defaulted student loans, didn’t graduate high school Student Loans |
- defaulted student loans, didn’t graduate high school
- Defaulted loan
- Paying for masters: take out student loan or pay cash (and most of savings)
- My applications to refinance my loans keep getting denied- what are my other options?
- Question about Pell Grant specifics
- Strategy to Pay Back Loans
- Question about REPAYE interest subsidy /w avalanche method
- Student debt
- Wage garnish on student loans - received my warning letter today after garnish started.
- Thinking about taking out student loans
- Help! MyFedLoan Denied Teacher Loan Forgiveness! Worked 4 years at qualifying school and then completed 1 year of post-secondary education towards job!
- Bank Loan for Living Expenses?
- PSLF ECF - Employer Address?
- quick refinancing question
- On REPAYE shooting for PSLF and just got a new, higher paying public interest job. Update my info now or wait?
- Canadian/US permanent pursuing masters in UK
- Beating the system
| defaulted student loans, didn’t graduate high school Posted: 28 Mar 2018 11:43 AM PDT Hi all, I stupidly defaulted on my student loans due to being in a deep depression. I have never paid on my loans, I was always in forbearance. I am trying to go back to school in the fall but have ran into some issues. One, is the student loan default. I've read a lot of info here and other places online, and it's a lot to take in. From what I can gather, if I do loan rehabilitation I'd have to make 9 payments before I can become eligible for FA again, but if I do loan consolidation, it would be 3 payments until FA could be reinstated. Can someone confirm this, or does this depend on my loan servicer? Two, apparently I never graduated high school. The college I plan to attend is the one who informed me that my high school claims I am not a graduate. I contacted my high school, and they confirmed that my transcripts are incomplete, and I am not considered a graduate (I am waiting for my official transcripts to be mailed just to be sure though). This confuses me, as I have a physical diploma (it was mailed to me, I didn't walk in graduation). I "graduated" high school in 2005, and went to 2 different colleges (no degrees obtained), and never had a problem. I know this might sound a bit unsavory, but is there a way I'd be able to get out of my student loan debt since I technically never finished high school? Thanks for any advice/input! [link] [comments]  |
| Posted: 29 Mar 2018 01:16 AM PDT My husband had a student loan that he started rehabbing about 6 months ago. Our tax refund was offset to the department of education so he now owes them about $50, that is still in default. We're wanting to pay what he owes so he can be immediately eligible for aid again, but we differ on how we think that works. He said he thinks he still owes the collection agency nearly $1k, in addition to the $50 he owes for the remainder of the loan. Who and what are we supposed to pay to get him out of default? Our primary goal is to get him back in school. We can worry about what he may or may not owe a collection agency later. [link] [comments]  |
| Paying for masters: take out student loan or pay cash (and most of savings) Posted: 28 Mar 2018 03:03 PM PDT I will start a computer science masters program next fall. In total the tuition and fees would be $54,000 for the two year program. I have approximately that amount in savings. I am 25 years old and I don't have any debt currently and I have a credit score of 800. Would it be wise to use up most of my savings to pay for school? Also, would it be a good idea to contribute the $5,500/yr max to my roth IRA while I'm in school, or should I put this towards my tuition? [link] [comments]  |
| My applications to refinance my loans keep getting denied- what are my other options? Posted: 28 Mar 2018 11:12 AM PDT I have about $50000 in student loans through sallie Mae. My dad co-signed on all of the loans when I took them out, he has excellent credit. Mine is in the high 600s. I have applied through three different banks (sofi, lendkey, citizens bank) to refinance all of the loans and my dad applied as a co-signer on each application. All three of them have gotten denied, the reason being too many outstanding loans under both my dad and my name. What are my other options? I am currently on a graduate repayment plan with sallie Mae and my payment will double in November once I'm off the plan, which I cannot afford. I was hoping to consolidate/refinance them so I can get a lower payment that what I will have to pay in a few months. I honestly don't know what else to do if these applications are getting denied even with a co-signer. [link] [comments]  |
| Question about Pell Grant specifics Posted: 28 Mar 2018 07:36 PM PDT I'm a native of a particular state, moved to another state for a couple years, but moving back to original state. I have strong ties to original state, and won't have too much of an issue proving residence of original state. But if I need to, I can still prove out-of-state easily as well. I'm in an inbetween phase where I can prove either state residency. I was wondering, in terms of financial aid, particularly the pell grant, which would be more beneficial? Thanks in advance! [link] [comments]  |
| Posted: 28 Mar 2018 11:14 PM PDT Hello everyone, I have been lurking in this sub for the past few months and have learned a lot. However, I am want some input on my options for repayment. I graduate in May with ~$90,000 in loans, I have 8 loans total. All federal with 2 of the loans being graduate, naturally the two graduate loans are the highest (~$23,000 each at 7-8%). However, my average interest rate is 4.7%. All of my loans are through Nelnet. Upon graduation, my income will be $120,000. I have done the repayment calculator on studentloans.gov and am currently considering two options. Regardless of my decision, I will be paying more than the minimum and using the avalanche method to pay down the highest interest rates first. The first option is the standard 120 month plan; my minimum payment each month will be $980. The second is the extended repayment plan of 300 months; my minimum payment each month will be $550. I am unsure of how much my actual payments each month will be, however, I am thinking conservatively and picturing somewhere around $1,400. My thought is that choosing the 300 month plan is more beneficial as I will be able to allocate more money toward a targeted loan (highest interest rate), thus saving on interest and having more control over how I pay the loans back. Does this make sense? Also, I have not considered refinancing at this time due to my average interest rate being relatively low. My credit score is >740 with 1 credit card and a car loan, so it is steadily rising. Should I be looking into refinancing? TLDR: $90,000 in loans, income of $120,000 after graduation. Should I choose the 300 month plan ($550/month) over 120 month plan ($980/month) to have more control over where my payments are allocated as I will be paying more than the minimum regardless. [link] [comments]  |
| Question about REPAYE interest subsidy /w avalanche method Posted: 28 Mar 2018 06:57 PM PDT Hi all, I am currently on IBR with 300k in debt. My plan is to pay the minimum, and then use all my extra money to pay down the loan with the highest interest. I was thinking if I could do the same thing under REPAYE. Pay the minimum and then use my extra money to pay off my loans. Would I still get the interest subsidy? Also, will I be able to put the extra money towards only one loan, or do I have to pay off the outstanding interest on all my loans first? Also I plan on refinancing a portion of my loans with a private company. I don't feel comfortable doing all 300k at once. Thanks! [link] [comments]  |
| Posted: 28 Mar 2018 04:42 PM PDT does anyone have advice on how to go through the whole 'debt forgiveness' or did that go away? also looking for advice on how to get rid of said debt if there is no 'DF' that i can apply for, everything i find online seems to just lead me in circles!! I've been neglecting them for far too long Side note; does anyone know if they (fed/state) would keep ALL of my tax refunds?? I haven't seen any actual refund of return of my filed taxes for close to 7 years of filing each year... plz help, TIA [link] [comments]  |
| Wage garnish on student loans - received my warning letter today after garnish started. Posted: 28 Mar 2018 04:16 PM PDT I received a letter on 3/16 stating my garnishment was initiated 3/15. Today I received a letter dated January 29 which is my initial warning of pending garnishment. Clearly had I known this was pending this would have been resolved prior to a garnish. There's no posted postage stamp to verify that I received this letter when I did. I've already taken the steps to rehabilitate my loans with the garnishment set for 5 months, signed the paper work, etc. Is there any way to adjust this in my favor considering the letter was sent so late? Thank you. [link] [comments]  |
| Thinking about taking out student loans Posted: 28 Mar 2018 07:55 PM PDT 24M in a masters program. Have taken 1 course (free due to working at uni) and have to take 9 more classes. So far, have saved app. $11,000. The total comes to app. $42,000 over 3 semesters. I'm looking into my local federal credit union rates and federal loans. FCU rates are between 4.5% and 8% APR. Base rate is 4% and 0.5% if credit score better than 680, 1.5% if between 630-680 etc. My credit score is around 740 but has gone down to 680 being around the lowest. If federal loan, I will have to take an unsubsidized loan at 6% interest. I believe that's only up to $20,000 for a year unless I'm mistaken and then whatever is left with a PLUS loan. I may have my facts wrong here with the fed loans. What should I do? [link] [comments]  |
| Posted: 28 Mar 2018 02:44 AM PDT Very frustrated. Worked 4 years at qualifying school. Then completed one year of full-time college graduate education towards masters in secondary education. All consecutive years. Reading studentaid.gov, it looked like I was eligible. However, note this part in my denial for TLF: "If you were unable to complete an academic year of teaching, that year may still be counted toward the required five consecutive, complete academic years if: ● You completed at least one-half of the academic year; and ● Your employer considers you to have fulfilled your contract requirements for the academic year for the purposes of salary increases, tenure, and retirement; and ● You were unable to complete the academic year because:
So bogus. They don't specify the multiple AND's on the .gov website. So am I really not eligible or do I need to reapply? Thanks! [link] [comments]  |
| Bank Loan for Living Expenses? Posted: 28 Mar 2018 02:39 PM PDT Going to a private grad school to become a specialty nurse practitioner. Average yearly net income of specialty NPs is $100k/yr in my area, or ~$8,000/mo. The program's tuition is $100k, and I plan to take out a total of $127k in federal student loans between Direct Unsubsidized and Grad PLUS, so I'll end up with an extra ~$27k to use toward living expenses. After calculating my living expenses for two years, I figure that I need about an extra $40k from another source to live comfortably. I know I can always reduce living expenses to some extent, but I'd really prefer to make another loan for approx $40k to cover everything. Looking at personal bank loans to supplement this cost. In anyone's experience, given my situation, will banks/loan institutions be willing to loan me this additional $40k that I'm asking for? If so, what rates/repayment periods do you expect? I have no prior debts, and my credit score is >800. Planning to head into the bank tomorrow to ask these same questions, but I was curious if anyone else encountered the same situation. Any discourse is welcome! [link] [comments]  |
| Posted: 28 Mar 2018 01:06 PM PDT So 3.3 - Employer Address, is that talking about the address of the place I physically work at or the employer address that's listed on my W-2? Tried searching so sorry if this is well-known. [link] [comments]  |
| Posted: 28 Mar 2018 09:19 AM PDT Does anyone know if you can refinance individual Sallie Mae loans or if you have to do them together. I'm Currently not able to refinance the entire $77,000 without a co-signer. [link] [comments]  |
| Posted: 28 Mar 2018 09:11 AM PDT Wondering if I should voluntarily update my income info now, which would increase my REPAYE payment, or if I should wait until prompted in the fall, to save a bit more. I plan on submitting a new ECF so my qualifying payments keep tracking but my new employer is clearly public interest (government). [link] [comments]  |
| Canadian/US permanent pursuing masters in UK Posted: 28 Mar 2018 12:21 AM PDT I recently received admission to LSE - trying to figure out the next steps of applying for a loan. Not sure where to start: should I apply in canada or US? If so, what organizations are best etc. Any and all advice is welcome. Thanks! [link] [comments]  |
| Posted: 27 Mar 2018 05:41 PM PDT If my little sis fills out her fafsa, do I get more/better aid? She's taking one class through the local community college while still in high school. Also, is that legal? [link] [comments]  |
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