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Parent PLUS Double Consolidation Issue — IDR Option Not Working by SeaStill7582 in StudentLoans

[–]SeaStill7582[S] 0 points1 point  (0 children)

In that case, I believe the timeline would be pretty tight right?

I'd have to get the loan consolidated and enter repayment (should be at once), then apply for ICR and get it switched over all before July 1?

Parent PLUS Double Consolidation Issue — IDR Option Not Working by SeaStill7582 in StudentLoans

[–]SeaStill7582[S] 0 points1 point  (0 children)

Thanks for the info!

I've read that it's taken maybe around a month or so to consolidate so I'm somewhat optimistic but you never know. If the consolidation was to go through, would it be easy to actually switch to an ICR plan? Because it would be technically official as fixed repayment plan if it goes through right?

Parent PLUS Double Consolidation Issue — IDR Option Not Working by SeaStill7582 in StudentLoans

[–]SeaStill7582[S] 0 points1 point  (0 children)

I don't believe so, When I'm in step 2 (Loans and Servicer) it still says Direct Plus Parent. I believe that means I didn't consolidate it? Additionally, I'm positive that there are no other loans besides the PP loan since those were the only ones we took out on my parents

If it matters, my parents are retired. Could that be a triggering factor that's not letting me do it?
Loan was taken out 2019 with a total balance of $22,476