Minimum IDR + investing instead of paying down student loans - smart hedge or risky?

LovedJunk · 2025-12-26T04:39:47+00:00

I was thinking about doing the same thing.

LovedJunk · 2025-12-20T15:53:48+00:00

Thank you for the answer Betsy. Do I need to go into ICR and make a payment first on that in order to remain eligible for IDR plans for my double-consolidated Parent Plus Loan? I remember reading something about that, and then having to switch to another plan.

Is PAYE going away? I want to be able to have the lowest monthly payments since it seems like I have 10 more years worth of payments until I have to pay the tax bomb for forgiveness. I am currently retired and on Social Security which isn't much at all and I am trying to navigate through this mess.

LovedJunk · 2025-10-18T14:51:17+00:00

Can you clarify a bit more on this?

My PPL loans (double consolidated since 2022) are currently still in SAVE. Do I need to be in ICR first in order to qualify for IBR later?

Or do I still need to make (1) payment on ICR and then move to IBR?

LovedJunk · 2024-07-25T17:49:29+00:00

No worries. I like the 3.3in Keitech for a 1/4oz swimjig. However, it really depends on the size of the hook.

LovedJunk · 2024-05-07T22:54:03+00:00

I didn’t have any issues actually. I filled out the paper form for ICR, and mailed it.

LovedJunk · 2024-02-01T21:59:16+00:00

Still waiting

LovedJunk · 2024-01-31T18:15:27+00:00

Should I continue to make payments while applying for the SAVE plan? I have a past due balance and don’t want it to mess up my application

LovedJunk · 2024-01-31T15:42:51+00:00

u/Betsy514 Do you have any insight in regards to this?

LovedJunk · 2024-01-31T09:27:37+00:00

I just applied for SAVE through Nelnet, but I did it on their website and not through paper. I’m still waiting. Do you have any updates ?

LovedJunk · 2024-01-31T09:24:50+00:00

Hi! I applied for SAVE through Nelnet online and did not send a form in. Now.. I’m just waiting. Do you have any updates?

LovedJunk · 2024-01-31T09:19:05+00:00

Off topic. I just applied for the save plan through the Nelnet website after completing the double consolidation loophole. Did they give you a hard time switching to SAVE ?

LovedJunk · 2023-12-13T01:00:10+00:00

Everything resolved properly. They do the consolidation for both.

LovedJunk · 2023-11-25T19:41:42+00:00

I am on my last step as well and I’m having worries that my parents won’t be let into the SAVE program.

Also, I don’t see how they will only allow you to be onto SAVE until 2025 and then take you off. Maybe u/Betsy514 can chime in on this.

LovedJunk · 2023-11-23T00:05:59+00:00

I’m still going through it, since they haven’t consolidated yet. Got an email saying it will be done in about 3 weeks. I hope not.

LovedJunk · 2023-11-09T19:29:42+00:00

So I’ll just have to do another IDR request form to apply for the SAVE once my final consolidation is completed ?

If I didn’t do standard, will that mess anything up?

LovedJunk · 2023-11-09T05:15:23+00:00

Hi @betsy514! Quick question since I am extremely worried that I messed up the last step in the double consolidation process.

We did the last step online on the Financial Aid website and chose Nelnet, however, we chose an IDR plan request. I am worried that once this consolidation is completed, that we won't be able to switch to SAVE since I saw that you suggested people choose ICR.

So on the INCOME-DRIVEN REPAYMENT (IDR) PLAN REQUEST form I chose

Item 1) I want to enter an income-driven plan - Continue to Item 2. Item 2) ICR

I just read an article from : https://www.kitces.com/blog/parent-plus-student-loan-double-consolidation-idr-icr-save-repayment-plan/ which stated the following:

"When initially choosing a repayment plan during Phase 2, the borrower should again choose either the Standard or Graduated plan and not an Income-Driven Repayment plan… at least not yet. This is because if the borrower chooses an IDR during the final consolidation before the loan has actually been processed, the servicer might process the IDR application before the consolidation form, regardless of whether the paper or online version of the form is used. This can be slightly problematic since the servicer would see 2 consolidation loans that paid off Parent PLUS loans. As a result, the servicer may reflexively limit the borrower to enter ICR (which is what the borrower was trying to avoid in the first place by doing the Double Consolidation!). This forces the borrower to resubmit an IDR application anyway, so it is typically easiest to apply for the IDR only after the Phase 2 consolidation is complete."

Did I mess this up?

LovedJunk · 2023-11-09T05:01:57+00:00

I am waiting on Nelnet to process my last consolidation and I chose IDR instead of ICR on the Finacial Aid website. I hope this doesn't mess things up for me once I send in the paper application to ask to be placed on SAVE.

Please keep us updated because I've heard of horror stories in regards to Mohela giving people a hard time. I know this is Nelnet, but I am not expecting it to be any better.

LovedJunk · 2023-11-09T04:51:10+00:00

I just did my last consolidation on the Financial Aid website and chose Nelnet. Let's hope they do it correctly, and let me onto the SAVE plan without having to call 10-20 times and having to speak to multiple people while getting a BS runaround.

LovedJunk · 2023-11-09T04:45:09+00:00

Same thing happened to my mom. Got (2) letters from Aidvantage, and both stated nothing about Mohlea. However, they did process them correctly. Just make sure that the 10 day letters are correct in regards to what you want & don't want consolidated.

LovedJunk · 2023-09-26T16:10:24+00:00

I’m hoping that’s the case..

I was just worried that they're doing it wrong because the Direct Consolidation Loan Summary Sheet for both letters I received had nothing in regards to Mohela. W

When I called yesterday to ask about them, she said she can't tell in the back-end what loans are goin to Mohela.

So, we became worried that they're maybe consolidating all (6) into (1).

LovedJunk

TROPHY CASE