Secret Payment Count Hack, PSLF Troubleshooting and PAYE Rumors

[@robleyanne]

I kept paying during forbearance and just re-certified my employment and it counted all my payments towards PSLF during SAVE forbearance. Just FYI.

[@guitasharifi7413]

O wow I’ll do mine early then

[@meaganmcguire5857]

good to know!

[@StudentLoanPlanner]

Thanks for sharing! Data points like yours are helpful.

[@anitabrown3286]

Mine didn't. How did yours?

[@robleyanne]

@ 🤷🏼‍♀️ I kept paying the same as if forbearance wasn’t a thing and I certify my employment every 6 months and when I re-certified in October it updated my PSLF counter

[@Krysto0o]

Sooo cool! Thank you!! Now it’s just a waiting game to receive actual forgiveness lol (PSLF here…)

[@BrandonGraham-bg8oq]

My congressmen, stated due to the injunction, they not allowing people to switch plans, until the court case is resolved.

[@JavaScriptJolt]

How is this even legal!?!

[@gif24gt60]

Save the SAVE!😮

[@derrickcleveland1681]

The payment trick hack seems pretty accurate overall. I'm still confused as I have everything (undergrad and grad loans) consolidated under one direct loan with the original loans dating back to 1998. It has ICR, IBR, and SAVE out of 300 payments (which I guess makes sense if it's for grad loans) and IBR_2014, PAYE and PSLF out of 240 payments (21 left). I'm not really complaining as I'm down to $13500 after 19 years of paying (down from $101K), just trying to make sense of it all). Right now I'm just sitting out the SAVE forbearance until February. Thanks as always Student Loan Planner for all the info.

[@maggielink2364]

When I called student aid they told me IBR will be changing to 15% for everyone. Is this something you have heard?

[@DrPsychlops]

Could you do one for (clinical) psychology graduate students?

[@nicoleenelparaiso2801]

My issue on PSLF is that with the consolidation to take advantage of the IDR waiver, which haven’t heard anything yet, is that MOHELA put me on standard repayment. Now I am stuck waiting to get into a repayment plan.

[@lisasmith9757]

Please provide more information on possible solutions if some going for 25 forgiveness doesn’t qualify for IBR. I’m 6 payments away from 25 year forgiveness and would like to know if there’s any advice.

[@Asombrosa2Arabian1]

Same here! Exactly. 5-6 payments. Nov was 25 years.

[@user-df2uu4tq6d]

What about the one time payment count adjustment

[@JavaScriptJolt]

This may seem like a dumb question, but here it goes. If the Department of Education gets abolished, which I know is not likely, will my federal student loan become a private loan? There's talk about either moving federal student loans to the Department of Treasury or to private lenders. Does that mean that the private lenders just service the federal student loans, or do the federal student loans get converted to private loans? This is what scares me!!!

[@jamd1jones79]

Please stop saying we can switch we unfortunately can’t no one can

[@meaganmcguire5857]

you can submit an application to switch. May not get processed for a while but it's proactive and better than doing nothing.

[@anitabrown3286]

I don't understand why they keep saying that we can switch. If you are in forbearance due to the 8th circuit's freeze on the SAVE plan, you cannot switch. You can't do anything but stay frozen in time. If you call studentaid.gov, they will tell you that you can't do anything until the courts lift the stay.

[@TinyLane-fp1tx]

You can switch to the standard level or standard graduate repayment plan.

[@teribertrams1440]

I am doing the Double Consolidation loophole. I have done my final consolidation and requested the standard repayment. My payment count was reset to 360 payments - none of my last 10 years of payments were credited. I am assuming when I apply for the IDR plans that my past payments will be credited on a weighted basis? I keep reading conflicting information.

[@bryanenglish]

When you say PAYE may be returning does this mean REPAYE as well if you have older loans?

[@meaganmcguire5857]

not sure yet

[@JjJj-nz6bj]

Im currently in SAVE limbo and am considering switching to IBR. I went on the FSA loan simulator and it is showing me under my current SAVE, an IDR 25-year forgiveness date of May 2026 (which jives with that account adjustment URL showing 18 months till forgiveness). However, when the simulator shows if I switch to IBR, it says $0 forgiveness and a pay-off date of Oct 2037! I am afraid to switch anything and dont understand why I would lose IDR forgiveness if I were to switch to IBR. Please help! Thanks!

[@plasticpaperfunk]

If I first borrowed before 2007 but consolidated all my loans in 2023, am I still not eligible for PAYE?

[@effiejames9129]

The payment counter says “Unauthorized”.

[@ImSoMinimal]

you have to sign into studentaid.gov first, then open the link in separate tab

[@SvilenTrifonov]

Her instructions weren't clear. First of all, you have to do it on a computer. Second, log into your student aid account and make sure you get to your dashboard. Third, open a new browser tab (but DO NOT close this studentaid.gov main tab), and in this new tab paste the link. I hope this works for you.

[@sarahfox5379]

You have to login first and then open a new tab with that url.

[@effiejames9129]

@ Thanks!

[@stephenjacobcoffey9246]

Thanks for the information regarding the trick to see payment counts. My question is does this number include all that the IDR Waiver adjustments, for example the months of deferment or forbearance that would count as well as the COVID-19 pause?

[@meaganmcguire5857]

seems like it does, it just may not be 100% complete

[@stephenjacobcoffey9246]

@ let’s hope so cause my loans go back to 2000 and this says I only have 208 payments. Seems incorrect to me. 🤞🏻

[@ireneolsen9037]

Includes everything.

[@kimmc626]

Mine was accurate.

[@stephenjacobcoffey9246]

I have been working on my counts and it seems like either not all counts were applied or this is wrong. I have had 262 months since the inception of the original loans. Granted I had some forbearance and deferment since (covid 19 withstanding) yet IDR Waiver says any time in economic hardship and deferment prior to 2013 will count as a payment. I HOPE this gets implemented before January so I can switch to PAYE to have my loans cleared. Wishing and hoping!!!

[@RonaldScott-z4c]

Thanks for the breakdown! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

[@mariapecot5882]

I reach 120 months of employment next month but haven’t been able to make payments since July due to save. I plan to 1. Certify my employment to show 120 eligible months 2. Apply for a buyback after that goes through for the months of July-Dec 2024, which would give me 120 months of employment and payments. I also plan to Apply for IBR as a back up in case my buyback plan doesn’t go through with the new administration. My question is can I apply for IBR while waiting to recertify and/or for the buyback to be processed, or should I wait?

[@TheVelvetTallow]

Great video

[@asarussell5739]

Are there people we can hire to help guide us through the process of applying for PSLF buy back?

[@dreamer.taurus]

The payment summary say 404 not found now

[@meaganmcguire5857]

make sure you're signed into studentaid.gov in the same browser

[@StudentLoanPlanner]

Make sure you're logged in first and then open a new tab with that URL. Let me know how it goes for you.

[@tray99847]

Are there any options or tips for the 20 year loan forgiveness under SAVE who filed a complaint?

[@ireneolsen9037]

Copy the code into AI software and ask to convert into normal language. It worked for me.

[@meriksson24]

Me too!

[@AbraAlahouzos]

I see the site with all of the code but I didn't consolidate so I have a lot of data. Some says 57, some says 58 some says 34. Both the 58 and 34 says that I am qualified (has a big Y on the txt code) the 57 says N. This is alot...what do you think it means? I am going for PLSF and working in the non-profit sector.

[@SvilenTrifonov]

The Y marks plans you are qualified for (you can switch in and out from), plans marked with N are ones you do not qualify for. You yourself know which plan you are currently in. The data here shows your options if you needed to make a switch. The reason you see different payment numbers is exactly due to the fact you didn't consolidate, so you see what EACH of your loans qualifies for, how many payments have been applied to it, and how many you have left.

[@SM-wt1wf]

The link is not working for the payment counter

[@kimmc626]

@@SM-wt1wf Did you login before pasting the link?

[@derrickcleveland1681]

I'm not sure if this helps, but try logging into StudentAid.gov and then clicking on the link and it should open the payment tracker automatically in a new browser.

[@meaganmcguire5857]

You have to sign into studentaid.gov first

[@r1cky3jr]

I logged in and put the link a new tab but only code appears

[@kimmc626]

@@r1cky3jr If you see a box that says “pretty print” check it and it’s easier to read.

[@aiastelamonian6868]

Says i have 54 mos left on SAVE, but 0 for PAYE(244 payments made/240 payments needed). I didnt qualify for PAYE before since my loans were before 2007. Has PAYE changed? Does this mean I qualify for forgiveness under PAYE?

[@meaganmcguire5857]

Not it has not changed.

[@billbonu1639]

My parents gave me my college money to start a business instead.that was 30 years ago.my company generated four million dollars last year with eight employees and I was able to keep 750k after it was all said and done.do whatever you want though.

[@UnknownUnknown-tu3be]

Tell the Biden Administration to leave PAYE closed, keep the courts off PAYE.