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Consolidating parent plus loans to student

Log in to Student with your When you create your FSA ID, your information is confirmed with the Social Security Administration (SSA).

This takes one to three days, and you'll receive an e-mail (if you provide one) when this is complete.

If you hold substantial PLUS Loan debt and are employed, or planning to work, in public service, it may behoove you to consider consolidating your loans and beginning to repay them under ICR in order to set yourself up for eventual forgiveness.

The extended period makes the monthly payment amount more manageable; however, the longer your loans are in repayment, the more interest you will pay over the life of the loan.

One of the messiest situations in student loan refinancing arises when a student is trying to consolidate and refinance their loans that were taken out by their parents to help them pay for school.

This is a common occurrence because while in school, students are only allowed to borrow a certain amount in federal loans, and many times the student’s parents can take out additional funds in the form of a Parent PLUS loan to cover the rest of the bill. Department of Education, the Parent PLUS loan belongs to the parent–no matter who is making the payment each month.

Public Service Loan Forgiveness (PSLF), the federal government’s large-scale student loan cancellation program, which forgives remaining loan balances after ten years of on-time payments, does consider Direct PLUS Loans to be loans eligible for forgiveness under this program. You can check off one box on your forgiveness eligibility checklist!

However, as discussed in the previous post, 3 Keys to Federal Student Loan Forgiveness, having a qualified loan is just one of the three main requirements for getting your college loans forgiven.


  1. Frequently Asked Questions about Consolidation. parents can consolidate PLUS loans. Consolidating a PLUS loan can yield some savings if the Parent PLUS loan has.

  2. Apply For PLUS Loans;. If you have multiple student loans you may be able to combine them into one. A Direct Consolidation Loan allows you to consolidate.

  3. Here are some situations where it can make sense to consolidate student loans. 1. While Parent PLUS loans are. consolidating your individual private loans.

  4. Learn the difference between student loan consolidation and student loan. Personal Loans; Parent Loans; Parent PLUS. Consolidating student loans via.

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