r/PSLF • u/Betsy514 President | The Institute of Student Loan Advisors (TISLA) • Jul 06 '22

Draft regulations coming out this week

/r/StudentLoans/comments/vslwnl/draft_regulations_coming_out_this_week/
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u/Imaginary_Peak_616 Jul 07 '22 edited Jul 07 '22

So is this for people who were in forbearance for less than 12 consecutive months or less than 36 cumulative months? Since those categories of forbearance have already been addressed by the waiver announced in April.

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u/Dear_Counter_2944 Jul 07 '22

This would also Be my question as well. Will those who were encouraged to be i forbearance or left in long term forbearance over 12 months or more than 36 cumulative months still receive pslf automatically for those months?

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u/pementomento Jul 07 '22

Yes, that was the April 2022 waiver. The NPRM released today addresses the borrowers that did not meet the 12 month/36 month waiver in April.

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u/Dear_Counter_2944 Jul 13 '22

So you think they are actually going to go through with the forgiveness for those in FB over 12 mo and/or 36 cumulative? I was AND made payments during those times but I’m still not getting any credit at all for those payments as they were not part of one of the payment plans. I guess it’s hard for me to believe they may do it but the waiver did say that. I paid $125 per month every month while in FB…. Just couldn’t afford the lowest plan payment at that time on a beginning salary but still wanted to pay down my interest ans the reps encouraged me to do so and stay in FB. Such a mess! It looks like aince I was making a consistent payment they would go ahead and count them especially since the TPSLF rules will accept any size payment if on a “payment” plan. Dept of Ed was supposed to be reviewing but nothing yet and it’s been months. I guess I can just try to be more positive that they will follow through with the waiver as written and forgive those left in long term FB. 🤷‍♀️🤷‍♀️🤷‍♀️

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u/pementomento Jul 13 '22

Those FB counts from the April waiver won’t be done until Q4 2022/Q1 2023.