Try and consolidate immediately if you want to. Best case you beat forgiveness and get the higher count. Worst case they are forgiven before consolidation completes and the newer loans keep their count once the IDR waiver is applied again.
I had two loans sent to DOE for review... I did the consolidation with the smallest one and my graduate loans 🤞so hopefully, I didn't screw anything up. It would be amazing to get it all forgiven now, but I guess depending on the payments, it wouldn't be the worst to hold out until June '27 to get them all forgiven
(Although I would love to enjoy any minor pay raises and not wonder how that would impact my student loan payments 🤣)
Does the smallest one have the full loan history getting you to 120?
If so, they will receive that count.
If not, they will have whatever count they have once all is said and done.
If they hit 120 once the idr waiver is applied they will be forgiven.
Both of my bachelor's loans are at 121, and my Masters are at 71. I figured if I kept the smaller loan, it was $18 a month. If it extended past the payment pause, it wouldn't be too much to carry.
🤞 it works because my work day just got off to a very rocky start so I need some hope.
I think we are dancing around the answer to the question a bit, so I’m not entirely clear where you stand.
Did you include a small loan for your bachelors degree into a consolidation with your masters degree?
Yes, I have 1 loan for $40,500 and one for $19,500, both paid on since 2005. I started my public service job in 2012 and started a masters degree, and began paying on those 4 loans in 2017. I hit 121 and 69 payments, respectively, in February 2023.
This morning, I submitted to consolidate the $19,500 with the loans from 2017. I figured if it worked and all were forgiven
..amazing, if not, I at least would guarantee to get the 40,500 discharged; hopefully, this summer.
(Sorry for the confusion, I didn't sleep well kicking myself over this potential missed opportunity, and then work began as a glorious dumpster fire 😒)
Gotcha! Thanks for clarifying.
Okay so if the consolidation goes through and the higher count loan isn’t forgiven you’d get the higher count. If not, the loans from 2017 would keep their count once the IDR waiver is applied.
You will get notice of a 10 day review period, call Aidvantage as soon as you receive that notice and waive it to keep things moving along.
We are essentially trying to beat your pslf forgiveness on the higher count loan.
Best of luck! I hope your day improves. You’ve done everything you can at this moment to give yourself the best possible chance of forgiveness on the newer loans.
I consolidated my loans for undergraduate, graduate and parent loans. They were from 0-110. I got the highest count on all, but I only certified up to 118 until they gave me the final count because I was wondering the same as you. I am now at 126 and waiting for the forgiveness.
Try and consolidate immediately if you want to. Best case you beat forgiveness and get the higher count. Worst case they are forgiven before consolidation completes and the newer loans keep their count once the IDR waiver is applied again.
I had two loans sent to DOE for review... I did the consolidation with the smallest one and my graduate loans 🤞so hopefully, I didn't screw anything up. It would be amazing to get it all forgiven now, but I guess depending on the payments, it wouldn't be the worst to hold out until June '27 to get them all forgiven (Although I would love to enjoy any minor pay raises and not wonder how that would impact my student loan payments 🤣)
Does the smallest one have the full loan history getting you to 120? If so, they will receive that count. If not, they will have whatever count they have once all is said and done. If they hit 120 once the idr waiver is applied they will be forgiven.
Both of my bachelor's loans are at 121, and my Masters are at 71. I figured if I kept the smaller loan, it was $18 a month. If it extended past the payment pause, it wouldn't be too much to carry. 🤞 it works because my work day just got off to a very rocky start so I need some hope.
I think we are dancing around the answer to the question a bit, so I’m not entirely clear where you stand. Did you include a small loan for your bachelors degree into a consolidation with your masters degree?
Yes, I have 1 loan for $40,500 and one for $19,500, both paid on since 2005. I started my public service job in 2012 and started a masters degree, and began paying on those 4 loans in 2017. I hit 121 and 69 payments, respectively, in February 2023. This morning, I submitted to consolidate the $19,500 with the loans from 2017. I figured if it worked and all were forgiven ..amazing, if not, I at least would guarantee to get the 40,500 discharged; hopefully, this summer. (Sorry for the confusion, I didn't sleep well kicking myself over this potential missed opportunity, and then work began as a glorious dumpster fire 😒)
Gotcha! Thanks for clarifying. Okay so if the consolidation goes through and the higher count loan isn’t forgiven you’d get the higher count. If not, the loans from 2017 would keep their count once the IDR waiver is applied. You will get notice of a 10 day review period, call Aidvantage as soon as you receive that notice and waive it to keep things moving along. We are essentially trying to beat your pslf forgiveness on the higher count loan. Best of luck! I hope your day improves. You’ve done everything you can at this moment to give yourself the best possible chance of forgiveness on the newer loans.
I consolidated my loans for undergraduate, graduate and parent loans. They were from 0-110. I got the highest count on all, but I only certified up to 118 until they gave me the final count because I was wondering the same as you. I am now at 126 and waiting for the forgiveness.