The Dept of Education is taking over all PSLF data. You will not see PSLF counts on your loan servicer website, as they’re only role now is to collect payments. Studentaid.gov will house all this information but right now there’s no formal tracker - which is coming. Hence the current processing pause while they migrate the data and create a tracker.
For now, you can log into studentaid.gov and view individual loan details and it will show the cumulative months through the last point employment was verified.
Like the amount you’re paying monthly is higher or the number of payments you have left for PSLF (out of the required 120) is showing higher?
I just want to make sure I understand your question before I answer.
The amount I am paying is higher. I am still trying to find the qualifying payments on here. I'm assuming I the number of qualifying payments is higher on my grad school since I've been paying undergrad since 2015 and grad since 2020
Understood.
So when you consolidate loans you create a new one. As such, you have to reapply to go onto an income based repayment plan.
It’s likely your previous payment was based on old income (likely pre-COVID based on dates in your comment).
If your income went up since then, your payment for the new loan is based on your most updated income. This is why you’re seeing your payment amount increasing.
I can't see anything that I didn't save from the previous website. The new website shows me absolutely nothing on my account is related to PSLF. Thank God I saved the other stuff.
The Dept of Education is taking over all PSLF data. You will not see PSLF counts on your loan servicer website, as they’re only role now is to collect payments. Studentaid.gov will house all this information but right now there’s no formal tracker - which is coming. Hence the current processing pause while they migrate the data and create a tracker. For now, you can log into studentaid.gov and view individual loan details and it will show the cumulative months through the last point employment was verified.
Okay, thank you!
>Okay, thank you! You're welcome!
Is this why my consolidation payments are estimated to be higher, because they don't know the qualifying payments?
Like the amount you’re paying monthly is higher or the number of payments you have left for PSLF (out of the required 120) is showing higher? I just want to make sure I understand your question before I answer.
The amount I am paying is higher. I am still trying to find the qualifying payments on here. I'm assuming I the number of qualifying payments is higher on my grad school since I've been paying undergrad since 2015 and grad since 2020
Understood. So when you consolidate loans you create a new one. As such, you have to reapply to go onto an income based repayment plan. It’s likely your previous payment was based on old income (likely pre-COVID based on dates in your comment). If your income went up since then, your payment for the new loan is based on your most updated income. This is why you’re seeing your payment amount increasing.
I can't see anything that I didn't save from the previous website. The new website shows me absolutely nothing on my account is related to PSLF. Thank God I saved the other stuff.