PSLF

[okla]

Jun 3, 2022 18:55:44 GMT -5 womet said:

Today was my day! Last week my ECF was reviewed and I had 2 eligible payments— January and February— the months from when I consolidated to FedLoans to when my ECF was signed. I knew I needed to wait for the DOE to send over my prior payment count. I checked FedLoan this morning and it was still showing only 2 payments. I’m not sure why, but I just checked 30 minutes ago and they’re gone.

Congrats!

Sounds like we had similar situations, I just got my count today of two for Jan/Feb. Consolidated in Jan, send ECF in Feb. Your post has my hopes up it will only take another week for me!

[gretchenindisguise]

Jun 3, 2022 21:09:03 GMT -5 okla said:

Seeing the new posts prompted me to check again and I have my initial count!!!! Finally some movement, nothing was there even this morning. The letter in my inbox on FedLoan indicates that all four of the employers I submitted are approved, so now I’m just waiting on the updated counts from before consolidation. I’m honestly not sure if I will hit 120 yet, it depends on exactly how they are counting long forbearance months. But I should be darn close! I’m going to get a new ECF signed Monday to cover the past four months in case I need those.

Yay!!! So much movement happened today. I hope the next steps are quick for you.

[Jalapeñomel]

It’s still saying my employers need certification. Come on!

[kimmyo73]

So I know they are now counting payments even if we were on the wrong income-based repayment plan, but are they also counting random old payments that were sporadic.

I started diligently repaying my loans in March 2013. Prior to that, I had a few periods of payment for a total of an additional 8 payments while working for a qualified employer. Will those 8 payments also count toward the 120?

If they do, I could be done with everything by Christmas 2022. What an amazing Holiday treat!

[gretchenindisguise]

Jun 9, 2022 15:36:08 GMT -5 kimmyo73 said:

So I know they are now counting payments even if we were on the wrong income-based repayment plan, but are they also counting random old payments that were sporadic.

I started diligently repaying my loans in March 2013. Prior to that, I had a few periods of payment for a total of an additional 8 payments while working for a qualified employer. Will those 8 payments also count toward the 120?

If they do, I could be done with everything by Christmas 2022. What an amazing Holiday treat!

They are counting any month you were listed as “in repayment.” You can check tour student loan history on studentaid.gov. My bet is that those months will count once you get the certification for them in (and wait several months…..)!

[kimmyo73]

gretchenindisguise,

I hope you are correct. If so, then I will be done by Christmas this year as long as my current employer finally gets added to the database.

Just the thought of having this monkey off my back is overwhelming. I don't have words - I literally thought I would carry this burden long into retirement; especially after paying diligently for several years to find that I was on the wrong repayment plan. My heart just sank.

[gretchenindisguise]

Jun 10, 2022 8:54:59 GMT -5 kimmyo73 said:

gretchenindisguise,

I hope you are correct. If so, then I will be done by Christmas this year as long as my current employer finally gets added to the database.

Just the thought of having this monkey off my back is overwhelming. I don't have words - I literally thought I would carry this burden long into retirement; especially after paying diligently for several years to find that I was on the wrong repayment plan. My heart just sank.

What status are the months listed as on your studentaod.gov account for that time period?

[carriebear822]

So my H has 2 pending payments and his balance has gone up by 12k which is what I think his refund should be. I hope this means we are close to forgiveness and a refund.

[gretchenindisguise]

Jun 10, 2022 9:23:54 GMT -5 carriebear822 said:

So my H has 2 pending payments and his balance has gone up by 12k which is what I think his refund should be. I hope this means we are close to forgiveness and a refund.

YAY!!!

That's exactly what that means.

Usually clears out in a few days and the refund comes in about a month. Woohoo!!

[carriebear822]

Jun 10, 2022 10:22:58 GMT -5 gretchenindisguise said:

Jun 10, 2022 9:23:54 GMT -5 carriebear822 said:

So my H has 2 pending payments and his balance has gone up by 12k which is what I think his refund should be. I hope this means we are close to forgiveness and a refund.

YAY!!!

That's exactly what that means.

Usually clears out in a few days and the refund comes in about a month. Woohoo!!

Thanks! My H has been paying on these loans since 2004 and has always said he would just die with them. It will be a relief to have these forgiven.

[gretchenindisguise]

Jun 10, 2022 10:45:25 GMT -5 carriebear822 said:

Jun 10, 2022 10:22:58 GMT -5 gretchenindisguise said:

YAY!!!

That's exactly what that means.

Usually clears out in a few days and the refund comes in about a month. Woohoo!!

Thanks! My H has been paying on these loans since 2004 and has always said he would just die with them. It will be a relief to have these forgiven.

So many of us have felt this same way. This waiver has been such a bright spot this year.

[puppyluv]

Yay! My qualifying payments were finally updated to 178 this week! Into the final stretch for mine.

[gretchenindisguise]

Jun 10, 2022 11:42:43 GMT -5 puppyluv said:

Yay! My qualifying payments were finally updated to 178 this week! Into the final stretch for mine.

Woohoo!!!

[carriebear822]

Jun 10, 2022 9:23:54 GMT -5 carriebear822 said:

So my H has 2 pending payments and his balance has gone up by 12k which is what I think his refund should be. I hope this means we are close to forgiveness and a refund.

Quoting myself because I think they have been forgiven! Zero loan balance as now. This morning it was $51k.

Thank you everyone who has chimed in on this.

[gretchenindisguise]

Jun 10, 2022 11:58:08 GMT -5 carriebear822 said:

Jun 10, 2022 9:23:54 GMT -5 carriebear822 said:

So my H has 2 pending payments and his balance has gone up by 12k which is what I think his refund should be. I hope this means we are close to forgiveness and a refund.

Quoting myself because I think they have been forgiven! Zero loan balance as now. This morning it was $51k.

Thank you everyone who has chimed in on this.

Yayayayayayya!!!! Happy Friday Forgiveness Day to You!!!

You should have the official letter in his fedloan inbox on Monday or Tuesday!

[womet]

Jun 10, 2022 12:08:04 GMT -5 gretchenindisguise said:

Jun 10, 2022 11:58:08 GMT -5 carriebear822 said:

Quoting myself because I think they have been forgiven! Zero loan balance as now. This morning it was $51k.

Thank you everyone who has chimed in on this.

Yayayayayayya!!!! Happy Friday Forgiveness Day to You!!!

You should have the official letter in his fedloan inbox on Monday or Tuesday!

Mine were forgiven last Friday, and I got my letter in my inbox on Tuesday. Congratulations, carriebear822!

[carriebear822]

Jun 10, 2022 12:43:39 GMT -5 womet said:

Jun 10, 2022 12:08:04 GMT -5 gretchenindisguise said:

Yayayayayayya!!!! Happy Friday Forgiveness Day to You!!!

You should have the official letter in his fedloan inbox on Monday or Tuesday!

Mine were forgiven last Friday, and I got my letter in my inbox on Tuesday. Congratulations, carriebear822!

Thank you! I am so relieved they have been forgiven.

[pumpkin]

Jun 10, 2022 11:58:08 GMT -5 carriebear822 said:

Jun 10, 2022 9:23:54 GMT -5 carriebear822 said:

So my H has 2 pending payments and his balance has gone up by 12k which is what I think his refund should be. I hope this means we are close to forgiveness and a refund.

Quoting myself because I think they have been forgiven! Zero loan balance as now. This morning it was $51k.

Thank you everyone who has chimed in on this.

Yay!! Congrats!!

[kimmyo73]

Jun 10, 2022 9:08:01 GMT -5 gretchenindisguise said:

Jun 10, 2022 8:54:59 GMT -5 kimmyo73 said:

gretchenindisguise ,

I hope you are correct. If so, then I will be done by Christmas this year as long as my current employer finally gets added to the database.

Just the thought of having this monkey off my back is overwhelming. I don't have words - I literally thought I would carry this burden long into retirement; especially after paying diligently for several years to find that I was on the wrong repayment plan. My heart just sank.

What status are the months listed as on your studentaod.gov account for that time period?

They should have been in repayment status for both of my short payment stints prior to 2013.  

[carriebear822]

Jun 10, 2022 12:43:39 GMT -5 womet said:

Jun 10, 2022 12:08:04 GMT -5 gretchenindisguise said:

Yayayayayayya!!!! Happy Friday Forgiveness Day to You!!!

You should have the official letter in his fedloan inbox on Monday or Tuesday!

Mine were forgiven last Friday, and I got my letter in my inbox on Tuesday. Congratulations, carriebear822!

He got the letter in his inbox today.

They have officially been forgiven!

[bex1973]

Jun 14, 2022 8:31:17 GMT -5 carriebear822 said:

Jun 10, 2022 12:43:39 GMT -5 womet said:

Mine were forgiven last Friday, and I got my letter in my inbox on Tuesday. Congratulations, carriebear822 !

He got the letter in his inbox today.

They have officially been forgiven!

Hooray! Congrats!

[kimmyo73]

I faxed my PSLF application in on 6/9 and got confirmation that it was received on 6/15. MOVEMENT! I might have a financially stable future and not have to be a Walmart greeter in retirement.

[pumpkin]

Jun 14, 2022 8:31:17 GMT -5 carriebear822 said:

Jun 10, 2022 12:43:39 GMT -5 womet said:

Mine were forgiven last Friday, and I got my letter in my inbox on Tuesday. Congratulations, carriebear822!

He got the letter in his inbox today.

They have officially been forgiven!

Yay!! Congrats!!

[pumpkin]

I’m a fed and yesterday our HR sent an email about the waiver with links for more info and how to apply. It made me laugh that they waited this long to send something.

[formerlyak]

Nov 18, 2021 12:20:53 GMT -5 Mushe said:

pumpkin, as I understand what’s come out, you do need to create a FedLoans account, as they are the PSLF servicer. Mine are now with Mohela, and apparently the Dept of Ed will have them transferred to FedLoans to handle the PSLF portion.

I refinanced and am with Mohela. I didn’t think I qualified since I am with Mohela now and no longer with Direct Loans. Am I wrong on that? I’ve been working in nonprofits for 20+ years and next year is 10 years of MBA payments while working for a nonprofit.

[carriebear822]

Jun 16, 2022 10:19:00 GMT -5 formerlyak said:

Nov 18, 2021 12:20:53 GMT -5 Mushe said:

pumpkin , as I understand what’s come out, you do need to create a FedLoans account, as they are the PSLF servicer. Mine are now with Mohela, and apparently the Dept of Ed will have them transferred to FedLoans to handle the PSLF portion.

I refinanced and am with Mohela. I didn’t think I qualified since I am with Mohela now and no longer with Direct Loans. Am I wrong on that? I’ve been working in nonprofits for 20+ years and next year is 10 years of MBA payments while working for a nonprofit.

From my understanding, if they have gone private, then no, you are not qualified for PSLF. If they are not private, then you can consolidate them into Direct Loans and then you would be eligible for forgiveness.

[gretchenindisguise]

Jun 16, 2022 10:19:00 GMT -5 formerlyak said:

Nov 18, 2021 12:20:53 GMT -5 Mushe said:

pumpkin, as I understand what’s come out, you do need to create a FedLoans account, as they are the PSLF servicer. Mine are now with Mohela, and apparently the Dept of Ed will have them transferred to FedLoans to handle the PSLF portion.

I refinanced and am with Mohela. I didn’t think I qualified since I am with Mohela now and no longer with Direct Loans. Am I wrong on that? I’ve been working in nonprofits for 20+ years and next year is 10 years of MBA payments while working for a nonprofit.

Mohela services both private and federal loans. If you consolidated them and they are still federal and serviced by Mohela they will qualify. If you refinanced them into private loans they will not qualify and unfortunately there is no way to back them back into federal loans.

The easiest way to check is to log into studentaid.gov. If they are listed there they are federal loans still. If they are not there, they are private.

[Jalapeñomel]

Jun 16, 2022 11:51:08 GMT -5 gretchenindisguise said:

Jun 16, 2022 10:19:00 GMT -5 formerlyak said:

I refinanced and am with Mohela. I didn’t think I qualified since I am with Mohela now and no longer with Direct Loans. Am I wrong on that? I’ve been working in nonprofits for 20+ years and next year is 10 years of MBA payments while working for a nonprofit.

Mohela services both private and federal loans. If you consolidated them and they are still federal and serviced by Mohela they will qualify. If you refinanced them into private loans they will not qualify and unfortunately there is no way to back them back into federal loans.

The easiest way to check is to log into studentaid.gov. If they are listed there they are federal loans still. If they are not there, they are private.

And my FedLoans are being transferred to Mohela once FedLoan closes for good. 

[bex1973]

Jun 16, 2022 10:19:00 GMT -5 formerlyak said:

Nov 18, 2021 12:20:53 GMT -5 Mushe said:

pumpkin , as I understand what’s come out, you do need to create a FedLoans account, as they are the PSLF servicer. Mine are now with Mohela, and apparently the Dept of Ed will have them transferred to FedLoans to handle the PSLF portion.

I refinanced and am with Mohela. I didn’t think I qualified since I am with Mohela now and no longer with Direct Loans. Am I wrong on that? I’ve been working in nonprofits for 20+ years and next year is 10 years of MBA payments while working for a nonprofit.

I was with Mohela and mine were forgiven.  I did not refinance though so I'm not sure about that aspect of it - I agree with checking what kind of loans they are.

[bex1973]

Jun 16, 2022 9:00:59 GMT -5 kimmyo73 said:

I faxed my PSLF application in on 6/9 and got confirmation that it was received on 6/15. MOVEMENT! I might have a financially stable future and not have to be a Walmart greeter in retirement.

Yay!!!!