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Is it currently known whether the "made less than $125,000 in 2020 or 2021" just requires you to have made less than $125k in one of those two years? Say, for example, you got a bunch of stock dropped on you in 2021 that counted as income but is roughly worthless now, but in 2020 you made way way less than $125k.
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Oct 20, 2022 18:14
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Plotac 75 posted:Is it currently known whether the "made less than $125,000 in 2020 or 2021" just requires you to have made less than $125k in one of those two years? Say, for example, you got a bunch of stock dropped on you in 2021 that counted as income but is roughly worthless now, but in 2020 you made way way less than $125k. Yes. You just had to have less than $125k in taxable income in either 2020 or 2021.
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Oct 20, 2022 18:16
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Leon Trotsky 2012 posted:Yes. You just had to have less than $125k in taxable income in either 2020 or 2021. Oh thank goodness. I thought I was double-screwed-over there for a second.
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Oct 20, 2022 18:17
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Got my PSLF application signed and faxed. No idea if there’s a way to check status later but I’m hoping this is fine while my consolidation finalizes. Not really hoping for anything at this point given how annoying this process is but I’ll take what I can get.
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Oct 20, 2022 18:20
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DOE says the first wave of debt forgiveness will begin this Sunday. They didn't specify if there was any specific criteria for who gets processed first. Could be random, could be the people whose income was already on file at the DOE, or it could be people who filed out the beta form.
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Oct 20, 2022 22:27
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Leon Trotsky 2012 posted:DOE says the first wave of debt forgiveness will begin this Sunday. I just heard that on the radio on the way home. I googled and found more specific info: quote:Oct. 23, 2022 It also says that people who qualify for automatic forgiveness won't get processed until November 14th to give them the chance to opt-out following the lawsuit from someone who didn't want forgiveness. quote:Nov. 14, 2022 https://fortune.com/2022/10/19/federal-student-loan-forgiveness-key-dates-borrowers/
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Oct 20, 2022 23:12
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https://twitter.com/ZekeJMiller/status/1583247350503702528?t=T0cZPH-rpMf6HDp7-1U9Hg&s=19
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Oct 21, 2022 01:16
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Thom12255 posted:https://twitter.com/ZekeJMiller/status/1583247350503702528?t=T0cZPH-rpMf6HDp7-1U9Hg&s=19 On top of that: SCOTUS denies request to block Biden's student loan forgiveness plan https://www.axios.com/2022/10/20/scotus-biden-student-loan-forgiveness-tax-group
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Oct 21, 2022 01:37
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Someone PM'd me this information that may be relevant to anyone who had loans to go to ITT Tech or any of the other For-Profit Schools that the Biden Administration determined were defrauding students with deceptive advertising and asked me to share it:quote:I put in a Borrower Defense against ITT Tech in Sept 2021 since I went in the mid-00s and I got this back: They also wanted to remind people who aren't sure if they have Pell Grants or what types of loans they have, that they can check https://www.studentaid.gov and it will confirm if you had Pell Grants and what type of loans you have: quote:sometimes i wonder why goons don't know about this, but really no one does
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Oct 21, 2022 14:05
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Finally got my confirmation from MOHELA that my consolidation loan was disbursed, just in time to finish my PSLF application next week. Just for my own paranoia, do you all think it's a better idea to submit the application via certified mail, or via fax? I've used faxes in the past for IBR application/renewal, but even with a confirmation that it went through I wonder how well it's being received on the other end. (why can't they just accept these documents electronically?!)
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Oct 21, 2022 19:16
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Space Racist posted:Finally got my confirmation from MOHELA that my consolidation loan was disbursed, just in time to finish my PSLF application next week. Fax is probably faster and should be fine. Congrats!
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Oct 21, 2022 19:21
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Space Racist posted:Finally got my confirmation from MOHELA that my consolidation loan was disbursed, just in time to finish my PSLF application next week. When did you apply for the consolidation?
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Oct 21, 2022 19:23
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Leon Trotsky 2012 posted:Fax is probably faster and should be fine. Thanks! And will do. Now to just track down a fax machine at my work.  Happy Noodle Boy posted:When did you apply for the consolidation? I applied on Friday 09/02/22, so about 7 weeks. They quote 4-6 weeks but I'm guessing they got slammed with the deadline for PSLF coming.
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Oct 21, 2022 19:47
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Leon Trotsky 2012 posted:DOE says the first wave of debt forgiveness will begin this Sunday. This will no longer be happening on Sunday. Another circuit granted their wish. https://twitter.com/mstratford/status/1583585212025696256?s=20&t=FpYn0SSGEY6j9crh2-rF5w
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Oct 22, 2022 00:05
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So they got dismissed for not having standing yesterday and now they get to appeal and this circuit gets to do it all over again?
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Oct 22, 2022 00:25
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They're trying to get it to SCOTUS before anyone actually gets anything in significant numbers and it becomes basically impossible for the mullahs to undo it.
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Oct 22, 2022 00:48
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Tayter Swift posted:This will no longer be happening on Sunday. Another circuit granted their wish. Jesus fuckin christ
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Oct 22, 2022 01:09
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I need to submit my PSLF form, but my consolidation hasn't gone through yet (expected really, I only applied for consolidation a week or so ago). I'm still good to submit the PSLF form, right?
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Oct 22, 2022 01:15
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Framboise posted:I need to submit my PSLF form, but my consolidation hasn't gone through yet (expected really, I only applied for consolidation a week or so ago). I'm still good to submit the PSLF form, right? Yeah, you should be. Just do it before October 31st.
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Oct 22, 2022 01:16
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Apply to all this poo poo asap and just hope you get in the cracks between all the court fuckery. Don't trust this country to follow through on anything, don't delay.
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Oct 22, 2022 01:31
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F the courts and do it anyway
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Oct 22, 2022 03:48
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Mustard Iceman posted:F the courts and do it anyway They have to have the cooperation of the loan servicers and they're not going to do anything if a court says not to.
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Oct 22, 2022 13:14
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Wow that was super easy.
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Oct 22, 2022 17:15
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Mailed in my PSLF form. Kinda pointless if I get a new not-nonprofit job, but whatever.
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Oct 22, 2022 17:55
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Framboise posted:Mailed in my PSLF form. Kinda pointless if I get a new not-nonprofit job, but whatever. Good luck! Does anyone know if there’s a deadline for refunds on Covid-pause payments? Nelnet denied my request because they didn’t start processing it until after my Nelnet account was zeroed out for consolidation to MOHELA.
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Oct 22, 2022 18:19
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I’m not a big brain lawyer but how can the 8th circuit stop a nation wide program for a case that’s already been ruled as having no standing? Like none of that sounds like something the 8th circuit can actually enforce
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Oct 22, 2022 19:54
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Dr. VooDoo posted:I’m not a big brain lawyer but how can the 8th circuit stop a nation wide program for a case that’s already been ruled as having no standing? Like none of that sounds like something the 8th circuit can actually enforce It's a federal appeals court, and it's an appeal. That's straight up what they do.
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Oct 22, 2022 20:04
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From scuttlebutt it's likely just a very poor standing hold while they wait till Monday to do anything because they can't be assed to do anything in the weekend. Much like many people in high positions, the weekends are a time that is sacred and gently caress everyone else. There's no standing, and that is something the lawsuit hasn't fixed.
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Oct 23, 2022 03:26
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Framboise posted:Mailed in my PSLF form. Kinda pointless if I get a new not-nonprofit job, but whatever. Some not for profits qualify for PLSF too.
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Oct 23, 2022 19:12
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Framboise posted:Mailed in my PSLF form. Kinda pointless if I get a new not-nonprofit job, but whatever.
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Oct 23, 2022 19:34
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There’s an updated megathread on Reddit explaining what the next steps are from the 8th circuit (and other cases in the pipeline) here https://www.reddit.com/r/StudentLoans/comments/ycfdwh/litigation_status_bidenharris_debt_relief_plan/ Looks like we shouldn’t hear anything until Tuesday? The government presents their case by EOD today, then the suers present theirs by tomorrow EOD, then Wednesday we should hear something? If I’m summarizing this all correctly.
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Oct 24, 2022 19:12
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Epicurius posted:Some not for profits qualify for PLSF too. FilthyImp posted:The temp extension applies to all the time you made payments and we're at a non-profit though. So even if in a month you jump ship, the previous payments get counted towards the forgiveness threshold. What I'm saying is that I currently work for a nonprofit right now, and the job I have an interview for this Wednesday isn't a nonprofit job (as far as I know?). So the years I've been working at the nonprofit, yeah they count, but if I'm not actively making payments while working for a nonprofit I don't see it being anything meaningful in the long run. I did it anyway just in case I do end up at another nonprofit sometime in the future, but who knows.
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Oct 24, 2022 20:23
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Framboise posted:So the years I've been working at the nonprofit, yeah they count, but if I'm not actively making payments while working for a nonprofit I don't see it being anything meaningful in the long run.
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Oct 25, 2022 05:35
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I faxed my PSLF paperwork in today. I'm still hoping for Biden forgiveness. The crazy thing is I worked in my industry for 7 years after college before switching to academia and I will be in academia long enough to qualify in a year.
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Oct 26, 2022 00:11
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How likely is it we hear something today about the stay now that both parties should have filed for the 8th circuit?
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Oct 26, 2022 14:27
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Dr. VooDoo posted:How likely is it we hear something today about the stay now that both parties should have filed for the 8th circuit? Definitely possible. More likely tomorrow or possibly Friday because they are doing it en banc and not with a single judge. That can take longer, but they also can do it at whatever pace they want.
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Oct 26, 2022 14:43
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PSLF update: My consolidation application (Oct 12) finally got to Navient and they're now (Oct 27) working on it. The actual PSFL was submitted last quick so this is all going to be a hot mess of poo poo being finalized in a few months assuming I do get the loan forgiven. Feels silly as hell to be going through this poo poo for what's now less than $800 but if this is the hoops I need to jump for it, so be it.
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Oct 27, 2022 11:38
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One quick question to keep me from freaking out. I consolidated my loans years ago for PSLF. On studentaid.gov and on mohela.com I show two loans. One is labelled Direct Consolidated Subsidized, and the other is Direct Consolidated Unsubsidized. The Direct Consolidated Subsidized seems to comprise the 3 Subsidized loans I had in law school. The Unsubsidized includes Perkins, Grad Plus, and Direct Unsubsidized loans. Both show the same counts for PSLF forgiveness, but are technically counted separately each month. Am I good, or do I need to rush and fill out a new form today? My understanding is that since they are both direct consolidation loans, I’m fine. TheMadMilkman fucked around with this message at 15:47 on Oct 31, 2022 |
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Oct 31, 2022 15:44
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Getting sick of the blue balls from nothing being announced by the 8th circuit and each day that passes I get more and more nervous
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Nov 4, 2022 02:50
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Dr. VooDoo posted:Getting sick of the blue balls from nothing being announced by the 8th circuit and each day that passes I get more and more nervous If they have something to announce on a Friday you're not gonna like it.
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Nov 4, 2022 15:58
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