- ICU registered nurse with 1 year of experience. $65,000 in student loans - half private, half federal. Looking to move to the west coast where nurses are paid well, or move somewhere like Alaska and work in an Indian Health Services approved hospital. Please help!
- Where to start? Repayment Question
- How can this student get student loans?
- Didn’t graduate; still have to pay
- After 9th payment what does credit show
- Questions about 1980-t form. Help would be very appreciated.
- Need advice on how to move on with life
- Defer with continuing education?
- IBR and Economic Hardship Deferment
- Federal loan rehabilitation question re: good faith payments
- Need advice on if lowering monthly payment/refinancing is possible.
| Posted: 25 Jan 2018 04:42 PM PST Hi Reddit friends! I'm in a time in my life where major changes are about to occur, and I need some help navigating. My parents have not been in my predicament and can offer little help in counseling. I am a new nurse with 1 year of ICU experience and close to $65,000 in student loans. Half are federal and half are private through Sallie Mae (I plan to reconsolidate shortly for a better interest rate). My original plan was to move to Anchorage, Alaska and work in an Indian Health Hospital. The website for this hospital advertises tuition and loan reimbursement up to $40,000 for a two year commitment. I figured I would garner necessary ICU experience while working in Alaska for two years, which would give me the confidence to travel nurse afterwards. Also, by the time I felt ready and eligible to travel nurse, I will have already paid a large portion of my debt! Alaska also seemed to pay nurses well. It seemed full proof. This week my plans started to crumble a bit. I found this website which adjusts nursing salaries in metro areas for costs of living. http://nursingonpoint.com/salaries/rn-salaries-by-major-metro-area/metro-areas-cost-of-living-adjusted-spreadsheet/ Other nurses told me that nurses are paid very well in Alaska. The website shows nurses come about average in Anchorage and well below average in Juneau and Fairbanks. Makes sense since everything in Alaska has to be shipped to, well, Alaska. Also, my hopes of a tuition reimbursement are also growing dim. The major hospital in the area doesn't award the money, the government does. Funds are limited and some years folks don't receive the money. Not to mention it's based (the nursing recruiter told me) how long you've lived there, and the score of the facility according to the Indian Health Services. It is still possible I could receive the tuition help but definitely not guaranteed. The website also shows that California, surprisingly, can provide a good standard of living for nurses. It holds the majority of the top 10 spots for nurses salaries adjusted for cost of living. My concerns/questions: 1) Would I be better off in Alaska or the West Coast (or just anywhere on the map that offers a good standard of living and trying to budget and pay off my loans)? 2) Does anybody have any experience or ideas about working for Indian Health Services facilities? Is it a good option? 3) Ideas for paying off loans as a nurse? 4) Any ideas? I just want to gain experience as an ICU nurse, enjoy my life, and do a good job paying off my debt. Is it impossible to do all three? I love the idea of living in Alaska. Anchorage still handles like a city but wilderness is right at the doorstep. I could gain good experience nursing, work with a cultural entirely different than my own, and "restart" so to speak. But it might not be a financially smart move. It seems so difficult to navigate the Indian Health Services website and find opportunities to find work in Alaska or the Lower 48. I don't really know how to find these employment opportunities or their specific details. Any help would be much appreciated! [link] [comments]  |
| Where to start? Repayment Question Posted: 25 Jan 2018 04:54 PM PST So I'm currently 3 years into school and haven't paid anything back. I just started my career and have extra money due to no payments. I'm trying to figure out where I should start on my repayments. I was told to pay off the smaller loans right away although some have higher interest, as well as some being un-subsidized. Any feed back would be appreciated. [link] [comments]  |
| How can this student get student loans? Posted: 25 Jan 2018 03:02 PM PST I am helping a student who is
How can this student get student loans? [link] [comments]  |
| Didn’t graduate; still have to pay Posted: 25 Jan 2018 07:24 PM PST So my husband went to CSU Northridge, for 3-4 years for computer engineering. He didn't graduate, and hasn't had to pay anything yet because of his income level. I'm wondering if there are any tips or a way to be able to get rid of these student loans and not have to pay them?? It just seems so dumb to me to pay them as he didn't graduate, isn't working in the field he studied for, has no intention to finish, and almost of what he learned is now outdated. I feel like this is a dumb question, but it doesn't hurt to ask. Thanks!! [link] [comments]  |
| After 9th payment what does credit show Posted: 25 Jan 2018 12:32 PM PST I have 3 student loan payments that im paying off started the rehabilitation program in october 15ish for all 3 so my 9th payment will be june 15thish for all 3. For different family reasons i have to get a house sooner than later so i would like to start looking as soon as i can. My credit is good to qualify for an fha loan and ive talked to morgage people already and they have said the only thing holding me back is the default on my credit. so how long does it take for default status to get removed? How long till another service provider picks up the loan? How long till CARVIS shows im not in default anymore? Is there anyway to start the process of home buying before it comes out of default? What is your experience after your 9th payment? Thanks in advance reddit, my loans are thru us debt of ede and total 10,000 total if it matters [link] [comments]  |
| Questions about 1980-t form. Help would be very appreciated. Posted: 25 Jan 2018 12:32 PM PST I just received a 1098-t form in the mail today. I'm trying to understand what's the correlation between box 2, box 4, and box 5. In box 2 it says it's billing for qualified tuition and other related expenses. In box 4, it tells me adjustments made for a prior year. In box 5, it says scholarships/grants. Box 5 exceeds box 2 and what with I've learned so far, box 4 is money that is refunded or from a total amount of a negative balance from grants I believe. I guess i'm just trying to figure out with what all this means. Is it a good thing or a bad thing? I've never gotten one out of the 2 years I been at my community college. [link] [comments]  |
| Need advice on how to move on with life Posted: 25 Jan 2018 02:11 PM PST Hello, r/student loans. I'm in a bit of a pickle and want some advice as to move forward with my life. I recently graduated with a liberal arts degree and have 50k in debt to show for it. I don't want this to be a pity party; I just want constructive criticism on how to move forward with my life. Due to depression/lack of maturity I graduated from school with a 2.4 GPA and I accept full ownership of that. Grad school is likely out of the question because of said GPA. After I came to the realization that I spent 50k on a liberal arts degree I freaked out and my parents thought it would be best for me to go to a psych ward for a couple days and so I did. I've looked into joining the military but because that stay is on my record I'm not sure if I will be able to get in. As for options moving forward I have a couple avenues I could go down. I fought wild-land fires during my summer breaks from college so I recently applied to a local fire-department with hopes to get my foot in the door there. I've also thought about bar-tending at night and possibly starting a real-estate career during the day. Recently, I just had an interview for a financial services position. We will see how that goes. Lastly, I have an interview later today doing entry level SEO work for a local digital advertising agency. If those things don't work. I'm not sure how I can move along with my future. If anyone knows of other ideas of what I could do for a career please give me your suggestions. I realize that other people have even more debt than me and don't have a means to get out. I'm sorry for them but also thankful because I know it could be a lot worse on my end. Anyways, cheers my fellow redditors; we're in this battle together. [link] [comments]  |
| Defer with continuing education? Posted: 25 Jan 2018 05:37 PM PST Haven't been able to find a clear answer with Google. Can student loans be deferred if you take continuing education classes? If so, what are the requirements to qualify for deferment? [link] [comments]  |
| IBR and Economic Hardship Deferment Posted: 25 Jan 2018 09:04 AM PST I have all subsidized loans. I was curious with IBR plans, it says that the federal government will cover the interest payments that aren't covered by the monthly payment for the first three years. Does the clock on that three years start from the first IBR plan? For example if I was under an IBR plan for a year, then stopped for a year and was under deferrment for a couple of years, and then re enroll in a new IBR will the three years have been running this entire time? Also is there any benefit for applying for both an IBR and an Economic Hardship Deferment at the same time? If the three years of subsidized accrued interest is already used up would it make sense to go under an economic hardship deferrment to stop interest accrual? Thanks [link] [comments]  |
| Federal loan rehabilitation question re: good faith payments Posted: 25 Jan 2018 06:52 AM PST Hi all. First time poster here. I can't seem to find clarification on this anywhere, so I figured I'd turn here and see if anyone has some insight. I currently have 6 federal student loans totaling about $10,800 (quite a low amount compared to some others here, I know) in defaulted status. I almost can't believe how naïve I was after college to think things like that just go away. I could have deferred until I got a job and was able to make payments, but I didn't and here I am now having to deal with that mistake. I'm ready to take ownership of this and my plan now is to rehabilitate these loans. However, based on what I believe they will offer me as the IBR payment amount (15% of my discretionary income), I plan to request to complete the Financial Disclosure for Reasonable and Affordable Rehabilitation payment form in hopes that they will be able to lower the payment when taking some of my expenses into account. I am also aware that once the rehab payments are up, that payment amount will most likely increase, but I expect to be prepared for that at that time. So, from what I've read, after I make this request they may ask that I may a "good faith" payment while they calculate my rehabilitation payment amount. Pretty much every article I've read words this in almost the same exact way, and this is what I'm looking for clarification on: "This is optional, and you do not have to make these payments. However, if you do make them, good faith payments can count toward the nine on-time payments you're required to make, as long as the payments you make aren't higher than the amount you pay to rehabilitate your loan." The way I'm understanding it is, if I make a good faith payment then it'll count towards my nine payments, but ONLY if the good faith payment is LOWER than what they calculate for me to pay going forward? So if I pay $20 and they decide my payments should be $100, I'm fine? But if I paid $100 and they decide my payments are $90, then that $100 will not count as one of the 9, correct? I understand that any payment I make will help somewhat to potentially lower my debt, but I'd really prefer that my 9 payments start being counted sooner than later, because I can stop the wage garnishment after the 5th payment. I want my loans out of default, I want to get rid of the garnishment, and I want to just get back on track. With all this, do you think it's better to make a small payment like $20, should I go even lower and do like $1 to be extra safe, or have I completely misread all these articles? Please help! TIA! [link] [comments]  |
| Need advice on if lowering monthly payment/refinancing is possible. Posted: 25 Jan 2018 10:47 AM PST As the title says, I'm looking for any advice that might help. I currently have a loan from Wells Fargo that has a balance of $49,465.78 with an interest rate of 10.49% and a current monthly payment of 522.39. This is from consolidating my original loans about a year ago and is chunk of debt I'd like to try and lower payments on. I also have another $24,588.99 in federal loans through Nelnet adding $280.88 to the monthly total. While I work full-time, it's retail and I only make about 24k when adding up gross income, and my credit score is around 690 I believe. I've been looking for something better, but it's been difficult. I tried to get a rate through SoFi, Earnest and CommonBond before, but they said they couldn't do anything but to try and apply with a co-signer. I wanted to try LendKey, and they give me offers if I put my income at 24k, but I'm not sure what actually counts for it in terms of my income from my employer (gross or net pay). Right now I'm not having any trouble with making payments, but I'm also still living at home and don't have any major payments besides my loans. But eventually I'd like to move out and then it'd become more difficult. I know it's not the ideal situation to change anything but if anyone has any suggestions that might be able to help me I'd appreciate it as I'm not sure where to go from here. [link] [comments]  |
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