Will FFEL Student Loans Be Forgiven? 

Was your ffelp loans part of the payment pause for covid? I have 2 ffelp loans. Stafford subsidized and unsubsidized and hoping they are also included.

@@mattsaman1892, unfortunately my FFELP loans were not part of the pause. When I logged in, they still wanted their money. Mine too, also consist of stafford sub and unsub loans. What burns me up is how they keep saying “private loans”, “private loans”, “private loans” will not be forgiven. All of my private loans are already paid. What they need to say is private LENDERS won’t be forgiven, not referring to it as private loans when they are two different things.

I think the government to step up and take responsibility for these ffelp loans. Mine are almost 30 years old and student aide hasn't been clear if getting a federal direct loan will help with getting forgiveness earlier. After 30 years its not easy to restart the clock.

I agree, I paid off 15k in.federal Stafford FFELP loans in June 2020, but since it was with Navient I won't get a refund on that payment I made during the pause? We had no say in who our servicer was, I'm so upset they better fix it

Please sign the petition to help get fflep loans included for the forgiveness

It's not Republicans fault. They simply should have made FFELP eligible. Duh!

You're. welcome!

They should. But amazingly they don't. So we have the benefit of paying other people's loans via higher taxes AND still paying our own government backed loans. Un-freakin-believable.

@@daves9355 What's worse is that FSA told those of us with these loans to wait for the next announcement and not consolidate (which would have transferred the loans back to the govt and therefore made them eligible), so a bunch of us waited and they just quietly excluded these loans with no forewarning. I was half way through my application and paused it b/c that was the advice being given. It's a shit show.

What's even more messed up is most of us who are excluded initially had gov held loans that started with Sallie Mae but they let private companies purchase & service them! So now we are excluded because they chose to sell that debt. It's messed up. I waited as well. Rarely do they ever let early birds benefit, but in this case it worked out for those who consolidated before sept29. What makes me even more upset is I know 2 people who purposefully defaulted on or of their loans because the payment was like $1800 or something & because they fell under that deferred forbearance category where they defaulted on their loans they forgave over $180k of debt for them, and they only needed maybe $40k total from year 1 to their masters degree. One person borrowed over 100k & acted like it was "free" money & spent it frivolously, use it to pay rent and not work, bought a car, laptop, new phone every other year, lots of stuff. But I refused to borrow more than I needed & paid mine on time & not one bit of relief in sight to wipe that debt clean left on the little bit I owe, like other people who defaulted & were rewarded for basically spending above their means & not paying their debts. Some people had their entire debt wiped clean because they defaulted for several months, or were coached into forbearance & gained a ton of interest, instead of adjusting the lump sum back to before forbearance and only giving them the $10,000. I read they wiped the debt clean on just over one million, but it have relief to about 22 students. Smh, crazy how things work.

From my understanding if your loan was transfered to aidvantage it was federally backed. Also if you were eligible for the covid pause it means they were federally backed as well. I have 2 ffel loans that transferred from navient to aidvantage that were eligible for the pause so im just sitting tight. It says on studentaid.gov if your ffel loan was part of the payment pause youd be eligible for forgiveness btw. But id still do your dd.

@@mattsaman1892 So reading through consolidation will probably be my path as my FFELs were not paused and the announcement page is murky on the status of FFEL. Going off the bullet point of "Consolidation loans, as long as all of the underlying loans that were consolidated were first disbursed on or before June 30, 2022". Mine would fit that criteria as they were originated between 2007-09. Here is the specific link I sourced my info: studentaid.gov/debt-relief-announcement/one-time-cancellation

You can submit a FOIA requst to check the consolidation paperwork. If it turns out you didn't sign for the consolidation, they might undo the consolidation. But I don't think that leads to you getitng out of the loan. You still borrowed the underlying loans (i.e., the loans included in the consolidation). And the consolidation paid those off. So you would still have that debt to deal with.

@stanleytate wow thanks I wasn't expecting a reply...thank you so much

My confusion is that they consolidated it to a private loan under Navient and added on a lot of interest which they recently did...

Hey, sorry about that. I'm not sure what the issue is. Here's the link: www.tateesq.com/free-talk

If your FFELP Loans are with the Dept. of Ed, and you meet the requirements, yes.

It's not about full federal loan or not. Consolidation moves your loan from being owned by a guaranty agency to being owned directly by the federal government. Doing that, should theoretically, make it more likely that the loan would qualify for any potential loan forgiveness.

@@stanleytate Ok thank you 🙏🏾

That's not necessarily true. If all you have is one consolidation loan and it's a Direct Consolidation Loan, then you can't consolidate that again. But if you have a Direct Consolidation Loan and another loan, you can consolidate those 2 loans together into a new Direct Consolidation Loan. And if all you have is a FFEL Consolidation Loan, you can consolidate that loan into a Direct Consolidation Loan.

@@stanleytate thank you! So if I have Ffel consolidated loans, I can tell Navient that I wish to make them Direct?

Yes, I don't see why you can't.