Just received PSLF certification letter Student Loans |
- Just received PSLF certification letter
- Making payment when Past Due status?
- $196k in student loans, what’s my best option.
- $170,000 in student loans. A few different interest rates. Should I use an extended repayment plan and target the high interest loans?
- I can't get a hold of my loan collection agency!
- Desperate International student needs help and advice in terms of student loan. Please help if you can!
- Lowering interest rates question
- Income-Driven Plan
- Question about daily interest calculation - Navient
- In need of some advice. Parents cosigned student loans, monthly payment is too high for me ($1300) due to their income, can't remove them as cosigners because the debt ($115K) is too large, and my credit score is too low. Any suggestions on what to turn to next?
| Just received PSLF certification letter Posted: 05 Mar 2018 11:23 AM PST I have been working on PSLF for about 6 1/2 years and just received by most recent certification notice. First thing I noticed is that this one includes every period I have ever submitted for certification and the eligible payments for each time frame listed. So instead of just this time frame, it shows them all on one letter which I really like. They also corrected several missing payments that had been left off previous certifications so now my forgiveness date matches my own records and has been moved up 2 months! Doesn't sound like much but it sure feels like a lot. 78 payments down, 42 to go! [link] [comments]  | ||
| Making payment when Past Due status? Posted: 05 Mar 2018 03:46 PM PST The status of my loan is "Past Due" it has been delinquent for 268 days. My current delinquent balance is around $800 I received an email from myfedloan saying that my delinquent status persisted for too long and that my loan was due IN FULL. I made a call to their number and spoke with a representative. I asked him what would happen if I were to make the 800 dollar payment while my loan was in the past due status. He told me the balance would be brought to current and that I wouldn't have to pay in full. Now, I would plan on doing this before the 270 day default deadline, I just wonder if there's any chance he is bullshitting me and I will end up making the payment for no reason, defaulting anyway. My question is: Should I make the payment and get out of delinquent status? Defaulting for me wouldn't be the end of the world, so I could go with that option. I should mention the guy on the phone said I haven't used General Forbearance at all. Should I use that as an option because the deadline is so close? Could I also go into general forbearance and then make the payment just to be safe? All my loans are Direct Sub Stafford Loans and Direct Unsub Stafford Loans $10,000 in total. Thank you for your attention. update An hour or two after I made the call my status changed from "Past Due" back to "Delinquent". I don't know why. Making the call was surely the reason why but I haven't made any payments yet. [link] [comments]  | ||
| $196k in student loans, what’s my best option. Posted: 05 Mar 2018 02:01 PM PST I have $196 k in student loans. My husband makes about $100 k per year which pretty much pays for our life, mortgage on a small townhouse, one economy car, insurance, etc. I make about $16k per year working full time for corporate massage. Most of my student loans are for a masters degree in Acupuncture and oriental medicine, which is my passion, completed in Aug 2017 and some undergrad. I feel completely overwhelmed and sick to my stomach over the amount of debt. I don't qualify for PAYE plan because first loan was before 2007 (undergrad). Any advice would be much appreciated. [link] [comments]  | ||
| Posted: 05 Mar 2018 09:30 AM PST Hi everyone, I am graduating from law school in a few months with roughly $170,000 in federal student loans. I originally planned on using a standard 10 year repayment plan, but I'm wondering if there is a better option. Instead, i was thinking about using a 25-year repayment plan to cutdown my minimum monthly payment, and then make a second payment specifically targeting my highest interest loans. I have a post-graduation job, and I should be able to pay off my debt in roughly 5 years on the 10-year plan. But if I'm trying to repay my loans that aggressively, the math would suggest that I can save money by making a lower minimum monthly payment and targeting on a 25-year plan. Am I overlooking something? Any help is appreciated! [link] [comments]  | ||
| I can't get a hold of my loan collection agency! Posted: 05 Mar 2018 09:52 AM PST I've been trying for months to work with the credit agency that has my student loan debt (hopefully with debt rehabilitation), however I keep getting referred to different voice mails and never receiving a call back. I've talked to operators who assure me that they're receiving my messages any apologizing for the delay, as well as the Dept of Ed who have assured me I'm calling the right place, but I'm getting nervous they might start garnishing my wages if I can't get this fixed soon. I'm not sure how to proceed and feel totally stuck--any advice? [link] [comments]  | ||
| Posted: 05 Mar 2018 12:44 PM PST Hi all, I am an international student at the University of Oklahoma, my education is paid by a scholarship for fall and spring semester, but it won't cover summer courses. Since I have fallen a bit behind, I would like to take some courses at the community college in OKC so I can come back to track for my graduation. I have no clue in taking private loans and how should I approach it. I am looking for a loan around 5k usd and I would like to pay monthly around 100 bucks or so, so I can pay off the loan fast. Can you please help me find which one is the best loan the take in terms of interest and monthly payments, and advise me on how to go and approach in taking the loan. Thank you in advance for your help, May everyone pay off their loans as comfortably as possible, Good luck! [link] [comments]  | ||
| Lowering interest rates question Posted: 05 Mar 2018 11:56 AM PST Im looking to lower my interest rates and monthly payments on a private student loan with Wells Fargo. Unfortunately I dont qualify for refinancing or claiming financial hardship because of my credit history. I have tried several banks small and large with varying credit standards and have not been approved. Not sure if there are any other options. Any feedback is appreciated. [link] [comments]  | ||
| Posted: 05 Mar 2018 06:08 AM PST Hello fellow redditors, quick question. My Income-Driven Repayment plan with Navient and Sallie Mae is about to expire, and my wife and I are making more money than last year. Would there be a chance that our monthly payments would increase because of this? If so would it be a bad idea to renew the IDR plan? We are currently snowballing debt so we'd like to minimize all other payments as much as possible. We'd be grateful for any insight!!!! [link] [comments]  | ||
| Question about daily interest calculation - Navient Posted: 05 Mar 2018 08:18 AM PST I started back to school August 2017. I didn't have student loans as an undergraduate so this is my first experience with them. I have an unsubsidized federal loan and Navient is the loan servicer. I receive some employer tuition reimbursement which I have paid to Navient and also paid the overpayment back to Navient after I was sure I wouldn't need it last semester and this semester (I accepted slightly more than my bill to cover books and so on). I've also made a few small payments on my own, because I hate debt and the whole student loan thing makes me feel a little sick. So, I have dates and amounts that I've paid. However, when I log in to Navient, it is showing that I paid these amounts on different earlier dates. I've noticed this from the beginning but after reading their FAQ How To Calculate Your Interest this seems like a bad practice on their part. The FAQ says:
I'm most interested in that "number of days since your last payment" factor as that changes things a lot. I made payments to them on Jan 9, Jan 11, and Feb 2. According to their website, I made 1 payment (a sum of those 3 payments) on Jan 2. Which means it's been over 60 days since I made a payment, per their calculations. What is going on here? Edit: For what it's worth, I did the calculation using 63 days since my last payment and came up with about $105, which I can say is NOT being added daily to my balance, so I still feel like I'm missing something. [link] [comments]  | ||
| Posted: 04 Mar 2018 03:41 PM PST
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