Скачать или смотреть Office Hours 8.14.24: Paper applications for IDR plus post-PSLF steps, & Financial Aid eligibility

Office Hours is a semi-monthly virtual student loan clinic presented by the Maryland Center for Collegiate Financial Wellness. We answer your questions in this free, trusted venue to help you navigate student loans and prepare for financial success beyond repayment.
The content in this video is based on information available as of August 14, 2024. Hosted by ‪@tisasilvercanady‬

This edition covered topics including:

Discussion on completing paper forms for IDR and Consolidation Applications
Managing employment certification forms (ECFs) when nearing the 120-payment mark
Guidance on maintaining eligibility for financial aid

Disclaimer: Office Hours is presented by the Maryland Center for Collegiate Financial Wellness for informational purposes only. The information presented does not represent financial or legal advice. Borrowers are responsible for all decisions and outcomes related to their student loan repayment and/or cancellation experience. The borrower experience is evolving, more changes are expected and we will share them in future editions of Office Hours.

#Maryland #financialaid #FAFSA #studentloans #studentloanforgiveness #IDRadjustment #consolidation #parentplus #PSLF #studentloandebt #FFELP #FFEL #officehours #mhec

Content
00:00 Welcome
01:14 Disclaimer
02:15 Updates: SAVE and Events
06:15 Can I do the paper form of both the IDR and Consolidation Application since it is not available online?
09:00 I can’t get my old tax returns, has anyone done the buy back and know if they’d accept a tax transcript?
12:32 I checked FSA to see my PSLF count and the number of payments differ between my unsubsidized/subsidized loans vs. Graduate Plus loans. Can I still consolidate and bring the PSLF payment count up to the higher count?
15:50 I was just given forgiveness. My discharge date was backdated, and my payment count was over 120. Nowhere does it say anything about a refund. Do I do anything, or is this automatic?
18:47 My daughter is a recent grad school graduate with significant debt, working at a nonprofit medical facility. She submitted a SAVE application around July 1. Should she wait to see how this plays out, or should she look for another option?
22:05 Is it worth submitting an ECF now or should I wait until September when I will hit 120? Can I make my Sept. payment on the 1st of the month and immediately submit my ECF or does the ECF need to have an employment date through the end of Sept?
27:37 I may be over thinking but I know for FAFSA you need 12 or more units! I dropped a class and then added a new one so I am still above 12, I just wanted to make sure that would have no adverse effect on my aid since the quarter hasn’t started yet?
31:14 I’m a freshman attending a community college this fall. I was awarded the Pell Grant but I do not want to owe money back. Would I just return that Pell Grant money? How would I differentiate it from free money?
33:29 I have an out-of-state license, but I receive in-state tuition due to my parents. I'm filling out my FAFSA, and it’s asking for my state of residence. Is Georgia my state of residence, even though I have an out-of-state address? For school purposes, I use my parents' address.
35:56 Resources for Marylanders: Student Loan Debt Relief Tax Credit for 2024 and Student Loan Ombudsman
41:22 Bonus Question Answered: Where to find repayment plan details?
43:25 Closing Remarks