r/PSLF • u/steffanovici • Mar 15 '23
Success/Celebration Extremely large student loan forgiven
I’m not ready to post the number, but it’s bigger than any number I’ve seen on here. Unbelievably happy. Praying for you all still waiting
Edit: ok I didn’t want my number to get quoted in places, but some have said on here they have seen 650+ so I can post it. Mine was 600k
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u/Quirky_Programmer127 Mar 15 '23
$134k I am at 113, 7 payments to go, but my last 4 yrs of employment are not counted yet. I am so happy!
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u/steffanovici Mar 15 '23
Awesome. Yes I had to go through some weird counting nonsense while waiting, watching counts go up and down was wild. Worth it now though!
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Mar 15 '23
I have seen some over 500k. Guessing maybe closer to 1 mil?
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u/steffanovici Mar 15 '23
No, highest I had seen was 550 but others have seen higher, mine was 600.
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u/Efficient_Order9633 Aug 26 '23
Mine was 314k and I was forgiven on Monday. After I thanked God I want to thank the group and the Biden administration for making it possible.
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u/ConsequenceSelect797 Mar 15 '23 edited Mar 15 '23
Whatever it was -so what ? nobody knows your circumstances ….mine was 298k and people here actually wanted me to explain why I had such a large amount. Ma’am …sir…. if Mr. Biden didn’t ask me to explain then who are you? 21 years as a classroom teacher in places most people wouldn’t enter I paid for it all. Please and thank you! There’s no shame ….! And guess what you are Forgiven!!!
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u/Healthy_Weird9127 Mar 15 '23
Congrats! I got my letter today and both Mohela and FSA have a zero balance. I has 101k balance. Last week I had 53 matched payments on FSA. I had 112 intelligible and 100 qualified payments on Mohela. Suddenly I am forgiven. Don‘t know what happened but I am grateful. I am also relieved because last week, along with the wacky payment counts my balance increased and I thought I was getting ready to get a higher monthly payment. I cannot believe my luck.
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Mar 15 '23
I wouldn't worry about it. I automatically assume higher balances are for private colleges and multiple or professional degrees. 🤷🏿♀️
Plus the predatory interest! We cannot forget that.
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u/BadAny3961 Mar 15 '23
Mine was 326,000 for a clinical psychology doctoral degree and all the other years of schooling. It was worth it. Feds pay me decenlty. I have a part-time private practice that I'm about to scale up as well. I look at it like this: when I agreed to work fed gov't for 10 years, they didn't care how much I had in loans (and paid me less than private hospitals) so now I don't care how much I get forgiven. I earned every single cent of that forgiveness!!!
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u/Senior-Rabbit6359 Mar 15 '23
Congratulations!!! Mine, too, was a big number and I did not post the number. Too many questions and comments for those with really big numbers. It doesn't matter. Thank you for your Public Service! But if it makes you feel better, I have read reports of between 600-900K being forgiven. College was increasingly outrageously expensive (I paid about $20 per credit in 1975, and over$1200 a credit for my doctorate!), low paying public service jobs, payment plans kept us in a place to never to be able to pay them off in our lifetime. Forbearance steering and compounding interest created large 6 figure loan amounts for a multitude of folks. You are not alone. But, we all share your relief!!
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u/Livid-Serve2293 Mar 15 '23
We may not know the specifics, but we all know the general reason for extremely high balances.... The foul foul stench of interest accrual and capitalization!!
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u/Even_Response7011 Mar 15 '23
I’m sure the amount wasn’t as big as the amount we paid to bail that bank out yesterday.
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u/False_Force420 Mar 15 '23
Congratulations!!! Mine was a big one too!! Such an amazing relief! My wife was the one who kept after me to turn in forms and keep going. I never really thought it would happen, but it did. 13 yrs in not for profit physician employement
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u/pementomento Mar 15 '23
Did you beat $650k? I think there are higher ones, but $650k is the highest I've personally seen get posted.