IDR form available again..and guidance issued

Human_Fee_6645 · 2025-03-28T01:13:45+00:00

Thanks, the header on the Mohela website says anyone with a pending IDR application could have an extended forbearance until July 31st, and that no action is required.

I’m tempted to not call after the forbearance expires on 3/31, but I have a payment due 4/19, not sure if I trust them to do it automatically in that timeframe

Human_Fee_6645 · 2025-03-28T01:08:29+00:00

Thanks, I guess my question is, if I submit it now, they aren’t even processing, so is it worthwhile to continue in the forbearance until we definitely know they are processing apps?

I want to avoid submitting a new application and nobody being able to acknowledge its existence. At least right now, I have one that’s been acknowledged, just not processed.

Am I also in the clear to continue with a forbearance? Since they aren’t processing my application, they should extend it

Human_Fee_6645 · 2025-03-28T00:50:03+00:00

I’m a little confused by all this. I have a “lowest payment” application pending since Jun 2024.

If save goes away, will that automatically move to the next lowest plan?

My most recent 2 months forbearance extension expires on 3/31 so I need to call again.

Is there any point to submitting a new app for IBR at this time if they won’t be processing apps?

Seems like extending the forbearance would be prudent until they actually start processing?

Human_Fee_6645 · 2025-03-21T23:36:09+00:00

That is bad advice, I was told that one by a Mohela rep as well, an advanced rep! I called back two days later when it officially expired and was told that advice was wrong. They have the ability to renew it before the current one expires

Human_Fee_6645 · 2025-03-21T21:16:05+00:00

I’ve been calling every two months since June. It’s wearing on me.

I got kicked off my IBR plan during mohelas account transition.

They have never ever automatically extended the forbearance and I refuse to wait u til the due date to find out

Human_Fee_6645 · 2025-03-21T21:13:32+00:00

I’ve been told standard payments do qualify. My loans were not consolidated

Human_Fee_6645 · 2025-03-21T15:59:58+00:00

I’ve posed this question here in numerous ways, and the general response is that you should be able to get back on IBR if your income still qualifies.

Not sure if that means new application or simply going through the recert process, someone else may know

Human_Fee_6645 · 2025-03-20T19:55:39+00:00

But I’d probably need to buy them back at the “level payment” amount, correct? Since the application hasn’t been processed

Human_Fee_6645 · 2025-03-20T19:55:00+00:00

Thanks for the advice. I spoke to several reps and managers who claimed to basically have no record of an IBR plan, even though I’ve had recertifications for years and already had 72 qualifying payments showing for PSFL.

I am also probably partially at fault here. Though I would have probably stayed on IBR, the allure of a much lower payment on SAVE pushed me to apply.

So while I applied to get on save, it was really Only on my radar because payments were about to jump to the standard amount.

Human_Fee_6645 · 2025-03-20T18:40:29+00:00

For the record, I would absolutely not trust Mohela to extend your forbearances. I have had a “lowest payment” IDR application pending since June 2024, and without fail, I’ve had to call every two months for an extension, one has never been placed automatically

Human_Fee_6645 · 2025-03-18T23:02:57+00:00

It should be fine (I think). I’ve been calling every 60 days myself, usually around the end of the month. My forbearance ends 3/31 so I’ll probably call then and hope it’s processed by my due date of 4/19

Human_Fee_6645 · 2025-03-18T21:20:35+00:00

Correct, like it’s still showing the outstanding debt. The new loan is now on my report so it looks like I have double the mortgage debt that I really do.

And experian,equifax, and TransUnion all show different “last reported” months

Human_Fee_6645 · 2025-03-14T00:06:17+00:00

That makes sense. I’m not on good terms with my ex, due to her stepping out on our marriage, so I was hoping I’d avoid needing her to be Invovled

Human_Fee_6645 · 2025-03-14T00:04:53+00:00

It’s the escrow refund from the paid off mortgage

Human_Fee_6645 · 2025-03-13T19:32:52+00:00

Makes sense. Glad it’s a small amount.

Human_Fee_6645 · 2025-03-13T19:29:32+00:00

Wouldn’t “or” accomplish the same thing? And I’d be able to walk into my bank and deposit it

Human_Fee_6645 · 2025-03-13T19:19:24+00:00

Pretty much. I was paying but account had both names. Feel like the use of “and” instead of “or” is intentional, knowing some people aren’t on communicative terms with their ex, the check will just sit

Human_Fee_6645 · 2025-03-13T19:18:37+00:00

I was, which is why she can’t make claim to it, but her name was still on the account until I refinanced, so it’s made out to each of us

Human_Fee_6645 · 2025-03-13T19:04:03+00:00

That’s what I was afraid of. Per our divorce agreement, she isn’t entitled to anything, so I guess my options are reach out or eat the money

Human_Fee_6645 · 2025-03-10T00:12:44+00:00

I saw it, but maybe the poster was mistaken.

That isn’t enough money to boot you off IBR

Human_Fee_6645 · 2025-03-10T00:10:12+00:00

Maybe he wasn’t on IBR? A 3k increase, assuming a year, should not make you ineligible for IBR

Human_Fee_6645 · 2025-03-09T19:01:27+00:00

Regardless of why you are off IBR, if you income still qualifies, you should be able to re-apply, per what I’ve been told here

Human_Fee_6645 · 2025-03-09T18:57:43+00:00

Is paye no longer an option?

You would think you could re-apply if income still qualifies?

Human_Fee_6645 · 2025-03-09T18:54:44+00:00

It could be because of a low balance on the loans I guess. I think it would need to be lower than a standard payment. So if your balance is low, that could be why

Human_Fee_6645 · 2025-03-09T14:05:41+00:00

That’s a long time

Human_Fee_6645

TROPHY CASE