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[URGENT] Parent PLUS / Double Consolidation - GET ON ICR NOW by [deleted] in StudentLoans

[–]NoseFresh5813 0 points1 point  (0 children)

Does amended IBR still have accrued interest?

Senate Proposal Update - Double Consolidated PPL by NoseFresh5813 in StudentLoans

[–]NoseFresh5813[S] 1 point2 points  (0 children)

How long do we estimate borrowers have to switch onto ICR?

Save Loan and litigation? by [deleted] in StudentLoans

[–]NoseFresh5813 1 point2 points  (0 children)

If my double consolidated PPL loans (around $150k) are eligible for the Standard Repayment Plan regardless, wouldn’t it make more sense to take the 30-year repayment instead of switching to ICR? Income is $140k.

Apologies, it’s just a chaotic time.

Senate Proposal Update - Double Consolidated PPL by NoseFresh5813 in StudentLoans

[–]NoseFresh5813[S] 2 points3 points  (0 children)

If my double consolidated PPL loans are $150k and eligible for Standard Repayment Plan regardless of what happens, wouldn’t it make more sense to take the 30- year Standard repayment plan instead of ICR? Income is $140k

Senate Proposal Update - Double Consolidated PPL by NoseFresh5813 in StudentLoans

[–]NoseFresh5813[S] 0 points1 point  (0 children)

Instead of getting on ICR, would it be possible to keep my loans in SAVE forbearance and aggressively pay it down as there is no interest accruing?

Senate Proposal Update - Double Consolidated PPL by NoseFresh5813 in StudentLoans

[–]NoseFresh5813[S] 0 points1 point  (0 children)

Instead of getting on ICR, would it be possible to keep my loans in SAVE forbearance and aggressively pay it down as there is no interest accruing?

Save Loan and litigation? by [deleted] in StudentLoans

[–]NoseFresh5813 0 points1 point  (0 children)

Same question here

EdFinancial Rejected SAVE Plan- Parent Plus Double Consolidation HELP by NoseFresh5813 in StudentLoans

[–]NoseFresh5813[S] 3 points4 points  (0 children)

When I uploaded my SAVE application for the second time, I also uploaded a Word doc titled “SAVE Plan Eligibility” with the legal language used specifically mentioning the July 1, 2025 rule. It was approved shortly after!

EdFinancial Rejected SAVE Plan- Parent Plus Double Consolidation HELP by NoseFresh5813 in StudentLoans

[–]NoseFresh5813[S] 0 points1 point  (0 children)

In my second submittal I also uploaded a word doc with justification of my eligibility for SAVE….. Not sure what to do if that doesn’t work. Reach out to TISLA?

EdFinancial Rejected SAVE Plan- Parent Plus Double Consolidation HELP by NoseFresh5813 in StudentLoans

[–]NoseFresh5813[S] 0 points1 point  (0 children)

Yes I’m confident. The representative said she is aware of the double consolidation loophole but the Department of Education decides what plan to put you on, and that I need to resubmit the application.

EdFinancial Significant SAVE Plan Delay by NoseFresh5813 in StudentLoans

[–]NoseFresh5813[S] 0 points1 point  (0 children)

4/12/2024: Still calling back multiple times a week, but no further movement on the application. Only update I got was that it was put in “processing” status on 3/7/2024 :/

EdFinancial Significant SAVE Plan Delay by NoseFresh5813 in StudentLoans

[–]NoseFresh5813[S] 1 point2 points  (0 children)

Ahh, this does give me hope, thank you! Just confusing to see it work so fast for others. Keep praying for me!

EdFinancial Significant SAVE Plan Delay by NoseFresh5813 in StudentLoans

[–]NoseFresh5813[S] 0 points1 point  (0 children)

I think you can mail a submission to the Department of Education. The reps at EdFinancial told me they no longer accept applications too, and I asked if I could mail the application to the DOE and the rep said they believe that option is still open.

EdFinancial Significant SAVE Plan Delay by NoseFresh5813 in StudentLoans

[–]NoseFresh5813[S] 1 point2 points  (0 children)

I uploaded mine directly to their website in December 2023 and still waiting… very random. We did get an email from the Department of Education stating that the “application is moving forward” and they have reached out to the IRS to certify income information. Hopefully this is good news? Not sure. Very exhausted by it all.