PSLF forgiveness

[SweetCreditObsession]

Congratulations!

I'm nowhere near receiving it (at least three+ years of payments left), but I'm happy for you.

[720orBust]

I will also hopefully have 20k forgiven by feburary. I hope I am able to get more. May I ask how you were able to get forgiveness? I know if you are a teacher you can work at some schools and get forgiven. Are there other options? 

[720orBust]

Wow, congrats to you. I know it could not be easy or at least it took time to get there. Congrats to you and hope to see a post for you 850 haha 

[720orBust]

I am also afraid mine will go down also. But we will see in Feb. 

[daisiduk1]

I took an 100 point hit when my loans were forgiven last month...

I thought it was my credit card usage at the time. Later realized that the closed account is what happened.

$95K wiped clean. I'm soooo grateful....

My score is creeping back too....

[ItsCASHual]

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@daisiduk1 wrote:

I took an 100 point hit when my loans were forgiven last month...

I thought it was my credit card usage at the time. Later realized that the closed account is what happened.

$95K wiped clean. I'm soooo grateful....

My score is creeping back too....

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When did you turn in your PSLF form to Mohela?

I turned mine in back in mid-July and when I called last week to check status they said they have received my stuff but it has not been processed yet "due to the overwhelming demand." 

Anxiously waiting.....I'll take a 100 point FICO hit for that in a New York minute

[daisiduk1]

I did my application in October. Like October 13 or so.

I never even faxed or mailed anything and my loans were still cleared...

I do live in NYC, i know in my state there was some type of list sent of people eligible for forgiveness.

my score bounced back fast. i'm only down 24 points now.

[donkort]

When I got my loans transferred to MOHELA, my scores went up about 15 points due to a gap in reporting.

When MOHELA started reporting, I lost the 15 points I gained.

My loans, 1 week ago, were fully forgiven under PSLF.  I'm almost positive I will get the 15 points back.

According to the Experian simulator, I would gain 15 points with a zero balance, but 35 points with a $1 balance.

[SweetCreditObsession]

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@donkort wrote:

When I got my loans transferred to MOHELA, my scores went up about 15 points due to a gap in reporting.

When MOHELA started reporting, I lost the 15 points I gained.

My loans, 1 week ago, were fully forgiven under PSLF.  I'm almost positive I will get the 15 points back.

According to the Experian simulator, I would gain 15 points with a zero balance, but 35 points with a $1 balance.

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Congratulations on the forgiveness! Your scores will rebound in time but what's even more valuable is that you've finally got that debt cleared 😃

[donkort]

Absolutely----Thanks!

I saved about $289 a month for a couple of years, then a little over $400 a month for the remainder of the paymenet period, which is about ten more years.

I feel very fortunate.