Sorry I just wanted to let out some frustation. I'm in China right now, and they block most forms of US social media..except the Knot and Pinterest. lol
So I have humongous student loans, and the majority of it has been consolidated under the federal direct loan program. ANYWAY...i have been under an income based repayment plan because I don't make enough money right now to pay the standard amount ($300 a month vs $1800). It has to be renewed every year. Well they sent me a notice saying that my IBR is expiring and will go into standard repayment unless i submit my most recent tax return within 30 days. I'd been really busy so I didn't do my taxes right away...but i was getting to it!
Well I had already made my $300 payment for March. Then a week later I get another bill saying that I owed another $1500. (I still had 2-3 weeks left from the date of the notice). So I immediately called and they said blah blah my IBR expired so I'm now in standard repayment. Well I pointed out that it had not been 30 days from the date of the notice. I JUST did my taxes and was ready to fax it. She said blah blah that was the 2nd notice they sent me... which is totally BS, but it shouldn't matter because expiration date was 30 days from the date of the letter. So then she said there's nothing they can do about it except put me in a temporary deferment until I fax my taxes and they process it. So I said yes please do that and she says "oh you're already in deferment through April." She told me if I faxed the papers in that day, it would be processed before April and I would be ok and not need to make any additional payments until April. So I faxed everything that day. This was the end of February before I left for China.
Last week I emailed them to confirm my deferment and receipt of my paperwork because I have no access to long distance calls right now. It took days to respond, but they responded and said they received my papers and are processing it. No reply about deferment. Emailed them again wihtout response. Well now I just got another bill for April AND i'm now past due for March so now I owe like $3400!!!!!
argghhhh I hate dealing with the government!!!! sorry this was so long.
Re: vent...not wedding related
Usually they want last year's tax forms, not this years as they are not due yet.
But since they got them, it should be fine.
Planning Bio
Married 9/15/11
*This is Not Legal Advice*
[QUOTE]Usually they want last year's tax forms, not this years as they are not due yet. But since they got them, it should be fine.
Posted by redheadfsu[/QUOTE]
<div>Ahh one would think. I already had this problem with them when I first consolidated my loan at the end of 2010/early 2011. They wouldn't take the previous year's tax return even though taxes weren't due yet. So I already used my 2010 tax return for this past year's IBR. </div><div>
</div><div>UPDATE: So now they're telling me that my last forbearance was from March to April 2011. Basically the lady on the phone did not know how to read dates and incorrectly told me I was under forbearance. arghh So I'm still past due, but don't worry they won't report me to the credit bureau for 90 days. arghhh</div><div>
</div><div><a style="background-image:initial;background-attachment:initial;background-origin:initial;background-clip:initial;background-color:#ffffff;border-style:initial;border-color:initial;border-image:initial;font-size:12px;outline-width:0px;outline-style:initial;outline-color:initial;vertical-align:baseline;text-decoration:underline;color:#579bc3 !important;font-family:Arial;border-width:0px;padding:0px;margin:0px;" href="http://community.theknot.com/cs/ks/user/default.aspx?membershipid=5940664713571004&plckUserId=5940664713571004" target="_blank" class="username_knot">slga12</a>: I'm sorry you had to go through that as well. I thought I was the only person having problems with this Federal Direct Loans business. I consolidated through them because I'm trying for the 10 year loan forgiveness thing, but I'm starting to question whether it's worth it dealing with them. </div>
We got married 11/3/12!!