What do the new SAVE, IDR, and PSLF regulations mean for student loan borrowers? 

Makes sense why they make it so confusing so everyone stays a slave to their loans and depend on" forgiveness" you'd pay more in just interest if you wait 10-20 just for an interest forgivness

Unfortunately this wasn’t a very clear presentation, I'm sure partly because the regulations are unclear. There’s so much here that I don’t understand. For example, I don't understand the benefits vs drawbacks of consolidating. Please elaborate more clearly on that. I would appreciate it. In my circumstances, I have all graduate student loans with different repayment start times that are months but not years apart. MOHELA keeps miscalculating qualifying payments and this is one reason I'm possibly interested in consolidating, so that MOHELA doesn't keep confusing me with their miscalculations over different loans. I am currently in the PAYE plan and was a first-time borrower for undergrad loans in the 2007-2014 period (though I paid off all undergard loans already and now only have grad loans). Will I lose PAYE if I consolidate? Will I have to re-certify if I consolidate? Can I trust MOHELA to correctly apply qualifying payments of my oldest loan to my consolidated loan?

When is counting for idr waiver time going to begin?

This is wonderful, is there anyway you can do a short bulleted Cliff Notes version? Like an infographic for example I would love to be able to watch it all but at this moment do not have the time. Thank you for all that you do!

When will we see IDR forgiveness on these old loans from 1998

How will the 'up to $12k' forgiveness work on the SAVE plan?

I’m trying to get PSLF forgiveness as a teacher. I didn’t know what I was doing 4 years ago and signed up for graduated payments that I now know isn’t PSLF approved… I also now know there was a waiver last year I could’ve filled out that I didn’t know about :( Is there anything I can do to make up for that at some point? Would consolidating everything into the new SAVE plan change anything or am I just stuck starting from year 0 of 10 now?

If I have certification of working for a non-profit for at least 10 years, and have been enrolled in a plan for 10 years, shouldn’t all my loans be forgiven? What if some where in forbearance? Or what if I went into default during any period?

How do I get consult?. My 1st loan was 1999 i think. If not was 2005. Nursre my loans were in forbearance when went back to school. So not sure my options. I also have parent plus loan for my son that was in 2016. Went into forbearance since doing bachelor

All of my public service was done before 2007. My understanding is that I can’t apply for PSLF because that did not go into law until 2007

Sounds like I should move from IDR to SAVE? I've been on IBR/IDR for ten years or so...

I completed 1st round in double consolidation. I am in process of of final consolidation online. It is only giving me ICR to choose for repayment!! Other IDR options say ineligible. What can I do????

Are you sure your Student Loan Forgiveness Calculator (w/ New SAVE Plan) is actually correctly calibrated to deal with the SAVE Plan? The projected interest rates and total payments show practically no improvement at all relative to PAYE for interest payments and total payments, yet monthly payments are consistently lower for SAVE vs. PAYE. Seems something is wrong here. What's the point of any of the perks of SAVE, if your calculator is true? Could you do a video explaining your calculator and the algorithms for the calculations?

Hello! I was very stupid when initially taking out loans. Who can i reach out to for personal assistance in repayment and planning? I dont know how to start or what to even look up for finding help in this.

Sorry just getting message. Thank you greatly. Dsw,LCSW from Maine. Currently, on PLSF plan thru review.

Have their been any change to the tax requirement for the IDE forgiveness amount that is going to expire ? Has SAVE addressed that?

My PSLF loan was forgiven in February. Is there any chance a Republican Congress/President could revert that and make us pay it? Is there a timeframe when it would be too late? Asking for my autonomic nervous system.

travis, in all of this, as you pay less and take longer to pay off loans, my concern is interest-the amount and is it capitalizing in to the principle, or does that not matter since looking for credit year toward forgiveness

What if 2002-2004 was consolidated when I entered pslf in 2014? Pslf only on 2007 and beyond. I started borrowing in 2002 and first entered repayment in 2004 with an in school deferement in 2010-2011. This is so confusing.

why were'nt Parents plus loans elgible for forebearance or was Navient lying to me. Reno NV

What if you are on there forgiveness plan for 30 years but now they want payments of 600 and you are onssa

I don’t understand most of this. I worked w your consultant in 2022 and have another appt coming up but I need your help.

What does capitalizes mean in this context?

So borrowed in 2013. Never had any kind of plan was just paying it off straight precovid while I was living with my parents. Now I won't be able to afford them and I'm in the "danger zone" years.... what would you suggest I apply for. Or should I go for anything

Boo didn’t get onetime 20k forgiveness. Looking at if I wait it out or refinancing. Still got 48 min payments to go I hope sooner took first loan out in 2002.

with the save plan, do you pay interest then any remaining interest would then be accrued would be subsidized? or is there no interested payed or accumulated by save plan?

I need to figure out where I stand now and what I need to do. How can I do a consultation?

How do we figure out what loans are undergrad and which ones are graduate? I have both and have double consolidated so have no idea what’s what anymore.

So if you instructed me (grad and undergrad loans consolidated in 2005) to switch our IDR to REPAYE should we now switch to SAVE?

I consolidated my parent plus loan in 2007. Do I qualify for the SAVE plan?

I started borrowing in 2009 while in undergraduate school, completed my bachelor degree in nursing in 2016. All my loans where via financial aid and are subsidized. The entire time I worked full time up until 2018, (at the same non for profit hospital). Almost two years in working as a nurse ( 2018), I decided to go part time 24 hours a week. I have 37,000 in student loans but I was told I do not qualify for the 10 years forgiveness because I do not full time. Any chance that I could get loan forgiveness?

my payment was $130,000 NOW $104,535.43 how do you pay all this

Going back to school- already have a Masters but seeking another bachelors (mortuary science)- how should I pay for this?

I reached out to AES to see if I can move to the SAVE and they told me The REPAYE Repayment Plan under the Income Driven Repayment Plans is not available for my loan. I applied last year for the PSLF and I still need to consolidate my loans that are with AES now but I also have parent plus loans (my daughter just graduated college in June). If I consolidate to get into the PSLF then can I get into SAVE or REPAYE for a lower payment?

If I consolidated a loan in 2019, am I eligible for double consolidation of the same loan?

What if I already consolidated my parent plus loans years ago? Does this mean that I can’t take advantage of the double loophole?

Does this mean after 10 years on SAVE plan or if you have already made 10 years of payments? Per Plan: "Those on the SAVE plan who borrowed $12,000 or less in federal loans will have any remaining balances forgiven after 10 years of payments"

Thank you so much for all the information it is really helpful!!

I have parent plus loans for my daughter. Is the payment based off of my income or my daughters income?

Thank you for all this info! Thank you!!!

michigan outside detroit!

Georgia

Michigan

Eldora IA

I'm from phx, az

Kentucky

Chicago 😮

single and dont cant aford 600 a month

Alabama

Detroit

Baltimore MD

Joplin MO

Tx

WVa

You rock bro!