If you consolidate your loans do you lose credit toward forgiveness? My loans are 30-35 years old and still have not been forgiven. Some years were in default and some years in repayment. Many people with more recent loans got forgiven but mine were not.
I believe...they have changed this now... that you won't lose the progress. But if you've been paying 30-35 years... I didn't consolidate all these years, not because of losing the progress, but because I currently am not required to pay and I wanted to be able to direct payments to specific loans. At this point I'm expecting a big tax bill no matter when it's forgiven. But I can't afford to opt out of my IBR due to being on disability. I'd been given incorrect information about disability forgiveness so... I am screwed no matter what it seems.
I very much agree. We did double consolidation with our Parent Plus Loan and the lower monthly payment helps so much. If you are a parent with huge patent plus loan- I recommend you work with this lawyer (Tate) to help you go through this process - it is easier to do this with someone who knows what they are doing. I understand how overwhelming this student loan situation is. Glad this website gives good information
That's what's UP! 🔥 You continue to do God's work with these vids! Great tips for everyone. I'm still holding out hope for my 25+ years IBR forgiveness in the coming weeks. We can do it, y'all! THANK YOU, @stanleytate !
