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21
Ask a Question / Re: I sent my IBR plan before ...
Last post by Dkenos - September 01, 2019, 07:51:10 am
Edit:  The website said that I needed to hand it in so it would be completed by 9/23/19, and now the website says they will get back to me by 9/17/19 (they added a day?) Also, I had my e-mails from FedLoan set as not being spam, so if they did send something, it would be in my inbox. This leads me back to the question of weather or not the Forbearance is the reason I didn't recieve a message during this time, and if this happens regularly when a forbearance goes into effect around a re-cert date. 
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Ask a Question / Re: I sent my IBR plan before ...
Last post by Dkenos - September 01, 2019, 02:47:42 am
Quote from: TheCollegeInvestor on August 31, 2019, 08:51:29 pmThey should send a letter if you opt for paper statements, or an eNotice if you have electronic statements. Is there anything in your FedLoan secure mailbox? Sometimes the email may go to spam and you need to check your secure mailbox on their website.

I went paperless so there is no physical mail, and I did not receive an e-mail telling me it was time to re-apply.  As you can see, the last letters I received from them was informing that my forbearance was going into effect.  There was no other notification.   
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Ask a Question / Re: I sent my IBR plan before ...
Last post by TheCollegeInvestor - August 31, 2019, 08:51:29 pm
They should send a letter if you opt for paper statements, or an eNotice if you have electronic statements. Is there anything in your FedLoan secure mailbox? Sometimes the email may go to spam and you need to check your secure mailbox on their website.
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Ask a Question / Re: I sent my IBR plan before ...
Last post by Dkenos - August 31, 2019, 09:07:51 am
Quote from: TheCollegeInvestor on August 31, 2019, 07:56:17 amHave you already applied for TPD Discharge? If so, you won't go into default.

Second, there is no soft deadline. If you submitted it online, it's time stamped. And if they don't honor it, you file a complaint with the ombudsman. If you mailed it with proof of delivery, you have the proof.

Note: You only go into default after missing payments for over 320 days, so you really don't have to worry about wage garnishment in any circumstance unless there is missing information here.

I already did apply, yes.  And the deadline is where it gets weird.  Yes, I did submit it, and studentloans.gov sent an e-mail time stamped saying when they got it.  And yes, FedLoan sent a time stamp also saying they received it, over 16 hours before the deadline.  I went back on to do a second one, and there was this message now saying that it needed to be completed before 9/23/19.  So I did it, and again, I got time stamped e-mails from both organizations.  It's now back to received status, with the followup now being 9/16. 

I also would like to know if it's legal for them to not send any reminders that a persons re-cert is due?  I got nothing in the mail, nor e-mail, and if I didn't get the nagging feeling of asking, wouldn't have gotten it done when it did.  I never not recieve a letter from them telling me the re-cert day was coming up before, and outside of the TPD forbearance, I don't see why they didn't now.
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Ask a Question / Re: I sent my IBR plan before ...
Last post by TheCollegeInvestor - August 31, 2019, 07:56:17 am
Have you already applied for TPD Discharge? If so, you won't go into default.

Second, there is no soft deadline. If you submitted it online, it's time stamped. And if they don't honor it, you file a complaint with the ombudsman. If you mailed it with proof of delivery, you have the proof.

Note: You only go into default after missing payments for over 320 days, so you really don't have to worry about wage garnishment in any circumstance unless there is missing information here.
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Ask a Question / I sent my IBR plan before the ...
Last post by Dkenos - August 30, 2019, 02:35:45 pm
I am on an IBR plan for my student loans, and recently am applying for a TPD discharge.  The 120-day forbearance went into effect in June, and has gone through my re-cert due date.  I receieved no letters or e-mails reminding me to re-cert (I think because of the forbearance) and only found out when I logged in to ask.   

I finished it over 24 hours before it was due and it was received hours before the deadline, but they claim I missed the "soft deadline" because of processing time or some stuff.   Not only that, but because I'm in forbearance, the application is "On hold" until there is a verdict, and they want me to contact them if my discharge was declined to have it processed  (the woman I talked to told me I didn't need to re-apply). 

The forbearance ends 11 days before the hard deadline, and no one answered what changes might happen with my IDR plan if it's still approved, or if the woman I talked to was lying.  I need professional opinions please, as well as knowing how much of my paycheck will be garnished if it has to go into default because the calculators I find won't go by PA 10% cap and fluctuating annual income from a 9-10 month only job. 
27
Ask a Question / Re: bachelors prior to 1998, r...
Last post by TheCollegeInvestor - August 27, 2019, 08:29:42 am
Every law/change that happens with student loans has a start date. Teacher Loan Forgiveness is 1998.

Public Service Loan Forgiveness is a viable option - even though it takes longer, it's total forgiveness that's tax free!

You may need to consolidate those old loans to qualify, but it's a solid plan. Check out the full guide here: Public Service Loan Forgiveness.
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Ask a Question / bachelors prior to 1998, recen...
Last post by jodirudolph - August 26, 2019, 01:11:38 pm
Is anyone able to explain the reason for loans prior to 1998 as a dis-qualifier for Teacher Loan forgiveness? I have been faithfully paying on loans for my bachelor's degree, and recently completed a master's degree with qualifying employment. I was encouraged to apply for teacher loan forgiveness by 3 reps from Greatlakes, only to be denied. Initially, the reps told me that my master's would qualify. Of course, application was denied. Any options out there available to me? 
29
General Discussion / Re: Default d Student Loan
Last post by TheCollegeInvestor - August 26, 2019, 09:48:27 am
It sounds like you were on a rehabilitation plan at some point, but didn't finish it or didn't get your loans transferred back to a loan servicer. You need to pull your credit report, understand who holds your debt, do all contact in writing via certified letter, and maybe even consult a lawyer who understands student loan debt.
30
General Discussion / Default d Student Loan
Last post by KK - August 26, 2019, 03:42:27 am
I have an old defaulted student loan that I discovered was taking everything being paid going towards the interest and fees and no money going towards the principal. Every time I tried to speak to someone about this they were rude to me and told me that I either needed to pay several hundred dollars per month more or else make one lump sum payment to pay off my loan at one time. Neither of which I could afford. Except for daily phone calls harassing me for more money, I receive every once in a while a statement telling me I owe some outrageous sum of money that wildly fluctuates from on month to month from this company. I asked for, and finally received a copy of my student loan file. It had paperwork in it in which I agreed to make payments dating back to 1997 for an amount which was far less than what they are taking from me now. I never saw such paperwork, nor received any coupon book or any kind of information detailing where to send in those payments, etc. I would never have agreed to any of that because I was pregnant with my second child that year and would not have been able to keep up with those payments at that time. About three years ago I did make a deal to have extra money withdrawn from my checking account on a monthly basis consistently for one calendar year, in which my loan would get out of default and I could get on a payment plan and finally get everything back on track. But this was too good to be true. The loan company stopped taking money out of my account just short of the year, waited a couple of months, took out money for a few more months and then stopped altogether. No one informed me as to why they did this. Unless I can somehow come up with a lump sum payment I am apparently doomed. What kind of attorney do I need to help me handle this? I want to pay my loan but I have been paying for over 20 years and nothing has gone towards the principle. The loan company won't tell me what they he interest rate I am paying or fee rate or anything. I believe I am being scammed.
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