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Post by intothewild on Apr 14, 2022 19:52:57 GMT -5
All of my student debt was forgiven this week.
Still in a bit in shock!! Thanks to everyone here who encouraged us to apply.
I started the process in early December !
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Post by mvnsouth on Apr 28, 2022 8:33:45 GMT -5
Interesting reading, as when I started at SSA (more than 10 years ago, but after 2008), I specifically asked about student loan forgiveness and was told it did not apply to SSA as we "made too much money". I am feeling very foolish at this point for simply taking the statement at face value. Ditto! 17 years and counting.... |
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Post by dragon on Apr 28, 2022 8:53:48 GMT -5
It looks like standard 25 year repayment plans won’t qualify based on what I can gather from the PLSF application instructions and online. Has anyone had a longer than 10 year term loan forgiven via PLSF?
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Post by montyburns on Apr 28, 2022 9:02:14 GMT -5
It looks like standard 25 year repayment plans won’t qualify based on what I can gather from the PLSF application instructions and online. Has anyone had a longer than 10 year term loan forgiven via PLSF? You are misunderstanding it. If you made payments in ANY payment plan for a MINIMUM of ten years while working for a qualified employer, your balance will be forgiven. I was on a 30 year payment plan, paid for 17, and worked for a qualifying employer for 11. I had them forgiven. Consolidate into direct loans now, then file your pslf, then stop worrying about it. |
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Post by intothewild on Apr 28, 2022 10:08:01 GMT -5
It looks like standard 25 year repayment plans won’t qualify based on what I can gather from the PLSF application instructions and online. Has anyone had a longer than 10 year term loan forgiven via PLSF? It doesn’t matter what plan you were on. This is the purpose of the waiver. All you need is 10+ years service and 120 payments. You only have until October 2022 to file your form. |
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Post by dragon on Apr 28, 2022 10:35:06 GMT -5
Thank you both! It’s confusing with old and new information out there. After 14 years of paying and public service this is great news!
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Post by ba on Apr 28, 2022 20:48:48 GMT -5
It looks like standard 25 year repayment plans won’t qualify based on what I can gather from the PLSF application instructions and online. Has anyone had a longer than 10 year term loan forgiven via PLSF? They should qualify under TEPSLF and under the amnesty waiver. Feel free to PM me about that. |
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Post by carrickfergus on Aug 4, 2022 9:05:00 GMT -5
Just read that the admin. may include PLUS loans in the upcoming forgiveness package.
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Post by bettercallsaul on Aug 9, 2022 19:27:25 GMT -5
Has anyone else had payments that previously did not qualify for PSLF move to qualifying since the temporary waiver started, only to have FedLoan disqualify those same payments when they process a subsequent employer certification form? This happened with my most recent certification form and wanted to see if it's widespread or a matter of FedLoan using their best and brightest to process my form.
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Post by toast4u on Aug 10, 2022 12:22:56 GMT -5
Has anyone else had payments that previously did not qualify for PSLF move to qualifying since the temporary waiver started, only to have FedLoan disqualify those same payments when they process a subsequent employer certification form? This happened with my most recent certification form and wanted to see if it's widespread or a matter of FedLoan using their best and brightest to process my form. I had some payments that were not deemed as qualifying, stating my federal employment had not been certified. However, I have been certifying my employment annually and worked for SSA during the entire timeframe. I was concerned I was going to have to appeal those disqualifying payments, but I recently received a letter indicating I have 120 qualifying payments. I'm now waiting on official notification that my loans are forgiven. I hope they don't change their mind like they did you. A coworker had to appeal his disqualifying payments for the same reason and they eventually found all his payments were qualifying. |
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Post by aa7 on Aug 10, 2022 14:01:06 GMT -5
Has anyone else had payments that previously did not qualify for PSLF move to qualifying since the temporary waiver started, only to have FedLoan disqualify those same payments when they process a subsequent employer certification form? This happened with my most recent certification form and wanted to see if it's widespread or a matter of FedLoan using their best and brightest to process my form. I had some hiccups with this stuff and probably spent at least 10 hours (over many calls) on hold trying to connect to someone to work it out. They found that I only had two months of qualifying employment, even though I had been working for govt for over 12 years and it clearly said that on my employment certification. I had to get to a PLSF specialist and then a manager to get it cleared up. It had sat around for 6 months like that and they kept saying "just wait a little longer" every time I called. After much persistence, I was officially forgiven. I have a suspicion that they manipulate payment counts to "hold" applications while other things are happening |
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Post by superalj on Aug 10, 2022 21:42:36 GMT -5
I get a different answer every time I call with a question. I’m worried that once my loan gets transferred to the new servicer, they will take away previously found eligible payments.
Accordingly, I’m keeping close track of any activity online 2. Keeping copious notes of every telephone contact 3. and plan to pay the loans off (you can pay ahead with 12 or less payments due) as soon as I can. I’m not sure if you have read the GOP bill, but it will end the public service forgiveness program. It has no chance of passing now, but it wise to get forgiveness if you are close before 2024. Remember that Devos denied 98 percent of the forgiveness applications and we could have a similar result should there be a new POTUS and secretary of education in 2024.
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Post by breen68 on Aug 19, 2022 12:39:40 GMT -5
I received word today that my loan is officially transferring from Fedloan to MOEHA on 8/30/22. Fedloan had already certified my qualifying and eligible employment over 120 months. I am simply waiting on the official forgiveness notice. I hope the transfer of my loan doesn’t cause any hiccups🤞
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Post by spacemonkey on Aug 20, 2022 13:55:12 GMT -5
I am in the same boat. I called Fedloan when I received the first email about this and asked why I was being transferred when I already had 170+ payments certified and had been notified that my loans would be forgiven approximately a month earlier. I was told that my loans would not be transferred. Yet here I am with my loan now at MOHELA as of today and no indication on the website that I have ever even applied for PSLF. I have all of my old paperwork, but I get the feeling that they are going to tell me to give them another 60 days to process this. Of course, that was what they said when I started this process about nine months ago.
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mbd
Full Member
Posts: 36
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Post by mbd on Aug 20, 2022 21:42:43 GMT -5
The fedloan website now seems to say that all PSLF applicants will be transferred to Mohela. A process occurring between July and September. A bit annoying for me, as my loans were with Mohela before—for years—and last update I’ve received on my PSLF application was that they were successfully transferred to Fedloan. Now they have to be transferred back before anything else happens?
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Post by ba on Aug 21, 2022 19:22:19 GMT -5
The fedloan website now seems to say that all PSLF applicants will be transferred to Mohela. A process occurring between July and September. A bit annoying for me, as my loans were with Mohela before—for years—and last update I’ve received on my PSLF application was that they were successfully transferred to Fedloan. Now they have to be transferred back before anything else happens? PHEAA (Fedloan) is getting out of the servicing of federal loans. It took MOHELA a year to becomes able to actually handle PSLF cases, so now they are sending them over in batches. I think the hope was Fedloan would get the above 120s done before the transfer, but they lost a lot of staff with their on again off again servicing contract. It seems the time has now run out. |
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Post by superalj on Aug 27, 2022 9:06:37 GMT -5
Pay off those loans before 2024. Remember that devos or secretary devious denied 98 percent of forgiveness applicants. A new POTUS and Congress may legislate away the program and I’m expecting a court challenge to the 10k cancellation.
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Post by badger on Aug 27, 2022 15:23:12 GMT -5
Pay off those loans before 2024. Remember that devos or secretary devious denied 98 percent of forgiveness applicants. A new POTUS and Congress may legislate away the program and I’m expecting a court challenge to the 10k cancellation. I'm sorry, but this is terrible financial advice for someone working towards PSLF and just a restatement of fear mongering headlines. The 98% denial of forgiveness was mostly due to user error. These people were not eligible for forgiveness yet. Additionally, PSLF is built into the master promissory note of the loans, so in the extremely unlikely event that congress pulls PSLF for loans that have already been issued, there are several contractual arguments for the courts to fall back on to grant forgiveness for current borrowers that have relied on PSLF. |
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Post by superalj on Aug 28, 2022 15:55:08 GMT -5
98 percent user error? I’d find that funny if I didn’t think you were serious. It’s not fear mongering, sadly it’s reality. In fact, I just saw a prominent senator on the Sunday am news shows calling the 10k forgiveness “illegal”, which tells me to expect a court challenge.
Back to the 98 percent user error, that’s an insult to a lot of smart people, many on this board, whose loans were intentionally not forgiven regardless of eligibility thanks to former Secretary Devos.
Lastly, contractual arguments? I don’t think that helped the “2” percent that according to you who should have had their loans forgiven.
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Post by abthejd on Aug 28, 2022 20:48:23 GMT -5
98 percent user error? I’d find that funny if I didn’t think you were serious. It’s not fear mongering, sadly it’s reality. In fact, I just saw a prominent senator on the Sunday am news shows calling the 10k forgiveness “illegal”, which tells me to expect a court challenge. Back to the 98 percent user error, that’s an insult to a lot of smart people, many on this board, whose loans were intentionally not forgiven regardless of eligibility thanks to former Secretary Devos. Lastly, contractual arguments? I don’t think that helped the “2” percent that according to you who should have had their loans forgiven. Davos and crew looked into cancelling the program for all during the prior administration, but found out quickly it was a losing legal battle for anyone already started in the program (those who had certified at least some of their payments). The only path they were leading towards was ending the program for new borrows who weren’t done earning their degrees. The fear of cancelling the program for those already in progress is no longer an issue. |
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