The SAVE Plan Latest + State of Student Loans Webinar Snippet

Check out the latest fallout from the judiciary pause of the SAVE plan and its impact on other IDR plans.
PLUS, a brief snippet from our webinar, The State of Student Loans!
Click the link below for access to the full webinar replay!
ACCESS THE REPLAY
mailchi.mp/1f3...

[@catherinekuntz8306]

Are the idr adjustments still in play

[@Mage-mc7mz]

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

[@catherinekuntz8306]

Nelnet has told me there is no adjustment anymore

[@DuckiesOnQuack0]

yoy forgot to mention about standard plan being not 10 years for everyone. consolidated loans get a standard plan with repayment term based on the balance at consolidation. and those who opted for the other term based repayment plan (extended- meaning 25 year term) CANNOT go back to standard if they passed the 10th year in the life of the loan. dont get new maturity dates unless u consolidated.

[@catherinekuntz8306]

If i go with the Paye plan mine would be paid off in 2028

[@lisagosweiler6222]

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.

[@EscapeStudentLoanDebt]

I appreciate the correction! I misread the guidelines stating that you had to be there at time final form was submitted. I'm going to issue a correction in the video we drop tomorrow (Brenton)

[@catherinekuntz8306]

My student loans are in forbearance until Nov.7th

[@KMarieLaVigna]

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?

[@EscapeStudentLoanDebt]

It would definitely be a mistake: the Dept. of Ed has issued multiple releases saying everyone on the plan is in forbearance right now. I would reach out to the loan servicer and if they're not responsive, reach out to the Ombudsman or file a complain with the Consumer Financial Protection Bureau

[@KMarieLaVigna]

@@EscapeStudentLoanDebt i emailed them basically what you said. and now it says zero payment due and "Awaiting Form Administrative Forbearance-Ends 10/31/2024". thank you for your help!

[@catherinekuntz8306]

They dont count