Vent about Navient Student Loans |
- Vent about Navient
- Can I refinance my Sallie Mae loan through SoFi, then turn right around and refinance through Earnest?
- Which loan should I focus my payments on?
- Multiple garnishments from same company [MO]
- Refinancing student loans
- Scam email or identity theft?
- Student Loans Are Too Expensive To Forgive
- I have been so foolish with my student loan; it's almost doubled in six years. What is this about paying directly to the principal and not the interest? How do I know if I should refinance?
- Why even refinance a student loan?
- Paying off my $4000 loan today, but have a quick question!
- question re: interest, and forgiveness
- FedLoanServicing discrepancy between their "loan payoff" amount and what I think the remaining balance should be
- Extra payment to Great Lakes.
- So many options, so unsure of what to do!
- Auto pay through Navient question
- Making standard payments monthly on IDR plans without affecting future subsidized interest?
- IBR Great Lakes
| Posted: 27 Mar 2018 12:32 PM PDT So I've got my loans set up for autopay, and pay extra on my highest interest loan each month. This causes navient to take the same auto pay dollar amount and apply less on the loan I'm doing an extra payment on ( with the intent to pay off sooner) and put the extra amount onto all of my other loans (essentially causing loans to get paid off over longer amount of time). I've had to call and have them constantly reapply my payments correctly, and today I finally talked to a supervisor and he essentially said sorry there is nothing that can be done. I just can't believe a company can get away with this. Guess I'll continue calling every month for the next 120 months [link] [comments]  |
| Posted: 27 Mar 2018 09:29 PM PDT So I applied for rates through both SoFi and Earnest to refi my loans. My existing loans are through Navient and Sallie Mae. At the time, I didn't no about Earnest's non-compete issue with Sallie Mae that restricts them from refinancing Sallie Mae loans. I ended up getting a better rate, and a better impression, from Earnest and I'm really bummed about not being able to go with them. The rate from SoFi is also good, so I'll still go with them, but still a bummer. My question (which I know is probably stupid, just by the sound of it) is this: Can I refinance these loans through SoFi, then immediately go back to Earnest so they can refinance the now non-SallieMae-owned loan? Is that a horrible idea? From what I'm seeing, the only drawback would be an additional credit pull. But I'm sure I could be missing something here. [link] [comments]  |
| Which loan should I focus my payments on? Posted: 27 Mar 2018 05:52 PM PDT I have 5 groups of loans left to pay off Group A: $2,090, 5.6% Group B: $4,570, 4.5% Group C: $8,340, 3.4% Group D: $10,090 6.8% Group E: $5,650, 3.9% I've currently been paying extra chunks on Group A and it's almost gone. Once group A is payed off, which froup should I focus on next? I figured either Group B or D. I know group D is the highest interest rate (6.8%) But the loan amount is so high I feel the extra $250 or so I can throw in every month (in addition to the minimum payment for them) wont make a dent. Group B would be the second highest interest rate at this point (4.5%) and is about half the amount {and can be payed off faster}. Which would be the better group to focus on? Thank you for any guidance you can give me. Edit: spacing [link] [comments]  |
| Multiple garnishments from same company [MO] Posted: 27 Mar 2018 11:26 AM PDT So I've googled myself silly trying to figure out an answer on this. Last summer, a company began to garnish 15% of my wages due to a defaulted federal student loan. I just received another letter from the same company and they are going to garnish another 15% for another defaulted federal student loan. I actually saw it hit my paycheck today for 30% total. I'm in Missouri and from what I can gather, the most you can be garnished is 25%. Where I'm not clear is, if it's from the same collector can they go to 25%? From what I've read, if its multiple agencies yes, they can garnish up to 25% total. However it also appears that if it's one collector, they can only collect on one at a time. I'm going to look into rehabilitation but for now I really need to know what % this company can actually take. Any help is appreciated! [link] [comments]  |
| Posted: 27 Mar 2018 11:48 AM PDT I'm graduating in May and I have $45,000 in student loans (20k in parent plus, the rest is stafford loans). I would like to pay off the parent plus loans first because of the high interest rate, as well as lay off the burden off my parents. I was looking for advice on refinancing my student loans to reduce the interest rate so I can pay them off faster. I have good credit, will be making 55K plus bonuses starting in August. Do I refinance only the parent plus loans (6.28%-7.21%), or do I refinance it all? Or skip refinancing them all together? [link] [comments]  |
| Posted: 27 Mar 2018 09:01 AM PDT I got 3 official-looking emails about student loans forwarded to me that say that "I" applied for student loans to go to a college in a state I've never lived in. They were forwarded to me by someone with the same last name, so I was worried maybe there was an innocent mixup. But I called both the Fafsa help line and the financial aid department of the college that it was for, and neither of them had any information tied to my name and info. Have I been scammed? Does anyone have any experience with this? [link] [comments]  |
| Student Loans Are Too Expensive To Forgive Posted: 27 Mar 2018 09:09 AM PDT |
| Posted: 27 Mar 2018 01:32 PM PDT |
| Why even refinance a student loan? Posted: 27 Mar 2018 05:02 PM PDT I'm not really understanding this. Could someone please explain to me? I thought we get tax deductions or tax credit (not sure which) when we pay interest on student loans. What's the point of refinance it to a lower interest rate if we can get a tax deduction anyway? [link] [comments]  |
| Paying off my $4000 loan today, but have a quick question! Posted: 27 Mar 2018 06:23 AM PDT I am happy to have the finances to completely payoff my loan. But my finances (for this loan payoff) are split between my bank account and my parents bank account. I was planning on paying half, and they are going to finish off the balance by paying the second half (using the FedLoan Services website). My question is: Would it be cheaper for me to make 1 large loan payoff of $4000 instead of doing 2 separate payments of $2000? I don't know much about how this process works and I don't want to pay more than I have too. Thanks for any help! [link] [comments]  |
| question re: interest, and forgiveness Posted: 27 Mar 2018 12:02 PM PDT First I want to thank Ms. Betsy for always providing her expertise freely I have 2 questions I don't understand the part of interest the government pays annually. If I'm on an IBR which I am, and my daily interest rate is about $8, does the government basically pay the difference if my IBR only requires me to pay $6/day? Is this taxed annually? Second, what is the interest for forgiveness in 25 years? Are all my loans (even ones I took out in 2004-2008) 25 years or just the grad loans I took out in 2014? Basically will they make me wait 25 year from when I took out the grad loans in 2014 even though my 2005 ones are already 13 years old? [link] [comments]  |
| Posted: 27 Mar 2018 03:14 PM PDT I am interested in paying off my loan in one lump payment, perhaps next month. I sent FedLoanServicing an email detailing this same question but I don't have much faith in their ability to understand or even respond to me. If I can't figure it out I'll call them but it's not particularly urgent right now. I am however quite curious and I figure somebody here can sanity check me. So, I don't think I'm missing any numbers. All this data is according to my account on FedLoanServicing: Original loan principal: $37,649 But when I go to "loan payoff" their calculated amount is somewhere around $9700. Am I crazy in thinking that my loan payoff should be exactly (unpaid principal) + (unpaid interest)? Which is like $7500 or so. [link] [comments]  |
| Posted: 27 Mar 2018 08:28 AM PDT I recently made an extra payment and put the allocation to 100% on the loan I wanted it to go to after paying the interest. Checked the spread of the payment this morning and it was spread throughout all loans. Anyone know why that is? [link] [comments]  |
| So many options, so unsure of what to do! Posted: 27 Mar 2018 12:23 PM PDT Hello, I got my doctorate and have $37,000 in direct unsubsidized Stafford loans through Cornerstone. The loans were all around 5.75% I found out I can go refinance through SO-FI and get a 4.75% rate for a 7 year fixed loan. The monthly payments would be rough, but I can do it. I just got a job as a school administrator and will be making around $95,000. I have been recently looking into loan forgiveness programs such as RePaye and potential student loan forgiveness programs such as PSLF, which I feel like I might qualify for since I work for a public school district. But I don't know a lot about this and how much money I would save/lose in the long run. Should I go for the So-Fi and try to knock out the payments on my own? Or do a more income-driven plan and hope I can get some loan forgiveness in the future? What is a better route to go? I am very new to this and don't know where to start, so any helping hands would be appreciated! [link] [comments]  |
| Auto pay through Navient question Posted: 27 Mar 2018 07:26 AM PDT Hello reddit. I'm really just tired of writing Navient a check every month and being constantly reminded how much I still owe them. I was thinking of setting up auto pay so it's one less thing I really have to deal with and not have that constant reminder. However, I'm sure as many here know and have experienced 1st handed Navient can be shady as fuck at times. Can I honestly trust them to only take out what my month payment is and not just whatever they want? I could obviously avoid this by simply setting up an account and each month only transferring my payment amount into said account. With that my worry is again them being shady, trying to withdraw more than I have in there and then my bank hitting me with an overdraft fee or Navient simply not taking out anything because the funds available is less than an amount they try and take. In a perfect world I would love to just login to the website and make my payments using my debt card, but you can't. It has to go through a bank account. [link] [comments]  |
| Making standard payments monthly on IDR plans without affecting future subsidized interest? Posted: 27 Mar 2018 10:22 AM PDT I keep hearing mixed things on whether it is possible to make a standard payment on an IDR plan (example: enrolling in a REPAYE plan with $300 month payment, but add another $1,000 to it monthly without affecting future subsidized interest or paying in advance). Is this possible? If so, how do you go about doing this? [link] [comments]  |
| Posted: 27 Mar 2018 06:46 AM PDT I've been sending much more then the minimum amount towards the loan to try and pay it off as soon as possible and I noticed that my next required payment isn't until 2079. Does that mean I could just turn off auto pay and stop paying it for the next 60 years? [link] [comments]  |
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