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This thread being sticky'd had me hopeful that the income form has gone live. I'm guessing if it hasn't happened yet it probably won't be today.
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Oct 3, 2022 19:00
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I stickied for visibility but as soon as it's live I'll change the title
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Oct 3, 2022 19:37
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I sent in pslf waiver forms over a month ago and have not heard back a single thing. Don’t know if they even received them. They’re saying up to 3 months processing time. I dunno how that’s gonna work if there are any erroneous denials due to employer verification or what not. Everything postmarked by oct 31 supposedly counts though.
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Oct 3, 2022 19:59
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The French Army posted:Is there a list of what states are going to tax the federal loan forgiveness as income? I heard some are but some aren't. There's 19 states where it is either up to the department of revenue or the legislature to include a provision in their budget on whether to follow the federal government's lead. So far, the states that have announced that they plan to tax the forgiveness are: - Indiana - Arkansas - Mississippi The following states have laws requiring them to tax the forgiveness, but the governors say they will include a provision in the 2023 budget that exempts it. - Wisconsin (Unclear if Republican legislature will support) - Minnesota (Legislature will support) - North Carolina (Unclear if legislature will support) - California (they say that California law already requires loan forgiveness be tax free, but only if part of an income-driven loan. Governor and legislature both say they will exempt in 2023 budget if law doesn't apply to current forgiveness)
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Oct 3, 2022 21:24
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Thanks for sticking and managing the thread. Fingers crossed republicans don’t ruin this. I can definitely benefit from having 15k wiped out.
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Oct 3, 2022 23:10
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buglord posted:Thanks for sticking and managing the thread. Fingers crossed republicans don’t ruin this. I can definitely benefit from having 15k wiped out. My dude, they wiped out over a million E: Oh sorry thought this was the Covid thread
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Oct 4, 2022 00:51
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Is the form up yet to submit for it ? It just says October?
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Oct 4, 2022 03:08
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Hollismason posted:Is the form up yet to submit for it ? It just says October? Not yet. I haven’t heard anything else besides “October”. Hopefully sooner than later.
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Oct 4, 2022 03:35
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Thanks for answering everything I had in mind. It's surreal that I got an undergrad and graduate degree at state schools for what now amounts to the price of a monthly media streaming budget. The $20k discount didn't matter that much to me, but the IDR plan is a life saver. Stoked.
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Oct 4, 2022 04:50
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I had read that if I already filed my taxes in 2020 and 2021, I pretty much don't need to worry about anything, all of this should be taken care of automatically, is this true or we don't really know yet?
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Oct 4, 2022 05:41
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Are you on a pay as you earn repayment plan?
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Oct 4, 2022 05:48
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buglord posted:Are you on a pay as you earn repayment plan? I've been on the normal default payment plan for the last 6 years, so whatever Great Lakes sets it to once you graduate from college. But I have been very privileged to be able to pay off basically all of the interest and a bunch of the loans already, I got my student loan from $56,000 down to $16,000 and then stopped because I didn't need to start paying it back again until sometime in 2024 because I was so far ahead (they called me and acted very annoyed because the profit is in the interest, they were not happy about what i was doing lol), and also because the pandemic putting a freeze.
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Oct 4, 2022 05:54
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I said come in! posted:I had read that if I already filed my taxes in 2020 and 2021, I pretty much don't need to worry about anything, all of this should be taken care of automatically, is this true or we don't really know yet? Only if you provided your taxes to the DOE or verified your income with them in some way for 2020 or 2021 (FAFSA, IBR certification, etc.). Just filing them to the IRS doesn't mean it will happen automatically.
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Oct 4, 2022 06:07
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Leon Trotsky 2012 posted:Only if you provided your taxes to the DOE or verified your income with them in some way for 2020 or 2021 (FAFSA, IBR certification, etc.). Thank you, that answers my question. I will have some paperwork to fill out then.
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Oct 4, 2022 06:08
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Forgive me if this was already thoroughly answered but all this information is overwhelming. I’ve been doing PSLF and income based repayment for a few years. I have federal grad loans that just switched to MOHELA. I can’t get them on the phone to see what they need me to submit that hasn’t been transferred. The unskippable intro announcement takes a hundred years and then the wait times are like 1-2 hours. Should I recert my income and upload it? Will I still be making ungodly high monthly payments like before or will the disposal income thing someone mentioned apply?
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Oct 4, 2022 13:45
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KIT HAGS posted:Forgive me if this was already thoroughly answered but all this information is overwhelming. I’ve been doing PSLF and income based repayment for a few years. I have federal grad loans that just switched to MOHELA. I can’t get them on the phone to see what they need me to submit that hasn’t been transferred. The unskippable intro announcement takes a hundred years and then the wait times are like 1-2 hours. The new IDR plan isn't available until May/June 2023. When it is, then you can switch over. You could apply for a current IBR plan that has a 10% disposable income cap instead.
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Oct 4, 2022 15:36
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What if i defaulted and the irs took my tax returns from previous years for my student loan debt. Can i refund that poo poo!?
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Oct 5, 2022 20:00
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ShortyMR.CAT posted:What if i defaulted and the irs took my tax returns from previous years for my student loan debt. Can i refund that poo poo!? Not unless they were your 2021 tax refund and they somehow accidentally collected them during them student loan pause.
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Oct 5, 2022 20:04
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>:^I Man
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Oct 5, 2022 20:27
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I didnt even know you could default on your student loan, I thought that wasn't possible.
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Oct 5, 2022 20:30
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I said come in! posted:I didnt even know you could default on your student loan, I thought that wasn't possible. same, I would have given up years ago
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Oct 6, 2022 00:08
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I said come in! posted:I didnt even know you could default on your student loan, I thought that wasn't possible. What did you think happens if you refuse to pay them? To be fair, it is pretty hard to get them into default if you are trying not to. You usually have to go at least 270 days without paying, not contact your lender, have no extenuating circumstances, and not set up a payment plan with your lender. It usually happens when people just stop paying and don't contact the lender/ignore their calls and mail.
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Oct 6, 2022 00:14
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Email from DOE said that applications would be open “later this month” I want it now please 
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Oct 6, 2022 00:14
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buglord posted:Email from DOE said that applications would be open “later this month” DOE asked for an expedited ruling on the injunction request from the 6 Republican states that are suing. They promised not to forgive any student debt before the October 17th ruling in the filing. That doesn't necessarily mean that the form won't go up until then, but it is possible that it is delayed until after the 17th.
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Oct 6, 2022 00:20
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So do injunctions basically stop things from going forward until they’re settled in court? And if that’s the case, if the ruling is delivered by the 17th saying the loans can be forgiven, can another Republican state or entity place another injunction right after? Also what are the chances the courts side with the 6 states
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Oct 6, 2022 01:08
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buglord posted:So do injunctions basically stop things from going forward until they’re settled in court? And if that’s the case, if the ruling is delivered by the 17th saying the loans can be forgiven, can another Republican state or entity place another injunction right after? - If they do get an injunction, yes. - If they don't, then they can't implement another one from a different lawsuit. - I'd say probably low, but who knows? The judge is a GWB appointee, but was a largely uncontroversial local judge in Missouri before he was nominated.
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Oct 6, 2022 01:12
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I thought it was pretty much impossible to stop an executive order from the president, but I guess we will find out soon enough! Also since these are federal loans, why would states even care? What right do they have to even challenge this?
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Oct 6, 2022 04:53
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I said come in! posted:I didnt even know you could default on your student loan, I thought that wasn't possible. I didn’t pay my student loans for a long rear end time because I was dirt poor and that led to being threatened with loan default in Jan 2020. Then March happened and loan repayment was paused indefinitely. Now I get to huck all that stupid debt into the ocean with my old car batteries. So what I’m trying to say is thank you pandemic for the perfect timing and clearing 17k!
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Oct 6, 2022 06:59
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Probably a profoundly dumb question, but are Great Lakes-serviced loans federal or private? I would like to not owe any money.
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Oct 6, 2022 12:37
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Slugworth posted:Probably a profoundly dumb question, but are Great Lakes-serviced loans federal or private? I would like to not owe any money. federal, I’m almost certain. You can check by logging into your account at either greatlakes or studentaid.gov and seeing if the titles have “dept of education - greatlakes ” in them
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Oct 6, 2022 12:40
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I said come in! posted:I thought it was pretty much impossible to stop an executive order from the president, but I guess we will find out soon enough! Also since these are federal loans, why would states even care? What right do they have to even challenge this? Because the GOP platform is based entirely upon not allowing Biden to achieve anything whatsoever.
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Oct 6, 2022 13:05
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I have a Parent Plus loan for my youngest son. He also has some Sallie Mae loans in his name. According to the Parent Plus loan servicer, because we are technically two different borrowers we will both be eligible for the $10k. That sounds too good to be true.
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Oct 6, 2022 14:39
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ncumbered_by_idgits posted:I have a Parent Plus loan for my youngest son. He also has some Sallie Mae loans in his name. According to the Parent Plus loan servicer, because we are technically two different borrowers we will both be eligible for the $10k. That sounds too good to be true. Nope. That is accurate. As long as neither of you made more than $125k or $250k (filing jointly) in 2020 or 2021, then you both are considered distinct borrowers and eligible for a separate forgiveness for each loan.
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Oct 6, 2022 14:41
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Reiche posted:I didn’t pay my student loans for a long rear end time because I was dirt poor and that led to being threatened with loan default in Jan 2020. Then March happened and loan repayment was paused indefinitely. Now I get to huck all that stupid debt into the ocean with my old car batteries. it’s a christmas miracle
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Oct 6, 2022 19:17
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I said come in! posted:I didnt even know you could default on your student loan, I thought that wasn't possible. I defaulted like half a decade ago because I was a dumb anxious kid who just ghosted any and all loan paperwork after roughly four years of community college. at some point they just started taking my tax refund every year and I've always been a broke bitch so I just kind of... uhhh.. got used to the idea of never seeing one again for the next twenty years  Then COVID happened and I was pleasantly surprised to actually have refunds again, tbh I thought they'd made a mistake or something initially until I found out about the pause thing. It's looking like I might actually qualify for the full 20k so definitely bookmarking this for future reference
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Oct 7, 2022 03:28
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I said come in! posted:I didnt even know you could default on your student loan, I thought that wasn't possible. Its a nifty trick i call "being unemployed for over 2 years with zero income" Who woulda guessed going to school doesn't guarantee a job! But anyway, yes plz pay my debt mr prez
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Oct 7, 2022 10:24
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That September 29th deadline on FFEL loans owned privately (Navient) is a kick in the balls. The problem with a direct loan was I could not get any solid info if just moving it through theh dept of edu to Aidvantage would do it. So I waited instead of possibly just moving it and goofing things up.. And now I got screwed. This is generating so much hate.
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Oct 7, 2022 21:50
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it’s weird because, if we consolidated a former federal loan away from a private ffelp into an eligible loan type, the services of the ffelp would get cash. Like the new consolidation company would pay them. the former private ffelp firm would miss out on some years of interest though so I guess gently caress us, random cut off date
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Oct 7, 2022 21:57
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Smuggins posted:This is generating so much hate. Don’t blame the people actually trying to do it for all the people left behind. Blame the people who don’t want loan forgiveness at all, and are trying to kneecap it an make it painful as possible in order to generate hate.
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Oct 7, 2022 23:48
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poisonpill posted:Don’t blame the people actually trying to do it for all the people left behind. Blame the people who don’t want loan forgiveness at all, and are trying to kneecap it an make it painful as possible in order to generate hate. Yeah, the people trying to stop this are massively evil.
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Oct 8, 2022 01:34
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