Paid off 3 of the highest interest rate loans (Navient) and they didn't apply it to them, this is a friggin NIGHTMARE Student Loans |
- Paid off 3 of the highest interest rate loans (Navient) and they didn't apply it to them, this is a friggin NIGHTMARE
- Student loan forgiveness medical field
- Navient nightmare
- FAFSA Tax Return help
- Should I knock out a loan with highest interest rate despite it being my lowest monthly payment?
- Questions about REPAYE interest subsidies
- Negotiating down an IBR monthly payment
- Student Loan check made out to BF and school
- Refinancing Loans with Income in Foreign Country
- Recovering an overpayment made towards PAYE
- over $100k in loans and wants to pay off quickly
- Disability Discharge
- Where to apply for a student loan
| Posted: 30 Jan 2018 04:50 PM PST I posted about this sometime in the past few months. TL;DR version, I paid 3 high interest loans before I went into repayment on the Navient website. Navient applied the payments across all of the loans. I called, they did nothing. I complained to CFPB, Navient said they 'responded'. They didn't fix it. I have screen shots showing the 3 loans I wanted the payment applied to. Took a non profit job that pays 40 k a year. Nice place, thought i'd get PSLF and get my payments down. Nope! My old loans have suddenly turned FFEL, and aren't eligible for IBR. When I went to consolidate, with PSLF, the interest rate is like 6.8% and the payment is higher on PSLF/IBR than a 300 graduated repayment rate. My husband and I made about 95k together last year. It would be cheaper for me to just do snowball and pay it off in 10 years. How the heck does this happen?? I've been in non profit all my life, and have never been able to pay these damn loans, looks like the trend will continue until i'm 70. edit: dyslexic typo [link] [comments]  |
| Student loan forgiveness medical field Posted: 30 Jan 2018 11:24 PM PST I am currently working in the medical field with over 200,000 dollars in student loans. I work for a non profit hospital and have already signed up for the IBR plan as well as the 10 year loan forgiveness. As more and more of us 30 something year olds come out of college and into the professional world, the likelihood of the actual 10 year forgiveness program helping us is minimal. I was wondering if anyone in a similar situation has any advice or recommendations of how to substantially decrease if not eliminate my student loans. [link] [comments]  |
| Posted: 30 Jan 2018 07:48 PM PST I currently have about 11K in loans with Navient (about 23K with Sallie Mae, but that's another story). This year I've decided to try to kick Navient out with making higher payments. Since I didn't see anywhere on the website to increase the monthly payments from the minimum (absolutely evil of them) I tried calling. The call went like this: Me: I'd like to increase my monthly payments Them: okay. It looks like you're in school, would you like to stay in deferment? i go to school part time and work full time Me:no. Them: okay, but it will increase your monthly payments. Are you sure? Me: Yes, duh. Them: Alright. Your monthly payment is now 98$ due first on the 18th. Me: so that's my payments from now on? Them: Yes. A few days go by and I think all is good. Then I get an email from Navient saying "YOUR DEFERMENT HAS BEEN APPROVED". Yeah, no. Call them again and I have pretty much the exact same conversation as last time. Then a few days after that, I get ANOTHER email saying my deferment was approved AGAIN! I checked my statement and they only took out the minimum payment this month. Is there something I'm missing? Is this what I'm supposed to get because it seems wrong. And if this is an "accident", then that's just criminal and I'm pissed. [link] [comments]  |
| Posted: 30 Jan 2018 02:55 PM PST Quick question. While filing for my 2018-2019 FAFSA, I noticed that it asks only for my mom's tax return information, but not mine. Is that because the information from 2017 and 2018 is still valid? Also, since my mom didn't file (she didn't work the whole year), will that affect my student aid? [link] [comments]  |
| Should I knock out a loan with highest interest rate despite it being my lowest monthly payment? Posted: 30 Jan 2018 10:02 AM PST I was thinking of using the avalanche method in tackling the highest interest rate loan followed by the next. All together I have 3 private loans ~$90K. The one with the highest interest rate of 8.75% is $284/mo ($26K) while the second highest is 8.67% but at a little heftier payment of $474/mo ($34K). What should be my overall strategy here? Additionally I'd like to reduce my debt/income ratio as quick (but as smart) as possible. [link] [comments]  |
| Questions about REPAYE interest subsidies Posted: 30 Jan 2018 05:55 PM PST I'm so confused and keep hearing/reading conflicting information. I just started on the REPAYE plan. My monthly payment is $150 but I'm accruing about $350 in interest each month. The major appeal of the REPAYE plan for me is that the government will cover a portion of the interest that's accruing that my monthly payment won't cover. I am currently (temporarily) able to pay more than the minimum $150/month. Is there a way for me to apply the portion of the payment over $150 to a specific loan's principle without sacrificing the government interest subsidy? If so, how should I do that? (I've heard two payments are necessary; one with the required payment amount, another for the supplemental amount. But I've also heard you can't choose how to allocate the second payment and that it would all go towards interest.) I'm trying to get as least screwed over as possible and would really appreciate any insight/advice! [link] [comments]  |
| Negotiating down an IBR monthly payment Posted: 30 Jan 2018 10:40 AM PST Tl;dr- Has anyone successfully negotiated down an IBR payment they couldn't afford? The pickle I am in is that when I got married and we first filed our taxes jointly, my IBR payment quintupled what I had been paying on my own salary. Combined that year my spouse and I barely made $60,000. I have a little over $60,000 in loans, all federal. I could afford the increased payment if I was making that amount by myself, but it's like they don't understand that with two people's income you also double your living expenses. The conundrum I am having now is since we have been filing out taxes separately, my IBR payment dropped to a reasonable amount, but we always end up owing back on our taxes. My question is: I can handle the payment going up if we file jointly, but not the exorbitant amount it jumped, and I'm wondering if I called Fed Loan and went through my expenses, debt, etc, if they would work with me to get the payment to something manageable. Or would it just be a lost cause and screw us up in the end? [link] [comments]  |
| Student Loan check made out to BF and school Posted: 30 Jan 2018 01:38 PM PST My boyfriend took a student loan out with Sallie Mae to pay for school. Sallie Mae mailed the check to the school and it's made out to both him and the school. The school said they couldn't accept it this way that he should go to his bank and exchange it for a cashiers check. His bank wouldn't take it because it's also made out to the school. The school endorsed it by stamping the back of the check and gave it to us to figure out. How should we handle this?? [link] [comments]  |
| Refinancing Loans with Income in Foreign Country Posted: 30 Jan 2018 07:55 AM PST So I moved to Canada after graduation and I have finally found a job here that pays pretty well. I'm hoping to refinance my $85k (majority private) loans but I have no idea where to begin. One of my biggest fears is that I won't be able to refinance and I'll be stuck with over 10% interest on some of my loans... Any one have experience with this? [link] [comments]  |
| Recovering an overpayment made towards PAYE Posted: 30 Jan 2018 07:49 AM PST Hey folks, Currently enrolled in PAYE, working towards PSLF (have made 11 qualifying payments so far) and am serviced by FedLoan. This past October my first non-zero monthly payment ($78.70) was due. I manually paid it on 10/1/2017 however on 10/5/2017 I was charged the same amount again since I had previously enrolled in automatic payments... essentially I paid for October 2017 twice (my official payment due date is the 5th of each month). Since then each of my billing statements states that my "Current Payment Due" is $0.00... which to me means that the 10/5/2017 automatic payment is essentially being propagated as a carried forward balance. I was considering suspending my automatic payments for one month to get future automatic payments to be applied to the current month but I want to make sure that each payment counts towards PSLF. I called FedLoan up and was told if I were to do this, I would in essence miss a PSLF qualifying payment which did not make sense to me. The representative did not sound too confident so now I am turning to /r/StudentLoans. Does anyone have a definitive answer to this question and an official reference that they can cite? Thanks! [link] [comments]  |
| over $100k in loans and wants to pay off quickly Posted: 30 Jan 2018 08:42 AM PST I'm just going to lay it all out there. Im a 26m who finally after 2 bachelor degrees, is making middle class type of money working in nursing. I graduated from 2 well know colleges in the midwest (first degree was a BS in exercise science, and my second is BS in Nursing). Obtaining these degrees came with a hefty price tag and now that I am almost out of grace, I come to the subs of Reddit to help me with my finances and budgeting with the hope to have a plan to knock out my loans aggressively over the next few years if possible. The debt: Fedloan debt is: $55,592.27 (IR between 3.4-6% fixed) and my private loan, which is through Greatlakes is $54,202 (IR 9% fixed). I also have a car in which I owe about $11k on ($301/month which is above my actual payment of 294/month), and 2 credit cards that are currently being used as interest free balance transfer cards with values of $1600 and $5,900. I've been trying to aggressively pay off my credit card bills by putting more money into them each check but with my students loans and other expenses I feel like i'll be paying my debt forever. Ideally I'd like to pay off the credit cards first hand while also making my monthly payments towards my student loans. Income: My income is roughly 1500/bi-weekly after tax and my expenses excluding credit card payments is roughly $1,244 (rent, gas and lights, insurance, etc) leaving me with roughly $1,756 before putting money into savings and paying my credit cards. My current system is every check I place $150-200 in my savings, pay my bills, and pay whatever is excess to my cards while saving around 200 to get gas for my car and groceries. My reason for coming here would be to gain a bit of insight as to what I can change what could I do to better position myself towards financial freedom. I've thought about selling my car but realized that I would lose money on it and I've also considered picking up a second job at a different hospital so I won't have to pay as much in taxes for OT. Any and all advice is accepted as well as suggestions for helping me to better manage my money. I will also cross post this in /r/financialindependence as i deem that it is relevant for that sub as well, Thank you for your time! [link] [comments]  |
| Posted: 30 Jan 2018 04:09 AM PST I recently received 100% Total and Permanent Disability/ Individual Unemployablity from the VA, and was told I could request student loan forgiveness. Anyone have any information on how this process works, any upsides/downsides to this? [link] [comments]  |
| Where to apply for a student loan Posted: 30 Jan 2018 05:54 AM PST I am in the MD/DC area and am about to take out a loan for my graduate school program. Are there any suggestions for who I should go through? I have heard good things about NavyFed, though I do not currently have an account with them. I was also thinking Discover. Just looking for some tips if anyone has experience with one of these? Thank you! EDIT: I have already applied for FAFSA, this is to cover what FAFSA does not [link] [comments]  |
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