Plus loans for sibling in my name! Student Loans |
- Plus loans for sibling in my name!
- FedLoan put me on a Disaster Forbearance that I did not request
- Are loans worth it? (Considering graduate school)
- [advice needed]
- How to get a loan after sudden loss of support from parents.
- Made HUGE payment on Navient site. Money is gone from bank account but payment no longer showing on Navient
- Understanding REPAYE payment cap (or lack thereof)
- Performant Recovery/wage garnishment
- Grace period. Starting grad school 3 months after.
- New in this student loans... Need some advice/help?
- Relatable
- Are there any advocacy groups out there?
- Partial Loan Refinancing
- Need Serious Student Loan Guidance
- I re-applied for IDR but they still want $293 a month from me
| Plus loans for sibling in my name! Posted: 09 Feb 2018 12:57 PM PST I have parent plus loans in my name for a sibling to the tune of 6 figures. I am NOT the parent or guardian of said sibling. I assumed my parent just made me a cosigner but nope, all in my name. Shouldn't this be illegal because the loans say it has to be taken out by a parent or guardian? Shouldn't the school have checked this? What should I do about it? [link] [comments]  |
| FedLoan put me on a Disaster Forbearance that I did not request Posted: 09 Feb 2018 08:41 PM PST The only thing I can think of is that it's maybe because I live in San Diego County? We had a pretty big fire about 15 miles north of me a few months ago that had no effect on me whatsoever. It's a one-month forbearance. I'm on the PAYE plan. Besides a little extra interest, that I'll owe, will this have any effect on my loan? Specifically, will this cause unpaid interest to capitalize? I pay less interest each month than accrues.... Thanks all! [link] [comments]  |
| Are loans worth it? (Considering graduate school) Posted: 09 Feb 2018 10:02 PM PST I know that taking out loans is basically a risk or "investment," and that if you can land a good job after graduation, you can chip away at them and just...live your life. But the idea of missing payments, not getting a good job, the interest rates keeping the debt to pay off increasing all the time...it is terrifying to me. I was admitted to a graduate school program, but even after the scholarships offered by the school, I would probably be over 80k in debt after graduation. I can't even picture that number, honestly. I have a few friends, and my mom, saying I should just go for it, get a career I want, and it will all work out. But if it doesn't...the loans will ruin my life right? I was on studentloans.gov or whatever, and there is a whole part of entrance counselling where they talk about how it destroys your credit, they garnish your wages, and all the while the amount you have to pay back just keeps increasing. It sounds like an uphill battle I would be lucky to ever win (I am 24 now, but I would be 50 or so...maybe...when I finished paying off loans). I would love input from people who took out loans for school, and if it was worth it? (I suppose that answer only comes with what I myself can achieve post-graduation, but I would love to get as much feedback as possible before making a decision). [link] [comments]  |
| Posted: 09 Feb 2018 04:42 PM PST So I am currently in community college but I realize it's not what I want to do.. now I want to become a fireman, most of the classes i have to take to become a fireman are classes by the Red Cross and American heart association. I'm trying to figure out how I can get student loans or any kind of loan because I don't currently have a job and am running out of money quick. I have around 200$ and at the start of next month I have 550$ rent due I need advice please..!! [link] [comments]  |
| How to get a loan after sudden loss of support from parents. Posted: 09 Feb 2018 06:21 PM PST I'm a 23 year old girl, and have been lucky enough to receive parental support throughout my entire undergrad (BS in Business Admin) and a portion of my masters (MBA), but recently I've been put in the position of needing to fund my own education and living expenses later this year. I have absolutely zero experience with student loans, the types of loans, how amounts are determined, what sort of interest rates to look for etc. Any help would be appreciated, thank you. [link] [comments]  |
| Posted: 09 Feb 2018 05:51 PM PST My wife and I payed all 28K of 2 of her 6 loans through Navients online portal on Wednesday. Since that time the payment went into "Processing" on Navient site and was taken from our account at our bank. I logged into Navient tonight and the payment no longer appears at all? I was checking on it all day and it vanished right at the end of the day on Friday so I can't even call and ask what's up. Can anyone here speculate as to what's going on? [link] [comments]  |
| Understanding REPAYE payment cap (or lack thereof) Posted: 09 Feb 2018 08:37 AM PST I don't understand why the REPAYE plan not offering to cap payment at the Standard Repayment matters. I was considering choosing PAYE for this reason, but then it occurred to me that if my income rose high enough to put my 10% payment above the Standard Repayment, I would just switch to Standard Repayment (which still qualifies for PSLF). What am I missing? [link] [comments]  |
| Performant Recovery/wage garnishment Posted: 09 Feb 2018 10:19 AM PST My payroll office notified me earlier that Performant is going to start garnishing my wages on behalf of ECMC to the tune of 15%. While I could just put in some OT each week to offset the garnishment, I would much rather deal with ECMC directly and avoid dealing with Performant since collection agencies are shady as fuck. Anyone know if it's possible to deal with ECMC directly even though they have an agency collecting on their behalf? I would imagine they wouldn't turn down the opportunity to start collecting payments but one never knows. I'm gonna call them tonight after work but any tips would be appreciated. [link] [comments]  |
| Grace period. Starting grad school 3 months after. Posted: 09 Feb 2018 06:45 AM PST I graduated undergrad in Dec. 2017. I will begin law school in June (maybe, summer program) or in August. Grace periods are 6 months. There are 9 months between Dec to Aug. i am wondering how those three months in between work? Will I be charged interest on that period? Does that mean i DONT get a grace period after graduating law school? Will the interest stop accruing once I begin law school? I've been given different information by my university, FAFSA, and nelnet. All my loans are federal subsidized. [link] [comments]  |
| New in this student loans... Need some advice/help? Posted: 09 Feb 2018 10:37 AM PST So, I'm currently applying to a masters program that starts this fall, I already submitted the fafsa and I'm looking into all the financial aid options out there. But I also want to start a quick certificate program next month, and I was thinking of getting a small private loan (maybe sally mae) to pay for that (It's about $2,000). I'm fairly new to the US, I only have one credit card with a small limit, so I can't afford to pay that all at once. Basically, I wanted to know if having a previous loan could affect my chances of getting financial aid for grad school. Anyone been in this situation? Could use some advice. Thanks!! [link] [comments]  |
| Posted: 09 Feb 2018 05:27 AM PST I know this might be an older thread but I just wanted to say I'm going through a similar situation and I understand the frustration you're feeling. My parents took out loans without my consent and ruined my credit. I started college in 2013 and studied for a year and a half before I realized I owed money. Before I could react, I found out the loans were also sent to collections. Atm I owe about 17k and it sucks. On the bright side, next month I make my last payment and I'm out of default! Shortly after, I will have to finance the loans and considering that they messed up my credit, it's going to be hard to get a good interest rate.. I'm not trying to get a cop out or have my loans forgiven entirely. Seriously, I know that is an impossible request.. but deep down I really wish there was a way to pay a somewhat reduced amount on them. Like say if I saved up more than half of the money if they would forgive me for like 4-5 grand. I honestly don't know if that's even an option. Regardless, the situation is messed up because I'd really like to go back to school and get a degree. However, because of the debt and my credit score, I have no option but to work. Thanks for looking out for me Mom and Dad. Hopefully you have figured out a course of action though. I wish you the best and hope that you get through it. [link] [comments]  |
| Are there any advocacy groups out there? Posted: 09 Feb 2018 08:45 AM PST All these GD rules and loan types that may or may not be forgiven. Apparently I made the wrong type of payments with Mohela. Now I have to start over under direct loan. The joke is with what they accepted to be forgiven I'll be paid off making 122 payments. Apparently I can only make payments on the chunk up for forgiveness. I'm thinking I can do the $5000 knock off and I think of switching to math to get the $17500. I want to make sure this stuff if locked down because on the PLSF form it mentions nothing in the rules about the type of payments made. [link] [comments]  |
| Posted: 09 Feb 2018 08:13 AM PST Has anyone ever tried to refinance only a portion of your student loans? For example, I pay my loans through Great Lakes. My loan package is comprised of 7 different loans I accumulated throughout my college career. My monthly payment is spread over these loans by Great Lakes. Of those 7 loans, 4 have interest rates of 6.8%, the other 3 have rates of 4.5, 3.86, and 3.4%. About 65% of my total loan balance is made up of these 6.8% loans. A little over a year ago I shopped around for refinancing but found that rates offered to me were almost no better than the composite average of the rates I was paying already so I quit looking. I believe I would now qualify for some better rates, however I don't want to go through the hassle of unfreezing my credit (thanks, Equifax.) to get a quote that isn't worth my time. So my question is this, would a lender like SoFi care or would my current loan servicer Great Lakes care if I applied to refinance only the amount that is wrapped up in 6.8% rates? Are there any financial intricacies I am overlooking in this approach? Thanks for any insight. [link] [comments]  |
| Need Serious Student Loan Guidance Posted: 09 Feb 2018 06:06 AM PST So I am 25 years old, just landed my first real job with a corporate company after 2-3 years of on and off work with startups. Have medical, dental, 401K, all that Jazz. Making mid 50s to start before taxes (which are a killer in NY) I am around $140,000 in student loan debt. I have good amount of cash (almost $40,000) and now I have money coming in. Last year FAFSA gave me one year to basically figure my shit out. I really want to either move out or start seriously saving for a house (I'm single guy in NYC Borough). This student loan problem just hovers over me. I would be out already, but I hate the idea of paying someone else's mortgage (rent vs own is a diff convo) I have 13 different loans with different interests rates. what should I do? Is SoFi a legit option? Are there SoFi competitors? Should I stick with the government program? I'm in need of some serious advice, not getting much from my parents. Thanks!! [link] [comments]  |
| I re-applied for IDR but they still want $293 a month from me Posted: 09 Feb 2018 05:06 AM PST Got approved for IDR. The calculator said "you're approved for a $0 a month payment" but I get a message saying "payments of $293 a month will resume in 2 months." That is about 20% of my income or so, which would be devastating to my finances. I'm wondering what's going on, did something about IDR change? I was on $0 payment for a year and I'm not making that much more money than I was. My servicer is Great Lakes if that matters. [link] [comments]  |
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