PSLF

[bex1973]

Apr 28, 2023 9:34:39 GMT -5 Doggy Mommy said:

Mine was forgiven this week! Yay! I wouldn’t have known about the waiver at all if I hadn’t heard about it here, so thank you all for posting about it!

Hooray! Congrats!

[gretchenindisguise]

Apr 28, 2023 9:34:39 GMT -5 Doggy Mommy said:

Mine was forgiven this week! Yay! I wouldn’t have known about the waiver at all if I hadn’t heard about it here, so thank you all for posting about it!

Woohoo!! Congratulations!

[pumpkin]

Apr 27, 2023 9:24:03 GMT -5 underwaterrhymes said:

It’s official! A little over a year after applying, my loan is wiped out! 🎉🍾🤸

Yay!! 🎉 congrats!!! 🍾

[pumpkin]

Apr 28, 2023 9:34:39 GMT -5 Doggy Mommy said:

Mine was forgiven this week! Yay! I wouldn’t have known about the waiver at all if I hadn’t heard about it here, so thank you all for posting about it!

Awesome!! Congrats!! 🎉

[wanderingback]

Apr 27, 2023 12:12:11 GMT -5 gretchenindisguise said:

Apr 27, 2023 11:42:17 GMT -5 wanderingback said:

Wahoo!

So 1 year after you had enough payments is how long it took them to forgive them?

I’m just fantasizing about quitting my job so don’t want to get overly excited that it’ll be a fast process once I get to 120, lol.

It's averaging 3-6 months once you hit 120. I'm hopeful it'll speed up a bit once most of the pslf waiver applications are processed. It also seems like Mohela is getting their legs under them a bit, which will help speed things up.

Awesome!
I imagine being all dramatic quitting my job like I won the lottery when I get verification that it’s been approved and I see that 0 balance I’m sure it’ll be much more mellow than that, but I’m going to fantasize.

[Jalapeñomel]

I think this has been asked, but imma gonna ask again: the payment pause ends in August. Does that mean they’ll count payments up until them as part of this COVID waiver thingy?

[gretchenindisguise]

May 8, 2023 14:33:31 GMT -5 Jalapeñomel said:

I think this has been asked, but imma gonna ask again: the payment pause ends in August. Does that mean they’ll count payments up until them as part of this COVID waiver thingy?

Yes. Paused payments count as long as you have qualifying employment.

I

[Jalapeñomel]

May 8, 2023 14:42:39 GMT -5 gretchenindisguise said:

May 8, 2023 14:33:31 GMT -5 Jalapeñomel said:

I think this has been asked, but imma gonna ask again: the payment pause ends in August. Does that mean they’ll count payments up until them as part of this COVID waiver thingy?

Yes. Paused payments count as long as you have qualifying employment.

I

So that’ll wipe out DH’s debt. They’ve counted 117 payments; if May, June, July count, august will put him at 121.

I’m in disbelief.

[gretchenindisguise]

May 8, 2023 18:38:10 GMT -5 Jalapeñomel said:

May 8, 2023 14:42:39 GMT -5 gretchenindisguise said:

Yes. Paused payments count as long as you have qualifying employment.

I

So that’ll wipe out DH’s debt. They’ve counted 117 payments; if May, June, July count, august will put him at 121.

I’m in disbelief.

That's awesome!!


When payments do restart, you can ask to go into admin forbearance while they process his forgiveness so you never have to make another payment. If you don’t want to do that, any payment he does make over 120 will be refunded.

[okla]

I haven’t posted in here in forever, but my aunt and co-worker who I helped with all this recently got forgiveness! They are both in their late 50s and this will help them retire sooner! They both assumed they’d be paying their loans until they died. My co-worker had six figures!

[bex1973]

May 8, 2023 20:07:18 GMT -5 okla said:

I haven’t posted in here in forever, but my aunt and co-worker who I helped with all this recently got forgiveness! They are both in their late 50s and this will help them retire sooner! They both assumed they’d be paying their loans until they died. My co-worker had six figures!

That's awesome!!! 

[Jalapeñomel]

Ok, my counts are still wrong. They keep telling me that they will be updated by July, but DH's are all updated and he filed after me.

There are three gaps in my counting, one where they didn't count 12 months worth! Should I just keep waiting or insist that someone goes back and reviews my counts?

[waverly]

May 16, 2023 9:12:50 GMT -5 Jalapeñomel said:

Ok, my counts are still wrong. They keep telling me that they will be updated by July, but DH's are all updated and he filed after me.

There are three gaps in my counting, one where they didn't count 12 months worth! Should I just keep waiting or insist that someone goes back and reviews my counts?

I'm no expert but waiting never did anything for me.  I would ask.  

[bex1973]

May 16, 2023 9:12:50 GMT -5 Jalapeñomel said:

Ok, my counts are still wrong. They keep telling me that they will be updated by July, but DH's are all updated and he filed after me.

There are three gaps in my counting, one where they didn't count 12 months worth! Should I just keep waiting or insist that someone goes back and reviews my counts?

I don't think there is anything wrong with asking!


But also keep in mind that there doesn't seem to be a whole lot of rhyme or reason to the order that things are being processed so I wouldn't get too concerned that someone who filed after me is moving faster.

[Jalapeñomel]

May 16, 2023 9:29:29 GMT -5 bex1973 said:

May 16, 2023 9:12:50 GMT -5 Jalapeñomel said:

Ok, my counts are still wrong. They keep telling me that they will be updated by July, but DH's are all updated and he filed after me.

There are three gaps in my counting, one where they didn't count 12 months worth! Should I just keep waiting or insist that someone goes back and reviews my counts?

I don't think there is anything wrong with asking!


But also keep in mind that there doesn't seem to be a whole lot of rhyme or reason to the order that things are being processed so I wouldn't get too concerned that someone who filed after me is moving faster.

I've asked a couple of times, and they just keep saying call back in July. It's so annoying to me that they skipped an entire year of payments for no rhyme or reason, and I'm afraid if I keep waiting, nothing will ever get done! 

[gretchenindisguise]

May 16, 2023 9:46:37 GMT -5 Jalapeñomel said:

May 16, 2023 9:29:29 GMT -5 bex1973 said:

I don't think there is anything wrong with asking!


But also keep in mind that there doesn't seem to be a whole lot of rhyme or reason to the order that things are being processed so I wouldn't get too concerned that someone who filed after me is moving faster.

I've asked a couple of times, and they just keep saying call back in July. It's so annoying to me that they skipped an entire year of payments for no rhyme or reason, and I'm afraid if I keep waiting, nothing will ever get done! 

What year did they skip and what status were the loans in at that time (i.e. repayment, deferment, forbearance...)?

[Jalapeñomel]

May 16, 2023 9:48:55 GMT -5 gretchenindisguise said:

May 16, 2023 9:46:37 GMT -5 Jalapeñomel said:

I've asked a couple of times, and they just keep saying call back in July. It's so annoying to me that they skipped an entire year of payments for no rhyme or reason, and I'm afraid if I keep waiting, nothing will ever get done! 

What year did they skip and what status were the loans in at that time (i.e. repayment, deferment, forbearance...)?

One of the was from 8/14-5/16, in school deferment. The other is 6/18-4/19 in regular repayment

[gretchenindisguise]

May 16, 2023 10:03:16 GMT -5 Jalapeñomel said:

May 16, 2023 9:48:55 GMT -5 gretchenindisguise said:

What year did they skip and what status were the loans in at that time (i.e. repayment, deferment, forbearance...)?

One of the was from 8/14-5/16, in school deferment. The other is 6/18-4/19 in regular repayment

The time of in school deferment won't count.

The 6/18-4/19 should count. I don't know why they miss whole swaths of months for some folks, but it's fairly common. If it's been a while since you submitted a pslf application, you can submit a recent one to get the months in between last submission and this one to count, and to help nudge them. It really should fix itself over time, but I understand the waiting is maddening, especially when there isn't necessarily a rhyme or reason for it.

[wildrice]

May 16, 2023 10:03:16 GMT -5 Jalapeñomel said:

May 16, 2023 9:48:55 GMT -5 gretchenindisguise said:

What year did they skip and what status were the loans in at that time (i.e. repayment, deferment, forbearance...)?

One of the was from 8/14-5/16, in school deferment. The other is 6/18-4/19 in regular repayment

Were you actually in school then? 

Regardless, this happened to me too - I had payments that showed that they were in deferment when they definitely were not. It's been over a year but I think I called and asked them to review the payments, and then it magically went from having a ton of payments missing to being forgiven, with no other information or explanation (like I never even found out what my final payment count was, so I didn't get a refund). If it's been a while I would probably call again, but I also assume it will eventually get sorted out, probably without any communication.

[wanderingback]

May 16, 2023 9:46:37 GMT -5 Jalapeñomel said:

May 16, 2023 9:29:29 GMT -5 bex1973 said:

I don't think there is anything wrong with asking!


But also keep in mind that there doesn't seem to be a whole lot of rhyme or reason to the order that things are being processed so I wouldn't get too concerned that someone who filed after me is moving faster.

I've asked a couple of times, and they just keep saying call back in July. It's so annoying to me that they skipped an entire year of payments for no rhyme or reason, and I'm afraid if I keep waiting, nothing will ever get done! 

That’s weird!
When I called about missing counts they resubmitted it and then
I got an update in a few weeks. So I don’t think it’d hurt to call again. I always had pretty good luck not being on hold for too long.

[Jalapeñomel]

May 16, 2023 10:07:22 GMT -5 gretchenindisguise said:

May 16, 2023 10:03:16 GMT -5 Jalapeñomel said:

One of the was from 8/14-5/16, in school deferment. The other is 6/18-4/19 in regular repayment

The time of in school deferment won't count.

The 6/18-4/19 should count. I don't know why they miss whole swaths of months for some folks, but it's fairly common. If it's been a while since you submitted a pslf application, you can submit a recent one to get the months in between last submission and this one to count, and to help nudge them. It really should fix itself over time, but I understand the waiting is maddening, especially when there isn't necessarily a rhyme or reason for it.

I know I read this, but I didn't process that I put it in deferment (I thought maybe it was in forebearance). Darn! I will ask about the other ones though! 

Thanks everyone! 

[hermione]

This thread prompted me to look at my PSLF account and now they have counted a lot more payments than they did previously (Yay!). I need to resubmit employment verification. I just want to see if anyone can confirm that, under the expanded forgiveness program, still only full time employment counts, right?

[wanderingback]

May 16, 2023 11:41:15 GMT -5 hermione said:

This thread prompted me to look at my PSLF account and now they have counted a lot more payments than they did previously (Yay!). I need to resubmit employment verification. I just want to see if anyone can confirm that, under the expanded forgiveness program, still only full time employment counts, right?

So Gretchen probably has the technical answer, ha, but for me when 2 of my employers checked off part-time, those hours counted also. So I have 28 hours per week from 1 job and they checked off the box that says full time but that’s not enough for the 30 hours, so then for my other 2 jobs they checked off 2 hours per week for part time. So yes it says you must be employed full time but as long as your employer will check off the correct boxes, the hours should count. So my understanding is that if you work 20 hours at one job but they’ll check off the full time box that counts, but you still need 30 hours per week total.

[gretchenindisguise]

May 16, 2023 11:41:15 GMT -5 hermione said:

This thread prompted me to look at my PSLF account and now they have counted a lot more payments than they did previously (Yay!). I need to resubmit employment verification. I just want to see if anyone can confirm that, under the expanded forgiveness program, still only full time employment counts, right?

Yes.

Unless like wandering said you have 2 part time qualifying positions that together add up to 30+ hours.

That said - the new rules for pslf starting in July 2023 allow any position of at least 30+ hours. They essentially removed the "full time/part time" nonsense. I've seen some whispers of folks already getting employment counted under the new rule, but I can't guarantee it'll happen until July 2023.

[killercupcake]

So, now I’m looking at what my payments will be once they restart since it looks like that 20k might not be forgiven.

The standard graduated payments will be 300 a month less than the IBR/REPAYE payments. I have 2 more years till I hit 10 years.

Are IBR plans the only plans that will qualify me for PSLF? Or can I jump back to the standard payments?

[gretchenindisguise]

Jun 2, 2023 20:00:21 GMT -5 killercupcake said:

So, now I’m looking at what my payments will be once they restart since it looks like that 20k might not be forgiven.

The standard graduated payments will be 300 a month less than the IBR/REPAYE payments. I have 2 more years till I hit 10 years.

Are IBR plans the only plans that will qualify me for PSLF? Or can I jump back to the standard payments?

You can do the 10 year standard but not one of the longer consolidation standard - they will not qualify. I don’t know why they named them both standard.

Do the calculations to see if filing taxes married but separate helps (if you’re married).

[killercupcake]

Jun 2, 2023 20:28:50 GMT -5 gretchenindisguise said:

Jun 2, 2023 20:00:21 GMT -5 killercupcake said:

So, now I’m looking at what my payments will be once they restart since it looks like that 20k might not be forgiven.

The standard graduated payments will be 300 a month less than the IBR/REPAYE payments. I have 2 more years till I hit 10 years.

Are IBR plans the only plans that will qualify me for PSLF? Or can I jump back to the standard payments?

You can do the 10 year standard but not one of the longer consolidation standard - they will not qualify. I don’t know why they named them both standard.

Do the calculations to see if filing taxes married but separate helps (if you’re married).

So the standard/level will qualify? Not the graduated standard or extended. I can work with that.

I’ll need to assess filing separate next year. The last time I looked, the taxes were higher than the overall payments. Now, we’re making more so it might be better.

Thank you!

[gretchenindisguise]

Jun 3, 2023 0:24:29 GMT -5 killercupcake said:

Jun 2, 2023 20:28:50 GMT -5 gretchenindisguise said:

You can do the 10 year standard but not one of the longer consolidation standard - they will not qualify. I don’t know why they named them both standard.

Do the calculations to see if filing taxes married but separate helps (if you’re married).

So the standard/level will qualify? Not the graduated standard or extended. I can work with that.

I’ll need to assess filing separate next year. The last time I looked, the taxes were higher than the overall payments. Now, we’re making more so it might be better.

Thank you!

Have you consolidated and if yes, was your loan less than $7500 when you consolidated? If yes, then the consolidated standard payment works because its a 10 year repayment term. But if your consolidation loan balance was over $7500 then the payment term is longer than 10 years, so it won’t count.

[killercupcake]

Jun 3, 2023 2:11:16 GMT -5 gretchenindisguise said:

Jun 3, 2023 0:24:29 GMT -5 killercupcake said:

So the standard/level will qualify? Not the graduated standard or extended. I can work with that.

I’ll need to assess filing separate next year. The last time I looked, the taxes were higher than the overall payments. Now, we’re making more so it might be better.

Thank you!

Have you consolidated and if yes, was your loan less than $7500 when you consolidated? If yes, then the consolidated standard payment works because its a 10 year repayment term. But if your consolidation loan balance was over $7500 then the payment term is longer than 10 years, so it won’t count.

Dammit. Yes and no, it wasn’t. Way over.

Thanks, Gretchen!

[underwaterrhymes]

Jun 3, 2023 2:11:16 GMT -5 gretchenindisguise said:

Jun 3, 2023 0:24:29 GMT -5 killercupcake said:

So the standard/level will qualify? Not the graduated standard or extended. I can work with that.

I’ll need to assess filing separate next year. The last time I looked, the taxes were higher than the overall payments. Now, we’re making more so it might be better.

Thank you!

Have you consolidated and if yes, was your loan less than $7500 when you consolidated? If yes, then the consolidated standard payment works because its a 10 year repayment term. But if your consolidation loan balance was over $7500 then the payment term is longer than 10 years, so it won’t count.

I just want to say again what a gift you are.