10.5 K in five months. Student Loans |
- 10.5 K in five months.
- I'm unable to register for classes due to a past-due balance from last semester. Anyone know of alternative loans?
- Did you default on a small federal student loan (<15K)? I want to hear your story.
- 21 y/o, graduating this summer w/ about $70k in student debt. Need some advice
- Will A mortgage affect my ability to get a student loan?
- Student Loan Refinancing - Options Peer Reviewed
- Can I get a student loan before I get my acceptance letter?
- Needing student, or stafford? loans for going back to college...How? any advice?
- Xpost: Interest Rate Keeps Rising
- Joining the military to finance useless degree and get a useful degree in a different field?
- Refinancing
- Considering going back to school, 1 year out of undergrad and 100k in the hole
- Help. Just graduated in December don’t know what to do.
- Paying down interest before repayment starts
- Grad plus loans
- Need help obtaining a loan!
- Options for Student Loan, best one to choose?
- Need advice, I joined the Army Reserves and through the training I have saved up about $8,000 dollars. What should I do with the money?
| Posted: 10 Jan 2018 01:24 PM PST On Friday I will be done paying off my Perkins loan. As the title said, paid it down 10.5 K in the past five months. I followed a very strict budget and it was rough at times. However, the feeling I have now is amazing. Still got 38K left in total but it's nice to have them all one lender now. [link] [comments]  |
| Posted: 10 Jan 2018 09:05 PM PST Both my parents applied for + loans and were denied, which means I can only apply for an additional $2k per semester, which will not be enough to cover what I owe. Does anyone know of any alternative financial aid programs that will give or loan me enough money to cover my past due balance? [link] [comments]  |
| Did you default on a small federal student loan (<15K)? I want to hear your story. Posted: 10 Jan 2018 02:49 PM PST Hi - I'm a reporter writing about education for BuzzFeed News. I cover higher ed and student debt (here is a story from just today about student loan settlement companies) and one of the stories I want to tell is about people who default on small student loans. It's a huge problem that I think the media often doesn't pay attention to — we tend to write stories about people whose loan balances are $50,000 or $100,000, usually people with bachelor's or graduate degrees, but small-balance defaults are a huge problem. If you defaulted on a loan of less than $15K or $20K — especially if you didn't finish college — and might be interested in talking to me, please reply or send me a message. I'd really like to hear from you. Molly Hensley-Clancy You can read more of my stories here: www.buzzfeed.com/mollyhensleyclancy [link] [comments]  |
| 21 y/o, graduating this summer w/ about $70k in student debt. Need some advice Posted: 10 Jan 2018 04:03 AM PST Hey guys, as the title says I'll be about 70 grand in debt when I graduate in the summer. I'll have my bachelors in marketing/advertising, and will be paying these loans off myself. I'm a little confused on my best option of consolidating them together, and how I could get the PLUS loan transferred in my name; or would I be better off making payments to my parents on this one? Here's the breakdown of the loans: Federal Perkins: $3,000 Subsidized Direct: $13,000 Unsubsidized Direct:$6,500 Direct Parent PLUS: $42,000 Any advice or suggestions would be appreciated! [link] [comments]  |
| Will A mortgage affect my ability to get a student loan? Posted: 10 Jan 2018 07:38 PM PST I'm getting ready to apply to grad school and also looking at getting a house and wondering how a mortgage would affect my ability to secure student loans. Any thoughts? [link] [comments]  |
| Student Loan Refinancing - Options Peer Reviewed Posted: 10 Jan 2018 06:48 PM PST Hi Guys, First I want to say thank you to everyone who contributes to this sub. I must say, since I've graduated this sub has been instrumental in keeping me sane with dealing with my student loans. A little about me, I am 29yo and graduated 6 years ago with ~$90k in student loans. I have been able to knock that down to $28k. Now going into 2018, I am looking to refinance my loans to see if I can add some additional savings to my budget. I have been looking at SoFi and getting quotes from Credible to see what the best options for me are. Before I show you the offers, I want to give you my current balances.
SoFi Offering
Citizens
Connext
I am leaning towards SoFi 7year loan. It requires autopay buy I plan on doing the 5year payment monthly but taking the 7year term. This will allow me a little flexibility when it comes to my monthly bills. Anyone else go through this process? What types of rates are you getting? My income is solid and I have a credit score of 775 so I should be able to get a decent offer. What has your experience been? Thank you for any input you might have. [Edit for formatting] [link] [comments]  |
| Can I get a student loan before I get my acceptance letter? Posted: 10 Jan 2018 12:20 PM PST I'm in a program for a community college that has guaranteed acceptance into some universities as long as I maintain a certain GPA. I'm planning on transferring in the Fall 2018 semester but won't get my official acceptance letter until around April. I'm the type of person that likes to have everything set up in advance, so I was hoping to get the student loan before April. Any knowledge would be appreciated. [link] [comments]  |
| Needing student, or stafford? loans for going back to college...How? any advice? Posted: 10 Jan 2018 02:30 PM PST I am trying to re-attend college after 5yrs of not being in school. I am 26 with bad credit. I already filed my fafsa and I am waiting for it to process. I am realizing that working a full time job to support myself is doable, but I am trying to finish my degree soon (bachelors over the next two years) and I cannot work my full time job anymore. 50hrs a week is to much for me. However, I will not be able to afford an apartment for myself working a part time job. Any advice on how to get a loan for housing each semester? [link] [comments]  |
| Xpost: Interest Rate Keeps Rising Posted: 10 Jan 2018 05:49 PM PST I've noticed a trend, every 3 months or so my student loan interest rate rises. Is this typical? Any way to keep the rate locked without refinancing? I've tried to consolidate but because they are different types of loans I can't. [link] [comments]  |
| Joining the military to finance useless degree and get a useful degree in a different field? Posted: 10 Jan 2018 04:46 PM PST Hey r/studentloans, I went to college for four years and ended up getting a useless liberal arts degree that I don't know I can do anything with. My goal ideally would be to switch into the medical field. Specifically nursing. I already have 50k in student loans so I was considering enlisting in either the army or navy to be eligible for the repayment program. I'm thinking about going in as a corpsman. During my time in I would like to use the tuition assistance to knock out the nursing pre reqs. My understanding is that I can't get the G.I. bill after a first enlistment because I would be using the repayment program. Is it true that after a second enlistment I could use the G.I. bill? I'm just trying to get some advice as to what I should do. Has anyone ever been in a similar situation? All suggestions are welcome! Thanks! Edit: Alternatively I could take out another 15k in loans and do the nursing prereqs/become an RN to meet that 65k repayment threshold. Then I could enlist as a nurse. What do you think? [link] [comments]  |
| Posted: 10 Jan 2018 11:49 AM PST I have the opportunity to refinance and have been offered 10 year @5.375, 15 year @ 5.625, or 20 year @ 5.5. The monthly payment for the 10 year is to high for me to be comfortable taking it, but the rate for the 15 year is higher than the 20 year. Is there any benefit to taking the 20 year and paying over the minimum payment (effectively shortening loan to 15 years)? Or should I just take the higher rate 15 year loan? [link] [comments]  |
| Considering going back to school, 1 year out of undergrad and 100k in the hole Posted: 10 Jan 2018 05:46 AM PST So, I'm wondering if I can get some perspective on if this is a terrible idea or not. Current Stats
My employer will reimburse up to 6k per year in tuition should I go back to get my masters. My thoughts are to: 1 - only do this if I get a substantial scholarship, 2 - keep the reimbursed money in an account out of sight until I pass the 1 year mark (after which I won't have to repay if I leave the company). 3 - use the reimbursed money to pay my Sofi loan, essentially refinancing some of that principle at a lower, federal rate. Now, this is all assuming that I get a scholarship that would lower the cost such that I would break even, and that I stay with my employer for the year following the degree. During the time that I'm in school, will any of my federal loans be put in forbearance? More information
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| Help. Just graduated in December don’t know what to do. Posted: 10 Jan 2018 07:54 AM PST So I just graduated in December but both Sallie Mae and granite state still have me marked as in school. Do I call both and inform them? Are they supposed to know I graduated already? I've looked everywhere to find out but at this point I just feel dumb. I know I have the 6 months before I start paying but I figured the information needs to be correct. [link] [comments]  |
| Paying down interest before repayment starts Posted: 10 Jan 2018 11:17 AM PST I'm an active student who will be graduating this May and since I just found out any accumulated interest will be added to my principal, I'd like to pay some of that interest down before that happens. However, I had no idea how to do that. So far, I've figured out how to view the interest on NSLDS and I just set up an account with my servicer. Is it as simple as just making a payment on their site? [link] [comments]  |
| Posted: 10 Jan 2018 05:17 AM PST Hi all. Is there a grace period for GRAD plus loans? I have seen conflicting information on this online. Thanks [link] [comments]  |
| Posted: 10 Jan 2018 07:01 AM PST I am wrapping up my second year in a Caribbean medical school. I began my program without any loan assistance. Working with the financial office, we agreed upon a monthly payment plan until I could bolster my credit enough to obtain a loan. Since I cannot work and study simultaneously, my family has been assisting with these payments, which are stretching us to our very limits. The second half of my program requires me to complete my clinical studies in the United States, where the tuition, living expenses, and miscellaneous costs increase to a level that will essentially bankrupt my family. I don't come from a financially literate family, so I didn't obtain a credit card until roughly two years ago. Since then I have been making positive steps to grow my credit, which have been successful except for one small collection (Paid and closed - $135 USD) that was mistakenly posted on my Experian report. My Experian score is 615, my Equifax score is 734, and my Transunion score is 702. I don't have family, relatives, or friends that have good credit or are willing to cosign for me at all. I need to know if there are any options I have at this point to secure some kind of loan financing for myself. Without it, I have no security to complete my education. I'd appreciate any advice! Thank you. [link] [comments]  |
| Options for Student Loan, best one to choose? Posted: 10 Jan 2018 09:16 AM PST THESE are the options given to me for my student loan. I don't know much about each option, and was wondering if the community could let me know what they think the best option is AND why you think that. Thanks so much for the help in advance! [link] [comments]  |
| Posted: 10 Jan 2018 08:32 AM PST I have one year left to finish my master's degree. I got student loan repayment but that money is going to my Parent Plus Loans. My current loans are in temporary forbearance until I go back to school this spring semester. I feel like my options could be to: 1) Just pay the interest that accrued on my loans so far. 2) I could pay down the interest accrued on my loans and also take down one of the cheaper loans with a higher interest. 3) Or I could do nothing and wait until I'm out of college. I feel like the last one is the worst option and otherwise I would be sitting on this money I made and will eventually probably start wasting more than I would want to on stupid stuff. What does /r/StudentLoans think? 1) Interest Rate: 5.31% Interest Rate Type: FIXED RATE Subsidy: NON SUB Original Balance: $6,500.00 Unpaid Interest: $56.72 Current Balance: $6,842.54 2) Interest Rate: 4.29% Interest Rate Type: FIXED RATE Subsidy: SUBSIDIZED Original Balance: $5,500.00 Unpaid Interest: $36.82 Current Balance: $5,500.00 3) Interest Rate: 4.29% Interest Rate Type: FIXED RATE Subsidy: NON SUB Original Balance: $3,206.00 Unpaid Interest: $23.34 Current Balance: $3,487.74 4) Interest Rate: 4.66% Interest Rate Type: FIXED RATE Subsidy: SUBSIDIZED Original Balance: $5,500.00 Unpaid Interest: $40.00 Current Balance: $5,500.00 5) Interest Rate: 4.66% Interest Rate Type: FIXED RATE Subsidy: NON SUB Original Balance: $7,000.00 Unpaid Interest: $58.16 Current Balance: $7,994.09 6) Interest Rate: 3.86% Original Balance: $5,500.00 Unpaid Interest: $33.79 Current Balance: $5,606.99 7) Interest Rate: 3.86% Interest Rate Type: FIXED RATE Subsidy: NON SUB Original Balance: $2,000.00 Unpaid Interest: $13.93 Current Balance: $2,312.42 8) Interest Rate: 3.4% Interest Rate Type: FIXED RATE Subsidy: SUBSIDIZED Original Balance: $4,500.00 Unpaid Interest: $24.28 Current Balance: $4,577.09 9) Interest Rate: 6% Interest Rate Type: FIXED RATE Subsidy: NON SUB Original Balance: $2,000.00 Unpaid Interest: $25.11 Current Balance: $2,681.48 I'm kind of by myself in all of this and I'm scared of my loans. I feel like I ruined my life. [link] [comments]  |
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