Needing to take a gap semester, what happens with my loans? Student Loans |
- Needing to take a gap semester, what happens with my loans?
- One last call for the survey on student loan servicers - please take a minute to fill this out
- Can I travel using student loans?
- Paid ahead status not available for viewing by borrower
- How long should it take for my balance to transfer from one provider to another? (Great Lakes to FedLoan)
- Any place for a Sophomore Undergrad to get a loan without a co-signer?
- Considering refinance. WWYD?
| Needing to take a gap semester, what happens with my loans? Posted: 09 Dec 2017 06:44 PM PST I'm in a terrible personal situation and need to return home for the spring semester, I have roughly $7000 in student loans from last semester, mostly subsidized. I fully intend to pick my education back up in the next fall semester at the latest. Once my grace period ends, will my payments go away once I pick my education back up? Any other things I need to know? [link] [comments]  |
| One last call for the survey on student loan servicers - please take a minute to fill this out Posted: 09 Dec 2017 06:21 AM PST I posted this earlier in the week but I'd love a few more responses. I'm collecting data for a meeting I have with the CFPB next week. The survey will be up until tomorrow (sunday). It's only 8 questions. Thanks in advance for helping me out! Previous post "Hi friends. I have a meeting next week with the CFPB and I want to bring some data with me to show the current issues borrowers may be having. If you are so inclined, I'd appreciate you taking this eight question survey to help me gather current data. Thank you! https://www.surveymonkey.com/r/MTRDYSW Please keep your answers more customer service related as much as possible" [link] [comments]  |
| Can I travel using student loans? Posted: 09 Dec 2017 10:16 PM PST Is there a strict policy about how I can spend my federal student loans? I would really want to travel during winter break. Can I use use my student loans for travel expenses? I'm not planning to spend a lot, maybe $150 in total for a few days, if that matters. [link] [comments]  |
| Paid ahead status not available for viewing by borrower Posted: 09 Dec 2017 07:22 AM PST I'm close to paying off student loans by making extra payments. Navient applies the payments to principal, but extends due date. I am perfectly fine with this process, however, there is no indication online or on my statement of my paid ahead status. Another student loan servicer, my car loan, and even mortgage have this information readily available to me. I have to call Navient to ask how far I am paid ahead and have gotten conflicting answers. I filed two complaints with CFPB, the first response stated directly that my "paid ahead status has been erased" when my variable interest rate changed. I filed a second claim with CFPB which resulted in a denial of that erasing of the paid ahead status had ever happened. My amount paid ahead was given and in the response also stated that I will not be able to see this information online. Anyone else think this lack of transparency is wrong. I simply want to know how far ahead I am paid (financial cushion in case of emergency) and I am not privy to that information. Any suggestions on what I should do? It just seems inheritently wrong. is there no requirement for that information to be disclosed? I find it odd that every other loan servicer I've had clearly states the paid ahead amount. [link] [comments]  |
| Posted: 09 Dec 2017 03:22 PM PST When applying for PSLF and doing my consolidation, I didn't realize that it would need to be serviced by FedLoan. I consolidated under Great Lakes, and they took my loans from FedLoan and consolidated into their system. A few days later, they let me know that eventually they would just give the whole account back to FedLoan to be managed because of PSLF. One week ago today, I got the notification that Great Lakes is no longer my servicer, and that I should now only use FedLoan. If I log in to Great Lakes, my balance is $0.00 and they provide a link to myfedloan.org. However, when I log in to FedLoan, they also say my balance is $0.00. I know it takes some time to process, but I'm surprised that it's already been a full week and I have two accounts with a 0 balance. I even called FedLoan and asked if they can see my balance, and they told me it was $0. I asked if there was anything pending on my account, and they transferred me to an account specialist, but I was on hold for over 20 minutes while at work, so I eventually just hung up. Should I just keep waiting? The issue is I have not yet made a payment to either servicer, so they don't have my payment information. Great Lakes originally said my first payment would be due on 12/23, so I'm not sure if it will be the same with FedLoan, or if they will add extra time for processing on their end. I just don't want to end up paying a late fee on my very first payment when I'm ready to set up my info right now. But the website won't let me input my information because of my $0 balance. I know I should probably just call them, but the tiniest part of me is hoping they just screwed up somehow and I no longer have debt, lol. Obviously that is not really the case, but it's partly why I wasn't in a rush to call them back after I called the other day. Aaaanyway, has anyone experienced this? What is a normal amount of time for the account to transfer? [link] [comments]  |
| Any place for a Sophomore Undergrad to get a loan without a co-signer? Posted: 09 Dec 2017 01:51 PM PST |
| Posted: 09 Dec 2017 11:04 AM PST I have started looking into refinancing my student loans and I would love your input/advice on my situation. Here is a snapshot of my financial situation: I have 2 loans, both serviced by Great Lakes Loan 1: $18,979.27 Bal 6.625% (Fixed) Min Payment: $195.63 Calculated payoff time: 11.6years Loan 2: $11,741.87 Bal 4.630% (variable) Min Payment: $192.63 Calculated payoff time: 5.8 years (using current rate) I did a pre-approval with Sofi using the $32k, and they gave me a rate of 5.000% for a 7 year term with payments I could afford. I did the same process for only loan 1, and they gave me a rate of 4.785% for a 7 year term. I know these rates can change when I actually apply so here is my question: Would it be better to refinance loan#1 only at a 7 year term, and then refinance again but for both loans? Or should I refinance everything altogether from the start? I apologize if this is a ridiculous question, but I just want to make sure I am making the best choice possible for myself. Thanks reddit! [link] [comments]  |
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