Getting a loan without parents under 18? Student Loans |
- Getting a loan without parents under 18?
- I was told by a debt collection agency that settlements/negotiations aren't allowed on debt that originated at a state school. Is this a lie?
- Could I get a FAFSA dependency waiver based on my circumstances?
- Should I take a higher paying job but give up PSLF? or stay at my lower paying job for another 4+ years and have loans forgiven?
- Has anyone had their Borrower Defense Application approved or denied yet? If so, how long did it take from start to finish?
- Navient problems & credit score question - please advise
- Need advice on ECF that went MIA!!
- Has anyone looked into military service (active or reserve) for student loan assistance? If so, are there any resources that a person could look check out?
- Navient saying student loan interest is ineligible for deduction?
- 35K variable vs fixed
- Worth consolidating with great lakes in my position?
- How to file FAFSA while independent from parents.
- Currently in college, but don't know whether to save the $2000 my mom gave me and continue taking loans, pay off some old loans, or take less loans and factor $2000 into budget
- Which loan to pay off first?
- Journo Request: Looking to interview people whose finaid packages changed from year to year (so you had to borrow more $ for college than anticipated)
- How to find my best option?
| Getting a loan without parents under 18? Posted: 06 Mar 2018 07:20 PM PST I am posting this for my girlfriend. She skipped a grade in elementary school, so she is 16 right now and will turn 17 before she heads to college. Her family is moving to a different state where they want her to go to school, but she would have to pay out of state tuition, and she wants to remain in our current state and pay less and save money. Her parents refuse to co-sign on a loan for her unless she goes to school in the state they are moving to. Is there any way she can get one herself? Thank you all in advance, really stressed here. [link] [comments]  |
| Posted: 06 Mar 2018 05:32 PM PST I defaulted on my student loans and my debt was subsequently sold to a debt collection agency. I was recently told by said agency that negotiating or settling the debt wasn't allowed due to the fact that the loan originated from a state school. My loan originated at Washington State University. Is she lying? They currently hold ~$13,000 of my debt ($9k from tuition and $4k from housing). [link] [comments]  |
| Could I get a FAFSA dependency waiver based on my circumstances? Posted: 06 Mar 2018 03:27 PM PST I'm 22. I have 2 children and live with my fiance. We also own a home together. I have been a stay at home since the beginning of 2017, so technically I did not "support 50% of my dependents expenses" during the past year. My mother also died in 2017. While I occasionally talk to my father, he has not supported me in any way since I was a young child. Could I get a dependency over ride? It seems a bit ridiculous to have to be considered a dependent student, though I do understand why. Also, if I am still considered a "dependent" student how is the income calculated? My dad is on SSDI. My step mother owned a business in 2017 which made over $100,000. She recently had open heart surgery and can no longer work. She has filed for SSDI but is in the waiting period, their only income right now is my dads SSDI. Would I mention that she is no longer working or would they go strictly based on what she made last year? Thanks! [link] [comments]  |
| Posted: 06 Mar 2018 04:44 PM PST I have about 76k in student loans at an average of 6.5% interest. I currently work a job that qualifies me for PSLF. I am due to have about 40k forgiven in 2022 and 27k in 2027. My current job pays 50k. I received a job offer for a new job... they are offering me a base salary of 56k, but I think I can get them up to at least 58k if not 60k. This job includes lots of perks including quarterly bonuses of about 10-15% and a long term incentive program that I could start paying out after 3 years. However, this job would not qualify for PSLF. SO... should I stay with the lower paying job for at least another 4 years, if not more, to take advantage of PSLF? Or take the higher paying job and start throwing more money towards my loans to pay them off? As of now, I've been on income-based repayment and paying the minimum each month. I have no debt besides my student loans right now however, I do need to get a car as mine just died, so I will be taking on a car payment soon as well as higher car insurance payments as I only have liability at the moment. I am also single with no children (except for my dog), so no other big expenses aside from monthly rent as I live alone in an expensive city. I am leaning towards taking the higher paying job and just putting more money towards my loans but would appreciate any insight. Thanks! [link] [comments]  |
| Posted: 06 Mar 2018 08:07 PM PST |
| Navient problems & credit score question - please advise Posted: 06 Mar 2018 12:11 PM PST I hit rock-bottom as a 19 year old in 2008 and against my parents' advice (they also couldn't afford to pay for my school and are smartly opposed to unwise debt) I went to a university a thousand miles from home with no money. I managed to get some athletic and academic scholarships, some grants, but still needed a decent amount of loans for room/board/remaining tuition. I was advised to go with Sallie Mae (now Navient) and they made it very easy to get signed up for school. For whatever reason, in the two loans I got from them, I am the borrower on one and Grandma co-signer, and on the other, I am the co-signer and she is the borrower - we didn't intend for that to be the case. Fast forward- I had an amazing time at college, met my wife, met some of my best friends, and graduated with a Bachelors' and honors. I am doing okay and so is my wife. We are not rolling in money but both have solid jobs and have an optimistic career path for the next decade or so. However, Navient is driving me insane. I have made the payments for both accounts mostly on time and used my forbearance options over the years when I needed them and have been doing so since 2008. Ten years later and I've made next to zero progress due to the ridiculous interest rates. We are dumping almost $700 a month into this and it's hurting my marriage and our dreams. Today I hit a breaking point after spending 40 minutes on the phone with customer service trying to reset my password (to make payments) and they refused since my now-dead Grandma can't speak - but I'm scared to tell them she's dead because of horror stories about Navient screwing the co-signer upon death of the primary borrower. Advice/expertise needed: 1) Do I have a chance to consolidate or refinance my loans with a better company? I just want a reasonable interest rate and not to deal with the crooked company Navient again. My credit is not good (just under 600) and my only derogatory marks on my report are a handful of student loan late payments due to me not being able to keep up with the pace once every few years. My wife's credit is great (high 700's) and all of her federal loans have been paid off for years. She is willing to co-sign to get better control over this debt. 2) The 2nd loan from Navient is in my Grandma's name - but has never shown up on my credit report, good or bad. I just confirmed this again on Credit Karma and the 3 credit bureaus only list me as being responsible for the 1 loan. Navient refuses to give me access to the 2nd (Grandma's) account to make payments now that I'm locked out. I made a payment over the phone to keep the account current just in case, but what are the implications that I just stop paying that loan? Grandma's dead and they claim I don't have permission to access the account, if it's not on my credit report now or for the last 10 years, will it come back at some point after a default? 3) Will there be any consequences for just sending a death certificate to Navient for my Grandma? Or should I just ignore them and move on with the one in my name? TL;DR: Navient is ridiculous and I need help for my particular situation. We are gainfully employed and wife has great credit and we both pay our bills every month. [link] [comments]  |
| Need advice on ECF that went MIA!! Posted: 06 Mar 2018 05:56 PM PST How long should it take for an ECF to be accepted, and Great Lakes loans transferred to FedLoans? My daughter submitted her ECF, but it wasn't accepted because of a discrepancy between "end date" and "current still employed" (she filled in both). So she called, they spoke with her HR department and that was supposed to get the ball rolling. Not sure of the exact dates, but it seems like the phone call was in early January. Should it take this long to have loans transferred? She's only made one payment so far, but trying to stay on top of things. Thanks to everyone for contributing to this subreddit, soooo much great information! [link] [comments]  |
| Posted: 06 Mar 2018 05:43 PM PST |
| Navient saying student loan interest is ineligible for deduction? Posted: 06 Mar 2018 05:08 PM PST I've peen paying since 2007 and made $58k last year. Can you only deduct for 10 years? When I called navient they said to contact a tax professional or the IRS. I'm unsure as to why they're saying it's not deductible [link] [comments]  |
| Posted: 06 Mar 2018 05:21 AM PST Update --- Called Sallie Mae and switched to a fixed rate for 6.25%. Im a happy man ;-0 Hey all, as the title suggests Im deciding between a variable and fixed loan for 35K. Variable (from Sallie Mae) interest rate starting at 3.8% and fixed(from Discover) at 10.9%. Thoughts? [link] [comments]  |
| Worth consolidating with great lakes in my position? Posted: 06 Mar 2018 12:19 PM PST Recently had a child so I'm trying to save every penny possible. I can afford paying approximately $150 more a month towards principle than my current minimum payments of $310 monthly. Here is detail on what I'm paying. I make $65k salary. 795 credit score. Monthly payment $310. Total balance $23719. Loan breakdown: $1629, 6.5%, unsubsidized $2796 3.15% sub $2037 6.5% unsub $3656 3.14% sub $1928 6.5% unsub $3665 3.6% sub $1723 3.6% unsub $1675 4.41% unsub $4607 4.41% unsub All loans fixed interest, Stafford It seems like I'm in a good situation compared to some others, but I'm but a babe when it comes to understanding student loans\ consolidation\ repayment. Should I go through the process of applying for loan consolidation? Should I pay extra towards principal each month? Will that even make a large difference, or is that $150 a month better suited thrown in savings? Thank you [link] [comments]  |
| How to file FAFSA while independent from parents. Posted: 06 Mar 2018 08:10 AM PST I have been told since I was a child that I would have to pay for university myself. I paid for my community college for 2 years, and now am not in school. I do not live with my parents, they are not claiming me for 2017 and I filed as independent. The only thing they pay for in my phone bill. I was going to fill out the FAFSA in hopes of going back to school, and hoping to get aid based on my 2017 income, about 17k, but it still wants my parents info. They will be making too much to get any aid, but definitely do not have enough to help me. What can I do here? I'd like to get back to school, but have no credit so can't get a loan, and no one to cosign for me. Is there a way to get FAFSA to not look at your parents info? I don't see how it is even relevant considering they don't give me money for anything else anyway. The government shouldn't assume your parents will help you with school. [link] [comments]  |
| Posted: 06 Mar 2018 03:24 AM PST My mom surprised me with a $2000 gift in cash. However, since I've been putting myself through college (with the exception of occasional hundred dollar Christmas or birthday money), I've been taking out federal student loans. I don't quite know what to do with this $2000. I have a loan for $3400 that is unsubsidized, $3000 subsidized, $994 unsubsidized, and $666 subsidized. My question is how should I use this $2000? What is my priority? Should it be to pay off these loans right now? Should it be saved to after college, when my payments are no longer deferred? Should I use that money to reduce loan amounts for next year? I'm also working part time for minimum wage. Right now, those wages are going to fund my study abroad. But, once I meet that goal, I'll have an additional ~500 per month, on top of the disbursement from student loans and financial aid (I didn't anticipate getting a job when I took the loans). Should I sit on some percentage of that money so that once I graduate, I have a buffer to throw money at mandatory payments? If so, how much shpuld I save? Or should I just throw Ll my money at loans? So many questions! [link] [comments]  |
| Posted: 06 Mar 2018 07:28 AM PST I have $1,000 to put on a student loan, and I'm not sure if I should apply it to: $3,490 at 11.25% $1,783 at 12.25% or $887 at 9% Thanks! [link] [comments]  |
| Posted: 06 Mar 2018 10:36 AM PST Hi! I'm writing an article for Teen Vogue about changes to annual financial aid packages and I want to talk to recent grads/current students who've been through this and are willing to share their experience. The goal of the article is to help students who are graduating high school this year and/or want to protect themselves from rising college costs going forward. If this is something you feel comfortable sharing, please don't hesitate to reach out via PM or email: devondelfino@gmail.com (I'll need to know basic information like your first/last name and school.) My deadline is EOD Friday, this would be a quick 15- or 20-minute interview (by phone, but if necessary we also could the interview via email). Thanks in advance! [link] [comments]  |
| Posted: 06 Mar 2018 07:56 AM PST I've been paying as much as I can in cash, but I need to get a loan for next year's (2018-19) tuition. It'll come to about $5,600, and goes towards paying the balance of my tuition after Stafford Loans. I currently have a smidgen over 50,000 in loans, and will be graduating in Dec 2019, after 5.5 years of education at a few different schools. My credit score is currently hovering around 630, last I checked, but my debt ratio is ugly as best. My credit score is better than my parents but theirs is increasing. I'm debating between HESSA and Sallie Mae for this last loan which again, will be at most $5,600. I wanted to see if there was a way to "test run" to see whether I'd be better to apply through HESSA or Sallie, and whether I'm better off on my own, or with a parent cosigning. I don't think so, but I just wanted to avoid as many pulls on my credit as I can, the loan amounts hurt enough as is. TIA, any advice is appreciated! [link] [comments]  |
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