I have no idea what's happening with mine. I applied to consolidate in October/November. Then had to pick a different payment plan. Then filled out the PSLF and faxed it in. Now it just says I don't need to make a payment until September, but my total amount hasn't changed. I have no idea if the paperwork went through. It's all so confusing. I also feel like I made a huge mistake because it upped my payment so much on the income driven plan that I really can't afford it. Oh it also says I've made zero qualifying payments when I've been paying for years. I'm over it all!!
This is actually a good sign! FedLoan does their count first, then they send it to Dept of Ed for waiver review. This is where the pre-consolidation counts will come.
Are you in the fb group? There is a.good post there that outlines the "steps" through the process.
I'm in the group, but haven't looked at it in a while because I was too overwhelmed. 🤦🏼♀️ Thank you...I will check it out!
This is actually a good sign! FedLoan does their count first, then they send it to Dept of Ed for waiver review. This is where the pre-consolidation counts will come.
Are you in the fb group? There is a.good post there that outlines the "steps" through the process.
I'd recommend sending a FB message - your timeline seems a little long. When did you submit the application? I submitted in Oct and was forgiven about 2 months ago - but I was already consolidated which did speed the process up some but yours still seems somewhat long.
3/31 was the most recent thing listed, saying that my application was accepted. Who would I message? The FB group or someone at fed loans? I mean, at this point, I probably won't message anyone until June when I am done with school for the year anyway.
I'd recommend sending a FB message - your timeline seems a little long. When did you submit the application? I submitted in Oct and was forgiven about 2 months ago - but I was already consolidated which did speed the process up some but yours still seems somewhat long.
3/31 was the most recent thing listed, saying that my application was accepted. Who would I message? The FB group or someone at fed loans? I mean, at this point, I probably won't message anyone until June when I am done with school for the year anyway.
You’ve still got a while to wait then. It’s about 120 days at the moment.
One thing we did different b/c we didn’t know was to apply first. H submitted the PSLF application before we even knew he had to consolidate or transfer them to fedloan. I don’t know if that ended up helping the process go rather quick?
Ok douche, go ahead and call it mud. My husband DID have halitosis. We addressed it after I talked to you girls on here and guess what? Years later, no problem. Mofongo, you're a cunt. Eat shit. ~anonnamus
One thing we did different b/c we didn’t know was to apply first. H submitted the PSLF application before we even knew he had to consolidate or transfer them to fedloan. I don’t know if that ended up helping the process go rather quick?
I applied first too - but not because I didn't know I was already consolidated though so that may have made a difference. They took care of the transfer as a result of my app so I think either way is fine!
One thing we did different b/c we didn’t know was to apply first. H submitted the PSLF application before we even knew he had to consolidate or transfer them to fedloan. I don’t know if that ended up helping the process go rather quick?
I applied first too - but not because I didn't know I was already consolidated though so that may have made a difference. They took care of the transfer as a result of my app so I think either way is fine!
The risk of applying before consolidating is if certain loans are already the right type of loan and eligible, they may be forgiven before the consolidation goes through and that can make things a lot more challenging if the non-consolidated loans are on a different payment timeline. A loophole of the waiver is allowing the highest payment count to apply to all consolidated loans.
For anyone waiting, double check all of your loans are Direct and all the paperwork you uploaded was correct. Consolidate asap if loan types aren’t right. I’d wait 120 days from application confirmation before following up with them. The confirmation usually comes within a few days of submitting. If you are close to 120 months, and months have passed since you submitted, fill out another ECF once you think you’ve hit 120.
I was in the group that was forgiven this week. $38,000! Consolidation was approved in December and PSFL was submitted in early January. Received letter that I only had 2 qualifying payments 3 weeks ago. Obsessively checking fedloan to see what my overpayment will be but still says $0. That should be a decent amount since my overpayments have been since 2017.
The Facebook page was very helpful in the beginning of the process.
I was in the group that was forgiven this week. $38,000! Consolidation was approved in December and PSFL was submitted in early January. Received letter that I only had 2 qualifying payments 3 weeks ago. Obsessively checking fedloan to see what my overpayment will be but still says $0. That should be a decent amount since my overpayments have been since 2017.
The Facebook page was very helpful in the beginning of the process.
Woohoo!! Congratulations!
If you just consolidated in December though, there will be no refund. Only if you had paid over 120 on the consolidation loan.
I was in the group that was forgiven this week. $38,000! Consolidation was approved in December and PSFL was submitted in early January. Received letter that I only had 2 qualifying payments 3 weeks ago. Obsessively checking fedloan to see what my overpayment will be but still says $0. That should be a decent amount since my overpayments have been since 2017.
The Facebook page was very helpful in the beginning of the process.
I was in the group that was forgiven this week. $38,000! Consolidation was approved in December and PSFL was submitted in early January. Received letter that I only had 2 qualifying payments 3 weeks ago. Obsessively checking fedloan to see what my overpayment will be but still says $0. That should be a decent amount since my overpayments have been since 2017.
The Facebook page was very helpful in the beginning of the process.
Woohoo!! Congratulations!
If you just consolidated in December though, there will be no refund. Only if you had paid over 120 on the consolidation loan.
Boo! I don't like the second half of your response. I'm glad you told me that, though, so I don't get disappointed later.
I was in the group that was forgiven this week. $38,000! Consolidation was approved in December and PSFL was submitted in early January. Received letter that I only had 2 qualifying payments 3 weeks ago. Obsessively checking fedloan to see what my overpayment will be but still says $0. That should be a decent amount since my overpayments have been since 2017.
The Facebook page was very helpful in the beginning of the process.
Does anyone know (and have a link to a viable source) if an eligible employer for PSLF that uses a PEO will still work?
We are thinking of moving our library to a PEO provider rather than an in-house HR person and want to make sure we won't cause issues for those of us that are trying to qualify for forgiveness.
I'm almost positive I saw a reference to this being okay on the studentaid.gov site but I can't find it anywhere now.
Does anyone know (and have a link to a viable source) if an eligible employer for PSLF that uses a PEO will still work?
We are thinking of moving our library to a PEO provider rather than an in-house HR person and want to make sure we won't cause issues for those of us that are trying to qualify for forgiveness.
I'm almost positive I saw a reference to this being okay on the studentaid.gov site but I can't find it anywhere now.
Thanks
I found this on studentaid.gov almost at the bottom.
A special note about professional employer organizations
A professional employer organization (or PEO) is an organization that might employ you on paper for things like tax reporting or benefits. These organizations are almost always for-profit organizations, and therefore they don’t qualify in their own right. But they will often issue your W-2 under your true employer’s name but with their EIN. Some examples of PEOs are ADP, Insperity, and TriNet (just to name a few).
This is the only time you’ll hear us say this: In this case, you shouldn’t use your W-2 to guide your submission on the PSLF Help Tool. We’ve done a fairly good job at tracking down the EINs that PEOs use to issue W-2s through. So if you search for an EIN that comes back as ineligible but is associated with a company that you don’t work for, it’s entirely possible that the name you’re seeing is the PEO’s name.
If this happens to you, we recommend asking your employer about the name of the company. Specifically, ask whether they are partnered with this PEO to handle some of the human resources work that goes into employing you. If the answer is yes, ask your employer for their EIN, not the one on your W-2, and enter that into the PSLF Help Tool instead. If you make your submission using the EIN of the PEO provider, then when we review your submission, we will ask you to use the PSLF Help Tool again using the EIN of your actual employer instead of the PEO provider.
Post by gretchenindisguise on May 24, 2022 12:12:18 GMT -5
Since this was just bumped, I'll post an update on my refund situation. It looks like it's finally being processed. On Friday my account went from showing $0 to the amount of the refund. On Monday morning it showed old loan balance + refund. On Monday afternoon it showed $0 again. Hopefully that means I'll get it in the next 2 weeks!
There are also rumors swirling all over the internet that Biden will announce some amount of blanket loan forgiveness this weekend. No details on if there will be an income cap, $10k or $50k or somewhere in between, or how it'll actually work. Also tremendously unlikely it'll impact private loans.
I'm keeping my fingers crossed for that gretchenindisguise - I would love if even a portion of H's were forgiven. Feels selfish to day that since I already had mine forgiven but we've for sure paid the balance on his loans!
My employer, a public library, is not listed as an eligible employer. I have uploaded my W2 and what documentation, I could. Any idea of how long it took them to verify and approve an employer?
My employer, a public library, is not listed as an eligible employer. I have uploaded my W2 and what documentation, I could. Any idea of how long it took them to verify and approve an employer?
Someone posted a timeline recently on the FB group and now, of course, I can't find it readily. I believe it was about 5 months for them.
Looks like another round of forgiveness went through! Check your balance friends!!
Ran off to check mine and my balance hasn’t changed. ☹️ Come on!! Fed here, consolidated in 2006, and have been a Fed since 2009, and made payments since 2006 - I feel like this should be easy!!
Post by ellipses84 on May 24, 2022 18:48:41 GMT -5
We received a refund! It was a hard copy check in my mom’s name to her address a little more than 2 weeks after forgiveness. All the payments were always taken from my bank account so she deposited it in my account today! $10k for payments from October 2017-March 2020!
The crazy thing is I think that loan was only originally for $60k and I’ve been paying on it for at least 18 years and I was “lucky” to have low interest rates. Low estimate I paid $65k almost entirely in interest, they forgave a little less than $60k when you factor in the $10k refund… I still have a few thousand left to pay off on a loan in my name but 🤞 broader SL forgiveness will help that.
We received a refund! It was a hard copy check in my mom’s name to her address a little more than 2 weeks after forgiveness. All the payments were always taken from my bank account so she deposited it in my account today! $10k for payments from October 2017-March 2020!
The crazy thing is I think that loan was only originally for $60k and I’ve been paying on it for at least 18 years and I was “lucky” to have low interest rates. Low estimate I paid $65k almost entirely in interest, they forgave a little less than $60k when you factor in the $10k refund… I still have a few thousand left to pay off on a loan in my name but 🤞 broader SL forgiveness will help that.
We received a refund! It was a hard copy check in my mom’s name to her address a little more than 2 weeks after forgiveness. All the payments were always taken from my bank account so she deposited it in my account today! $10k for payments from October 2017-March 2020!
The crazy thing is I think that loan was only originally for $60k and I’ve been paying on it for at least 18 years and I was “lucky” to have low interest rates. Low estimate I paid $65k almost entirely in interest, they forgave a little less than $60k when you factor in the $10k refund… I still have a few thousand left to pay off on a loan in my name but 🤞 broader SL forgiveness will help that.
We received a refund! It was a hard copy check in my mom’s name to her address a little more than 2 weeks after forgiveness. All the payments were always taken from my bank account so she deposited it in my account today! $10k for payments from October 2017-March 2020!
The crazy thing is I think that loan was only originally for $60k and I’ve been paying on it for at least 18 years and I was “lucky” to have low interest rates. Low estimate I paid $65k almost entirely in interest, they forgave a little less than $60k when you factor in the $10k refund… I still have a few thousand left to pay off on a loan in my name but 🤞 broader SL forgiveness will help that.