Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching Parent PLUS Double Consolidation Loophole | Pay 10% of Your Income Instead of 20%. and this video is uploaded by Student Loan Planner at 2023-12-18T07:31:56-08:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [LgEQ4tghSlI]
| Name | Parent PLUS Double Consolidation Loophole | Pay 10% of Your Income Instead of 20% |
| Video Uploader | Video From Student Loan Planner |
| Upload Date | This Video Uploaded At 18-12-2023 15:31:56 |
| Video Discription | Borrowers who have Parent PLUS Loans deal with somewhat of a different beast than when a student borrows federal student loans. Parent PLUS Loans stay in the name of the parent who pulled them out if kept in the federal system. They generally have much higher interest rates than Direct Loans and don’t offer student loan forgiveness opportunities. Parent PLUS Loans also have far fewer repayment options available (e.g. amortized standard fixed and graduated repayment plans). But there’s a loophole you probably haven’t heard about before: the Parent PLUS double consolidation. The Parent PLUS double consolidation loophole is a game changer. This strategy could drop your payment from 20% of your income to 10% of your income. Act fast though, the deadline is July 2025. Learn more: https://www.studentloanplanner.com/parent-plus-double-consolidation/ 00:00 Intro 07:31 First example (simple paper example, 2-8 PP loans) 10:50 Process summary 12:08 Why we need to use different servicers 13:45 Why use paper applications for first step 16:10 1st step: Fill out paper applications 18:05 How to find loan info (account numbers, loan code and servicer info) 20:24 Another way to find loan codes 23:50 2nd step: Include repayment plan request form 26:33 3rd step: Mail your consolidation paperwork 29:08 4th step: Online consolidation 30:45 5th step: Choose final servicer 33:11 6th step: Choose fixed repayment plan 35:20 7th step: Submit paper IDR application. 39:45 Second example (more than 8 PP loans) 45:11 Third example (personal loans and PP loans) 48:47 Troubleshooting issues 50:20 Why hire SLP 51:05 What to do when consolidation is denied Feeling helpless when it comes to your student loans? 📩 Subscribe to our email list https://www.studentloanplanner.com/youtube-landing/ ➡️ Check out our refinancing bonuses we negotiated: https://www.studentloanplanner.com/refinance-student-loans/ ➡️ Book your custom student loan plan https://www.studentloanplanner.com/hire-student-loan-help/ 🎧 Find #StudentLoanPlanner on your favorite podcast platform! https://www.studentloanplanner.com/podcast/ Legal: Student Loan Planner is a financial coaching company and does not claim to provide financial advice on investment products. Refinancing federal loans causes the borrower to lose access to income-based repayment plans as well as the PSLF program. We may earn compensation from advertising partners when you click on links on our site. Student Loan Planner is not a debt settlement or debt relief company. We do not provide tax or legal advice. #ParentPlusLoans #DoubleConsolidation #ParentPLUSloophole [LgEQ4tghSlI] |
| Category | Education |
| Tags | Student Loans | Student Debt | Student Debt Crisis | Student Loan Planner | Student Loan Forgiveness | PSLF | Public Service Loan Forgivness | Refi Student Loans | Student Loan Refinance | Student Loan Tips | Student Loan Crisis | Student Loan Servicing | Debt Free Journey |
