After 3 long years of aggressively paying off 50K in student loans, I've finally reached my personal independence day (chart) Student Loans |
- After 3 long years of aggressively paying off 50K in student loans, I've finally reached my personal independence day (chart)
- Here we go. $110,000 in debt. Need serious help.
- Heartland ECSI help
- Best Way to Go About Student Loans?
- 3 Quick PSLF Questions!
- Student Loan Payoff Plan
- Question about taking time off school and staying out of repayment
- Navient/Income Based Repayment and Leaving Job
- Navient Loans- Original Principle $53,568.70 now $89,763.23
- Cannot afford my loans and behind on payments. Tried SOFI, but denied due to loan payment deliquencies. WTF
- In-school deferment; US accreditation?
- Student Debt, Difficulty Working Full-Time
- I am seeking student loan advice
| Posted: 29 Nov 2017 09:24 AM PST Hey Guys, Just fired off my last payment to Navient ($7600). A little painful but happy to finally be done. I relied heavily on this subreddit to get me through everything (Thank you). I created a chart to help me manage my monthly payments. As you can see, I attacked everything aggressively and I can happily say it was worth it. Sorry in advance for the poor quality: Chart [link] [comments]  |
| Here we go. $110,000 in debt. Need serious help. Posted: 29 Nov 2017 07:20 PM PST Hoping someone can help me out here. I owe $110,000 in debt from school. I am going to be making about $50,000 a year to start. I live in MI. After taxes and withholdings, I will bring home about $2700 a month. No car payment, but insurance will be $140 a month. No rent, living at home. No utilities, no phone bills, and probably only $150 in food, as I'll be eating with my parents most of the time. Gas will be about $75 a month on the high end. Here is the break down of my loans Federal direct loans, $22,000. Rates range from 3.5 - 4.3% I then have parent plus loans totaling $88,000. Rates range from 6.3 - 7.25% I know the parent loans I am not responsible for. But it was always the agreement I would pay for them. I'm unsure if my parents will chip in any or not. It hasn't been discussed yet, but let's assume they will not. Can I refinance the parent plus loans into my name through say, SoFi or earnest? Or will they stay in my parents names for good? My parents share the debt 44k in my moms name, 44k in my dad's name. My father is 58 years old and my mother will be 52, so getting rid of these loans is needed so they can retire nicely, plus I want them gone ASAP. What should my course of action be? [link] [comments]  |
| Posted: 29 Nov 2017 06:07 PM PST Hi everyone! I was just switched over to heartland in September and I have had nothing but issues with them since. First, I never received any communication that they were my new loan servicer and how/when to make payments. I only found out when I could no longer log in to my old servicer's website and calls them to see what was going on. Now I'm late on my payments because they misapplied a recurring payment to principal only. Live chat disconnected with me as soon as the clock hit 8 so then I had to wait 45 minutes on hold on the phone. Basically what I'm looking for is some kind of contact information where I can reach out to the company and let them know what a terrible experience they provide. Either like an email address or even a physical address I can send a letter. I know it probably won't actually do anything but I have to at least try. Thanks! [link] [comments]  |
| Best Way to Go About Student Loans? Posted: 29 Nov 2017 09:47 PM PST Hey guys, I'll give you guys a brief background. I'm currently in community college working towards an Associates of Science and plan on moving to a 4-year school to pursue my Bachelor's of Information Technology. At the end of this semester (Dec 7th) I'll have 35 credits under my belt. (I live in North Carolina btw, if that has any relevance.) I am lucky enough to have been accepted into a program that allowed me to achieve up to 32 credits for free while I was still in High School, meaning this is my last semester, I will have 35 credits with no debt whatsoever. Here come my questions: The school I plan on going to is UNC Wilmington. If I have 24+ college credits, I do not have to provide SAT/ACT scores, which is good because I haven't taken either. I basically have two different options, should I stick with my community college and finish my associates, or go ahead and (attempt to) join my preferred 4-year school? I know financially this is a no-brainer, but I would also like the chance to go move somewhere else since my state of living isn't really too supportive of full-time college (I live in a double-wide with 6 of my siblings, 2 are infants and another child has severe autism, studying is difficult.) Also, is it possible to mostly/fully pay for university from loans? I am currently saving up to purchase a vehicle and don't have anything saved up for school whatsoever. What kind of loans are best? [link] [comments]  |
| Posted: 29 Nov 2017 02:06 PM PST I've reviewed the sticky in the sub, apologies if I missed the answer. I am doing PSLF, am 45 payments in and plowing my way through. I was told a few things at the very beginning that, after reading through this sub, seem to be incorrect. I'm hoping with advice form you fine people, I might be able to get 6 PSLF payments retroactively credited. My questions are: 1) Do your loans have to be consolidated to qualify for PSLF? 2) If I pay more than the IBR/REPAYE calculated amount, does that still count as 1 of the 120 "qualifying payments"? I was initially told paying anything over the monthly calculated amount was not a "qualifying payment". 3) Do your loans have to be held with MyFedLoan? In case you can't gather from the above questions, I started out at a nonprofit with non-consolidated Sallie Mae loans. Based on my previous year's tax filings, my IBR amount was $0/month. I made 6 payments of $1 to Sallie Mae before being told that I needed to consolidate my loans in order to do PSLF. I consolidated, am with MyFedLoan, and plugging away. Should I try to get my 6 original payments counted as PSLF payments? Thanks!! [link] [comments]  |
| Posted: 29 Nov 2017 05:44 PM PST Hey y'all, I have roughly 51k in student loans, all federal. I believe my weighted average interest rate is 4.6%. I make about 2800 dollars after taxes every month with my rent being 700 per month. Other than that no big expenses. I'm also very fortunate that my parents have an investment account with 19k in it. Over the last 2 years it's return has been around 11%. My required payment is roughly 540, but I'd be willing to probably go 800 to 1000 out of my own pocket. What's the best way to go about balancing the return the investment account is getting while not accruing unnecessary interest? Thank you so much in advance! [link] [comments]  |
| Question about taking time off school and staying out of repayment Posted: 29 Nov 2017 09:17 AM PST So my husband has around $70k in student loan debt. He only gets about $1k/semester now. His job is restructuring their pay schedule, which means we'll be losing about 2 weeks worth of pay this year. With the lowered monthly income, there's no way we can afford the $250/mo tuition payments for him to take classes spring or summer semester. We should be able to save enough for him to get back to school for fall semester. We cannot get private loans, because our credit sucks. However, that will put him out of school for over 6 months, triggering repayment on the loans. Does anyone have any ideas? He's already enrolled for spring, but he's going to have to drop the classes. Will that make any difference? Edit: Apparently, he's already enrolled for fall as well, and as I said, we SHOULD be able to afford it by then. If he drops Spring, and skips summer, will he still enter repayment on his existing loans? [link] [comments]  |
| Navient/Income Based Repayment and Leaving Job Posted: 29 Nov 2017 11:21 AM PST I am currently (under)employed fulltime doing something I didn't study for nor have any real interest in continuing. It's not a bad job, but it's not in my interests and frankly I hate hate hate working in an office.... Anyway, I'm currently on IBR and my loans are with Navient. I'm thinking of leaving my job. If I did quit with no other job to go to, would Navient jack my minimum payment back up to the amount where it was before I was on IBR? I would assume so since I'm leaving voluntarily, but I can't seem to find documentation about it on Navient's website.... Thanks! [link] [comments]  |
| Navient Loans- Original Principle $53,568.70 now $89,763.23 Posted: 29 Nov 2017 10:11 AM PST I have a total of 6 loans listed (all different types, therefore can not be consolidated.) Good news: all are with the same lender Navient. How can i negotiate? It is possible to be like "lower it to the original principle and i can do this much a month"? [link] [comments]  |
| Posted: 29 Nov 2017 09:39 AM PST Isn't the point of SOFI to help people in loan delinquency issues get back on track with consolidating payments and lower interest? One of my loans went to collections after saying for 3 months I cannot afford their $600 payment (the highest of the 4 payments I'm struggling to make). It's at a point there I either move into my car, or start stealing food to eat to afford paying off these companies. Fuck my life for getting involved with these legal loan sharks. [link] [comments]  |
| In-school deferment; US accreditation? Posted: 29 Nov 2017 12:39 PM PST Hey all- I have a boat load of student debt from my undergrad, and recently started a master's program at the University of Zurich. Sallie Mae and Wells Fargo don't seem to be having much of an issue with the accreditation of my school, but Discover is putting up a hell of a fight, saying that it doesn't have a Federal ID (duh, it's a Swiss university) and therefore is not accredited. The website below from the Swiss Accreditation Council shows that the university absolutely is accredited. I just got off the phone with Discover and they said they'll be sending proof that the school must be a US accredited institution, but I'm super doubtful because I've never seen that written anywhere and it took some serious questioning to get that much out of them (after five full minutes of "it's not accredited"/"YES. IT IS.") Does anyone have any experience with this? Is there anything I can do? [link] [comments]  |
| Student Debt, Difficulty Working Full-Time Posted: 29 Nov 2017 10:08 AM PST Hey everyone, I'm a pretty new to reddit so please be gentle if I do anything wrong. I'm going to make this short to avoid revealing my disabilities. Essentially, I went through grad school not realizing that my disabilities make a 40-hr work week pretty much impossible. Now, I'm about to graduate with nearly 6 figures in debt, and very little hope at finding a job that suits me. Does anyone have some advice for someone who can't work much, or does anyone know of loan forgiveness programs that I might qualify for because I have some disability? I am pretty sure I will have to pay student loan debt for at least a decade before forgiveness in most programs. I really want to work full-time, and will be attempting to, but I have some disabilities with flare-ups and one that is constant. I did not know the extent of my challenges until I had an internship this past summer. My mental health has declined rapidly ever since then. Beyond student loan forgiveness programs, does anyone know of jobs that would allow me to work from home occasionally, or fewer hours? If this isn't the right place to ask, I apologize. [link] [comments]  |
| I am seeking student loan advice Posted: 29 Nov 2017 12:56 AM PST Hello, I am looking for some advice on my school loans. I feel like I am screwed but am willing to hear the advice out there. So here it goes: Graduated 2008 with a BS in Neuroscience in 2008. Decided it went nowhere unless I went to grad school Went for my Master's in Teaching high school bio. Second semester in both my parents died in a car crash and I lost it for a year, dropped out mid way through my second semester. Attempted to apply for a PhD in neuroscience but couldn't get in a school..... I was so fogged up from my parents' deaths. Fast forward, 2013 on a 1 year fast track to nursing program, graduated a BSN in Nursing in May 2014. I have approx. $230k in school loan debt. Approx. in $90,000 in fedloan debt. I have been following through with income based payments. I defaulted in approx. 50% of private schools loans. The remainder is helped being paid off by cosigners. Of course, my credit score is awful. I have been working as a critical care nurse for a few years, minus the. One eyar I was in a car crash and couldn't work for 6 months. Working as a "travel nurse" so I can at least pay some bills. Savings $6k I just want some advice on where to start so I can beat this total of $230k in loans. Frazzled and need advice on where to begin and also not rely on my cosigners for help. Any adivce is truly appreciated. [link] [comments]  |
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