Master Student Loan Consolidation, Income Recertification and Parent PLUS Repayment

Student Loan Planner

Arm yourself with “quick hits” — essential tips to guide you through the labyrinth of recent student loan updates. As student loan payments restart, Lauryn Williams, CFP®, CSLP®, and Meagan McGuire, CSLP®, share how to maximize opportunities on your student loan repayment journey. Discover the revamped consolidation application designed for better efficiency and ease. Learn the benefits of removing the spousal sign-off requirements and the improved IRS data retrieval tool. Get the lowdown on the double consolidation process for Parent PLUS loans and why you shouldn’t wait to take action. Listen in to stay ahead of the game when managing your student loans.

In today’s episode, you'll find out:

• How changes to the consolidation application can influence your decision to consolidate
• How your spouse’s information can affect student loan consolidation, regardless of separate finances
• How to get real-time payment estimates with the IRS data retrieval tool
• The new option of uploading income certification documentation digitally versus traditional mailing
• Top pros and cons of the double consolidation legal loophole for Parent PLUS loan borrowers
• Why parents with student loans need to add the July 2025 deadline to their calendar
• Common problems borrowers face when consolidating or choosing an income-driven plan
• Why interest capitalization isn’t as bad as you think
• The importance of considering your entire financial picture when evaluating your student loan repayment strategy

Links mentioned: Direct Consolidation Loan Application Income-Driven Repayment (IDR) Plan Request The IRS Data Retrieval Tool (DRT)