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or submit a complaint directly to the FSA Ombudsman. ensure that any repayment or employment missteps are caught sooner rather than later. And it's actually pretty easy to get your money back. I'm Getting Money Back From My Student Loan Payments -- But It May 4 Top Complaints About MOHELA Student Loan Servicing You will get an automatic refund after you apply for forgiveness if your payments during the pandemic brought your loan balance below the maximum debt relief amount: $10,000 for all borrowers,. My balance prior to this was over $71,000 and my refund showing due totals a little over $5,800. Here is a list of our partners and here's how we make money. Moving forward, all PSLF forms will be reviewed for eligibility under the PSLF and TEPSLF programs. How long after your loans were forgiven did you get the refund ? Congratulations! No contact. Last weeks bombshell announcement on expanded Public Service Loan Forgiveness was life-changing news for many borrowers. Although the 10-year Standard Repayment plan is eligible, if you were to stay on this plan, your loans would be paid that some borrowers want to pay off their loan as quickly as possible, and we encourage those borrowers to make extra payments. Your advice/knowledge greatly appreciated. Press question mark to learn the rest of the keyboard shortcuts. I made all the monthly payments until the CoVid pause. instructions. NerdWallet strives to keep its information accurate and up to date. Sorry, this post was deleted by the person who originally posted it. $650. But the problem is that none of the payments borrowers made before they consolidated counted as qualifying payments for PSLF. Student Loan Forgiveness - There is growing support for some form of student loan forgiveness for borrowers. Refund requests can be made only by you and refunded to you, even if someone else made a payment on your loan. So looking for a suggestion. Yesterday I received a check from the Federal Government Dept. If legal challenges succeed in striking down the White Houses plan to forgive up to $20,000 in student loan debt, youll be on the hook for your entire student loan tab including the refunded amount. Jason Doresky received a $10,000 refund in September for payments he had made on his federal student loans . Forgiveness and Discharge - Nelnet When you're ready . 13, 2020, leaving you with a current balance of $5,000. I recently consolidated with Mohela and submitted my pslf application a few weeks ago and just got an electronic letter from Mohela that there was a delay in processing but that they will be reviewing my request within 10 business days. list of our trusted federal student loan servicers, waiver if your form is later approved. Very nice surprise! My balances are now negative, indicating I am owed a refund. On both the FSA and Mohela websites it says my balance is 0. Student debt relief lawsuit heads to Supreme Court.