for your efforts. Thank you!! ❤
Hi can you tell me if you sent a paper plan and when and to who? EF is giving me the run around. Saying they can no longer process paper applications for repayment plans (the final step) as of March 1st. They say it can only be done online at student aid.
that is great! i just recd my final consolidation. getting ready to do the save app--how did you apply for save? paper app mailing in or faxing in?
@@KMarieLaVigna I uploaded pictures of a paper application, including my 1040 tax form. I believe the loan servicers have that option, I did mine with Mohela.
@@chrislabish i just did the same yesterday, uploaded the paper app to mohela! And i included page 1 from my 1040 tax form. Fingers crossed mine goes as smoothly as yoursl!! How long did it take mohela to finalize it for you?
@@KMarieLaVigna It wasn't real smooth. It took over two months after submitting the application because they wouldn't approve SAVE at first, and put me on a traditional IDR plan with super high payments. I had to insist that I qualified for SAVE. After talking to a supervisor, who agreed I was eligible, it took another month and three more phone calls:( Bottom line: Don't give up, don't get discouraged, and advocate for yourself! Be polite but firm. Hope all goes well.
Perfect timing. I was in the final step of this last night, doing the last online consolidation step, and noticed the new website was different, didn’t allow the SAVE plan.. was panicked 😱. Decided to pause my progress and check back with y’all. Glad to know you’re already aware & that we can continue to count on your team to teach us moving forward :)
Thx again from Detroit
did you figure it out? it still doesn't let me choose SAVE
She's saying send the paper one for repayment plan
29:08 is the final step online. No I didn’t get to that one yet. What I did was really a bandaid, so criticize / improve as you see fit, but I paid a nelnet late fee to get in good standing, and then submitted request to them for ICR plan. I thought it already was ICR, and now it is. No payments (my parents are broke :/ ). The other servicer has one ICR consolidation loan as well.
I figure for now, that gets me into good standing for the year, and then, since everything changes weekly, I have roughly 6-8 months to do the final step. No rush.
If you are just starting out tho, be sure to give yourself six months! And good luck! Keep us posted
Update. I’m still waiting things out for now, haven’t done final consolidation yet (have one at aid and one at nelnet. Deadline end of year). Anyways My parents went from monthly payments of $750+ they cannot afford, possibly risking soc sec being garnished if no resolution, to now $0 / month because they qualified for income driven this whole time.
Really appreciate you and your efforts and this community. If anyone’s reading this. I did a consultation and it was worth it. Cheers
@@phildittrich4361 Thank you for sharing this! I'm on the parent plus loan now but I thought it was not eligible for income driven payment plans? Can you share who you have your consultation with? Mohela's customer support is awful.
Great video and detailed instructions. I followed the instructions exactly and my payments went from $600 to $0!!!! It is definitely a process but well worth it!! I started the application process in December 2023 and got notice yesterday I was approved for SAVE. Thank you very much!
Who do you send the SAVE application form to after both consolidations are done?
Great info! My question is regarding Administrative Forbearance. I had 5 parent loans with Mohela. I overnighted the 2 separate paper consolidation applications 11/6/23: one to Nelnet and one to ED Financial. Nelnet is fully completed as of 12/22/23 (next payment due to Nelnet by 2/5/24). Ed Financial is still in-process and those loans still show on Mohela's website and that I need to make a payment to them by 1/9/24. When does Administrative Forbearance take place? Is that only when I do the online consolidation? I plan to pay Mohela, but don't want that payment to potentially not count as I apply for PSLF. Shouldn't my consolidated loans be in Administrative Forbearance now?
I consolidated my daughters undergraduate loans right when Covid hit. So, I guess I'm not eligible for this loophole..with one Direct Consolidated Loan now. So, can I take 2-3 classes, take out small Federal loan..then use these two for loophole? Don't want to do this if it will not help 😭 thanks!!
If all my PPL are currently with Nelnet how do I do the double loop since Mohela and Ed fin are both actually Aidadvantage? Whats my best route as to not red flag myself? Pls help😢
Same! Also wondering about that!
Wish there was a place to ask questions like this...I have paperwork ready to mail out but Idk who to send them to for this to work.
i think you can send one to nelnet and one to any of the other 3 and it should be fine @@steter12
Hi there, can I do the second loan consolidation through the paper application since the online application is now closed?
Thank you for this how-to video! We dropped our payment $400.00/ month! Your step-by-step process was easy to follow. Thank you again for putting this out for those stuck with Parent Plus Loans!
Thank you so much! This was very informative! I’m completing my applications this weekend.🤞🏽
This has been an excruciating process, but you made it a little better and have made it clearer
Thanks so much for this video. I'm almost at the finish line! However, I have a quick question. I've recently seen horror stories about those who've completed the final consolidation process with Mohela -- something about being denied because Mohela's software won't allow selection of the SAVE plan following the final consolidation. Here's my question -- I originally started with all Nelnet loans. I successfully split and consolidated them into two separate loans with Aidvantage and Edfinancial. My plan was to do the final consolidation with Mohela but now I'm hesitant. Do I have to use Mohela or could I go back to Nelnet for the final consolidation?
I'd go with different one.. they have to do it..
Mohela
This happened to me two weeks ago. I just called them after i seen my loan servicer was mohela on studentaid.gov (I didn’t get a email stating the consolidation was complete for some reason). Simply explain the situation and they will fix it and enroll you in the save plan. They explained that it’s just a glitch in the system. If the person you call seems to be new just ask to speak to a manager.
@@rickmooney5931 What happens if you choose Mohela and the loan is being processed by another loan servicer that you used before?
That doesn't matter.. aidvantage services most
Is cutoff for the loophole still July 1st, 2025? Asking because I want to wait until my 4th Parent Plus loan to post later this year [2024].
My daughter will graduate in May 2025. Should I start the parent plus loan consolidation loan process now that are currently with Nelnet?
How do I do the consolidation if I have 3 parent plus loans?
I’ll appreciate if you can explain.
Thank you Meagan McGuire for the awesome explanation of Parent Plus Loan Consolidation process. Well explained and easy to understand and follow!
Yes ! Loan was consolidated. Thank you ! Is there any way to reduce principal balance and monthly payment amount? Thanks again !
Can you double consolidate one parent plus loan?
I second this question, is this feasible?
As of May 19, 2024 Nelnet is no longer accepting Consolidation Loans.
@briyanc2138 I called them after a week of receiving my application as my tracking said it was delivered but not picked up. They eventually found it and said that to me that they are no longer processing consolidation loans as of May 19th. My application got delivered on the 21st. 😡
I originally had 2 parent plus loans. I consolidated them 3 months ago. Now I have one loan. How would I be able to consolidate that one loan I have now so I can apply for the S A.V. E. PLAN?
Thanks
I have 3 Parent Plus loans ( because my daughter was in the college for 3 years). And all 3 of them were posted to the same servicer Nelnet. How can I consolidate them ?
THANK YOU SO MUCH! This process took from October 2023 to now May 2024, went from 3 PPL’s with over 100 grand in debt, standard repayment told us $750 a month, just heard back from Mohela after FINAL FINAL step and we now only owe $300 a month. You guys saved me and my parents!
How were you able to consolidate 3 loans?
I'm still being denied to be put on Save even after the double consolidation. I've uploaded the IDR Save payment plan and was denied
We were at the final step of double consolidation with Aidvantage and now it appears that the SAVE program has been blocked by Congress. We now owe 2 months of payments that are substantial. Can we apply for the income driven plan and then reapply for the SAVE program once it is reinstated?
My daughter graduated college. My son is still in college. I have parent plus loans for both of them. Can I do the double consolidation with just my graduated daughter's loans and leave out my son's loans from consolidation? I don't want to change his loans until after he graduates. I know the loophole closes in July of 2025.
I just attempted to apply for my final consolidation after being notified that my original consolidation loans were all set. Unfortunately, there is no way to now complete the final application online. It must be printed, filled out, and mailed. I am having trouble finding the application that is shown in theRUclips. Can anyone help with this? Thanks in advance!
How can I check if consolidation is worth doing it or not? I see that you have a calculator online but what if marrital status changes from single to MFJ during the payment?
Aidvantage is currently processing loans for MOHELA and Edfinancial when I go to select third servicer for last consolidation. Since I already used Aidvantage for 2nd consolidation -should I wait before I go through with 3rd consolidation?
No
Went through this process for my dad. Still waiting the final outcome of the IDR application but your instructions were so perfectly clear! I'm the one paying back the PP loans but will help me significantly when he retires in two years!!
I have two parent plus loans, what steps do I need to take?
I'm concerned. My oldest graduates in May of 2025. Can I do this double consolidation with her loans before then? I have to take one more year out.
They have a new IDR form with the January 31, 2024 update date and it is different than the one you used in the video. I am choosing the "income-driven repayment plan" (the first box. not the SAVE or IBR or PAYE or ICR....correct?
If Nelnet is my current servicer. Can I still consolidate one with nelnet and the other with aidvantage? Or can that not be done since it my current servicer. And if I have 5 loans I split 2 and 3 correct?
Did you ever get an answer to this?
@@angelamaglaque2569Curious as well @uceshxt31
You can use your current servicer. For the first round of paper I used my current Nelnet and Mohela
Final consolidation I used Aidvantage
Just like she explains in video
You just don’t want to use a servicer twice
I have all my loans consolidated by Nelnet, can I still do the double consolidation with the other companies
Thank you great explanation and happy new year !
I'm still being denied to be put on Save even after the double consolidation. I've uploaded the IDR Save payment plan and was denied
she says you have to call them. Good luck!! please keep us updated.
I have 3 parent plus loans with the same servicer, and no other school loans. Not sure how to start, because you started with 4 parent plus loans to create 2 separate direct consilidation loans? Please help.
I had three PLUS loans with same servicer, as well. One can be sent to consolidate separately, then the other two can be combined to send to another servicer.
@@Terry-vy5ic thank you for the reply, but what are you consolidating the first one to? I have no other loans to consolidate it to. All I have is the 3 parent plus loans under the same servicer.
@studentloanplanner If my parent plus loans were already consolidated into a Direct Consolidated Loan years ago, would two consolidations still be required, or just one?
Went through this tedious process and followed your directions word for word. It was so well worth it. I went from $279 a month to $25!!! Thank you so much for this priceless information. If you're thinking about doing this, do it. It took several months but it's done. I can't begin to tell you how happy I am and how this really made this affordable for me. Thank you!!
congrats! i have one consolidation done w advantage. And waiting on nelnet. who did you choose as your final one?
Who was your original service? If my original servicer is NELNET can I consolidate with them?
I have the same question I have 2 with nelnet. So can I pick say Mohela and aidvantage for the paper applications and then at the end can I choose Nelnet for the final online application?
@@coffeecrazy70from my understanding, no, your final loans have to end at a different services you never used before. Not a professional, just what I’ve gathered,
Hope it helps!
@@lalalatwiluverlalala thank you!
What if your student loans have already been consolidated into one loan through Nelnet?
Curious about this as well...
how long does it take for the loans to settle into the 2 where you apply for the online application? where it says to select which loans to consolidate I still have two direct parent plus loans there. Its been like that since the last time I checked earlier this month.
curious did the issue resolve for you? how long overall? I'm trying to set timeline expectations for myself
Can I do this loophole if I only have one Parent Plus Loan ?
Same question
I have 1 parent plus loan, is there a way I can do this double consolidation loophole??
See minute 6:41 -littlest is 2 loans
To consolidate is to combine. I’m not sure how you’d consolidate 1 loan
Hey great video! I already did the double consolidation and when applying for final step i submitted icr repayment plan online since i didnt know about the paper income driven form.. hasnt finished yet..big deal? Didnt know if this would tip off Mohela that i wasnt. Eligible for save because they involved parent plus loans
What happened?😊
I did the double consolidation and I am not sure what I did wrong because I followed your steps. Went from aidavantge to nelnet and aidadvantage and now with Mohela. I am still at 20% of our income and not 10%. Our payment we have to pay is more than our mortgage. Any help would be greatly appreciated.
Did you submit paper application for save? There is a trick on website I tried and it let me apply directly...
Search payment plan evaluator then click on save and apply I'm hoping this works
Did you do the paper Save application after the very last consolidation step?
Just went through this painstaking process only to be told by two different reps that they have been advised this is no longer an option. All consolidations into Direct loans that used to be PP loans are now tagged as such even after consolidation, and only ICR is available. I am so bummed!
Don't give up! Was this with Mohela? I had to speak with a supervisor at Mohela after numerous other representatives failed to allow me to choose an IDR (SAVE). She recognized the problem as you described, in my consolidation, and put forth a fix. She stated as long as the last consolidation was direct loans, you are eligible for IDR options. I am now eligible for SAVE.
Can you do these consolidations if your loans are in forbearance? Also if I currently have 2 loans with Nelnet and pick 2 new different servicers for the paper applications can I then choose Nelnet for the 3rd/final online consolidation?
Thank you so much. Your instructions really helped me immensely. Thanks again!
For the final step, sending the paper IDR application & selecting the plan. i see you need to send a copy of your tax returns. if you are married, can you file married filing separate to have a lower monthly payment? This would be when selecting the SAVE program. The loan is under my name and we can file separate tax returns for the 2023 tax year if it helps lower monthly payments. thanks
This is my question as well
I have the same question and given that I had only 3 business days to respond due to weather conditions and the snail mail, I am stressing about the 10 day deadline.
Yes absolutely
i have 2 parent plus loans: i did a loan consolidation for one using a paper app w/ Aidvantage--quick and painless. Now I am doing a paper consolidation for the other one w/Nelnet and that one is moving along quickly!! Cant wait until that is done to do the final one, combining both into one new consolidated!
Hi could you please share who your original servicer was? I have 2 parent plus loans under MOHELA. I want my final consolidation to be with NELNET. Do you think i can do the first consolidation with MOHELA and the second with AIDVANTAGE?
@@angelalauer3226 hello, my original servicer was nelnet. so i had 2 parent loans under nelnet. i consolidated one under aidvantage using a paper app. and then a diff paper app to nelnet to consolidate that one. so yes i think you can do one with mohela and the other one with aidvantage. the only thing that is strange in that is that they are both serviced through aidvantage. but everyone says it is okay and will go to 2 separate places in the end.
@@angelalauer3226 my original servicer was nelnet. and i did my first 2 consolidations with Aidvantage and Nelnet.
I have two parent plus loans. Can I consolidate a single loan?
yes
What if I sent my only two parent plus loans to one servicer and now they are consolidated. Is there anything else I can do to qualify for SAVE still? I believe I’m over the reversing period. Would you suggest ICR as the next best option?
We are on paper IDR step application, got 3 PP loans into 1 final servicer (Mohela) no issues so far besides being patient. We have been working on this since October 2023. Fingers crossed this final step works!
How do you bundle the loans when there are 3?
At the end of the process, if the original Parent PLUS loans were for undergraduate school, will they qualify for the 5% discretionary income rule coming July 2024?
Good question. I was thinking no but... it would be nice if that were true!
Make sure the box in the right hand corner of paper application is voided out with permanent marker. Send a letter if you want to stay with your current servicer particularly PSFL. I sent in the paper app. No one told me about the code with exp date in the right hand corner. My loan went to Edfinancial. I was at Mohela now has been a real problem getting this loan back to Mohela. Send a letter with your application who you want to stay with. Copy and send with return receipt. Please add a caveat if you are going for PSLF you must chose Mohela. They will not automatically place you back. I have now been required to resubmit my certified ECF to FSA. Definite headache things have changed
she addresses at the 30 min mark FYI!
So I went through the process and have been successful at completing the double consolidation. My only issue is that it has not opened any new repayment options. Do I need to call my servicer and tell them that I qualify for other repayment options?? Please help!!
start watching video at minute 33 for next steps
See above comment by Meagan: watch at minute 33 for next steps.
@meaganmcguire5857 hey Meagan i already consolidated two and choose icr since it wouldn't let me choose save ...my last is at mohela does this matter? It won't tip them off that I had parent plus loans in direct loan consolidation will it?
I consolidated and was tranaferred to Mohela in October 2022 (taking advantage of PSLF Waiver). Unfortunately, I didn't know about double consolidating and want to ask......If I take out a small loan in Spring 2024 as a part-time student with the intent of doing the double consolidation, how would that effect my PSLF counts?
i would recommend scheduling consultation w/ them for this question. or keep watching more of their videos for free. regardless, i scheduled consultation in april after 6 months of free research, and am glad i did. we were mostly on track, but i had made some assumptions that weren’t correct. in the end, $500 saved my parents like $45k from consultation, and overall saved us 100k+ from the strategy.
good luck!!
Megan hear anything about this being shut down? Seems like Mohela is saying they can't do it in their software and they know they are parent loans
oh no, please update us if you have any more info on this. I need to go with Mohela or Edfinancial for my last step. Neither are listed as options on line when selecting the new servicer.
My family member has a SINGLE parent plus loan. Do they use the same paper application process and "consolidate" only that one single loan to become a direct consolidation loan, then do that a second time?
Great question. I am trying to figure that out too. One parent plus and 2 direct. Hopefully someone answers one of us soon.
Can you consolidate just 3 loans instead of 4? What is the process? Thank you!
I am also wondering what the process would be if I only had 3 parent plus loans
@@dallaskirby3138 Did you find out?
I double consolidated my loans with ED and Mohela but just received a notice that Ed will be transferring my loans to Mohela. For the last step can i still do the double consolidation event though my now 2 separate loans are at 1 servicer?
I have 3 parent plus loans, I have consolidated 2 with Nelnet successfully, Do I now consolidate the the 3rd with the nelnet one and send to different servicer? or do I do an online application and request the 3rd loan consolidate with the Nelnet one?
My question exactly! Let me know please what you decide. I’m just beginning to gather information to begin process… nightmare!
I have submitted paper applications to 2 different servers. I have heard from 1 and nothing from the other. Has Nelnet stopped doing loans consolidations?
yes i just called them today - they are no longer doing consolidations
I did the same thing! I sent mine to Nelnet and haven't heard back. I have to redo the whole application now
@studentloanplanner what if I already did an online application? I can't access that information again but I want to submit the paper application. I can't seem to find the loan account numbers anywhere.
They are on student aid.gov
What if you have already consolidated the 5 loans you had into one consolidation loan under the ICR in November 2023 (because it was the only available option available or known at the time). Is there an option to somehow do something with this still?
I saw articles on it
What if there are two siblings that are consolidating two parent plus loans each? Can we not send our loans to the same providers? If my sibling sent them to EdFinancial and Nelnet, does that mean I can't now?
Hello! Been following you guys for a while and always super helpful. I have one really important questions im hoping someone can help with.
Im about to do the online 2nd consolidation. I plan on using Mohela for the PSLF servicer as my parent would apply. Im also trying to get on the SAVE program. Should I definetly still choose the "Standard Repayment" option, even though it says its not recommend for those seeking PSLF?
Thank you so much!
I don't think it matters initially
NELNET IS NO LONGER CONSOLIDATING as of 5/16/24 - Just throwing this out there so ya'll don't make the same mistake I did.
What do I put in Section 6 of the Repayment Plan Request? "SECTION 6: WHERE TO SEND THE COMPLETED FORM"? Leave it blank? Put the consolidating loan server or the present loan server?
I had my loans with Mohela for one child multiple loans. I consolidated to nelnet and aidvantage by paper and then once they consolidated I moved on to the online consolidation loan back to mohela it allowed me to chose income driven plan but not save plan. How do I get on to the save plan now?
Mail paper
I have parent plus loan for my daughter I want to consolidate the loans how can I reach you ?
You can book a consult with us at www.studentloanplanner.com/book
What if I only have three loans?
Thank you sooo very much for this wonderful video!! I was soo confused before watching this!! Thank you!!
I'm filling out the paper application, but typing in the PDF. My account numbers are 21 characters long, but the fields only accept a maximum of 20 characters. Obviously I can write them in, but copying and pasting is more accurate. Is there a known reason for the 20 character max?
I got my Administrative Forbearance Has been Applied to Your Account. Do I still wait until I hear that it's complete?
I completely,eyed this process a few years ago. I recently consolidated another set of loans to take advantage of being able to have all of the (second set) loans brought up to the same PSLF count. So I currently have 2 direct loans
Loan 1 with 45 qualifying payments that are on the Pay as you earn plan
Loan 2 is in an online consolidation process to bring all loans to the 41 qualifying payments. This loan will only be eligible for ICR plan.
Can I consolidate these together to take advantage of the loophole WITHOUT sacrificing my qualifying payment number?
Also, can I do it online since I already have the second one in progress? I am already with MOHELA for all of this and the current consolidation is with Aidvantage?
Is the deadline May 2025 or June 30 2024? Everything I'm reading states deadline is June 30th
My double consolidation is complete and I am with Nelnet. On the Nelnet site, the SAVE plan comes up as eligible, but Student Aid says I still only qualify for ICR. Now what?
When I am applying for the IDR PLan Request - My quetion is CAn I still include my child (adult) that is living with me? He is working part time,
He files his own taxes. What is the requirement for bing still part of dependent
Great info on your RUclips, by the way...thanks!!!
I just did a Direct Consolidation of my FFELs, and I understand I can only do one consolidation every six months.
If I ONLY have 2 PPLs with Nelnet, should I do a double consolidation by paper by sending each PPL to a different servicer, or should I combine the two and send them to one servicer by paper?
I was told by Edfinancial that Aidvantage processes all the consolidations, but then the loan would be held by who I requested-Edfinancial. Now that they no longer follow the original request, I am concerned about sending both consolidations now held by Aidadvantage for double consolidation to MOHELA since Aidvantage processes all of them. Why would they follow my request when they didn’t a few weeks ago. I thought they needed to be held at different services to complete the consolidation. Will I need to wait 120 days to consolidate the second time?
I have completed the first consolidation of the double consolidation process. However, since the July 18 Court Ruling, there is a stay in place and the Student Aid website has turned off the ability to submit an online application for Direct Consolidation. Is there another way to be able to see what your loan number is? I have called Student Aid directly a couple of tines and have been told that I have to contact my loan servicer for the loan number. Each of my loan services shows only an "Account Number" which I know is different from the "loan number". The second consolidation must now be done through a paper application since the online application is turned off at this time. Student Aid has assured me that I can use the service "account number" on my consolidation application. Anybody else having this issue locating a Loan Number?
I have already consolidated into one loan. Is there a way to undo this? Or still do this loophole?
I have the same question and see it throughout this thread with no response! So frustrating!
Same here!@@cmaclin1
NO UNLESS YOU HAVE ANOTHER LOAN THAT HAS NOT BEEN CONSOLIDATED AND IS ELIGIBLE TO BE CONSOLIDATED
I printed out the Repayment Plan Request for FFEL consultation. Was it correct to check standard? I’ve been reading on Reddit SAVE should be the option. I hope my application is ok.
My parents’ Parent Plus loan is on the graduates extended program will the amount never change until the loan is paid off or discharged? The payment is $447/month. We’ve been paying for 10 years (I am solely paying back for them now). I am trying to figure out if I should consolidate them or keep it how it is. I believe their payment on graduated extended is lower than what is would be if it was going based off my dads income right now but my parents are old and about to retire and only be on social security. Do I need to get them into ICR to lower the payments once on social security? And I am also looking into the double consolidation but I am worried that it will change the way the loan is? I hate thinking about this but… Would it still be discharged due to disability/death? Or would I (the student) have to take over the debt responsibility? If anyone can help I would really appreciate it!
Great video, thank you so much! I'm the loan owner for multiple (more than 4 loans) parent plus loans. Can my references for the paper consolidation form, be my 2 adult children? They both live separately from me but are the ones i took out the loans for. They each have their own student loans also.
Again, I'm so glad I found your page.
I just consolidated 6 Parent Plus loans 2 days ago. Can I go back and do the double consolidation today? I’m also planning on applying for the PSLF program bc I’m a teacher. Will that prevent me from getting the double consolidation repayment plans?
Hi, I can't find the most up to date paper form. When I google, I only get the 2022 form, please help.\
I consolidated 1st kids parent plus loan, 7 years later when my 2nd kid graduated - I consolidated PPL again and it included the 1st kids consolidated loan - it doesn't look like I am eligible for SAVE with my administrator, is there any way to get around this now?
Hi, we have followed all steps. On the repayment plan request, bottom of page 2 ,section6, we do not know what to fill in here. Can you help with this section?
Hi, thank you for this info! Any idea of what credit rating is needed for the student to consolidate?
The third example is my situation. I am just worried about losing my 5 years of repayment towards pslf on my loans if I consolidate with the parent plus loans. Would this happen?
Thank you for making this video. I have one question, I will be doing Example # 3, when doing the paper application do I list Stafford loans on the loans I do not want to consolidate?
I have a direct consolidated loan (from Parent Plus loans) for one of our two kids. I did this way before I knew about double consolidation. I also have one separate Direct Plus Parent loan that was not consolidated for some reason. My wife has our other child under a separate but same type consolidated loan. We file taxes jointly and live in same household with one income from me. Is there a way we can consolidate both now consolidated loans into one under my name? I assume it would then be double consolidated. Thanks!!
What is the recommended service provider choices if your Direct Parent Plus loans start with Aidvantage? Should the first, paper applications go to Aidvantage and Mohela so the final consolidation can be with Nelnet, or is there another formula that is more guaranteed?
My husband has 6 loans Parent Plus Loans with Nelnet and I have 3 Direct Parent PLus Loans. I watched your video and can't wait to apply to consolidate for a lower payment. How many paper applications and online applications? Do I need to change the already Direct Parent Plus loans. How would I incorporate them into one loan?
Hi! Can a PP loan that is in deferment be included? I am currently paying on 8 PP loans but my son is still in college and I have 2 loans that are in deferment. Thanks.
if the orginal 4 direct plus loans are with one servicer (say ed financial) can one the consolidations be with that same loan servicer? Say loan 1+2 consolidate with edfinancial and loans 3+4 with mohela. or should you make sure to use 2 different borrowers from your original loan servicer?