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    Is it possible to settle my student loan debts for less than the total balance with a lump sump payment? Student Loans

    Is it possible to settle my student loan debts for less than the total balance with a lump sump payment? Student Loans


    Is it possible to settle my student loan debts for less than the total balance with a lump sump payment?

    Posted: 30 Mar 2018 09:03 PM PDT

    Title.

    Lump sump.

    submitted by /u/crshirley58
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    Applying for co-signer release (Navient). They want to know my “other monthly payments.” How detailed does this need to be?

    Posted: 30 Mar 2018 11:42 AM PDT

    There's a line for monthly housing payment, monthly car payment, and monthly student loan payment. Then after that there's a line that says "other monthly payment(s):"

    Do they need to know I pay $10.99 for Netflix every month orrrr what? Also, my dad has one Parents Plus Loan obviously in his name that I pay for. Should this be under student loan payments or other?

    Sorry if this is a silly question. I just don't want to be denied for a simple mistake.

    Thank you.

    submitted by /u/squishypants4
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    Student debt vs School reputation/ranking

    Posted: 30 Mar 2018 03:15 PM PDT

    So I'm currently in a dilemma between two schools. A little background info, I'm from a low-income family (parents both retired) and my EFC is $0. I do have big goals in life and so my undergrad degree is extremely important to me. Currently I've been accepted to school A which is an in-state school which will cost me $17k per year; and school B which is an out-of-state public school that will cost me $33k per year and then more my junior and senior year (change of campus results in a higher cost). School B's ranking in my field of study (aerospace engineering) is very high not only on a national, but even on the world level (Listed in ARWU rankings). I'm in love with school B but I'm afraid of the cost. School A's ranking is worse, smaller alumni base and overall less known, but the price is lower. So I'm in a dilemma, while I love school B and everything that has to do with it, is it worth the debt ($40-$70k after graduating)? I feel that if I turn down school B I'll regret that decision my whole life... Any tips? Thanks!

    submitted by /u/croutontwan
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    Does anyone have an estimate on cost for hiring student loan lawyer?

    Posted: 30 Mar 2018 06:53 AM PDT

    Which private company do you recommend for undergraduate student loans?

    Posted: 30 Mar 2018 12:30 PM PDT

    Gigantic Loan...Amidst a career change..Need advice

    Posted: 30 Mar 2018 06:18 AM PDT

    So over 5 years in school i accumulated a ridiculous 65k in student loans. I'm now late 20's and making 55k a year. The degree I went for was going to be a stepping stone to grad school, but i decided it wasn't worth more debt plus 5-7 years of living in relative poverty.

    Short story long--im changing careers, going into a STEM field. I figure that the quickest way to pay off my debts is both to make more money and be happier with what i'm doing.

    Question--wouldn't it be obvious that I should just pay the minimum every month and save up the 65k over several years on my own, that way I just pay a flat payoff amount and minimize the interest? With interest over 30 years or so I believe the total amount paid off was 120k or something insane like that...and all with monthly payments of $600 mind you--pretty crippling. I'm with Great Lakes Loan co. right now.

    No I don't plan on ever buying a home or new car--which i'm actually fine with. But is saving like crazy and paying in full then saving for retirement like crazy the best route here?

    submitted by /u/gratefulmarmot
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    are private student loans my only option?

    Posted: 30 Mar 2018 12:55 AM PDT

    just received my financial aid award letter for my freshman year this upcoming fall and i'm freaking out. i've only been offered $5k in direct student loans, and they're unsubsidized federal loans. the only other federal loans i'm being offered are plus loans to cover the other 14k i need to pay. my parents and i have agreed that i'm the one who will be paying for my education, and i know they can't afford to pay for that kind of loan. my mom has bad credit so i might be able to have her attempt to qualify to up my unsubsidized loan offer, but that would still leave me with $10k to cover just for next year. i have plans to reduce my costs in the future; i'm only living on campus as a freshman because it's a requirement, and i'm still being considered for a few scholarships that could bring costs down, but none of that is guaranteed. what are my options here?

    edit: unsubsidized, not unsubstantiated

    submitted by /u/throwaways_for_today
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