Talked to a PLSF employee today. Told me my employment certificate would be approved, but that with a graduated payment plan, none of my payments would qualify. Only 10 year repayment plan or Income based would count. I find this hard to believe. First, the 10 year repayment plan makes zero sense as you need 120 payments to qualify. With the graduated plan, I'm certain that I paid a higher monthly payment than some of the income based plans.
Has anyone gone through the PLF process with a graduated plan? I currently have MOHLEA for a provider, but some years ago when my loan was under another Fed Loan servicing company, I could view how many payments qualified. I believe this was 2010 when I checked and at the time, about 40 payments or so qualified. I have been paying on time with no interruptions since 2002. I suspect I'm darn close to having 120 qualifying payments. I just hope the payment history is thoroughly reviewed.
Thanks in advance for any help.
Income-driven repayment plans are the only ones that will work. It's spelled out clearly on the PSLF page of the Department of Education: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service
I sure hope they take the time to analyze the payments. If through the course of 120 payments I paid more total than an income based plan, why would I be penalized?? The amount forgiven is less not more. I understand needing to make a minimum payback each month, but if you exceed that amount, you should not be penalized.