I did a double consolidation loophole a while back (before its deadline) from parent plus loans and moved those to a direct consol unsub loan. It went on SAVE. I never repaid any amount at all. But a few weeks back, I made a mistake as I applied to change IDR and picked IBR instead of paying my first payment on icr and then switching to IBR. But now I am confused as some have said that is alright. I asked loan servicer to cancel my app but they have not and my first IBR payment is in a few weeks. Can I get locked out of IDR eventually if I pay my first payment on IBR?
Double consolidation direct to IBR
byu/AtomJust inStudentLoans
Posted by AtomJust
1 Comment
You are fine. You are eligible for IBR now due to the double consolidation. And making payments on it now keeps you eligible for it going forward.