I have 2 years left on my PSLF. Can’t wait. I got lawyers and paper work ready in case the new administration wants to start some stuff with the PSLF program.
same timeline for me. I'm really close. They have been tracking my payments for years with certified employment, etc. I find it hard to believe the government would not accept loan forgiveness after being on this track for years.
I hit my 120 months of employment on 8/14/24 and applied to buy back 9 payments on 8/31/24. I call monthly to make sure my PSLF buyback application is still there and in good standing. They confirm they have it and are working behind the scenes to push them through as fast as possible. Today (12/2/24) marks 93 days since I applied. I certify my employment monthly on the day my payment comes out. So that’s current. I now only have 5 payments to buy back. I’m hoping they can get me processed by 1/20 when the new administration comes in, but I’m not counting on it. Department of Ed moves painfully slow.
I am at 118 qualifying but hit my 120 months also in August. I signed up for the SAVE program then it hit paused. I would love to know how to request to buy back those 2 months. Any pointers? Thanks for any help you can give.
My loan was forgiven in June and removed from my Credit then it returned in August (I need to check my dates).. I am unemployed, retired on SSI. Mohela is continuously sending mail about payments. No IBR has come in the mail. Its difficult to get any loan or any assistance? Homeless (financial crisis). What advice can you give. My other bills are increasing. Stressful!! 😊
I am in PSLF, and, like everyone else who was placed in SAVE, I am in forbearance right now. Yet, today, I got a letter from MOHELA reminding me that interest is accruing while I am in forbearance--this despite the fact MOHELA's last letter to me confirmed that no interest would accrue during the forbearance. (I figure the letter is some kind of screw up. I will follow up in writing with MOHELA tomorrow.) Just wondering...did anyone else get a similar letter?
Parent has worked in state government for almost 20 years. Had them consolidate before the Oct. 2022 deadline for TEPSLF as they still had a FFEL loan. Did PSLF form at the same time and they got denied as they hadn't processed the consolidation so they had the "wrong loan type". Just did a new PSLF form to get a payment count before the administration change. Hoping it works out!
They are still not showing credit for my payments made from 2012 to 2020 for PSLF after consolidation in March. They are only showing 6 payments that are from recent employment. This is soooo frustrating
I’m stuck on SAVE too. They say I cannot change to another because they aren’t even processing other payment plan requests. It’s so confusing and annoying.
Any thoughts on REPAYE people who due to age of loans can’t go to PAYE and are stuck on SAVE? Hold tight on the forbearance and try a buyback vs early switch to IBR? Will we be able to go to IBR and then to whatever comes out of the ashes of SAVE? I’ve got 36 qualifying payments left.
PSLF: If borrowers working towards PSLF forgiveness apply to switch from SAVE to IBR, will they still qualify for the PSLF buyback once they hit 120 months of employment credit? Certain loan advisors are saying that the PSLF buyback only applies to those borrowers who hit 120 months of employment credit during an administrative forbearance (SAVE) vs a processing forbearance (applying for new loan payment plan) or other repayment plan. Thus, moving to an IBR repayment plan will essentially disqualify you from the buyback opportunity. Can you please advise on whether this is correct?
I made my 120th payment on June 2 and was put in forbearance on June 11. They still won’t count my 120th and still say I was in forbearance even after providing documentation that proves otherwise! Is this a scam? I have submitted a reconsideration form September 30th and have yet to receive a response. This whole ordeal has left me feeling sick, exhausted, depressed and disrespected. I call every week and nothing changes.
I’m on the save plan and was put into involuntary forebareance. I’m would’ve hit my 120. But, just like you said I was denied buyback. Where do I submit my appeal and what is the verbiage I’m suppose to use? I also just got notification my loans are not collecting interest.
I'm at the beginning of my journey. I graduated in May, been in grace period. Submitted by IDR application to EdFinancial, and I am still not in the 60 day forbearance. They say that I am "in repayment" until January 13th, even though a zero balance is due. I tried to explain that I should have been in the 60 day forbearance from when they received my IDR application. I was told to expect a telephone call from a supervisor within the next 48 hours.
At 118/120 before the MOHELA transition wouldn’t autopay my June payment, and then subsequent save forbearance Submitted a PSLF buyback request for June and July. There’s no way to track it whether it gets rejected or not. So waiting for an email that has a buyback offer. Do you have any guidance or insight or videos for navigating the buyback process?
PSLF, I had both MOHELA, FedLoan servicing and Navient not count some of my payments . Thank you Department of Education for starting count, but the darn forbearance puts me in a back up. Otherwise I would be done in April 2025 if the final count is corrected
I was told I have 108 eligible payments out of 120 although I have worked in PS for over 15 years. There is a four year period that was not counted as they stated it was because of the loan type. I have submitted a reconsideration to consider the other 12 months. I am so confused with all of this! I don't know what was done in the 4 years that was not done for all the other years. No one seems to know and I have been passed around on the telephone without any answers. I am not sure what to do next! Any help would be appreciated.
PSLF. I applied for consolidation late June. Just got notified that I have 178 qualifying payments. It’s really the tslpf. But my application for IDR went in at the same time and says in process. What does this all mean.
I consolidated in Dec 2023 when they claimed the deadline was and have not heard back about my credits. I have been paying for over 20 years, diligently,and expect to have my loans forgiven. I'm annoyed I have not heard anything! Mine is not PSLF, Mine is IDR
PSLF! I consolidated in April. Last week, they finally updated some of my payments in my new consolidated loan. I am at 118, but I have already submitted a PSLF form in April which should have updated my payment counts by another 4 months putting me over the necessary 120 payments. I am requesting another payment count and a new PSLF form. They told me they still have not applied my one time payment count adjustment. Getting nervous that this is taking too long.
Here you go: www.studentloanplanner.com/pslf-checklist/ You're doing all you can. I say stay the course and lets see what these coming months entail. Keep us updated!
Have one consolidated loan I’m going to be trying for PSLF and one larger unconsolidated defaulted loan , my defaulted loan is astronomical with the interest and both are old. Consolidated was before 2000 and other defaulted from 2005. Wouldn’t i be better off just trying to get them discharged in bankruptcy? I thought they were working on a program for individual whose loans are 20+ years old as well, what happened with that?
My count says 110/120. Does that mean I only need to make 10 more payments? Or does that mean based on my employment, there have been 110 eligible months that I COULD'VE made payments? My loans were in default at one period, so idk if I've made 110 payments.
What plans does the pslf plan qualify for? I get confused with hearing the 10 yr standard payment qualifies for PSLF. Because if that's true then I could potentially just ride that out for my 22 remaining payments.
The standard ten years doesn't qualify; you would have paid off your loans anyways on the standard 10-year plan. You have to be on an income-based payment plan (ICR, IBR, SAVE).
Im dreading starting this process. Our first payments for a standard plan is in july. I am tempted to drop these loans into a home equity line. I know this isnt optimal. Every 4 years of fighting with a new administration is what i have been watching since my kids have been in school. One is graduating in a month, with 6 months of differment after that, this is not something im willing to deal with and i am 10 years away from retirement and have these parent direct loans for my kids.
For those of you in the current admin forbearance, does your mohela account say you're in standard repayment? My account shows zero payment is due, but it's labeled standard repayment. 🤔
So in my situation..I have 103 qualifying payments toward PSLF and a smaller loan with 18 qualifying payments. I asked about consolidating the two loans so I could count those 18 payments. I didn't know if it was worth doing because I was told they take a weighted average. I was also afraid that my payment count would reset so I didn't submit the application. Thoughts on what to do?
So I am moving towards forgiveness under PSLF and am at 89 payments. I have two years of employment that STILL have not been certified and my payment counts have not been updated. So whenever they decide to certify my employer- which is most definitely a qualifying employer and I have been working full time- I will be around 109 payments. So close! My income is around 80k annually. My question is, should I try to do the buyback thing? I have heard that you have to make some sort of lump sum amount and I’m a little bit confused about that. Does that mean I have to she’ll out money out of pocket to give the government to be able to do the buyback option? Thank you.
Is there any recourse at all if you have made payments during in- school deferment? I made two years worth of full payments while in this status. Some people were getting their status retroactively changed to "in repayment". I called Mohela twice in 2023 and requested this. They said they would get back to me and never did.
My loans are at zero, (via PSLF) per MOHELA and Dept of Ed. MOHELA refuses to report this to the credit bureaus. I filed a dispute with all three bureaus. MOHELA told them the loans are not forgiven , and they wrote me that. WHY?!
You're doing a fantastic job! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
I have Direct loans on PSLF. I was once told not to consolidate as that would negate my forgiveness. Can I consolidate and not have it affect my forgiveness and have lower payments maybe? And I’d like the PSLF checklist, please.
Boy I’m glad some people have that much money on hand. Why are they on a plan like this? Have a couple years of payments from forbearance and then the money on hand to pay the taxes on the forgiveness. Good for you if you are that person. Most of us can’t come close to do this.
The only reason I might be able to do it is because of a loan repayment program stipend I was awarded through my county. I will still have to wait until March for them to disburse it though, so I'm hoping this program will be able to apply my reward towards a buyback so I can be done with all of this. I plan to switch to IBR before then. If it wasn't for this reward, I'd just have to pay my last 12 months towards PSLF out of pocket. By March, the administration could have made some extreme changes, so in order to shield myself from the brunt of all those changes, I'm just going to switch from SAVE to IBR now.
I have all 120 years of verified employment as a teacher and 117 payments eligible for forgiveness. Should I just wait? What exactly would I be waiting for? I don't know what to do!
A lot of assumptions. I stayed on PAYE and was transferred from MOHELA to Aidvantage. About 1.5 yrs until PSLF completed. Non of what you're talking about applies to my situation.
Here is the PSLF checklist for those that are interested: www.studentloanplanner.com/pslf-checklist/
I have 2 years left on my PSLF. Can’t wait. I got lawyers and paper work ready in case the new administration wants to start some stuff with the PSLF program.
same timeline for me. I'm really close. They have been tracking my payments for years with certified employment, etc. I find it hard to believe the government would not accept loan forgiveness after being on this track for years.
@@jbarkley4938653 I’ve had my lawyer on retainer awaiting my date too which is also in two years.
Share your lawyer. I'm tired of them violating our legal contract !!
You are doing the lord's work!! Thank you for this info
I hit my 120 months of employment on 8/14/24 and applied to buy back 9 payments on 8/31/24. I call monthly to make sure my PSLF buyback application is still there and in good standing. They confirm they have it and are working behind the scenes to push them through as fast as possible. Today (12/2/24) marks 93 days since I applied. I certify my employment monthly on the day my payment comes out. So that’s current. I now only have 5 payments to buy back. I’m hoping they can get me processed by 1/20 when the new administration comes in, but I’m not counting on it. Department of Ed moves painfully slow.
I am in the same spot. Sending you good wishes and luck!
I am at 118 qualifying but hit my 120 months also in August. I signed up for the SAVE program then it hit paused. I would love to know how to request to buy back those 2 months. Any pointers? Thanks for any help you can give.
Same spot, 118/120 put in buy back in September, still in review
Mine has been on hold since February 2024!!!
My loan was forgiven in June and removed from my Credit then it returned in August (I need to check my dates).. I am unemployed, retired on SSI. Mohela is continuously sending mail about payments. No IBR has come in the mail. Its difficult to get any loan or any assistance? Homeless (financial crisis). What advice can you give. My other bills are increasing. Stressful!! 😊
I am in PSLF, and, like everyone else who was placed in SAVE, I am in forbearance right now. Yet, today, I got a letter from MOHELA reminding me that interest is accruing while I am in forbearance--this despite the fact MOHELA's last letter to me confirmed that no interest would accrue during the forbearance. (I figure the letter is some kind of screw up. I will follow up in writing with MOHELA tomorrow.) Just wondering...did anyone else get a similar letter?
Oh Lord. Let me look
I got the same letter today!
No I just got the same letter.
Got the same letter
Already at 120
I got the same letter...
Parent has worked in state government for almost 20 years. Had them consolidate before the Oct. 2022 deadline for TEPSLF as they still had a FFEL loan. Did PSLF form at the same time and they got denied as they hadn't processed the consolidation so they had the "wrong loan type". Just did a new PSLF form to get a payment count before the administration change. Hoping it works out!
Update! Golden letter was emailed right before Christmas for them finally getting forgiveness.
Mine went through! Keep applying!
They are still not showing credit for my payments made from 2012 to 2020 for PSLF after consolidation in March. They are only showing 6 payments that are from recent employment. This is soooo frustrating
PSLF!
I'm within 2 years of PSLF (20 remaining payments) but stuck on SAVE. I appreciate all your insight.
Thanks for listening! Here you go: www.studentloanplanner.com/pslf-checklist/
I’m stuck on SAVE too. They say I cannot change to another because they aren’t even processing other payment plan requests. It’s so confusing and annoying.
@@malstarrainbow 🫠🥴
Thank You 🙏🏼 for the information
Any thoughts on REPAYE people who due to age of loans can’t go to PAYE and are stuck on SAVE? Hold tight on the forbearance and try a buyback vs early switch to IBR? Will we be able to go to IBR and then to whatever comes out of the ashes of SAVE? I’ve got 36 qualifying payments left.
PSLF: If borrowers working towards PSLF forgiveness apply to switch from SAVE to IBR, will they still qualify for the PSLF buyback once they hit 120 months of employment credit? Certain loan advisors are saying that the PSLF buyback only applies to those borrowers who hit 120 months of employment credit during an administrative forbearance (SAVE) vs a processing forbearance (applying for new loan payment plan) or other repayment plan. Thus, moving to an IBR repayment plan will essentially disqualify you from the buyback opportunity. Can you please advise on whether this is correct?
I made my 120th payment on June 2 and was put in forbearance on June 11. They still won’t count my 120th and still say I was in forbearance even after providing documentation that proves otherwise! Is this a scam? I have submitted a reconsideration form September 30th and have yet to receive a response. This whole ordeal has left me feeling sick, exhausted, depressed and disrespected. I call every week and nothing changes.
I’m on the save plan and was put into involuntary forebareance. I’m would’ve hit my 120. But, just like you said I was denied buyback. Where do I submit my appeal and what is the verbiage I’m suppose to use? I also just got notification my loans are not collecting interest.
I'm at the beginning of my journey. I graduated in May, been in grace period. Submitted by IDR application to EdFinancial, and I am still not in the 60 day forbearance. They say that I am "in repayment" until January 13th, even though a zero balance is due. I tried to explain that I should have been in the 60 day forbearance from when they received my IDR application. I was told to expect a telephone call from a supervisor within the next 48 hours.
At 118/120 before the MOHELA transition wouldn’t autopay my June payment, and then subsequent save forbearance Submitted a PSLF buyback request for June and July. There’s no way to track it whether it gets rejected or not. So waiting for an email that has a buyback offer. Do you have any guidance or insight or videos for navigating the buyback process?
PSLF, I had both MOHELA, FedLoan servicing and Navient not count some of my payments . Thank you Department of Education for starting count, but the darn forbearance puts me in a back up. Otherwise I would be done in April 2025 if the final count is corrected
I was told I have 108 eligible payments out of 120 although I have worked in PS for over 15 years. There is a four year period that was not counted as they stated it was because of the loan type. I have submitted a reconsideration to consider the other 12 months. I am so confused with all of this! I don't know what was done in the 4 years that was not done for all the other years. No one seems to know and I have been passed around on the telephone without any answers. I am not sure what to do next! Any help would be appreciated.
PSLF. I applied for consolidation late June. Just got notified that I have 178 qualifying payments. It’s really the tslpf. But my application for IDR went in at the same time and says in process. What does this all mean.
I consolidated in Dec 2023 when they claimed the deadline was and have not heard back about my credits. I have been paying for over 20 years, diligently,and expect to have my loans forgiven. I'm annoyed I have not heard anything! Mine is not PSLF, Mine is IDR
PSLF! I consolidated in April. Last week, they finally updated some of my payments in my new consolidated loan. I am at 118, but I have already submitted a PSLF form in April which should have updated my payment counts by another 4 months putting me over the necessary 120 payments. I am requesting another payment count and a new PSLF form. They told me they still have not applied my one time payment count adjustment. Getting nervous that this is taking too long.
Here you go: www.studentloanplanner.com/pslf-checklist/
You're doing all you can. I say stay the course and lets see what these coming months entail. Keep us updated!
Have one consolidated loan I’m going to be trying for PSLF and one larger unconsolidated defaulted loan , my defaulted loan is astronomical with the interest and both are old. Consolidated was before 2000 and other defaulted from 2005. Wouldn’t i be better off just trying to get them discharged in bankruptcy? I thought they were working on a program for individual whose loans are 20+ years old as well, what happened with that?
PSLF Please send check list. Thank you for the insight.
Here you go: www.studentloanplanner.com/pslf-checklist/
Travis, why don't u picket the 8th circuit court?
My count says 110/120. Does that mean I only need to make 10 more payments? Or does that mean based on my employment, there have been 110 eligible months that I COULD'VE made payments? My loans were in default at one period, so idk if I've made 110 payments.
What plans does the pslf plan qualify for? I get confused with hearing the 10 yr standard payment qualifies for PSLF. Because if that's true then I could potentially just ride that out for my 22 remaining payments.
The standard ten years doesn't qualify; you would have paid off your loans anyways on the standard 10-year plan. You have to be on an income-based payment plan (ICR, IBR, SAVE).
Im dreading starting this process. Our first payments for a standard plan is in july. I am tempted to drop these loans into a home equity line. I know this isnt optimal. Every 4 years of fighting with a new administration is what i have been watching since my kids have been in school. One is graduating in a month, with 6 months of differment after that, this is not something im willing to deal with and i am 10 years away from retirement and have these parent direct loans for my kids.
For those of you in the current admin forbearance, does your mohela account say you're in standard repayment? My account shows zero payment is due, but it's labeled standard repayment. 🤔
Yes. Same here.
So in my situation..I have 103 qualifying payments toward PSLF and a smaller loan with 18 qualifying payments. I asked about consolidating the two loans so I could count those 18 payments. I didn't know if it was worth doing because I was told they take a weighted average. I was also afraid that my payment count would reset so I didn't submit the application. Thoughts on what to do?
So I am moving towards forgiveness under PSLF and am at 89 payments. I have two years of employment that STILL have not been certified and my payment counts have not been updated. So whenever they decide to certify my employer- which is most definitely a qualifying employer and I have been working full time- I will be around 109 payments. So close! My income is around 80k annually. My question is, should I try to do the buyback thing? I have heard that you have to make some sort of lump sum amount and I’m a little bit confused about that. Does that mean I have to she’ll out money out of pocket to give the government to be able to do the buyback option? Thank you.
Is there any recourse at all if you have made payments during in- school deferment? I made two years worth of full payments while in this status. Some people were getting their status retroactively changed to "in repayment". I called Mohela twice in 2023 and requested this. They said they would get back to me and never did.
I have 3 months left on 120 payments for PSLF. I have applied and have been waiting for almost 2 months on the buy-back application. sigh...
Pslf- I have roughly 170 eligable payments and 116 qualifying so 4 payments away from recieving forgiveness
My loans are at zero, (via PSLF) per MOHELA and Dept of Ed. MOHELA refuses to report this to the credit bureaus. I filed a dispute with all three bureaus. MOHELA told them the loans are not forgiven , and they wrote me that. WHY?!
My coworker had her loans discharged through PSLF in 2023. She said it too roughly a year for her loans to drop off of her credit report.
Can you do PSLF buy back for these months in forbearance even if you do not have the 120 months of qualifying employment?
You're doing a fantastic job! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
I have Direct loans on PSLF. I was once told not to consolidate as that would negate my forgiveness. Can I consolidate and not have it affect my forgiveness and have lower payments maybe? And I’d like the PSLF checklist, please.
Have they decided to stop doing the one-time adjustments?! I called in July and was told 9/5/24 would be the date.
What about the one time payment count adjustment
It’s bloody December! The current administration better hurry up! 🤦♂️
Biden makes time for things he really cares about, like pardoning Hunter.
Still waiting for IBR change over
Boy I’m glad some people have that much money on hand. Why are they on a plan like this? Have a couple years of payments from forbearance and then the money on hand to pay the taxes on the forgiveness. Good for you if you are that person. Most of us can’t come close to do this.
The only reason I might be able to do it is because of a loan repayment program stipend I was awarded through my county. I will still have to wait until March for them to disburse it though, so I'm hoping this program will be able to apply my reward towards a buyback so I can be done with all of this. I plan to switch to IBR before then. If it wasn't for this reward, I'd just have to pay my last 12 months towards PSLF out of pocket. By March, the administration could have made some extreme changes, so in order to shield myself from the brunt of all those changes, I'm just going to switch from SAVE to IBR now.
I consolidated Dec and just now got notified that I have 122, but I actually have 158.
I have all 120 years of verified employment as a teacher and 117 payments eligible for forgiveness. Should I just wait? What exactly would I be waiting for? I don't know what to do!
Since it's an admin forbearance i am assuming shouldnt those months count towards PSLF like during COVID times?
They should, but I've gotten letters and emails saying they do not. I also have a letter that says it does...when I inquire about it no response.
PSLF please. Thanks.
Here you go: www.studentloanplanner.com/pslf-checklist/
A lot of assumptions. I stayed on PAYE and was transferred from MOHELA to Aidvantage. About 1.5 yrs until PSLF completed. Non of what you're talking about applies to my situation.
What if you are 66 payments into PSLF but 7.5 years recertifying employment....
There have to be 120 payments total
you cannot buyback on the current forberness
Never heard that to be the case. My loan servicer (Ed Finanical) said you can buyback these months
Oh and I’m at about 20 years.
I never been in forbearance I always paid.
PSLF!!
www.studentloanplanner.com/pslf-checklist/
They need to grandfather in whoever is in and make adjustments to new people coming in. This is ridiculous
It took 10 months
Forbearance? I never stopped paying except
for during the pandemic.
PSLF. I was due to hit 120 next June.
Here you go: www.studentloanplanner.com/pslf-checklist/
I’m at 117/120 for crying out loud
what does consolidate mean? Who should consolidate?
PSLF
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