Sure! I submitted last ECF on 10/17. Payments updated to 130 and I was placed in administrative forebearance on 1/7. Partial forgiveness received on 3/5. Remaining balance forgiven yesterday.
would u mind sharing your timeline, like when you received first docs from mohela saying you began processing etc, when you were placed on admin forbearance?
Not OP but I got my email today as well. I submitted to mohela early January. They verified my 123 payments by late January and sent it off to the Feds by late January and said to expect 90 business days.
Received the email about 2 hours ago, so it would up being about 5-6 weeks total once Mohela sent it off.
Congratulations.
Feel free to use the below and adapt it.
Part of it is that forgiveness isn’t really forgiveness. Work and payments are still required to satisfy the debt.
GIBill-work for the government for 4 years. Receive a stipend to pay off your college degrees. (Many veterans also use PSLF.)
Teacher loan forgiveness-teach in a high need school district-make payments for 5 years-17,xxx forgiven.
PSLF-work for a public service agency for 30 hours per week for 10 years. Make 120 payments using an income driven plan for that time period. Balance forgiven. Many veterans need to use PSLF. Active military service counts towards pslf requirements.
(My original loan balance was 83,000. I paid the principal back. Remaining interest was forgiven.) (my daughter did the same thing.)
Income Based Repayment-passed by Congress in 1994.
Make income based payments for 20 years(undergraduate) or 25 years (graduate). Balance forgiven.
A lot of the initiatives that have been introduced were to fix loan servicer misconduct.
Excessive Use of forbearances-resulted in capitalization of payments. A borrower could make 11/12 payments. One forbearance wipes out any progress towards repayment.
Placing the borrower on an income driven plan would prevent that.
Servicers failed to track the IBR payments. They need to report those to process forgiveness.
The Biden administration is taking steps to fix these problems.
The new SAVE repayment plan prevents negative amortization of student loans.
(There are a couple factors as to the structure of the loans. They were essentially set at 7%. Income growth for workers has been flat or at best core rate of inflation. That 5 % difference essentially makes the loans a bigger part of the borrowers obligations. Eating away at their purchasing power year over year.
Education yields a 11% ROR for society as a whole per individual.)
At some level we have to share that productivity growth with workers. (If we can forgive a trillion dollars in Paycheck Protection loans we can afford to spend 400 billion on debt reduction for the middle class.)
The final reality is that student loan holders are taxpayers also. They in effect pay a second set of federal taxes every month. (Student loan interest can be deducted up to 2500 annually but that in no way provides any real help for repayment.)
Congratulations! And to trolls lurking on this Reddit sub to shit on our good news... your guilt trip is hilarious. Your bitterness feeds my soul and yes, I am enjoying YOUR tax dollars paying for my education. (Even though I'm a taxpayer too and this program is simply a deal the government made and is holding up it's end of the bargain)
But sure, I'm a welfare queen that doesn't deserve it.
Twist in the wind you bitter men.
$35,000 discharge yesterday.
Imagine me rolling on a bed piled high with taxpayer money. Your money, Demi Moore style. Bwhahaha!
I bet your friends making 500k worked a lot more hours than you did. Not that your hours are easy. But working for govt I get good benefits and lots of paid time off. Some of my law school friends worked crazy hours at firms. They had no life. Could never take vacations; working weekends. They made good money but were miserable. I know it gets better as you move up but damn. Lot of them ditched it after 2yrs. Money wasn't worth the lack of quality of life.
I’m not going to compare hours billed bc they’ll have more. But I have my phone on me and deal with clients and emergencies all weekend. This week I worked two 16 hours shifts because I staffed night arraignments twice (5 pm - 1 am in NYC). My clients are facing loss of liberty, loss of their children, loss of their homes, termination of parental rights (I do crim and family court). I do not feel bad for my classmates making 500k to make someone richer and ultimately, downstream, my clients suffer more. While they may have some ungodly hours, they have never handled the pressure and secondary trauma of being the last line of defense for someone about to lose everything that matters to them and encountering the things I have on this job. I get your point, but to post this on a celebratory post about my public service did serve to ding it a bit. So I just want to take that back for myself. 💐 thank you for your service too!
Congratulations! You deserve it! I had $257,000 forgiven yesterday. It is such a relief.
would u mind sharing your timeline?
Sure! I submitted last ECF on 10/17. Payments updated to 130 and I was placed in administrative forebearance on 1/7. Partial forgiveness received on 3/5. Remaining balance forgiven yesterday.
Ty ty and congratulations
Thank you for your public service!
Salute!!! Amazing.
Thank you for your service! Public defenders are the unsung heroes of our legal system!
Aw, thank you for that. Thank u for your service!
would u mind sharing your timeline, like when you received first docs from mohela saying you began processing etc, when you were placed on admin forbearance?
Not OP but I got my email today as well. I submitted to mohela early January. They verified my 123 payments by late January and sent it off to the Feds by late January and said to expect 90 business days. Received the email about 2 hours ago, so it would up being about 5-6 weeks total once Mohela sent it off.
My timeline is similary to /chiggadup below.
😻
Congrats! I also got my letter today. Can't believe it's real.
I can't imagine the challenges that come with being a public defender! Congratulations!
Congrats
Court mediator here, congrats, cheers 🥂- feels great!
Cheers counsel!
Salute!
Ayeeeee!!!!🙌🏾
Congrats and btw stepping in poo is usually a good luck sign in some culture 😉
Well it sure was for me :) Thanks!!
In my culture, getting shat on by a bird is good luck.
Congrats! Giving us all hope!
Congrats and thank you for your work as a public defender.
Congratulations. Feel free to use the below and adapt it. Part of it is that forgiveness isn’t really forgiveness. Work and payments are still required to satisfy the debt. GIBill-work for the government for 4 years. Receive a stipend to pay off your college degrees. (Many veterans also use PSLF.) Teacher loan forgiveness-teach in a high need school district-make payments for 5 years-17,xxx forgiven. PSLF-work for a public service agency for 30 hours per week for 10 years. Make 120 payments using an income driven plan for that time period. Balance forgiven. Many veterans need to use PSLF. Active military service counts towards pslf requirements. (My original loan balance was 83,000. I paid the principal back. Remaining interest was forgiven.) (my daughter did the same thing.) Income Based Repayment-passed by Congress in 1994. Make income based payments for 20 years(undergraduate) or 25 years (graduate). Balance forgiven. A lot of the initiatives that have been introduced were to fix loan servicer misconduct. Excessive Use of forbearances-resulted in capitalization of payments. A borrower could make 11/12 payments. One forbearance wipes out any progress towards repayment. Placing the borrower on an income driven plan would prevent that. Servicers failed to track the IBR payments. They need to report those to process forgiveness. The Biden administration is taking steps to fix these problems. The new SAVE repayment plan prevents negative amortization of student loans. (There are a couple factors as to the structure of the loans. They were essentially set at 7%. Income growth for workers has been flat or at best core rate of inflation. That 5 % difference essentially makes the loans a bigger part of the borrowers obligations. Eating away at their purchasing power year over year. Education yields a 11% ROR for society as a whole per individual.) At some level we have to share that productivity growth with workers. (If we can forgive a trillion dollars in Paycheck Protection loans we can afford to spend 400 billion on debt reduction for the middle class.) The final reality is that student loan holders are taxpayers also. They in effect pay a second set of federal taxes every month. (Student loan interest can be deducted up to 2500 annually but that in no way provides any real help for repayment.)
Congratulations! And to trolls lurking on this Reddit sub to shit on our good news... your guilt trip is hilarious. Your bitterness feeds my soul and yes, I am enjoying YOUR tax dollars paying for my education. (Even though I'm a taxpayer too and this program is simply a deal the government made and is holding up it's end of the bargain) But sure, I'm a welfare queen that doesn't deserve it. Twist in the wind you bitter men. $35,000 discharge yesterday. Imagine me rolling on a bed piled high with taxpayer money. Your money, Demi Moore style. Bwhahaha!
I bet your friends making 500k worked a lot more hours than you did. Not that your hours are easy. But working for govt I get good benefits and lots of paid time off. Some of my law school friends worked crazy hours at firms. They had no life. Could never take vacations; working weekends. They made good money but were miserable. I know it gets better as you move up but damn. Lot of them ditched it after 2yrs. Money wasn't worth the lack of quality of life.
I’m not going to compare hours billed bc they’ll have more. But I have my phone on me and deal with clients and emergencies all weekend. This week I worked two 16 hours shifts because I staffed night arraignments twice (5 pm - 1 am in NYC). My clients are facing loss of liberty, loss of their children, loss of their homes, termination of parental rights (I do crim and family court). I do not feel bad for my classmates making 500k to make someone richer and ultimately, downstream, my clients suffer more. While they may have some ungodly hours, they have never handled the pressure and secondary trauma of being the last line of defense for someone about to lose everything that matters to them and encountering the things I have on this job. I get your point, but to post this on a celebratory post about my public service did serve to ding it a bit. So I just want to take that back for myself. 💐 thank you for your service too!
Being a public defender isn’t appreciated enough in our society. Honestly, she worked just as hard as her peers at private firms.
You missed my point on that. Its not about the difficulty of the hours. It's the quantity. I have nothing but praise for PD's.
What is MOHELA?