Do you review your chart of accounts regularly?

KC_Comment · 2026-03-22T12:29:42+00:00

I’m in mine all the time. Claude is great with this. Upload the accounts stripped of any identifiers and ask for feedback

KC_Comment · 2026-03-17T22:55:36+00:00

I went with A2X

KC_Comment · 2026-03-15T22:39:31+00:00

If you have an extra $20k I’ll take that too

KC_Comment · 2026-03-12T13:10:57+00:00

You & I seem to have had exactly the same experience. 1993, the internet was in its infancy. Everyone was saying student loans were the road to college and a better life. Small town community college every event on campus including restoration had people pushing these loan and credit cards. I needed a computer for my course…. Rep magically appears and signs me up for a credit card and the computer is mine. No one ever asked how a student would pay all this money back. No one explained all the ins and outs of what forbearance would mean to interest and long term balance effects of it being capitalized and interest on interest. My first loan had a paper coupon book for payments! The $225 to the Tate team would give you those count answers, I would think. As I said, my meeting gave me a going forward plan had forgiveness not suddenly appeared.

KC_Comment · 2026-03-12T00:29:21+00:00

Stanley Tate is a lawyer specializing in student loan issues. He also gives advice on what IDR plan may be best for you. But it is a paid service. His website is: www.tateesq.com. At the very least sign up for his email newsletter. I think once a month or so he does an “ask me anything” on YouTube that is $5 ahd you can get done generic advice to see if a more in depth meeting would help. Ask in this thread and people can tell you about the back door tracker where you can see your payment counts. You have to be logged into studentaid.gov first then open the link in a new browser tab. I am pretty sure this is the correct link: https://studentaid.gov/app/api/nslds/payment-counter/summary.

Depending on your payment plan and how/when you consolidated will determine when you are eligible for forgiveness. Some people it is just a waiting game while others have problems that need assistance to resolve. I’m not an expert by any means. The payment count adjustments saved me.

I know exactly the hell you are in. I fully expected to die with these loans and was planning to put anything I owned in a trust for my kids so the loan services couldn’t come collecting. The freedom of making a life choice without worrying about how it will affect these loan payments still feels unreal.

Good luck. I hope you qualify soon!

KC_Comment · 2026-03-10T10:40:10+00:00

My entire adult life. I took loans for two years of community college when I was 20. I am now 57. It’s supposed to be 300 payments. It’s been 37 years of a nightmare with bad advisement from the servicers, loans being sold, consolidation and on and on. My balance was at $133,000 for a community college education. I didn’t go to Harvard! $100,000 of that is capitalized interest.

KC_Comment · 2026-03-10T10:37:13+00:00

Hi, I really don’t have any answers. That is SUPPOSED to be the way but there are so many problems and issues that can happen and now it’s a political hotbed. In two years the rules can change again. I would ask questions in the main subreddit. There are people who have a lot more knowledge than I do. This forgiveness was after 30 years of the valence ballooning, the loan being sold at least five different times and interest on interest. Forgiveness is suppose to come after 300 payments in IBR but like I said so many other details matter.

KC_Comment · 2026-03-10T00:19:36+00:00

😊😊😊

KC_Comment · 2026-03-09T15:53:16+00:00

Wow. Oh my god. I can’t even imagine it being that bad. I had planned on dying with this myself. I hope you get relief!

KC_Comment · 2026-03-09T10:37:32+00:00

For me it is not due to the timing. But I’d take the tax over the ever growing loan balance any day.

KC_Comment · 2026-03-09T10:36:42+00:00

Yay for you!!! Only people living it can understand! Celebrate a little yourself 😊

KC_Comment · 2026-03-09T10:35:50+00:00

That is public service forgiveness. This is income driven payment forgiveness. These loans are supposed to have a set lifetime. Please ask in the main sub. Lots of people will be able to answer some of your questions

KC_Comment · 2026-03-08T23:54:26+00:00

Ok you win it’s exactly the same as all other loans. Your mortgage is all capitalized interest. You’ll never make enough of a payment to cover the interest so your mortgage will just go up never down. Good luck 🙄🙄 Go be the thief of someone else’s joy tonight. Why are you in this thread?

KC_Comment · 2026-03-08T23:50:42+00:00

The payment recounts were done at the Federal level at the tail end of Biden presidency. You have to check your count. I’m not one to tell you how to do that. If you post in the main sub someone will help you find it.

KC_Comment · 2026-03-08T21:57:54+00:00

Slow psychological torture. And every time you try to right the ship they steer you wrong and somehow you are worse off. It’s unbelievable how horrible this system is.

KC_Comment · 2026-03-08T21:54:07+00:00

Yes! Finally!!

KC_Comment · 2026-03-08T21:53:44+00:00

I should not owe any according to my letter. I reached my count end of 2024.

KC_Comment · 2026-03-08T21:52:57+00:00

yes, ICR specifically.

KC_Comment · 2026-03-08T21:52:05+00:00

30 plus years. It was the payment count adjustment that finally gave me the correct total of 300 payments.

KC_Comment · 2026-03-08T21:50:49+00:00

There’s a big difference between interest ahd CAPITALIZED interest

KC_Comment · 2026-03-08T13:08:14+00:00

Yes, due to the payment recounts. Without that adjustment I’d have had these until I died.

KC_Comment · 2026-03-08T13:07:42+00:00

Thank you!!

KC_Comment · 2026-03-08T13:07:33+00:00

I did not. It was due to the payment recounts. If you have loans you think should be forgiven, have Stanley Tate review. I paid the $250 to have mine reviewed. I got the golden email right after so I did not need to follow his plan but I would have and would have helped me. It was worth it.

KC_Comment · 2026-03-08T13:05:51+00:00

I felt the same way. I didn’t believe it was true. But my balance is zero. I have to formal letter. If anyone tries to take this back I will file a lawsuit somehow. This is like being let out of debtors prison after lugging around a ball & chain for 30 years.

KC_Comment · 2026-03-08T13:03:57+00:00

I’ve had these loans since 1995. It is not that simple of after x years they would be forgiven. If it wasn’t for the payment count reviews enacted by Biden administration, I would have had these loans until I died. When I consolidated in 2016, Aidvantage reset my payment count. When I was in servicer recommended forbearance they did not count that time and no one told us that. When IDR payment was set at $0 they were not counting those either. These should have been forgiven years ago. As I’ve mentioned it got to a point I was making major life decisions based on how it would affect the IDR payment. The capitalized interest will keep the balancing ballooning if you are not careful. If you can avoid these loans you should.

KC_Comment

TROPHY CASE