$20,000 of student loan forgiveness + PSLF Update

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0:00:34 IDR Waiver program extended.
0:02:16 Biden's ‘plan B' of the broad student debt cancellation plan.
0:07:39 Dept of Ed taking over the Public Service Loan Forgiveness Program from Mohela

[@yvettef4184]

how does that effect in terms if a person has had a increase income and is not do for recertifications for one year - when you consolidate do they review income ?

[@CatalinaKai]

consolidation and IDR applications are separate. They review income with IDR re-certification. You can also use income from two years ago, so skip using the year with higher income.

[@cynthiabernstein2623]

I'm old and confused. I have been paying on my loan since 2010. I owe about $2000 less than when I took out the graduate loans. I am currently in graduated loan payment with 3 separate loans in Nelnet. What should I do? 🙄

[@wookieecantina]

Thanks for creating and sharing. This is very beneficial. Someone at Edfinancial told me they were going to be handling PSLF for the Feds.

[@CatalinaKai]

This is not official news yet. As of right now the Department of Education is taking over PSLF. This might change down the line but we don't have any such news yet.