Some of the most comprehensive data I've found has been on this channel. Thaaank you! Got my loans forgiven and helped my partner who just got a forgiveness email. Trying to pay it forward so having accurate information for these people is critical. Again, appreciate your expertise and keep the great content coming!
I have old loans (back from 1994 is when they originated) and new loans (currently in graduate school). I consolidated my FFEL loans last September to direct loans (because I would have qualified for the forgiveness that was struck down). I am not on SAVE. I was sent a letter from DOE that I may qualify but I have to be on SAVE. Can I just apply my old loans to SAVE to see if they qualify?
My cousin graduated college in 2004. The first 2 /3 years his loans were in deferment (?) Then he got on the income repayment plan. He did consolidate the education and private loans this year. The letter he received said estimated pay off date 2035😮
Never need third party companies to take care of loans. Hardship deferment is crap bc high accumulation of interest. It just delays paying loans off better to 0 payments per month. Loans are a broken systems to benefit the loan servicers not us! These are mistakes I learned after having pay in between jobs or grad school deferment
No. People can borrow loans later in life, so tying forgiveness to age makes little sense. That said, tying forgiveness to the number of years you've had the loans in repayment for can make a lot of sense.
This sucks bc mine never forgiven while working min wage jobs just make payments or while paying over 22 years minus my in school grad deferment only 1-2 years. I should be at 20 year mark of undergrad this year. Loans suck is teach folks pay cash school or pay while in school if you can. Pslf sucks!
