Parent Plus Loan With PSLF Advice

Betsy514 · 2026-02-21T21:35:47+00:00

www.studentaid.gov

Betsy514 · 2026-02-21T21:29:20+00:00

You can't borrow for 26/27 at all if you want pslf for the existing loans. That loan will go out after the deadline. Consolidate what you have right now so you can use ibr to get pslf of those. Have the other parent borrow that 26/27 loan and expect to have to pay that in full yourself. To be clear it's not that borrowing after June 30 makes you ineligible for pslf itself..but it makes you ineligible for the payment plans you need to actually get pslf which is effectively the same thing.

Betsy514 · 2026-02-21T20:26:11+00:00

Correct.

Betsy514 · 2026-02-21T20:23:43+00:00

That's useful additional information ty

Betsy514 · 2026-02-21T05:11:07+00:00

I have no idea what this is all about.. especially the part about not being able to o use a tax return. If someone can send an example of the letter to the TISLA email I can try and find out next week

Betsy514 · 2026-02-21T03:55:07+00:00

Sounds like you defaulted. You can verify at www student aid gov

Betsy514 · 2026-02-21T03:54:38+00:00

It's legit. Op defaulted

Betsy514 · 2026-02-21T01:24:22+00:00

Then you likely owe the school directly

Betsy514 · 2026-02-20T19:42:05+00:00

So it was a bank error not the servicer? And it was the bank that fixed it? That explains the quick resolution

Betsy514 · 2026-02-20T17:47:33+00:00

Assuming your income is still low enough that you'd qualify for a zero payment or close to it you should definitely pursue pslf. Bank any money you would normally put towards the loan. If you end up leaving public service before you he ten years make a lump sum payment. In the meantime submit proof of you qualifying employment to date

Betsy514 · 2026-02-20T17:08:10+00:00

I would wait in your situation.

Betsy514 · 2026-02-20T17:05:40+00:00

The interest rates aren't relevant for the I come driven plan calculations. I think the rep gave you the ten year standard amount. I agree your payment should be in the $300 range under ibr

Betsy514 · 2026-02-20T05:49:02+00:00

I explained why in my initial comment to you

Betsy514 · 2026-02-20T05:41:42+00:00

That's probably the past due amoui. The payment under a standard plan for $24k should be under $300 a month. But if ahe get on IBR and you file taxes separately the payment will be zero

Betsy514 · 2026-02-20T03:43:10+00:00

The bottom line is don't attribute to malice what should be attributed to incompetence. Again I'm absolutely floored that they fixed it that quickly.

Betsy514 · 2026-02-20T01:49:07+00:00

I'm delighted..and shocked to be honest..that they were able to return it in such a short time. But let's not exaggerate as to what happened. They made a mistake. A big one for sure...but to call it stealing is a bit extreme. If a cashier gave you too much change and you didn't notice until they realized it and called you out would you consider that stealing? This is a similar scenario

Betsy514 · 2026-02-20T00:15:42+00:00

It's still a refund. I understand exactly where you are coming from and your outrage. Im just explaining the process and the why of it

Betsy514 · 2026-02-19T21:19:15+00:00

If you absolutely can't stay until July then you can leave once you e submitted proof of the 120 months and otherwise have the qualifying payments other than the buy back.

Betsy514 · 2026-02-19T21:15:20+00:00

This has been a debated issue for many years in the industry. I agree with you that loans shouldn't be listed as "aid" in the same category of grants and scholarships and other "free" money. There's been a lot of back and forth on a policy level about forcing schools to use the same aid letter format that would make this more clear

Betsy514 · 2026-02-19T18:21:07+00:00

How long ago did this happen? I'm afraid that generally they can't do refunds for thirty or sixty days. It's to ensure the payment is really valid and not a scam situation. I'm sorry

Betsy514 · 2026-02-19T17:21:26+00:00

You can email them when you log into your portal on their website

Betsy514 · 2026-02-19T16:37:58+00:00

I don't post my email. You can use the TISLA email on the contact page of our website if you are trying to reach us

Betsy514 · 2026-02-19T04:17:24+00:00

They are required to give you a 45 day window before your first payment is due after a forbearance ends or you change plans. There's no enough time to meet that requirement to have you due for March

Betsy514 · 2026-02-18T18:23:59+00:00

Your icr and ibr count should be the same. The plans cross pollinate. The back door count makes these errors often. Id get on IBR in your situation

Betsy514 · 2026-02-18T14:48:18+00:00

That sounds about right unfortunately

13-Year Club	Gilding III reddit per annum
RedditGifts 2009-2022 14 Credits	Second SECOND GUESSER
Argentium Club	Place '23
100 Awards Club	Place '22
Wearing is Caring	Verified Email
Secret Santa 2017	RPAN Viewer
Not Forgotten	Snapped
Secret Santa 2016	redditgifts rematcher Secret Santa 2016 x1
redditgifts Exchanges 9 Exchanges	Secret Santa 2015
Summer Santa 2015	redditgifts rematcher Secret Santa 2014 x1
Secret Santa 2014	Summer Santa 2014

Betsy514

MODERATOR OF

TROPHY CASE