In this episode we walk you step by step through using a paper Direct Consolidation Loan application to pursue the Double Consolidation loophole for Parent Plus loans.
Using this loophole before it expires in July of 2025 can turn Parent Plus Loans, which are only eligible for one Income Driven Repayment plan - the Income Contingent Repayment plan - into a Direct Consolidation loan that is eligible for any repayment plan.
EPISODE RESOURCES
Direct Consolidation Loan Application
Income Driven Repayment Plan Application
Consolidation Instructions + Loan Codes
Student Loan Servicer Contact Info
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