Billion and billions of dollars have been pumped into these colleges. And the colleges continue to raise there own salaries and raise the cost of tuition. And you get brainwashed and indoctrinated to the point nobody will hire you.. especially when your job is being outsourced to people willing to work at a fraction of your pay.. well isn't that a surprise..

my save plan says the forebearance ends in 10 days and a payment is due early september. Meanwhile, news states all save plan payments are in forebearance. why is my forebearance ending, a mistake?

They dont count

My student loans are in forbearance until Nov.7th

Are the idr adjustments still in play

Good stuff! Thanks

If I am on an extended graduate repayment plan, what would trigger this? I called Mohela and they said this interest has already been capitalized. It appears they have recalculated my payments due to the new webpage and capitalized the interest. This does not make any sense to me.

There must be someone us public servants can sue, we’re trying to follow the rules and they’re still trying to hurt us.

So, to maximize getting FAFSA maximum coverage, it’s better if I wait to finish my bachelor degree before getting married ??? My boyfriend makes good money so will it be taken into account for FAFSA?

Awesome info. One thing though that may be helpful - if you look at the PSLF regs and on the new paper PSLF work cert application - it does say on Page 2 in bullets 2 and 3 that you only have to be working for the PSLF eligible employer when you apply for the forgiveness/discharge. You do not need to continue working there beyond the 120th month as long as you put your application in at that point. Which is great news for borrowers who want to move on to a different job while the discharge processes.

Capitalized interest is a rip off. They raised the interest rate from what I signed when I consolidated my student loans. Their practices are illegal!

Earlier today, I faxed Mohela a paper application to switch from SAVE to IBR since paused payments are no longer counting toward PSLF. I will reach my 120th month of certified employment under PSLF in August and have never seen student loan repayment in such a horrible state as it is now. It just screams election year politics and unfortunately the 8 million of us on SAVE are caught in the middle. Good luck to everyone else experiencing this nightmare!

Capitalized interest is illegal when it comes to student loans. They are nuts. Not paying a dime to these scammers. My loans should have been over a long time ago.

Hello and thank you for all the great information you provide, I do have a question though can you tell us more about the rehabilitation program with the federal government I know it is similar to the fresh start program but that will be fazing out soon and I don’t know exactly how the rehabilitation process works.

Thanks for all you do bro!

That’s unfortunate that NONE of this is stated in the letter. Smh

I have two questions -- I consolidated all my loans very recently. 1) My oldest loan dated to 2002 but it shows 2012 on Nelnet's site. The 2002 loan was set to sunset or however they call it this November. 2) My loans totaled well over the $10,000 for Save as I had grad and undergrad but I still applied to consolidate and for SAVE. How do I get Nelnet to fix the oldest loan date -- they referred me to the Department of Ed, which shows on their website but their phone lines are not working. Did I do the right thing have older and larger loans to both consolidate and choose SAVE? Thank you very much.

I am currently doing the double consolidation loophole. I just finished consolidating my loans with two servicers and now I need to consolidate them together and apply for SAVE. Does this mean I only have until Sunday to do the final consolidation and apply for the SAVE program? Also thank you so much for your videos! They're SOO helpful!!

Curious if you are reading, could you address if discretionary income's 'annual income' is the annual income versus adjusted gross income vs some other entity? Does recertification use total gross income or minus things like traditional 401k/HSA like for tax purposes? Thank you

If the loans have already fallen off my credit report - what would be the change in my report if I do fresh start?

Does this remove collection fees that have been included in your balance?

Awesome video

Help! I divided my PLUS loans held by Nelnet and sent two paper apps to Edfinancial and one to Aidvantage. Aidvantage processed the consolidation sent to them. Then Aidvantage processed the other two sent to Edfinancial, but kept those two instead of sending to Edfinancial as I requested by paper app through certified mail, so I now have two separate loans with Aidvantage. Can I still combine these two loans for the double consolidation loophole? Can I do it now or do I need to wait six months? Reply

I have one, been the bane of my existence, divorced, other partner won't do anything (signing papers, etc), and has never made a payment. Made all the payments myself.

I did the consolidation with ED financial and Aidvantage. I'm now trying to consolidate the two. The loan servicer that is left for me to consolidate with is Mohela. When I chose Mohela it says that ultimately they will be my servicer but Aidvantage will do the initial processing. Is this going to mess me up since I already did a consolidation with Aidvantage?

I split my PLUS loans to consolidate, sending two to Edfinancial and one to Aidvantage by certified mail. Aidvantage consolidated one correctly, then 5 weeks later I received notice from Aidfinancial they are consolidating the other two sent to Edfinancial. My account cannot be found with Edfinancial. Why do they determine where my loans are going without my consent? How can I consolidate the three loans now with MOHELA? Help!

I been watching a bunch of different vids and it took this one to show me that the IDR waiver would essentially wipe out my student loans debt via PSLF.

I just started the Fresh Start program. What they don't mention is that the program allows you to pay back the Department of Education only. If you have loans that are still held with the school itself be sure to call the school and speak with Accounts receivable to settle a payment plan as well or else you will still receive offset letters claiming your tax refund.

Thank you! I got forgiveness. I was lucky that it happened in 2024 because of the tax waiver. Thank you so much for your work!

Does this mean that we will not get our one-time adjustment count in July. Do we really need to wait until September to receive our count. This is so frustrating.

So if someone applies for PSLF relief on 05/01/24, will they accept the application?

My loans were consolidated 20 years ago to an AES commercial load under standard repayment. I just converted back to a government loan. In total, I have been in loan repayment for 26 years. Can this be discharged after the loan has been transferred back to the federal program?

Can you kindly advise me on this. My college came up on the predatory loan list and I filled out all of the necessary paperwork and heard nothing else back. DoI do? Thank you

Hey! I have 13 direct loans. I signed up for the SAVE program and have been on it since October- do I need to consolidate the 13 direct loans I have for the IDR one time adjustment? I thought I didn’t have to consolidate since they’re federal but they are 13 separate loans. Thank you. FYI I did apply for PSLF waiver -I have 57 qualifying payments but I don’t think I’ll get forgiveness that way since k don’t have federal job anymore. So the 25 year plan is the best way for me.

Excellent summary. I agree that this plan is unlikely to be implemented. It is an “administrative nightmare,” as described in the video. I am thankful for the SAVE plan, as it will end accumulating interest. If Plan B had a more narrow focus on removing past interest from those that had already enrolled SAVE or another IDR plan, I’d be more optimistic. However, this plan is too broad. In other words, it’s too good to be true. I’d also like to see the administration address the rising cost of education. If schools can continue to raise tuition without repercussions, we’re not fully addressing the issue. It’s an election year, so I suppose the administration wants to focus on what sounds good to engender support.

My loans are FFELP and if I consolidate to direct and apply for SAVE. Even though I’m on a graduated repayment plan will those payments count towards SAVE plan?

I submitted the first consolidation loan application to advantage, they just left. Message to call them back as they have more questions? Any advice as to what they might be asking?i did not submit the additional form regarding payment plan.

How long does it takes to get off your credit to active?

What if i have three loans? Do i just consolidate two and leave one on its own then consolidate the one and the other that has been consolidated

Is it too late to do this double consolidation process to qualify for save?

wish we had been taught about student loans in high school before college loans, especially those technical schools where they really get you...... after graduation, I couldn't keep up with my payments, and struggling as a single parent really put me behind. now thankfully I can finally try to get this off my back slowly and steadily and try to build up my credit again.

OMG!!! I am 72 had 2 loans with Nelnet in IBR up till 2023( 20 years as of January 4 2024 and 4 loans IBR with Federal Student Loan 11 years January 2024. Wells Fargo contact me in December 2023 via email saying my loan I I owed 4 months of interest that needs to be paid and I didn't respond because all my loans have always been due for Recertification in October of each year plus the 2 loans they was contacting me about with Nelnet was not my account number and I was confused because I never had a load with Wells Fargo. Then I got a phone call from Pheaa saying she was sending my loans to collections because of $200.00 plus of interest since the pause was stopped.I still ignored the call. I contacted Nelnet about my Recertification forms that was sent to me every year since I had the loans. They sent mailed the forms both (Nelnet and Federal Loan I filled them out faxed them. I received about 20 emails saying they received them but they had a large back load and would notify me soon. I checked my credit report 3 weeks later and found out Pheaa had sent information for the 20 loans was in default/ missed interest payments. The Federal Loan said in good status. Both said that before January 2024. I finally received a email saying they put all in forbearance until they they get to my Recertifications. I finally in March received email and letters (Nelnet (IDR) and Federal IBR) that my certifications had been updated to for 12 months. It's saying now that I I missed 1 interest payment on the 20 year Nelnet loans $3,000 + and Federal Loan is in good standing. I was still confused so I contacted Nelnet to ask did I need to pay the interest to stay out of default and she said no that I had a year to if I wanted to enroll into another plan. I then received a email say my 20 year Nelnet loans had been transferred to Sloan Loan Servicer 🤔I just got a statement from both saying my payment due was 0. What should I do even if I have to make some type of payments. I am 72 receiving SS and have no idea how to handle my situation. Thanks For Your Response.

Excellent video. Scenarios with the written details were very helpful.

What happens after the Fresh Start Programs end? Does my loans goes back into default status … while I’m using fasfa?

in addition to certified mail, can i fax and/or email & upload the consolidation application to the servicers? i have 2 kids in college now. #1 is graduating 5/24 and #2 is graduating 5/26. should i consolidate #2's PPLs now to take advatage of SAVE? thanks!

do i have to use certified mail only? i was told by servicers that i can either fax application or email via doc upload on their website? can i do both as a backup? even if you send it certified, and the servicers claim they didn't receive it, what happens then? do i have to start the whole process again and what about the time lost? how long after mailing do i wait to follow up or am i at the mercy of the servicers to hopefully respond that the applications were processed?

Hi bro Are you looking for a professionals KZbin thumbnail designar?

I have paid 407 payments which is almost 30 years

It’s important to compare the cost of filing separately in many situations - especially where one spouse makes little or no income or there is a big discrepancy in income levels between the spouses. It isn’t always a small tax cost. Looking at the cost vs Savings for both scenarios is important.