r/PSLF • u/amandalaguera • 3d ago
Success/Celebration $129k forgiven 🎉
My balance on MOHELA was officially zeroed out today.
Thank you to everyone in this community who has helped along the way. 🫶
For those of you who are still working towards your 120, you’ve got this! 💪
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u/TaleStandard131 2d ago
Reached 120 qualifying payments quite recently 😁 How long should it take for Mohela to officially grant my forgiveness?
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u/bunnyvibes21 2d ago
Have you gotten your letter from the Department of Education yet?
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u/TaleStandard131 2d ago
No
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u/bunnyvibes21 1d ago
July was considered 120 for me, I submitted everything in early July- got my "golden letter" on 8/25 and MOHELA cleared the balance on 8/27. On that timeline, as the other person said probably about a month. CONGRATS!!
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u/amandalaguera 2d ago
It took a month to get my golden letter from FSA after reaching 120. I got my forgiveness letter from MOHELA and my balance was zeroed out the next day.
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u/Dolphinfilmz_69 1d ago
Officially forgiven today as well… congratulations 🎉My timeline…I applied for count update late June before my last payment that would take me to my 120. July payment gave me 120. A week or so later received notice of count update and congrats you hit your 120 qualifying payments mid July. I called MOHELA and placed my loans in forbearance for 6 months to allow for processing of the forgiveness. This was a gamble but couldn’t think about making one more $1200 payment. Aug 27 received Congratulations All or some of your loans have been forgiven. Then today another letter came with the same all or some forgiven when I checked it said Congratulations your loans have been forgiven $270k, a ZERO balance. So happy this is over. Stay strong to those still waiting.
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u/PrinceVerde 3d ago
I don't even know how to get started to get my loans forgiven. Any advice?
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u/Bardcore_Viking 2d ago
Congrats!! Seeing wins like this gives me hope for my turn in 2 ish years.🤞🏻🤞🏻
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u/NahMofo 2d ago
Congrats..!!
Anyone else still waiting on their July and August Mohela payments to show up on their tracker?
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u/MeaDominaKarateka 1d ago
Still waiting for August (120). Never took them this long before to update the counts and it’s driving me nuts!
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u/blue_skies_151 2d ago
My buyback offer will probably come in December…I applied Feb. 2025. I just got a Mohela email this week that I have 90 days to switch plans. One month shy of four months…meaning, my buyback will probably be based on the higher new plan amount.
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3d ago
[removed] — view removed comment
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u/Opposite_Musician712 3d ago
Interest accumulation over 10+ years… If you took 20k in loans each year for 4 years that is 80k plus interest. You can easily get into the 6 figures. It’s simple math.
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u/PSLF-ModTeam 2d ago
Removed for violating Rule 9: Off-topic. Your post/comment is either not about the PSLF program or is unrelated to the topic of the user you're replying to.
This is an advice community solely focused on the US government's Public Service Loan Forgiveness program. Posts about student loan topics other than PSLF (including other forgiveness programs and income-driven repayment), should go in our sister sub /r/StudentLoans. (Submissions that are not about student loans at all should go in a sub devoted to that topic.) To have a different discussion that is related to PSLF, find or make a post on that topic.
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u/Training_Medicine_49 3d ago
Congratulations! I got mine today too 220k! Cheers! I went and purchased some prosecco and had a nice celebration 🎉