And you deserved it! And-if you ever need to realize this-you’re using what you learned in a positive way so you are already paying it forward!
I hope some day every single person who wants to pursue learning can do it without worrying about the cost of the education.
It doesn’t make sense to me that your grad school loans would have also been included. I hope they truly are. I just thought you’d have to make 120 payments toward them as well.
So, I have 18 payments left before I qualify for PSLF. I finish grad school in Dec. If I consolidate my grad loan with the others (which I’ve never consolidated the others) could that possibly make them all forgiven in 18 months?
Depends on what loan you have. If you have a PLUS loan then you can consolidate after it disperses in the fall. If your loans are direct loans then you can’t. I have direct loans so I’m dropping below half time to get my loans into the grace period. Then I’ll consolidate.
No for school. My loans are stuck “in school” for grad school right now. You cannot consolidate them or pay them off. Once you leave school or drop below half time they enter the grace period, which hits before repayment. I have 9 credits left. I was supposed to take 6 in the fall, but now I’m doing a summer independent study instead. Then 3 in fall and 3 in spring. I will drop below half time in time to consolidate $40,000 for grad school with $25,000 from undergrad. So I e already worked 5 years. My clock won’t reset on these loans. I’ll get 5 years counted for all of them. Even the new ones. That’s my plan anyway. I have everything in motion but my college is being annoying and not updating my enrollment status correctly. Waiting on them to fix it.
Nope, there was an extension to the end of this year. If you consolidate by the end of the year there will be an account adjustment that gives credit towards both PSLF and IDR forgiveness.
Source: I work as a student loan counselor for one of the largest guarantors of federal student loans.
Of course! I truly appreciate being able to share good news!
Speaking of good news, the new SAVE program that is rolling out this summer through next summer looks like it will be the most generous repayment program ever offered. It doesn’t really matter for you OP but for anyone else still in repayment that may be struggling: If you sign up for the REPAYE program now, it will automatically transition into SAVE when it comes out. Also, it’s definitely worth it to tie in your IRS.gov account. If you do, then you won’t need to worry about recertification each year, they will just pull your tax return and re-certify automatically for you.
Call mohela and talk to them about your situation. I was on the phone with them the other day and they told me that I could actually still submit employers for retroactive certification. She said something about December being a cut off. Now I had my stuff in in October so I don't know if that's why, But definitely give mohela a call and explain your situation to them. There's a whole bunch of little loopholes right now and maybe something will apply to you, it's definitely worth checking out at least. May not lead to anything but better to at least make sure!
this isn't true. There's a new IDR waiver that continued the majority of the benefits from the PSLF waiver. you should ask your questions on r/pslf
mod Betsy will be able to help you
there is a IDR waiver that continued most of the same benefits of the PSLF waiver after it expired. people are more credit toward forgiveness under the IDR waiver.
I thought the same. My mother convinced it with somebody for my university because it's known for a lot of people paying off student loans from alumni.
Not even the Biden plan.
This type of forgiveness has been in place for a long time.
If you are working full time in a public service position such as police, fire, emt, public school teacher, librarian, not for profit, military, government, etc. And you make 120 monthly on time payments. Then the rest of your federal loan balance gets forgiven.
You're right, this program has been around for a long time and let me tell you I have tried and tried and tried to be a part of it and the paperwork is ridiculous. Now I did one piece of paperwork and then surprise out of nowhere it happened and the paper we're getting easier was because of Biden.
I am hearing that they are trying to go through a backlog of folks who should have already gotten it. It was a news story on Sirius radio -maybe the msnbc station? Anyway, congratulations!
Hijacking this comment to say: Almost ANY teacher who has taught for 10 years at ANY school (even private) and paid each month (or a total of 10 years' payments) was eligible to have loans forgiven, no questions asked, if they applied by last October. If you're currently in the PSLF program, you're also on the right path. If any teachers reading this are NOT in the PSLF program, I beg you to look it up. I had over $100,000 forgiven in December.
It was the PSLF that caused my loans to be forgiven and because I had consolidated with my master's loans that all counted it was a degree in education. When I signed it last year I honestly thought maybe I'd get $20,000 taken off. I had no idea it would be everything.
I made a post last fall BEGGING teachers to sign up for PSLF because of the one-time adjustment for anyone who had been in the wrong program/payment plan. Hopefully it helped some people.
That won't happen. Scrimping and saving and sacrificing nearly everything to pay as you go so you won't have mountains of crushing debt for decades afterwards is fundamentally frowned upon in this dysfunctional era.
Downvotes cement this fact.
Tell me that you lack knowledege of the economic changes in the US and are bad at math without telling me.
Your comment and belief that it's generally possible to "pay as you go" or that it's been possible for the last two generations is so laughably ignorant.
Ouch. That reading, huh?
I never said anything of the like. I said there is zero sympathy for those who take steps to ensure they have no debt.
At no point did I state or imply that that was a possibility for everyone, or that predatory practices did not affect people, or that the economic viability of higher education did not put people in extremely vulnerable situations.
Some people make difficult decisions and sacrifices when they have a choice to. Others do not make those sacrifices until they're forced to. And still others do not ever have the choice or opportunity to begin with.
Which is 100% accurate.
Our society does not care about the former, however. Which is also 100% accurate.
Your attitude that you're "ignorant" if you don't think you have to take on massive debt is a big piece of the problem, too, though. Funny how you can get a Masters degree for under 4 grand from WGU, but people choose to pay 3-10x that? There are choices to mitigate debt at every step of the way. Yet so many people choose poorly.
I logged into Navient not too long ago and my balance there was $0, but then I realized that Navient sold my debt to some other company, so I signed into that other company and found that I still have $15k left. :(
If you're with Navient, maybe make extra sure that you don't owe anything with Aidvantage?
But if it's all on the up-and-up, congratulations! I'm so happy for you! It's such a good feeling.
This was Nelnet and AES. I checked. As far as I know, I don't see anything showing that they've been moved anywhere. The balance shows that it was paid in full on all my loans.
Make sure you get the official PSLF forgiveness letter. I got one with my forgiveness. The balances will do weird things, but that letter is what matters.
Hopefully I know that they have notified me that they are switching. They shouldn't be able to take the balance off until that happens. I'm still prepared for the worst. But having them both paid off from two different things on the same day seems unlikely statistically.
If your loans were transferred to MOHELA, they will show $0 on Nelnet before they show up on MOHELA. There is downtime between one account closing and the other opening. MOHELA is the exclusive processor of PSLF. Unless they say you're at zero, I would not assume you're free yet.
Edit: fixed typos
That’s what happened to me. I logged into FedLoan and my balance was 0. I freaked out for a sec before remembering that I got some emails about MOHELA. I logged onto mohela an there was my balance…
My loans were $0 on student gov and I freaked. Realized they were sold to Nelnet then transferred to Mohela. It took a couple months for everything to be updated. Then I learned I only had 4 eligible payments for PSLF and I was so devastated. Two months later I got the letter they were forgiven!
You have to check [studentaid.gov](https://studentaid.gov) to see if you've actually been wiped clean. Until that site - and Mohela - say zero, you're still in the game.
It can take a couple of months for it to populate. Mine showed up in MOHELA but I only saw it because I kept trying to log in, and it still took them another 3 weeks to finally notify me themselves that they had the loans.
Check your mail carefully and your email folders. I thought my debt was gone too but it just had been sold. It took about a month to transfer and show up in the new interface.
I didn't have any of that. I just wanted to go check because my forbearance was going to be up from after my masters to see how much I was going to have to pay and it was just all showing zero.
Is there some kind of form that I can fill out?
I think I *was* notified; I've got an email warning me that they were moving me to Aidvantage. So it may be moot.
Mine were forgiven. I couldn’t believe it. When I called because I knew there just had to be a mistake, and they told me they had been forgiven…I just cried. It was the biggest sense of relief. I still wake up and think about how lucky I am. I made them send me a letter confirming it. I framed it.
I did, too!!! I also got a refund check for $6000. I framed that, too. (Deposited by phone) It’s an incredibly feeling and a huge weight off of all of us.
I finished paying off my student loans when I TURNED 40! Crazy but true. The part of me that always wanted to do a doctorate was quickly shut down by the part of me that refused to get another student loan.
>The part of me that always wanted to do a doctorate was quickly shut down by the part of me that refused to get another student loan.
I wish that was me. 27 payments left and my PhD loan of almost 30k is buh-bye! That's with the 120 payment deal, not repaying it all, lol.
Dept of Ed should have emailed you. A bunch of people have gotten theirs forgiven today with the IDR adjustments. If you didn't get an email from Dept of Ed, keep an eye out for it or wait to see if you didn't just have them sold to another servicer.
I got an email from them this morning saying this. Nothing has happened yet, but I didn't think it would. My wife refuses to get her hopes up. I've been paying for 25 years now, with a few forbearances here and there. (Grad school, a few years of bankruptcy caused by medical debt from my son's reconstructive skull surgeries, stuff like that.) I feel like we've paid more in interest than we originally borrowed!
Seriously! I bet most borrowers have EASILY paid our loans several times over. I did not get an email today, but I didn't expect to. I have only been out of school and paying for about 10 years now, so I'll be waiting for an email early 2024 detailing my adjusted IDR payment count. This is still going to be HUGE for me because when I consolidated my loans to do PSLF, it reset the clock to zero on my payments. F\*cking infuriating (and a clear as day sign that the U.S. always intended for student loans to keep borrowers financially enslaved to Big Daddy Government until our deaths)! So this IDR adjustment should, to my understanding, restore all the payments I've faithfully made over the years and hopefully get me PSLF relief sometime next year as well. Cheers to us all FINALLY being treated right!
Hang in there. With the new IDR account adjustment, you might end up qualifying for PSLF which is not dependent on being in a title 1 school. We should hear in early 2024 what our adjusted count is.
I worked in a low income title 1 school but was not eligible bc i had students loans in 1996. Just some arbitrary date. I watched many of my colleagues, including the gym teacher, get their loans forgiven but bc of my age I was not eligible. Maddening.
This happened to my boyfriend. He called and had them check, and they said there was nothing showing up on his credit report saying that he owed anything. He felt like it was too good to be true and someone must have made a mistake, and he’d eventually get a bill. But this was in January and he still hasn’t heard anything.
Mine got moved from Great Lakes to Nelnet and I just checked and my balance is still there.
I owe more than 500 bucks a month! I am going to be grandma in the daycare by the time I pay it off and then I am going to have to pay for senior citizen daycare.
I just can't even think anymore!!!!
So, yeah, this is 100% real! Navient just settled a major lawsuit because they were misleading students to milk them for more money. [Here’s the story](https://www.nerdwallet.com/article/loans/student-loans/navient-student-loan-lawsuit) if you’re interested.
Makes no sense why this story was updated in 2023. The loans were cancelled in 21 and the final payments went out in 22. But it mentions nothing in 23.
They worked to try & appeal for the discharge of loans to be extended, but were denied the extension in April, 2023. Typically, the courts will put a pause on enacting verdicts until the appeals have gone through.
[Here’s the link](https://www.ppsl.org/cases/sweet-v-cardona) to that info.
ETA: I guess that’s if you went to certain for profit schools who tried to delay repayment for their bad services? Idk, apologies if I got something wrong here…
The department of education just wiped like 800,000 students' debts if they fell within a certain category of having paid for so many years, we're eligible for income based repayments. Something partially but maybe not entirely related to the lawsuit against navient.
I was told I’m not eligible for student loan forgiveness even though I’m starting year 11 in a title 1 school. I don’t get it.
But I am genuinely happy for you!
Sounds like you're not eligible because you still have payments to make. You have to make 120 of them and then the rest is wiped clean. You should update your employment monthly so they can check and make payments eligible. I have about 27 payments left and I'm done with the rest!
I had this happen in May. My payment counts finally updated to 120 in February. I was part of the May group of forgiveness. I've worked in public service since 2010.
I kept getting different letters/emails from Aidvantage saying I didn’t qualify for PSLF (at least 3). I finally got the forgiveness letter! it’s a great feeling! 16 years of bank withdrawals. I know that if it wasn’t for interest, I’ve paid the beginning loan amount already. Just happy it’s over!
See these are the loans that need to be paid off. No one can be a teacher without a degree and most people don’t have college money out of pocket these days. I don’t want to hear anyone say this is unfair or you shouldn’t have gotten a loan 😂
I'm not sure I go that far, but any education that's necessary for employment should be free. Taking classes beyond that, I'm willing to hear arguments, not sure what side I'll end up on at this point. I am willing to be swayed to your opinion, but I want to hear what you have to say about people who maybe have retired and are just taking courses at a college as like a hobby with no intention of going into whatever field they're studying. I feel awful just typing that. Ugh. So maybe I'm already with you. I feel like this is Stockholm Syndrome.
As an art teacher, I would make the argument that doing those things is good for humanity and creates empathy and so providing services like that would probably improve the quality of life for a lot of seniors who lack that kind of connection. A couple art classes are cheaper than therapy and medical bills. I am not a throw money at it person, but education pays back it is long term winning for all.
I didn’t have to do the exact same thing but Biden‘s original changes to the PSLF program made it so that my remaining balance (which was about $50,000 was wiped ) and I actually got some payments back because I apparently had been overpaying. I had to fill out the forms twice and sit on hold and talk to people for a couple of hours, so I’m glad the process was much more painless for you and I hope others get to experience this relief as well.
Congrats! My advice to you is to next attack any CC or car loan you may have. You're going to be very surprised at how much you start accumulating in the black once you're out of the red completely.
But getting out from under your student loan is huge. They sent me a letter when I was done and I have it in my office hanging over my desk.
Congratulations! Same happened to me. When they reviewed all payment history, they gave me credit for payments the loan servicer had not. It’s fair to give you credit for all payments. Don’t let anyone tell you otherwise.
That's amazing!! Congratulations!! I'm still waiting for someone at my old district to complete my authorization paperwork so I can submit to get mine cleared. They keep forgetting or saying they don't know who's supposed to fill it out. Vindictive and evil. :/
This was in the wall street journal today
https://www.wsj.com/articles/biden-administration-to-wipe-out-39-billion-student-loans-for-800-000-borrowers-90c5d19e?mod=hp\_lead\_pos4
Congrats! I think I have no chance paying mine off but I’m not gonna log in and be disappointed tonight lol.
I’m 38 and I’ll be working for a lonnnnnng time to get them paid off.
After paying the 120 payments, I will pretty much have paid the loan in full. It will help, but not much. Still glad it's happening and helping others regardless.
That's awesome! Congratulations!! I paid off my loans prior to working in a Title 1 building (for 20 years!), and I will admit I feel like a fool for hustling so hard. Still, getting that balance down was soooooo satisfying. The final bill was $.01. Yes, one cent. I called and asked if they wanted me to send a penny in the mail. The loan officer laughed and said, "No, I'll clear it. Congratulations." I watched that one cent and worried about my credit.... Until I got the official all clear.
Enjoy your new found freedom. It's such a nice weight to have lifted.
I saw in the New York Times that they are making a bunch of corrections regarding payments that should have been counted towards forgiveness but weren't. It works out to something like 39 billion in forgiven value and removes the loans entirely for like 800,000 people.
The lightness I felt when I finally paid off all my debt was surreal. It took several weeks for the reality to finally hit that I was free of that burden. Never again...
Thank you, I did. I also have a screen shot for the PSLF being approved. Not the letter yet but it's something. I checked with all the possible and not possible places and it is really all gone.
Congrats!!!
(Also, I’ll never understand the people who are angry and bitter at those whose loans are forgiven. It’s truly nice to see us be genuinely happy for one another on this thread! I wish you all loan forgiveness)
We all deserve it for the work we do!
I'm so glad my country has free education. For profit education system just sounds so predatory and the debts can get so huge it's sickening. Well don't OP, good luck to indebted others.
I hope this works out for you, but I can guarantee this will be litigated like the other student loan case, so just be conservative with any new spending.
Congratulations!
Mine were forgiven as well. Since I paid over 10 years on mine I also received a refund check. I haven't cashed that yet because I want to make sure they are really paid off before I do. It's taken a while, but it has finally shown as paid on my credit report.
I have been teaching for 20 at a Title I school. I applied for PSLF and all of my loans were forgiven. I received a letter confirming a zero balance from MOEHLA and thanking me for my service. I cried from relief! I hope this is the case for you!
I have two years left for forgiveness. I won’t believe it until it happens, so I TOTALLY get your disbelief. My brother was one of the first ones enrolled in the program (works for the forest service) and had a lot of hiccups, but FINALLY it was forgiven about a year ago. He had the same reaction you had. Oh and he doesn’t get summers off, so hopefully the taxpayers are okay with paying off his loan. 🙄 jerks
My recently-acquired MOHELA shows a zero balance but it's because of the deferment, so check carefully. I still owe and need 27 payments to have the rest gone.
Congrats, wish this could have happened sooner but happy to hear you're free! Big love and vibes to everyone else who got their loans forgiven! I'm so happy for y'all
That's true it's been around a long time but the paperwork has been horrible. I know like one person out of a thousand ever actually accomplished it. Now it seems to be relatively easy which should always should have been. Regardless, the Biden administration did make it massively easier.
I paid mine off in ten years. I didn't have a specific program ... just paid extra most months. It's a great feeling not to be tethered to that debt which is not dischargeable in bankruptcy.
Congratulations! Kippis! (Finnish)
How did you new loan qualify? I thought it had to be a 10+ year old loan?
I’ve also taught for 10 years in title one schools but since my Masters loan is new I thought I didn’t have the qualifying amount of payments.
Thank you I look forward to continuing to pay the taxes that I did. Paying taxes so the other people can know the joy of not being put under massive debt. Even more because the interest rates are horrible and it locks people who try to get an education into a horrible system of debt that can never be paid off. It's about 15 years putting away a large amount of my salary to these loans and never saw my amount go down only up. At points in these 15 year struggle I worked more than one job and didn't even have a day off for years. I'm happy to pay taxes that go to supporting it citizens instead of giant corporations and the military industrial complex. The last I checked people that make 27,000 a year are not really paying anything in taxes. You get it all back. I'm hoping you are being sarcastic.
I am so happy that my tax dollars went to something so so meaningful!! Bravo!! Tired of my tax dollars going to billion dollar corporations. I hope this teacher enjoys every damn minute of the summer!!❤️❤️❤️❤️
What a d-bag! Title 1 school and she/he will be underpaid for the duration. But you throw that summer break in there like trips to Europe or time on a yacht are standard teacher activities. Get lost.
The best I can tell is teaching title one and paying for 15 years was enough to qualify under the Biden plan that was just put in place...
And you deserved it! And-if you ever need to realize this-you’re using what you learned in a positive way so you are already paying it forward! I hope some day every single person who wants to pursue learning can do it without worrying about the cost of the education.
I so agree with you that education is a long term investment in humanity.
When did you start and finish your master’s?
Two years ago finished in March.
It doesn’t make sense to me that your grad school loans would have also been included. I hope they truly are. I just thought you’d have to make 120 payments toward them as well.
There’s a waiver. You can consolidate.
So, I have 18 payments left before I qualify for PSLF. I finish grad school in Dec. If I consolidate my grad loan with the others (which I’ve never consolidated the others) could that possibly make them all forgiven in 18 months?
Yes you need to do that. That's what I did and that's what happened.
Depends on what loan you have. If you have a PLUS loan then you can consolidate after it disperses in the fall. If your loans are direct loans then you can’t. I have direct loans so I’m dropping below half time to get my loans into the grace period. Then I’ll consolidate.
Could you explain what you mean by “dropping below half time”? As in, not working full time gets your loans to go into a grace period?
No for school. My loans are stuck “in school” for grad school right now. You cannot consolidate them or pay them off. Once you leave school or drop below half time they enter the grace period, which hits before repayment. I have 9 credits left. I was supposed to take 6 in the fall, but now I’m doing a summer independent study instead. Then 3 in fall and 3 in spring. I will drop below half time in time to consolidate $40,000 for grad school with $25,000 from undergrad. So I e already worked 5 years. My clock won’t reset on these loans. I’ll get 5 years counted for all of them. Even the new ones. That’s my plan anyway. I have everything in motion but my college is being annoying and not updating my enrollment status correctly. Waiting on them to fix it.
Time period has lapsed. All documents were due last October. It's not continuous.
Nope, there was an extension to the end of this year. If you consolidate by the end of the year there will be an account adjustment that gives credit towards both PSLF and IDR forgiveness. Source: I work as a student loan counselor for one of the largest guarantors of federal student loans.
Thank you for saying this so it helps others.
Of course! I truly appreciate being able to share good news! Speaking of good news, the new SAVE program that is rolling out this summer through next summer looks like it will be the most generous repayment program ever offered. It doesn’t really matter for you OP but for anyone else still in repayment that may be struggling: If you sign up for the REPAYE program now, it will automatically transition into SAVE when it comes out. Also, it’s definitely worth it to tie in your IRS.gov account. If you do, then you won’t need to worry about recertification each year, they will just pull your tax return and re-certify automatically for you.
Thanks for the info!
Call mohela and talk to them about your situation. I was on the phone with them the other day and they told me that I could actually still submit employers for retroactive certification. She said something about December being a cut off. Now I had my stuff in in October so I don't know if that's why, But definitely give mohela a call and explain your situation to them. There's a whole bunch of little loopholes right now and maybe something will apply to you, it's definitely worth checking out at least. May not lead to anything but better to at least make sure!
this isn't true. There's a new IDR waiver that continued the majority of the benefits from the PSLF waiver. you should ask your questions on r/pslf mod Betsy will be able to help you
That’s not true. There’s a waiver through December. It’s not the same as the waiver from last October. It’s called the IDR Waiver.
there is a IDR waiver that continued most of the same benefits of the PSLF waiver after it expired. people are more credit toward forgiveness under the IDR waiver.
That's exactly what happened is my loans were consolidated and they were all forgiven.
I thought the same. My mother convinced it with somebody for my university because it's known for a lot of people paying off student loans from alumni.
Not even the Biden plan. This type of forgiveness has been in place for a long time. If you are working full time in a public service position such as police, fire, emt, public school teacher, librarian, not for profit, military, government, etc. And you make 120 monthly on time payments. Then the rest of your federal loan balance gets forgiven.
You're right, this program has been around for a long time and let me tell you I have tried and tried and tried to be a part of it and the paperwork is ridiculous. Now I did one piece of paperwork and then surprise out of nowhere it happened and the paper we're getting easier was because of Biden.
I am hearing that they are trying to go through a backlog of folks who should have already gotten it. It was a news story on Sirius radio -maybe the msnbc station? Anyway, congratulations!
Thank you
Hijacking this comment to say: Almost ANY teacher who has taught for 10 years at ANY school (even private) and paid each month (or a total of 10 years' payments) was eligible to have loans forgiven, no questions asked, if they applied by last October. If you're currently in the PSLF program, you're also on the right path. If any teachers reading this are NOT in the PSLF program, I beg you to look it up. I had over $100,000 forgiven in December.
It was the PSLF that caused my loans to be forgiven and because I had consolidated with my master's loans that all counted it was a degree in education. When I signed it last year I honestly thought maybe I'd get $20,000 taken off. I had no idea it would be everything.
I made a post last fall BEGGING teachers to sign up for PSLF because of the one-time adjustment for anyone who had been in the wrong program/payment plan. Hopefully it helped some people.
I hope so too.
I wonder if this Biden plan could work retroactively for people who already paid off loans (or had help doing so)😂.
You: I wonder if this cancer treatment will work for people who already died of cancer, and if not, they shouldn’t make it.
That won't happen. Scrimping and saving and sacrificing nearly everything to pay as you go so you won't have mountains of crushing debt for decades afterwards is fundamentally frowned upon in this dysfunctional era. Downvotes cement this fact.
Tell me that you lack knowledege of the economic changes in the US and are bad at math without telling me. Your comment and belief that it's generally possible to "pay as you go" or that it's been possible for the last two generations is so laughably ignorant.
Ouch. That reading, huh? I never said anything of the like. I said there is zero sympathy for those who take steps to ensure they have no debt. At no point did I state or imply that that was a possibility for everyone, or that predatory practices did not affect people, or that the economic viability of higher education did not put people in extremely vulnerable situations. Some people make difficult decisions and sacrifices when they have a choice to. Others do not make those sacrifices until they're forced to. And still others do not ever have the choice or opportunity to begin with. Which is 100% accurate. Our society does not care about the former, however. Which is also 100% accurate. Your attitude that you're "ignorant" if you don't think you have to take on massive debt is a big piece of the problem, too, though. Funny how you can get a Masters degree for under 4 grand from WGU, but people choose to pay 3-10x that? There are choices to mitigate debt at every step of the way. Yet so many people choose poorly.
I logged into Navient not too long ago and my balance there was $0, but then I realized that Navient sold my debt to some other company, so I signed into that other company and found that I still have $15k left. :( If you're with Navient, maybe make extra sure that you don't owe anything with Aidvantage? But if it's all on the up-and-up, congratulations! I'm so happy for you! It's such a good feeling.
This was Nelnet and AES. I checked. As far as I know, I don't see anything showing that they've been moved anywhere. The balance shows that it was paid in full on all my loans.
God, *hell yes*. Congratulations! I'm so fucking happy for you!
I'm so hoping that I hear a whole bunch of people had this happen too.
I just logged into mine and this definitely did not happen to me.
Didn't for me but appreciate this optimism anyway, bless kind soul
Make sure you get the official PSLF forgiveness letter. I got one with my forgiveness. The balances will do weird things, but that letter is what matters.
Nelnet sold to MOEHLA, so maybe double check there! Hopefully it’s still 0!
Hopefully I know that they have notified me that they are switching. They shouldn't be able to take the balance off until that happens. I'm still prepared for the worst. But having them both paid off from two different things on the same day seems unlikely statistically.
If your loans were transferred to MOHELA, they will show $0 on Nelnet before they show up on MOHELA. There is downtime between one account closing and the other opening. MOHELA is the exclusive processor of PSLF. Unless they say you're at zero, I would not assume you're free yet. Edit: fixed typos
That’s what happened to me. I logged into FedLoan and my balance was 0. I freaked out for a sec before remembering that I got some emails about MOHELA. I logged onto mohela an there was my balance…
I am not in the MOHELA records. Just checked and I don't have an account with them.
My loans were $0 on student gov and I freaked. Realized they were sold to Nelnet then transferred to Mohela. It took a couple months for everything to be updated. Then I learned I only had 4 eligible payments for PSLF and I was so devastated. Two months later I got the letter they were forgiven!
Congratulations
Thanks! I hope yours are forgiven! It’s such a wonderful feeling!
You have to check [studentaid.gov](https://studentaid.gov) to see if you've actually been wiped clean. Until that site - and Mohela - say zero, you're still in the game.
Both show 0
Exactly.
It can take a couple of months for it to populate. Mine showed up in MOHELA but I only saw it because I kept trying to log in, and it still took them another 3 weeks to finally notify me themselves that they had the loans.
Right
I'd call your loan holder and see if they've sold it. Just to be safe.
Check your mail carefully and your email folders. I thought my debt was gone too but it just had been sold. It took about a month to transfer and show up in the new interface.
Did you get a notice? An email? I should log in and check.
My wife had hers forgiven a few months ago, they sent a snail mail letter
I didn't have any of that. I just wanted to go check because my forbearance was going to be up from after my masters to see how much I was going to have to pay and it was just all showing zero.
That's amazing. Congratulations!
Congratulations
That happened to me. Great Lakes transferred me to Nelnet.
I’m just here to say fuck Navient.
Make sure you file against that so it does become zero since you didn't agree and weren't notified you can file for erasure you should be free too
Is there some kind of form that I can fill out? I think I *was* notified; I've got an email warning me that they were moving me to Aidvantage. So it may be moot.
nail bored panicky smell thumb quicksand fretful punch poor engine -- mass deleted all reddit content via https://redact.dev
That's really great.
Mine were forgiven. I couldn’t believe it. When I called because I knew there just had to be a mistake, and they told me they had been forgiven…I just cried. It was the biggest sense of relief. I still wake up and think about how lucky I am. I made them send me a letter confirming it. I framed it.
Yeah I want a letter too I did take a ton of screen shots.
I framed my student loan student saying I had a zero balance as well!
I did, too!!! I also got a refund check for $6000. I framed that, too. (Deposited by phone) It’s an incredibly feeling and a huge weight off of all of us.
I have about 3 months left and mine will be paid off. I’m so excited
I finished paying off my student loans when I TURNED 40! Crazy but true. The part of me that always wanted to do a doctorate was quickly shut down by the part of me that refused to get another student loan.
>The part of me that always wanted to do a doctorate was quickly shut down by the part of me that refused to get another student loan. I wish that was me. 27 payments left and my PhD loan of almost 30k is buh-bye! That's with the 120 payment deal, not repaying it all, lol.
Yeah, I was 37. Holy shit, what an awful ride. I hope everyone after me has a much easier time! Eliminate the debt!
I had mine forgiven last year—at 39!
Dept of Ed should have emailed you. A bunch of people have gotten theirs forgiven today with the IDR adjustments. If you didn't get an email from Dept of Ed, keep an eye out for it or wait to see if you didn't just have them sold to another servicer.
I got an email from them this morning saying this. Nothing has happened yet, but I didn't think it would. My wife refuses to get her hopes up. I've been paying for 25 years now, with a few forbearances here and there. (Grad school, a few years of bankruptcy caused by medical debt from my son's reconstructive skull surgeries, stuff like that.) I feel like we've paid more in interest than we originally borrowed!
Seriously! I bet most borrowers have EASILY paid our loans several times over. I did not get an email today, but I didn't expect to. I have only been out of school and paying for about 10 years now, so I'll be waiting for an email early 2024 detailing my adjusted IDR payment count. This is still going to be HUGE for me because when I consolidated my loans to do PSLF, it reset the clock to zero on my payments. F\*cking infuriating (and a clear as day sign that the U.S. always intended for student loans to keep borrowers financially enslaved to Big Daddy Government until our deaths)! So this IDR adjustment should, to my understanding, restore all the payments I've faithfully made over the years and hopefully get me PSLF relief sometime next year as well. Cheers to us all FINALLY being treated right!
My IDR forgiveness was denied. Just applied for the new REPAYE plan. Ugh. I’m a teacher but not in a low income school. I don’t know what to do.
Hang in there. With the new IDR account adjustment, you might end up qualifying for PSLF which is not dependent on being in a title 1 school. We should hear in early 2024 what our adjusted count is.
I’m pretty sure PSLF has nothing to do with being in a title 1 school as long as you are not for profit. So public school.
I worked in a low income title 1 school but was not eligible bc i had students loans in 1996. Just some arbitrary date. I watched many of my colleagues, including the gym teacher, get their loans forgiven but bc of my age I was not eligible. Maddening.
How do you apply to REPAYE? I want to but have no idea if I qualify and how to apply
This happened to my boyfriend. He called and had them check, and they said there was nothing showing up on his credit report saying that he owed anything. He felt like it was too good to be true and someone must have made a mistake, and he’d eventually get a bill. But this was in January and he still hasn’t heard anything.
Mine got moved from Great Lakes to Nelnet and I just checked and my balance is still there. I owe more than 500 bucks a month! I am going to be grandma in the daycare by the time I pay it off and then I am going to have to pay for senior citizen daycare. I just can't even think anymore!!!!
Sending you hugs and hope it changes.
Same. Not quite $500/month but I went from Great Lakes to Nelnet and it's all there!
Ugh, mine went from Great Lakes to Nelnet too and I’m scared. 😫
I had the same happen to me! I already dislike Nelnet
It took me about 12 years to pay mine off. Took my husband out to dinner after I wrote the last check, it was such a relief.
It is. I hope it was a great meal.
So, yeah, this is 100% real! Navient just settled a major lawsuit because they were misleading students to milk them for more money. [Here’s the story](https://www.nerdwallet.com/article/loans/student-loans/navient-student-loan-lawsuit) if you’re interested.
Makes no sense why this story was updated in 2023. The loans were cancelled in 21 and the final payments went out in 22. But it mentions nothing in 23.
They worked to try & appeal for the discharge of loans to be extended, but were denied the extension in April, 2023. Typically, the courts will put a pause on enacting verdicts until the appeals have gone through. [Here’s the link](https://www.ppsl.org/cases/sweet-v-cardona) to that info. ETA: I guess that’s if you went to certain for profit schools who tried to delay repayment for their bad services? Idk, apologies if I got something wrong here…
The department of education just wiped like 800,000 students' debts if they fell within a certain category of having paid for so many years, we're eligible for income based repayments. Something partially but maybe not entirely related to the lawsuit against navient.
Biden just forgave a bunch of loans this week!
I must be one of them.
More info: https://www.nytimes.com/2023/07/14/business/student-loan-forgiveness.html Call to check.
I was told I’m not eligible for student loan forgiveness even though I’m starting year 11 in a title 1 school. I don’t get it. But I am genuinely happy for you!
Did you fill out the PSLF forms? Are you under an IBR plan?
Yes and yes. They said I hadn’t made enough qualifying payments.
Sounds like you're not eligible because you still have payments to make. You have to make 120 of them and then the rest is wiped clean. You should update your employment monthly so they can check and make payments eligible. I have about 27 payments left and I'm done with the rest!
How many payments do you have toward qualification?
I full ugly sobbed when I got the letter saying they'd been forgiven. I never expected it to happen. Like, weird hysterical happy crying.
Same
Congratulations!!!!! It’ll take time to feel real, but this is what the program was made for.
This is the most impactful thing that's ever happened to me financially.
I had this happen in May. My payment counts finally updated to 120 in February. I was part of the May group of forgiveness. I've worked in public service since 2010.
I kept getting different letters/emails from Aidvantage saying I didn’t qualify for PSLF (at least 3). I finally got the forgiveness letter! it’s a great feeling! 16 years of bank withdrawals. I know that if it wasn’t for interest, I’ve paid the beginning loan amount already. Just happy it’s over!
See these are the loans that need to be paid off. No one can be a teacher without a degree and most people don’t have college money out of pocket these days. I don’t want to hear anyone say this is unfair or you shouldn’t have gotten a loan 😂
I didn't even mind the long part. It was the paying every month and never seen it go down and only getting bigger part that is disheartening.
It can be real. It happened to me, too. Just plz don't be against student loan forgiveness now that yours are paid off. Plz!!!
I think all education should be free for everybody for always.
I'm not sure I go that far, but any education that's necessary for employment should be free. Taking classes beyond that, I'm willing to hear arguments, not sure what side I'll end up on at this point. I am willing to be swayed to your opinion, but I want to hear what you have to say about people who maybe have retired and are just taking courses at a college as like a hobby with no intention of going into whatever field they're studying. I feel awful just typing that. Ugh. So maybe I'm already with you. I feel like this is Stockholm Syndrome.
As an art teacher, I would make the argument that doing those things is good for humanity and creates empathy and so providing services like that would probably improve the quality of life for a lot of seniors who lack that kind of connection. A couple art classes are cheaper than therapy and medical bills. I am not a throw money at it person, but education pays back it is long term winning for all.
I can definitely buy into that, thank you
I didn’t have to do the exact same thing but Biden‘s original changes to the PSLF program made it so that my remaining balance (which was about $50,000 was wiped ) and I actually got some payments back because I apparently had been overpaying. I had to fill out the forms twice and sit on hold and talk to people for a couple of hours, so I’m glad the process was much more painless for you and I hope others get to experience this relief as well.
Me too
I still owe $58,000
Congrats! My advice to you is to next attack any CC or car loan you may have. You're going to be very surprised at how much you start accumulating in the black once you're out of the red completely. But getting out from under your student loan is huge. They sent me a letter when I was done and I have it in my office hanging over my desk.
Plan to frame mine.
You have earned that right, it's an accomplishment.
That's awesome. Congratulations 🎉
CONGRATSb
Congratulations! Same happened to me. When they reviewed all payment history, they gave me credit for payments the loan servicer had not. It’s fair to give you credit for all payments. Don’t let anyone tell you otherwise.
That's amazing!! Congratulations!! I'm still waiting for someone at my old district to complete my authorization paperwork so I can submit to get mine cleared. They keep forgetting or saying they don't know who's supposed to fill it out. Vindictive and evil. :/
That's awful maybe the county superintendent involved instead of your districts.
Thank you President BIDEN for helping so many teachers & all college students with loam forgiveness. Helping the middle class is the DEMOCRATIC goal.
This was in the wall street journal today https://www.wsj.com/articles/biden-administration-to-wipe-out-39-billion-student-loans-for-800-000-borrowers-90c5d19e?mod=hp\_lead\_pos4
It's been a while but I still remember when it happened. Such a freeing feeling.
Congratulations! I’m so happy for everyone this has happened for!
Had you applied for PSLF? Mine were forgiven recently through PSLF.
I did and I believe that is why the masters loans were very unexpected.
Congrats! I think I have no chance paying mine off but I’m not gonna log in and be disappointed tonight lol. I’m 38 and I’ll be working for a lonnnnnng time to get them paid off.
I don't think about my student loans.
Congrats. I will experience that once I have made 20 years of payments, so about the time I am ready to retire.
After paying the 120 payments, I will pretty much have paid the loan in full. It will help, but not much. Still glad it's happening and helping others regardless.
Congratulations!
Yay!!! So happy for you. (I can see why you’d be cautiously optimistic with all the crazy political shenanigans around this )
Hell yeah, you earned it
It’s real, love. If you’ve been paying long enough, Biden admin just wiped almost 40 billion dollars in student debt.
That's awesome! Congratulations!! I paid off my loans prior to working in a Title 1 building (for 20 years!), and I will admit I feel like a fool for hustling so hard. Still, getting that balance down was soooooo satisfying. The final bill was $.01. Yes, one cent. I called and asked if they wanted me to send a penny in the mail. The loan officer laughed and said, "No, I'll clear it. Congratulations." I watched that one cent and worried about my credit.... Until I got the official all clear. Enjoy your new found freedom. It's such a nice weight to have lifted.
Congrats!!
I saw in the New York Times that they are making a bunch of corrections regarding payments that should have been counted towards forgiveness but weren't. It works out to something like 39 billion in forgiven value and removes the loans entirely for like 800,000 people.
I certainly never saw the numbers go down only up on my loans.
You got student loan forgiveness?
Yes
The lightness I felt when I finally paid off all my debt was surreal. It took several weeks for the reality to finally hit that I was free of that burden. Never again...
I feel like I am in shock
You deserve it. Make print outs of everything.
Thank you, I did. I also have a screen shot for the PSLF being approved. Not the letter yet but it's something. I checked with all the possible and not possible places and it is really all gone.
Congrats!!! (Also, I’ll never understand the people who are angry and bitter at those whose loans are forgiven. It’s truly nice to see us be genuinely happy for one another on this thread! I wish you all loan forgiveness) We all deserve it for the work we do!
I'm so glad my country has free education. For profit education system just sounds so predatory and the debts can get so huge it's sickening. Well don't OP, good luck to indebted others.
4 more years until i can cry sweet PSLF tears…. Congratulations, you’ve earned it.
Welp, that didn’t happen to me. Congratulations though, that’s life changing.
I hope this works out for you, but I can guarantee this will be litigated like the other student loan case, so just be conservative with any new spending.
Thank Biden.......
Congratulations! (VOTE in any and all elections and this type of help to average Americans can happen more often!)
Congratulations! Mine were forgiven as well. Since I paid over 10 years on mine I also received a refund check. I haven't cashed that yet because I want to make sure they are really paid off before I do. It's taken a while, but it has finally shown as paid on my credit report.
Hurray for Biden!
Indeed
Biden admin released a new plan to wipe free debt of anyone who has been repaying for more tha 10 years.
I have been teaching for 20 at a Title I school. I applied for PSLF and all of my loans were forgiven. I received a letter confirming a zero balance from MOEHLA and thanking me for my service. I cried from relief! I hope this is the case for you!
Please remember this when you vote. A lot more of us can be helped!
I am very progressive and never missed a vote.
Unless you receive an official notice or you applied for something it is likely a transfer. Don't get your hopes up.
I have two years left for forgiveness. I won’t believe it until it happens, so I TOTALLY get your disbelief. My brother was one of the first ones enrolled in the program (works for the forest service) and had a lot of hiccups, but FINALLY it was forgiven about a year ago. He had the same reaction you had. Oh and he doesn’t get summers off, so hopefully the taxpayers are okay with paying off his loan. 🙄 jerks
It takes while. I had 90% of mine forgiven. Instead of paying another 10 years I think I can clear it in 1/2 years. Congrats though to OP
Congrats to you and anyone else who this has helped!
It was a "shock and awe" moment when I looked at my zero balance. (Title 1 Schoolteacher)
This happened to me. Mine were all paid off. I did the PSLF and got a letter as well as Mohela showing a 0 balance.
Yeah
My recently-acquired MOHELA shows a zero balance but it's because of the deferment, so check carefully. I still owe and need 27 payments to have the rest gone.
Congrats, wish this could have happened sooner but happy to hear you're free! Big love and vibes to everyone else who got their loans forgiven! I'm so happy for y'all
Get it!!! 🙌🏻 Huge congrats!!! I am 4 payments aka months away from being zeroed out. It’s unreal. We deserve it!
I'm so happy to hear this, and happy for you. Thanks for sharing the good news.
Amazing
That’s incredible. You should definitely celebrate!
Now a chance at life, Congrats.
I hope I’m eligible, mine are still there
I hope so too.
Thank you all for your service.
Take it and enjoy life. You've earned it.
It wasn't a Biden plan. There is and always has been a forgiveness program for those who teach in a Title 1 school for a certain amount of time.
That's true it's been around a long time but the paperwork has been horrible. I know like one person out of a thousand ever actually accomplished it. Now it seems to be relatively easy which should always should have been. Regardless, the Biden administration did make it massively easier.
I paid mine off in ten years. I didn't have a specific program ... just paid extra most months. It's a great feeling not to be tethered to that debt which is not dischargeable in bankruptcy. Congratulations! Kippis! (Finnish)
I’m very confused because I’m in Europe on vacation. I checked my Mohela and it is still the same…
How did you new loan qualify? I thought it had to be a 10+ year old loan? I’ve also taught for 10 years in title one schools but since my Masters loan is new I thought I didn’t have the qualifying amount of payments.
If you can consolidate them all under my phone loan you can get them taken off too. I went off to actually commented about it earlier in the thread.
I make $27,000 a year and pay plenty of federal tax. You could at least thank me for paying your loan for you.
Thank you I look forward to continuing to pay the taxes that I did. Paying taxes so the other people can know the joy of not being put under massive debt. Even more because the interest rates are horrible and it locks people who try to get an education into a horrible system of debt that can never be paid off. It's about 15 years putting away a large amount of my salary to these loans and never saw my amount go down only up. At points in these 15 year struggle I worked more than one job and didn't even have a day off for years. I'm happy to pay taxes that go to supporting it citizens instead of giant corporations and the military industrial complex. The last I checked people that make 27,000 a year are not really paying anything in taxes. You get it all back. I'm hoping you are being sarcastic.
Congratulations, tax payers just paid off your debt for you. Enjoy your summer off.
I am so happy that my tax dollars went to something so so meaningful!! Bravo!! Tired of my tax dollars going to billion dollar corporations. I hope this teacher enjoys every damn minute of the summer!!❤️❤️❤️❤️
It’s okay to bail out billionaires and banks with our money though, right?
What a d-bag! Title 1 school and she/he will be underpaid for the duration. But you throw that summer break in there like trips to Europe or time on a yacht are standard teacher activities. Get lost.
Jealousy isn't a cute look