Navient Shares Tax Credit With Employees Student Loans |
- Navient Shares Tax Credit With Employees
- Scholarships to help pay off student loans?
- Need advice regarding my loans
- Teacher with question about Loan repayment/forgiveness
- Is it possible to refinance just one loan, out of several?
- Are student loans the only ones with interest compounded daily?
- Anyone had their DeVry loans forgiven?
- Best kickbacks/bonuses for refinancing Student Loans
- PSLF Employment Certification Queation
- Best way to refinance my fiance's private loan?
- Possible consolidation of private student loans while in graduate school that allow for in school deferment
- Help with Snowball vs Avalanche Method - Parents Insist Snowball is Best to Tackle My Specific Situation
- Navient giving us the run around
- I'm overwhelmed
- What Should I Be Prepared For?
- 30k to pay off student loans or into retirement account?
- Capital gains affecting income for IDR plans
- Numerous Calls to Discover Student Loans to Fix an Issue: Not Getting Resolved. Do I just wait it out?
- Question About NELNET
- Extra value of paying a loan not accruing interest?
- CAIVRS, Student Loans and FHA
- has anybody used SOFI and suggest using them?
| Navient Shares Tax Credit With Employees Posted: 03 Jan 2018 02:54 PM PST |
| Scholarships to help pay off student loans? Posted: 03 Jan 2018 11:03 AM PST I was wondering if there's any scholarships that will help me pay off my loans after college? (I'm still in school) If it helps, I have severe hearing loss and was born with hydrocephalus. [link] [comments]  |
| Need advice regarding my loans Posted: 04 Jan 2018 01:23 AM PST Background I have one semester left in school, but thought it is a good idea to start thinking about my loans. By the end of my undergrad I will have the following amounts:
Note:All loans are Federal Direct Subsidized with Navient. Rates are fixed. I do have an option to reduce the rates by 0.25% if I add a bank account. I understand the basic math when it comes to loans, what I want to know is: What is a good payment plan? Payment options? What are some good tricks/tips? Married to reduce your interest rate? Took a different loan at a lower interest rate? If you had a similar situation, what strategy did you use to pay your loans? Really looking for tricks and options that are not common or hidden, but people have used in the past in order to minimize their total interest amount paid at the end. Thanks. [link] [comments]  |
| Teacher with question about Loan repayment/forgiveness Posted: 03 Jan 2018 07:36 PM PST First year as a music teacher. Around 14K in student loans debts, first payments are coming up this semester and trying to get a better understanding of my options. Which payment plan to sign up for and/or what loan forgiveness to consider and how long until I need to start applying for those. Thanks! [link] [comments]  |
| Is it possible to refinance just one loan, out of several? Posted: 03 Jan 2018 07:03 PM PST Asking for a cousin. She currently has a mixture of federal and private loans. The federal ones are fixed at 6-6.8%, due to attending school between 2006-2010. The private one, though, is 11.25% and variable. She wants to refinance this one, but leave the federal ones alone. Is it possible for her to do so? Both of us have researched on various articles regarding refinancing but neither one of us could get a straight answer. EDIT: All the loans are under Navient, just wanted to clarify in case anyone was confused. [link] [comments]  |
| Are student loans the only ones with interest compounded daily? Posted: 03 Jan 2018 10:25 PM PST I have heard that mortgages are compounded monthly.. So are credit cards... Are there any other loans that compound daily? And does this impact the cost of interest? [link] [comments]  |
| Anyone had their DeVry loans forgiven? Posted: 03 Jan 2018 02:43 PM PST As most of you might know DeVry was sued and lost the case for fraud by lying about job placement numbers and saying if you come here you'll make "x" amount more than going to this school. I fell into this category as I was enrolled during the timeframe. I got a check for ~$500 from the class action suit. About 2 weeks after I got the check above I found out I could apply to have my loans forgiven because of the fraud they admitted to so I went to studentaid and applied for it. I heard nothing for several months and one day I got an email stating that all accounts of mine were placed on administrative deferment and I don't have to pay anything during this time. It has been several months now and I still haven't heard anything more and am unsure if it's still being investigated or what's going on. Has anyone here applied for this? Has anyone had their loans forgiven because of this? If so what was the timeline? Is there anything I should look for? Thanks in amdvance! [link] [comments]  |
| Best kickbacks/bonuses for refinancing Student Loans Posted: 03 Jan 2018 12:59 PM PST I am looking to refinance private student loans, $50,000 at 8.5% interest. I have found that Sofi gave me 4.75% interest and a $500 sign on bonus. However, I received a letter from a company that I cannot remember that was offering a $1,000 Apple gift card for using heir services. Does anybody know what company that was? Also, do you know of any other options with better kickbacks? thanks [link] [comments]  |
| PSLF Employment Certification Queation Posted: 03 Jan 2018 02:34 PM PST With it being the new year, I figured that I should submit my employment certification form. I started teaching at a public liberal arts college in August, so this is my first time getting my employment certified. Where would be the best place to get my employment certified—HR or my boss (A VP of the college)? I have been making IBR payments to my Direct Consolidation Loans since August. [link] [comments]  |
| Best way to refinance my fiance's private loan? Posted: 03 Jan 2018 01:12 PM PST Hello, My fiance recently came out of the grace period with two loans: one federal and one private. The federal loan (composed of several smaller loans) totals to $25k. The private one totals to $54k, and has a whopping interest rate of 8.9%. She has a degree in Industrial Design, which is a field that is hard to find a job for in our area. We have both been actively looking for jobs for her for the past year, and are now considering broadening the search to general full-time positions that may not be in her field. She currently works part time (around 20 hours per week) in retail, making $12 an hour. Given this information, she makes about $1100 per month, and about $14.5k per year. I've been doing a lot of research on student loans lately, and I found that the best decision for us right now is to refinance the federal loan under a federal income-based repayment plan, and refinance the private loan under a different lender. The federal loan refinancing is underway, and it looks like she'll be qualified for a $0 monthly payment. Obviously when she gets a job that pays more and eventually has to requalifiy, she will probably have to start paying more, but that works really well for us now. The private loan is the concerning one. I visited studentloanhero.com and started trying the refinancing agencies that they list there, but as of yet So-Fi has rejected the application. This makes me less-than-confident for the others. I even tried adding myself as a co-signer (I make $85k per year) and it was still rejected. I think her income is still too low. Our priority for January is to get her a full-time job that ideally pays more, but even moving up to full-time with no wage increase will put her at at least $28k annually, which should hopefully be enough for these agencies. However, in the meantime, what should we do about this private loan? The minimum payment on it is currently at $450, which is more than either of us can afford long term given that we are saving for our June wedding as well, and I am also paying off my own student loans. All I'm looking for is the best possible plan of action for us given the above, even if that means "bit the bullet and pay the exorbitant monthly payment until she qualifies for refinancing". [link] [comments]  |
| Posted: 03 Jan 2018 06:41 PM PST I am currently a PhD candidate with approximately 2-3 years left until graduation. My private and federal student loans are under forbearance and deferment respectively while I complete my graduate degree. The private student loans through Wells Fargo only allow in school forbearance for 4 years. I am concerned I will not be done with my degree before the forbearance period ends. Are there ways to consolidate these private loans with another company that will allow for in school deferment? The payments are too much for me to pay as a graduate student. [link] [comments]  |
| Posted: 03 Jan 2018 05:17 PM PST Most websites say the snowball method is more of a psychological benefit than anything else, and I wanted to verify with math. I can't find any online calculator that would accommodate for my specific situation. Debt at hand: $212,000 Parent PLUS Loan at 7% interest $30,000 Sub + Unsubsidized loans at average 3.9% Since I will be going back to school this summer, they will be in deferment for at least two years, still accruing interest at approximately that rate but with no minimum payment due. Therefore, ~$2500 is for now not tied up with the large loan's minimum payment. Assuming I have a monthly budget of about $3500 a month (with discipline) since I'm living at home and therefore living a low-cost lifestyle for awhile, my parents insist that wiping out the smaller loan quickly will ensure I'll have more money in my pocket to aggressively throw $3500 a month on the larger loan when it's time. I insisted it's always best to at least work on both at the same time, but I would prioritize the larger one out of Avalanche principle. Their logic: it frees up more money, gives me more options, and gives me more freedom because I'd have one loan instead of two (or one versus 9 - technically the smaller is a conglomerated estimate of about 8 loans but I wanted to keep it simple) and that will give me more loan options in the future. Can anyone help me settle this and/or show the snowball/Dave Ramsey method is a better method in this case? If payment methods for loans in deferment have been discussed, a link would be super helpful as well. If anyone finds an online calculator, that would be sweet so that I could easily break down the math to my parents and see which one really would be beneficial. This one came close but wouldn't allow a zero minimum payment on the large loan because it basically assumes you're defaulting for no good reason. Thanks so much in advance. [link] [comments]  |
| Navient giving us the run around Posted: 03 Jan 2018 01:08 PM PST So I called Navient to pay off my student loan last week in full (nearly 30k). First day, they quoted one number and the next day it was a different number (higher). They said it was accruing interest. Fine. Paid it off and asked them to send a confirmation. They didnt. Today, I see that the amount was debited. I call again and they said it has still not processed and so we were liable for any interest accruing. This is adding like 100s of dollars and I am at a loss on what to do. Is this legal? I have still not received an email from Navient regarding receipt of the amount. Any advice? Quite possibly the worst set of thieves around. [link] [comments]  |
| Posted: 03 Jan 2018 01:58 PM PST Hi all, Perhaps you're like me. If you don't think about the loans they aren't there, right? I pretty much went about my life with the notion I would be paying my student loans forever. I have a BFA in Photography. I graduated in 2015. After graduation, I barely made minimum wage. I bounced around jobs that paid me poorly, treated me poorly, and took anything that was remotely in my field to further my experience. I'm happy to report that for the last year I was gainfully employed making 44,500/year. I tasted real life. It was nice. Now I'm ready to get serious. I don't want to work where I work anymore. I want to work my way up the ladder for the career I actually want which is to pursue a Master's degree and become a professor. I want a family, and I'm 25 so my clock is ticking. My loans didn't get too out of hand, thankfully I had parents who were proactive in helping me get as much covered of my tuition and I currently owe $44,453.16, that is the principal balance. With interest I now owe $45,087.56. I am on the IBR paying $51.43/mo. All of my loans are federal, with the exception of one private which I almost have paid off, $384.27 remain. As for my living expenses, I pay about $1300 for my car, insurance, rent, and utilities. And this is me rounding up by a couple hundred dollars. This doesn't include groceries or gas but rounding up to having more than enough based on past spending I'd say about $560 a month for gas and groceries. I spend much more than I should each month on eating out. I'm determined to stop that. It's mostly breakfast on weekends. So, my takeaway each month is about $2600. Taking out these living expenses leaves me with $800. I also have about $3000 in an emergency fund and am committed to taking $50-$100 from each paycheck and immediately putting it into my savings. I think I should at the very least max out my monthly payments, which would be $466. What do y'all think? Also, I do want to go to graduate school. But, now I'm afraid of adding more debt on top of that. I thought of waiting and paying at least a good chunk off while working on strengthening my application and portfolio for some more peace of mind. Paying the 466/mo would take 8 years to fully pay it off. I love living on my own, having my own car and expenses. Maybe I should just move home when my lease is up and buckle down. I don't know Reddit fam. Sorry for this wall of text. I'm just thinking through it all. It's very overwhelming. [link] [comments]  |
| What Should I Be Prepared For? Posted: 03 Jan 2018 01:35 PM PST Hi hi! I'm set to graduate Fall of this year and have only government loans at this point though I may need to go through Sallie Mae for the last semester and am nervous that I'm going to get screwed somehow as I prepare for grade school in Fall of 2019. I work as a tutor bringing in about ~$600 a month extra income. What sort of things should I be doing now to make sure I don't get screwed as I go into graduate school? Should I refinance? How bad is it to go through Sallie Mae for a semester or two? Should I skip graduate school (to become a professor) and take up a non profit gig for 10 years and hope for forgiveness? What are things you wish you knew when you graduated? Thanks for all the help! Cheers! [link] [comments]  |
| 30k to pay off student loans or into retirement account? Posted: 03 Jan 2018 07:17 AM PST Common situation: was stupid when I was younger and took out more loans than I should've for a state school BS and MS. Deluded myself into thinking it wasn't that bad, ended up close to 60k in debt, about 20k of which was PLUS, the rest federal. I'm 35 years old now. 35 years old now and here are the details:
I paid the PLUS loans first as I hate hurting my mom's credit, wanted that off her record. Savings:
Debts:
Now the question: I'm about to get a 30k lump sum payment, would I be better off putting that into my brokerage account and taking advantage of compounding interest or just eliminating the student loans? My concerns are:
I'm sort of leaning to just paying it off, mostly because it would be something off my mind and I can finally put that chapter of my life behind me. However, I'm also worried that in 20 years I'll be looking back and kicking myself for making a bad choice just like I currently do about my college days. Any advice is appreciated! [link] [comments]  |
| Capital gains affecting income for IDR plans Posted: 03 Jan 2018 12:48 PM PST Just curious how this works? Capital gains from investments will increase your income but if it's not regular income, could you just have a certified letter from employment stating what your salary is for that particular year when you recertify instead of importing tax information/AGI? [link] [comments]  |
| Posted: 03 Jan 2018 12:47 PM PST tl;dr: Discover Student Loan account showed $0 balance due for 2 months. They said it was a computer error and to pay what I should have expected to pay. Now the computer system is fixed and not recognizing my payments. Account is delinquent, lost interest rate benefit for on-time payments, and Discover still has not fixed the issue! Long Story: Back in October 2017 Earnest (Student Loan Refinance) consolidated 3 of of my 4 Discover student loans. November 1, 2017 comes around and it's time to pay the bill on the 4th Discover loan. It shows $0.00 balance due. I thought this was strange so I contacted Discover. The representative tells me it was likely that Earnest over paid the loans and some of the extra was applied to next months payment (November) on the 4th Discover Loan. This didn't seem right but $0 balance due is $0 so I let it ride until December 2017. November 27, 2017 I log into my account early to pay for the December 2017 bill and once again $0 due. This definitely wasn't right so I called Discover again. They said back in September/October they changed over their computer system and an error occurred where it is showing $0 due on some accounts. They said it should be fixed in December but we would recommend you pay what you would have expected to pay for the November and December bills. I said okay and I went in and paid the amounts. There was no option to apply to balance due because it was $0 so I applied to the principal (big mistake). December 1, 2017 rolls around and I start receiving debt collection calls and emails from Discover. Additionally, I lost my "On-Time Payment Interest Discount" of 0.5% because my account is now delinquent. Basically, my account doesn't show I paid for November even though I did on November 27, 2017 (I know I paid "extra towards the principal" but that was my only option). Since December 1st I have called 6 times to get the issue resolved and each time they tell me they are escalating the issue and it should be solved within 3-5 business days. Each representative looks at my account and understands what happened but it isn't getting fixed! Now it's January 1st and I am paying extra because the interest rate went up and have to wait 3-5 business days before I get to call back and check on the issue again. Do I just wait it out? [link] [comments]  |
| Posted: 03 Jan 2018 04:24 AM PST I am currently making one monthly payment to NELNET for my student loans. It appears my monthly payment is made up of individual monthly payments on 6 different groups of loans. For example: Group A 100/month Group B 100/month Group C 100/month Group D 100/month Group E 100/month Group F 100/month Total monthly payment is $600. My question is, if I pay off Groups A-C, will my monthly payment be reduced by $300? I asked NELNET about this and they gave me a very vague answer basically saying it should work like that, but may not be exactly $300. It would be more or less. Anyone have any experience with this? Thank You [link] [comments]  |
| Extra value of paying a loan not accruing interest? Posted: 03 Jan 2018 11:50 AM PST After years of payments, I have only a handful of subsidized federal student loans left. To throw you some numbers, these loans amount to about $20k with an average interest rate of 5%. The advice I've generally heard is: If your student loan interest rates are low, it can be wise to funnel extra cash into investments rather than extra loan payments. As it was explained to me, an investment that returns at a rate >5% would be preferable to making extra payments on my 5% interest loans. Simple enough for me to understand. However, my subsidized loans are now deferred because I am taking classes again; interest is no longer accruing. I feel like that adds some value to making loan payments currently... But is that true? How much value? Are extra loan payments now more valuable than a 5% investment? 6%? 10%? I'm way out of my depth here — I spent college talking about my feelings. I reckon some of you spent your time talking about your feelings and learning how interest works. Thank you. [link] [comments]  |
| Posted: 03 Jan 2018 04:59 AM PST My wife and I have been renting and slowly saving up a down payment to buy a home. We did a bankruptcy in 2015 and were waiting the 2 years to be eligible for an FHA loan. Before the 2 years were up our apartment flooded in a rainstorm, the landlord refused to properly take care of the issue and we had to move out within a week because we have a 3 year old and mold was beginning to grow in the apartment. Since late August we've been back and forth between my parent's and wife's parents due to hurricanes and power outages. Anyways, the 2 yrs after the bankruptcy came up, we went to a mortgage broker, got pre-approved, everything looked perfect and we put an offer on a house we thought was perfect. We are set to close January 29th, 2018 and when the loan went to the underwriter he found an old student loan on my CAIVRS report so that disqualifies me for an FHA loan. I've been trying to get that loan out of default ASAP but the collection agency hasn't been of much use. After 20+ calls and sending them papers via email that they "have yet to receive", the quickest thing they can do will take 9 months to get the loan out of default, otherwise I have to pay it in cash ($26,000). No bank will consolidate the loan because it is in default and I did not finish my degree. I'm trying to consolidate the loan via the William D. Ford consolidation program but that will take 40+days. No pleading that I did helped me expedite that. Is there anyways to get a loan out of default and back on a payment plan within the next couple weeks? Any banks that will consolidate that loan for me w/out a degree and the loan being in default? If this doesn't go through I will lose $700 in the house inspection I paid for, and I will have to go back to renting which means I have to give $3,200+ as a down payment to move in somewhere plus moving costs. It may take me another year to recoup the losses and be able to buy again. I had a payment plan with this loan. It was taking the payment out of a credit card for a year, then they stopped with out telling me. I asked why and they said I make too much money and my payment had to be quadrupled. Thank you [link] [comments]  |
| has anybody used SOFI and suggest using them? Posted: 03 Jan 2018 09:41 AM PST |
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