samantha25
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Post by samantha25 on Mar 18, 2023 23:44:08 GMT
My student loans were forgiven under Biden's limited PSLF (Public Service Loan Forgiveness) program! I applied in July 2022 and found out today that I met the requirements (employment and 120 payments). My loan repayment plan was the graduated repayment plan which does not qualify under the normal PSLF. I was so surprised. Woo-hoo. Doing a happy dance.
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snyder
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Posts: 3,942
Location: Colorado
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Post by snyder on Mar 19, 2023 1:53:39 GMT
Congratulations and Thank You for your public service. I think your loan was forgiven under a different circumstance and not Biden's loan forgiveness as his proposal was put on hold until the Supreme Court reveiws. I just didn't want to have others get excited about their loans being forgiven when it hasn't been approved yet.
I think yours falls under this program. Congress created the Public Service Loan Forgiveness (PSLF) program in 2007 as part of the College Cost Reduction and Access Act (the “Act”). The final bill passed with wide bipartisan majorities before being signed into law by President George W. Bush.
I know there was huge talk about it here in my city since we have several military bases here. Encouragement was given to those leaving the military to go to school for teaching and other public service jobs.
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Post by tmarschall on Mar 19, 2023 2:40:18 GMT
Congratulations and Thank You for your public service. I think your loan was forgiven under a different circumstance and not Biden's loan forgiveness as his proposal was put on hold until the Supreme Court reveiws. I just didn't want to have others get excited about their loans being forgiven when it hasn't been approved yet.
I think yours falls under this program. Congress created the Public Service Loan Forgiveness (PSLF) program in 2007 as part of the College Cost Reduction and Access Act (the “Act”). The final bill passed with wide bipartisan majorities before being signed into law by President George W. Bush.
I know there was huge talk about it here in my city since we have several military bases here. Encouragement was given to those leaving the military to go to school for teaching and other public service jobs.
PSLF is different from Biden's loan forgiveness that is on hold until the Supreme Court rules...that is for a one time $10k amount. Apart from the original poster assuredly knowing what she's talking about, Biden authorized a time-limited expansion of PSLF where payments and pauses that didn't count previously now do count, as long as one applied before last October, including for those of us who had not applied for PSLF originally. This was to address the shitshow the student loan servicers had created and what Betsy DeVos exacerbated. |
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Post by tmarschall on Mar 19, 2023 2:42:00 GMT
Also, congratulations to the OP! I am waiting to hear on mine, and so very grateful!
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samantha25
Pearl Clutcher
Posts: 2,902
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Post by samantha25 on Mar 19, 2023 3:01:00 GMT
Congratulations and Thank You for your public service. I think your loan was forgiven under a different circumstance and not Biden's loan forgiveness as his proposal was put on hold until the Supreme Court reveiws. I just didn't want to have others get excited about their loans being forgiven when it hasn't been approved yet.
I think yours falls under this program. Congress created the Public Service Loan Forgiveness (PSLF) program in 2007 as part of the College Cost Reduction and Access Act (the “Act”). The final bill passed with wide bipartisan majorities before being signed into law by President George W. Bush.
I know there was huge talk about it here in my city since we have several military bases here. Encouragement was given to those leaving the military to go to school for teaching and other public service jobs.
PSLF is different from Biden's loan forgiveness that is on hold until the Supreme Court rules...that is for a one time $10k amount. Apart from the original poster assuredly knowing what she's talking about, Biden authorized a time-limited expansion of PSLF where payments and pauses that didn't count previously now do count, as long as one applied before last October, including for those of us who had not applied for PSLF originally. This was to address the shitshow the student loan servicers had created and what Betsy DeVos exacerbated. Yes, this is correct. The limited PSLF opportunity was announced on Oct. 6, 2021 and ended Oct. 31, 2022 which allowed borrowers to receive credit for past periods of repayment that otherwise would not qualify for the normal PSLF, as an example, my graduated repayment plan did not qualify under the normal PSLF. My employment was also considered (University of Colorado). This is different from the $10-20K forgiveness that is stalled in the courts. |
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samantha25
Pearl Clutcher
Posts: 2,902
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Post by samantha25 on Mar 19, 2023 3:05:05 GMT
Also, congratulations to the OP! I am waiting to hear on mine, and so very grateful! Let us know the outcome. I received a letter in January from Mohela that was confusing as I thought I did not have enough qualifying payments and thought I did not qualify. Now balance is $0. I applied in July, so keep your hope! |
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Post by freecharlie on Mar 19, 2023 3:57:43 GMT
I didn't apply because the state is paying my loan payment right now (it should pay about half) and I was nervous about messing that up for a "might be."
They are expanding it again and I may look more into it.
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snyder
Pearl Clutcher
Posts: 3,942
Location: Colorado
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Post by snyder on Mar 19, 2023 4:39:24 GMT
Congratulations and Thank You for your public service. I think your loan was forgiven under a different circumstance and not Biden's loan forgiveness as his proposal was put on hold until the Supreme Court reveiws. I just didn't want to have others get excited about their loans being forgiven when it hasn't been approved yet.
I think yours falls under this program. Congress created the Public Service Loan Forgiveness (PSLF) program in 2007 as part of the College Cost Reduction and Access Act (the “Act”). The final bill passed with wide bipartisan majorities before being signed into law by President George W. Bush.
I know there was huge talk about it here in my city since we have several military bases here. Encouragement was given to those leaving the military to go to school for teaching and other public service jobs.
PSLF is different from Biden's loan forgiveness that is on hold until the Supreme Court rules...that is for a one time $10k amount. Apart from the original poster assuredly knowing what she's talking about, Biden authorized a time-limited expansion of PSLF where payments and pauses that didn't count previously now do count, as long as one applied before last October, including for those of us who had not applied for PSLF originally. This was to address the shitshow the student loan servicers had created and what Betsy DeVos exacerbated. The way it was written, and given 300+ people looked at the post with not one reply to the post, I'm pretty sure many were confused by the wording. |
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samantha25
Pearl Clutcher
Posts: 2,902
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Post by samantha25 on Mar 19, 2023 5:02:13 GMT
PSLF is different from Biden's loan forgiveness that is on hold until the Supreme Court rules...that is for a one time $10k amount. Apart from the original poster assuredly knowing what she's talking about, Biden authorized a time-limited expansion of PSLF where payments and pauses that didn't count previously now do count, as long as one applied before last October, including for those of us who had not applied for PSLF originally. This was to address the shitshow the student loan servicers had created and what Betsy DeVos exacerbated. The way it was written, and given 300+ people looked at the post with not one reply to the post, I'm pretty sure many were confused by the wording. No, not really, as I put in the title, the limited PSLF program and not the $10K-20K Biden's stalled program. Maybe need to do research on the limited PSLF program. |
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snyder
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Location: Colorado
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Post by snyder on Mar 19, 2023 5:52:46 GMT
The way it was written, and given 300+ people looked at the post with not one reply to the post, I'm pretty sure many were confused by the wording. No, not really, as I put in the title, the limited PSLF program and not the $10K-20K Biden's stalled program. Maybe need to do research on the limited PSLF program. Maybe as a teacher you understand it, but 99.99% of the members on here are not teachers and what you wrote was confusing because you called it the Biden's program, which right now, most people's minds go immediately to the one that was put on hold so it can be reviewed by the Supreme Court.
Maybe you should have labeled your post "for teachers only".
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Post by tmarschall on Mar 19, 2023 10:43:04 GMT
Also, congratulations to the OP! I am waiting to hear on mine, and so very grateful! Let us know the outcome. I received a letter in January from Mohela that was confusing as I thought I did not have enough qualifying payments and thought I did not qualify. Now balance is $0. I applied in July, so keep your hope! I was waiting on the consolidation letter from Mohela and it came Fri. The PSLF form was submitted in Oct and has been hanging out waiting for the consolidation. So, any day now! It's going to be a life changer. Almost $200k. I've been paying on this for almost 20yrs, to the tune of $1k per month. I have more than paid back my debt, but it's as if I've never paid a dime. I will breathe when I see that balance. Congratulations!!! |
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Post by natscraps on Mar 19, 2023 11:51:39 GMT
This has given me hope. I submitted my application in September to get in before the deadline and it’s been crickets. I don’t qualify otherwise as some of my time was in a private for profit schools.
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Post by jeremysgirl on Mar 19, 2023 11:55:50 GMT
This has given me hope. I submitted my application in September to get in before the deadline and it’s been crickets. I don’t qualify otherwise as some of my time was in a private for profit schools. I'm only a partial right now. I have more payments I need to make. But I submitted mine too and haven't heard anything either. Maybe they don't contact when you only have partial credit. But I have 5 years in right now. And I'm hoping payments made during the pandemic count toward it. I've been trying to make payments on my loans during the moratorium. |
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Post by jeremysgirl on Mar 19, 2023 11:56:53 GMT
My student loans were forgiven under Biden's limited PSLF (Public Service Loan Forgiveness) program! I applied in July 2022 and found out today that I met the requirements (employment and 120 payments). My loan repayment plan was the graduated repayment plan which does not qualify under the normal PSLF. I was so surprised. Woo-hoo. Doing a happy dance. This is such good news for you! |
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Post by tmarschall on Mar 19, 2023 14:37:14 GMT
This has given me hope. I submitted my application in September to get in before the deadline and it’s been crickets. I don’t qualify otherwise as some of my time was in a private for profit schools. I'm sure you've checked but Biden approved forgiveness for a big chunk of for profit schools. Many were predatory or went under. And for what it's worth, I have heard crickets too, except from the loan holder who wanted to kbow what was going on. I kept calling bc no one could tell me and I have been scared something wasn't received in time or was misplaced. Or SOMETHING might screw this up. Until last month when someone gave me a timeline. The letter Fri was a little late, but it is in the order they predicted, so fingers crossed. And jeremysgirl, the months during the moratorium should count, because even if you didn't pay, those months are supposed to count toward your total. |
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Post by jeremysgirl on Mar 19, 2023 14:45:39 GMT
This has given me hope. I submitted my application in September to get in before the deadline and it’s been crickets. I don’t qualify otherwise as some of my time was in a private for profit schools. I'm sure you've checked but Biden approved forgiveness for a big chunk of for profit schools. Many were predatory or went under. And for what it's worth, I have heard crickets too, except from the loan holder who wanted to kbow what was going on. I kept calling bc no one could tell me and I have been scared something wasn't received in time or was misplaced. Or SOMETHING might screw this up. Until last month when someone gave me a timeline. The letter Fri was a little late, but it is in the order they predicted, so fingers crossed. And jeremysgirl, the months during the moratorium should count, because even if you didn't pay, those months are supposed to count toward your total. That is good news. Thank you sharing. I haven't made my full payment during this time so I don't expect that it's going to be an even trade. But I've been paying partial payments all through the pandemic. We were lucky enough to have never stopped working during this time. I had all my college loans paid off but the loans for my masters degree were pretty fresh. |
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Post by tmarschall on Mar 19, 2023 14:52:23 GMT
I'm sure you've checked but Biden approved forgiveness for a big chunk of for profit schools. Many were predatory or went under. And for what it's worth, I have heard crickets too, except from the loan holder who wanted to kbow what was going on. I kept calling bc no one could tell me and I have been scared something wasn't received in time or was misplaced. Or SOMETHING might screw this up. Until last month when someone gave me a timeline. The letter Fri was a little late, but it is in the order they predicted, so fingers crossed. And jeremysgirl, the months during the moratorium should count, because even if you didn't pay, those months are supposed to count toward your total. That is good news. Thank you sharing. I haven't made my full payment during this time so I don't expect that it's going to be an even trade. But I've been paying partial payments all through the pandemic. We were lucky enough to have never stopped working during this time. I had all my college loans paid off but the loans for my masters degree were pretty fresh. That's a huge accomplishment to have paid the undergraduate loans off! |
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Post by aj2hall on Mar 19, 2023 15:53:06 GMT
Congratulations! I'm sure that's a huge relief for you.
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samantha25
Pearl Clutcher
Posts: 2,902
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Post by samantha25 on Mar 19, 2023 16:26:20 GMT
No, not really, as I put in the title, the limited PSLF program and not the $10K-20K Biden's stalled program. Maybe need to do research on the limited PSLF program. Maybe as a teacher you understand it, but 99.99% of the members on here are not teachers and what you wrote was confusing because you called it the Biden's program, which right now, most people's minds go immediately to the one that was put on hold so it can be reviewed by the Supreme Court.
Maybe you should have labeled your post "for teachers only".
I am not a teacher. A scientific researcher. |
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Post by tmarschall on Mar 19, 2023 17:00:18 GMT
Maybe as a teacher you understand it, but 99.99% of the members on here are not teachers and what you wrote was confusing because you called it the Biden's program, which right now, most people's minds go immediately to the one that was put on hold so it can be reviewed by the Supreme Court.
Maybe you should have labeled your post "for teachers only".
I am not a teacher. A scientific researcher. I think she was implying only teachers could possibly understand the complexity of your original post. 😉 |
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leeny
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Jun 27, 2014 1:55:53 GMT
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Post by leeny on Mar 19, 2023 18:04:43 GMT
Congratulations! I worked for government and non-profit and was initially denied because I had the wrong payment plan. Was able to re-apply for Biden's version and was approved. In fact, since I was denied initially and had continued making payments, they went back and refunded me a nice chunk of change. It is such a relief and a wonderful reward for public service commitment.
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Post by tmarschall on Mar 19, 2023 18:28:17 GMT
Congratulations! I worked for government and non-profit and was initially denied because I had the wrong payment plan. Was able to re-apply for Biden's version and was approved. In fact, since I was denied initially and had continued making payments, they went back and refunded me a nice chunk of change. It is such a relief and a wonderful reward for public service commitment. If I could like this twice I would! |
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samantha25
Pearl Clutcher
Posts: 2,902
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Post by samantha25 on Mar 19, 2023 18:59:43 GMT
Congratulations! I worked for government and non-profit and was initially denied because I had the wrong payment plan. Was able to re-apply for Biden's version and was approved. In fact, since I was denied initially and had continued making payments, they went back and refunded me a nice chunk of change. It is such a relief and a wonderful reward for public service commitment. Oh wow! That's great! |
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