My husband has loans that date back from 4/2003. Amount of FFEL loans was anound $35k. It’s at $60k. Over the years we had been paying on and off but in 2010 Navient placed us into forbearance/deferment when I became disabled. Per the advise from this group we consolidated in 3/2023 to an EdLoan and now with Nelnet. Because he had been on the SAVE plan since Covid, Nelnet switched him over to a Standard repayment Plan but still kept him in deferment. That said, I assumed we would have been part of the group that got their loans forgiven by now. I looked at the counters from the Department of Ed and listed them below. My question is … Have we reached the amount needed? If so what do we do we need to do? TIA!
[{"loanTypeCode":"D5","currentLoanHolderCode":580,"payments":null,"paymentCounters":
[{"type":"ICR","borrowerEligibleIndicator":"Y","loanEligibleIndicator":"Y","qualifyingPaymentCount":253,"eligiblePaymentCount":null,"forgivenessRequiredPayments":300,"forgivenessRemainingPayments":47},
{"type":"IBR","borrowerEligibleIndicator":"Y","loanEligibleIndicator":"Y","qualifyingPaymentCount":253,"eligiblePaymentCount":null,"forgivenessRequiredPayments":300,"forgivenessRemainingPayments":47},
{"type":"IBR_2014","borrowerEligibleIndicator":"N","loanEligibleIndicator":"N","qualifyingPaymentCount":247,"eligiblePaymentCount":null,"forgivenessRequiredPayments":240,"forgivenessRemainingPayments":0},
{"type":"SAVE","borrowerEligibleIndicator":"U","loanEligibleIndicator":"U","qualifyingPaymentCount":253,"eligiblePaymentCount":null,"forgivenessRequiredPayments":240,"forgivenessRemainingPayments":0},
{"type":"PAYE","borrowerEligibleIndicator":"N","loanEligibleIndicator":"N","qualifyingPaymentCount":253,"eligiblePaymentCount":null,"forgivenessRequiredPayments":240,"forgivenessRemainingPayments":0},
{"type":"PSLF","borrowerEligibleIndicator":"Y","loanEligibleIndicator":"Y","qualifyingPaymentCount":0,"eligiblePaymentCount":236,"forgivenessRequiredPayments":120,"forgivenessRemainingPayments":120},
{"type":"TEPSLF","borrowerEligibleIndicator":"Y","loanEligibleIndicator":"Y","qualifyingPaymentCount":0,"eligiblePaymentCount":236,"forgivenessRequiredPayments":120,"forgivenessRemainingPayments":120}],
"earliestEstimatedForgivenessDate":"2051-08-05","updateDateTime":"2026-03-07T13:14:41.442902","startDateTime":"2026-03-07T13:14:41.442902","outstandingPrincipalBalance":55325.4,"outstandingInterestBalance":4861.13,"saveDiscretionaryIncomePercentage":5.0,"saveSixtyMonthIndicator":null}]
These are the loan status from Navient before consolidation:
Loan Status Effective Date
Paid in Full by Consolidation 03/14/2023
Forbearance 08/01/2022
In Repayment 07/01/2022
Forbearance 10/01/2020
In Repayment 09/28/2020
Deferment 03/28/2020
In Repayment 03/02/2020
Forbearance 07/01/2019
In Repayment 06/26/2019
Forbearance 06/26/2018
In Repayment 04/27/2018
Forbearance 04/27/2017
In Repayment 02/27/2017
Forbearance 02/28/2016
Deferment 08/28/2015
In Repayment 04/18/2015
Deferment 10/01/2014
In Repayment 03/27/2014
Forbearance 03/27/2012
In Repayment 03/15/2012
Default 05/27/2011
In Repayment 09/15/2004
Deferment 09/15/2003
In Repayment 04/16/2003
Posted by KatnipHB