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Pslf refund for payments over 120 reddit?
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Pslf refund for payments over 120 reddit?
COVID payments, refunds, and PSLF Reddit. If you paid your bill using a check, you will get a lot of checks in the mail. I received loan forgiveness with the waiver 11/11/21. At that time, the representative told me I would not need to make an October payment, and that I would need to. You can get a refund for any payment (including auto-debit payments) you make during the payment pause (beginning March 13, 2020). Public Service Loan Forgiveness (PSLF) If you work full time for a government or nonprofit organization, you may qualify for forgiveness of the entire remaining balance of your Direct Loans after you've made 120 qualifying payments—i, 10 years of payments. Submitted initial PSLF over a year ago. 14-16 month roughly. Time spent in lengthy forbearances and certain deferments — but not in school deferment — also count towards the 120 payments needed to get PSLF. But it is worth calling MOHELA to make the request. The best ones are the ones that stick; here are t. Balance is still $52,000. Since October 2021, $42 billion in student loans have been approved for discharge under the Public Service Loan Forgiveness program. A refund will be issued for any amount remaining within 90 calendar days. That is correct. Just posting here in case anyone else is in the same scenario. Welcome to r/BorrowerDefense! If you feel that you were scammed by your college, trade school, or training program, you should consider filing for a federal program called Borrower Defense to Repayment (BDTR) that could help you get the federal student loans associated with your scam school DISCHARGED (and maybe even get a refund). I was one of the many who was denied because I was under an IDR and not an approved plan. Even if you’re using an anonymous user name on Reddit, the site’s default privacy settings expose a lot of your d. I made over 120 payments with Naviet and MOHELA only the time needed to cancel out my Student loan. PSLF refund? After Biden initially changed the PSLF program to be more functional, I had my student loans forgiven -I had to do the whole refinance them through the proper program to have it forgiven first, but I got that handled. Last month, I got a message from Mohela that "Our records indicate that you have made the 120 payments required to receive forgiveness under PSLF. Honestly, I wasn’t even aware of student loan forgiveness refund checks. Several steps will happen 90 business days to process your Pslf application and once you reach your 120, it takes DOE an additional 90 business days to process the full forgiveness. We recommend you delete and re-post your question/comment at r/PSLF to get the best responses and centralize the discussion. It would be cleaner that way. Increased Offer! Hilton No Annual Fee 70K + Free Night Cert Offer! American Express has released new offers today for savings at Marriott hotels. Borrowers will be able to access a hold harmless option to have other periods of deferment and forbearance potentially counted toward PSLF if they make payments equivalent to what they would have owed at the time. Chand Sayyed was squatting just outside the intensive care unit at the Ahmednag. We recommend you delete and re-post your question/comment at r/PSLF to get the best responses and centralize the discussion. Mohela: Payment Count, Discharge, and Refund. We recommend you delete and re-post your question/comment at r/PSLF to get the best responses and centralize the discussion. But if you pay more than you owe on your way to 120, then that money is gone and wasted. The payments over 120 must be made on the current active loan. • Many borrowers who made more than 120 qualifying payments will receive a refund. An employment certification form I submitted was also noted as a "duplicate form", as I had submitted employment certification a few months prior. Information and advice about Public Service Loan Forgiveness, a forgiveness. According to the IRS, the average Am. The thing is, I just completed the consolidation of those FFEL loans to Direct Loans last October. The buyback program is specifically tied to PSLF, a federal student loan forgiveness program that can provide borrowers with a complete discharge of their federal student loans after making 120. Here is my refund request timeline for payments made during the pandemic. If you reach your forgiveness milestone: Before Sept. My wife currently has 114 payments for PSLF and TEPSLF. Due to limited waivers my actual discharge date was 9/2017. Your total payments over 20 years would be $2,500. The only reason I got PSLF forgiveness last May was because there's a Democrat in the White House and I submitted the right paperwork in time for the Oct PSLF payment adjustment deadline last year. I made well over 120 payments as a federal employee on this loan. 00 In this example would a person be refunded. We would like to show you a description here but the site won't allow us. I paid over the 120 amount until the Covid forbearance kicked in Jan of 2020. Remember payments have been $0 since March 2020. My original pre-consolidation share was $65k, my wife's was $35k. Keep a copy of your Navient payment historygov review your loan history, and get a copy of history from downloadmydata on that. Time spent in lengthy forbearances and certain deferments — but not in school deferment — also count towards the 120 payments needed to get PSLF. We recommend you delete and re-post your question/comment at r/PSLF to get the best responses and centralize the discussion. We would like to show you a description here but the site won't allow us. Dept of Ed confirms the 120 payments and sends that confirmation back to Mohela. Since you consolidated in 2022 any payment after that would be $0 so there is nothing … You’re entitled to a refund if the PSLF Waiver credits you for more than 120 qualifying payments on an existing Direct Loan. The Department of Education has not released exact details on the refund … When I submitted the last employment verification it “recommended” that I keep making payments but said I could call Mohela to put my account. It was a cold morning in November 2021. I did map it out to determine what payments counted by looking at my account at last servicer and what pslf pmts weren't eligible - I made less payments than I thought the last five years, but still getting a refund. You only receive a refund on payments over 120 on your most recent Direct Loan. Not necessarily true but I think it depends on if you keep at it for the refund. PSLF refund? After Biden initially changed the PSLF program to be more functional, I had my student loans forgiven -I had to do the whole refinance them through the proper program to have it forgiven first, but I got that handled. Reddit has been slowly rolling out two-factor authentication for beta testers, moderators and third-party app developers for a while now before making it available to everyone over. Requesting Refund of COVID Payment Made to Navient Before Consolidation to Direct. If you've consolidated recently, within the COVID pause, you won't receive a refund because any payments after consolidation were $0 payments. When my payments were initially counted in February, there were lots of payments counted as ineligible. To benefit from PSLF, you need to repay your federal student loans under an IDR plan. You will get it by automatic ach deposit if that’s how you paid your loans (after the 120th payment). Call and get your money refunded before forgiveness! Not eligible for PSLF unless currently working for an eligible non-profit by June 30th even with over 120 months of what would have been good payments. Received two refund checks totaling ~$20k on 1/13. How Borrowers Who Qualify Under the Expanded Public Service Loan Forgiveness Get Refunds To qualify for Public Service Loan Forgiveness, borrowers must make a total of 120 certified payments. Any payments made after that date up to … You will not be refunded - refunds are only on payments in excess of 120 on direct loans after the most recent consolidation. Congratulations, you made 120 qualifying payments. So it seems well established that with the Oct 2021 Waiver you can receive loan forgiveness after you have left a public service job as long as you worked for at least 10 years and can get credit for at least 120 payments. The requirement that monthly qualifying payments add to 120 to receive forgiveness. The website has always p. New members who sign up now can get $120 in Uber vouche. I filed a case January 10,2021. If not, you'll need to stay until the loans are actually forgiven. The best way to check if your employer qualifies and complete a PSLF form is to access the FSA PSLF Help Tool. Dept of Ed confirms the 120 payments and sends that confirmation back to Mohela. If that increase is my refund amount, which I believe it is, then it included both my payments over 120 and my Covid payments. It’s automatic if you make payments over 120. matchstick models Many Americans are counting on their refunds to pay the bills and may also be waiting for their stimulus payment as a tax credit. I made over 120 payments with Naviet and MOHELA only the time needed to cancel out my Student loan. We would like to show you a description here but the site won’t allow us. No. that would be 1 of the required 120 payments necessary for PSLF. So payments over 120 after than time would be eligible for a refund. Duplicate Refund. It's payments in excess of 120 on a direct loan after any final consolidation. Public Service Loan Forgiveness (PSLF) If you work full time for a government or nonprofit organization, you may qualify for forgiveness of the entire remaining balance of your Direct Loans after you've made 120 qualifying payments—i, 10 years of payments. Recognized as a symbol of stren. The loan payments on the mohela site don't show any payments from 2011 - 2016. One is about an employer signature form, if I pursue that I'll be more than 123 payments. Not necessarily true but I think it depends on if you keep at it for the refund. According to Mohela, I have satisfied 132 out of the 120 payments. You will get it by automatic ach deposit if that's how you paid your loans (after the 120th payment). Rehired by employer on 8/2/2021 and immediately. gardaworld vacation policy I have more than 120 payments on my FFEL Program loans and I just consolidated into Direct Loans so I can get PSLF forgiveness. To benefit from PSLF, you need to repay your federal student loans under an IDR plan. I applied for and submitted everything and although initially they stated I did not meet the payments, after they did a further review I got a letter in June stating I have made the qualifying 120 payments and qualified for loan forgiveness. Any payments during the present COVID FB will be definitely be refunded. The only reason I got PSLF forgiveness last May was because there's a Democrat in the White House and I submitted the right paperwork in time for the Oct PSLF payment adjustment deadline last year. Under SAVE, you have to earn less than $67,500 to ahve a $0 maximum payment. Only federal direct loans are eligible for forgiveness under borrower defense Ford Federal Direct Loan Program provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The payments over 120 must be made on the current active loan. They would refund any payments over 120 post consolidation once forgiveness is finalized. Has anyone seen "Payment in Progress" in their fedloan account AFTER PSLF was granted? There is an amount there but I can't tell if it's something due or owed back. So had you consolidated in 2016, you’d be getting a … If you consolidate and pay for more than 120 months, then starting at 121 would be refunded. I also have a message that says "Your federal student loan(s) has been discharged. PSLF refund payments over 120 Received a letter from Mohela months ago that they had processed my refund for payments over Has anyone recently received a refund from dept of treasury? Wondering how long you waited? Mohela is useless in regards to information on this because the check isn't coming from them. We would like to show you a description here but the site won't allow us. But it is worth calling MOHELA to make the request. If your situation is the latter, you might be eligible for a PSLF overpayment refund. *Edited for spelling. Our nation's teachers, nurses, firefighters - and other dedicated public. But if you made those payments towards a Federal Perkins Loan or FFEL Loan and then consolidated, you won't get a refund. So unfortunately the rep was incorrect, you’re not getting a refund. Let's say when you consolidated you had 130 payments and the loans were forgiven in January 2021. Several steps will happen 90 business days to process your Pslf application and once you reach your 120, it takes DOE an additional 90 business days to process the full forgiveness. last year weather today • Loans that are already paid in full cannot benefit from this waiver. (I did not have bank info with FedLoan so I assume I would receive paper check. ADMIN MOD. Im at 130+ since 3/29. So we did his homework for him. If payments in excess of the 120th payment were made prior to a consolidation, they will not receive a refund for those payments. This usually happens after 120 to 180 days of nonpayment on a loan. I had called MOHELA in August to figure out what happens with my October payment. "Excess" means above 120. Time spent in lengthy forbearances and certain deferments — but not in school deferment — also count towards the 120 payments needed to get PSLF. Important : I've gone back and forth with Fed Loan about whether I'd be receiving any refunds after 120 payments (regardless of timeline). Loans 1 and 2 have 111 payments toward PSLF Loans 3 thru 6 have about 99 payments toward PSLF. This includes periods of default. According to the Fact Sheet: Charting the Path Forward for Public Service Loan Forgiveness, released by the ED on October 25, 2022,.
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Here are some helpful Reddit communities and threads that can help you stay up-to-date with everything WordPress. Back in 2012 I started a government job, unfortunately we had to file for chapter 13. On the topic of over-120 payment refund: I waited on hold for four hours the other Friday to talk to a supervisor who put in a reconsideration request for me for them to review my account. Consolidating in 2016 would leave you eligible for a refund so it's a matter of when payment 120 was based on their calculation. Twelve of the hospitals involved were government facilities. After 2 years I found out none of my payments before 2017 count towards PSLF. 8/6 - All payments in my bank account So if you made 130 payments under the ffel, then consolidated to get this waiver you would not get a refund. Refund for overpayment above 120 payments I believe I have made 25 extra payments over the 120 (I've been paying on these loans as a public service employee since 1998 and 3 degrees later!). As I was still paying but realized I was over 120, I sent in PSLF paperwork by mail. What happens if you made well over 120 payments before you apply for PSLF? Will they refund you the payments over 120? That is my situation - I made… So I'm trying to wrap my head around the order of operations on getting the PSLF application in and a refund for over payments for my wife. No, you cannot get refunds on FFEL loans since they are private (technically) and the government has no authority to make private lenders refund monies Jerry-C137. It appeared on fedloan that I would get a refund for payments made beyond the 120. The payments over 120 must be made on the current active loan. Posted by u/dmortimer11 - 1 vote and 3 comments Posted by u/Accomplished_Dig_908 - 1 vote and no comments From my understanding refunds are issued in two different ways: Any payment over 120 after consolidation but before pre-Covid pause. This is requesting a refund for any payments made starting March 13, 2020. Okay so you would receive a refund on the payments over 120 on that consolidation loan. bungalows for sale in evesham If payment 120 was prior to 10/31/22 you benefit from the waiver provision that you don't need to be at a qualifying employer at the time of forgiveness. MagicianLanky615 Mohela Rep Told Me They Recently Got a Large File of Loans to Discharge. You can think of them as $0 payments. Only payments made after the consolidation will be refunded if you make any Reply. Refunds are only given for payments over 120 on Direct Loans. " So I am nearing the end of my pslf 120 payments. I received trophies in August. It is coming! be patient! Make sure your payments are ALL certified. So more like 399 calendar days, or a year and month and some change. I've had a single consolidated FFEL loan since 2004 (not a Direct consolidation); paying back on a 30-year payment plan since beginning. What happens if you made well over 120 payments before you apply for PSLF? Will they refund you the payments over 120? That is my situation - I made… So I'm trying to wrap my head around the order of operations on getting the PSLF application in and a refund for over payments for my wife. It is impossible to get forgiveness through PSLF with any less than ten years (120 months) of. I understand it could take 60-90 days before a refund is issued to me. I received a mailed refund check January 2, 2024. I've had a single consolidated FFEL loan since 2004 (not a Direct consolidation); paying back on a 30-year payment plan since beginning. the PSLF section now reads: You're eligible for forgiveness. If you paid $0 after the date they considered your 120th payment, you get refunded $0. TLDR: I called, they confirmed that I do have 120 qualifying payments and that my application was sent to the DOE back in May. In Sept 2022 we requested COVID payments refund, his balance increased on Feb 11. In other cases, the newly qualified payments might put you over the 120 minimum. aunty donna gif By cancelling loans after 10 years of public service, PSLF removes the burden of student debt on public servants, makes it. While many Americans have seen their tax refunds go down under the new tax laws, we have some strategies to increase your tax refund. But if you pay more than you owe on your way to 120, then that money is gone and wasted. Just trying to figure out if I need to start tracking some money down. There's no refund for time period March 2020- present. I was told at the time that anything I had paid over the 10 years of making loan payments while working as a public. Don’t know if a refund for PSLF over payment or a refund for the pandemic payments is still possible Reply reply •. By my count, I made roughly 16 payments over 120 until I stopped in Jan of 2020. Fedloan/PHEAA is inundated. Ultimately, the amount forgiven depends on your income, family size, and loan balance. I understand it could take 60-90 days before a refund is issued to me. Also, if you haven't paid since March /2020 those months would all have a refund value of $0. Information and advice about Public Service Loan Forgiveness, a forgiveness program for US federal student loans Then today the payment tracker updated to reflect 120/120 payments on all 8 loans. 66K subscribers in the PSLF community. front porch designs for houses uk I've heard nothing since then. Yes, all payments before 03/20 if you made any payments after the Covid forbearance period which is after 03/20 you have to request those payments back because those were voluntary payments. Let's say when you consolidated you had 130 payments and the loans were forgiven in January 2021. I had no idea that we'd get refunds for payments made after the 120 payments!! Thank you for this board in sharing such valuable information. This debt relief was processed as part of the Public Service Loan Forgiveness Program because one or more of your student loan(s) has reached the number of payments that qualify. What Does This Mean for You: Based on our estimates and your records, your Direct Consolidation Loan's payment count for PSLF should go up by at least 42 qualifying payments. Under SAVE, you have to earn less than $67,500 to ahve a $0 maximum payment. I think the rule is only qualifying payment over 120. Advertisement If you're depending on your annual IRS. Sharing Next Steps Update: Trophies Received! We reached 120 qualifying payments About 10 days ago, I made this post: Trophies. I've worked in the non-profit education sector for over 20+ years, have a consolidated Direct loan since 2010, and have been paying my. If this year's refund is less than it. I have only ever worked for a qualifying full time public school my entire 22 year career. So I was just informed that my $79,000 student loans were forgiven. PSLF went through after consolidation No refund from payments made during pause Well it looks like there was some confusion over refunds during the Covid period. Applied for PSLF way back in January of 2022 when I reached the 10 year mark on consolidating my loans. If you think the one time adjustment will get you to 120 then yes you can use forbearance when the pause ends. IF her FFEL loans are held by the Ed and she paid throughout the Covid forbearance, she could. We recommend you delete and re-post your question/comment at r/PSLF to get the best responses and centralize the discussion. I was told the process of refund would be 6-8 weeks but I should see the loan reappear before that time frame. While many Americans have seen their tax refunds go down under the new tax laws, we have some strategies to increase your tax refund. After 10 years of qualifying on-time payments, public service workers can apply for total student loan forgiveness. At that point I would have paid between 213k and 258k, 87k of which is interest.
If you paid by check you'll get a check mailed to you, and it may take longer than getting it by automatic deposit Reply. PSLF and Refund. Hi All, I transferred FFEL loans to Dept of Ed in Oct when the temp waiver was announced. There is no further documentation required from you while awaiting final discharge approval from FSA for these loans. Do I need to do anything else, or is now just down to a waiting game. I also have a message that says "Your federal student loan(s) has been discharged. It would seem any payments #ing over 120 on a Consolidated Direct Loan would mean a refund. FSA showed $0 on 1/12. I submitted the Limited PSLF Waiver form by 10/31/2022 but it says "processed" not approved. landsofamerica If there was a recent consolidation, only months over 120 post consolidation can be refunded. Consolidating in 2016 would leave you eligible for a refund so it's a matter of when payment 120 was based on their calculation. You may get a refund on any payments over 120 since 2007 post consolidation. If you paid by check you’ll get a check mailed to you, and it may take longer than getting it by automatic deposit Reply. So I ended up qualified based on that on my 11/2019 payment as payment 120 after the TPSLF was applied. I was part of the 9/15 Notice of Transfer to Mohela who were forgiven around 9/13. I'm right there with ya except for $41,000 Me too! I finally have trophies, just waiting on the $0 balance and official forgiveness letter. I think the rule is only qualifying payment over 120. sahlt reddit Refund Scenario #2 (PSLF overpayment): One the waivers (October 2020 Limited PSLF Waiver and IDR Waiver) are applied to your account, it will be determined when you reached 120 payments. 90 business days for Dept of Ed to confirm the Mohela count (I got the impression that Mohela basically needs Dept of Ed permission to declare 120 payments). There's no one to talk to - you just need to wait and let the process play out By centralizing PSLF at the Department, borrowers will have a more streamlined, pleasant experience that will ultimately deliver them the relief they are owed more quickly. The thing is, I just completed the consolidation of those FFEL loans to Direct Loans last October. 7/28/22: Submitted PSLF and 4 ECFs via Mohela's upload link. So basically, even if I'm forgiven before the older payments are found and counted, they'll go back and reset the payment count back to 2007, and refund payments after that? Makes sense to me. Find out more about Public Service Loan Forgiveness (PSLF) and Temporary Expanded Public Service Loan Forgiveness. how to add a picture to gmail signature You will get it by automatic ach deposit if that's how you paid your loans (after the 120th payment). Did you have the credit sign? Im going to inbox you a screen shot. This forgiveness is effective as of 01/19/2024" Information and advice about Public Service Loan Forgiveness, a forgiveness program for US federal student loans 148/120 payments upvotes. Payments and Repayment Options.
Information and advice about Public Service Loan Forgiveness, a forgiveness program for US federal student… PSLF overpayment refund. We would like to show you a description here but the site won't allow us. I was forgiven under PSLF in mid February and figured that was it and was very happy and relieved. Over 120 payments and denied for TEPSLF. This forgiveness is effective as of 01/19/2024" Information and advice about Public Service Loan Forgiveness, a forgiveness program for US federal student loans 148/120 payments upvotes. So it was a very thankful holiday. I was told that applying the PSLF waiver is a second step. I am expecting a refund with 50 plus payments beyond 120. Paying extra won't help you qualify for PSLF sooner. The U Department of Education (ED) is updating our systems and contact centers to better manage the Public Service Loan Forgiveness (PSLF) process in order to improve the overall borrower experience. Qualifying payments. Two weeks later the exact amount of my. That said, why did you consolidate? If it was because you had FFEL loans, those loans wouldn't have been eligible for PSLF unless you consolidated. teksynap Your last consolidation was 2003, your as of 120 date would be March 2018 based on that count. The United States isn't among the top 100 safest countries in the wo. Jack has all FFEL loans and has made over 120 payments while working for an eligible employer. Information and advice about Public Service Loan Forgiveness, a forgiveness program for US federal student… I had a lot of payments that was not qualifying and I wanted to know why Everyone that I talked to with Fedloan never gave me an accurate response! Ombudsman is over the Loans and they step in on your behalf when you file a case. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. I asked if I get a… 120 eligible payments and forbearance. Hi all, I have been following this thread for some time. Ford Federal Direct Loan (Direct Loan) Program OMB No Neither the 120 qualifying payments nor the qualifying employment have to be consecutive To qualify for forgiveness, I must be employed full-time by a. Several steps will happen 90 business days to process your Pslf application and once you reach your 120, it takes DOE an additional 90 business days to process the full forgiveness. com or mail/fax the form to: Fax: 8667060S. I'm right there with ya except for $41,000 Me too! I finally have trophies, just waiting on the $0 balance and official forgiveness letter. Hi All, I transferred FFEL loans to Dept of Ed in Oct when the temp waiver was announced. I received forgiveness in May. While happy about this, I have made well over the 120 payments and by other's reports I am due for a refund. Mohela still shows one of my forgiven loans. So, if you receive forgiveness while waiting for the refund, I'm going to guess you'll get the DOE requested refund from the Treasury in one check, and the "regular" refunded payments over 120 (a couple of months after your loan is zeroed out on FedLoan) direct deposited into your bank account. Had my last form get marked as duplicate but it was wasn't. flower embroidery designs That said, why did you consolidate? If it was because you had FFEL loans, those loans wouldn't have been eligible for PSLF unless you consolidated. Sharing Next Steps Update: Trophies Received! We reached 120 qualifying payments About 10 days ago, I made this post: Trophies. The refund is automatic for any payment made on Direct Loans over the 120 qualifying payments threshold for PSLF. This includes periods of default. I understand that I have to wait the 90 days and hear from DOE for them to be forgiven. and they'll never count after that. So if you consolidated, only payments over 120 on that specific loan will be refunded. I was part of the 9/15 Notice of Transfer to Mohela who were forgiven around 9/13. 7/27 - FedLoan website updated to show new balance and all pandemic payments gonegov website updated to show new balance. "Until your loans have been forgiven, you need to keep making. My question is, when and how will I get back all of that money I paid in after the 120 payments? Giving up on possible refund over the 120 So … I've been researching my butt off trying to find out if I might get a refund for my loan payments over 120 since 2007 under PSLF I received trophies 7/15 and have 58 payments beyond the required 120. Over 120 payments and denied for TEPSLF. but I guess it meant that before the waiver you had to work up until the day your loan got discharged View community ranking In the Top 5% of largest communities on Reddit. Yes payments made over 120 on the current loan are refunded. In between, I actually received official loan forgiveness on Jan 10th and now I am awaiting my other refund for payments over the 120 count from 2017 through 2020 (pre-COVID forbearance). Keep a copy of your Navient payment historygov review your loan history, and get a copy of history from downloadmydata on that. I think the rule is only qualifying payment over 120. We would like to show you a description here but the site won't allow us. Do you get refund if you pay during covid under pslf for the covid payments? My husband got pslf approved and got a overpayment check for the months he paid over 120 payments, he hit 120 Aug 2021 (got approximately 20 months worth of overpayment). Something like -10 needed.