LRAP/IBR/PSLF. How does it work? Let's find out!

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Nebby
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Re: LRAP/IBR/PSLF. How does it work? Let's find out!

Post by Nebby » Wed Sep 23, 2020 12:27 pm

FYI - just did my annual employee recertification for PSLF and it properly counted the months covered by the CARES Act. Sitting at 44 qualifying payments! (lol not even halfway there but at least all months have been properly counted since I started repayment).

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Johannes
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Re: LRAP/IBR/PSLF. How does it work? Let's find out!

Post by Johannes » Fri Oct 09, 2020 4:00 pm

No annual income recertification necessary this year either. Just got message that all annual recerts are extended for at least a year.

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Nebby
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Re: LRAP/IBR/PSLF. How does it work? Let's find out!

Post by Nebby » Fri Oct 09, 2020 8:06 pm

Johannes wrote:
Fri Oct 09, 2020 4:00 pm
No annual income recertification necessary this year either. Just got message that all annual recerts are extended for at least a year.
Screenshot?

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Nony
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Re: LRAP/IBR/PSLF. How does it work? Let's find out!

Post by Nony » Fri Oct 09, 2020 8:32 pm

When I last logged on the website said recertification had been deferred till Dec 31. (Not sure if that’s the same as what Johannes saw or if they extended it again.)

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Johannes
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Re: LRAP/IBR/PSLF. How does it work? Let's find out!

Post by Johannes » Fri Oct 09, 2020 11:48 pm

I got an email. I’m on my phone but will post the screen shot when I’m on a computer later this weekend.

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Nebby
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Re: LRAP/IBR/PSLF. How does it work? Let's find out!

Post by Nebby » Sat Oct 10, 2020 12:27 pm

I just got the email
Spoiler:
Image

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Nebby
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Re: LRAP/IBR/PSLF. How does it work? Let's find out!

Post by Nebby » Sun Oct 11, 2020 1:27 pm

Does everyone else interpret this to mean we just don't need to recertify this year and our payments next year will be the same as this year?

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Nony
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Re: LRAP/IBR/PSLF. How does it work? Let's find out!

Post by Nony » Sun Oct 11, 2020 2:19 pm

Yes, that’s my understanding. My recertification is usually in the spring and they’d sent me the reminder to recertify before the first extension, and then nothing more.

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Johannes
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Re: LRAP/IBR/PSLF. How does it work? Let's find out!

Post by Johannes » Tue Oct 13, 2020 2:13 pm

Nebby wrote:
Sun Oct 11, 2020 1:27 pm
Does everyone else interpret this to mean we just don't need to recertify this year and our payments next year will be the same as this year?
Correct.

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Nebby
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Re: LRAP/IBR/PSLF. How does it work? Let's find out!

Post by Nebby » Mon Oct 19, 2020 7:54 pm

FYI - y'all should call you servicers to see if the extension applies to you. My income based repayment anniversary is on January 1, so I don't qualify. The date is not when your recertification is due, but the anniversary of when you officially entered income based repayment is the reference date for whether the extension applies. My recertification deadline is 11/27, but that apparently isn't the date that matters.

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