I called Nelnet to review all the potential payment amounts and when she checked my account, it turned out the IDR count adjustment was applied. I have 44 payments left (and prior to that I had 11 years or 132 payments.) No one had contacted me about that update and I couldn't see it on Nelnet or Studentaid.gov --so that was great news. But, it did take me talking to an agent on the phone.
Mine hasn't either... 30 years of paying, still owe what I borrowed and I consolidated by April 30th from Navient to Netnet for the account ajdustment and no news whatsoever.
We can't expect it. The entire system is broken. My account on Student Aid still says my IDR/ICR application is "pending review" by the loan servicer from December 2023! However, my loans were consolidated in Feb 2024 & I was placed on an ICR plan as shown on my servicer account. When I reached out to Student Aid.gov they told me I had to contact my loan servicer. I said, "the mistake is on my account on your website, not the loan servicer". No response & it still hasn't been corrected. Just a small example of their incompetence. Until & unless it happens, I don't buy any of these "insiders" or "experts". The Ed Dept hasn't provided any updates, the loan servicers don't seem to know anything, there is zero direct/substantiated information & yet somehow Student Loan Planner or Tate Law or any of these others claim to know what is going on. I'll gladly be proved wrong if/when the adjustment actually happens.
I logged into my Student Aid account this morning. My account has finally been updated with the one time adjustment. There is a new IDR tracker that shows the number of qualifying payments. The total balance has not changed but at least there is a tracker.
I saw a news report about a new proposal for the Department of Education to be demolished and certain programs would go to Dept of Health and Human services, student loans would be handled by the Department of Treasury. What are your thoughts?
I really wish you would focus solely on student loans and avoid including content about investing. To be honest, it feels like unnecessary noise. I understand the desire to expand your content coverage, but it’s frustrating to hear advice on investing from someone who doesn’t have a proven track record.
Show some examples of what you mean by cost basis in your verbal examples about muni’s and index funds… show a fake account or visual example would help a lot
No one knows anything. These videos/content are largely just speculation. We've all been hearing about things like the one time adjustment for months & how it was to be completed/applied by Jan. As many of us know, that hasn't happened. So why do we bother watching things like this?
We need someone to solely focus on Parents Plus Loans. We need a lot of help. We need more information. Please
Why hasn’t my account been adjusted from the one time IDR adjustment? When can I expect it? Thank you.
I called Nelnet to review all the potential payment amounts and when she checked my account, it turned out the IDR count adjustment was applied. I have 44 payments left (and prior to that I had 11 years or 132 payments.) No one had contacted me about that update and I couldn't see it on Nelnet or Studentaid.gov --so that was great news. But, it did take me talking to an agent on the phone.
Mine hasn't either... 30 years of paying, still owe what I borrowed and I consolidated by April 30th from Navient to Netnet for the account ajdustment and no news whatsoever.
We can't expect it. The entire system is broken. My account on Student Aid still says my IDR/ICR application is "pending review" by the loan servicer from December 2023! However, my loans were consolidated in Feb 2024 & I was placed on an ICR plan as shown on my servicer account. When I reached out to Student Aid.gov they told me I had to contact my loan servicer. I said, "the mistake is on my account on your website, not the loan servicer". No response & it still hasn't been corrected. Just a small example of their incompetence. Until & unless it happens, I don't buy any of these "insiders" or "experts". The Ed Dept hasn't provided any updates, the loan servicers don't seem to know anything, there is zero direct/substantiated information & yet somehow Student Loan Planner or Tate Law or any of these others claim to know what is going on. I'll gladly be proved wrong if/when the adjustment actually happens.
I logged into my Student Aid account this morning. My account has finally been updated with the one time adjustment. There is a new IDR tracker that shows the number of qualifying payments. The total balance has not changed but at least there is a tracker.
Investment info should be on a separate podcast about investing, not on a student loan info site. Thank you.
reliably useful content
thank you
I saw a news report about a new proposal for the Department of Education to be demolished and certain programs would go to Dept of Health and Human services, student loans would be handled by the Department of Treasury. What are your thoughts?
I really wish you would focus solely on student loans and avoid including content about investing. To be honest, it feels like unnecessary noise. I understand the desire to expand your content coverage, but it’s frustrating to hear advice on investing from someone who doesn’t have a proven track record.
Second this
Yeah, he doesn’t seem to know what he’s talking about either
I've started investing. Glad you started covering it
No audio
Show some examples of what you mean by cost basis in your verbal examples about muni’s and index funds… show a fake account or visual example would help a lot
No one knows anything. These videos/content are largely just speculation. We've all been hearing about things like the one time adjustment for months & how it was to be completed/applied by Jan. As many of us know, that hasn't happened. So why do we bother watching things like this?
Nelnet does NOT give forbearance like myfedloans