Student Loan forgiveness

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Specializes in orthopedic/trauma, Informatics, diabetes.

Anyone get a notification about loans being forgiven?  I am in the PSLF program, but I got an email that a portion of my loans were forgiven this month. The letter said I was not liable for taxes (mine were not private loans). 

This just cut my loan balance in half!  I have 4 1/4 years left on my PSLF but the payments are less than half of what I was paying. The loans were my RN-BSN loans. I had paid off my non-nursing loans off before I switched to nursing. 

Sometimes there is good news 😄

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I am concerned about this. I have not had any of my debt forgiven. Is it because I made too much money last year? Last year I had a $135k gross income as a single person.

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Specializes in Nurse Leader specializing in Labor & Delivery.

I keep hoping to get an email, but nothing so far. I took out $16,000 in loans, have been paying for over 10 years. I've paid around $19,000 in that time. And I currently owe $11,000. Sigh. 

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Specializes in Vents, Telemetry, Home Care, Home infusion.

Public Service Loan Forgiveness (PSLF) Program

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Specializes in Vents, Telemetry, Home Care, Home infusion.
dsaprog said:

I am concerned about this. I have not had any of my debt forgiven. Is it because I made too much money last year? Last year I had a $135k gross income as a single person.

Public Service Loan Forgiveness (PSLF) Program requirements
 

Quote

If you're employed by a government or not-for-profit organization, you might be eligible for the PSLF Program. The PSLF Program forgives the remaining balance on your Direct Loans

  • after you've made the equivalent of 120 qualifying monthly payments under an accepted repayment plan, and
  • while working full-time for an eligible employer.

Check their latest guidelines regarding forgiveness requirements.

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Specializes in orthopedic/trauma, Informatics, diabetes.
dsaprog said:

I am concerned about this. I have not had any of my debt forgiven. Is it because I made too much money last year? Last year I had a $135k gross income as a single person.

That's about what I made during Covid. Mine is a little lower now that I am not doing so much OT. I did see a note about the loans being over 10 years old. I got my first degree in 1995, a masters in 2005 so I have been paying/deferred/paying for a while. 

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