Looking for advice, making 28K after taxes, have to start paying loans next month Student Loans |
- Looking for advice, making 28K after taxes, have to start paying loans next month
- He had $55,000 in student loans, now he owes $330,000 ... Here's how it happened
- Navient raised my monthly payment for the third time so far this year
- Seeking advice. Student loans are in rough shape.
- Upcoming graduate, subsidized or subsidized first?
- I’m drowning in debt.
- ELFi refinancers- how close to the lower end of your interest range did you get after approval?
- Good questions to ask Loan Refinance companies?
- Nelnet auto-debit processing has late fee?
- Graduate PLUS or private loan?
- Does consolidating your loans make you ineligible for Perkins Loan forgiveness?
| Looking for advice, making 28K after taxes, have to start paying loans next month Posted: 05 May 2018 04:52 PM PDT As my title says, I work a job where I'm making roughly $28K after taxes. I have $58K worth of student loans. I'm nervous because the person I spoke with about paying my student loans off told me I'd have to make $650 monthly payments. What should I do? Do I have any better options? I basically live paycheck to paycheck right now and I'm looking for a better job, but it is taking more time than I thought. [link] [comments]  |
| He had $55,000 in student loans, now he owes $330,000 ... Here's how it happened Posted: 05 May 2018 08:04 PM PDT |
| Navient raised my monthly payment for the third time so far this year Posted: 05 May 2018 06:41 PM PDT Goddamn it I fucking hate these people. My monthly loan payment was $530 at the beginning of 2018 and now it's $563. They just raised the payment in February and again in March. No relief at all either. I got rejected from every single place I applied to for loan refinancing because my debt-to-income ratio is too high, and no bankruptcy law firms anywhere near me handle student loan bankruptcy cases. I would like to become an independent adult sometime before I die, but these loans are the only thing stopping me. I'm giving these pieces of shit almost half my monthly income and the amount goes up all the time. I guarantee it'll be up to $600 a month by the time 2019 rolls. Not really looking for advice, just wanted to rant, I guess. I hate that any other kind of debt offers options, including having it all wiped away in bankruptcy, but for some reason, there's fuck all you can do about private student loans. Also, I think Navient intentionally applies loan payments late so if you try to do cosigner release (which requires 12 consecutive months of on-time payments), you won't be eligible. The worst part is giving these cocksuckers thousands of dollars for years and years and my balance has gone up by about $6,000. So it's not like I'm even making a dent in what I owe. [link] [comments]  |
| Seeking advice. Student loans are in rough shape. Posted: 05 May 2018 08:21 AM PDT I made several mistakes managing my student loans. At this point, I'm not sure how I should proceed. When I was fresh out of high school, I made the mistake of choosing ITT Technical Institute as my college choice. At that point, I just wanted to get a degree. Didn't care where just if it earned me more money. My family growing up was always lower middle class and I never really gained a sense of money management. If you asked me then, I'd never event be able to explain what a Credit Score was. Anyways, I walk into ITT Tech and they are more than happy to get me loans for school. All I saw was a piece of paper that got me into school. Just thought this was the way it goes. I worked through college which paid for my living expenses and never touched my student loans. Didn't even know how to pay them at that point. I wasn't the best student either. Dropped a few classes here and there and that just racked up my debt more. After school (eared two associates which also wasn't the smartest) I started getting the bills for student loans. I couldn't pay anything at that point. I just ignored them for the most part. Didn't see any ramifications of this as I thought I'd be earning boat loads of money in the future and I'll be able to just pay them off without issue in the future (also not my brightest moment. Anyways, started paying on them regularly the past few years in an effort to increase my credit score and stop getting the calls from the loan companies. I'm in IBR inside both companies. One set of Loans through Navient College Advantage: $11,852.10 - 10.750% College Advantage: $21,205.88 - 12.750% Another through Great Lakes: $62,396.97 – 6.250 % I have okay credit now as I've worked with them for awhile to really improve it. I tried the online application for SoFi but got denied due to previous missed payments to my loans. I am at a loss as to what to do. I'm not making any progress on them due to the interest and IBR amounts. I try to pay more but that doesn't always happen. Are there any options I have? Sorry for the massive amount of text. If there is any other information I can provide, I'm glad to. [link] [comments]  |
| Upcoming graduate, subsidized or subsidized first? Posted: 05 May 2018 09:12 PM PDT I'm about to graduate with a job on the ready. I should be making enough money where I can make a substantial dent in my debt. What loans should I take care of first? I have about quadruple the debt in subsidized loans. Something tells me I should start with my subsidized loans due to them being much larger and have a higher potential for large interest rates [link] [comments]  |
| Posted: 05 May 2018 12:57 PM PDT I got kicked out of nursing school with three months left. Note: I was on probation in the first place because we got practice equipment and apparently they didn't want us practicing on ourselves, just on stuffed animals and things. I did an IV on myself (the year before) and got put on 'probation' Long story short, the next summer, my teacher said I could give a medication without her, and then when our head of program (who is also one of my instructors) questioned her, she said I never had her permission. The nurse I was with backed me up. Of course I appealed it. The lady I appealed it to was the head of program, who is the one who put me on probation in the first place. She denied it, saying letting me back into the program would be "dangerous". I was planning a move out of state after graduation, which by this time was only a month away. I could still appeal it to the chancellor, but I was really upset. What would appealing it do? Let me back into the program with the teachers who have a vendetta against me for some reason. Now, I have four years of college down the drain. $14,000 in student loans to pay for, and a waitressing job. What do I do? I talked to my loan company about putting it off, but I would just like to lower my payments. Is the possible? They want proof of my bills & honestly, my boyfriend is paying most of everything because I don't make enough. This sucks. TLDR; Got kicked out of my program, still have to pay 14k in loans. Edit: I have no reason to lie. My mother and stepmom are both nurses, all I ever wanted to do was be a nurse. Why would I intentionally break rules to get myself kicked out 3 months before I graduate with my RN. [link] [comments]  |
| ELFi refinancers- how close to the lower end of your interest range did you get after approval? Posted: 05 May 2018 06:49 PM PDT During the ELFi refinancing process, the interest rate they give you is apparently the lowest you could potentially get if approved. In a later document, they give a range for the starting interest. I'm wondering for those who were approved, how close to the lower end of the range did you get? It would be convenient and more accurate if your profile matched mine (credit score > 800, annual income > $100000, loan amount about $130000), but any data points would be useful. For example, currently they are giving me a range of 3.09%-6.69% (*fixed rate), whereas another refinancer I'm with has offered 3.25%. The 0.16% difference in rates would amount to about $1000 of interest over five years, so I wanted to know the likelihood of ELFi giving me a rate between 3.09%-3.25% based on my profile, otherwise I won't bother submitting a formal application. I'm aware some companies will quote you with a really low rate that is impossibly difficult to get. Thank you. [link] [comments]  |
| Good questions to ask Loan Refinance companies? Posted: 05 May 2018 11:12 AM PDT Questions like What are your interest rates? What plan would be best for me etc I am going to call loan refinance companies on monday Here are all my navient loans =$46,973.78 https://i.imgur.com/KJU30pZ.png and here are all of my government loans =$44,646 https://i.imgur.com/8dliE0R.png What are your thoughts on consolidating my loans? Especially if I just graduated last week Normally we are supposed to pay 6 months after graduation but because I took a break in school, they expect me to pay on Monday (the SAME day as my first day of work) Should I just consolidate and hope they will let me pay in 6 months What is the best refinance company for ME? Like SoFi etc....or should I just stick with the government/navient [link] [comments]  |
| Nelnet auto-debit processing has late fee? Posted: 05 May 2018 05:05 PM PDT Hello all, I just set up my Nelnet student loan to auto-debit. I checked it today (the 5th) and it tells me that the payment started processing on the 4th (day payment is due) and now it says I owe an extra $60 past due amount. My question is, will this late fee go away once the payment clears or is this auti-debit some sort of scam? Edit: It also says that it's processing for 06/04. Why the heck would this be the case? My email from them states that auto-debit will start 05/04. Thanks for any help. [link] [comments]  |
| Graduate PLUS or private loan? Posted: 05 May 2018 11:33 AM PDT Hi there, I'm graduating this spring after an extended leave of absence from graduate school. This final spring term, my tuition amounted to $10k. I have been steadily paying off my previous loans from graduate school, and whittled it down to $14k. I applied for financial aid for this term and received about $6500 in unsubsidized federal loan. I need to figure out how to cover the remaining $3500 for this spring term. I was approved for a graduate PLUS loan for up to $7000. But before I go ahead and apply for it, I wonder if there's any other better private loan out there that I could take out for my tuition. Here's the complication, next month I start a diploma course to be a Montessori teacher. The course does not offer access to federal loans. The tuition for this year will be $7000, AND it needs to be paid by mid-July. I was considering just taking out the full graduate PLUS loan and using the remainder to cover the Montessori course tuition ($4000 covered by grad plus, $3000 from my own money). I'm married with two kids, and my amazing spouse is supporting us financially through this all. Basically - I can't figure out should I do the graduate PLUS for the full amount and use the money for both spring term and this diploma course, or just get a private loan that can cover both in full? It's possible that I could work in a public school and get loan forgiveness, but would it be just easier and cheaper to get a private loan with a lower rate? All my income would be used to pay off our debt, so we would pay off everything hopefully within 1-2 years. Recommendations for private loans if I need to go that route? Thanks! [link] [comments]  |
| Does consolidating your loans make you ineligible for Perkins Loan forgiveness? Posted: 05 May 2018 06:48 AM PDT I am a second year teacher for my local public school district and I understand that you can have a percentage of your Perkins Loans forgiven for each year of service. Some weeks ago after going through the rigmarole with my loan servicer Navient, then my university, then Navient again, someone told me I was inegligible because all my federal loans are consolidated. Half my experience with school debt has been the people giving the answers don't know what they're talking about. Can anyone direct me to more information on this? [link] [comments]  |
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