It’s still there, but the last updated date was in April. So I guess I have to wait and see.

That is interesting. I suppose it could explain the $0 balance, but forgiveness is also a possiblity, especially if you have older loans. Did you get any clarity from looking at the Department of Education database I mentioned in my other comment?

I couldn’t edit earlier, I forgot to add, that Mohela has said I’m not being transferred to another servicer, they are just moving their platform over to the Dept. of Ed one.

As you noted they are currently “balancing” servicer load levels right now, so MOHELA loans are getting transferred to other servicers such as EdFinanical, NelNet, and AidVantage.

Typically, when your loans are forgiven, you receive a letter and have the opportunity to deline forgiveness.

If you want to find out right away, you can check out the Department of Educaiton datatbase. It will provide updated balance information as well as the serivcer currently assigned to your loans.

Getting the conditions to work out from a credit score perspective is tricky. In same cases, the credit score will drop. In others, it will increase.

I had a private loan with a cosigner and a variable interest rate that I could not refinance due to a large student loan balance. When the federal loans were transferred to another servicer, it temporarily disappeared from my credit history, and my score went up by 43 points. I was then able to secure refinancing on the private loans with another lender at a fixed rate, saving me thousands of dollars of interest in the process and reducing my time in repayment.

Appreciate the insight. Thank you!

Keeping detailed records is always a good idea, and it definitely could come in handy in the future.

Whether or not you can use it as evidence in a legal proceeding is a technical question that will depend on a number of different factors. That is something to discuss with your attorney if it looks like you might be headed to a trial.

However, nelnet sent me a letter on the 14th and the portal now shows that I owe the original net loan amounts plus all accrued interest. If I downloaded my student aid data file and took screenshots of the webpages showing that my loans were paid– can I use it as legal evidence?