Thank you so much. This video was clear and concise and I was able to get real answers!! Following!
@natashafarris46296 күн бұрын
My school loan has been paid monthly since 2003. My loan company has changed from navient / Sallie mae now mohela. I have filled out the forgiveness paper work and have been told I dont qualify. I don't understand
@nicholastube172 ай бұрын
If one has just consolidated student loans to an IBR plan (other than SAVE), will one be able to see the effect of the payment count adjustment once that concludes this summer? Where will one be able to figure out the exact count? Or, will one only know if/when all 200/250 eligible payments are met completely? Asking b/c my loan data is less than clear on how many eligible payments I have made. But I do know I will not quite hit the threshold come end of summer.
@LAScriptwriter9 ай бұрын
Thank you for this video. It was extremely helpful. I'm doing PSLF and one of my loans is currently at 110 of 120 (from my undergraduate days) and my other loans from graduate school are currently at 77 of 120. I submitted before the PSLF waiver deadline, but I just realized that I have loans that could be consolidated still. My undergrad loans were considered back in 2010 and then I have 7 graduate unsub and sub loans worth 70k. When I log onto to my Student Gov account I see this: At least one of your loans is not a Direct Loan. If you’re interested in the Public Service Loan Forgiveness Program and/or certain income-driven repayment options, consider consolidating your loans. Does this mean if I consolidate my loans my graduate loans will reflect 110 of 120 also?
@stanleytate9 ай бұрын
People who consolidate before the end of the year can keep the credit they earned before consolidating. That's what the IDR Waiver is meant to do.
@jefferymendenhall829710 ай бұрын
I tried using the tool but it only give me a summary (Open, closed, balance)
@YouthTeacher10 ай бұрын
Thanks for the great tool you created! I should ignore the pop-up about, 'Deferred loans not counting', bc of the IDR waiver period, correct? Even though It uses that scary 'default' language. But is the tool correct for giving me 5 yrs forbearance credit on an expired 2016 "BK claim, active"? I thought BK credit was a no. Thanks!
@YouthTeacher10 ай бұрын
Ooops! It was my math error! The Txt Tool lists the BK, but it DOES NOT CREDIT those months in BK. Thanks!
@jenknight4618 ай бұрын
🌟Can you please do a video that helps to understand this example: I have all of my student loans through one service provider, Nelnet. I consolidated all of my loans with them when my repayment period started 6 months after I graduated. The consolidation took place around June or July of 2004 and is about when my student loan payments began. Given my loans are all consolidated with Nelnet, do I need to consolidate them again with the government? Or are they already in their system? Thank you for your time on this matter and for the educational videos you have created around the new IDR payment adjustment. They are quite helpful.
@kerryp70148 ай бұрын
I have a similar question. I wish someone would answer you.
@stanleytate8 ай бұрын
I really can't answer that question without looking at your loans. You may have FFEL Consolidated Loans or Direct Consolidated Loans. If they're Direct, you shouldn't need to do anything.
@tauruslife28788 ай бұрын
Hello, if I have ffelp Stanford subsidized and Unsubsidized (15k) and ffelp consoldation(63k) origins loans from 1996. All in forberance/deferment/ and income based repayment since then. Are there any reasons I shouldn’t consolidate to direct loan for forgiveness? I contacted my services and they didn’t seem knowledgeable on how to forgiveness works and sets. Any information you can provide would be greatly appreciated. Thanks
@effiejames912910 ай бұрын
I had a Perkins loan that I paid off before I consolidated my other loans. The Perkins loan pmts don’t overlap with the repayment of the other loans. Would the loan payments for the Perkins loan count?
@YouthTeacher10 ай бұрын
After much careful reading from Mr. Tate, I can confidently say that the Perkins loan could have counted had you first consolidated it with the other loans, before payoff. That's assuming the other loans were federal direct loans or FFEL-eligible loans. And unfortunately, the Perkins loan won't qualify for any overpayment refund after the IDR waiver adjustment is made.
@JamesBellissimo6 ай бұрын
Is it required to have been employed at a qualifying employer to receive credit from the waiver? I have 88 qualifying payments just wondering if the waiver will add payments.
@patriciadersam36536 ай бұрын
I've been wanting a one on one with you but I can't find the email where to sign up for an online appointment. I'm not sure how to go about it. Patricia Dersam
@stanleytate6 ай бұрын
Here's the link: www.tateesq.com/book-a-call
@coviemorticianhappyvan8 ай бұрын
What should be done if you have graduate and parent plus but if you consolidate, you can't do repaye or save or idr? It says you are not eligible. And the payments are crazy high if you do consolidate
@stanleytate7 ай бұрын
Explore the double consolidation loophole. You can watch our videos explaining how that works or you can read this article: www.tateesq.com/learn/parent-plus-loan-double-consolidation-loophole Using that loophole will let you sneak into the SAVE Plan.
@latongyawhite56478 ай бұрын
When Biden's loan forgiveness sign up 1st came up( referring to the $20,000 forgiveness plan.) I heard that if you signed up for THAT, then there was no need to do anything else; and the old loan would AUTOMATICALLY be FORGIVEN. Has that changed? Must we still join IDR forgiveness or the SAVE plan?
@stanleytate8 ай бұрын
They're two different programs: Biden's $20k was struck down. The IDR Waiver is a different program. You may need to consolidate to max your relief under the waiver.
@angelamorris43047 ай бұрын
I have been in the IDR for about 7 years. AES is my student loan servicer. They just recently sent me a letter to my e-mail explaining that I need to consolidate my loans in order to get my loans forgiven. Is this true, or are they trying to trick me? I'm concerned--if I consolidate the two loans(in which I took out almost 20 years ago), and they are not forgiven, will I be ineligible for the IDR program in the future?
@kyvministries7 ай бұрын
This is my exact question - thank you!
@stanleytate7 ай бұрын
You likely have a privately held FFEL Loan. Those loans must be consolidated to get the credit toward forgiveness.
@Jackson-e4k10 ай бұрын
Will this law stay in effect forever?
@consumerdebtchitchat9 ай бұрын
Usually depends on Congress, whose in the White House - more political than it should be. But in short, it's not going away anytime soon but may be modified over time.
@jcdenton791410 ай бұрын
Nelnet told me this doesn't work
@YouthTeacher10 ай бұрын
Nelnet is a servicer with limited knowledge. You should subscribe, follow, and listen to Mr. Tate. Read his blogs and get his newsletter! He has a wealth of knowledge. I've learned much from him. He's allowed me to freely help so many others. Best wishes!
@inezharrison777gmail5 ай бұрын
What is Sloan Servicer? They are handing some of Nelnet Loans
@stanleytate5 ай бұрын
We got you covered. Check out this video: kzbin.info/www/bejne/a5eUiHSjZtGDo9E