3/17/2023 0 Comments Aizawa senseiYou must be a full-time employee w/30+ hours weekly or have 2 part time qualifying employments totaling 30+ hrs/week. You are correct regarding your employment eligibility for PSLF. Of course with everything surrounding student loans, there’s a possibility that could change. 1, 2023.”Īs of right now, you have until January 1st to consolidate. ”If you have commercially held FFEL loans, you can only benefit from the IDR account adjustment if you consolidate before we complete implementation of these changes, which is estimated to be no sooner than Jan. any time in repayment prior to consolidation on consolidated loans. months spent in deferment (with the exception of in-school deferment) prior to 2013 and 12 or more months of consecutive forbearance or 36 or more months of cumulative forbearance toward IDR and PSLF forgiveness any months in which you had time in a repayment status, regardless of the payments made, loan type, or repayment plan Any period of repayment prior to the consolidation will be counted as well as deferment and forbearance periods outlined below: You will not lose credit by consolidating for the IDR Waiver. It’s a long text file, but it will have everything you need to know about your loans. Use the instructions found in this post on how to find your loan details. Then again, maybe I don’t have that right either. I have worked for a couple of community colleges as office staff, but both were part-time positions - 29.5 & 19.5 hours a week, respectively. I should add, PSLF doesn’t seem to be an option for me. Would consolidation be in my best interest right now? Where can I find more information about my situation as it would pertain to the IDR waiver? I’m sorry for the long post but I wanted to be thorough to try and get the best guidance possible. Do these periods need to be consecutive? Will they all get wiped out if I consolidate and start me from zero with a higher interest rate? I graduated in 2008, and have been on IDR or forbearance pretty much since then outside of about a year and a half in 2012-2013 where I was able to pay in full. I haven’t been able to find good information on just how much IDR/forbearance periods I have. But it’s very difficult to tell if I should bother consolidating I’m aware consolidation is required for the waiver, but I’ve also seen information that you lose your history of IDR/forbearance if you do so. Well, since I’m not getting debt relief, I’m looking at the IDR waiver now. I did not consolidate in the past because I had my loans in a manageable situation without doing so why would I take the higher interest rate and payments just to consolidate? My instinct right now is to apply for consolidation. I’m trying to sort all of this garbage out myself but it all just seems engineered to screw me. I’m probably about an hour into my stated 3-hour wait time, which I couldn’t even get into without sitting through all the crap about loan forgiveness they screwed me out of, and I’m just so completely done. I even called a week ago when I got a notice saying I needed to reapply and was told there was no problem. I am now getting screwed even further by MOHELA, who are bumping my IDR-adjusted payments back up to full despite the fact I’ve had an IDR listed on their website as processing since June 25th. As someone who didn’t qualify for any of the payment pauses during the CARES Act, I believe I’m already effectively screwed out of debt relief thanks to having FFELP loans, though I’m not sure that’s what they are and can’t find a definitive answer.
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