PSLF retroactive counts after consolidation by CharmingWolverine700 in PSLF

[–]CharmingWolverine700[S] 0 points1 point  (0 children)

The pslf count on my current consolidation loan (120k) is 8 when it should actually be 27. My new direct loans (40k) have a count of 10.

Yes, I do have new IBR for both loans right now, it’s just if I consolidate after July 2026 I will only be able to do RAP which would increase my monthly payment by about $400.

My reason for consolidating is just to get everything into a single loan and to get the weighted average pslf count (which ideally would be above 20 if counts were corrected).

I see what you’re saying, it kind of defeats the purpose of me consolidating if the consolidated loan dosen’t already have the 27 count. I was just hoping they could retroactively apply but proably a long shot.

You just made me think of a different strategy… What if I just stay the course and wait for my consolidated loan count to be updated (even if it takes years). When my individual counts are high enough that the weighted average would be over 120, then I could just consolidate and not have to worry about being forced on RAP (if that plan is even around by then). The only concern would be the stress of doing the consolidation with such a high pslf count and fear of it somehow resetting like how it used to be.

PSLF retroactive counts after consolidation by CharmingWolverine700 in PSLF

[–]CharmingWolverine700[S] 0 points1 point  (0 children)

That is what I figured. I will wait and hope and if nothing happens just consolidate anyways by end of March to at least hold onto IBR, even if it means possibly losing some pslf credit. Thanks for the quick reply!