Parent PLUS Double Consolidation Loophole | Pay 10% of Your Income Instead of 20%

[@keithm.9726]

Followed your instructions to the letter and just received my new payment amount from Aidvantage. Went from 4 loans to two to one. Making sure to use paper applications. Total loan balance 162k with a salary around 140k. Payment dropped from $1100 to $560. When I retire it should drop even further. So happy and thanks so much for your help! 🙏🙏🙏

[@StudentLoanPlanner]

Thanks for sharing, Keith! Our team is happy to help.

[@denisesteinwachs6348]

Thanks for sharing! My payment is 1100. Will be ecstatic it goes to half that! On my third and last step now!

[@denisesteinwachs6348]

Did you have to fight for it?

[@keithm.9726]

@@denisesteinwachs6348 Good luck! 🙏🙏🙏

[@keithm.9726]

@@denisesteinwachs6348 Not at all. Never had to even talk to anyone.

[@hi1mbob12E3]

Went through this tedious process and followed your directions word for word. It was so well worth it. I went from $279 a month to $25!!! Thank you so much for this priceless information. If you're thinking about doing this, do it. It took several months but it's done. I can't begin to tell you how happy I am and how this really made this affordable for me. Thank you!!

[@KMarieLaVigna]

congrats! i have one consolidation done w advantage. And waiting on nelnet. who did you choose as your final one?

[@angelamaglaque2569]

Who was your original service? If my original servicer is NELNET can I consolidate with them?

[@coffeecrazy70]

I have the same question I have 2 with nelnet. So can I pick say Mohela and aidvantage for the paper applications and then at the end can I choose Nelnet for the final online application?

[@lalalatwiluverlalala]

@@coffeecrazy70from my understanding, no, your final loans have to end at a different services you never used before. Not a professional, just what I’ve gathered, Hope it helps!

[@coffeecrazy70]

@@lalalatwiluverlalala thank you!

[@livingthesummerlifex]

I should have started this months ago but working on it now and really hoping I get it done by the deadline. Thank you!!!!!

[@kathleenmanzolillo6531]

I am filling out the paper applications now, do you think I will have time before the loophole closes on 7/1/25

[@melaniegh3gxhorsman626]

Your video on double loophole consolidation is the best one I've seen so far. I appreciate you going line by line. It made so much more sense to me as I went through the process. Thank you!

[@krissieflores9475]

What servicers did you use?

[@xladylilithx]

I have just been approved for the SAVE plan after successfully completing the double consolidation process. I cannot say enough good things about the beautiful people on this site. Your calm, clear, concise and reassuring directions brought me through a very stressful time. You are helping so many and deserve high praise for your efforts. Thank you!! ❤

[@pdf6507]

Hi can you tell me if you sent a paper plan and when and to who? EF is giving me the run around. Saying they can no longer process paper applications for repayment plans (the final step) as of March 1st. They say it can only be done online at student aid.

[@KMarieLaVigna]

that is great! i just recd my final consolidation. getting ready to do the save app--how did you apply for save? paper app mailing in or faxing in?

[@chrislabish]

@@KMarieLaVigna I uploaded pictures of a paper application, including my 1040 tax form. I believe the loan servicers have that option, I did mine with Mohela.

[@KMarieLaVigna]

@@chrislabish i just did the same yesterday, uploaded the paper app to mohela! And i included page 1 from my 1040 tax form. Fingers crossed mine goes as smoothly as yoursl!! How long did it take mohela to finalize it for you?

[@chrislabish]

@@KMarieLaVigna It wasn't real smooth. It took over two months after submitting the application because they wouldn't approve SAVE at first, and put me on a traditional IDR plan with super high payments. I had to insist that I qualified for SAVE. After talking to a supervisor, who agreed I was eligible, it took another month and three more phone calls:( Bottom line: Don't give up, don't get discouraged, and advocate for yourself! Be polite but firm. Hope all goes well.

[@phildittrich4361]

Perfect timing. I was in the final step of this last night, doing the last online consolidation step, and noticed the new website was different, didn’t allow the SAVE plan.. was panicked 😱. Decided to pause my progress and check back with y’all. Glad to know you’re already aware & that we can continue to count on your team to teach us moving forward :) Thx again from Detroit

[@nassimagahrules]

did you figure it out? it still doesn't let me choose SAVE

[@rickmooney5931]

She's saying send the paper one for repayment plan

[@phildittrich4361]

29:08 is the final step online. No I didn’t get to that one yet. What I did was really a bandaid, so criticize / improve as you see fit, but I paid a nelnet late fee to get in good standing, and then submitted request to them for ICR plan. I thought it already was ICR, and now it is. No payments (my parents are broke :/ ). The other servicer has one ICR consolidation loan as well. I figure for now, that gets me into good standing for the year, and then, since everything changes weekly, I have roughly 6-8 months to do the final step. No rush. If you are just starting out tho, be sure to give yourself six months! And good luck! Keep us posted

[@phildittrich4361]

Update. I’m still waiting things out for now, haven’t done final consolidation yet (have one at aid and one at nelnet. Deadline end of year). Anyways My parents went from monthly payments of $750+ they cannot afford, possibly risking soc sec being garnished if no resolution, to now $0 / month because they qualified for income driven this whole time. Really appreciate you and your efforts and this community. If anyone’s reading this. I did a consultation and it was worth it. Cheers

[@reneem.4725]

@@phildittrich4361 Thank you for sharing this! I'm on the parent plus loan now but I thought it was not eligible for income driven payment plans? Can you share who you have your consultation with? Mohela's customer support is awful.

[@ShellyMcCowen]

Thank you for this how-to video! We dropped our payment $400.00/ month! Your step-by-step process was easy to follow. Thank you again for putting this out for those stuck with Parent Plus Loans!

[@livingbeyondlimitsreneenadja]

I just finished the consolidation of the two servicers!! Now I only have one loan servicer!! Honestly it didn't take long at all. Uploading the idr form today! Im already contemplating a win!! Will be back for an update but thank you to you and your team! Great help!!❤❤❤

[@krissieflores9475]

What servicers did you use?

[@Mark-vk8jl]

Great video and detailed instructions. I followed the instructions exactly and my payments went from $600 to $0!!!! It is definitely a process but well worth it!! I started the application process in December 2023 and got notice yesterday I was approved for SAVE. Thank you very much!

[@katherinecoronado2416]

Who do you send the SAVE application form to after both consolidations are done?

[@MikeIsherwood]

Did everything from your video, took 3 months but it worked. Wonderful daughter dropped a $125.000.00 loan in my lap great kid.Loans started out at $1149.36 after 4 were consolidated into 2. then became 1 loan payment went to $852.00, then the loophole just like you said now ICB $148.52.Quite a bit of paperwork and a few phone calls after reclassification, but it works. Amazing information, followed your information to the T and it actually worked. Thank You, 4 loans into 1 and it's like magic. Thanks Again

[@AlyssaMcCay]

THANK YOU SO MUCH! This process took from October 2023 to now May 2024, went from 3 PPL’s with over 100 grand in debt, standard repayment told us $750 a month, just heard back from Mohela after FINAL FINAL step and we now only owe $300 a month. You guys saved me and my parents!

[@deneenburke5371]

How were you able to consolidate 3 loans?

[@emmarudd3874]

Went through this process for my dad. Still waiting the final outcome of the IDR application but your instructions were so perfectly clear! I'm the one paying back the PP loans but will help me significantly when he retires in two years!!

[@KMarieLaVigna]

i have 2 parent plus loans: i did a loan consolidation for one using a paper app w/ Aidvantage--quick and painless. Now I am doing a paper consolidation for the other one w/Nelnet and that one is moving along quickly!! Cant wait until that is done to do the final one, combining both into one new consolidated!

[@angelalauer3226]

Hi could you please share who your original servicer was? I have 2 parent plus loans under MOHELA. I want my final consolidation to be with NELNET. Do you think i can do the first consolidation with MOHELA and the second with AIDVANTAGE?

[@KMarieLaVigna]

@@angelalauer3226 hello, my original servicer was nelnet. so i had 2 parent loans under nelnet. i consolidated one under aidvantage using a paper app. and then a diff paper app to nelnet to consolidate that one. so yes i think you can do one with mohela and the other one with aidvantage. the only thing that is strange in that is that they are both serviced through aidvantage. but everyone says it is okay and will go to 2 separate places in the end.

[@KMarieLaVigna]

@@angelalauer3226 my original servicer was nelnet. and i did my first 2 consolidations with Aidvantage and Nelnet.

[@henrylee8524]

This has been an excruciating process, but you made it a little better and have made it clearer

[@JorgeC-r9w]

Thank you Meagan McGuire for the awesome explanation of Parent Plus Loan Consolidation process. Well explained and easy to understand and follow!

[@Tricey123]

Thank you so much! This was very informative! I’m completing my applications this weekend.🤞🏽

[@AlyssaMcCay]

We are on paper IDR step application, got 3 PP loans into 1 final servicer (Mohela) no issues so far besides being patient. We have been working on this since October 2023. Fingers crossed this final step works!

[@deneenburke5371]

How do you bundle the loans when there are 3?

[@georgiacinq-mars1899]

I just finished the paper consolidations. I couldn’t find the links in the video but was able to find everything at the Student Loan website and I needed to go to the servers websites to get account numbers. I watched the video and then rewatched as I filled out each section. Give yourself an afternoon to complete the whole process. I appreciate the videos attention to detail. The process is easy once you start it.

[@georgiacinq-mars1899]

I hope that helps.

[@summerbeauts]

With Nelnet no longer processing consolidations as of 5/16/24, Would it be possible to get a video update with instructions on how to do the double consolidation without using Nelnet please? I understand it will be a longer process but it’s better to get started now so we can possibly beat the July 2025 loophole cut off. My current loans are with ED financial and I’d like to start the process right away.

[@summerbeauts]

kzbin.info/www/bejne/hpyZpp6Nid6ZoK8si=jhDn6YWkqXBR0nL3 Check out this video and take a look at the comments, someone called Nelnet 9 days ago and received this information about the 5/16 cutoff date for Nelnet consolidation.

[@jcw2461]

Great info! My question is regarding Administrative Forbearance. I had 5 parent loans with Mohela. I overnighted the 2 separate paper consolidation applications 11/6/23: one to Nelnet and one to ED Financial. Nelnet is fully completed as of 12/22/23 (next payment due to Nelnet by 2/5/24). Ed Financial is still in-process and those loans still show on Mohela's website and that I need to make a payment to them by 1/9/24. When does Administrative Forbearance take place? Is that only when I do the online consolidation? I plan to pay Mohela, but don't want that payment to potentially not count as I apply for PSLF. Shouldn't my consolidated loans be in Administrative Forbearance now?

[@CarolynMulhern]

Great video and detailed instructions. Followed them exactly as given and my payments went from $600 to $0 🎉 I started this process in December 2023 and completed it today with notification that I was approved for SAVE It’s a process to say the least but well worth it in the long run

[@shellyallison]

I consolidated my daughters undergraduate loans right when Covid hit. So, I guess I'm not eligible for this loophole..with one Direct Consolidated Loan now. So, can I take 2-3 classes, take out small Federal loan..then use these two for loophole? Don't want to do this if it will not help 😭 thanks!!

[@esleyb4]

I have two parent plus loans, what steps do I need to take?

[@kathleenmanzolillo6531]

Is it advisable to start this process as of today ? I am concerned that it won't make it by the 7/1/25 deadline

[@girlsgamessports14]

Thank you great explanation and happy new year !

[@troubledsole9104]

Thank you so much. I am just looking into this whole thing and your instructions are extremely helpful.

[@gveitinger]

Just went through this painstaking process only to be told by two different reps that they have been advised this is no longer an option. All consolidations into Direct loans that used to be PP loans are now tagged as such even after consolidation, and only ICR is available. I am so bummed!

[@chrislabish]

Don't give up! Was this with Mohela? I had to speak with a supervisor at Mohela after numerous other representatives failed to allow me to choose an IDR (SAVE). She recognized the problem as you described, in my consolidation, and put forth a fix. She stated as long as the last consolidation was direct loans, you are eligible for IDR options. I am now eligible for SAVE.

[@steter12]

If all my PPL are currently with Nelnet how do I do the double loop since Mohela and Ed fin are both actually Aidadvantage? Whats my best route as to not red flag myself? Pls help😢

[@kristinwade9873]

Same! Also wondering about that!

[@steter12]

Wish there was a place to ask questions like this...I have paperwork ready to mail out but Idk who to send them to for this to work.

[@gbemisolaopeoluwashonibare8537]

i think you can send one to nelnet and one to any of the other 3 and it should be fine @@steter12

[@yahushuaschosen4129]

My daughter will graduate in May 2025. Should I start the parent plus loan consolidation loan process now that are currently with Nelnet?

[@Juanordonez-y2u]

How do I do the consolidation if I have 3 parent plus loans? I’ll appreciate if you can explain.

[@richrat17]

Thank you so much. Your instructions really helped me immensely. Thanks again!

[@DETSD24]

Thanks so much for this video. I'm almost at the finish line! However, I have a quick question. I've recently seen horror stories about those who've completed the final consolidation process with Mohela -- something about being denied because Mohela's software won't allow selection of the SAVE plan following the final consolidation. Here's my question -- I originally started with all Nelnet loans. I successfully split and consolidated them into two separate loans with Aidvantage and Edfinancial. My plan was to do the final consolidation with Mohela but now I'm hesitant. Do I have to use Mohela or could I go back to Nelnet for the final consolidation?

[@rickmooney5931]

I'd go with different one.. they have to do it..

[@rickmooney5931]

Mohela

[@GV_1999.]

This happened to me two weeks ago. I just called them after i seen my loan servicer was mohela on studentaid.gov (I didn’t get a email stating the consolidation was complete for some reason). Simply explain the situation and they will fix it and enroll you in the save plan. They explained that it’s just a glitch in the system. If the person you call seems to be new just ask to speak to a manager.

[@aliciasmith69]

@@rickmooney5931 What happens if you choose Mohela and the loan is being processed by another loan servicer that you used before?

[@rickmooney5931]

That doesn't matter.. aidvantage services most

[@marks7192]

SLP. I and many other people here have found your assistance quite helpful. We know youre all very busy. If you could have a team possibly privide answers to some of us here online that would be a great step in your services

[@AmyLopez-q4g]

Thank you sooo very much for this wonderful video!! I was soo confused before watching this!! Thank you!!

[@denzaldivar3581]

I originally had 2 parent plus loans. I consolidated them 3 months ago. Now I have one loan. How would I be able to consolidate that one loan I have now so I can apply for the S A.V. E. PLAN? Thanks

[@RAYESHGHIPOUR]

Servicers have been dropped to 2 only, MOHELA and EDFinancial so this video needs to b updated to avoid confusion sending them to wrong servicers no longer doing consolidations

[@Enkaybe]

Are you sure?on the website I saw Ed financial and Nelnet still

[@heidisong555]

Yes ! Loan was consolidated. Thank you ! Is there any way to reduce principal balance and monthly payment amount? Thanks again !

[@irvinmull]

Can you double consolidate one parent plus loan?

[@chazjohnson1079]

I second this question, is this feasible?

[@GritandGrace33]

Hi, thank you for this info! Any idea of what credit rating is needed for the student to consolidate?

[@livingbeyondlimitsreneenadja]

I started early April! Done w phase 1 as of today! Nelnet for one consolidation and Aidvantage for the other. But Aidvantage sent it to Mohela! So my next step is to review the video and see if going w Aidvantage is OK as I know the video said do not so step 2 with any of the first phase servicers.

[@livingbeyondlimitsreneenadja]

@briyanc2138 not long for nelnet..a few weeks. Advantage set it ti Mohle so that took a couple weeks longer. I'm starting the second part now. Because the one was transferred from Advantage if thas how you spell it, to Mohela, I'm trying to confirm if submitting my final pn line consolidation can go w Advantage. Let me know if you heard anything. But you should be good. I wouldn't worry about how quick they did it..

[@chathamskiesrealty1259]

If I have three parent Planus loans can I consolidate 2 and 1 then consolidate both to final one.

[@FLSharky]

I'm concerned. My oldest graduates in May of 2025. Can I do this double consolidation with her loans before then? I have to take one more year out.

[@AlisaClines]

They have a new IDR form with the January 31, 2024 update date and it is different than the one you used in the video. I am choosing the "income-driven repayment plan" (the first box. not the SAVE or IBR or PAYE or ICR....correct?

[@shellybethard9339]

Thanks for the information!! Getting ready to put in my second consolidation!

[@katiematsen5380]

I am on the last consolidation so Im glad I saw this updated video! Quick question, my dad is the one with the parent plus loans, he has one for my brother (who is still in school) which I did not touch when going through this consolidation, when filling out the final IDR application, when it asks if he has multiple loan servicers, I believe we should answer yes, correct? From my understanding since I will only be submitting this to the final loan servicer (which differs from the servicer that has my brothers parent plus loan) this should not affect repayment on that loan. I just want to make sure I do not trigger my brothers repayments by submitting this for my consolidated loans

[@lynnburkhardt5509]

Hi! Did you ever get a response for your question? I have 2 children who are out of college and I am going to do the double consolidation and I have a son who is still in college. We have 2 PP loans on him and not sure if I should include those in the double consolidation process.

[@peggytyre9076]

@@lynnburkhardt5509 Did you get the answer to this?

[@gwolski]

Thank you!!! Your video is spot on and so helpful. You really explained this convoluted process so well and even included potential pitfalls and how to get around them. I'm on the last step now but confident it will all work because I followed all your steps. I'm just wondering if I apply for SAVE will I be automatically placed in deferment until the lawsuit resolves or will I be denied. Anyone know?

[@joscelyneveneruso5005]

I have all my loans consolidated by Nelnet, can I still do the double consolidation with the other companies

[@DonChronoJewelry]

I have two parent plus loans. Can I consolidate a single loan?

[@chrislabish]

yes

[@kurts5635]

Is cutoff for the loophole still July 1st, 2025? Asking because I want to wait until my 4th Parent Plus loan to post later this year [2024].

[@mikegreene-z4e]

HELP!! I have watched this video. I have printed out the applications, filled them out as instructed on video, but I only have 2 loans through MOHELA to consolidate. So, does that mean that I can only qualify for ICR? Kind of confused...a bit. Thank you for any advice!!!

[@MotorcycleSkin]

Can I do this loophole if I only have one Parent Plus Loan ?

[@LawAndOrder_Lisa]

Same question

[@MotorcycleSkin]

I have 1 parent plus loan, is there a way I can do this double consolidation loophole??

[@CarolynMulhern]

See minute 6:41 -littlest is 2 loans To consolidate is to combine. I’m not sure how you’d consolidate 1 loan

[@SamanthaMaisel-j8i]

If I only have 2 Direct Parent Plus loans can I apply for a consolidation loan for each loan? to get through the first step?

[@careyhill9333]

Thank you for this video, SO helpful with a scary and confusing process. It's now 12/25/2024 and I need to begin this process for 10 parent plus loans I have made the first payment on. Although I'd like to follow the second option to consolidate the bulk of them online first -- July 2025 is only 7 months away. Also the first loans was co-signed ("endorsed") by my dad (student's grandpa) but after that they are all just me. Does that change anything as far as the consolidation strategy? Any input and suggestions would be greatly appreciated!! Oh, and Merry Christmas 🙂

[@GionGiya]

Great video Thank you so much. I have one question - what if we have 3 parent plus loans? Do we just do one paper app for 2 of them and leave the other? Then once the 2 are consolidated we consolidate the last? Does it matter which 2 to pick?

[@gilbertoagonzalez6310]

For the final step, sending the paper IDR application & selecting the plan. i see you need to send a copy of your tax returns. if you are married, can you file married filing separate to have a lower monthly payment? This would be when selecting the SAVE program. The loan is under my name and we can file separate tax returns for the 2023 tax year if it helps lower monthly payments. thanks

[@kaylinjackson1360]

This is my question as well

[@aliciasmith69]

I have the same question and given that I had only 3 business days to respond due to weather conditions and the snail mail, I am stressing about the 10 day deadline.

[@rickmooney5931]

Yes absolutely

[@kimberlyd74]

Are these addresses in the video still the correct ones to send to?

[@joeleytrick6622]

Megan, thank you so much!!! So helpful. For the 3rd example, do you have to consolidate the personal loans AND consolidate the parent plus loans before doing the double consolidation? Or do you just consolidate the Parent Plus loans then you can just consolidate all the loans together?

[@maxp6521]

Did you ever find an answer? She didn't explain that part well

[@Detrini101]

Hi there, can I do the second loan consolidation through the paper application since the online application is now closed?

[@MaryannePhillips-sz4ob]

This was very helpful! Has anyone had a similar situation? I have parent plus loans from our first child from 2009-2013 and have parent plus loans from our last child who does not graduate until 2026. Should I just consolidate the old loans or include the new loans too? Thanks in advance!

[@sandraforeman4554]

I got my Administrative Forbearance Has been Applied to Your Account. Do I still wait until I hear that it's complete?

[@AchillesDaDon]

If Nelnet is my current servicer. Can I still consolidate one with nelnet and the other with aidvantage? Or can that not be done since it my current servicer. And if I have 5 loans I split 2 and 3 correct?

[@angelamaglaque2569]

Did you ever get an answer to this?

[@echo021]

@@angelamaglaque2569Curious as well @uceshxt31

[@CarolynMulhern]

You can use your current servicer. For the first round of paper I used my current Nelnet and Mohela Final consolidation I used Aidvantage Just like she explains in video You just don’t want to use a servicer twice

[@coffeecrazy70]

Can you do these consolidations if your loans are in forbearance? Also if I currently have 2 loans with Nelnet and pick 2 new different servicers for the paper applications can I then choose Nelnet for the 3rd/final online consolidation?

[@LordZendore]

Can I do this if I have overdue payments?

[@rickrussell4900]

Great video, thank you so much! I'm the loan owner for multiple (more than 4 loans) parent plus loans. Can my references for the paper consolidation form, be my 2 adult children? They both live separately from me but are the ones i took out the loans for. They each have their own student loans also. Again, I'm so glad I found your page.

[@joymiller8707]

If you have 3 loans on one child you can consolidate 1 of the loans..but what is the process for the third one since there is only the one left?

[@DeborahSenatore]

Went through all the steps and I finally consolidated into one loan. However, after going in to apply for the Income Driven Plans they don't allow repaid Parent Plus loans to apply for any of the other plans except for ICR. They must have changed the rules. They not only use my husbands income bc we final jointly they use mine so therefore the ICR payments was higher than the Standard payment. Any advice would be appreciative.

[@michelleunger857]

Very helpful info. I consolidated all of my Parents Plus loans and received confirmation that they were consolidated. Do I have to have to now consolidate my remaining non Parent Plus loans (these were my own graduate school loans) or can I skip to the last step and add the new consolidated loan (from PP) to the non PP loans as my final step to consolidate? Do I have to first consolidate my non PP loans and then do a final consolidation of both consolidated loans? Thank you.

[@maxp6521]

She never explained that properly. Please let me know what you did

[@alexcavegn7063]

Thank you so much for the information! If I only have 3 Parent Plus loans how does that work?

[@brainspout3447]

I had the same situation, 3 Loans. Just consolidate 2 of them one a single consolidation loan then consolidate the last loan as a new consolidation loan itself (with different servicers, obviously). It didn't make sense to me how you can "consolidate" a single loan, but it works.

[@noxfomo]

you have to do online application or paper for the last one?. thank you@@brainspout3447

[@alexcavegn7063]

​@@brainspout3447 Thank you so much! Can I ask how long it took for you to hear back after mailing your paper consolidations?

[@brainspout3447]

@@alexcavegn7063 I heard back from EdFinancial in about 4 weeks, it took NelNet a little over 6 weeks.

[@MartinLynch-z8x]

It seems like the loan number is one digit too long? What should we do?

[@donacooter2823]

Just stumbled across your video. I have four parent plus loans. Today is April 30. Is it too late for me at this point?

[@JeanPonek]

Great Info! I am submitting the application but am confused on which number they want for the loan number. I have the 10 digit number for all of the loans, or they each have a consumer account number that is a tad different for each loan. Which should I include on the application? Thank you!

[@integral.alchemy.psychotherapy]

Update, was told by an attorney specializing in student loans that Nelnet stopped processing consolidations...just FYI

[@brihager2471]

What is the recommended service provider choices if your Direct Parent Plus loans start with Aidvantage? Should the first, paper applications go to Aidvantage and Mohela so the final consolidation can be with Nelnet, or is there another formula that is more guaranteed?

[@swfkljqwf]

How can I check if consolidation is worth doing it or not? I see that you have a calculator online but what if marrital status changes from single to MFJ during the payment?

[@cupofkoko]

Thank you for making this video. I have one question, I will be doing Example # 3, when doing the paper application do I list Stafford loans on the loans I do not want to consolidate?

[@DanielleODell-o9i]

I did the double consolidation and I am not sure what I did wrong because I followed your steps. Went from aidavantge to nelnet and aidadvantage and now with Mohela. I am still at 20% of our income and not 10%. Our payment we have to pay is more than our mortgage. Any help would be greatly appreciated.

[@rickmooney5931]

Did you submit paper application for save? There is a trick on website I tried and it let me apply directly...

[@rickmooney5931]

Search payment plan evaluator then click on save and apply I'm hoping this works

[@livingbeyondlimitsreneenadja]

Did you do the paper Save application after the very last consolidation step?

[@FredMercury-mg4wj]

I am remarried , I am unable to count my husband for income since he is not the father , what do I do in this case??

[@tomstuewe]

Are there any scenarios under which the consolidation to the IDR plan would result in a higher monthly payment than my current Parent Plus Loans? Exactly what is meant by Paying 10% of your income rather than 20%?

[@capriceskotte2896]

what about if your a business owner/scorp? how do they calculate your income for repayment?

[@DeborahSenatore]

My husband has 6 loans Parent Plus Loans with Nelnet and I have 3 Direct Parent PLus Loans. I watched your video and can't wait to apply to consolidate for a lower payment. How many paper applications and online applications? Do I need to change the already Direct Parent Plus loans. How would I incorporate them into one loan?

[@MrChillehead]

My daughter is still in school, we haven't made any payments yet. will I have to start paying before she graduates if I consolidate?

[@JodyNeuenschwander]

My double consolidation is complete and I am with Nelnet. On the Nelnet site, the SAVE plan comes up as eligible, but Student Aid says I still only qualify for ICR. Now what?

[@amityvanhoose182]

I'm still being denied to be put on Save even after the double consolidation. I've uploaded the IDR Save payment plan and was denied

[@pdf6507]

she says you have to call them. Good luck!! please keep us updated.

[@MelissaWhite-ns6by]

Can you do this with just 2 parent plus loans?

[@mgh3i]

Yes. You can consolidate one loan unto itself, so you follow the same steps by consolidating each loan unto itself at different servicers as the video describes, and then once they are each consolidated at the different servicers, then you consolidate the two consolidated loans together at a third servicer that you haven't used before.

[@rickmooney5931]

Megan hear anything about this being shut down? Seems like Mohela is saying they can't do it in their software and they know they are parent loans

[@pdf6507]

oh no, please update us if you have any more info on this. I need to go with Mohela or Edfinancial for my last step. Neither are listed as options on line when selecting the new servicer.

[@charles8994]

Aside from not using paper method and filing with different servicers at each step. Are there other gotcha's we need to watch out for? I just want to audit myself before I submit applications! Thank you :)

[@keirendunfee5927]

We were at the final step of double consolidation with Aidvantage and now it appears that the SAVE program has been blocked by Congress. We now owe 2 months of payments that are substantial. Can we apply for the income driven plan and then reapply for the SAVE program once it is reinstated?

[@SandraLow-fw6jz]

Aidvantage is currently processing loans for MOHELA and Edfinancial when I go to select third servicer for last consolidation. Since I already used Aidvantage for 2nd consolidation -should I wait before I go through with 3rd consolidation?

[@rickmooney5931]

No

[@Buoyspammer]

I started with 3 pp loans serviced by aidvantage. I consolidated 2 with nelnet and 1 with edfinancial. Can I go with aidvantage again for my final consolidation? I want to avoid mohela.

[@HWALK]

Amazing video, thank you. So for my situation.. I have parent plus loans with both my mom and my dad. Along with my own federal personal loans. Would that make a difference in the double consolidation process? Also I put my personal loans into IDR payment already, will that affect this process you laid out? Really appreciate your help! Saving lives out here lol.

[@Terry-vy5ic]

I was told by Edfinancial that Aidvantage processes all the consolidations, but then the loan would be held by who I requested-Edfinancial. Now that they no longer follow the original request, I am concerned about sending both consolidations now held by Aidadvantage for double consolidation to MOHELA since Aidvantage processes all of them. Why would they follow my request when they didn’t a few weeks ago. I thought they needed to be held at different services to complete the consolidation. Will I need to wait 120 days to consolidate the second time?

[@joymiller8707]

Can you consolidate just 3 loans instead of 4? What is the process? Thank you!

[@dallaskirby3138]

I am also wondering what the process would be if I only had 3 parent plus loans

[@joymiller8707]

@@dallaskirby3138 Did you find out?

[@davidsingleton9481]

What if your student loans have already been consolidated into one loan through Nelnet?

[@echo021]

Curious about this as well...

[@larryssalarryssaperrymurdo9652]

Mohela transferred my new loan to nelnet. Now both of my new direct consolidation loans are with nelnet is that a problem.

[@MariaCRuiz-sp9gj]

Hello, if I had 2 loans and consolidated with Nelnet, can I still consolidate again with another servicer for the loophole

[@martiandejaa00]

Did you ever find an answer to your question? I’m in the same situation and would really appreciate any input :)

[@MariaCRuiz-sp9gj]

@dejab7080 I did not, I consolidated but it’s at 20% income not as she states to consolidate for 10% income.

[@Terry-vy5ic]

Help! Which loan servicer should I send my 3 total- 2 to one servicer, and 1 consolidation to another servicer considering I currently have Nelnet for all three?

[@Emahmoud261]

Hello, my original Parent Plus Loan was changed to a Consolidation Loan due to default. Either Navient or Nelnet changed it to Consolidation. Can I still do this consolidation loophole on my loan? Thanks!

[@lovelyduck2360]

I have parent plus loans and my own loans. I know they have to be consolidated separately. For my own loans, can I consolidate my subsidized and my unsubsidized together?

[@madelynnmoore2802]

So I went through the process and have been successful at completing the double consolidation. My only issue is that it has not opened any new repayment options. Do I need to call my servicer and tell them that I qualify for other repayment options?? Please help!!

[@meaganmcguire5857]

start watching video at minute 33 for next steps

[@StudentLoanPlanner]

See above comment by Meagan: watch at minute 33 for next steps.

[@rickmooney5931]

​@meaganmcguire5857 hey Meagan i already consolidated two and choose icr since it wouldn't let me choose save ...my last is at mohela does this matter? It won't tip them off that I had parent plus loans in direct loan consolidation will it?

[@PatriciaMeinhardt]

I have submitted paper applications to 2 different servers. I have heard from 1 and nothing from the other. Has Nelnet stopped doing loans consolidations?

[@salwabenloubane1188]

yes i just called them today - they are no longer doing consolidations

[@reneem.4725]

I did the same thing! I sent mine to Nelnet and haven't heard back. I have to redo the whole application now