Last post by cyberdot39 - September 08, 2019, 03:50:06 am
Just curious if anyone has heard of The Document Department? I know someone who used them last year. They said that are on the repaye and lowered their monthly payments. But they paid them to do it. Supposedly it was because they took care of everything for them.
Thank you. I finally got a straight answer that summed up to this: Due to applying for a TPD discharge, they are unable to calculate the application until after there is a verdict. Should my discharge be denied, I am to contact them ASAP and let them know so they can continue on the IBR request. If I have any paperwork come in saying I owe any amount before the request is completed, I will be put on a 30 day forbearance while they complete the request.
I thank you for your advice, and I have kept screenshots, paperwork, and employee ID numbers just in case.
Last post by 2mkb1 - September 06, 2019, 08:27:34 am
For a direct consolidation loan the standard repayment is 10 to 30 years depending on the amount of the total loan debt, if you owe between 20000 and 40000 the standard repayment plan is 20 years. I thought that if I switch to that plan I would have the whole 20 years but Mohela says because I used 10 years already since I consolidated I can only have another 10. so I am asking if that's correct that I really can't have the whole 20 years if I switch to the standard plan? I also want to know that if I do consolidate the subsidized and unsubsidized to loans together then could I have the whole 20 years to repay? Thanks for your help!
What loans do you have? Are you considering re-consolidating again?
The standard 10-year plan pays off your loan balance in the 10 year period of time, and it's typically the plan with the highest monthly payment.
There are different 20 year options - the extended plan, which pays off the balance in full by the 20 year mark. There is also the income-driven plans, which you may be on one already. Those give you forgiveness of any remaining balance at 20 or 25 years based on your loans.
Last post by 2mkb1 - September 06, 2019, 07:27:29 am
I am considering switching to standard repayment for my direct consolidation loans after being on IBR since 2013. My current balance is 24000. I expected to be able to do the 20 year standard for consolidation loans but Mohela says since the loans were consolidated in 2009 my repayment plan on standard will only be for 10 years since 10 years are already up. Does that sound correct? I asked at studentloans.gov and was told to talk to mohela. It looks like I can consolidate my subsidized and unsubsidized loans now and if I do that, would it allow a new 20 year payment plan? I'll probably just keep the 10 year plan now anyhow, and try to squeak out the extra 100 a month, but I want to know all my options.
I had a loan that consisted of three separate FAFA loans with Great Lakes Borrowing Company that I started paying the last two months. I suddenly recieved letters from myFEDLoan that the loans with Great Lakes were consolidated and now held with FEDLoan. I looked at my Great Lakes account and it shows they were consolidated and played off. How did this happen? I called FedLoan and they said they received a fax with all my personal data which includes SSN to take over loans. Has my SSN been compromised? Why would anyone initiate FEDLoan to take over my loans from Great Lakes?
Last post by Dkenos - September 03, 2019, 05:39:33 am
I contacted customer service today, and the man I spoke to said the reason for the late notice I am seeing is because the website is not up to date with the information they have. They say they got my paperwork and they were working on it....but as soon as I looked up my account again, the status for the last form I handed in went from "recieved" to "You missed your re-cert date" again. I just don't know who to believe, and what to do besides taking screenshots of the rapid changes to hold onto in just in case.