I used your free tool to count my months accumulated towards forgiveness. Omg it's AMAZING and super easy to use and understand. God bless you for offering this for free. I'm super grateful I came upon this info before completing the Direct Loan Program application. By the way, in the info on how to use this tool it said to use a laptop or PC and not a mobile device but I used my android tablet and it worked great. Thank you, thank you, thank you!
You and your team are awesome for creating this! As much as I think I understand everything you said in the video, I still am not sure how to figure out how to calculate my own information.
Awesome tool and awesome work you’re doing! Here’s to you for filling/creating a role that is helpful, as well as likely fulfilling and hopefully profitable. Love it.
Urgent. I've been on REPAYE and then it was switched automatically to save. I have a loan at 2004 but was in school for ten years. Should I have chosen PAYE when I consolidated to get the 20 year for graduate loans
I created a spreadsheet for myself instead, but this visualization from your tool is super helpful. Thank you! I had a good year and a half in deferment on my loan, but I was also in school during that time if I recall. However, I also remembered that the agent back then advised me wrong to go deferment instead of forbearance. I asked to be in forbearance despite of in-school status because I knew that it might not count towards my PSLF, but the agent insisted that being in-school deferment should not be a problem. Do you think I'll be able to contest my situation? If so, I will be able to get forgiven by the end of this year. If not, I still have a year and half to go. Any thoughts is appreciated!
Wondering if you could dive into the implications of the count adjustment for PSLF? I have the impression the count adjustment applies on a different time line for the PSLF? I was in federal public service since 1997, paying on an extended plan. I just consolidated, and submitted my PSLF ER verification. So won't the count adjustment credit my years on the extended plan, and be forgiven under the 10 year timeline for PSLF?
Amazing tool - Thank you! Almost all of my payments since consolidating in 2015 are showing as deferment, but I have been on IDR the whole time. How can I have this corrected?
Hello, Im confused. I did your calculator, and I am unsure. I sent a request to speak with you about it. I really need you to respond, because I need to do my consolidation.
I have a loan that says its 265 months in repayment and 47 months in forebearance and 41 in deferrment. Does that mean I have at least 22 years of credit and possibly 25?
Great video ❤. My job is offering a simple IRA. Do you know if simple IRA is tax deductible and if it would reduce my adjusted gross income ? would putting $16000 in a simple IRA, reduce my monthly student loan payments ? Thanks
That may be considered "an above the line deduction". Speak with your tax pro to be sure. If it is, then it will lower your AGI and thereby lower your payment.
Is there any kind of help for parent plus loans? My husband and I are both over 65 and I’m disabled and haven’t been able to work since 2010. Our daughter that the loans were for doesn’t make enough money to support herself and pay back the loans.
In your first example, is it possible for her to consolidate and then take a hardship forbearance for the next 6 months.... and still qualify for forgiveness?
@stanleytate I'm counting a cumulative forbearance of 38 months. I'm worried my counts are off. Should I go into hardship forbearance now till IDR adjustment to be sure I'm over the 36months cumulative. I'm PSLF by the way.
Not much to know. It gets you out of default quickly. It’s super useful if you only have one loan. But if you have more than one, consolidating is often better because it ensures you get the max forgiveness credit.
My 23 year old student loan was totally forgiven. $53,000. God Be the Glory
Congratulations!
No, thank Biden.
Just tried it! It worked instantly, no glitches 😊 I will try on a laptop instead of my phone so I can scroll all the way to the right 🙌🏾🙌🏾
AWESOME TOOL ~ Amazing how you guys did that!!
I used your free tool to count my months accumulated towards forgiveness. Omg it's AMAZING and super easy to use and understand. God bless you for offering this for free. I'm super grateful I came upon this info before completing the Direct Loan Program application. By the way, in the info on how to use this tool it said to use a laptop or PC and not a mobile device but I used my android tablet and it worked great. Thank you, thank you, thank you!
Thanks for sharing. The education department updated their site to allow users to download the file from mobile devices.
You and your team are awesome for creating this! As much as I think I understand everything you said in the video, I still am not sure how to figure out how to calculate my own information.
Awesome tool and awesome work you’re doing! Here’s to you for filling/creating a role that is helpful, as well as likely fulfilling and hopefully profitable. Love it.
Thank you so very much! Just what I needed just to help me understand how much credit I may receive.
Urgent. I've been on REPAYE and then it was switched automatically to save. I have a loan at 2004 but was in school for ten years. Should I have chosen PAYE when I consolidated to get the 20 year for graduate loans
Free free? I’m gonna check it out now.
I need to scheduled a consultation.
What happens if it's a mix of undergrad and grad loans?
I created a spreadsheet for myself instead, but this visualization from your tool is super helpful. Thank you!
I had a good year and a half in deferment on my loan, but I was also in school during that time if I recall. However, I also remembered that the agent back then advised me wrong to go deferment instead of forbearance. I asked to be in forbearance despite of in-school status because I knew that it might not count towards my PSLF, but the agent insisted that being in-school deferment should not be a problem. Do you think I'll be able to contest my situation? If so, I will be able to get forgiven by the end of this year. If not, I still have a year and half to go. Any thoughts is appreciated!
Wondering if you could dive into the implications of the count adjustment for PSLF? I have the impression the count adjustment applies on a different time line for the PSLF? I was in federal public service since 1997, paying on an extended plan. I just consolidated, and submitted my PSLF ER verification. So won't the count adjustment credit my years on the extended plan, and be forgiven under the 10 year timeline for PSLF?
If you submit employment verification for PSLF it can be retroactive from Oct 1 2007 forward. You should be way over the 120 count now.
Amazing tool - Thank you! Almost all of my payments since consolidating in 2015 are showing as deferment, but I have been on IDR the whole time. How can I have this corrected?
You can reach out to the Federal Student Aid Ombudsman on StudentAid.gov.
Hello, Im confused. I did your calculator, and I am unsure. I sent a request to speak with you about it. I really need you to respond, because I need to do my consolidation.
suppose you were in default and were making forced payments through garnishment do those payments count
I have a loan that says its 265 months in repayment and 47 months in forebearance and 41 in deferrment. Does that mean I have at least 22 years of credit and possibly 25?
Great video ❤. My job is offering a simple IRA. Do you know if simple IRA is tax deductible and if it would reduce my adjusted gross income ? would putting $16000 in a simple IRA, reduce my monthly student loan payments ? Thanks
That may be considered "an above the line deduction". Speak with your tax pro to be sure. If it is, then it will lower your AGI and thereby lower your payment.
The program worked great
It did! It's great website, too! Runs smooth!
Is there any kind of help for parent plus loans? My husband and I are both over 65 and I’m disabled and haven’t been able to work since 2010. Our daughter that the loans were for doesn’t make enough money to support herself and pay back the loans.
Deadline is tomorrow morning for the Adjustment. Can you fit me in for a fee?
How can someone reach you in regards to questions and further help.
You can use this link to book a 1:1 consult with Mr. Tate: www.tateesq.com/book-a-call
If you consolidate on loans that are mixed with subsidize and unsubsidized do you lose the subsidized benefits
Can you look at my student loans? I think I should be forgiven
In your first example, is it possible for her to consolidate and then take a hardship forbearance for the next 6 months.... and still qualify for forgiveness?
Hardship forbearance does count towards IDR forgiveness, so yeah, it could work.
@stanleytate I'm counting a cumulative forbearance of 38 months. I'm worried my counts are off. Should I go into hardship forbearance now till IDR adjustment to be sure I'm over the 36months cumulative. I'm PSLF by the way.
I was able to successfully upload my txt file. Unfortunately I am unable to see the repayment overview section.
Please help.
Do you think that the time gamed for consolidating and getting credits outweighs the issue of capitalized interest which will increase the balance?
Hi, What do you know about the fresh start program?
Not much to know. It gets you out of default quickly. It’s super useful if you only have one loan. But if you have more than one, consolidating is often better because it ensures you get the max forgiveness credit.
You website does not have a scroll bar. I cannot get the information to come up past the bubbles that show my information????
Try from a desktop. It doesn’t work on mobile. There are scroll options on desktop,
Do you have an iPhone? I rotated the phone to landscape view and was able to scroll all the way to the end.
it doesn't work on laptop either
When will this forgiveness be applied?
By this July.
How do I get to try this free tool?
It's on our website here: www.tateesq.com/tool/student-aid-txt-file-reader
I want to work for you!!Mad respect and I'm passionate about this too !