What to Do If You’re Really Close to Student Loan Forgiveness

[@d3po455]

Anyone see their payment count adjustment hit their account after a direct loan consolidation (non-PSLF)? I know no one.

[@SellyS.]

I applied to consolidate in April and just last week saw my payment count updated

[@csam67]

I did it june 20th. Popped up last week. Not sure if I will be getting an account adjustment but it does match my payment count on my original loans

[@Sparty1224]

There's really no precedent for people switching from an IDR plan to Standard (why would you??) until now with all the IDR plans disappearing. Do you really think they would amortize it over 1-2 years? Could be 10s of 1000s of dollar for people!

[@bethbramblett9946]

Why won't Dept of Ed report zero balance (from 123 qualifying payments under PSLF as of March 2024) to credit bureaus? Idk what to do!

[@LinzieXu-x2s]

Thanks for sharing such valuable information! A bit off-topic, but I wanted to ask: 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). How should I go about transferring them to Binance?

[@vanyanorth8145]

So I only qualify for old IBR since I took out my first loans before 2014. I can afford the payment, but am waiting for the SAVE forbearance to end so I can switch (although I'm secretly hoping they will bring back REPAYE). I do NOT qualify for PAYE by the way! My question is, is the old IBR plan protected by statute for the PSLF program?

[@derekshane8786]

Good question, Im in the same exact boat as you. Was on repaye, didn't qualify for paye. Not even sure if I can qualify now for IBR.

[@derekshane8786]

I'm aiming toward pslf but only half way there. I called edfinacial yesterday and asked if I was to switch from save to the IBR plan, would I need to prove a partial financial hardship to be accepted into IBR and she told me no. Is this true? I'm worried I won't be able to get back on a pslf plan if my income is too high now. I'm in California and the way they do taxes out here even if filing separately , there is a form 8958 where they basically add some of my spouses income to mine because it's community property which may disqualify me for partial hardship.

[@derekshane8786]

Oh and edfinacial also said they won't process any applications for other programs until the forbearance ends.

[@rrrasmussen6236]

How long would it take to get rid of the buyback process via negotiated rule making? Can the currect rule/statute be paused/stopped/changed prior to this process being completed? I applied for buyback in november- could the program be shut down before I get my forgiveness processed?

[@tg7444]

I've been trying since April to get a buyback amount and have heard nothing so far. 😞

[@bensincali1]

Yeah. I haven't seen a credible report of buyback being approved and loans discharged. Not one. It's probably irresponsible to give people the impression this program is functioning.

[@SellyS.]

It's not possible to apply for PSLF if your account doesn't indicate that you're at 120 payments. I'm at 117 and couldn't get through. It's a Yes or No question you have to answer and when I tried to select yes it wouldn't let me proceed unless I selected No

[@tracywhite5859]

PSLF says you have to have 120 qualifying payments not 120 months of employment

[@spbennett88]

Is your 120 months of qualifying employment satisfied on the first working day of your 120th month, or after the last day of your 120th month? Normally, I wouldn't care about something so insignificant, but given that my 120th month is January, that is the difference of submitting my final ECF on January 2nd vs. February 3rd. With Trump in office January 20, clearly the timing here is significant (at least in my head).

[@nicoleenelparaiso2801]

What a mess!