MyGreatLakes and setting up Tuition Reimbursement!? Student Loans |
- MyGreatLakes and setting up Tuition Reimbursement!?
- Where is your wiki?
- Servicer Changing and Being Denied Ability to Make Payments
- Banktruptcy
- The next recession will be the hand the turns the tide... or however that saying goes
- Navient deferred automatically?
- Nelnet tax form says $0 interest paid
- Defaulted loan gone to collection with a huge fee
- Are the problems student loans or the borrowers?
- Any tips for repayment when you make less than 30k a year?
- PSLF Qualifying Payments and 'Leave' from a qualified employer -
- Advice before dealing with Performant Recovery Inc on my debt.
- Best way to accurately calculate monthly payments?
- IBR and AGI - What is your AGI when you're unemployed?
- British Colombia student loan help
- Navient Overpayment Options
- Repayment options
- Giving my Bank Account Info?
- There is only one way out of this hell-hole
- 60K in student loan debt but just got a 45K job
| MyGreatLakes and setting up Tuition Reimbursement!? Posted: 08 Mar 2018 07:20 PM PST Hey, I'm hoping someone has some experience with this... My student loans are through MyGreatLakes and my company is willing to offer a very generous tuition reimbursement. The reimbursement is added to my monthly paycheck and then deducted automatically (so I pay taxes on it), and paid bi-weekly automatically by my company. However.. I've been experiencing difficulties in getting this to work. I need my account number for the paperwork. MyGreatLakes doesn't seem to have account numbers, only a payment reference number... Is this the number I'm supposed to give them for the same payments over two years...? It seems like that number will change with each payment made..? [link] [comments]  |
| Posted: 08 Mar 2018 07:51 PM PST Feel free to delete my post mods, if I've over looked this. But where is the wiki? I saw helpful links in community info, but gov websites are notorious for sucking. Can we have a sub wiki that outlines options and common lingo people who are in every stage of the student loan process? Thanks. Also really, if I look like an idiot here kindly delete this and just mail me a link to it. I have 40k in debt and am about to graduate. I have a job lined up for 45k/yr but also two kids shortly after I start. My wife will also probably match if not exceed my income in about a year as well. Nothing I am super worried about, but would like to see a general overview on how to start tackling this demon to start burrowing cash away so when I send two twins to school they don't have this shit. [link] [comments]  |
| Servicer Changing and Being Denied Ability to Make Payments Posted: 08 Mar 2018 02:17 PM PST I have a private loan I'm working on paying off that is in process of transferring from AES to Navient. The loan went off the AES website on Monday and is still not available on Navient today. I normally make payments on Fridays of $400-600. I called both servicers and was told to wait and that it could take 3 days or up to 30 days. Are there laws to for the right to make a payment, like there are with mortgages? [link] [comments]  |
| Posted: 09 Mar 2018 12:17 AM PST If they were ever to change the law regarding student loan bankruptcy how many of you would consider it?? Obviously this is a last resort option. What do you guys think? My guess is answers would vary between useless degrees vs. Useful degrees. Let me know what you guys think. Imo I'm going to do everything to pay back my 50k of debt but it would be nice to have this as a last resort option. Edit: Bankruptcy* [link] [comments]  |
| The next recession will be the hand the turns the tide... or however that saying goes Posted: 09 Mar 2018 12:08 AM PST With the Dept. of Ed. Starting it's inquiring into "evaluating undue hardship", and the #NewFedChair openly stating that he can't understand why student loans can't be bankrupt (pretty cool coming from the BankOfTheWorld)...The #nextRecession is already well underway, and it will soon be time for Congress to loosen the noose around the country's neck (aka, student loan bankruptcy). Over under 7days... Dec,21st'18.... What's your thoughts? [link] [comments]  |
| Navient deferred automatically? Posted: 08 Mar 2018 04:08 PM PST I just started a master's program and took it additional student loans. Previously I was paying 500/month for my undergrad. When they paid my grad school they automatically deferred all my loans (I think)? It tells me my monthly payment is zero but I don't want to rack up extra interest. Is this normal? [link] [comments]  |
| Nelnet tax form says $0 interest paid Posted: 08 Mar 2018 04:34 PM PST My nelnet tax form states that I paid $0 interest for 2017, even though I've paid several hundred dollars in payments. Most of what I paid last year went toward interest, a little toward principle. I was just on the phone with a representative and she couldn't figure out why so now it's being "researched" and they will get back to me in 7-10 days. Anyone else experience this? I guess I'll find out what's going on in about week, but now I'll be nervous during that time AND I can't file my taxes in the meantime. [link] [comments]  |
| Defaulted loan gone to collection with a huge fee Posted: 08 Mar 2018 11:04 AM PST So I will admit, I really haven't handled this loan in the best way I could. After 2 years deferment for school I was required to enter repayment (despite being told I could get deferment for the whole time I was in grad school). My parents were taking care of payments since I couldn't afford it myself. Now that I've finished grad school and wanted to start taking care of things, I've found out that my loan defaulted despite consistent monthly payments and has been sent to collections. What concerns me is that there was a huge fee added to the loan when it was moved to collections. I can't find anything in my paperwork that says such a fee would happen and I was under the impression that a debt collector is not allowed to do this. Do I have grounds to argue with this debt collector and threaten to involve a lawyer? Debt owed is ~19k, they added 7k in fees. [link] [comments]  |
| Are the problems student loans or the borrowers? Posted: 08 Mar 2018 03:12 PM PST I am going to be going away to college. As I am a transfer Junior, I will only be away in school for two years. Ultimately, I will have to borrow (at most) 40k of student loans in my 2 years of school. I am just wondering what all these student loan problems fall in, the loans themselves or the borrower? I am going in a Computer Science major, and I know this is a good major for jobs. I am just wondering if student loans is really as bad as it's put out there? [link] [comments]  |
| Any tips for repayment when you make less than 30k a year? Posted: 08 Mar 2018 08:28 PM PST I graduated in 2015 and make 29k a year. I work at a non-profit and love my work but it doesn't make a lot. My wife also works at a non-profit and makes about 30k. My biggest loan is 13k at 6.8% interest. We can handle the minimums plus a bit extra. But even at that it'll be almost 10 years before it's paid off. Is there anything I should be doing? I don't see myself being here for the 10 years needed to get the forgiveness. And I would like to get my masters and become a teacher, so that might add to the debt down the line. [link] [comments]  |
| PSLF Qualifying Payments and 'Leave' from a qualified employer - Posted: 08 Mar 2018 10:28 AM PST I have been employed at a qualifying employer for several years, and making on time IBR payments with the expectation of applying for PSLF in the next few years. I am going to be taking a couple/several months of leave over the summer but could not find a clear answer whether payments made while on leave will still count towards my 120 PSLF payments. On the one hand I will still be employed by a qualifying employer. On the other I will not be working the minimum hours required, or getting paid for the entire time. Is this more like taking vacation (where it seems like those payments count); or a separation from employment? By law/office policy I could theoretically be on leave for months until the time my PSLF application/forgiveness goes out. Does the answer change if I took that longer leave instead of something much more short term? Thanks! [link] [comments]  |
| Advice before dealing with Performant Recovery Inc on my debt. Posted: 08 Mar 2018 04:46 PM PST My loan is in default and my wages are being garnished. I think I have about 3 months worth of garnishment before my debt is paid, but I don't have all the debt information. My debt was sold to ECMC then to PRI. I have heard they are difficult to deal with. [link] [comments]  |
| Best way to accurately calculate monthly payments? Posted: 08 Mar 2018 12:26 PM PST So this is going to be a multi-faceted post because there are a few questions I have. Firstly I'll say that the loan calculator that I have used for most of these numbers is from NerdWallet, found here https://www.nerdwallet.com/blog/loans/student-loans/student-loan-calculator/ My wife and I are both in our final year of college. We are going to school online so we can work and go to school at the same time. I have estimated that both of our student loan debts will be around 60K each when we are done with school, I am not combining them because of loan interest reasons. My average loan interest is 4.5% and hers is 4.3%. With that information I have monthly payments for 10 year plans at around $620 each, or $1240 combined per month. This is impossible for us to do, at least right now and though we are hoping to drastically increase our income with degrees, (right now we are making about 4k a month net with about 3K in expenses) I want to plan for the possibility that we won't find better jobs even with degrees. With student loans added on it would tip us over to not being able to really live unless we want to eat Ramen for the next 10 years and never save a single penny. This brings me to my next part. What is the best way that we can lower that amount and still reasonably pay off the loans? I know that by bringing it out to a 20 or 30 year repayment plan that will lower the amount monthly we have to pay, but it will add tens of thousands of dollars in interest and we would be paying them off forever. I really don't know much about any other kind of repayment plan like pay as you earn, since I don't wanna get screwed over by having to declare every penny I make and then paying all of my monthly income left over to student loans. I am also not sure how the repayment plans with loan forgiveness really work either. Is it that after a certain time frame you just don't have to pay your loans off? Do they have a higher amount of monthly payment than regular loan repayment? Any time that I've really tried to look I have been bogged down by ads or having websites have me enter my loan amounts and interest rates and then have me redirected to banks and collection agencies which I don't want to deal with either. I know that was a lot but I need to get onto the right track and soon so I can plan accordingly for my next 5-7 years at the very least. [link] [comments]  |
| IBR and AGI - What is your AGI when you're unemployed? Posted: 08 Mar 2018 07:11 AM PST If someone had a full-time job for the past several years, but was unemployed as of January 1 of this year, do they still have to enter their full AGI from 2017 into the IBR request forms? Helping someone out with this and though they are now unemployed, and have zero income, the IBR estimator says they will owe $500+ per month under IBR if we use their prior-year's income tax AGI. This seems to cut against the purpose of IBR as their current income is zero, so if their 2018 AGI (january-present) is zero, they should be eligible to pay $0.... any ideas? thanks. [link] [comments]  |
| British Colombia student loan help Posted: 08 Mar 2018 07:06 AM PST The estimated amount I'll be eligible to receive is around $7500, but my tuition alone will be about $15000 for a 6 month course with the estimated total cost of all expenses closer to 25k. I'm not a dependant and won't be receiving any financial help from parents, is there any way I can receive more or will I need to consider a student line of credit? Thanks! [link] [comments]  |
| Posted: 08 Mar 2018 10:10 AM PST I'm a 2016 grad. I am trying my best to put out this raging inferno that is my student loan debt. In order to accomplish this, I pay an extra $700 per month towards my highest interest loans. I have been doing this for the last 2 years. There are two options listed on NAVIENT's website on how overpayments may be applied: 1) Not postpone my monthly due date and make my next scheduled payment on time. (default selection) 2) Postpone my monthly payment due date by an equivalent amount of time to my overpayment amount. I have always choose checkbox #1 (default selection) so I can get rid of the debt sooner. Why anyone would make an overpayment and choose checkbox #2 to extend their loans is beyond me. Recently, I logged in to make an my monthly extra payment and noticed the formatting on the webpage has changed. There is no default selection on "option #1", Options #1 and #2 have flipped order, and the wording explaining each option has now changed! I'm glad I was paying attention when submitting payment. I think their reformatting is intentionally deceptive to those of us making the extra payments. Has anybody else experienced/noticed this? Just a friendly heads up. [link] [comments]  |
| Posted: 08 Mar 2018 09:37 AM PST I am sure this has been addressed before but I want to ask my question anyway. I am currently in graduate school for counseling so my projections of income when I graduate are not that high. This summer I have to take out the graduate plus loan for what will probably by the max amount I can so like 18k. When I finish school in all I think I'll be at 100k. My question is how will I be able to afford this? I'm not going to be making much money is there an income based repayment plan? Should I consolidate all of my line together? Thank you for the help! [link] [comments]  |
| Posted: 08 Mar 2018 07:32 AM PST So I found out that my loans with Peaks and SCU are overdue and apparently I need to give them my bank account information in order to pay them, they state they will no longer accept over the phone debit card payments...that seems really shady and I don't wan to give them access to my bank account. What can I do, is this legal? [link] [comments]  |
| There is only one way out of this hell-hole Posted: 08 Mar 2018 03:03 PM PST Starting a business. What do you ask? I'm not sure yet but this system is so fucked. [link] [comments]  |
| 60K in student loan debt but just got a 45K job Posted: 07 Mar 2018 03:50 PM PST Here is my story. I am a senior at University and I will graduate this upcoming May, finally. I am about 60K in debt when it comes to student loans, and I just got crazy lucky and landed a job that pays 45K for when I finish my semester. 2 questions. 1. What is the best way to go about paying these loans back so that I can be debt-free asap? I can live at home w/o paying rent to my parents as they are so nice and I also own my car, so no car payments there. My company offers a match for the 401K plan. Should I just forget about it and focus on paying off all of these loans as fast as possible, or should I take advantage of this even if I just put in a small percentage of my paycheck? My parents are not from the US and can barely help me, so any help is greatly appreciated! [link] [comments]  |
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