SAVE plan in legal limbo causing FAFSA forbearance issues - mortgage approval at risk

same thing happened to me!! got a letter saying my payment is $1800 starting in December but when i called they said to ignore it but also that I shouldn't ignore it?? make it make sense! the whole SAVE plan court situation is such a mess

I went through something similar with the SAVE plan court challenges. Here's what worked for me after weeks of frustration: 1. Request to speak with a supervisor when you call - entry-level reps often give conflicting information about forbearance during legal challenges 2. Ask specifically for a "Written Verification of Forbearance Status" letter - this is different from a general forbearance letter 3. For mortgage purposes, request the "Income-Contingent Payment Estimate" document - they CAN provide this despite what some reps claim 4. Document every call: rep name, ID number, date/time, and what they told you The mortgage underwriters will typically accept the Income-Contingent estimate as your potential payment amount when calculating your DTI ratio, even while the SAVE plan is in forbearance.

This is exactly why I use Claimyr when dealing with StudentAid. I kept getting bounced between reps with different answers about my SAVE plan forbearance, but Claimyr got me to a senior agent who actually knew the policies. They have a service that skips the hold times and connects you directly to agents who can help with the SAVE plan confusion. I watched their demo at https://youtu.be/TbC8dZQWYNQ and it saved me hours of frustration. The agent I reached helped me get the exact documentation my mortgage lender needed despite the ongoing court case.

The problem isnt the SAVE plan, its that STUDEN AID DOSNT KNOW WHAT THERE DOING!!! I bet if u call again tomoro youll get a different answer from a different person. its all a scam to make us pay more intrest while they "figure it out" lol

I work in mortgage lending, and this SAVE plan situation has been a nightmare for many applicants. Here's what you need to know: 1. For conventional loans, we're required to use 1% of the total loan balance for qualifying if your loans are in forbearance without documentation of future payments 2. FHA loans are more flexible and can often use $0 for loans in administrative forbearance related to the SAVE plan litigation 3. What you specifically need is called a "Payment Status Documentation Letter with Income-Driven Repayment Estimates" - this is the exact document that satisfies Fannie Mae requirements 4. StudentAid IS required to provide this documentation upon request, despite what some representatives claim I recommend sending a formal written request referencing Regulation Z (Truth in Lending Act) which requires loan servicers to provide clear information about payment obligations. That usually gets their compliance department involved.

Look the truth is StuidentAid isnt the one makeing the dcsision here its the courts. once they rule on SAVE then everything wll be fixed but untl then we're all stuk in this stupid limbo. i just keep requesting forbarence extensions every 60 days and documenting EVRYTHING. if they say they'll provide a letter get the reps name and id number and call back if they dont send it

I had this exact nightmare scenario with my mortgage last month! The solution that finally worked was having my mortgage loan officer submit a "Third Party Authorization for Information Request" directly to StudentAid. For some reason, they responded to my lender's formal request when they kept giving me the runaround as an individual borrower. My lender specifically requested documentation showing: 1. Current forbearance status and reason (citing the SAVE plan litigation) 2. Estimated payment under Income-Based Repayment (which is calculated differently than SAVE but acceptable for mortgage underwriting) This approach worked where nothing else did. Maybe ask your loan officer if they can take this approach?

This whole situation is such a mess! I've been dealing with similar SAVE plan confusion, and what's really helped me is keeping detailed records of every single interaction. I created a spreadsheet with date, time, rep name/ID, and exactly what they told me - this has been crucial when I get contradictory information. For your mortgage situation specifically, I'd recommend trying multiple approaches simultaneously: 1. Use the exact document names that @Tyrone Johnson mentioned - those specific terms seem to unlock better responses 2. Have your loan officer submit the Third Party Authorization like @Raj Gupta suggested - this dual approach might speed things up 3. If all else fails, escalate to the Federal Student Aid Ombudsman (they have a separate complaint process for situations like this) The key thing for your February closing is getting ANY official documentation that explains your current payment status, even if it's not the exact amount. Most underwriters will work with you if you can show you're actively trying to resolve the situation and have documentation of the forbearance. Don't let this derail your home purchase - there ARE solutions, it just takes persistence and knowing the right terminology to use with StudentAid!