Still Waiting for Student Loan Forgiveness? June 2024 UPDATE 

Paying the loans in my opinion is not my issues the amount of interest these companies are able to attach to the original loan is my issue as well as the the cost of living in increase and typically your income does not. Just give me the option to choose how much I can afford to pay.

My loans were approved for the one-time forgiveness but halted when all the lawsuits started. Very frustrating.

I consolidated in 2010. I have been on IBR since 2011 and my first loan entered into repayment in 1989 yet I still haven’t received an email saying I have been given any type of adjustment.

I been paying on my student loan for 30 years can't I get the rest forgiven

First, I would like to say thanks for giving us the information you provide and for keeping us up to date. That said, in my situation, I paid off my loans early last year after the Supreme Court decision. The loans were for the Art Institute . What I am trying to figure out is when and if they are going to refund my money. I have not received an email informing me of anything. I'm just curious to know if you have any info on that. Thank you.

I started to consolidate, but backed out. I don't have that much to pay back. The reason I backed out is the deadline was April 30th; then, during the process, I found out that Biden changed the deadline to June 30th,2024. This is the 3rd time he has given a deadline. After giving it a considerable amount of thought, and learning that if I consolidated my loans, the interest balance will be compounded on the remaining balance, is what helped me make my decision. Also, if I consolidate the loans, the present interest rate of over 7% will stay the same. If the interest goes down to say, 2%, then I'm basically screwed. I might regret it, but I feel confident in my decision. I don''t believe Biden's gonna forgive anymore loans. The last I looked, there were at least 17 States against forgiveness. They are still debating it. I urge everyone to keep track of the news, before making a quick decision. Once you consolidate the loans, there is no going back. Best wishes to everyone.

I’ve been in deferment /forbearance for over a decade - it’s SO impossible to find info on qualifying for forgiveness ? Tips ?

I was told that since I paid off my loan during forbearance for AI Arts Institute in 2021 ..it was before the ruling in 2023 and the Borrowers Defense approval letter I received stating a forthcoming refund is useles info. I will not get back one penny. Very disheartening for responsible people who paid off the loan and although we all know we were taken advantage of we are still not going to get any refund so no recourse for us...Good Luck guys....I still hope you get your refunds even if I wont be receiving one. Sure could use the money right now 😔

I got it about 2 weeks ago!!

I’m 72 years old and have a Parent Plus student loan. Is there any way I can get rid of that loan?

Has there been information or updates around time-frames in regards to processing reconsolidatation applications? I submitted mine at the end of April and it just says it is being reviewed. I understand that with a higher volume of applications there may be longer processing times, but, like many, I am just wanting to be sure everything is moving along as it should.

I got the golden email saying all of my loans were magically forgiven because i went to the art institute... Only one out of my 7 loans was actually forgiven. Its been months and still waiitng to hear when everything will actually be forgiven.

What about this art institute forgiveness thing where does that fall in the plan?

Great post Stan, my Adversary Proceeding is "in process" with Dept. of Ed!

My loans are gone, done bye.

What about the borrower’s defense? I got Art Institute forgiveness without applying. I received the email notice May 1st. I pray that those loans are actually discharged before January 2025. I also applied for Direct Loan Consolidation for my FFELP and the application is. under review

Can you talk about consolidating your loans after you have paid on your loan and how reconsolidation will affect your credit score and the interest rates are much higher now then previous.

Curious to hear about the Federal court blocking student loan forgiveness/repayment that recently is putting people in limbo?

I got the email that I was approved for the Art Institutes loan discharge, but nothing has happened on the studentaid dashboard yet?

My son because of his medical issues he didn’t apply for student lone forgiveness can he apply now on July ?

If we got an email stating that the parent plus loan was forgiven but now we're being billed does that mean they are not going to pay it? It's under my Dad but I'm paying for it.

The interest must be very high now for loans. I took mine out twenty years. I start paying again in July. If I calculated it correctly, I could have it paid off in two years. What's the current student interest rate. I took out many. I only have two left. Each loan is 3.75% I have 19900 left. I mean, I know if you're living in. California, the cost of living sucks I had to. Go somewhere else to be able to pay my loans. I don't have credit cards Are there any americans living in america and they're able to live well? I'm really wondering. I moved overseas. I can pay my loans. I'll never have lots of money, but I'll never be homeless. I just don't know if it's happening.

Informative information, thank you. I think thiS is the 1st time I have Seen your video.

What if interested caused my loan to be much more than I originally took out, but I have lowered the balance so now it's doesn't look like I owe more than the original loan amount. Will they still look into that and still forgive that extra interest or not since it no since I've paid it down?

@stanleytate If I’m in “admin forbearance” and have reached 127 qualifying payments, is there anything left to do? Submitted forms to employers in Q1 which bumped my QPs. But transfer to Student Aid gov says my IDR payments restart in August. So confusing!! 😣

One reason not to consolidate is in 1994 interest rates where .85 percent if you had it electronically withdrawn. Now they are higher why would you consolidate low rates into higher ones

Wish I would have found this channel before the June 30th deadline for consolidation.

My was ruled to be done by the courts due to going to ITT Tech scandal. Still waiting was forced into forbearance

Is it worth it, the save plan I haven’t done anything since all this mess going on with the lawsuit. I feel like filling it the application. What would I do?

Can I make an appointment (and pay for it of course) to discuss my situation?

I've seen some conflicting information. Does anyone know if you can still use the double consolidation loophole to lower Plus loan payments under SAVE?

I think the problem is the interest , the inflate the amount is the dont want to forgiveness the loan unless put 0 percent of interest to people paid more faster the loans.

This has been very helpful! Thank you!

The problem if the SAVE plan is thrown out is because the SAVE plan pays your interest.

Look i understand people are upset about people getting loan forgiveness. We are not getting our loans erased, most of the programs eliminate interest. Which was almost double your balance. No one complains that immigrants come here get huge visa card and free hotel rooms. We are getting mad at our own citizens losing interest.

I have 6 loans 2 from 2012 the other 4 from 2015...i got the 2 paid off by the student loan forgiveness but not the others...why didn't they allow me time to consolidate all of them so they all were paid?? The deadline hasn't ended as of today june 24th. Im confused

Why should tax payers pay for your student loan forgiven

I got an idea, take responsibility for your decisions. Pay back what you owe. Take control of the situation rather than sitting on your hands and hoping some politician is going to fix the problems you made. Scrimp, save, work over time, post pone your ambitions. I did it. You can, too. Graduated in 2013 and paid my loans back in 2018. It sucks putting off what it is you want to do, but you can do it.

So I have a mortgage, but really wanted my tesla even though I knew I had a house payment. I don't want to pay my mortgage anymore. Should I ask people who live in an apartment and take public transportation to pay my mortgage? Same thing as this crap.

This student loan forgiveness is very frustrating. I am in the PSLF HAVE PAID OVER 120 payments and have not been forgiven. The definition of forbearance is unclear.. I don’t understand why they are not counted. You have some people that were in forbearance and forgiven and others are not. This whole loan forgiveness is a mess. It’s all over the place.

Why should students loans be paid by taxpayers? This program is not fair to taxpayers that have to pay for someone’s education.

Status name change is the answer, for MANY things.

I personally do NOT believe that there should be ANY student loan forgiveness. People took out those loans, acting as adults then they need to own that responsibility. The law should be changed to allow bankruptacy, as then there would be SOME accountability to the poor decisions people made. And yes, they made poor decisions. No plan, no research on their prospects, doing whatever FELT right or good....rather than an actual need. I understand that people might have a hard time, but they still dont get a pass from the responsibilities they incur by their choices. And I dont think it either fair Or right for those of use who DID pay back out loans to have to help pay back everyone elses.

Hush

Pay your loans. As a taxpayer I should not have to pay for your student loan. It's your responsibility.

I paid for my education, including a master's degree, by working my way through school. If this vid is only for "smart people", then I must be stupid for understanding how responsible finance works. How do I get free money from the gummint?

Bla bla bla bla bla bla bla

Be a grownup and pay the loan you WILLINGLY took out.

Pay your loans. You signed for them. I'm paying mine, slackers.

Pay your own Loan