WebOn April 19th, 2024, the Department of Education (ED) announced a one-time waiver for how qualifying payments are counted for the income driven plans (IDR) available to … WebStudent Loan Resources. Federal Family Education Loan Program (FFELP) Existing FFELP loans originally issued by MFA-SLP are serviced by Nelnet who can assist with: Making …

Potential Student Loan Forgiveness Loophole Could Cause Problems An…

WebJan 30, 2024 · This is the same as the loans that were eligible for the payment pause and interest waiver during the pandemic. In particular, it includes loans in the William D. Ford Federal Direct Loan Program ( … WebMar 8, 2024 · FFEL Student Loan Cancellation. Ed-owned FFEL loans can benefit from President Biden’s $10,000 to $20,000 cancellation plan if your income qualifies and if the … trophy lake golf course washington

What Are FFELP Student Loans? Bankrate

WebIf your loans have been FFEL loans and you just consolidated them to direct so they will be PSLF eligible thanks to the waiver, you will not be eligible for a refund. Only payments in excess of 120 on direct loans after the final consolidation. Some examples: FFEL loans with 160 qualifying payments consolidated to direct = no refund. WebAug 24, 2024 · Because your FFELP loans are not held by ED, the CARES Act benefits, including the extension of such benefits, do not apply. For more information on the Coronavirus ... In addition, the limited PSLF waiver ended on October 31, 2024; however, ED announced on October 25, 2024 that all the qualifying periods under the IDR one … WebOct 11, 2024 · Under the expanded eligibility, the original 60 payments now count towards PSLF. Thus, you have made a total of 140 PSLF payments. Because you made the 20 extra payments towards a direct loan, they qualify for a refund. However, if you didn’t consolidate and made all 140 payments towards the FFEL loan, you can still qualify for PSLF, but a ... trophy land