Instantly See How Close You Are to Loan Forgiveness With This Free Tool!
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- čas přidán 2. 07. 2024
- Heard about the one-time payment account adjustment that gives you credit toward student loan forgiveness for your time in repayment, forbearance, and deferment, but wonder how much credit you'll get?
We wondered the same for our clients. So we built a tool that uses your student loan information to give you a rough estimate of how much credit you can expect to get under this waiver.
In this video, I review 3 different files to show you how the tool works.
You can use the tool for free.
🔗 Helpful Links:
Free TXT Tool: www.tateesq.com/tool/student-...
Get Your TXT File: studentaid.gov
Want to work with us? Book a call here: link.tateesq.com/book-call-yo...
CREDITS
Hosted by Stanley Tate
Editing by Helena Santín
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 🙌🏾🙌🏾
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.
Thank you so very much! Just what I needed just to help me understand how much credit I may receive.
Free free? I’m gonna check it out now.
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
Do you think that the time gamed for consolidating and getting credits outweighs the issue of capitalized interest which will increase the balance?
What happens if it's a mix of undergrad and grad loans?
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.
The program worked great
It did! It's great website, too! Runs smooth!
Deadline is tomorrow morning for the Adjustment. Can you fit me in for a fee?
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.
I was able to successfully upload my txt file. Unfortunately I am unable to see the repayment overview section.
Please help.
If you consolidate on loans that are mixed with subsidize and unsubsidized do you lose the subsidized benefits
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?
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.
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.
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.
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
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
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.
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