Starting a new business with student loan debt (220K+). Would it be beneficial for my partner to own the business and pay me a "reasonable salary" to minimize repayment costs? Student Loans |
- Starting a new business with student loan debt (220K+). Would it be beneficial for my partner to own the business and pay me a "reasonable salary" to minimize repayment costs?
- Took a semester off. Can someone tell me my options for receiving federal loans?
- Question about inheritance and its impact on AGI
- Is it still true that people with Federal loans who make timely payments for 25 yrs and keep current with IDR will have their loans forgiven?
- I cosigned a loan, but payments are not being made.
- Conduent 1098E form link missing from site
- Help with consolidating loans
- I have a few questions
- I’m making low payments for my student loans. My income isn’t that high so I can get like $2500 of interest back on tax returns, do I still have to worry about accumulating interests?
| Posted: 27 Jan 2018 03:14 PM PST I am a female doctor looking to open an office. I am hoping to open without taking any loans. I am $220K+ in student loan debt and using Income Based Repayment (IBR). I am wondering how much I pay myself vs how much the business brings in effects the repayment rate. Would it be beneficial for my partner (male) to own the practice and pay me a salary to minimize repayment costs? Would us getting married effect this? 1st post on reddit! [link] [comments]  |
| Took a semester off. Can someone tell me my options for receiving federal loans? Posted: 27 Jan 2018 10:41 AM PST Due to stress and family genetics I had a psychotic break during spring 2017. Took the summer and a semester off and I'm currently enrolled in courses for Spring 2018. I was planning on taking out student loans, but realized my previous ones went into repayment and I have not been making payments. I am wondering if this is going to render me ineligible to receive federal student loans or if there are any kind of documents I need to submit. I was not okay for a few months, and I am hoping there might be something I can do. [link] [comments]  |
| Question about inheritance and its impact on AGI Posted: 27 Jan 2018 03:31 PM PST Hi guys, long time lurker. I am currently enrolled in an idr plan with about 70 payments to date with current payments around $700/month. My dad passed away early last year and with things finally settling down his wills' trustee informed my siblings and me that we are looking at a lump sum inheritance of around 100k. While that would definitely be a great to help my family, I worry that adding that to my agi on a 1040 will hit me hard in the idr monthly payment. Is there any way to avoid a situation that will make my agi go up by 100k and adversely affect my monthly income based repayments? Thanks in advance. [link] [comments]  |
| Posted: 27 Jan 2018 06:08 AM PST I haven't found much info out there. Can someone give me an update? [link] [comments]  |
| I cosigned a loan, but payments are not being made. Posted: 27 Jan 2018 08:16 PM PST I cosigned a 10k private loan for a family member about a year and a half ago. The first few small payments ($50 per month) were late until i had to call my family member so that she can pay it. Why should i have to remind someone to stay to on top of their finances? After a few months, the loan was put on deferment for about a year. No payments were required for that time, but then the first monthly payment of about $200 started last September. Family member let it get past due, then i told her to get a hold of the loan company and work something out. She got the loan deferred for another three months. Fast forward to January, 2018. First payment out of deferment is past due, and now the balance that is due is about $400. If i call her up, ima end up saying some mean shit to her because i'm angry, but i haven't, because she just had a kid. I got a hold of her parents and let them know what's going, but they ain't helping. Funny thing is, i'm no longer employed, and i'm a full time student right now. It's not like i have an extra $200 laying around to pay someone else's loans on a monthly basis. I don't want this to put a dent in my credit, but i'm ready to let it simmer until the balance is 59 days past due, since it's not my priority. Supposedly on the 60 day mark, creditors will report late payments to the credit bureaus. I cosigned it, sure, but i also don't want to look weak by start paying off her loan out of my pockets. What are my options? Note to anyone thinking about cosigning, don't. If they don't have good enough credit to get a loan on their own, it's for a reason. I blame public schools for not teaching personal fucking finances to kids. [link] [comments]  |
| Conduent 1098E form link missing from site Posted: 27 Jan 2018 03:50 PM PST Has anyone else followed the email instruction from Conduent to access their 1098E form, only to notice that the "link" they mention does not exist on the left side menu? I can't find the downloadable form anywhere on the site. Not the first issue I've had with the Conduent/ACS site. [link] [comments]  |
| Posted: 27 Jan 2018 01:14 PM PST Hey everyone, I have loans taken out from a few private lenders, and also some government loans as well. With the government loans consolidation is easy enough, there is simply a button to click that consolidated all government student loans. However, how do I go about consolidating loans from private lenders? For instance, if I have one loan taken out from Firstmark and one from Sallie Mae, how do I turn this all into one monthly payment? I'm currently paying about 220 a month on my Sallie Mae account and 86 on Firstmark, this doesn't even include the 200 from government loans. How can I take this 506 dollars from one government lender and 2 private lenders, extend the payment time, and turn it all into one lump sum? Any insight on this is greatly appreciated and I apologize if this question is vague, if more information is needed I will try my best to provide it. [link] [comments]  |
| Posted: 27 Jan 2018 09:07 AM PST So I was accepted into my first choice college and the fafsa application went pretty smooth. I get the offer back from the college and they offer me a couple grants and a subsidized loan but one that sticks out is the "prelim parent fed loan" of $25,000. My parents don't make enough to take a loan out for it so my question is: where do I go from here? My mom is attempting to go through a place called Mohela. I need some advice haha [link] [comments]  |
| Posted: 27 Jan 2018 04:16 AM PST I have credit card debt that I'm paying off first. I'm on an increasing payment plan that raises every year or two or something for for the first year I pay like $34, then the next year $60, then like $100. I owe like $6000 in student loans. I'm not worried about paying them for that long, I'm just worried about any hidden interests. Once I clear off my CC debt it's onto my student loans. Am I safe here? Should I get any accumulated interests back in my tax returns? I don't know how any of this works omg [link] [comments]  |
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