i came across this video and was wondering if you could do a follow-up on FFEL loans. I followed your advice and directly consolidated and everything has been stuck in limbo.
@@themoneylibrarian according to the MPN that I signed to consolidate my old loans directly with the dept of education to get on the SAVE plan clearly states that my prior payments would not count towards loan forgiveness. Both nelnet and the dept told me not to worry and that I would still get the one time account adjustment and be on my way to loan forgiveness. Unfortunately, I do not think i will get that golden email before trump gets into office. Even if I get on the ICR/IBR?IDR plan I fear that my 20 year would start all over.
Thank you so much for this update! I hope the people who missed out on the April 30th deadline become aware of this one. On the studentaid website, if you're not already informed and aren't sure where to look on the site, it isn't easy to find info about the extended date. Actually it seems like website has gone a bit low profile. Before April, the site was very informative about one time adjustment, consolidation, deadlines, etc.
Wow - you're right, I just went to their website and couldn't find the IDR recount page easily. I had to do a search and found this page: studentaid.gov/announcements-events/idr-account-adjustment Thanks! -k
@@themoneylibrarian Hello! Thanks for your respone :). Great you found a link. I only found mention of the June 30th deadline when I went to the search bar and typed "one time adjustment." Consequently, I saw the article that was easily accessible in April on the main pages that formerly mentioned the April 30th deadline. studentaid.gov/announcements-events/idr-account-adjustment Oh I just saw that it's the same one you found. :)
@@themoneylibrarian Hello! I just wrote a long post after speaking with the personnel at the dept of edu. It didn't make it to post mode. I don't know what happened. So, I'll try again tomorrow, because it's almost 1:00AM in France. So far, things are on pause until July 1st. They shall pick back up and start reviewing again after that date. :)
Hi! Sorry to hear this!! With the IDR recount you should be getting closer to forgiveness - def call your servicer and see what you can do to speed this up! Good luck and thanks for watching!! -k
Hi! Sorry to hear this! I suggest calling your student loan company to learn your options. They may have suggestions based on your history and situation. Thanks for watching and good luck! -k
Question!! I'm in the PSLF REPAYE Plan and my quoted monthly payment wouldn't even cover the interest rate of my student loans. Is it worth it to just pay what they quote you (and watch the loan grow bigger) or should I pay more per month? Has anyone here done what they were told and still didn't qualify?? Looking for lessons learned!
Hi! If you’re going for PSLF it doesn’t make sense to pay any more than you have to since whatever your balance is at the end of 10 years is forgiven. That said, if life gets lifey, and you end up leaving qualifying employment, you could be on the hook for owing much more. I recommend watching this video on what to do NOW if you’re going for PSLF later: th-cam.com/video/gGX7WOwjMjo/w-d-xo.htmlsi=nfYJNk4mn7G1on4J Good luck and thanks for watching! -k
Hello! Fellow librarian here! Your videos have been so helpful to me. Thank you!! I ignored the April 30th deadline thinking it wouldn't apply for me, and i was so wrong so thank you for spreading the word! I guess the one question I have based on this update-- when you discuss the number of months of repayment re-adjusting how much time each person has left for forgiveness, does this still apply if you did not apply for PSLF before this? I have been working at a public library for 8 years but because of how messy and confusing PSLF was at the time, I thought I was supposed to wait until I had finally made the 120 months of payments. Even though I've been making payments I'm not sure that they will count because I didn't apply earlier, even though I have been qualifying for a while now. I'm going to call the dept. of education and see what they say, but if you have thoughts I would love to hear them!
Yay libraries and librarians! Glad the vids have been helpful! It could still apply even if you haven't had applied to have time in repayment PSLF-qualified (that is, you've never sent in the PSLF form). If you called the Dept of Ed then they probably were able to help you out for your situation. For anyone else reading, here's a common situation where the consolidation could take time off your loans with PSLF - - you have been working in a pslf-qualifying job for a few years and paying back student loans, then you go back to school for a year, take out more loans, and after go back to a pslf-qualifying job. By consolidating the original loans which have years of repayments (say they have 3 more years to go before they get forgiven) with the new loans with far fewer repayments (9 years until PSLF forgiveness) - and all these periods meet the PSLF qualifications, see my vid here for more: th-cam.com/video/XrJ0D_uIn-I/w-d-xo.html - now the new, consolidated loan will only have 3 years until it's forgiven through PSLF! note: this may not work as well for 20/25 year *IDR forgiveness* as consolidating undergrad (forgiven in 20) and grad loans (forgiven in 25) will now have to have 25 years in repayment for forgiveness. Thanks for watching and please share so others don't miss out on this important deadline! -k
If I have an FFELP Consolidation Loan did someone already comsolidate it for me? Sloan is my servicer, but as i went to consolidate i didnt know if it made sense to consolidate a loan i have been paying on since 2002, used to be like 20 loans in the past but I have no friggin clue whats going on.
Hi! You can see your loan details at studentaid.gov If it still says FFEL then you probably want to consolidate to turn it into a Direct Consolidation Loan before the end of the month otherwise you’ll lose your payment history and restart the forgiveness clock😩. Definitely call your servicer as they can give you personalized help. Thanks for watching! -k
Hi! If your loans have different amounts of time in repayment you may want to consolidate so the new loan has the longest payment history and is that much closer to forgiveness. Contact your loan servicer as they can tell you all the ins and outs. Thanks for watching! -k
I have all undergraduate loans and consolidated only 2 FFEL loans in 2022 but not my 12 direct loans as previously advised. I recently found out (before 4/30/24) that if I consolidate them all together, all would have loans would have been cancelled as the FFELloans were forgiven in 2023. Will my brew consolidation count my time in repayment for the FFEL loans already forgiven from 2020. These were sine separately, am I screwed?!
Hi! Only if the FFEL loans are still in repayment can you consolidate them all - but if they’ve been forgiven, there is no FFEL loan to include with your Direct loans. 😢 I don’t want you to think of yourself as “screwed” - you took the best option available with the information available. I suggest you call the Dept of Ed and talk to them as they’ll be able to look at your account and might be able to help you. Good luck and thanks for watching! -k
Hi! I go into the reasons you may want to consolidate in the vid, you may want to call your loan servicer to chat about your particular situation to see if it would be advantageous for you. Thanks for watching! -k
Hi! Yes, if you combine the loans the recount will apply to the new loan but be careful - it’ll abide by the rules of grad loans, the most notable being IDR forgiveness in 25 - not 20 years. Like I mention in the vid, know why you want to consolidate your student loans before consolidating them - and definitely call your student loan servicer or the dept of education before consolidating so you know the benefits and drawbacks before hand. Thanks for watching! -k
Hi! I would love some help to know if this benefits me. I work for a non profit now but I don’t think they qualify for the PSFL for some weird reason. I was able to switch to the SAVE plan from the income repayment plan, but it says it’s only $0 till 2025? I also have federal and private loans for my graduate school loans. Should I consolidate or does it not apply to me?
Hi! I recommend looking up your employer on the pslf site to see if they qualify: studentaid.gov/pslf/employer-search If your loans are eligible for PSLF then it may benefit you to consolidate the undergrad and grad loans if they have different pslf-qualifying repayment periods. For example if you have 60 months of qualifying repayments for your undergrad and 12 qualifying for grad then by consolidating your new loan would have 60 qualifying payments, thereby eliminating 4 years of payments from your grad school loans. I recommend you call your servicer or the dept of education and ask them about your situation before making any moves. As for your $0 payment, that gets updated yearly based on income and family size so it may change every year. Thanks for watching! -k
Hi! Whether or not you should consolidate can be genuinely confusing!! It isn’t for everyone, I lay out the reasons why you may want to consolidate in the vid, if you still aren’t sure I recommend you call your loan servicer and speak with them. Thanks for watching! -k
Hi @meandmycolors - yes, it's the same thing, they changed the deadline and my old video kept saying "April 30th" so I wanted to put out another video with the correct timeframe. Thanks for watching! -k
Who should I call an out whether I qualify? I feel like the new loan borrower won’t inform me of the correct information. They told me to consolidate my loan. 😢
Hi! Contact the dept of Education - their number is in the description. Since they have access to your acct info they’ll be able to give you the best direction. Thanks for watching! -k
Hi @pattiboilore7898 - sort of. (yeah, I wish I had a better answer for you, too!) Parent Plus loans would need to be consolidated TWICE to get the "stink" of the PPL of it so it's eligible for SAVE. Unfortunately that takes, at best, four months, so chances are you'd lose your payment history. This is called the Double Consolidation Loophole. It is going away in July of 2025. Here's my vid on it if you'd like to know more - it could drastically drop your monthly payment: th-cam.com/video/zSyV-aIH2Gs/w-d-xo.html Thanks for watching! -k
Hi! There may be benefits but it'll depend on your whole student loan situation. I'd call the Dept of Ed and ask them to look at your file and see what benefits (and drawbacks) there could be by consolidating. Thanks for watching! -k
Correct me if I'm wrong, I have 2 student loans that are over 20 years old. Currently I am in IBR and my payment is zero. Since 20 years have past and taking into account it is the total loan hisistory time regardless if these loans were in foreberance or IBR ?
Hi @Wistundra - If you consolidate these loans they'll take the longer of the repayment history and apply it to the new loan. The IDR recount will update the number of payments that count towards forgiveness - some forbearances will count, some won't. There's a great FAQ at the end of this page that should help you understand how many payments will count and which won't: studentaid.gov/announcements-events/idr-account-adjustment With the IBR plan you get forgiveness for the remaining balance after 20 years if you're a new borrower on or after July 1, 2014 and 25 years if you're not a new borrower on or after July 1, 2014. If you haven't checked out your options for repayment in a while, I'd log on to studentaid.gov and see what the other plans offer you as far as monthly payment and when they'd be forgiven. With all the updates you may be better off on one of the other income driven repayment plans. Good luck and thanks for watching! -k
If I consolidate, my monthly payment will most likely increase significantly. I have 3 loans. The largest has about 36 payments left until PSLF and the others have many more. My concern is if I consolidate, they will reset my payments to 0 or some average of the 3 loans OR the next administration will cancel PSLF and I will be stuck with a much higher payment for many years to come.
Hi! If you do consolidate, everyone's payment count drops to "0" initially, but this gets updated within a few months - don't worry about that but definitely take screenshots and get documentation of your payment history before you consolidate on the very off chance something gets lost in the transition. PSLF, unlike a lot of the other student loan forgiveness that's been in the news recently, is federal law, passed by Congress in 2007 and would require an act of Congress to stop it. It is highly, highly unlikely it's going anywhere anytime soon (which isn't to say that isn't possible, it's just extremely unlikely) so I wouldn't worry about that. If you have one loan with three years of payments before getting forgiven via PSLF and other loans with many more years before forgiveness, this consolidation would make all the loans get forgiven in three years. I recommend calling the Dept of Ed to double check this is what will happen and they can also talk you through all your repayment options (for PSLF you'll need to be on one of the IDR plans. if you do want to get PSLF, it's wisest to go with the one with the lowest monthly payment - see my vid here for more: th-cam.com/video/gGX7WOwjMjo/w-d-xo.html ) Hope this helps and thanks for watching! -k
Hi! Ugh!! Just like any phone customer service org, sometimes you get a great person…sometimes you get a useless one☹️ You may want to call again and speak with someone else or call your loan servicer and hope you get someone useful! Thanks for watching and good luck! -k
Hi!! Hope you like it - it’s an update to an earlier vid about the student loan consolidation deadline as they changed it from April 30th to June 30th and I wanted to have something out there for the new due date. Thanks for watching!! -k
Thank you for all the information you put out there about this. It's so helpful in understanding and taking action on my loans. Could you put out some kind of content discussing the Art Institute discharge put out by the Biden Admin? I am partially in and partially out of the timeframe, and I'm wondering how it will affect me. I'm also consolidating to make my loans eligible for either the discharge or SAVE. ❤
Hi @jcwdesigns82 - Thank you for your kind words! That's a great idea, I'll put it on my (ever increasing) video list! Sorry to hear you went to a school that ended up being so predatory they had to have a federal ruling against them - but super glad the government is making it up to the students!! According to this press release you shouldn't have to do anything to get your loans forgiven via this ruling (www.ed.gov/news/press-releases/biden-harris-administration-approves-61-billion-group-student-loan-discharge-317000-borrowers-who-attended-art-institutes) I'd contact the Dept of Ed to ask about your timeframe issue - and take good notes in case what they say ends up not being what happens. I'd also ask about consolidating - as long as you're within the June 30th deadline I don't *think* this will cause any issues with the Borrower Defense group discharge of loans but you never know. Good luck and thanks for watching! -k
@@themoneylibrarian Thanks for the reply and adding it to the list. Agreed, it's unfortunate that I fell for their practices, but I've luckily been in my field for almost 20 years, so it's not a totally bad ending. I'll be thankful to be rid of the baggage though, if and when it comes through. Thanks again for all you do!
Oh no!! Sorry to hear this, with how much changes all the time in student loans 🤞 they extend this program. Keep an eye on the news or this channel to stay up to date. Good luck and thanks for watching! -k
i came across this video and was wondering if you could do a follow-up on FFEL loans. I followed your advice and directly consolidated and everything has been stuck in limbo.
Hi! As long as you got the consolidation in on time you should be good to go!! Thanks for watching and good luck - k
@@themoneylibrarian according to the MPN that I signed to consolidate my old loans directly with the dept of education to get on the SAVE plan clearly states that my prior payments would not count towards loan forgiveness. Both nelnet and the dept told me not to worry and that I would still get the one time account adjustment and be on my way to loan forgiveness. Unfortunately, I do not think i will get that golden email before trump gets into office. Even if I get on the ICR/IBR?IDR plan I fear that my 20 year would start all over.
Thank you so much for this update! I hope the people who missed out on the April 30th deadline become aware of this one. On the studentaid website, if you're not already informed and aren't sure where to look on the site, it isn't easy to find info about the extended date. Actually it seems like website has gone a bit low profile. Before April, the site was very informative about one time adjustment, consolidation, deadlines, etc.
Wow - you're right, I just went to their website and couldn't find the IDR recount page easily. I had to do a search and found this page: studentaid.gov/announcements-events/idr-account-adjustment
Thanks! -k
@@themoneylibrarian Hello! Thanks for your respone :). Great you found a link. I only found mention of the June 30th deadline when I went to the search bar and typed "one time adjustment." Consequently, I saw the article that was easily accessible in April on the main pages that formerly mentioned the April 30th deadline. studentaid.gov/announcements-events/idr-account-adjustment Oh I just saw that it's the same one you found. :)
🤣 Great minds think alike!
@@themoneylibrarian Hello! I just wrote a long post after speaking with the personnel at the dept of edu. It didn't make it to post mode. I don't know what happened. So, I'll try again tomorrow, because it's almost 1:00AM in France. So far, things are on pause until July 1st. They shall pick back up and start reviewing again after that date. :)
I am 76 years old, still have student loans and on social security. I really would like to see loan forgiveness for us "wisdom timers".
Hi! Sorry to hear this!! With the IDR recount you should be getting closer to forgiveness - def call your servicer and see what you can do to speed this up!
Good luck and thanks for watching!! -k
@@themoneylibrarian Thank you for your response and advice.
what should we do if we missed this?
Hi! Sorry to hear this! I suggest calling your student loan company to learn your options. They may have suggestions based on your history and situation.
Thanks for watching and good luck! -k
Question!! I'm in the PSLF REPAYE Plan and my quoted monthly payment wouldn't even cover the interest rate of my student loans. Is it worth it to just pay what they quote you (and watch the loan grow bigger) or should I pay more per month? Has anyone here done what they were told and still didn't qualify?? Looking for lessons learned!
Hi! If you’re going for PSLF it doesn’t make sense to pay any more than you have to since whatever your balance is at the end of 10 years is forgiven. That said, if life gets lifey, and you end up leaving qualifying employment, you could be on the hook for owing much more.
I recommend watching this video on what to do NOW if you’re going for PSLF later:
th-cam.com/video/gGX7WOwjMjo/w-d-xo.htmlsi=nfYJNk4mn7G1on4J
Good luck and thanks for watching! -k
Hello! Fellow librarian here! Your videos have been so helpful to me. Thank you!! I ignored the April 30th deadline thinking it wouldn't apply for me, and i was so wrong so thank you for spreading the word! I guess the one question I have based on this update-- when you discuss the number of months of repayment re-adjusting how much time each person has left for forgiveness, does this still apply if you did not apply for PSLF before this? I have been working at a public library for 8 years but because of how messy and confusing PSLF was at the time, I thought I was supposed to wait until I had finally made the 120 months of payments. Even though I've been making payments I'm not sure that they will count because I didn't apply earlier, even though I have been qualifying for a while now. I'm going to call the dept. of education and see what they say, but if you have thoughts I would love to hear them!
Yay libraries and librarians! Glad the vids have been helpful!
It could still apply even if you haven't had applied to have time in repayment PSLF-qualified (that is, you've never sent in the PSLF form). If you called the Dept of Ed then they probably were able to help you out for your situation. For anyone else reading, here's a common situation where the consolidation could take time off your loans with PSLF -
- you have been working in a pslf-qualifying job for a few years and paying back student loans, then you go back to school for a year, take out more loans, and after go back to a pslf-qualifying job.
By consolidating the original loans which have years of repayments (say they have 3 more years to go before they get forgiven) with the new loans with far fewer repayments (9 years until PSLF forgiveness) - and all these periods meet the PSLF qualifications, see my vid here for more: th-cam.com/video/XrJ0D_uIn-I/w-d-xo.html - now the new, consolidated loan will only have 3 years until it's forgiven through PSLF!
note: this may not work as well for 20/25 year *IDR forgiveness* as consolidating undergrad (forgiven in 20) and grad loans (forgiven in 25) will now have to have 25 years in repayment for forgiveness.
Thanks for watching and please share so others don't miss out on this important deadline! -k
If I have an FFELP Consolidation Loan did someone already comsolidate it for me? Sloan is my servicer, but as i went to consolidate i didnt know if it made sense to consolidate a loan i have been paying on since 2002, used to be like 20 loans in the past but I have no friggin clue whats going on.
Hi! You can see your loan details at studentaid.gov
If it still says FFEL then you probably want to consolidate to turn it into a Direct Consolidation Loan before the end of the month otherwise you’ll lose your payment history and restart the forgiveness clock😩. Definitely call your servicer as they can give you personalized help.
Thanks for watching! -k
How about if I'm on the save plan do I consolidate
Hi! If your loans have different amounts of time in repayment you may want to consolidate so the new loan has the longest payment history and is that much closer to forgiveness. Contact your loan servicer as they can tell you all the ins and outs.
Thanks for watching! -k
I have all undergraduate loans and consolidated only 2 FFEL loans in 2022 but not my 12 direct loans as previously advised. I recently found out (before 4/30/24) that if I consolidate them all together, all would have loans would have been cancelled as the FFELloans were forgiven in 2023. Will my brew consolidation count my time in repayment for the FFEL loans already forgiven from 2020. These were sine separately, am I screwed?!
Hi! Only if the FFEL loans are still in repayment can you consolidate them all - but if they’ve been forgiven, there is no FFEL loan to include with your Direct loans. 😢
I don’t want you to think of yourself as “screwed” - you took the best option available with the information available.
I suggest you call the Dept of Ed and talk to them as they’ll be able to look at your account and might be able to help you.
Good luck and thanks for watching! -k
Hello, I have two direct fed loans one subsidized and one unsubsidized. Should they be consolidated or just keep the two direct. Thank you
Hi! I go into the reasons you may want to consolidate in the vid, you may want to call your loan servicer to chat about your particular situation to see if it would be advantageous for you.
Thanks for watching! -k
@@themoneylibrarian Thank you!
Hi! I have undergrad loans from 2012 and also newer grad loans from 2022. If I consolidate, will the recount apply to the 2022 loans? Thanks!
Hi! Yes, if you combine the loans the recount will apply to the new loan but be careful - it’ll abide by the rules of grad loans, the most notable being IDR forgiveness in 25 - not 20 years.
Like I mention in the vid, know why you want to consolidate your student loans before consolidating them - and definitely call your student loan servicer or the dept of education before consolidating so you know the benefits and drawbacks before hand.
Thanks for watching! -k
Hi! I would love some help to know if this benefits me. I work for a non profit now but I don’t think they qualify for the PSFL for some weird reason. I was able to switch to the SAVE plan from the income repayment plan, but it says it’s only $0 till 2025? I also have federal and private loans for my graduate school loans. Should I consolidate or does it not apply to me?
Hi! I recommend looking up your employer on the pslf site to see if they qualify: studentaid.gov/pslf/employer-search
If your loans are eligible for PSLF then it may benefit you to consolidate the undergrad and grad loans if they have different pslf-qualifying repayment periods.
For example if you have 60 months of qualifying repayments for your undergrad and 12 qualifying for grad then by consolidating your new loan would have 60 qualifying payments, thereby eliminating 4 years of payments from your grad school loans.
I recommend you call your servicer or the dept of education and ask them about your situation before making any moves.
As for your $0 payment, that gets updated yearly based on income and family size so it may change every year.
Thanks for watching! -k
I am really confused I have student loans from undergrad 2013 and I also have student loans from grad school should I consolidate?
Hi! Whether or not you should consolidate can be genuinely confusing!! It isn’t for everyone, I lay out the reasons why you may want to consolidate in the vid, if you still aren’t sure I recommend you call your loan servicer and speak with them.
Thanks for watching! -k
What happened to the April 30 deadline? Is this about the same thing?
Hi @meandmycolors - yes, it's the same thing, they changed the deadline and my old video kept saying "April 30th" so I wanted to put out another video with the correct timeframe.
Thanks for watching! -k
Who should I call an out whether I qualify? I feel like the new loan borrower won’t inform me of the correct information. They told me to consolidate my loan. 😢
Hi! Contact the dept of Education - their number is in the description. Since they have access to your acct info they’ll be able to give you the best direction.
Thanks for watching! -k
Does this happen to apply for parent plus loans?
Hi @pattiboilore7898 - sort of. (yeah, I wish I had a better answer for you, too!)
Parent Plus loans would need to be consolidated TWICE to get the "stink" of the PPL of it so it's eligible for SAVE. Unfortunately that takes, at best, four months, so chances are you'd lose your payment history.
This is called the Double Consolidation Loophole. It is going away in July of 2025. Here's my vid on it if you'd like to know more - it could drastically drop your monthly payment: th-cam.com/video/zSyV-aIH2Gs/w-d-xo.html
Thanks for watching! -k
Is it still a good idea and/or required to consolidate all Direct loans if I'm finishing grad school and about to choose an IDR plan?
Hi! There may be benefits but it'll depend on your whole student loan situation. I'd call the Dept of Ed and ask them to look at your file and see what benefits (and drawbacks) there could be by consolidating.
Thanks for watching! -k
Correct me if I'm wrong, I have 2 student loans that are over 20 years old. Currently I am in IBR and my payment is zero. Since 20 years have past and taking into account it is the total loan hisistory time regardless if these loans were in foreberance or IBR ?
Hi @Wistundra - If you consolidate these loans they'll take the longer of the repayment history and apply it to the new loan. The IDR recount will update the number of payments that count towards forgiveness - some forbearances will count, some won't. There's a great FAQ at the end of this page that should help you understand how many payments will count and which won't: studentaid.gov/announcements-events/idr-account-adjustment
With the IBR plan you get forgiveness for the remaining balance after 20 years if you're a new borrower on or after July 1, 2014 and 25 years if you're not a new borrower on or after July 1, 2014.
If you haven't checked out your options for repayment in a while, I'd log on to studentaid.gov and see what the other plans offer you as far as monthly payment and when they'd be forgiven. With all the updates you may be better off on one of the other income driven repayment plans.
Good luck and thanks for watching! -k
@@themoneylibrarian Thanx ! that page answered a lot of questions !! ☺
If I consolidate, my monthly payment will most likely increase significantly. I have 3 loans. The largest has about 36 payments left until PSLF and the others have many more. My concern is if I consolidate, they will reset my payments to 0 or some average of the 3 loans OR the next administration will cancel PSLF and I will be stuck with a much higher payment for many years to come.
Hi! If you do consolidate, everyone's payment count drops to "0" initially, but this gets updated within a few months - don't worry about that but definitely take screenshots and get documentation of your payment history before you consolidate on the very off chance something gets lost in the transition.
PSLF, unlike a lot of the other student loan forgiveness that's been in the news recently, is federal law, passed by Congress in 2007 and would require an act of Congress to stop it. It is highly, highly unlikely it's going anywhere anytime soon (which isn't to say that isn't possible, it's just extremely unlikely) so I wouldn't worry about that.
If you have one loan with three years of payments before getting forgiven via PSLF and other loans with many more years before forgiveness, this consolidation would make all the loans get forgiven in three years. I recommend calling the Dept of Ed to double check this is what will happen and they can also talk you through all your repayment options (for PSLF you'll need to be on one of the IDR plans. if you do want to get PSLF, it's wisest to go with the one with the lowest monthly payment - see my vid here for more: th-cam.com/video/gGX7WOwjMjo/w-d-xo.html )
Hope this helps and thanks for watching! -k
They've started sending letters for possible additional SAVE IDR benefits starting July !
Hi! That’s great!!!! Thanks for the update! -k
The Dep. of Ed agent I spoke with knew NOTHING. He knew practically nothing except reading off a script.
Hi! Ugh!! Just like any phone customer service org, sometimes you get a great person…sometimes you get a useless one☹️
You may want to call again and speak with someone else or call your loan servicer and hope you get someone useful!
Thanks for watching and good luck! -k
Can't wait to watch tomorrow. Alas...it's time for bed. Up for work at the crack of dawn....Gotta pay that Student Loan. arghhh
Hi!! Hope you like it - it’s an update to an earlier vid about the student loan consolidation deadline as they changed it from April 30th to June 30th and I wanted to have something out there for the new due date.
Thanks for watching!! -k
Thank you for all the information you put out there about this. It's so helpful in understanding and taking action on my loans.
Could you put out some kind of content discussing the Art Institute discharge put out by the Biden Admin? I am partially in and partially out of the timeframe, and I'm wondering how it will affect me. I'm also consolidating to make my loans eligible for either the discharge or SAVE. ❤
Hi @jcwdesigns82 - Thank you for your kind words! That's a great idea, I'll put it on my (ever increasing) video list!
Sorry to hear you went to a school that ended up being so predatory they had to have a federal ruling against them - but super glad the government is making it up to the students!!
According to this press release you shouldn't have to do anything to get your loans forgiven via this ruling (www.ed.gov/news/press-releases/biden-harris-administration-approves-61-billion-group-student-loan-discharge-317000-borrowers-who-attended-art-institutes)
I'd contact the Dept of Ed to ask about your timeframe issue - and take good notes in case what they say ends up not being what happens. I'd also ask about consolidating - as long as you're within the June 30th deadline I don't *think* this will cause any issues with the Borrower Defense group discharge of loans but you never know.
Good luck and thanks for watching! -k
@@themoneylibrarian Thanks for the reply and adding it to the list. Agreed, it's unfortunate that I fell for their practices, but I've luckily been in my field for almost 20 years, so it's not a totally bad ending. I'll be thankful to be rid of the baggage though, if and when it comes through.
Thanks again for all you do!
Glad you’ve had such a successful career!! 😀
Good luck with Borrower Defense🍀, let me know how it goes! -k
Dam I missed out just now seeing this.
Oh no!! Sorry to hear this, with how much changes all the time in student loans 🤞 they extend this program. Keep an eye on the news or this channel to stay up to date.
Good luck and thanks for watching! -k
@@themoneylibrarian You definitely got my sub, I never watch the news.