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Post by mcmahonfan85 on Nov 24, 2022 3:12:29 GMT -5
Just got another email today saying I was approved but it's pending the court rulings. The whole thing is so confusing. I read somewhere else that they are putting the pause back on repayments until June until they figure it out. I thought the whole thing was dead in the water from what I heard just days ago so who knows. Just let me know one way or another and I can set back up the automatic payments where I'll just be paying off the interest until I die. - the student loan forgiveness program right now is tied up in the courts (and is most likely going to be ultimately decided by the Supreme Court). - while it is being litigated, the government is no longer taking applications. however, the applications that have already been submitted are being approved, and will take go into effect if the courts rule in favor of the Biden administration - the loan payment freeze (which was set to end in January) has been pushed back due to the relief program being on hold until the courts decided if it is legal or not (imagine the headache there would be if people who are under the $20k limit had to make payments for several months, only for the courts to later decide that the program was okay. would they be entitled to get their money back, and if so how would the government go about doing that) - right now the payment freeze will remain in effect until 60 days after the courts have decided whether or not the relief program is legal. however, if the courts have not decided by June 30, the freeze will end 60 days after that (August 29)
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Post by ElmerFudd on Nov 24, 2022 3:20:10 GMT -5
Looks like I won't have to worry about this till June anyways. College did nothing for me anyways the job I have now only requires a high school education. Since I just work from home in my bed whatever I still make more than I spend per month I've pretty much just given up on having some sort of high quality life.
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schma
El Dandy
Who are you to doubt me?
Posts: 7,541
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Post by schma on Nov 24, 2022 16:41:03 GMT -5
So, without getting too much into politics, how would student loan forgiveness be illegal?
This is one time I'd like our leaders to take a page from those south of the border (the u.s.).
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Post by Banjo Is Broken on Nov 25, 2022 2:13:06 GMT -5
Okay, I forgive you, Student Loan.
All is good now.
*floats up into the sky then gets sucked into a passing jet engine*
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Post by mcmahonfan85 on Nov 25, 2022 4:01:54 GMT -5
So, without getting too much into politics, how would student loan forgiveness be illegal? This is one time I'd like our leaders to take a page from those south of the border (the u.s.). the argument is that due to the size of the debt this will affect, the president does not have the authority to unilaterally wiped it out through an executive order, so it must be approved by congress first
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Post by KAMALARAMBO: BOOMSHAKALAKA!!! on Feb 22, 2023 12:29:21 GMT -5
I called my loan servicer yesterday and it looks like most of my student loans are going to be forgiven due to my PSLF service. I just have to get ANOTHER employment certification to them despite just giving them one in October.
Most of my loans as of October are at 118 qualifying payments (120 is needed). After they approve my February employment certification I’ll be over the 120 threshold for MOST loans. The only exception is the one I have for grad school, which should be at 120 by August.
I’ll be so glad once that burden is gone. They’ve been a heavy load for the entirety of my 20s and most of my 30s. For the young folks out there put a lot of thought into what you want to do for your education.
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Post by YAKMAN is ICHIBAN on Feb 22, 2023 14:36:43 GMT -5
Well f*** I faxed my PSLF stuff to MOHELA back at the end of October and haven’t heard a thing, and forgot about it
I guess I am going to have to call to find out wtf is going on and probably resend the paperwork to them
I hate calling these places, it is always torture
If everything is in order I think I will hit my 10 years in January 2024
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Post by KAMALARAMBO: BOOMSHAKALAKA!!! on Feb 22, 2023 15:32:14 GMT -5
Well f*** I faxed my PSLF stuff to MOHELA back at the end of October and haven’t heard a thing, and forgot about it I guess I am going to have to call to find out wtf is going on and probably resend the paperwork to them I hate calling these places, it is always torture If everything is in order I think I will hit my 10 years in January 2024 If you check online it may say processed. It takes them 90 BUSINESS DAYS to process forms. If you decide you have to call try to do it first thing in the morning and even then be prepared to wait. I was on hold for over an hour yesterday. Also, it’s a maze even to get to be on hold. That’s a screenshot of my cell phone showing you how many attempts it took me to get on hold. Their automated system is glitchy as hell. It will say it doesn’t understand you when you are just listening to one of their recorded messages or start repeating a sentence in a loop randomly before hanging up on you. IIRC correctly the way I got to be on hold yesterday was listening to the options, pressing 1 then listening again, pressing 1 again and then pressing 8 and waiting. That got me to a live person who didn’t have access to my file. But they transferred me…to being on hold. That’s when I waited for over an hour and finally got access to a live person (a trainee who had their supervisor monitoring them). What I did may not work for you as I know when I called in October the process to get to a live person was completely different. I was still on hold for over an hour though. It’s almost like they want people to default on their loans. Yeah…”almost like.” Anyway, good luck and may God have mercy on your soul.
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Post by KAMALARAMBO: BOOMSHAKALAKA!!! on Mar 30, 2023 15:26:13 GMT -5
The PSLF form I submitted in February has been processed. My tracker shows I have the 120 counting payments (123 actually) for everything except a grad school loan which should be forgiven in August. To clarify this wasn’t from the broader forgiveness program that will affect more people, but due to my 10 year PSLF service.
But like Yogi Berra said, “It’s not over till it’s over” so I won’t be completely at ease until I get written confirmation that everything has been wiped out.
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