I’m helping my partner’s mother who has parent plus loans in default. She has to choose to either consolidate or rehabilitate (paying it off isn’t an option).
I understand rehabilitation is good for getting the default off her credit report, but I’m wondering if she can also consolidate at the same time? This would be to meet the July 1 deadline for parent plus loans to remain eligible for IDR plans after July 1.
Consolidation or Rehabilitation
byu/randomhomework inStudentLoans
Posted by randomhomework
1 Comment
She’s probably too late, but she can try to consolidate in time to retain access to income driven repayment.
The recommended date to consolidate by was April 1.
She 100% cannot do both by the deadline.