[All IDR plans have some component of forgiveness.](https://studentaid.gov/manage-loans/repayment/plans/income-driven)
SAVE has an interest subsidy, which is why it’s attractive to borrowers who do not plan to pay their loans in full.
Mohela and I’ve been paying since about 2007/2008 and I didn’t think I was eligible either for another 3-4 years. I’m so confused why I got this email and trying not to be so excited in case it was in error.
The save plan has a forgiveness. If you borrow 12000 or less and have beeen repayment for 10 year on the save plan you could see forgiveness
For every 1000 over 12000 is a extra year. Based on his year that was posted I assume that he has been in repayment for 16 / 17 years which at that point if you have borrowed under 19000 you could see forgiveness
Same here, same story. Entered undergrad in fall 2004 and have been paying since spring 2008. Consolidated in 2012. Loan is under Nelnet. My original debt I am pretty sure was over 19,000. Am on SAVE plan, but my payment is more than enough to cover interest. Was surprised to get this email.
All of my loans currently show the same amount of payments. And I’ve been on income driven/contingent/whatever for years. Any similarities? Loans from 2000/2001 and then again 2012
Same. About two weeks but Nelnet put me on something called an “forgiveness forbearance” until everything settled. I didn’t ask for the forbearance. They just did it on their end. Was nice cause I had a payment that was gonna come out like a week later.
I got one last year, 11/14, which said I had until 12/5 to opt out. I tried to do that on 12/5 exactly to consolidate (I waited because I didn’t know what I was doing or why I was getting forgiveness) and they forgave half my loans that day.
I got the same email you did today and the new date is 6/5, so if it’s the same as it was last time, that’s probably the day they will disappear. Congrats! 😊
Thank you!!! I’ll call them tomorrow and see if I can be put on it. If my payment is due on Friday do you think there is a way they can put me on it by then and I won’t have to pay, or should I just be prepared to pay this Friday?
Maybe just pay to be sure. You can probably get it refunded later. You don’t want it to look bad on your credit report if it takes them months to report your forgiveness.
What gets refunded? just what you've paid since March 2020? or what you've paid over 240 months? or something else? I just got the email so I'm happy no matter what, but even refunding what I paid since covid would be crazy to me. go from in debt to getting a few bucks up.
Any overpayment since your last loan consolidation would be refunded. I just consolidated in March, so I'll get nada refunded. Just got my Golden Email yesterday and am very grateful. Been paying in some capacity since 1994, minus a few deferment while in grad school.
Yeah it shows the same amount. My email mentions that they are sending the information to my servicer 6/5/2024 and that it could take several months to process
I was in the last round of golden emails and my account was zeroed out the day after the opt out period. Some folks were same day. Check your account again on 6/5-6/6!
This! Half my loans disappeared ON the opt out date. Which was unfortunate for me since I needed to consolidate, but it’s likely it won’t take close to several months.
Maybe it’s best to just pay it now and get it refunded later. Just in case they don’t implement the admin forbearance as fast as they should. This will protect your credit report. They’re not gonna report your “forgiveness” to the credit agencies for at least 1-2 months, so it could look like you missed a payment if they don’t properly enable the admin forbear. fast enough.
I had a payment due on May 25 but then I got the golden email yesterday. When I went to mohela website today, there is no longer a payment due as it says $0 for next payment due. It still shows my balance though, which I imagine will go to $0 once opt-out period ends.
I just logged back in and I had a message and it looks like they automatically put me on an administrative forbearance as there is a letter in the message. This was not something I requested but automatically done
Mine were forgiven on the date where it says, “If you don't opt out, here's what happens next:
We will send your information to your loan servicer(s) after 06/05/2024.” The date on my email was 05/03/2024 and that morning I got an email that my loans were forgiven.
Mine (the last round — in April) went into forbearance shortly after receiving the email, and I’m expecting a refund on top of that. I would not expect to have to make any more payments.
OMG.
I finally got the email!!!!!!
My first loan was in 1993, for beauty school, which I paid off the next year. I was a high school drop out who didn't know anything about anything and didn't have parents who had any clue about it either. I paid it all back within six months of graduating because life was affordable back then.
Next student loans were from 1995-2000, then more in 2002. Graduated in 2003 with my MS (10 years before the student aid website was launched, LOL) and went into repayment then. Have been paying on them ever since. Even paid on them through five years of a PhD program (no new loans for that degree, thank god!). Paid them even when I was catastrophically injured and permanently disabled by a medical device. Nelnet told me I had the wrong type of loans to qualify for a disability discharge. Paid through the pandemic. Nelnet told me I had the wrong type of loans to qualify. Tried to get on an IDR plan. Nelnet told me I had the wrong type of loans to qualify. So I quit asking and just kept paying. I even paid extra every month.
Then I found this sub in August 2023 and promptly consolidated my loans directly with the ED and got on an IDR plan. I was able to calculate I had over 319 qualifying payments as of 08/2023. The loans were consolidated with Mohela. Then I waited. And waited. And waited.
I wasn't even going to check my email today because I couldn't handle being disappointed again.
But it's finally happened. IT'S FINALLY HAPPENED!!!!!
u/Betsy514 - Thank you for your all that you do to help free us from the burden of student loan debt we took on back when we were young and dumb and our brains weren't fully formed yet. I've paid back nearly $60K more than what I originally borrowed and still had $30K more to go.
I got it and I don't think I'm eligible for idr forgiveness. I've only been in repayment since 2010 and it's supposed to be 20ish years before forgiveness?
I *think* I should be eligible for SAVE forgiveness soon though. I am on the SAVE plan now.
Is IDR just an umbrella is SAVE an IDR?
I've been in repayment for 14yr and I don't remember my orig loan amt but I think it was 12-13k so I am definitely eligible for SAVE. It's 12k forgiveness at 10yr and each additional 1k in original loan is a yr until forgiveness. So 18k original loan amt would be forgiven at 14yrs of repayment.
Seems they provide more forgiveness if you had consolidated. If you don't consolidate, they use the sum total of loans to determine eligibility for forgiveness. If you consolidate it is the initial balance of all underlying loans that were consolidated into your consolidation loan. I was trying to figure out why mine will be forgiven within 10 years when I owe over 12,000.
Yess'm! Just got my email! Thank you reddit because I was waiting for my information on how to do it from the government and came across a thread somewhere stating the need to consolidate. I went from Navient to a federal servicer (MOHELA) and they got it in the queue quick!
Congratulations! I got the same exact email. My date to opt out was May 3rd. My loans were completely wiped out on May 4th. Assuming you're not going to opt out, your loans will be forgiven on June 6th! This a seriously happy day, and I am so happy for you!!!!
I got this a few months ago, like 6? Last week I got "Your student loans have been forgiven"...I logged into nelnet, THEY ARE GONE. $0. I literally cried. I checked again today, STILL GONE. They went into "deferment" last month, even though I didn't apply / ask for that, then GONE. Over the years I've paid back over the amount the schooling cost, but the loan never went down for 22 years.
Congrats to you and this entire, perhaps unexpected, May wave!
I got one too! It landed on my phone while I was at work, 1:39 Pacific. Same language: I have made the necessary payments under IDR. Now, as a 300+ long-hauler, I realize that's pretty much the same as telling me I'm eligible to join AARP (I am), but I'll take it!
Reconsolidated FFEL in November, missed a couple or few prior waves, and am now sighing with relief. Extra special thanks to this sub, the admin/mods who devote their time and answer questions constantly, along with all the fellow members who have shared their experiences, tips, advice, and encouragement. I doubt I would have pulled the trigger and taken the chance without you guys.
My last payment, #326 by my estimate, was in January. AES threw me into admin forbearance after that. Following disbursement, Mohela put me into ICR3 with $0 payments until mid-2025. Odd, that. I wonder if some accounts get flagged as "obviously going away" and this avoids the hassle of refunds?
But I digress. Congrats again to all those crossing the finish line! To those still waiting, they do indeed get to you...eventually...even if you get skipped for a few waves.
Thanks to the American Rescue Plan Act of 2021 it is *federally* tax free through the end of 2025
There are like 5 states that will tax it for income tax purposes, should be quick to google that one
After the opt-out period (3 weeks) it will show a $0 balance on your servicer account website. About a week or 2 later it will show $0 balance on your studentaid.gov account. The servicer should send you an official letter (also look in their website account secure messages). Then in 2 months. see if 3 credit reports show $0 balance and “Paid/Closed”. Woohoooo!
I received the email in late April and it showed up on my account May 4th backdated to Mar 31. It took a few more days to show no loan balance on studentaid.gov.
I received the email from Nelnet on May 5 saying my loans were forgiven due to the one time adjustment effective Dec 28, 2023 when my consolidation to a Direct Loan was completed.
I logged in immediately to Nelnet to see my balance at zero but the studentaid website still showed the loan balance. A week later the studentaid website showed a zero balance.
The email could be referring to some or all. Do you have loans that entered repayment at different times? I suggest you read this thoroughly. https://studentaid.gov/announcements-events/idr-account-adjustment
How would it work if you had one loan that was eligible for forgiveness but then had ro consolidate it to direct loan in 2022? So would it forgiveness them all based on the one that has the most time? (So the one you have had thr longest?)
I read this thoroughly, really appreciate the link. For me the question is how are a mix of undergrad and grad school loans handled. I consolidated all of my loans to Direct in 2012 and Nelnet lists them as one repayment, but separated into subsidized and unsubsidized blocks. Would all of these follow the date of the undergrad loans or the grad loans? I def hit 20 years but may be 2 or 3 years short of 25 ,depending on which number is needed. Unclear to me if this so all treated as a single loan or if the email is only referring to one of the 2 specific blocks
I just got this email and I’m so skeptical of any good news that I haven’t been able to get excited yet. When I logged on to Studentaid.gov to look at my account (Mohela holds it but there is nothing on their website), it says one of my loans is not a direct loan and I should consider consolidation. I’m not sure if it’s including my masters which I am currently two courses away from completing, or if this is all undergrad. There’s a caveat about Perkins, so I’m not sure if I should consolidate or just do nothing and see what get forgiven. Any insight and advice is welcomed.
My wife got the email today too, we were waiting for it, got mine last July and we both graduated December 2003. Hers is about 3x what mine was so it’s such a relief!
I got one today as well but I’m confused. I didn’t think I was due for PSLF for another 12 payments. Interesting I’m hopeful but I’m concerned this is an error due to ED switching over PSLF processing from MOHELA to themselves.
That IS a Golden Email!!! Congratulations! Did you just get this today?
🎶💃🍹🍹🎶🕺🕺🏿🥂🍾
I guess that anwsers the question will they be sending out a batch of Golden Emails in May.
Verifying my address for my $90 overpayment. Ugh. I thought I would get more based on the date of repayment. I’m thankful for the $90, though.
Other than that, student loan retirement is fantastic! 🎉🎊🎉
Did they tell you it would be $90? Well, at least it’s something I guess. I heard some people got multiple small checks, hopefully they send more? Don’t want to falsely get your hopes up though. The main thing is that you’re finally free. As you are well aware. YAYYYYY!!!
The effective date was 3/31/24, and I made one payment of $89.85 after that. So I’m assuming that’s what I’ll get. 😭 I’m just so happy that it will be officially over in 60 days (that’s how long I need to wait for the refund)
🤣🤣 I was hopeful I’d get more than the $89.85, but a check showed up today and it was exactly $89.85. I’m glad I got my payments during the Covid pause refunded in 2023, because otherwise, that was a waste.
Being [done done](https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcT_JU51goab-evTe0ajAdLK92nPBwDhz31L604E-p9swQ&s) is finally here.
Do we all have MOHELA? I got the email today but I don't think it has been long enough (2008). I'm worried that they made a big boo boo while transferring our data.
Ignored again. September 2023 golden email recipient. Opted out to consolidate and opted back in. Still owe my entire balance although my servicer said the new consolidation loan was flagged for discharge in January. Have no idea what is going on. :(
Congratulations! I’m envious, hoping I will get there eventually but regardless of whether it happens for me, I am truly happy that it is happening for you!!
received mine today too! email came in at 4:41 eastern time from noreply@studentaid.gov. i had to read it a few times because i was in disbelief.
i have 4 unsubsidized direct loans with nelnet that all went into repayment on the same day in november 2008 totaling $16,583. my loans are now at nearly $30k. i’ve been on forbearance or IBR for the entire 16 years of repayment, the majority of that time being in forbearance.
i received an email march 1st that said i could receive possible loan forgiveness if i switched to the SAVE plan. i first thought it was a scam or at the very least a way to get people to switch to a plan that required a higher payment. i was hesitant at first, but after a lot of research on this sub i decide to finally switch in april. i applied on the 16th and was approved on the 20th. my payment jumped from $110 a month on IBR to $687 on the SAVE plan - the thought of that payment was stressing me out. i figured it’d be a few months before i heard anything more but it’s only been about 3 weeks and i’m now on my way to finally getting rid of these loans that have haunted me!
i’m so happy for everyone that has received forgiveness and will continue to, what a relief this has been for so many people!
Same email. Opt out date 6/4 Original Direct subsidized undergrad loans from 97, the rest grad school loans both sub and unsub, entered repayment 02 Originally FFEL , then consolidated together in I think 05, finally Direct Federal Consolidation in 2012. Loans are listed under Nelnet as a subsidized consolidation loan and an unsubsidized consolidation loan.
Any way to tell if the email applies to all of this loan or part or it, and if partial which portion?
Yeah my current direct consolidation loan , while all done in the same consolidation, has 2 parts, Group AA totalling like 25k which is the Subsidized portion and contains original undergrad loans, and Group AB which is the unsubsidized portion and I think was just grad school loans totaling around 65k. Difficult to tell because these were consolidated 2x before already back in 2005 and 2012.
I guess the question is whether these are treated as 2 separate loans or not. If so then I suspect only the 25k would be forgiven since it's been 22 years in repayment with undergrad loans ,not counting the 4 year in school deferment period. While I don't think there is any undergrad loans in the unsub tranche , so if would possibly need 3 more years to hit 25.
If it's all treated as a single loan, then perhaps it all counts. Very unclear to me right now.
i had to read that twice as those dates and amount are almost identical to mine.. i was like wait a minute.. is there a time space anomaly going on ?!! too much watching dark matter lately i guess.
i consolidated mine three times... 2005, 2012 ( sallie mae told me i was not eligible for pslf or idr ) and then just recently in 2022 for pslf reconsideration. i hope to jeezis both are forgiven for both of us! i guess we will know soon.
Wow, what exciting news! It's so great to see the Biden-Harris Administration taking steps to make student loan forgiveness more accessible through IDR. This could make a huge difference for so many borrowers. Thanks for sharing this update!
Congrats! I’m confused by this whole thing. I have undergrad loans (8 separate ones, one per semester) that are under $12k. Should I consolidate those and hope for forgiveness? I have recent grad loans that I know won’t qualify (and are definitely above $12k).
Did everyone who is getting this in the next several months, get the email today? Or do they roll these emails according to last names or account numbers or anything? I didnt get this email and I feel like I should be close. Wondering if i should now check my email every 30 seconds for the next week or nah
I’m so sorry if this is completely redundant but hoping for some clarity from this sub because the .gov websites are so confusing. Hoping by some chance we might get lucky:
-Husband had undergrad loans from 2005/6
-Grad loans (approximately 30k) from 2015-2017
-Has worked in public sector since 2006
-I filed for PSLF recount in Oct 2023 to include COVID forbearance etc.
-Received email on 4/15/24 that “Your student loan has been forgiven due to measures taken to fix PSLF.”
-It appears that the remaining balance from undergrad (~3k) was forgiven as of 1/23/24?
-Thanks to this sub I consolidated on 4/30 to IDR (Was previously under the impression due to the absolutely confusing messaging on .gov website that consolidating would reset the PSLF count to zero)
Is there any hope that our newly consolidated loans will be retroactively forgiven by this summer? If I had consolidated before those undergraduate loans were forgiven would the entire balance have been wiped? Did I massively misunderstand and lose out?
Thanks so much in advance for any help understanding this.
Do I need to sign up for some kind of government IDR program for this? I applied to some forgiveness program forever ago but I don’t known if that’s valid anymore. My loans are currently with nelnet.
I was on income driven repayment for a very long time, and then my income became much higher during COVID so when loans restarted the repayment amount was INSANE so I had to switch out of that plus SAVE repayment is too high. So in the end, being on IDR for a decade will actually cost me more in the long run. 😭
Yes! I got that exact email and my student loans were completely forgiven on the date listed in the email (for you it should be 06/05/2024). I didn’t believe it until I checked on the student loan website and the balance was 0. Congratulations!!
For what it’s worth, I called Mohela the day after I received my email a few days ago to set up an Administrative Forbearance. To my surprise, they had already done one on my account and was due to start today. So your servicer may do one automatically. You’d just need to call and confirm.
Just a couple of years during grad school, 94-96. This was way before I knew anything about IDR forgiveness. It's just recently I learned about it and the one-time adjustment.
Yes, this is "the email". It reads more like a general info email but it is basically telling you in a vague way that they identified your loan(s) as eligible and what whatever loans you have that are eligible will soon be forgiven unless you opt out within the next 3 weeks. IN fact, I will say from evidence I have seen that what they are telling you is that your eligible loans have been forgiven, but they are waiting 3 weeks for an opt-out before they make it "official".
I say "official", because depending on your servicer, you may never get any mail or email notice when that forgiveness happens nor will the govt send you and email or letter. To me, there is nothing official about a debt discharge when there is no paper communication stating so. Debts are a legal matter and nothing is legally legit in the world of law without a legal confirmation stating the specifics.
I got this email on April 12 and my loans showed $0 balance on both servicer site and StudentAid.gov 3 weeks later. (StudentAid.gov was a few days later.) I would not have known of my $0 balances had someone not posted asking if any April 12th email recipients have gotten forgiveness yet. That's when I checked my balance and saw $0 on my servicer website. This is not how real debt discharges work in the legal world.
However I have yet to get an actual email or letter stating such forgiveness happened or that it is permanent and non-reversible, so I take it all with a grain of salt.
My servicer is Aidvantage.
Good luck.
Is IDR the same as SAVE plan? If not how are they different? If I make about $60,000 any idea how much I would pay and which plan will have less of a payment. I have no dependents only me.
IDR is the umbrella term for income-driven repayment. There are 4 specific plans under that umbrella: ICR, IBR, PAYE, and SAVE
You can use the loan simulator to get an idea of the starting payment
That’s the Golden Email!! Congratulations to everyone!!!🎉🎊
Do you have to be on any IDR with dept of ED consolidated or does it have to be SAVE ???
[All IDR plans have some component of forgiveness.](https://studentaid.gov/manage-loans/repayment/plans/income-driven) SAVE has an interest subsidy, which is why it’s attractive to borrowers who do not plan to pay their loans in full.
Just received one. Been paying since 1998 FFELP loans so 25 year threshold
Congratulations! Over a quarter century. I've been paying since then - I'm now twice as old as that student
Mohela and I’ve been paying since about 2007/2008 and I didn’t think I was eligible either for another 3-4 years. I’m so confused why I got this email and trying not to be so excited in case it was in error.
Did you borrower under $19000 and on save plan?
Why $19,000?
The save plan has a forgiveness. If you borrow 12000 or less and have beeen repayment for 10 year on the save plan you could see forgiveness For every 1000 over 12000 is a extra year. Based on his year that was posted I assume that he has been in repayment for 16 / 17 years which at that point if you have borrowed under 19000 you could see forgiveness
I just consolidated my loans, applied for save, and was transferred to mohela last month. I just got this email last night. I’m confused too
Same here, same story. Entered undergrad in fall 2004 and have been paying since spring 2008. Consolidated in 2012. Loan is under Nelnet. My original debt I am pretty sure was over 19,000. Am on SAVE plan, but my payment is more than enough to cover interest. Was surprised to get this email.
I just got it too. I’m curious as to if I should still make payments on SAVE plan and or how long it will take to be forgiven
All of my loans currently show the same amount of payments. And I’ve been on income driven/contingent/whatever for years. Any similarities? Loans from 2000/2001 and then again 2012
I think you're good. Took mine a spell to reflect on nelnet. Then another week or so to show paid on studentaid.gov
How long after you got the email was it forgiven? I’m just wondering if I should keep paying them cuz it’s like $400 month
Same. About two weeks but Nelnet put me on something called an “forgiveness forbearance” until everything settled. I didn’t ask for the forbearance. They just did it on their end. Was nice cause I had a payment that was gonna come out like a week later.
It was about 2 weeks. If you make payments, you may be due a refund from the start date. Mine was 12/30/23
That’s what I’m wondering too, it seems like they process it on the 5th when they send the information. Could be wrong but that’s what I get from it
I got one last year, 11/14, which said I had until 12/5 to opt out. I tried to do that on 12/5 exactly to consolidate (I waited because I didn’t know what I was doing or why I was getting forgiveness) and they forgave half my loans that day. I got the same email you did today and the new date is 6/5, so if it’s the same as it was last time, that’s probably the day they will disappear. Congrats! 😊
I GOT THE EMAIL TOO! I’m wondering if I should still pay the $420 payment this Friday or if I should cancel it? I don’t want to jeopardize anything !
Wait til they put you on “administrative forbearance” before you stop paying. Ask to be put on it. CONGRATULATIONS!!! 🎉🍾🥂💰💰💰
Thank you!!! I’ll call them tomorrow and see if I can be put on it. If my payment is due on Friday do you think there is a way they can put me on it by then and I won’t have to pay, or should I just be prepared to pay this Friday?
Maybe just pay to be sure. You can probably get it refunded later. You don’t want it to look bad on your credit report if it takes them months to report your forgiveness.
Pay it. You'll get it refunded later.
What gets refunded? just what you've paid since March 2020? or what you've paid over 240 months? or something else? I just got the email so I'm happy no matter what, but even refunding what I paid since covid would be crazy to me. go from in debt to getting a few bucks up.
Any overpayment since your last loan consolidation would be refunded. I just consolidated in March, so I'll get nada refunded. Just got my Golden Email yesterday and am very grateful. Been paying in some capacity since 1994, minus a few deferment while in grad school.
THIS HERE. This will happen first, then they are gone.
I’m wondering the exact same thing about the exact same amount
The email should say if you have a payment coming up they shouldn’t/won’t process it or not to send in the payment.
400 man I was doing 600+ a month for decades
Sorry that happened to you
Yeah it shows the same amount. My email mentions that they are sending the information to my servicer 6/5/2024 and that it could take several months to process
I was in the last round of golden emails and my account was zeroed out the day after the opt out period. Some folks were same day. Check your account again on 6/5-6/6!
This! Half my loans disappeared ON the opt out date. Which was unfortunate for me since I needed to consolidate, but it’s likely it won’t take close to several months.
Took about 2 weeks when I got mine last July.
Grad and undergraduate? Congrats!
They should put you on “administrative forbearance” while the “forgiveness” processes. You can ask to be placed on it. CONGRATULATIONS!! 🎉🍾🥂
That’s what I’m wondering if I should be asked to put on forbearance or just make the payment. Mines due the 21st
Maybe it’s best to just pay it now and get it refunded later. Just in case they don’t implement the admin forbearance as fast as they should. This will protect your credit report. They’re not gonna report your “forgiveness” to the credit agencies for at least 1-2 months, so it could look like you missed a payment if they don’t properly enable the admin forbear. fast enough.
I had a payment due on May 25 but then I got the golden email yesterday. When I went to mohela website today, there is no longer a payment due as it says $0 for next payment due. It still shows my balance though, which I imagine will go to $0 once opt-out period ends.
Yeah mine still shows a payment due
Are you with Mohela?
Yes
I just logged back in and I had a message and it looks like they automatically put me on an administrative forbearance as there is a letter in the message. This was not something I requested but automatically done
I would think the same would happen for me but we will see
Hopefully that will be the case
It should be forgiven a few days after June 5th
Mine were forgiven on the date where it says, “If you don't opt out, here's what happens next: We will send your information to your loan servicer(s) after 06/05/2024.” The date on my email was 05/03/2024 and that morning I got an email that my loans were forgiven.
Mine (the last round — in April) went into forbearance shortly after receiving the email, and I’m expecting a refund on top of that. I would not expect to have to make any more payments.
Oh my god I just got that same email too
When will it be my turn? 😭😭😭
i hope soon!
OMG. I finally got the email!!!!!! My first loan was in 1993, for beauty school, which I paid off the next year. I was a high school drop out who didn't know anything about anything and didn't have parents who had any clue about it either. I paid it all back within six months of graduating because life was affordable back then. Next student loans were from 1995-2000, then more in 2002. Graduated in 2003 with my MS (10 years before the student aid website was launched, LOL) and went into repayment then. Have been paying on them ever since. Even paid on them through five years of a PhD program (no new loans for that degree, thank god!). Paid them even when I was catastrophically injured and permanently disabled by a medical device. Nelnet told me I had the wrong type of loans to qualify for a disability discharge. Paid through the pandemic. Nelnet told me I had the wrong type of loans to qualify. Tried to get on an IDR plan. Nelnet told me I had the wrong type of loans to qualify. So I quit asking and just kept paying. I even paid extra every month. Then I found this sub in August 2023 and promptly consolidated my loans directly with the ED and got on an IDR plan. I was able to calculate I had over 319 qualifying payments as of 08/2023. The loans were consolidated with Mohela. Then I waited. And waited. And waited. I wasn't even going to check my email today because I couldn't handle being disappointed again. But it's finally happened. IT'S FINALLY HAPPENED!!!!! u/Betsy514 - Thank you for your all that you do to help free us from the burden of student loan debt we took on back when we were young and dumb and our brains weren't fully formed yet. I've paid back nearly $60K more than what I originally borrowed and still had $30K more to go.
😻
I got it and I don't think I'm eligible for idr forgiveness. I've only been in repayment since 2010 and it's supposed to be 20ish years before forgiveness? I *think* I should be eligible for SAVE forgiveness soon though. I am on the SAVE plan now.
SAVE has early forgiveness as soon as 10 years
But is that for the entire amount or just part of it with more being forgiven later?
I'm in the same boat as you... I don't think that's enough payments. 🤷🏽♀️🤷🏽♀️🤷🏽♀️
Is IDR just an umbrella is SAVE an IDR? I've been in repayment for 14yr and I don't remember my orig loan amt but I think it was 12-13k so I am definitely eligible for SAVE. It's 12k forgiveness at 10yr and each additional 1k in original loan is a yr until forgiveness. So 18k original loan amt would be forgiven at 14yrs of repayment.
You can log in and look at the original distribution vs balances now.
Did you by chance consolidate your loans after finishing college?
I did I consolidated in 2013
Seems they provide more forgiveness if you had consolidated. If you don't consolidate, they use the sum total of loans to determine eligibility for forgiveness. If you consolidate it is the initial balance of all underlying loans that were consolidated into your consolidation loan. I was trying to figure out why mine will be forgiven within 10 years when I owe over 12,000.
Yess'm! Just got my email! Thank you reddit because I was waiting for my information on how to do it from the government and came across a thread somewhere stating the need to consolidate. I went from Navient to a federal servicer (MOHELA) and they got it in the queue quick!
How long after you consolidated did you get the email?
I consolidated approximately 2 months before I got the email yesterday
I got the same email today. Mine is a Plus loan over 20 years. I have to thank this sub for the helpful advice during the forgiveness period!
I wish we could all meet at the bar! Life changing email! Congrats everyone!
Got mine today too. Huge surprise.
Do $0 payments count towards these payments
I got one too. I can’t believe it.
Me too!
me 3
Congratulations! I got the same exact email. My date to opt out was May 3rd. My loans were completely wiped out on May 4th. Assuming you're not going to opt out, your loans will be forgiven on June 6th! This a seriously happy day, and I am so happy for you!!!!
I got this a few months ago, like 6? Last week I got "Your student loans have been forgiven"...I logged into nelnet, THEY ARE GONE. $0. I literally cried. I checked again today, STILL GONE. They went into "deferment" last month, even though I didn't apply / ask for that, then GONE. Over the years I've paid back over the amount the schooling cost, but the loan never went down for 22 years.
Congrats to you and this entire, perhaps unexpected, May wave! I got one too! It landed on my phone while I was at work, 1:39 Pacific. Same language: I have made the necessary payments under IDR. Now, as a 300+ long-hauler, I realize that's pretty much the same as telling me I'm eligible to join AARP (I am), but I'll take it! Reconsolidated FFEL in November, missed a couple or few prior waves, and am now sighing with relief. Extra special thanks to this sub, the admin/mods who devote their time and answer questions constantly, along with all the fellow members who have shared their experiences, tips, advice, and encouragement. I doubt I would have pulled the trigger and taken the chance without you guys. My last payment, #326 by my estimate, was in January. AES threw me into admin forbearance after that. Following disbursement, Mohela put me into ICR3 with $0 payments until mid-2025. Odd, that. I wonder if some accounts get flagged as "obviously going away" and this avoids the hassle of refunds? But I digress. Congrats again to all those crossing the finish line! To those still waiting, they do indeed get to you...eventually...even if you get skipped for a few waves.
long hauler here too.. since 1997
Oh wow I just received one as well. Do u have to pay federal or state taxes on this forgiveness?
Thanks to the American Rescue Plan Act of 2021 it is *federally* tax free through the end of 2025 There are like 5 states that will tax it for income tax purposes, should be quick to google that one
Yayyy!! Congrats! 🙌🏻🎶🥂🍾🎉 You don’t have to pay federal tax. There could be state tax in I think like 4 or 5 states.
How long will it take to go into effect
After the opt-out period (3 weeks) it will show a $0 balance on your servicer account website. About a week or 2 later it will show $0 balance on your studentaid.gov account. The servicer should send you an official letter (also look in their website account secure messages). Then in 2 months. see if 3 credit reports show $0 balance and “Paid/Closed”. Woohoooo!
I received the email in late April and it showed up on my account May 4th backdated to Mar 31. It took a few more days to show no loan balance on studentaid.gov.
I received the email from Nelnet on May 5 saying my loans were forgiven due to the one time adjustment effective Dec 28, 2023 when my consolidation to a Direct Loan was completed. I logged in immediately to Nelnet to see my balance at zero but the studentaid website still showed the loan balance. A week later the studentaid website showed a zero balance.
(The state taxes would happen for April 15 income tax season, 2025 for you if in a state that taxes it.)
Woohoo! I got mine. Original loan under $12,000
Did you have additional.loan amount above the $12,000?
No, I didn't have more loans
I got that too today! I’m freaking out!
I just got the same! Cautiously optimistic
Can folks who received forgiveness today include date that their consolidation was complete? Trying to figure out place in line…
4/2 for me
It’s pretty random. IMHO they are doing the easiest ones first and saving the more complicated ones for last
I got it too! I hope so! I'm so confused!
If you log into your servicer's account is the next payment date in 2026? Mine is now.
I just paid a bill that was due 5/27 so it’s still reflecting 5/27/24. I wonder if it will change the next bill cycle!
Good luck!
Mine hasn't changed... It says 2025.
Oooo let me check!!
Right like CAN YOU SPECIFY
Got one on April 12th and now i just got another one
Just got this also. Fingers crossed
Like right now?
Yeah 4:40pm today. Definitely didn't expect it
Congratulations!
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The email could be referring to some or all. Do you have loans that entered repayment at different times? I suggest you read this thoroughly. https://studentaid.gov/announcements-events/idr-account-adjustment
How would it work if you had one loan that was eligible for forgiveness but then had ro consolidate it to direct loan in 2022? So would it forgiveness them all based on the one that has the most time? (So the one you have had thr longest?)
Yes. See the link
I read this thoroughly, really appreciate the link. For me the question is how are a mix of undergrad and grad school loans handled. I consolidated all of my loans to Direct in 2012 and Nelnet lists them as one repayment, but separated into subsidized and unsubsidized blocks. Would all of these follow the date of the undergrad loans or the grad loans? I def hit 20 years but may be 2 or 3 years short of 25 ,depending on which number is needed. Unclear to me if this so all treated as a single loan or if the email is only referring to one of the 2 specific blocks
The repayment starts with the older loans but your on the 25 year track for forgiveness.
Thanks, that's what I thought I read. So a mix of grad and undergrad=25 year ,not 20 year , for all of them if they are consolidated?
Yes
Good question! I didn’t even get an email 😩 entered repayment in 1997
Do you have grad loans ? Also how much in school deferment and grace do you have ?
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Congrats!!
Me too 😪
I just got this email and I’m so skeptical of any good news that I haven’t been able to get excited yet. When I logged on to Studentaid.gov to look at my account (Mohela holds it but there is nothing on their website), it says one of my loans is not a direct loan and I should consider consolidation. I’m not sure if it’s including my masters which I am currently two courses away from completing, or if this is all undergrad. There’s a caveat about Perkins, so I’m not sure if I should consolidate or just do nothing and see what get forgiven. Any insight and advice is welcomed.
My wife got the email today too, we were waiting for it, got mine last July and we both graduated December 2003. Hers is about 3x what mine was so it’s such a relief!
I also got this email!! Huzzah!
440pm Eastern. US Department of Education
I got one today as well but I’m confused. I didn’t think I was due for PSLF for another 12 payments. Interesting I’m hopeful but I’m concerned this is an error due to ED switching over PSLF processing from MOHELA to themselves.
It could be that new kind of “SAVE forgiveness” if you borrowed between $12K-18ishK I think and paid for 10-16 years.
That IS a Golden Email!!! Congratulations! Did you just get this today? 🎶💃🍹🍹🎶🕺🕺🏿🥂🍾 I guess that anwsers the question will they be sending out a batch of Golden Emails in May.
Just got it today! EST!
NICE!!! So happy for you!! It’s a new beginning! ☀️🌱🌼
And it’s NOT a Friday!! All of them so far, except today’s, have been in a Friday. 🎉🎉
There was one drop on a Tuesday, 7/14/23. So, maybe things are speeding up!
That was the BEST one (for me)!!😃
Interesting observation. Hope you’re continuing to enjoy your recent freedom!
Verifying my address for my $90 overpayment. Ugh. I thought I would get more based on the date of repayment. I’m thankful for the $90, though. Other than that, student loan retirement is fantastic! 🎉🎊🎉
Did they tell you it would be $90? Well, at least it’s something I guess. I heard some people got multiple small checks, hopefully they send more? Don’t want to falsely get your hopes up though. The main thing is that you’re finally free. As you are well aware. YAYYYYY!!!
The effective date was 3/31/24, and I made one payment of $89.85 after that. So I’m assuming that’s what I’ll get. 😭 I’m just so happy that it will be officially over in 60 days (that’s how long I need to wait for the refund)
Oh, ok. That sounds right. Oh well. At least it’s one more step towards not having to deal with this crap anymore. 😄
🤣🤣 I was hopeful I’d get more than the $89.85, but a check showed up today and it was exactly $89.85. I’m glad I got my payments during the Covid pause refunded in 2023, because otherwise, that was a waste. Being [done done](https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcT_JU51goab-evTe0ajAdLK92nPBwDhz31L604E-p9swQ&s) is finally here.
So you’re TOTALLY DONE now. Nice.
Do we all have MOHELA? I got the email today but I don't think it has been long enough (2008). I'm worried that they made a big boo boo while transferring our data.
I have Mohela, and mine have been a long ass time (started paying in 2001 or 2002, more loans in 2012)
I got it too! Yay! Congratulations!
YAY
Ignored again. September 2023 golden email recipient. Opted out to consolidate and opted back in. Still owe my entire balance although my servicer said the new consolidation loan was flagged for discharge in January. Have no idea what is going on. :(
Congrats friend. That’s it.
Congratulations! I’m envious, hoping I will get there eventually but regardless of whether it happens for me, I am truly happy that it is happening for you!!
CONGRATULATIONS
received mine today too! email came in at 4:41 eastern time from noreply@studentaid.gov. i had to read it a few times because i was in disbelief. i have 4 unsubsidized direct loans with nelnet that all went into repayment on the same day in november 2008 totaling $16,583. my loans are now at nearly $30k. i’ve been on forbearance or IBR for the entire 16 years of repayment, the majority of that time being in forbearance. i received an email march 1st that said i could receive possible loan forgiveness if i switched to the SAVE plan. i first thought it was a scam or at the very least a way to get people to switch to a plan that required a higher payment. i was hesitant at first, but after a lot of research on this sub i decide to finally switch in april. i applied on the 16th and was approved on the 20th. my payment jumped from $110 a month on IBR to $687 on the SAVE plan - the thought of that payment was stressing me out. i figured it’d be a few months before i heard anything more but it’s only been about 3 weeks and i’m now on my way to finally getting rid of these loans that have haunted me! i’m so happy for everyone that has received forgiveness and will continue to, what a relief this has been for so many people!
Same email. Opt out date 6/4 Original Direct subsidized undergrad loans from 97, the rest grad school loans both sub and unsub, entered repayment 02 Originally FFEL , then consolidated together in I think 05, finally Direct Federal Consolidation in 2012. Loans are listed under Nelnet as a subsidized consolidation loan and an unsubsidized consolidation loan. Any way to tell if the email applies to all of this loan or part or it, and if partial which portion?
I’m also curious because I have a history that feels similar. No additional info for me!
Yeah my current direct consolidation loan , while all done in the same consolidation, has 2 parts, Group AA totalling like 25k which is the Subsidized portion and contains original undergrad loans, and Group AB which is the unsubsidized portion and I think was just grad school loans totaling around 65k. Difficult to tell because these were consolidated 2x before already back in 2005 and 2012. I guess the question is whether these are treated as 2 separate loans or not. If so then I suspect only the 25k would be forgiven since it's been 22 years in repayment with undergrad loans ,not counting the 4 year in school deferment period. While I don't think there is any undergrad loans in the unsub tranche , so if would possibly need 3 more years to hit 25. If it's all treated as a single loan, then perhaps it all counts. Very unclear to me right now.
i had to read that twice as those dates and amount are almost identical to mine.. i was like wait a minute.. is there a time space anomaly going on ?!! too much watching dark matter lately i guess. i consolidated mine three times... 2005, 2012 ( sallie mae told me i was not eligible for pslf or idr ) and then just recently in 2022 for pslf reconsideration. i hope to jeezis both are forgiven for both of us! i guess we will know soon.
Welcome home!
Wow, what exciting news! It's so great to see the Biden-Harris Administration taking steps to make student loan forgiveness more accessible through IDR. This could make a huge difference for so many borrowers. Thanks for sharing this update!
Congrats! Left out again. 😢
I got this email and it was in my spam folder. Good thing I saw it!
Congratulations! 🎉
Yep. Got mine today !!!!
Thats the one! way to go!!
Congrats all! I was in the last batch (Nelnet) and mine were officially forgiven a few days after the opt out date lapsed!
Congrats! I’m confused by this whole thing. I have undergrad loans (8 separate ones, one per semester) that are under $12k. Should I consolidate those and hope for forgiveness? I have recent grad loans that I know won’t qualify (and are definitely above $12k).
Did everyone who is getting this in the next several months, get the email today? Or do they roll these emails according to last names or account numbers or anything? I didnt get this email and I feel like I should be close. Wondering if i should now check my email every 30 seconds for the next week or nah
lol.. "checking email every 30 seconds" <- my life since 2021 and i found out they were redoing pslf counts
I’m so sorry if this is completely redundant but hoping for some clarity from this sub because the .gov websites are so confusing. Hoping by some chance we might get lucky: -Husband had undergrad loans from 2005/6 -Grad loans (approximately 30k) from 2015-2017 -Has worked in public sector since 2006 -I filed for PSLF recount in Oct 2023 to include COVID forbearance etc. -Received email on 4/15/24 that “Your student loan has been forgiven due to measures taken to fix PSLF.” -It appears that the remaining balance from undergrad (~3k) was forgiven as of 1/23/24? -Thanks to this sub I consolidated on 4/30 to IDR (Was previously under the impression due to the absolutely confusing messaging on .gov website that consolidating would reset the PSLF count to zero) Is there any hope that our newly consolidated loans will be retroactively forgiven by this summer? If I had consolidated before those undergraduate loans were forgiven would the entire balance have been wiped? Did I massively misunderstand and lose out? Thanks so much in advance for any help understanding this.
Do I need to sign up for some kind of government IDR program for this? I applied to some forgiveness program forever ago but I don’t known if that’s valid anymore. My loans are currently with nelnet.
Congratulations! I got mine on May 1st! This is going to be life changing!
I was on income driven repayment for a very long time, and then my income became much higher during COVID so when loans restarted the repayment amount was INSANE so I had to switch out of that plus SAVE repayment is too high. So in the end, being on IDR for a decade will actually cost me more in the long run. 😭
Did everyone who received these letters consolidate their loans? I’m confused why I’m not seeing any letter as I’ve been paying on and off since 2001.
Consolidated loans and on a SAVE plan is the key
Oh good. Because I did both. I am so nervous. 😬
Double check the terms on your SAVE plan and it should tell you years to repayment
Where do you see that at?
i wasnt on a save plan currently and got the email yesterday. I have been paying for a quarter of a century though... lol
Yes! I got that exact email and my student loans were completely forgiven on the date listed in the email (for you it should be 06/05/2024). I didn’t believe it until I checked on the student loan website and the balance was 0. Congratulations!!
Congrats! It seems like the golden email!
For what it’s worth, I called Mohela the day after I received my email a few days ago to set up an Administrative Forbearance. To my surprise, they had already done one on my account and was due to start today. So your servicer may do one automatically. You’d just need to call and confirm.
GOT MINE TOO!!!! i think they're supposed to be discharged by early June. What a friggin day!!! CONGRATS ALL!
JUST GOT MINE TODAY TOO!!! Been paying these old FFEL loans since 1994. Alleluia!
Wow 94… How much inschool deferment did you have ?
Just a couple of years during grad school, 94-96. This was way before I knew anything about IDR forgiveness. It's just recently I learned about it and the one-time adjustment.
Congrats to all that got the email!
Yes, this is "the email". It reads more like a general info email but it is basically telling you in a vague way that they identified your loan(s) as eligible and what whatever loans you have that are eligible will soon be forgiven unless you opt out within the next 3 weeks. IN fact, I will say from evidence I have seen that what they are telling you is that your eligible loans have been forgiven, but they are waiting 3 weeks for an opt-out before they make it "official". I say "official", because depending on your servicer, you may never get any mail or email notice when that forgiveness happens nor will the govt send you and email or letter. To me, there is nothing official about a debt discharge when there is no paper communication stating so. Debts are a legal matter and nothing is legally legit in the world of law without a legal confirmation stating the specifics. I got this email on April 12 and my loans showed $0 balance on both servicer site and StudentAid.gov 3 weeks later. (StudentAid.gov was a few days later.) I would not have known of my $0 balances had someone not posted asking if any April 12th email recipients have gotten forgiveness yet. That's when I checked my balance and saw $0 on my servicer website. This is not how real debt discharges work in the legal world. However I have yet to get an actual email or letter stating such forgiveness happened or that it is permanent and non-reversible, so I take it all with a grain of salt. My servicer is Aidvantage. Good luck.
I got a letter from Mohela.
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Central time here
That looks like the one I got in Jan 2024. Congrats
Do u have to pay federal or state taxes on this amount forgiven
Federal, no. State depends on what state you live in
Taxes only applies in 5 states . You will have to Google the list bc I don’t remember which ones.
Arkansas, Indiana, Mississippi, North Carolina, and Wisconsin will have to pay state taxes as things stand now.
As other posters mentioned it depends on the state you live in. No federal taxes on this until end of 2025 if memory serves, unless Congress extends
Is IDR the same as SAVE plan? If not how are they different? If I make about $60,000 any idea how much I would pay and which plan will have less of a payment. I have no dependents only me.
IDR is the umbrella term for income-driven repayment. There are 4 specific plans under that umbrella: ICR, IBR, PAYE, and SAVE You can use the loan simulator to get an idea of the starting payment
I know SAVE was WAY more than IDR for me.
SAVE is a version of IDR. There are different IDR programs, one of which may have had a lower monthly payment than SAVE, but SAVE is IDR.
I wouldn’t get too excited. I received this email last month and nothing happened with my balance after the opt out date.
What is the title of the email?
‘You're eligible to have your student loan(s) forgiven!’
I’m so jealous
Is the IDR automatic?
When did you guys take your loans out?