Income-Driven Repayment Forgiveness: New Deadline

Published 2023-12-27
The deadline to qualify for the IDR Waiver Account Adjustment moved from Dec. 31, 2023 to April 30, 2024. This is HUGE news -- especially for parents who want to take advantage of the double consolidation loophole. You know have time to consolidate, qualify for the SAVE Plan, and get forgiveness credit through the IDR Waiver.

šŸ”— Helpful Links:

IDR Waiver Explained: link.tateesq.com/idr-waiver-yt

Payment Count Adjustment & PSLF Waiver: studentaid.gov/announcements-events/idr-account-adā€¦

7 Things To Know About The Account Adjustment: blog.ed.gov/2023/12/seven-things-to-know-about-theā€¦

Want to work with us? Book a call here: link.tateesq.com/book-call-youtube

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Hosted by Stanley Tate

Editing by Helena SantĆ­

All Comments (21)
  • Thank you!! I almost tuned out completely, when I thought that your goal was to lead everyone toward bankruptcy. Glad I stayed with you. Appreciate the info. PP Loaner here.
  • @jonclassical2024
    Tate is an outstanding lawyer and expert in the student loan arena...he has helped me a lot....Highly Recommend!
  • @KS-np6ph
    Omg!!!!! Thank you! Thank you! Thank you! You were so clear and concise. I now have peace of mind, I did it correctly. ā¤ Much love and appreciation. šŸ˜Š
  • @rdd25
    You doing the Lords work brother Thank you!! šŸ™šŸ¾
  • @shallitube
    Thank you. I need to set an appointment with you how to opt out. I missed my previous appointment, my fault.
  • @sashalatricexo
    I really enjoy hearing his voice in the background of my day lol
  • @sweeteuphoria1
    Thank you!! I am currently in my 1st year of PSLF and have had loans since 2000. I wasn't able to utilize the PSLF waiver in time as I was not in public service to consolidate my undergrad loans with my grad loans and count the payments I made as a teacher in 2005 (for that undergrad loan, I have 64 payments left but close to 120 payments for my grad loans). Could the IDR waiver assist me? Could it be a disadvantage? I think I may have a max of 12 years of payments and some forbearance. Thank you so much!!!!
  • @amoshillmusic
    Well here I am in May applying for idr and hoping theyā€™ll approve mine for forgiveness. Late to the party but hopefully theyā€™ll accept mine anyways
  • @Nursecynthia81
    I have two direct consolidated loans. One subsidized. One unsubsidized. Completed consolidation in 2016. Within those consolidated loans are two different years I entered into repayment. 10/2004 and then 6/2010. Will the IDR adjustment look at this and since the loans are consolidated will the balance be forgiven from the earliest date of 10/2004, in October of this year? Grateful for your wisdom!
  • @Eddie-wn8tu
    Great Vids! TY TY, trying to interpret the fed website, and trusting said interpretation, in difficult. I'd love to hear if you have any inside scoop on the black box I am in the queue in. Zero feedback since consolidating 12/01/23. Even filed a complaint 3/1/24...no reply at all(it said 15 days) I have loans from 8/1994!!!!!! Phew!
  • @michaelbryan4618
    I put in my application for consolidation at the end of September and it's still in process with Nelnet. Is anybody else having a problem getting the consolidation finalized?
  • @vmarsfiles
    Someone still paying a student loan generated in 1994 is diabolical and speaks to how broken our system is and how much more work needs to be done to change it...
  • Do parent plus loans or private loans qualify? My wife took one for my son. Trying to get it forgiven. Which one of these programs should I consolidate to? Is it a requirement to switch the private loan over to the Fed program, then consolidate? If so, assuming 30 April is the dead line
  • @melissaw7
    Thanks for this clearly outlined video! One question (referring to 6:24). My loans were with the Dept of Ed during COVID and were on the COVID Forbearance Plan. After COVID, they were, for some reason, transferred to Nelnet. I applied for forgiveness prior to the transfer but haven't received forgiveness. Does this mean I need to apply yet again by Apr 30?
  • @amnglobal
    I recently consolidated. I have an undergrad loan dating back to 2004. I'm curious if all of my loans will be waived even if I attended grad school too.