Planning to pay off my loans within a year, got an offer to refinance and get a $1000 Apple gift card. Any reason not to? Student Loans |
- Planning to pay off my loans within a year, got an offer to refinance and get a $1000 Apple gift card. Any reason not to?
- I'm so embarrassed and don't know where to start. In deferment 37k
- Wtf Navient?
- A few refinancing questions
- How is my SAP financial aid appeal so far? Denied once time, here is my second attempt.
- Refi'd a student loan last month, payment disbursed, got an email saying the servicer was changing, what a mess!
- Pay off Student Loan before investing in Roth IRA?
- Question about Nelnet auto debit
- Live stream of session two of the borrower defense negotiated rule making session.
- Want to get our of default so I can finish school finally. Need some advice.
- PSLF question
- Help with loans and recent disabilities
- Student loan mess, help/hope me?
| Posted: 08 Jan 2018 04:49 PM PST I currently owe $75,922 at 5.25% fixed. I'm planning to pay these off within 12 months. I just received an offer in the mail from CitizensOne to refinance and get a $1000 Apple gift card. 5 year fixed at 5.74%, variable at 4.85%. At that fixed rate, I would end up paying $189 more over the next year. At 4.85% I would save $154 in interest, assuming no rate changes (which I realize is a bad assumption). My current lender has no prepayment penalty. Am I missing something? Any reason why I shouldn't take this offer? At the fixed rate I'm essentially getting a $811 Apple discount. [link] [comments]  |
| I'm so embarrassed and don't know where to start. In deferment 37k Posted: 08 Jan 2018 11:26 AM PST I dont know where to start to pay. My boss just spoke to me about wage garnishments. She says they've asked her multiple times before xmas and she didn't want to do that to me before the season. This is my first real job, i live in a major city, make just above minimum wage and work 2 jobs. 1 full time and another 20+- hours a week at nights. I'm barely paying off credit cards and making my bills. I also am paying $200 a month in therapy, and medication for my mental health. That is literally where my extra income goes. Now if I stop that I'm sure I can pay this bill on my income but how, and at what actually health costs? anyway. where do I start and is there encouragement and a light at the end of the tunnel? I know I need to find a better paying job and thats what I'm actively pursuing. I've had 3 interviews. So it's not that I'm not trying. edit: they will be taking out $300 a month by my bosses calculations. Would $200 a month be something they would take instead im not sure how all this works. I don't really know many people with student loans, or who even went to college that I trust enough to speak about this. [link] [comments]  |
| Posted: 08 Jan 2018 07:30 PM PST I called Navient in Nov 2017 and said I wanted to increase my monthly payment. They said it wouldn't take effect until Jan 2018. Then in Jan, they increased my interest rate and never increased the auto payment amount! WTF? Now I have to call those assholes back AGAIN. FUCK I'm sick of this shit. [link] [comments]  |
| Posted: 08 Jan 2018 08:38 PM PST Hi there, I'm about 4 months into my new career. My wife and I make about $165-185k combined at the moment. I have around ~$240k in student loans between three different vendors. My wife has no debt. My average interest is about 6.6%. $35k of those loans are terrible private loans from undergrad that are at 10-11% interest. My credit is fair-good. I have no deliquent payments on any account, but it's not fantastic credit because of my debt presumably. My wife has excellent credit. My questions: 1) I have heard I need to be working for a little while to "establish income" before refinancing my loans in order to get a good rate (so they know I'm actually making money to pay it off). Is this true? Is four months enough? 2) Should I pay off my $35k of nasty 10-11% loans before refinancing? 3) Any other advice on things I'm not considering? Thanks, everyone. [link] [comments]  |
| How is my SAP financial aid appeal so far? Denied once time, here is my second attempt. Posted: 08 Jan 2018 07:48 PM PST Dear Financial Aid committee, I am appealing my federal aid ineligibility as a result of failing to meet SAP requirements during Academic Year 2017 Fall semester. I both understand the decision for dismissal and take responsibility for the actions that led up to it. I have written this letter in hopes of conveying the gravity with which I regard my academic future and the steps I have taken to remedy my current academic standing. The actions leading to my grades not meeting up to SAP standards were due stress due to taking too many courses and the depression and anxiety I contributed because of it. Before enrolment as a transfer student in 2016 I was diagnosed with hypothyroidism.I went through a few doctor visits and was put on Levothyroxine medication which did at the time help with the depression and anxiety symptoms. In fall 2017 semester is when my refills of the medication went out , at this time is when I would start seeing the symptoms again.As a result of being off medication my stress and anxiety started to build up as it was the first semester in which I took more than 4 classes. This gave me constant insomnia, troublesome fatigue walking to class and constant just streaks of depression with academic scores not being met to standards that were I wanted them. At this time I did not seek any counselling for my depression and anxiety. In september though the end of the academic year I would see my advisor for academic advice on my major, as well as an attend academic peer coach session which started on 10/17/17 which in a way did help with insecurities about my academic decline. I have sought treatment for these issues and am currently on a new insurance plan and will have funds to buy more levothyroxine for my hypothyroidism in order to help my depression and anxiety symptoms. Appointments have been made on 1/9/18 to see a counselor for my depression issues until I am able to receive medication after my doctor check up in later date january. I have come up with an academic plan with my advisor which will enable me to make better academic decisions a choices in order to graduate in my major. I have also dropped my course load from 5 classes to 4 per semester and will be taking a break from accounting for a semester in replacement with an elective course as to not work myself which could result in an anxiety attack or stress overload. I have already started to attend harc in university suites center and will continue to go weekly as well as make tutoring appointments in academic success center as the semester workload starts to kick backup. This is what I have so far, how is it? what would should I add, get rid of etc and grammar. here are the sap rules: The SAP Appeal process requires the submission of a written statement by the student outlining the extenuating circumstances which led to their academic difficulties, how the circumstances have changed, and the student's plan for improving their academic status. The statement must be typed, signed by the student, and must specifically address the courses, grades, and terms of enrollment which are affecting the insufficient SAP standing. The statement should have correct grammar, spelling, and punctuation and should be written in a professional manner. The appeal must be accompanied by supporting documentation from at least two individuals who can corroborate the student's circumstances. If the documentation is provided by a professional (business, medical, counselor, clergy, etc.), the documentation must include the institution's professional letterhead, the professional's credentials, and must be signed. If a letter of support is provided by a personal reference (teacher, family friend, etc.), the documentation must be signed by that reference. [link] [comments]  |
| Posted: 08 Jan 2018 03:59 PM PST Used DCU to refi private student loans serviced through AES and the private loan I had through Navient for about $25k. I have some staffford loans at Navient. DCU literally cut the check between Christmas and New Years and my first payment to DCU is 2/4. Got an email today from Navient telling me they are taking over my AES loans. What a mess!! I hope checks don't get crossed in the mail! [link] [comments]  |
| Pay off Student Loan before investing in Roth IRA? Posted: 08 Jan 2018 10:51 AM PST Hey all, I have student loans totaling about $34,100 w/ 6.8% interest rate. I made about $27,000 pre-tax in 2017. In 2018 (if I stay in this job), I should make $31,850 pre-tax. I have been budgeting heavily and put about 20% of my income into savings for emergencies and to invest in building a tiny house. I am currently on the IBR plan with a minimum payment of $82, but I make payments of $100. (What other info do you need?) I will not be able to max out my Roth IRA on my current salary & still be able to invest in my emergency savings. Should I still plan on getting one before trying to pay off my student loans more aggressively? What are your suggestions? (I want to get a better paying job! But that is not realistic in my area at this moment). [link] [comments]  |
| Question about Nelnet auto debit Posted: 08 Jan 2018 03:44 PM PST Hi everyone! I just had a quick question about auto debit on Nelnet since I just started paying back my loans. My grace period for paying back my loans has just ended and my first payment was due last Saturday on January 6. I had set up auto debit ahead of time and read that due dates on weekends/holidays are paid the next business day. It is now Monday and it says my payment is considered past due, but the payment is processing. The payment isn't reflected in my bank account yet either. Is this normal and I just have to keep waiting, or should I do something? Thanks! [link] [comments]  |
| Live stream of session two of the borrower defense negotiated rule making session. Posted: 08 Jan 2018 06:38 AM PST https://www.facebook.com/higherednotdebt/ I will try to answer any questions you have in the evenings. I,will also post the draft issue papers in the comment section here later today. [link] [comments]  |
| Want to get our of default so I can finish school finally. Need some advice. Posted: 08 Jan 2018 12:30 PM PST I know this has probably been posted in the past but I could not find anything recent in a quick search. So I am 31 years old and I have been out of school about 8 years. I dropped out at age 23 then went back for a year and dropped out again due to some problems I had developed which is a story for a different thread. Anyway I always loved school and learning and even to this day I've wanted to finish my degree (bio major, computer science minor) but the main thing is the fact that I have been in default for years. About 38k now with interest because I have bounced around from job to job and never maintained steady payments. Some are private others are not. I want to get the F out of default fast so that I can go back to school. I still have 80% of my Pell grants and I should be able to pay for a few classes a semester with some help from my brother and fiance who both desperately want me to go back almost as much as I do. The point is I am a self-employed graphic designer and in my area I only make about $750 a month. Other than my love of science, graphic design and some coding are the only things I am good at hence why I want to go back to school. I've done a little research and I've been led to every article saying call loan services/get consolidated, etc. I've also heard consolidation is a scam. Is there any way I can get out of default I'm 6-9 months based on my income? I want to get these damn loans taken care of and in good standing almost as much as I want to be back to learning something I love and care about. Sorry the post is long and if all I get are some redirects to other posts I'll be happy you good fellow redditors even took the time to read this. Thank you all, have a good day. [link] [comments]  |
| Posted: 08 Jan 2018 09:23 AM PST Hi everyone! I have a quick question about PSLF. I haven't started making payments for my loans yet as I started my masters degree. However, I have around 2.5 years in the public sector (I work in a civilian position for the US Army). Is there any reason to put in the PSLF certification form yet? [link] [comments]  |
| Help with loans and recent disabilities Posted: 08 Jan 2018 10:03 AM PST My current loan debt has reached about $60k and most of it is owned by the federal government In March I had brain surgery, causing my overall ability to perform in my career difficult. Currently, I am unable to find work in my field and am taking up a job as a barista. Talking to FedLoans, I only have the option to defer my loans for a short period and IBL does not help me because my spouse works at a higher pay rate than I. Do I have any options that could help me manage/alter my loans to deal with my new disabilities? [link] [comments]  |
| Student loan mess, help/hope me? Posted: 08 Jan 2018 06:06 AM PST I'm a mid-level healthcare provider with current loan debt at $187k. ($150k principal with the rest interest at this point). All loans are federal. I made on-time payments for the first two years, but for family reasons, I've had to move overseas indefinitely and am currently on a $0.00/month IBR repayment (hence the high interest, about $15K per year). The fact that the two years of payments I made have been erased by subsequent interest is absolutely crushing. My current $0.00/month payment is counted as "on time" towards a 25 year loan forgiveness plan, but what other options do I have, and what will this look like in 25 years? As I understand, the debt will be forgiven at that time (which could be something like $400K) but will be treated as taxable income. How much might that be? I will be about 60 then, and don't know how I would pay that debt off, either. I am working overseas in a similar role to my career at home but the pay is much, much lower. If I increased my payment to something like $200/month, it would be a great hardship for me and my family, and not make much of a difference on the loan principal or interest. The standard repayment plan is about $2400/month, which is about twice my current monthly income, so not at all possible. I have looked into PSLF but have not found a US organization that qualifies while I'm working overseas. I have also looked into locums positions in the US that pay a high hourly rate and cover my housing costs so I could have money to throw at the loans, but this makes it very difficult to physically support my family overseas, and I would of course then have to send money back to family. Also, with the locums positions, while I could throw chunks of money at the loans, because they are temporary, I would likely have gaps between jobs where the interest would pile back up. I have also looked at HRSA/FQHC loan forgiveness but it would again require me to be away from my family for a minimum of 2 years, and now that the interest is capitalizing so quickly, the $50k award seems minimal. I have no other income or assets at this point. I would like to have a child soon, and am at an age where the window for doing so is quickly closing shut. My spouse is not a US citizen and cannot work there at present, so that of course complicates my working there if we want to have a child, on top of other responsibilities to family overseas. I don't know what to do with my loans or how to strategize. I can't stop thinking about the debt and my overseas income is only about US$19K per year. I wouldn't have taken out the loans if I knew I couldn't pay them back but never anticipated I would find myself overseas supporting family. How should I go about thinking about my loans and what might make the most sense financially? What sort of financial planner or advisor might I need to speak to? How can I find out more information about what the 25 year loan forgiveness/tax payments might look like? What else should I be thinking about? Thank you for your help and advice. [link] [comments]  |
| You are subscribed to email updates from Advice, articles, and general discussion pertaining to student loans.. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment