You will not be able to get forgiveness at 10 years with an LRP in the mix. I have basically thought about it as a "deferment" of PSLF during the time of the LRP (and beyond, actually, as it takes awhile for the monthly payment due to show up again after the last LRP payment. So your *first* LRP payment might count, but none of the rest of them will....or maybe the first one each year will count (after you resign the income-based repayment thing), because the balance of the former LRP payment is just "paid forward" to the next month.Those that have gone before...
I'm having a hard time creating a strategy around how my payments will be applied and how it will affect my PSLF status.
I have 5 years of payments in so far so in all likelihood, if I'm optimistic and get 2 LRP renewals, I will still have a smallish (relatively, anyway) balance to pay off which could be forgiven through PSLF.
My servicer basically says that to continue to be on track for forgiveness at 10 years, I have to continue to make the determined payment amount each month. It also says that any payment made more than 30 days in advance, won't count as a monthly payment. This basically means I can't be "paid ahead" and count each zero balance month as a "paid month" because I didn't pay it within 30 days of being due.
I am guessing that means I might be able to get away with one month each quarter as a valid payment towards PSLF when they first send payment to my servicer and as long as I continue to make payments in between I should be good.
But, I'd like to hear how others have navigated these programs with their servicer. I'm with FedLoan if that matters.
I just received my 1st 2-year renewal on a clinical research LRP from NICHD but hopefully this information is helpful. For renewal applications you document your "Research Accomplishments" during the initial award period. For me, I received my first R21 as PI, submitted a second R21 as PI and a R01 as MPI, and continued in my role as co-I on 2 R01 studies. I also received two 1-year pilot studies, published 11 papers (4 as 1st author), and was promoted from Instructor to Assistant Professor. Pretty much you want to demonstrate that you have leveraged your LRP award to continued research productivity.Question about Clinical NHLBI renewals - Does anyone have any tips on how to ensure renewal after first LRP award? Is there any specific reason they like or do not like renewal applications? Lack of results, lack of publications, lack of grants, etc. or is it all just luck? Thanks.
I received notification of financial review on 4/06 this year (NIAID-CR second one-year renewal). Status on OAS changed to Selected around the same time. I believe every institute does their reviews independently, and possibly earlier for renewals vs. new applications, and also possibly on a rolling basis, so I wouldn't start to worry about it until June. Either way, I wouldn't expect any funding decisions before August-September.So, I see that last year some LRP applicants were notified that they were selected for financial review on May 1. Anyone's status change today? FWIW, mine did not (NIAAA CR).
Thanks PsychPsyance and falseimitation. I guess we are all in the same situation which feels like somewhat good news as there is a chance that NIAAA has not yet made any decisions regarding financial review for renewals (mine is a CR as well). I will keep you both posted on any status change (or lack thereof). Good luck to all of us!Still waiting for NIAAA as well.
Mine is an NICHD 1st renewal. No news yet. I believe I was notified around May 8-10th last time but there seems to be a +/- 2week range at least on notifications from year to year. I also wonder if the prolonged shutdown earlier in the year will have any impact on notification timelines.same here!
I don't think NIH was affected by the shutdown. My understanding was that they were exempt.I also wonder if the prolonged shutdown earlier in the year will have any impact on notification timelines.
Still no news on my side...anxiously waiting. Anyone from the NICHD (1st or renewal) please post if you have heard news. Thanks y'all!Mine is an NICHD 1st renewal. No news yet. I believe I was notified around May 8-10th last time but there seems to be a +/- 2week range at least on notifications from year to year. I also wonder if the prolonged shutdown earlier in the year will have any impact on notification timelines.
Thanks for the update!!!I spoke with the NIAAA LRP PO today. She said that NIAAA is a little behind on identifying the folks they would like to fund (and thus select for financial review). She is hoping they have this accomplished and submitted to LRP in July. So we likely have another month+ before we will know anything. Cheers!
Nope, nothing yet on my end either. Still hopeful!
Those of you waiting on NICHD might want to check your status! My second renewal just switched to Selected. Good luck!Still no news. I double checked and my status switched last time on 5/18, so we are still well within the window. Good luck!
woohoo! Changed to selected as well! how awesome that all of us waiting here got selected for financial review! congrats all! I understand that most of the ppl that get selected for financial review go on to obtaining the award!!! here is to a positive notice of award for everyone!Yay, mine too! This is the best program ever...I get to buy a house this year! Living the dream .
Congratulations! Was your friend’s Health Disparities (NIMHD) application new or renewal?Just another update for everyone. My friend submitted to Health Disparities and hers switched to Selected yesterday as well. Mine at NIDA got switched to Selected yesterday too.