I paid $19K off this year! $9,500 left to go. Planning to be paid off by October 2018 at the latest. It's possible! Student Loans |
- I paid $19K off this year! $9,500 left to go. Planning to be paid off by October 2018 at the latest. It's possible!
- When PAYE payment amount is $0, what constitutes a payment for PSLF?
- Student loans suck.
- Do I need to make minimum payments on every loan?
- My college closed a week after I graduated, can I get my private loans wiped out or reduced?
- Using Tax Refund to pay down interest
- 80k in undergrad debt, interested in going to grad school probably another 90-100k is it better for me to pay the 80k first before going to grad school?
- Any ideas on making extra money?
- ADVICE/QUESTION ECMC Defaulted loans that ECMC say's they don't have anymore but... TYIA
- About to graduate with about $40k in debt and feeling hopeless
- What are the chances of getting multiple delinquencies removed if I can pay off the remaining balance in full?
- Starting rehab. Any concerns to be aware of?
- Stock Capital Gains
- On IBR, but 2017 taxes not currently accurate. Can I use paystub instead of taxes?
- How does paying for college with loans work? I’m trying to figure it out. Can someone’s explain the process of applying and paying.
Posted: 04 Mar 2018 02:10 PM PST I graduated with $37K in debt in 2015. I had another loan of $5K, and another of $2K ($44K total in June 2015). I paid off the $5K with savings in 2015, and the $2K in February 2016, and made little progress with the student loan before 2017. Since then, I moved into a bachelor on the transit line, sold my car, invested some savings, and saved generally. Between Jan 2017-now, I paid $19,500K, and have $9,500 left to go. I did a humanities degree (PhD), and got f/t work at a community college upon graduation. I live on a very frugal budget right now, but I see the light at the end of the tunnel, and love my work, so life is good. [link] [comments] |
When PAYE payment amount is $0, what constitutes a payment for PSLF? Posted: 05 Mar 2018 01:50 AM PST If an income based payment is $0, is there any official action required to "make" the payment count towards PSLF? Does simply not paying each month count as a qualifying PSLF payment? (All other PSLF requirements being met of course) [link] [comments] |
Posted: 05 Mar 2018 12:56 AM PST Keep getting calls about federal loans that are overdue so I tell them I'm not making enough to pay emblem right now. They say no problem we will send you forbearance papers. So I wait and no papers come. Few months later get another call saying over 100 days no payment, so what do I do as I never got the papers in the mail? [link] [comments] |
Do I need to make minimum payments on every loan? Posted: 04 Mar 2018 08:39 PM PST Hi /r/StudentLoans, I was wondering if I needed to make minimum payments on every loan or if I could put all of my money each month towards one higher interest loan? For example: All of my loans are stafford loans. Each loan was distributed on a different date with a different interest. If I were to only pay towards the 4.66% loans each month would that be okay or would I be penalized for not contributing towards my 3.76% loans? Thank you in advance :) [link] [comments] |
My college closed a week after I graduated, can I get my private loans wiped out or reduced? Posted: 04 Mar 2018 09:40 PM PST I finished my masters at dowling college and a week later they went out of business. Is there a way to reduce of wipe out my private student loans through sally mae / navient? The balance is $50,000. I hate making this payment because the degree I got isn't worth as much as if the school didn't close. Any advice would be appreciated! [link] [comments] |
Using Tax Refund to pay down interest Posted: 04 Mar 2018 08:47 AM PST In the next few weeks, I should be able to get my tax return and after using it to pay some state taxes I owe, I am going to use most of the return to pay down my student loans. How much interest can one pay down when paying extra on top of the minimum payment? [link] [comments] |
Posted: 04 Mar 2018 04:41 PM PST |
Any ideas on making extra money? Posted: 04 Mar 2018 08:21 PM PST I've had part time jobs in addition to my full time job but since I move around a lot part-time jobs aren't long-term enough. Anyone have any success in finding ways to make a decent amount of extra money? I'm so tired of reading sites that suggest taking surveys! [link] [comments] |
ADVICE/QUESTION ECMC Defaulted loans that ECMC say's they don't have anymore but... TYIA Posted: 04 Mar 2018 07:26 PM PST 1) ECMC Loans show on ECMC site 2) Loans show on studentloans.gov as being with ECMC I am working with Navient to do IBR and that is working swell! (no really it is all electronically filed and accepted and accepted) ... and ECMC to do IBR.. which is not going so well.... I sent it in via Fax to which I got a response that ECMC doesn't have my loans now. I am in Default currently with ECMC as I have been fighting to get an IBR with them (via Mail/fax as they don't do electronic) .. but now I a being told that They don't have my loans .. and when I look at my CreditKarma it says they are in collections but doesn't say with whom... So my questions is What can I do .. they are claiming not to have the loans but in the same day are claiming to have them... I will be calling them tomorrow to discuss this but would like to be prepared on more of what to ask. To show what I am confused about... -- told to me as this :
Only moments after that letter via email is sent, was a email this:
Loan type Subsidized Principal $1,581.56 Accrued interest $365.42 Cost $470.24 Fees $0.00 Total owed $2,417.22 Interest rate type Fixed Current interest rate 6.80% Daily interest $0.29 Loan status Defaulted, Unresolved Current contact ECMC - CALIFORNIA PO BOX 419045, RANCHO CORDOVA, CA 95741-9045 Phone: 877-233-3863 Current guarantor ECMC PO BOX 419040, RANCHO CORDOVA, CA 95741-9040 Phone: 866-945-6533 Loan type Unsubsidized Principal $1,402.93 Accrued interest $324.12 Cost $417.12 Fees $0.00 Total owed $2,144.17 Interest rate type Fixed Current interest rate 6.80% Daily interest $0.26 Loan status Defaulted, Unresolved Current contact ECMC - CALIFORNIA PO BOX 419045, RANCHO CORDOVA, CA 95741-9045 Phone: 877-233-3863 Current guarantor ECMC PO BOX 419040, RANCHO CORDOVA, CA 95741-9040 Phone: 866-945-6533 [link] [comments] |
About to graduate with about $40k in debt and feeling hopeless Posted: 04 Mar 2018 07:15 PM PST $16k private and the rest is federal. I want to pay off all of it as soon as possible, I don't want a payment plan to keep me hooked forever. The only way I can look at it and not cringe is by looking at it as two smaller loans instead of one big one. My major is political science, I want to work for the government but like I said I don't want to wait 10 years for it to be forgiven with minimum payments. I want to be debt free so bad. Is throwing every dime I get above my cost of living feasible? Do people really do that? I can't sell my car, I only have about 2.4k saved, and my current job wouldn't ever pay me more than probably $25k a year. Makes me lean towards having a mental breakdown. Help. [link] [comments] |
Posted: 04 Mar 2018 07:05 PM PST I had a situation where my father was paying my student loan as I got my feet on the ground with a stable full-time job. Unfortunately and embarrassingly throughout this time he's been delinquent ~20x in the 3 year life of the loan. Fortunately I've been able to land a job and have saved some extra cash to pay the remaining $20K/$27K full and outright. Have there ever been cases like this where a phone call to the lender could alleviate such delinquencies if I explain my situation and with cash in hand? [link] [comments] |
Starting rehab. Any concerns to be aware of? Posted: 04 Mar 2018 04:15 PM PST Finally decided to get my act together with regards to my credit. My main negative is a defaulted student loan. I've been accepted into the rehabilitation program with FH Cann and they'rer wanting debit card or bank account info. I'd prefer to set payments up myself through my bank, but the rep balked at that idea. Is this something I should worry about, or just go ahead an give in? I fully expect to make the payments. Just feel a little sketchy giving a creditor access to y bank account. TIA! [link] [comments] |
Posted: 04 Mar 2018 01:54 PM PST I'm on REPAYE, 5 years into PSLF, married, ~130k of debt, and have an AGI ~130k. When I got married, my wife held 80k of highly appreciated stocks(almost no cost basis). I was thinking of buying a place to buy or possibly any other number of things I can do with it, but I'm worried it'll skyrocket my monthly payment amount to something unsustainable. I've been transferring some of the stocks to Fidelity charitable to donate some of it without raising my AGI, but that'll only go so far. Anyone else face a similar situation? I'd like to do something else with it instead of waiting for 5 years for PSLF to take effect before I start using it. [link] [comments] |
On IBR, but 2017 taxes not currently accurate. Can I use paystub instead of taxes? Posted: 04 Mar 2018 10:49 AM PST Here is my situation. I owe about $77,000 in loans and I'm a teacher, so I'm on IBR for my PSLF. I will resubmit in a few months but looking at their calculator my payment is going to go up A LOT. I got married in 2017, and last year my husband was making some money. However, currently he is a grad student and doesn't make any money. There is no way I will be able to pay the $600/month bill (currently paying $465). Does anyone know if I can use our paystubs rather than 2017 income tax when resubmitting? Or, do I have to resubmit with my taxes, and then go in and do another form to have them revisit it using my paystubs? [link] [comments] |
Posted: 04 Mar 2018 06:35 AM PST So I'm going to RIT this year. It costs ~$60,000 a year. I got ~$40,000 of aid and merit! and ~$10,000 of federal loans. So I'll need another $10,000 in private loans. How does paying for college work? I'm confused and having trouble understanding. [link] [comments] |
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