Have $200k in law school loans. Has anyone ever heard of these being discharged due to the inability to practice law. (I was denied a license by the state for character reasons) Student Loans |
- Have $200k in law school loans. Has anyone ever heard of these being discharged due to the inability to practice law. (I was denied a license by the state for character reasons)
- Successful refinance!
- Rules around how student loan companies can apply principal payments across consolidated loan balances?
- International Student Loans
- IDR application questions
- Do uncertified student loans still exist?
- Help finding a loan
- Navient Put Me On Forbearance - Curious on How to Proceed
- Student Loan Collector asking for my 1040 and won’t tell me why! (Loan Rehabilitation)
- repayment starting soon... where to begin?
- Citizens Bank took all my money without any notification. Advice needed.
- Navient Doing some funny things on its website
| Posted: 05 Feb 2018 05:08 AM PST |
| Posted: 05 Feb 2018 01:41 PM PST I've been struggling to make my Sallie Mae student loan payments which were almost $700 for a few months now and had run out of deferrals. Refinancing is really overwhelming with so many options. My dad sent me a link to credible.com and they gave me tons of quotes. I ended up going with college ave student loans and they got my payments down to $200 for the first two years of the loan, and $400 after that. Very glad to be rid of Sallie Mae and have a loan with a reasonable rate and payment :) [link] [comments]  |
| Posted: 05 Feb 2018 10:14 PM PST I noticed my loan servicer (Mohela) is disproportionately applying the principal portion of my regular payments to the lowest interest loan (to their benefit). I haven't been able to find anything about this online re legality. To clarify my question is not about whether I can target a particular loan for additional payments (above the minimum) - I know (in my case at least) I can. For context: I have about 100k in consolidated student loans from grad school. The interest rates vary from 3.3%-7.55%. When I look at the breakdown of my payments, I see that the principal portion of my payment is applied counter-intuitively, from the consumer POV. For my cheapest interest loan (3.4%), I pay $45.48 a month - $23.56 goes to interest, and $21.92 to the principal. That is an interest-to-principal ratio of 51.80%. For my most expensive loan (7.55%), I pay $110.54 a month - $89.06 is interest and $21.48 is applied to principal for an interest-to-principal ratio of 80.57%. Not only would it make more sense for me for more of the $21.92 (currently paying down the 3.4% principal) to go to the 7.55 loan's principal, but the 7.55% loan is a larger loan balance, so on both accounts I expect that (combined) $43.40 in principal payments to be applied differently. I have 16 loans total in this consolidation, so this discrepancy adds up. I'll update here when I hear back from Mohela. Thank you! [link] [comments]  |
| Posted: 05 Feb 2018 08:45 PM PST The only options I have right now are Citizens Bank and Discover. Would it be worth it? Any advice on taking loans? Edit: I need about $30000/year [link] [comments]  |
| Posted: 05 Feb 2018 06:13 PM PST I'll be graduating in May. I have some undergrad as well as graduate loans. I have a few question I was hoping I could get answers to: 1: Will repayment start 6 months after graduation? Meaning around November? If so, can I wave this deferment period? I am planing to go after PSLF and if possible would like to start my 120 payments ASAP. 2: I understand the income certification to qualify for PAYE is good for 12 months. When will this 12 months start? As soon as I apply and am approved even though I am not into repayment? Or will the 12 months start counting once my first payment is due after the deferment period ends? 3: I filed my taxes as MFS so that my wife's income is not considered. I am planing to go for PAYE. Will I still need to provide my wife's taxes? Any difference in applying online vs paper? [link] [comments]  |
| Do uncertified student loans still exist? Posted: 05 Feb 2018 08:54 AM PST These are loans that go directly to the student rather than through the school. I'm a guest student at one school while attending another. My home institution is disorganized and told me belately that they had no consortium with the other school. Thus, no student loan (unless I want to borrow a lot less than I need) and I'm looking into a payment plan as a temporary measure. I don't want to get a personal loan if I can avoid it because of all the fees and worse interest rates (I'd literally have borrow thousands extra in order to make the payments!) [link] [comments]  |
| Posted: 05 Feb 2018 10:51 AM PST Hi all! Does anyone have any good ideas for a place to get a student loan with low interest OR any loan forgiveness/repayment incentives like IHS (which is amazing but there are none in my area) or the (medical) equivalent to City Year/Americorps? I am someone with a bachelor's degree going back to school for one year to get my bachelor's in nursing. It'll be about $50k and it's hard to find someone willing to give that much in one year. I have good credit and so do my parents. Thanks!! [link] [comments]  |
| Navient Put Me On Forbearance - Curious on How to Proceed Posted: 05 Feb 2018 02:27 PM PST So I changed my payment method from one account auto-drawn each and every month, to another. Navient in the interim of this situation put me into forbearance (without my notification) - do I have any legal standing? They are now racking up significant interest and addressing my payments to only interest instead of principal. [link] [comments]  |
| Student Loan Collector asking for my 1040 and won’t tell me why! (Loan Rehabilitation) Posted: 05 Feb 2018 10:14 AM PST Hi everyone, my sincerest apologies if I didn't post in the right section or something. This is my first post on reddit. I never did my due diligence on student loan repayment and my federal student loans were sold off to Alltran (Collection Agency). In other words I defaulted. The total amount I owe is $35,000. Alltran added their collection fees so now it is upwards of $43k. I don't have the money to settle otherwise I definitely would. The option I chose to go with is Loan Rehabilitation. While I researched this option and am happy moving forward with it, I'm confused as to why the collector wants my 1040 signed and dated today anywhere on the form. I understand that my adjusted gross income is listed there, but they wouldn't elaborate on why they needed it. I'm assuming it's to calculate the monthly payments but they would not confirm that's what it was for. I tried looking this up online and the website they forwarded me too (myeddebt.ed.gov) but nothing there stated anything about signing and sending in my 1040. Did any of you guys have a similar experience. Did any of you have to send this info in? What are your thoughts on this? Thanks! [link] [comments]  |
| repayment starting soon... where to begin? Posted: 05 Feb 2018 08:38 AM PST Hi all! So I've been reading through posts for the last few days, looking for advice, but I'm still a little lost. I graduated this past December and have around 5 months left before my loans kick in. I have NO IDEA where to begin, and I'd like to start off in the right place. I have two part time jobs right now. One is more active in the spring/summer, so I've only made a few hundred dollars the last few months. The other is an adjunct teaching position, where I'll make a total of 2500 for this semester. I have four years worth of loans, two of those being grad school totalling 63400. I'm still living at home, which helps immensely with expenses, and am looking for a car with a lower monthly payment (love my Jeep but man, was that a dumb, expensive mistake). My biggest expense at this point is probably gas (which should also go down with the new car, ugh). Here's the breakdown of what I currently owe, interest/balance and all that. Hopefully this link works, not used to posting images: https://imgur.com/a/VNXYV There's so much good advice on here, but it's almost too much to handle, and I have no idea what I should be applying for/paying off NOW, and what my options are. Anybody have a gameplan for me?? Edit: field is environmental biology. Second edit: sorry, I maybe should have been more specific in the original post. I'm wondering if there is a specific repayment plan that fits my situation? if I should be applying for that now or if that will affect anything negatively? Would refinancing/consolidating help at all this early on? Appreciate the help! [link] [comments]  |
| Citizens Bank took all my money without any notification. Advice needed. Posted: 05 Feb 2018 08:32 AM PST I wake up Saturday morning and check my accounts with Citizens Bank, which is a daily ritual I have. I login to find that my checking and savings account have been completed wiped clean the day prior aside from $45 left in my checking (nearly $15,000 total). Panic setting in, I rush to my local branch fearing that my accounts have been hacked. I get there and speak to a customer service representative. The rep informs me that Citizens Bank themselves withdrew this money from my account. While still shocked, I just assumed this is some technical glitch and that it will be fixed. The rep makes a call and finds out that these withdraws are not a glitch, but rather a payment towards three student loans I have with Citizens Bank. I take the phone and speak to the representative in the recovery department. She informs me that they are allowed to do as I have had three late payments over the course of the 4 years that I have been paying them. I ask why they didn't notify me that they were going to do this. She tells me they are not required to notify. I ask to speak to a manager, and naturally, none are around to speak to me. I believe they intentionally did this on the weekend to make it more difficult for me to communicate with them. These are loans I've had since 2011 or so, and were written off by Citizens Bank in 2014. While they were written off, I understand that they still need to be paid back, so I have been paying small good faith amounts towards them monthly for years while I worked on paying down my Federal student loans. I am certainly no deadbeat who is months behind on payments. I just don't understand how they are allowed to this without warning or notification. I feel as though the wool has been pulled over my eyes and I have been robbed blind. They completely drained my accounts. Also, I have had my Citizens Bank accounts for over 10 years. This is how they treat loyal customers? If it weren't for my family and girlfriend, I would be left destitute. Not to mention, I have other bills to pay. This has completely upended my life. Has anyone experienced anything like this? Advice? I have already opened a new account with a different bank. Thanks for reading. [link] [comments]  |
| Navient Doing some funny things on its website Posted: 05 Feb 2018 08:27 AM PST Current Situation: Just under 27k In student loans (yay I guess). 23.5K in Navient Loans. I'm on the graduated repayment plan which has my current (lowest tier) payments at 184 bucks per month. I usually try to overpay by ~300 dollars a month to my highest interest/ lowest dolar loan (unsubsidized loan) ...sometimes more...Hence i'm paying close to 500 bucks a month or so. I log into navient the other day and see my standard graduated payment went up from 184 to ~190. Wondering what was up (and also the fact that I wanted to make a payment...I called navient up. The CSR was nice and polite, but I don't think he understood the situation or was able to help me correctly. He stated that because I was making so many overpayments, it skipped a month and I wouldn't be due for a march payment , and would instead be due for an april payment of 190...(slimy way to keep you paying interest imo) I'm not fully sure if he is correct, but if he is, I am disappointed...off putting way to handle my loans and to keep you paying them more interest... [link] [comments]  |
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