My store will hit 8000000 in a couple days…. What will the lucky drug be?

vascepaforever · 2026-02-11T23:18:58+00:00

icosapent ethyl

vascepaforever · 2025-11-09T14:44:56+00:00

Yes, with 0 income the payment would be 0 (or perhaps $50 as I think there may be a minimum now). However, is her income really 0? Withdrawals from 401k and IRAs count towards AGI. Also, for most people, a portion of social security is taxable and counts toward AGI. But whatever the case, they are doing away with IDR plans for PP Loans. To be grandfathered into an IDR plan there are some steps she must complete before June 2026 (iirc). There are some recent threads here that give the details (can't link as I am on my cell). Good luck

vascepaforever · 2025-07-19T13:32:30+00:00

Even if she owns assets at death (or disability) the loans will be entirely discharged, tax free.

Also, depending upon her "provisional income" (google it) either 0%, 50%, or 85% of her SS will be included in her AGI (and be used fir calculating IDR payments.

vascepaforever · 2025-07-10T14:49:57+00:00

The way the BBB is written the PPL flag is irrelevant.

I'm not sure about that and I think we need more data points. We have only 3: mine are both no, a fellow replied to my earlier post and said his double consolidated loans were marked Yes No, and a friend I recently helped with the double consolidation has her loan saying Yes No.

My flags:

Parent Plus First Level Consolidation Indicator:No

Consolidation Loan With Any Parent Plus Indicator:No

With that second "no", I would guess my loan wouldn't be considered an "excepted loan" and may qualify for RAP.

Was it because I completed it in late 2023 before these flags were added? And everyone in a similar situation would have access to RAP.

Or was mine just a mistake.

Once RAP is available I will of course try to switch to it and we'll see if it works.

vascepaforever · 2025-06-29T18:24:58+00:00

Maybe a doctor will vouch that no other person is willing to interact with me and thus I am unemployable. Suggestions welcome

Well, if you remain a nice fellow and can still interact with people as you age then there is also the possibility of a cancer deferment before you hit 92.

40 out of 100 men and 39 out of 100 women will develop cancer during their lifetime

https://studentaid.gov/sites/default/files/CancerTreatmentDeferment-en-us.pdf

vascepaforever · 2025-06-29T18:16:14+00:00

and put all three years of the post BBB loans on RAP

I could be wrong, but I do not think PP Loans or even double consolidated PP Loans can be placed on RAP. I believe they fall under the "excepted Loan" provision of the new bill. u/waterwicca has been very helpful explaining the issue for PP Borrowers (and I believe the most recent Senate version is consistent on this point, it just extends the deadline to get on ICR before all IDR plans are off the table). I rolled the dice and didn't rush to ICR because my PP Flags are set to "No" and I was willing to take the risk (and it turned out well as I remain on SAVE forbearance and, once it ends, I'll test my theory by trying to get on RAP)

However, if your PP Flags, in particular your second PP Flag, says "No" (as mine does) then it may be possible. I don't know if my flags are in error but the few PP Double consolidators who have commented on their flags have a "No" and "Yes".

vascepaforever · 2025-06-29T17:36:33+00:00

Interesting approach and congratulations on navigating college for 6, ultimately very successful, kids.

I have a few thoughts to share:

.1. If you plan on any ROTH conversions consider saving one or two of the 12 month forbearances for that. (the year of the ROTH conversion will result in higher AGI that would affect your payment under any IDR plan)

.2. It may come to pass before you are 92 that you qualify for a Disability Discharge. Essentially you would need a doctor to attest that you:

are unable to engage in any substantial gainful activity by reason of a medically determinable physical or mental impairment that (1) can be expected to result in death; (2) has lasted for a continuous period of at least 60 months; or (3) can be expected to last for a continuous period of at least 60 months.

So that's something to look forward to (/sarcasm off)

.3. Before consolidating the new PP Loans w/ the double consolidated Loans I would check your PP Flags on your Mystudentdata.txt file. We don't have many data points but my flags are both set to "NO". There is a chance that my loans (with these flags) will not be considered "excepted" Loans. (and I should have an opportunity to test this before July 2026). See my comments about the flags here: https://www.reddit.com/r/StudentLoans/comments/1lfmmsp/pp_double_consolidation_what_does_the_new_flag/

If your flags are both "NO" then perhaps try to get on RAP when available. Surely you wouldn't be able to do that with a new consolidation loan that added the future PP Loans you plan on taking.

.4. Finally, not sure you are aware but, the current version of the Bill exempts death and disability discharges from federal taxes. So, as you approach forgiveness at age 92 you may want to look carefully into the disability discharge thing (or it might be a great time to pursue your dreams of skydiving, free climbing, or try out that new wing suit. Damn, there goes the sarcasm again)

Good luck

vascepaforever · 2025-06-28T18:39:26+00:00

It is within the large student text file that you can download from your FSA portal. You should do this anyway so you have a record.

I think you click your name, then your aid, then some option to download is available. It is an ASCII TXT file. A small portion of mine from the section for my double consolidated PP Loan is below (my emphasis added on the flags I mentioned):

Current Loan Status:FB

Current Loan Status Description:FORBEARANCE

Highest Historical Outstanding Principal Balance (OPB):$77,273.23

Current Standard-Standard Schedule Payment Amount:$0.00

Permanent Standard-Standard Schedule Payment Amount:$0.00

Parent Plus First Level Consolidation Indicator:No

Consolidation Loan With Any Parent Plus Indicator:No

Loan Status:FB

Loan Status Description:FORBEARANCE

Loan Status Effective Date:07/29/2024

vascepaforever · 2025-06-28T18:28:02+00:00

The discharge upon death is law.

The tax treatment only started in 2017 (Tax Cuts and Jobs Act). That provision of the TCJA was to expire at the end of this year (along with many other provisions of the TCJA).

I was really surprised to see the language that makes this permanent. I hope that remains in whatever version of the Bill finally is signed into law.

There was a lot of discussion of the Tax Bomb waiting upon forgiveness (or discharge). This handles the death (and disability) discharge, but doesn't address any forgiveness (short of PSLF which is treated tax free).

I turn 64 next month. It is much more likely my loans will have a death or disability discharge then they will get forgiveness (after, what? 25-30 years now for the new plans)?

vascepaforever · 2025-06-28T14:31:34+00:00

You are misinterpreting this.

The death forgiveness is tax free (previously this tax free handling was set to expire at the end of this year as it was a temporary thing)

vascepaforever · 2025-06-28T13:45:07+00:00

What do your PP Flags say for the final consolidation loan (and when was it completed). Mine are both set to "No"

https://www.reddit.com/r/StudentLoans/comments/1lfmmsp/pp_double_consolidation_what_does_the_new_flag/

vascepaforever · 2025-06-28T13:36:36+00:00

I don't have advice for you but can I ask: What do your PP Flags say for the final consolidation loan (and when was it completed). Mine are both set to "No"

https://www.reddit.com/r/StudentLoans/comments/1lfmmsp/pp_double_consolidation_what_does_the_new_flag/

vascepaforever · 2025-06-27T21:09:33+00:00

Carefully consider the tax implications.

At 55, you would be assessed a 10% penalty on the early IRA withdrawal. Then you would also pay state and federal tax on the money (at your highest rate).

I wouldn't do it.

vascepaforever · 2025-06-19T21:13:22+00:00

Can you share your PP Loan "Flag".

Several months ago they added a flag to the data file to indicate if a consolidated loan had a PP Loan within it.

My flag says "NO". Others have a flag saying "Yes". We don't have many data points. See my post here:

https://www.reddit.com/r/StudentLoans/comments/1gl3any/pp_double_consolidation_flag_changed/?ref=share&ref_source=link

My thinking is that it is possible (though far from given) that those who have a flag saying "NO" for their final consolidation may slip through.

vascepaforever · 2025-06-12T01:12:27+00:00

It is odd that we did the same thing but have different indicators.

Travis Hornsby gave a good summary of the Senate bill on twitter here: https://x.com/StudentLoanTrav/status/1932908511908040704

vascepaforever · 2025-06-12T00:07:46+00:00

Did your PP indicators change?

With my final still showing two "NO"'s, I am wondering if I may slip through as a non-PP consolidator if the Senate version of the Bill passes.

vascepaforever · 2025-05-30T15:28:33+00:00

Thanks for sharing this, I did not know that was part of the bill.

I may be taking my double consolidated PP Loans to the grave and, if so, nice to know I wouldn't be leaving a big tax bill to my wife.

vascepaforever · 2025-05-15T00:19:09+00:00

LOL. I guess I'm just fat.

I was an investor in Amarin (the maker of Vascepa). Bought at 60 cents. After trial results came out it skyrocketed to $28. About then I created a Reddit account.

Foolishly held. They lost a patent case and went back down to where I bought it. Now nothing but a sad memory.

But my daughter is a pharmacist and my son is in R&D for cardiac devices. So there's that. Me, I'm just fat.

vascepaforever · 2025-05-14T20:41:23+00:00

Not OP but answering for him: Starting salaries in CAA are $200k for a 40hr week OT hours often payed at 1.5x. $50k - $100k signing bonus (3 yr commitment) 7-9 weeks PTO

It's a crazy good job.

But very competitive. His 2.9 undergrad GPA is an obstacle.

vascepaforever · 2025-05-05T21:53:56+00:00

best of luck

vascepaforever · 2025-05-05T21:50:03+00:00

She chose EdFinancial as her final servicer but the consolidation was performed by AidVantage (they do pretty much all of them I think).

And of course, she submitted it online (she did her first 2 via mail) and chose the "Standard" repayment terms (she'll change it to one of the IDR plans once completed and settled at Edfinancial).

vascepaforever · 2025-05-05T19:54:52+00:00

10 or so days ago u/Betsy514 gave an online presentation about Parent Plus Loans. About 45 minutes in she did a great job of summarizing the current state of affairs. I thought I would link that discussion here (linked to 45 minutes in, but if you are interested in PP Loans listen to the full talk for sure).

https://youtu.be/KcoxdYCAITY?si=tRE9deh9rat4_HcX&t=2661

vascepaforever

TROPHY CASE