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How to Finally Get Your Student Loans Forgiven (2024 Updates)

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Need a clear path through the maze of student loan forgiveness options? In this video, we provide a comprehensive guide to the most talked-about forgiveness programs, including how recent legal developments might impact your eligibility.
Whether you’re just starting out or have been paying for years, find out how you might finally be able to eliminate your student loan debt.
🔗 Helpful links
• Instantly see how close you are to loan forgiveness with our free tool:
• Instantly See How Clos...
• Will the IDR account adjustment lawsuit kill loan forgiveness? Watch this video:
• Will The IDR Account A...
• How the Hardship Forgiveness Program really works:
• How Hardship Student L...
• Subscribe to our newsletter:
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• Need expert guidance from me?
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🎥 Credits
• Hosted by Stanley Tate
• Editing by Helena Santin

Опубликовано:

21 апр 2024

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Комментарии : 248

@michealhart9060 3 месяца назад

I am on PSLF and I am 3 months left. 117 out of 120. Hoping things work out for more people.

@leens4190 3 месяца назад

Congratulations! This is wonderful news.

@valerieevans2036 3 месяца назад

Great! I have 63 more payments to reach 120.😢

@vikkiflaig4735 3 месяца назад

@@valerieevans2036 if you can take your payments divide by 12 and send that much extra in each month. You'll then pay 1 Xtra payment per year and cut years off your loan

@hi-xd8wk 2 месяца назад

🎉🎉🎉

@hawkshot867 13 дней назад

Congrats! I haven't even started my repayments... And I'm realizing how impossible this is looking 😅

@MomsMoneyMindset 3 месяца назад

Great information, likely the best student loan forgiveness video I’ve seen. The problem is that the way student loan plans were supposed to work didn’t always work that way for everyone. My IDR payments went up almost $300 per month when I moved to the SAVE plan. Thankfully, I managed to still pay off my $180,000 in student loan debt withOUT forgiveness. Praying the forgiveness helps people.

@fitmom0609 3 месяца назад

Yeah, my note under SAVE was quoted as being way too much and I will end up paying the loan off before I would even reach the 5 years that I have left for forgiveness because I have grad school loans 😩

@stanleytate 3 месяца назад

That SAVE plan isn't always the best plan for high earners. Sometimes we have to look at the ICR plan.

@brittanyjones1711 3 месяца назад

If I would have changed to the SAVE plan from the standard plan, my monthly payment would have went up $200+ per month. I have also been avoiding these payments for so long by requesting forbearances. I wish I would have never done that. Now, it’s my goal to get $35k paid in 13 months.

@vikkiflaig4735 2 месяца назад

You rock!!

@tarab4617 3 месяца назад

I got a borrower defense approved, it was against Kaplan. The paperwork was a pain in the butt, they make you go into detail for every infraction which in my case was a lot. It took over 3 years to be approved, and another 6-8 months to be processed, but it went through!

@TSBOFRLM 2 месяца назад

Did they forgive all of your loans if you had more, or just Kaplan?

@jasminewashington8567 2 месяца назад

How was the process?

@altonmassson Месяц назад

Thanks for this video... I just got my loans forgiven! I thought I was not eligible because I took out $16,000 in student loans not $12,000 but your video was the first time I heard that you can get forgiveness for higher than $12k if you add a year for each thousand dollars. I've been paying since 2007. I'm so happy!

@drcyntreljaneau 3 месяца назад

I wish I could benefit from loan forgiveness. I completed my doctorate in ‘22. I started repaying my loan this year. I also have Parent Plus loans for my daughter. My daughter is enrolled and does not qualify since she's in school. I started the process for myself, then decided not to proceed, especially after reading reviews on the loan agency the government uses for loan consolidation. All of this is not very clear, and I am in my 50s, so I can imagine what young adults and others are experiencing. It shouldn't be this difficult to understand or process. Only in America! 🤦🏽‍♀️

@michellepalmer924 3 месяца назад

Do the save plan. You can see the results before you submit. It’s the best when I did mine.

@tonyaether1 3 месяца назад

I just want to comment how much I appreciate this content. Your tool along with the videos have helped me to make sense of my options. Honestly there will be a group that these plans will not fit. You must make an informed decision. I appreciate your effort to provide info for us to make an informed decision.

@stanleytate 3 месяца назад

Thank you so much for your kind words! I'm glad the content has been helpful for you.

@wadsbanks7068 3 месяца назад

I have paid off all my student loans and I feel good!!!!

@earnestinewilliams6259 3 месяца назад

Why are you still here looking? Once I finish paying mine off, I don't want to see another video about student loan forgiveness. 😂

@eucadventures7247 3 месяца назад

In order to qualify for the pslf, you must have completed THE EQUIVALENT OF 120 months of eligible monthly payments. Thats 10 years worth of payments. Any way to pay those faster and still qualify?

@TSBOFRLM 2 месяца назад

Your forbearance or deferments count towards your repayment months so you’ll get their faster.

@eucadventures7247 2 месяца назад

@@TSBOFRLM thanks thats helpful!

@SmecaWash 3 месяца назад

Loans for 18 years consolidated in 2012 and was put on the standard repayment plan without any notice of IDR although during that time I was on forebearance or deferred months at a time, finally on IDR as of 2019, consolidated because of this 1 time account adjustment and now my expected date of payoff is 2049!!! When it should be 2031- I’m pissed, I listened to you and so many others say consolidate and now I’ve extended my payoff date by 25 years

@stanleytate 3 месяца назад

You’re pissed now because you don’t understand the benefit you’re getting and are freaking out about what you think is your new payoff date. You’ll change your tune once the adjustment is applied.

@JustAGrl007 3 месяца назад

@@stanleytate that’s what they told me when I called! My loans are extended too, and they told me not to freak out. I’m like I’ve been paying on these loans for close to 20 years. I can’t pay another 20 years. I hope the adjustment really does work.

@JustAGrl007 3 месяца назад

I’m in the same boat and I actually called the federal student loan people about that and they told me not to freak out because of the adjustment. I’m still waiting on the adjustment because I had to move my loans from Navient just to be eligible for it.

@Thatdude-tp7xs 3 месяца назад

@@JustAGrl007that date doesnt matter they make the adjustment in like july only thing it can lower your credit score becsuse now your loan history starts over

@ROTORHEADPR 3 месяца назад

It was all a catch to begin with.. they lost the original copies from the promissory note so legally they can't make you pay for it if you ask for it. Now you consolidate meaning is a new loan.. one they now have your signature for ... got cha bitch!!

@lyssabarsda9548 3 месяца назад

Quick question: When it comes to the SAVE plan, do they go by the overall total taken out or by each loan itself?

@AraP24 3 месяца назад

I'm still confused. All these forgiveness programs were in effect before Biden. So what exactly is Biden doing differently?

@stanleytate 3 месяца назад

Many of them existed, but not with the same flexibility. And definitely not with the ability to get retroactive credit for time in repayment, forbearance, deferment, and so on.

@laquittajones1961 3 месяца назад

I received forgiveness under PSLF for all of my Direct Loans last year; however, I still have FFEL loans in repayment. Would I qualify for PSLF again if I consolidate my remaining loans today? The remaining loans are on the SAVE plan now. I have been out of undergrad since 2005, so I should have almost 19 years in repayment (including deferment and forbearance). Will the IDR count adjustment serve me best? Some people have told me that I cannot apply for PSLF again. Please advise.

@MMapp94 Месяц назад

How does a person benefit from any forgiveness, whether it be 10 or 20 years if their payments are based on income? Just doing the calculations, it looks as if some people would pay off their loans before the forgiveness periods. Am i missing something?

@jennzpd1216 2 месяца назад

Thanks to your advice. I consolidated my loans last month and just received an email that my loans have been paid off!

@lalagardenia6500 Месяц назад

What year did you begin college/university?

@TheJanicetunes 2 месяца назад

Thanks Tate! I applied for the Save program like you said. This month I got my student loans forgiven!!!!!

@stanleytate 2 месяца назад

Wonderful! That's awesome for you!

@lalagardenia6500 Месяц назад

What year did you begin college? Did you also go to graduate school?

@LJ-yl4zy 3 месяца назад

Should someone apply for borrowers defense if they went to one of these schools that closed down? If approved how could it impact the one time count adjustment other than decreasing the balance owed?

@bradyhack2428 3 месяца назад

Absolutely! I applied for it over two years ago. Still waiting on a response.

@TSBOFRLM 2 месяца назад

@@bradyhack2428same and I just applied for IDR and SAVE. My husband applied 3/19/24 and his loans were zeroed in 30 days with no PSLF.

@carolinatxan 3 месяца назад

When you consolidate does it increase what you owe?

@captainkangaroo4301 2 месяца назад

Hopefully they will make the government interest subsidy retroactive. Nearly 2/3 of my student loan debt is interest on my original debt. I originally had $44,000 in student loan debt. I attended one semester of graduate school. I have been in repayment for nearly 22 years without missing a required payment although many of my payments were so small that they never covered any interest due to low income. Today I owe $127,000 because of the accumulation of interest. I know going forward the unpaid interest will be waived as long as I make the required payments on time but if they make this interest forgiveness retroactive it would greatly benefit me and I’m sure many others.

@juliellerousseas1690 3 месяца назад

Also I want to give props on your formatting. I love the repetition of using the same headers and layouts for info so I can easily see "this is to compare to that" from earlier. It's really helpful as I sit and take notes.

@Isaidwhatisaid8701 3 месяца назад

I’m in the save plan 😮 ikr if it’s the right plan 😢

@peterg6638 3 месяца назад

Please do a video on student loans IDR and debt to income ratio.

@helaineshpritz4984 3 месяца назад

Are these programs in danger of being cancelled and then you are stuck with more loans?

@Pulapaws 3 месяца назад

Yes and yes. I did it because it make no difference for me. The payment is the same and interest is the same and the pay off date so I just want ahead and did it. So if it doesn’t go through it makes no difference with me.

@fitmom0609 3 месяца назад

Just out of curiosity, why can’t they lower interest so that everyone is helped?

@stanleytate 3 месяца назад

They need congressional approval to do so.

@fitmom0609 3 месяца назад

@@stanleytategot it! Thanks!

@carolinatxan 3 месяца назад

Because Congress doesn't care about their constituency

@coraturner9383 3 месяца назад

It should automatically be forgiven if you meet the requirements. Where is the data on the ppl that's forgiven. I read it's helping more rich ppl than poor. I don't know anyone who benefited from this.

@andimarquiss7531 3 месяца назад

Thanks for all your information. Can you do a short specifically on loans that were basic, undergrad, commercially held FFEL loans that have been in repaymemt status for 20+years. Consolidate? Apply for federal direct status? Thanks again

@nikkid7631 3 месяца назад

You really need to review Dept of Ed site regarding this as you don’t want to miss this opportunity as it closes on April 30. 🙏🏽 20 plus years of undergrad qualifies for total discharge if you meet the parameters on the Ed site. Please check YT for other videos. Please do not wait until the last minute as their site may crash like it did before for PSLF limited waiver. 🙏🏽 Yes, the adjustment happened to me and others.

@thestalwartkitten 3 месяца назад

I have a FFELP with Navient and just consolidated back to DoE but didn’t select income driven. I’ve been paying for over 25 years, will that just get wiped out?? You probably said it but I’ve got ADHD too! Help a sista out with the cliffs notes version por favor!

@stanleytate 3 месяца назад

It won’t impact your loan forgiveness. But let’s say you get credit for 23 years of payments, forbearance, deferment. That may leave you 2 years short of the forgiveness finish line. In that case, you’d have to make the remaining payments under an IDR plan to get your loans forgiven.

@arghidontknow 2 месяца назад

I'm confused - when I look at the website, I see that all direct unsubsidized loans are eligible for PSLF. Yet, after completing the submission, I get a notice that my loan is ineligble and so far, I have 0 eligble payments. Which one is right?! Is the website simply outdated? It does say that processing is paused as they update their website.

@Jfromthehood100 3 месяца назад

I just recently graduated this past August with my Bachelor’s. That original 20k plan from Biden would have cleared my undergraduate student loan debt. I haven’t made loan payments for 20 years plus since I just recently graduated. These other plans seem to only benefit those who have been paying their loans some time or have been working in public service for a while.

@nishashawn2021 3 месяца назад

That's what's frustrating

@vikkiflaig4735 3 месяца назад

Yes I've noticed that. It's if you've been paying and still not making progress.

@janeaparis Месяц назад

It is kind of sad that I can understand more from You Tube than the organizations that are supposed to help me as a student, understand.

@tmb9126 3 месяца назад

It's really crazy how much it costs to attend college - it's criminal. Let's brake it down - teacher's pay and what else? Why is public school free for 12 years but then all of a sudden, we have to pay thousands of dollars for this other schooling?

@resahayward6062 7 дней назад

Now that my SAVE plan is in forbearance, would it be helpful to try to consolidate my loans until I can get into another IDR plan? I only owe $8500 and have been in repayment for 11 years.

@jdude9002 Месяц назад

I have my loans in ibr for 10 years now, should I switch to the save plan?

@tammyg8659 3 месяца назад

Tate!! First off thank you brother if not for your videos I would have applied for PSLF and got a small portion of my debt forgiven instead of everything!! My question, I know they are gonna discharge my loan once this IDR adjustment is over hopefully the they can do it next week lol, why do I have to pay still instead of forbearance?Blessings

@stanleytate 3 месяца назад

You’re welcome! Glad we could help!

@chupamelpoendisminutivo8961 3 месяца назад

After graduated from DeVry back on 2003, no school validated my degree. Back then the only companies hiring DeVry grads were Foot Locker and Sizzlers(no offence to these companies). Hopefully this new borrowers defense plan goes through.

@so.many.obstacles 3 месяца назад

Did you apply for BDR? I applied in 22 and my loans were discharged last year.

@vikkiflaig4735 3 месяца назад

@@so.many.obstacleswhat's that?

@youngstyles5478 3 месяца назад

The content here is exceptional. Because everywhere else it seems more complicated

@kiyontathorpe6504 2 месяца назад

So if your TPD has been approved, you can work and your loans won’t be reinstated? There is no longer an income monitoring period? . Where can this information be verified because I haven’t been able to find it? Thanks

@alexisguerrero7551 3 месяца назад

I am confused, receiving credit to pay off the loan to forgive is a form of debt, the word credit may need to be further defined.

@mekelaladen4091 3 месяца назад

Ty this has been very helpful & informative

@donnanorris4733 3 месяца назад

My student loan provider recommended I hold off paying on the SAVE plan, wait to find out if interest will be cancelled. Is this a good idea?

@jeffdorst1390 3 месяца назад

How about if you never finished your degree and you have to pay back loans for getting nothing? Can those be forgiven?

@vikkiflaig4735 3 месяца назад

Doubt it. Not finishing is not on them

@gasoven3759 3 месяца назад

Rewarding people who do not honor their financial commitments by taxing the people who do is just WRONG This is Biden's vote buying at its worst.

@iammahalieka 2 месяца назад

WOW very thorough. There's so much. I don't know where to start. It's overwhelming. I feel like it's meant to keep us from trying.

@stanleytate Месяц назад

It’s a lot. You just gotta take it one step at a time or hire someone to put you on the right path.

@lah1743 3 месяца назад

I can't consolidate because there are so many problems with the history of loans. They seem to have had issues with portfolio transfers and have me beginning with 3xs the real original amount. So how do you consolidate when you know the numbers are wrong?

@kaymarieferguson7696 3 месяца назад

I received the loan forgiveness on my undergrad loans but it seems my grad plus loans aren’t eligible.

@TheVir1177 2 дня назад

For a federal student loan called FAFSA, it is a double whammy. It shouldn't be forgiveness. The payment should be in full. You borrow, then you pay or take one class at a time. Nobody forces you to take a loan.

@willconcepcion9859 3 месяца назад

I'm seeing that we will have to pay taxes on the amount of money that is forgiven. So if I have $50k in debt forgiven does that mean I have to pay taxes on $50k

@so.many.obstacles 3 месяца назад

My loans from DeVry were discharged last year and I didn’t pay taxes on it.

@vikkiflaig4735 3 месяца назад

Not sure. Kind of like foreclosure. The erasure of debt is income. But it's a one time thing

@somozamaria Месяц назад

My school closed. Applied to student loan forgiveness. My $35k loan was didcharged!!

@stanleytate Месяц назад

Congrats!

@krout0 3 месяца назад

How do I know which one to apply for? I feel like I could qualify for more than one? is there one location to apply? Can I apply for more than one? This is so confusing. I appreciate your explanation. I think I could qualify for the one that if I owe borrowed less than 12K and it's been over 10 years. but if that doesn't work then probably the save plan and then if that doesn't work the IBR?

@krout0 3 месяца назад

Ok I rewatched this because I am so confused. So the SAVE plan is probably the way to go. . do I need to consolidate first?

@Verycompetent 2 месяца назад

This is more complicated than I expected!

@hienienguyen6766 3 месяца назад

Aww I'm glad that I did try to save plan. I don't like how they explain a lot of what is done for student loan

@fanatiquemusique 3 месяца назад

I have been working at a nonprofit for 8 years. In 2019 i took out student loans and now i owe over $10,000. Can i count the 8 years towards the loan,and apply for PSLF even though repayment only started last year?

@Kimthecatlady 3 месяца назад

What if i am cuurently in school and received the TPD discharge email??

@minoxidilbeardandhairprodu4598 Месяц назад

What about private loan with the u.s. department of education?

@iotanb1772 3 месяца назад

What if your loans are in collections?

@alysciatravis1860 3 месяца назад

Thanks for the video!

@SuperiorBusnDesigns 3 месяца назад

How can I do that for loans in collections already please

@SuperiorBusnDesigns 3 месяца назад

Student loans that is

@stanleytate 3 месяца назад

You should start by looking at your loans to see what kind you have. You can do that on StudentAid.gov. You should also look into the Fresh Start Program or consolidating. You need to get out of default to get your loans forgiven under most porgrams.

@ZoSkiLuv 3 месяца назад

@@stanleytate I heard from one of my friends that when they called on a loan that was defaulted, they told him that any student loan that has been defaulted on can never be forgiven. I'm not sure but I guess that makes sense.

@SaraYasner 3 месяца назад

Thank you so much!! I feel less alone - and more hopeful than I have in years.

@stanleytate 3 месяца назад

You are so welcome!

@deborahvasile6597 2 месяца назад

Is there a plan to help with New Jersey Higher Education loans?

@stanleytate 2 месяца назад

None that I'm aware of. Those are really trick to deal with. We typically end up settling or filing bankruptcy against those.

@UrManeAveTv 3 месяца назад

does enrollment of the save plan require a hard credit inquiry? or a soft pull. I am trying to buy a house soon and i am torn since the 4/31 is the deadline.. I am not sure how enrollment at the end of this month will show on my credit..

@vikkiflaig4735 3 месяца назад

Should help. April 30. There are only 30 days in April

@committedtothejourney2023 3 месяца назад

Do you do consultations?

@deem.9767 3 месяца назад

This information is excellent! I am an HR Manager. How do I get in contact with you about an employee workshop? I would love to offer this to our employee population.

@milori21 3 месяца назад

I applied for 6mos to year. I just received by discharge letter Tpslf in April 2024. Praise the Lord Jesus! 1:21

@GeekMyMind 3 месяца назад

I originally took out $9k in 2009-10, interest after payments and deferments rose to $12k. I was told I qualify for forgiveness and am still waiting after switching to SAVE…which tripled my monthly payment amount.

@Pulapaws 3 месяца назад

You can change you plan if it doesn’t work out for you. It like your regular loans where you can change your plan. If you was on standard you can move it back to standard.

@bethanybleu 3 месяца назад

Thank you so much for the information. I am currently getting my Master’s in Social Work. I am also working full-time for a PSLF nonprofit. Do I have to wait until I graduate to apply for the PSLF or Save programs?

@stanleytate 3 месяца назад

Best practice is to complete a PSLF certification form ever year. For our clients, we submit the form annually when we recertify income and family size.

@angelamoore9733 3 месяца назад

Thank you for making this video, I have went from zero understanding to starting to understand how this works. I think that I probably qualify but I'm likely in default again Biggest factor lost job, husband unexpectedly passed on and it's been a struggle. Student loan took our much needed tax money, ( our 25 yr old car was dying) and after that I haven't been able to fight my way back up.

@carlottalowery50 3 месяца назад

I am on an income based repayment plan. is it part of the save plan?

@stanleytate 3 месяца назад

No. IBR is a type of income driven repayment plan. SAVE is another type of income driven repayment plan. So both IBR and SAVE are income driven plans. But IBR and SAVE aren’t the same thing.

@topaazz 2 месяца назад

@@stanleytatedo we have to be on the SAVE plan to get student loan forgiveness? I am on the IBR plan, as well. Also, I consolidated my undergrad loans and consolidated my grad loans, separately? Should I now consolidate my undergrad loans with my grad loans?

@phild8602 3 месяца назад

Thank you for sharing your knowledge. Since I came across your channel, I've been sharing it with everyone I know. You are truly appreciated, keep up the amazing work!!

@juliellerousseas1690 3 месяца назад

Can't thank you enough for this video. You're a gift! ❤❤❤❤

@stanleytate 3 месяца назад

You’re welcome!

@youngstyles5478 3 месяца назад

Worked at a nonprofit for 22yrs....get my second degree to get a better paying job or move up in the company. Was fired 3 months later and became unemployed for the past 3 yrs

@vikkiflaig4735 3 месяца назад

Sorry to hear . Vote in November.

@bradcruise6291 День назад

Whoever created the public student loan forgiveness program should be taken out of our government because it is the most discriminatory thing they could do. Tons of government jobs are pointless and a waste and give nothing back to society and there are tons of private sector jobs that give way more to society than any government job could ever. It's just not fair and shouldn't be legal to discriminate against people who decide to work for a private company. It's discrimination

@Joseph5394 3 месяца назад

I borrowed about 10 loans during my undergraduate degree that was under 12k before consolidation. Does this count for the 12k forgiveness?

@stanleytate 3 месяца назад

The save plan wipes out your balance after 1O years if you originally borrowed $12k or less.

@Joseph5394 3 месяца назад

@@stanleytate thank you sir for your response. I’m under the save plan and I’ve been paying over 10 years. My loans are still not forgiven. Are they still doing forgiveness for borrowers who borrowed under 12k?

@TheFujiwuji 3 месяца назад

How do I know if my student loans will qualify for BIden's forgiveness plan?? I'm sure there will be some loophole so I won't qualify.

@caryn1158 3 месяца назад

I have a way larger payment for gradschool and less than these examples 😂... it sounds like if you make less money these programs are beneficial... definitely tempted to not commute and take a salary and tax cut😅

@BrillsTV 3 месяца назад

Can you apply for PSLF if you get a part time job at salvation army?

@stanleytate 3 месяца назад

Must be 30hrs a week on average.

@willconcepcion9859 3 месяца назад

I could use a 1 on 1 but @ $200 is too much. $100 I'd do.

@stanleytate 3 месяца назад

Some say it's not enough. They'd pay more.

@gladysbracero939 2 месяца назад

Hi l have parent plus lisns and one for undergrad. I started to paid since l believe 2010 l worker as. Register Nurse for nearly 20 years in the Veterans Administration in the states. MOne of my son's join the army amd they made him paid 20 grant since the loans where borrowed from the government. Dally Mae ne er deducted that amount of the loans. I questioned them and they told ny son and myself that he borrowed which he was 18 years old. I have retired and l am in the IDP which l consolation to Great Lakes which now was sold to Nelnet. How can l get forgiveness for the amont of $202 plus when l am 71 years old. When l have ti many debts is it possible?. I could never afford to paid it off unless l died. Please belp me understand this situation. Thank you

@stanleytate 2 месяца назад

Thanks for leaving a comment. It's really hard to understand your situation as written. I'd have to look at the loans to know what your options are today. You can book a call with us for 1:1 help, or you can check out our articles on our website.

@gladysbracero939 2 месяца назад

@@stanleytate good morning can you send me your phone number to called you thanks

@TungTLe11 3 месяца назад

I’m on Nelnet with over $22K in debt left. Do I need to do anything to prepare myself for Biden Student Loan Forgiveness?

@atrain132 3 месяца назад

The only step you need to do is pay it off.

@oscarcetraro3057 3 месяца назад

Thank you for helping so many Americans

@stanleytate 3 месяца назад

I'm grateful for the opportunity to make a positive impact!

@joemac5864 3 месяца назад

Im currently in the PSLF program with a little over $6k in direct loans. I worked for the post office for a little over 8 years. Would you recommend I apply for the SAVE program?

@stanleytate 3 месяца назад

Can’t say with seeing your loans. But SAVE and public service forgiveness aren’t the same thing. They both can lead to loan forgiveness but they’re two different programs.

@joemac5864 3 месяца назад

@@stanleytate yeah I know. I might need to just have you look at it. How do I go about doing so?

@barrydoster233 2 месяца назад

So, on the IDF plan you have to wait 25 years?

@YakDiezel 2 месяца назад

not only did i not understand the cost, but it turns out the school was not accredited! how can i get out of this trap??

@growden100 3 месяца назад

I’m 62, my school loans are over 25 yrs, in IDR, I’ve inquired several times but not way out for me.

@SmecaWash 3 месяца назад

GOD bless you this can be so stressful and honestly I hope you get forgiveness immediately over 25 years and still with loans is ridiculous, I’m 18 years and consolidated which showed it restarted my loan and added an additional 25 years so I’m just praying this count adjusts for all of us and we can be closer to forgiveness or completely done

@meggrotte4760 2 месяца назад

I understand I moved to asia twenty years ago after I graduated I was worried that I wouldn't be able to pay my loans off Add forty five I still have19900. God willing.I'll be able to pay it off in fourteen months. If I don't pay it off then I have to reconsolidate the loans. I signed up for the save plan and hoping that it would help me to at least have time But honestly I want to pay it off as soon as possible.

@oscarcetraro3057 3 месяца назад

Please find a way to help a our student American citizen that can not pay the crazy loan that took them When they didn’t know the consecuenses

@blossomingbutterfly8955 3 месяца назад

Where does one go to apply please ?

@stanleytate 3 месяца назад

StudentAid.gov. It's a big site. But all the information is there. We also have tons of videos that go over the different programs. And there are a bunch of free resources scattered across the internet that can help as well.

@youngstyles5478 3 месяца назад

With inflation...and high interest rates....the extra which is appreciated will allow you a chance to buy less, and get less while paying more

@mellochello77 3 месяца назад

Illegal immigrants is allowed to have all kind of money but we can’t get our loans forgiven.

@user-tm5em4vu7u 2 месяца назад

Do you know the difference between “is” and “are?” When it’s plural the correct word is “are.” Basic elementary level English. If you don’t even know those simple words, then you shouldn’t not even have graduated middle school. Let alone attend college. 😂

@heatherbradley5030 3 месяца назад

It’s not just non profit…please be clear for when discussing qualified employment for PSLF.

@victorvictor8453 3 месяца назад

Has anyone who’s had loans under 20 years and NOT in public service actually seen their loans forgiving? I have had my loans in repayment since 2006 (18 years) and have yet to hear anyone having their loans forgiven under 20 years and working in the public sector /non-profit.

@stanleytate 3 месяца назад

Yes. Through SAVE plan forgiveness. But that only works if you borrowed less than $21k.

@meggrotte4760 2 месяца назад

Means of course I qualify for nothing. I have 19900. I only signed up for the safe program.So I could reconsolidate my loans.So I have a little more time to pay them off. They wanted my money in fourteen months. I said if I didn't pay it all off.I'd have to refinance my loans What I don't Understand is how in 2004.My loans were consolidated before I left school. Gal , my most recent loan agency is telling me that they were never consolidated. I've been on. The income driven repayment program 7 years I think Nobody will tell me anything. I think I understand why people run away from their loans Not like I want to , but i'm starting to lose patience It's been twenty years since I graduated

@deadshallows8587 3 месяца назад

I want a rebate for paying mine off.

@vikkiflaig4735 3 месяца назад

Same

@africadoll7547 2 месяца назад

They paid all mines off! Whew who! 60k

@stanleytate 2 месяца назад

Congratulations!

@Cheezwizzie 3 месяца назад

I just got notified yesterday my balance was cleared. It says credit bureaus will be notified by then end of the month

@hi-xd8wk 2 месяца назад

Congratulations 🎉🎉🎉👍🏾

@cwilliams7017 3 месяца назад

I know i can't be the only person who consolidated their loans with an ex. He's now pretty wealthy, so I can't use anything income driven. And one of the conditions of the consolidation was no service forgiveness, so my 23 years of teaching doesn't qualify for anything. Im afraid to even try to reverse the consolidation because im afraid the result will count as a new loan. And I can't get into the website or get any further information because it's under his social security number even though the debt shows up on my credit report and the divorce court over 20 years ago said I was solely responsible for payment. I don't know what to do.

@vikkiflaig4735 3 месяца назад

Tax attorney. It's your debt and ss number so it's under your name. Divorce agreements and consolidate are not relevant since they don't apply to federal loans. That is a personal civil matter.

@cwilliams7017 3 месяца назад

@vikkiflaig4735 sorry, but you just pulled that out of your rear. Consolidation was federal and it's not my ss. I could go on.

@garydobbins6622 3 месяца назад

I owe weigh more in interest than the loans I took out. I’m in default and could give a s:;!t at this point. Haven’t got a Federal tax return in 30 years and taking my return paid off these loans several times over. 🤬

@atrain132 3 месяца назад

30+ years, and you haven't paid it off? LMAO. That sounds fake. If not, that's over three decades, ( while student loans back then weren't that expensive ) of tax returns, stimulus packages, a 3-year forbearance with zero interest, ext. That means you're either making it up, you never made a payment, or were making bare minimal payments and stopped.

@MrCampb3LL 3 месяца назад

God sent me!!

@rromero5693 2 месяца назад

You signed the contract!

@vikkiflaig4735 3 месяца назад

Oh please. Boo hoo You signed a paper . Then covid hit. Trauma of debt. Grow the heck up. It's unconstitutional to force your debt onto others. How about getting credit to pay off debt by working in underserved area of country...or some other incentivse OR LOWER TUITION PRICES I have old and new student loan debt and I don't want anyone footing the bill for me. The diploma is in my name. My debt. Have some pride and make the effort.

@ronaldreagan-ik6hz Месяц назад

exactly. thats why i dont vote for democrats anymore. all they do is sell victimhood for votes.

@atrain132 3 месяца назад

The best way to handle student loan forgiveness, is to be a responsible adult, and pay it back.

@stanleytate 3 месяца назад

I agree with you: people should pay their loans. I've also met plenty of "responsible adults" who can't "out-responsible" bad policies and terrible customer service that tacked on tens of thousands of interest to their balances, making it nearly impossible to pay the loans back. We need a better system. Forgiveness isn't a perfect solution. But it's a start at reconciling with the hell we've brought.

@atrain132 3 месяца назад

@@stanleytate i hear you, but tacking on thousands of interest also comes in hand with not making payments, or making minimal payments. When it comes to something as big as student loans, they already know interest is going to be involved on a large amount. It's up to them to put everything they have towards paying that off asap, and minimalizing interest. Especially within the last 3 years there's been plenty of stimulus checks, a few years of forbearance with no penalties or interest, ect.

@vikkiflaig4735 3 месяца назад

@stanleytate how did bad customer service tack on thousands?

@vikkiflaig4735 3 месяца назад

You're right there were several ways to make it work. Or pay something anything. To me it's the same as cheating on an exam. Do the work. Take the test. You're actions determine your future

@enchantingescapestravelage7257 3 месяца назад

Why are there no class action law suits regarding the predatory lending practices of Parent Plus Loans?? I was not even employed when they loaned me thousands of dollars to put my son through school.

@denniswright807 10 дней назад

No loans payed by the tax payer .

@janicesmith8946 3 месяца назад

Pay your debt. You are the one that took the loan so pay it! It's not others responsibility to pay your debt!

@michaelschiotis2426 3 месяца назад

It's not forgiveness of debt it's reassigning of debt. If your degree doesn't provide the value for you to pay it off it certainly does not for taxpayers to pay it off. This is disgusting. Pay your debts people. Or get the colleges to give the money back.

@vikkiflaig4735 3 месяца назад

Good point