Sentences with phrase «qualified payments»

Hi, I'm about 7 years into my 10 years of qualifying payments for public service loan forgiveness.

You can decline an in - school deferment on your loans that are in repayment status and make qualifying payments on those loans while you are in school.

This plan only works if you make 120 qualifying payments under one of the previously mentioned qualifying federal student loan repayment plans.

Where can I see how many qualifying payments I've made?

Those who work in a public service job for at least 10 years and have made at least 120 qualifying payments towards their student loans may be eligible.

You may qualify for the remaining balance of your Direct Loans to be paid off after 120 qualifying payments while working full - time for the government or a non-profit.

Additionally, if you received an up - front interest rebate, and you have not made the on - time qualifying payments to earn the rebate, the rebate may be lost.

For instance, the public service loan forgiveness program requires you to make 120 qualifying payments before the loan is forgiven.

As drafted, the legislation would provide those carriage operators who qualify payments to obtain green taxi licenses.

The 120 qualifying payments do not have to be consecutive - an example would be if you were at one point working for an organization that was not considered a qualifying employer.

The application for forgiveness can be completed after making the 120 total qualifying payments.

You and your spouse can designate that otherwise qualifying payments are not alimony.

The latter will not receive forgiveness or accrue qualifying payments, but your payments under the program will count for your Direct Loans.

Under a loan rehabilitation program, you are required to make nine qualifying payments within ten months.

Each payment is counted individually to add up to 120, so once you're done with bonding time, you can have qualifying payments again.

Those two don't qualify, but I did not want to consolidate them and lose qualifying payments.

This includes, in the case of loan rehabilitation, both collection costs on the initial and subsequent qualifying payments and collection costs upon the ultimate sale or assignment of the loan.

What if you make 119 consecutive qualifying payments, at the same job for all those years, and then all of a sudden you get laid off?

You however need to reach 120 qualifying payments with a qualifying employer to be eligible.

I have worked at a public library since 2005 but have not made qualifying payments for that whole time.

You'll need to start over and make 120 qualifying payments on the new Direct Consolidation Loan.

Still, you can keep in mind that any debt after making qualified payments for 25 years is eligible for forgiveness.

They had already switched to a qualifying loan, but was unsure how many qualifying payments they had made.

In order to receive public service loan forgiveness, you must be employed full - time in a public service job and have made 120 qualifying payments while employed by a qualifying employer.

Additionally, if you received an up - front interest rebate, and you have not made the on - time qualifying payments to earn the rebate, the rebate may be lost.

You and your spouse can designate that otherwise qualifying payments aren't alimony.

View the number of qualifying payments counted toward forgiveness online anytime under View Loan Details.

Payments made in an IBR, ICR or PAYE repayment count as qualifying payments for those who work in the public sector and would like to apply for public service loan forgiveness, which is different than Obama Student Loan Forgiveness.

For example, if you were employed full - time by a qualifying employer when each of the required 120 payments was made, but your spouse never worked for a qualifying employer or worked for a qualifying employer only when some of the payments were made, the amount forgiven after the 120th qualifying payment would be the remaining balance of the loan attributable to the loans you originally received that were paid off by the joint consolidation loan.

Note: You will not receive credit for a PSLF qualifying payment if you request and receive a disaster forbearance (or any other deferment or forbearance) during the 30 - day period or make a payment more than 20 days after the due date.

If you're paying your current loans under an income - driven repayment plan, or if you've made qualifying payments toward Public Service Loan Forgiveness, consolidating your current loans will cause you to lose credit for any payments made toward income - driven repayment plan forgiveness or Public Service Loan Forgiveness.

What if I make my last qualifying payment while working for a qualifying employer, but then leave that job to work for a for - profit corporation before applying for the PSLF benefit.

For example, if you have a period of employment with a nonqualifying employer, you will not lose credit for prior qualifying payments you made.

Once you've made your final payment toward the 120 qualifying payments required for PSLF, you must fill out the PSLF Application for Forgiveness to receive loan forgiveness.

Deductions must be made from qualifying payments as they occur in the tax year.

Because you have to make 120 qualifying monthly payments, it will be at least 10 years after you make your first qualifying payment before you can apply for PSLF.

Qualifying payments include reduced payments under IDR plans, so you can save a significant amount of money.

As you know, 10 years of qualifying payments results in my loans being paid - off (supposedly) in the Public Service Loan Forgiveness Program.

Even worse than miscalculated payments is that you could find out you haven't been making qualifying payments at all.