PSLF

[gretchenindisguise]

Apr 18, 2022 17:29:44 GMT -5 Mushe said:

Apr 14, 2022 18:28:44 GMT -5 lilypad1126 said:

OH MY GOD! My loans were forgiven today! Zero balance! At 10am when I looked, I still owed $57k! 🎉🎉🎉🎉🎉🎉🥂🥂🥂🥂🥂🥂

Awesome, congrats!

Every time I see you as the most recent post in here I’m so hopeful you’re posting your forgiveness. Hurry up fedloans and dept of ed!!

[Mushe]

Apr 18, 2022 20:18:58 GMT -5 gretchenindisguise said:

Apr 18, 2022 17:29:44 GMT -5 Mushe said:

Awesome, congrats!

Every time I see you as the most recent post in here I’m so hopeful you’re posting your forgiveness. Hurry up fedloans and dept of ed!!

Lol and yes! I think I’m really close now. I noticed my FedLoan balance went up by just under $5k, and I’m assuming that’s taking it to the balance as of when I had 120 payments.

[gretchenindisguise]

Apr 19, 2022 12:59:09 GMT -5 Mushe said:

Apr 18, 2022 20:18:58 GMT -5 gretchenindisguise said:

Every time I see you as the most recent post in here I’m so hopeful you’re posting your forgiveness. Hurry up fedloans and dept of ed!!

Lol and yes! I think I’m really close now. I noticed my FedLoan balance went up by just under $5k, and I’m assuming that’s taking it to the balance as of when I had 120 payments.

Eeeek!!! I usually see that when forgiveness is impending and that's the amount of your refund!!

[Mushe]

Apr 19, 2022 15:52:37 GMT -5 gretchenindisguise said:

Apr 19, 2022 12:59:09 GMT -5 Mushe said:

Lol and yes! I think I’m really close now. I noticed my FedLoan balance went up by just under $5k, and I’m assuming that’s taking it to the balance as of when I had 120 payments.

Eeeek!!! I usually see that when forgiveness is impending and that's the amount of your refund!!

Yes! I signed on again this afternoon and have zeroes! The refund is larger than I’d expected, so I think they counted the 18mo I was placed in forbearance right after my Grace period, due to bad advice from DLS.

[gretchenindisguise]

Apr 19, 2022 18:20:22 GMT -5 Mushe said:

Apr 19, 2022 15:52:37 GMT -5 gretchenindisguise said:

Eeeek!!! I usually see that when forgiveness is impending and that's the amount of your refund!!

Yes! I signed on again this afternoon and have zeroes! The refund is larger than I’d expected, so I think they counted the 18mo I was placed in forbearance right after my Grace period, due to bad advice from DLS.

Yahoo!!!!! I'm so so so so happy for you!! What a long and winding road it's been.

We've been seeing some examples of forbearances counting and based on the new press release today it makes sense. The plus side of the long and winding road you had is that you were able to benefit from this new change!

[gretchenindisguise]

Press release on one time change to how forbearance will be addressed.

My understanding at this point is if you had a forbearance of over 12 months or a cumulative forbearance of 36+ months, that time will now count for both the pslf program and the IBR forgiveness programs.

www.ed.gov/news/press-releases/department-education-announces-actions-fix-longstanding-failures-student-loan-programs?fbclid=IwAR1xC3QQ-cQHHkt9-JAm9vxK4Y2QAf8pnKr-WBlt9EOLm4WFSW-TamxYcCo

apple.news/A_Sq-l_wGTO2OYRuVIF2H5Q

[Jalapeñomel]

Apr 19, 2022 22:29:11 GMT -5 gretchenindisguise said:

Press release on one time change to how forbearance will be addressed.

My understanding at this point is if you had a forbearance of over 12 months or a cumulative forbearance of 36+ months, that time will now count for both the pslf program and the IBR forgiveness programs.

www.ed.gov/news/press-releases/department-education-announces-actions-fix-longstanding-failures-student-loan-programs?fbclid=IwAR1xC3QQ-cQHHkt9-JAm9vxK4Y2QAf8pnKr-WBlt9EOLm4WFSW-TamxYcCo

apple.news/A_Sq-l_wGTO2OYRuVIF2H5Q

Do people have to apply for this? (I promise to read the article at lunch!)

[gretchenindisguise]

Apr 20, 2022 9:33:59 GMT -5 Jalapeñomel said:

Apr 19, 2022 22:29:11 GMT -5 gretchenindisguise said:

Press release on one time change to how forbearance will be addressed.

My understanding at this point is if you had a forbearance of over 12 months or a cumulative forbearance of 36+ months, that time will now count for both the pslf program and the IBR forgiveness programs.

www.ed.gov/news/press-releases/department-education-announces-actions-fix-longstanding-failures-student-loan-programs?fbclid=IwAR1xC3QQ-cQHHkt9-JAm9vxK4Y2QAf8pnKr-WBlt9EOLm4WFSW-TamxYcCo

apple.news/A_Sq-l_wGTO2OYRuVIF2H5Q

Do people have to apply for this? (I promise to read the article at lunch!)

Allegedly it will be automatic "later this year". There are already reports of these periods coming back as qualifying from waiver review with the Dept of Ed in the the past few weeks, which confused the heck out of us but now makes sense.

For those less than 12 months in a row and less than 36 months cumulative- they say you'll have to submit through the ombudsman for review. But I think waiting to see how things shake out is wise. They've been pretty liberal with interpretation of the pslf waiver and I'm thinking they may be with this too. We shall see.

[killercupcake]

So, my loans were consolidated but the original loans are still showing as well. It basically doubled my balance. This is normal, right? The original loans will fall off…

[bex1973]

Apr 22, 2022 14:22:28 GMT -5 killercupcake said:

So, my loans were consolidated but the original loans are still showing as well. It basically doubled my balance. This is normal, right? The original loans will fall off…

Yep! Totally normal!

[killercupcake]

Apr 22, 2022 14:34:14 GMT -5 bex1973 said:

Apr 22, 2022 14:22:28 GMT -5 killercupcake said:

So, my loans were consolidated but the original loans are still showing as well. It basically doubled my balance. This is normal, right? The original loans will fall off…

Yep! Totally normal!

Thank you! Wasn’t sure if I needed to make a call or not.

[gretchenindisguise]

Apr 27, 2022 12:38:55 GMT -5 mofongo said:

Um holy shit, H’s loans were paid in full! I mean on Monday he had no qualifying payment and it’s totally paid in full, letter is there dated today. I’m in shock.

Can’t thank you guys enough!!!!

YYAYAYAYAYAYYAYAYAY!!!!

This makes me so happy!! Congratulations  

[gretchenindisguise]

Apr 27, 2022 12:44:54 GMT -5 mofongo said:

Apr 27, 2022 12:43:52 GMT -5 gretchenindisguise said:

YYAYAYAYAYAYYAYAYAY!!!!

This makes me so happy!! Congratulations  

They must have really sped up the process!! I feel kind of bad since so many went through so much shit, including you!

Recent consolidators are on some weird fast track. We've seen it time and again on the fb page. My hypothesis is that there is something about the consolidation process that makes it easier for the dept of ed to process the forgiveness. That's why I was convinced he'd be forgiven before me for a while there.

[bex1973]

Apr 27, 2022 12:38:55 GMT -5 mofongo said:

Um holy shit, H’s loans were paid in full! I mean on Monday he had no qualifying payment and it’s totally paid in full, letter is there dated today. I’m in shock.

Can’t thank you guys enough!!!!

HOORAY!!!!!! SO exciting! I hope you have a big plan to celebrate!!!!!!

[HoneySpider]

Why is mine taking so long? SOB.

[pumpkin]

Apr 27, 2022 12:38:55 GMT -5 mofongo said:

Um holy shit, H’s loans were paid in full! I mean on Monday he had no qualifying payment and it’s totally paid in full, letter is there dated today. I’m in shock.

Can’t thank you guys enough!!!!

Yay!!!! This is awesome!!! Congrats!!!!

[pumpkin]

Apr 27, 2022 14:28:19 GMT -5 HoneySpider said:

Why is mine taking so long? SOB.

I’m with ya.

[gretchenindisguise]

Apr 27, 2022 14:28:19 GMT -5 HoneySpider said:

Why is mine taking so long? SOB.

Any movement in your 3rd ecf that they need to verify? I bet that’s why yours is taking a while.

[heygrey]

Apr 27, 2022 12:38:55 GMT -5 mofongo said:

Um holy shit, H’s loans were paid in full! I mean on Monday he had no qualifying payment and it’s totally paid in full, letter is there dated today. I’m in shock.

Can’t thank you guys enough!!!!

Super congratulations! So excited to see these come through! Think of all the (more) wine you can buy now

[ellipses84]

Apr 27, 2022 14:57:31 GMT -5 pumpkin said:

Apr 27, 2022 14:28:19 GMT -5 HoneySpider said:

Why is mine taking so long? SOB.

I’m with ya.

Me too! But I feel like I have to be close! If it’s been more than 120 days since you submitted what should be your last piece of paperwork, I’d message them on fb and wait for a response / call back.

[underwaterrhymes]

Hi all! I am slowly reading through everything and had a question.

I’ve got a FedLoan account and can see they are working on consolidating my NelNet loan to DirectLoans. I have all but one of my employer forms. Once I have that, can I upload before the loan is consolidated? Or should I wait?

PS - Congrats to everyone getting good news!

[bex1973]

Apr 28, 2022 4:52:00 GMT -5 underwaterrhymes said:

Hi all! I am slowly reading through everything and had a question.

I’ve got a FedLoan account and can see they are working on consolidating my NelNet loan to DirectLoans. I have all but one of my employer forms. Once I have that, can I upload before the loan is consolidated? Or should I wait?

PS - Congrats to everyone getting good news!

Yes. I submitted everything all at the same time.  You have the account so it's all linked to your name.

[gretchenindisguise]

Apr 28, 2022 4:52:00 GMT -5 underwaterrhymes said:

Hi all! I am slowly reading through everything and had a question.

I’ve got a FedLoan account and can see they are working on consolidating my NelNet loan to DirectLoans. I have all but one of my employer forms. Once I have that, can I upload before the loan is consolidated? Or should I wait?

PS - Congrats to everyone getting good news!

To be safest, wait until it's fully consolidated and showing correctly on FedLoan and then upload through the FedLoan portal.

In about 98% of the cases, uploading before the consolidation goes through is fine, but I've seen a few where the application was "put on hold" if it was sent pre-consolidation. 

[okla]

Apr 28, 2022 2:06:57 GMT -5 ellipses84 said:

Apr 27, 2022 14:57:31 GMT -5 pumpkin said:

I’m with ya.

Me too! But I feel like I have to be close! If it’s been more than 120 days since you submitted what should be your last piece of paperwork, I’d message them on fb and wait for a response / call back.

Same! The waiting is hard. It’s only been about 10 weeks for me, and folks I’m seeing getting forgiven or updated counts submitted roughly two weeks-month before I did. So I’m trying to wait until June 1 to contact anyone.

[pumpkin]

Apr 28, 2022 2:06:57 GMT -5 ellipses84 said:

Apr 27, 2022 14:57:31 GMT -5 pumpkin said:

I’m with ya.

Me too! But I feel like I have to be close! If it’s been more than 120 days since you submitted what should be your last piece of paperwork, I’d message them on fb and wait for a response / call back.

Thanks for this. I’ll have to pull out my last letter and take a look. I’ve been trying not to obsess over it, but….

[HoneySpider]

Apr 27, 2022 16:53:36 GMT -5 gretchenindisguise said:

Apr 27, 2022 14:28:19 GMT -5 HoneySpider said:

Why is mine taking so long? SOB.

Any movement in your 3rd ecf that they need to verify? I bet that’s why yours is taking a while.

No, so I'm sure that's it too. 

[pumpkin]

Apr 28, 2022 11:39:18 GMT -5 pumpkin said:

Apr 28, 2022 2:06:57 GMT -5 ellipses84 said:

Me too! But I feel like I have to be close! If it’s been more than 120 days since you submitted what should be your last piece of paperwork, I’d message them on fb and wait for a response / call back.

Thanks for this. I’ll have to pull out my last letter and take a look. I’ve been trying not to obsess over it, but….

Went back and looked and my denial letter was 2/25/22 so it’s only been 60 days. I’m impatient!! Especially since I feel like mine should be easy/low hanging fruit - fed loans consolidated in 2005, payments since 2005, Fed since 2009 - apply the waiver!!

[Mushe]

Just an fyi to go back and check your FedLoan account a few days after forgiveness. I just did and see a pending payment of almost $5k, the amount I’m expecting as a refund based on the increase in my balance just before the waiver applied.

For timeline, I applied in early November, acknowledged right away but loans didn’t transfer from my servicer until April. I also had a FFEL loan that consolidated in December and was forgiven in February. Waiver applied to my remaining loans last week.

[bex1973]

Apr 29, 2022 9:42:02 GMT -5 Mushe said:

Just an fyi to go back and check your FedLoan account a few days after forgiveness. I just did and see a pending payment of almost $5k, the amount I’m expecting as a refund based on the increase in my balance just before the waiver applied.

For timeline, I applied in early November, acknowledged right away but loans didn’t transfer from my servicer until April. I also had a FFEL loan that consolidated in December and was forgiven in February. Waiver applied to my remaining loans last week.

But don't be concerned if you don't see anything because there is a short time period when you can see the refund balance, I missed seeing how much I was getting so it was a nice surprise to get the over $5k check in the mail!!

[gretchenindisguise]

Apr 29, 2022 10:13:44 GMT -5 bex1973 said:

Apr 29, 2022 9:42:02 GMT -5 Mushe said:

Just an fyi to go back and check your FedLoan account a few days after forgiveness. I just did and see a pending payment of almost $5k, the amount I’m expecting as a refund based on the increase in my balance just before the waiver applied.

For timeline, I applied in early November, acknowledged right away but loans didn’t transfer from my servicer until April. I also had a FFEL loan that consolidated in December and was forgiven in February. Waiver applied to my remaining loans last week.

But don't be concerned if you don't see anything because there is a short time period when you can see the refund balance, I missed seeing how much I was getting so it was a nice surprise to get the over $5k check in the mail!!

How long did it take for the check to show up in the mail for you post forgiveness?

I've gotten confirmation from the ombudsman that I should have a refund, but have seen zero evidence of it on fedloan and my paid in full date on FSA is wrong. I pointed that out to ombudsman contact and she told me not to worry but uhm, I'm worried lol.