Do the 3 years of the COVID student loan pause count towards the loan forgiveness for the standard loan payments plan?

Related Questions

• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Should I consider consolidating my federal student loans, which have varying interest rates ranging from 2.5% to 5.05%, now that the grace period is ending and interest rates are starting up again? I've also heard about different repayment plans on FAFSA, like the SAVE plan, but I'm not sure how they work. What would be the best approach for paying off my total student loan debt of $60,000, with $30,000 each from Federal and Private, considering my private loan interest rate is 5.64%?
  FAFSA is the Free Application for Federal Student Aid and it is the thing you fill out to get ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  If my initial loan balance was above $27,000 and now it’s $12,000, will my forgiveness period be 10 years now for SAVE Plan of Student loan?
  No, your repayment period is only based on your initial balance.
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  How can I make sure my student loan repayment years count towards forgiveness with an undergrad FFELP consolidation loan and multiple grad school loans? I'm close to the 25-year requirement, but my income may be too high for IDR plans. Should I consider the SAVE plan for higher payments?
   Take the federal poverty level for your family size and multiply it by 2.25. Take whatever number you get ...
  
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• 
  Robert James
  

  20+ years of experience in IRS matters .
  Getting married and concerned about tax implications due to my back taxes and student loans.Should we file jointly or separately? How can I find an itemized account of past IRS tax refunds? Is student loan forgiveness a possibility?Will my wife's return be withheld if I owe back taxes?
   It's really hard to say what would be the best scenario without knowing what state they are in and ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Why does the loan consolidation for my $98,000 in graduate loans under SAVE result in a total payment of $198,000 over 25 years, doubling the loan amount, despite my understanding that interest would be waived? Is there something I'm overlooking compared to PAYE and IBR plans, which calculate a total payment of $167,000?
  98000 at an example 6% interest, accrues approximately $490 a month in interest. If you pay $436, they waive ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  If my student loan repayment is $0 a month on the SAVE plan, am I still gonna get charged interest even if I’m following the “rules” of my plan and not paying anything?
  Interest resumed effective Sept. 1, 2023. Under the SAVE Plan, if you qualify for a $0 payment, interest is ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Is student loan forgiveness taxable?
  If you’re not on PSLF, current law indicates that student loan forgiveness is taxable at the federal level. There ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Do I still need to “make a payment” if my payment is $0 thanks to SAVE student loan plan?
  No, you don’t need to do anything.Set autopay to 0.
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  When I filled out this year's application, it clearly stated I can only apply for IBR. Now, I have read that for starting balances of less than 12k with 120 payments; the balance of loan will be forgiven. To accomplish forgiveness, I will have to consolidate and apply for repaye/save before 12/31/23? Loans are FFEL at the moment and I have been on an IBR for years
  FFEL loans don't qualify for SAVE, the only income-driven repayment plan they can go on is IBR If they are ...
  
  1 0 0
• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Does the SAVE plan include loan forgiveness after a certain number of payments, similar to the IBR plan, or is it different in this regard? I'm trying to decide which plan to choose.
  IBR has forgiveness after 20 or 25 years worth of repayment, depending on if you're on IBR for old ...
  
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• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Should I contact the DofEd Ombudsman, CFPB or TISLA to obtain an accurate and objective status for my husband's student loans during the disputed period, considering the discrepancies between Mohela and FSA records?
  The servicer is the one that feeds the data to the feds so it's very odd that the history ...
  
  1 0 1
• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  In SAVE Plan, how many years before my student loans are forgiven?
  20 years for solely undergrad loans with initial balances above $22,000. 25 years for grad only loans or grad ...
  
  1 0 1
• 
  Abbey Johnson
  

  Helping with Student Loan Documentation .
  Are my private student loans eligible for the SAVE plan?
  No, only federal loans.
  
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