🙏🏾👊🏾BRO YOU ARE SUCH A FOUNDATION OF INFORMATION AND PEACE!!🙌🏾👊🏾🙏🏾 I’M IN THE SAVE PROGRAM AND I’M JUST SITTING AND WAITING AS THIS PLAYS OUT! THANK YOU FOR ENCOURAGING US AND MAY GOD BLESS YOU AND EVERYONE CONNECTED TO YOU!!🙏🏾🙌🏾😇👏🏾☝🏾🎊❤️
The problem with the States suing is that they are in the "student loan" business. Meaning they make money from the interest on student loans. So by reducing to 5% of income, then States can collect less interest.
As Jesse Ventura , said as governor of Minnesota, the government should not be in the business of making money and competition with the private sector . That is communism.
I had several years of IBR from 2006-2018 then I did a consolidation and lost all of my prior years before that consolidation. I had navient and several other companies before it’s with my current Lon servicer. So I had exactly what you are talking about. My worst idea was to do this now my 90,000 loan is almost 141,000 because of interest and capitalized interest. What can I do? Is the Save plan going to help me? I don’t want to lose my length of credit like I did before 2018. Helped I owe a house without the house in my loans.
a lot of people in recovery from default missed this consolidation. a good idea is to form a group or letter to request another extension due to things that happened in july 24
Graduated loans from Grand Canyon university back in 2015 DOE never notified about the Cordova class action lawsuit that closed in 2022. Filed for BD in 2022. Just got diagnosed with cancer. Now thinking about bankruptcy next year. Should i go back into save plan to get the 1x credit? OR will i still get that credit? Your videos are incredibly informative 👏
I consolidated in 2016. Turns out Navient (no longer with them) had me on Extended Repayment Plan for 8 years. Will I not get any PSLF credit for those loans (saying ineligible for PSLF/TEPSLF) for my years as a teacher during that time? ECF changed nothing on PSLF count. Conflicting answers everywhere.
I've already started watching this for the second time because I am not comprehending some important aspects. First of all, I thought that the deadline had passed in April/May. I had so much pressure on me during that time, I wasn't able to devote time to the waiver at that time, unfortunately, because you seemed to say I needed to download and utilize some kind of tool to research my loans first. Secondly, when you say the loans have to be held by the Dept of Education, does that mean if my loan is with Navient, it's not with the Dept of Ed?? My loans were consolidated years ago for IBR with Navient. Is that a sufficient consolidation? And now Navient has transferred my loans over to another servicer. Is the timing of this a coincidence?? Would it affect this adjustment at all? When you said you can use the One Time Acct Adjustment with these 3 plans, I'm not quite sure what is meant by that. Use the adjustment to enter into those plans or if you're already using those plans?? Anyway, I plan to rewatch for clarity but if I had known the deadline was still running, I may have applied by now.
PS how do I apply? I tried to get the first adjustment for the 10,000 or 20,000 and was on the list until the republicans blocked the help Biden was going to give students. I haven’t heard anything since the loans started accruing interest in October of 2023. Thank you for any thoughts or advice. This is so important for graduates as well as current and new students.
Thanks for these videos! I’m a little confused by what is/isn’t enjoined by the suits against SAVE: if we have FFEL loans that might have hit 25 years in repayment, can they be forgiven under SAVE or does the injunction mean we should switch to IBR instead?
Good question! We don’t have clarity about whether the order blocked early save forgiveness or 20-25 year forgiveness. If it were me, I’d probably still go with SAVE, but I can see the argument about why you’d go with IBR.
@@stanleytate As much as I gathered from my research and reading various sources, it only aims to block the early SAVE forgiveness that Biden recently introduced (starting at 10 year). The 20-25 years have been in the books for various IDR plans for a long time now and those would not be affected.
@@ireneolsen9037 -- here's hoping. My grad student loans hit the 25 year repayment point in May 2024! Here's hoping for my ICR/IBR/IDR OG loan forgiveness sooooooon!
Mine was forgiven, but I had to consolidate to a federal direct loan to do it, mine was held by the department of education, because it default, I got on the fresh start program, consolidated and joined save, but that was before the court ruling blocking save.
Thank you for this valuable information. Glad to hear that the one-time account adjustment is still in effect if our loans are held by DOE. Question: I just discovered my grad school went out of business at the end of May. (Goddard College). Do you think there is any recourse for those of us who took loans out for our grad programs at Goddard?
I got into PSLF 4 years ago but had student loans since 2010. Will my previous deferment and forbearance credits prior to the start of my PSLF apply to my current PSLF terms?
I consolidated in October 2023 for the IDR waiver and have been in repayment with undergrad and grad for 30 years and still haven’t gotten the notification of forgiveness. OS EVERYONE supposed to receive the notification by Sept 1st?
Is the one time account adjustment written as part of the save program initiative that has now been blocked in full?? Or was it a stand alone policy that is going to still happen?
@stanleytate. I have undergrad and graduate loans that I consolidated. I have been paying for 20 years on undergrad. Will I get the 20 year credit toward my graduate loans?
@@stanleytate WHAT. I graduated from undergrad in 2000 and owed $10k. I now owe $2k. I have been paying since 2000. I graduated from law school in 2007 and owe $100k. I have been in IBR for 10-14 years. You are saying I may get credit for payments made since 2000 toward my law school loans?
@stanleytate i entered college in 1994. Graduated in 1998 undergrad. Went t0 Grad school 2001-2003 graduated grad school. Loans consolidated and im on save plan do you think i have enough time to get my loans forgiven
I was filling out the application for consolidation but the federal student loan website wouldn't let me finish due to the court interventions right around 6/30 and it didn't give me the option to finish until after 6/30 - but now I can go back and finish it - so I won't get the full time in repayment(deferments, etc) credit?
It correlates with how aggresive these conservative supreme court judges are reversing all previous court decision, much like the abortion laws. This and how project 2025 states they want to eliminate the Department of Education(unlikely) will affect or eliminate the overall forgiveness programs, including PLSF. Just vote Blue to mitigate this risk
The striking down of Chevron by the Supreme Court limits the ability of federal agencies to enact regulations that should be the responsibility of Congress. In other words, CONGRESS makes laws, not unaccountable bureaucrats within federal agencies.
I had 2 loans from 2012 that were paid by the forgiveness but I had 4 others from 2015 that were not...why didn't they give me until the deadline to consolidate then all would have been paid if I'm thinking correctly????
They gave you the option to opt out of the forgiveness to consolidate before the deadline. The deadline was also moved back a few times to help people like you qualify for total relief. It sucks you didn't fully benefit. But it's awesome you got the relief you did.
@@stanleytate I still had 3 weeks that I could have consolidated but they went ahead and paid the two off early june i still had time to consolidate which i was planning on doing by the deadline but since they paid them off i couldn't.
My loans have been forgiven!
Congrats!! How long did it take for them to re-count and adjust?
Mine too but still showing on my credit report but not when I login to the student loan site. Congratulations though!!!
You got lucky, like I did, another few weeks and you would have been fucked.
🙏🏾👊🏾BRO YOU ARE SUCH A FOUNDATION OF INFORMATION AND PEACE!!🙌🏾👊🏾🙏🏾 I’M IN THE SAVE PROGRAM AND I’M JUST SITTING AND WAITING AS THIS PLAYS OUT! THANK YOU FOR ENCOURAGING US AND MAY GOD BLESS YOU AND EVERYONE CONNECTED TO YOU!!🙏🏾🙌🏾😇👏🏾☝🏾🎊❤️
for real
Glad to help
The problem with the States suing is that they are in the "student loan" business. Meaning they make money from the interest on student loans. So by reducing to 5% of income, then States can collect less interest.
As Jesse Ventura , said as governor of Minnesota, the government should not be in the business of making money and competition with the private sector . That is communism.
lol the amount of edits on this vdo shows how this process is progressing....lol
Facts
I had several years of IBR from 2006-2018 then I did a consolidation and lost all of my prior years before that consolidation. I had navient and several other companies before it’s with my current Lon servicer. So I had exactly what you are talking about. My worst idea was to do this now my 90,000 loan is almost 141,000 because of interest and capitalized interest. What can I do? Is the Save plan going to help me? I don’t want to lose my length of credit like I did before 2018. Helped I owe a house without the house in my loans.
a lot of people in recovery from default missed this consolidation. a good idea is to form a group or letter to request another extension due to things that happened in july 24
Confused if my loans have been in deferment for over 10 years, what do I do now with navient?
Graduated loans from Grand Canyon university back in 2015
DOE never notified about the Cordova class action lawsuit that closed in 2022.
Filed for BD in 2022.
Just got diagnosed with cancer.
Now thinking about bankruptcy next year.
Should i go back into save plan to get the 1x credit? OR will i still get that credit?
Your videos are incredibly informative 👏
why is my loan in deferment until 2033? I had some forgiveness on the borrower defense. Now my total is at $14K down from $78K.
Probably because you either asked for forbearance or it was assumed you asked for one when you applied for BDR.
What about parent plus loan on IDR?
I consolidated in 2016. Turns out Navient (no longer with them) had me on Extended Repayment Plan for 8 years. Will I not get any PSLF credit for those loans (saying ineligible for PSLF/TEPSLF) for my years as a teacher during that time? ECF changed nothing on PSLF count. Conflicting answers everywhere.
I've already started watching this for the second time because I am not comprehending some important aspects.
First of all, I thought that the deadline had passed in April/May. I had so much pressure on me during that time, I wasn't able to devote time to the waiver at that time, unfortunately, because you seemed to say I needed to download and utilize some kind of tool to research my loans first. Secondly, when you say the loans have to be held by the Dept of Education, does that mean if my loan is with Navient, it's not with the Dept of Ed?? My loans were consolidated years ago for IBR with Navient. Is that a sufficient consolidation? And now Navient has transferred my loans over to another servicer. Is the timing of this a coincidence?? Would it affect this adjustment at all? When you said you can use the One Time Acct Adjustment with these 3 plans, I'm not quite sure what is meant by that. Use the adjustment to enter into those plans or if you're already using those plans?? Anyway, I plan to rewatch for clarity but if I had known the deadline was still running, I may have applied by now.
PS how do I apply? I tried to get the first adjustment for the 10,000 or 20,000 and was on the list until the republicans blocked the help Biden was going to give students. I haven’t heard anything since the loans started accruing interest in October of 2023.
Thank you for any thoughts or advice. This is so important for graduates as well as current and new students.
Thanks for these videos! I’m a little confused by what is/isn’t enjoined by the suits against SAVE: if we have FFEL loans that might have hit 25 years in repayment, can they be forgiven under SAVE or does the injunction mean we should switch to IBR instead?
Good question! We don’t have clarity about whether the order blocked early save forgiveness or 20-25 year forgiveness.
If it were me, I’d probably still go with SAVE, but I can see the argument about why you’d go with IBR.
@@stanleytate Thanks, Stanley!
@@stanleytate As much as I gathered from my research and reading various sources, it only aims to block the early SAVE forgiveness that Biden recently introduced (starting at 10 year). The 20-25 years have been in the books for various IDR plans for a long time now and those would not be affected.
@@ireneolsen9037 -- here's hoping. My grad student loans hit the 25 year repayment point in May 2024! Here's hoping for my ICR/IBR/IDR OG loan forgiveness sooooooon!
Mine was forgiven, but I had to consolidate to a federal direct loan to do it, mine was held by the department of education, because it default, I got on the fresh start program, consolidated and joined save, but that was before the court ruling blocking save.
Thank you for this valuable information. Glad to hear that the one-time account adjustment is still in effect if our loans are held by DOE.
Question: I just discovered my grad school went out of business at the end of May. (Goddard College). Do you think there is any recourse for those of us who took loans out for our grad programs at Goddard?
I'm not sure, but if there's an option for federal loans, you'll get it through the borrower defense to repayment program
@@stanleytate Thank you for your time and sharing this information with me.
I got into PSLF 4 years ago but had student loans since 2010. Will my previous deferment and forbearance credits prior to the start of my PSLF apply to my current PSLF terms?
I consolidated in October 2023 for the IDR waiver and have been in repayment with undergrad and grad for 30 years and still haven’t gotten the notification of forgiveness. OS EVERYONE supposed to receive the notification by Sept 1st?
Is the one time account adjustment written as part of the save program initiative that has now been blocked in full?? Or was it a stand alone policy that is going to still happen?
Depends if your plan was under save or income driven
@stanleytate. I have undergrad and graduate loans that I consolidated. I have been paying for 20 years on undergrad. Will I get the 20 year credit toward my graduate loans?
You should. That’s how the program works.
@@stanleytate WHAT. I graduated from undergrad in 2000 and owed $10k. I now owe $2k. I have been paying since 2000. I graduated from law school in 2007 and owe $100k. I have been in IBR for 10-14 years. You are saying I may get credit for payments made since 2000 toward my law school loans?
@stanleytate i entered college in 1994. Graduated in 1998 undergrad. Went t0 Grad school 2001-2003 graduated grad school. Loans consolidated and im on save plan do you think i have enough time to get my loans forgiven
I was filling out the application for consolidation but the federal student loan website wouldn't let me finish due to the court interventions right around 6/30 and it didn't give me the option to finish until after 6/30 - but now I can go back and finish it - so I won't get the full time in repayment(deferments, etc) credit?
My understanding is that you can consolidate and still get the credit so long as it’s done by September 1.
How does the Chevron decision by the Supreme Court affect student loans? 😢.
It correlates with how aggresive these conservative supreme court judges are reversing all previous court decision, much like the abortion laws. This and how project 2025 states they want to eliminate the Department of Education(unlikely) will affect or eliminate the overall forgiveness programs, including PLSF. Just vote Blue to mitigate this risk
The striking down of Chevron by the Supreme Court limits the ability of federal agencies to enact regulations that should be the responsibility of Congress. In other words, CONGRESS makes laws, not unaccountable bureaucrats within federal agencies.
I had 2 loans from 2012 that were paid by the forgiveness but I had 4 others from 2015 that were not...why didn't they give me until the deadline to consolidate then all would have been paid if I'm thinking correctly????
They gave you the option to opt out of the forgiveness to consolidate before the deadline. The deadline was also moved back a few times to help people like you qualify for total relief. It sucks you didn't fully benefit. But it's awesome you got the relief you did.
@@stanleytate I still had 3 weeks that I could have consolidated but they went ahead and paid the two off early june i still had time to consolidate which i was planning on doing by the deadline but since they paid them off i couldn't.
Its all a scam..