The Parent Guarantee Loophole You NEED To Know.

The parent plus double consolidation loophole offers a unique opportunity to reduce your monthly payments to 10% of your income. By understanding the process and benefits, you can. Oct 5, 2024 · if you currently have parent plus loans, take immediate action to utilize the double consolidation loophole before it closes in 2025. The window of opportunity is limited, and after that, your options for managing these loans will be severely restricted. Jan 20, 2025 · the double consolidation loophole is a workaround that reclassifies parent plus loans, removing the parent plus loan codes and making them eligible for more affordable.

In general, it takes at least 60 days to process a direct consolidation loan application and to disburse the new loan. This means that if you want to consolidate your loan(s) in order to get. Look into the parent plus double consolidation loophole.