Thought I'd share what I've been working toward for the past eight months Student Loans |
- Thought I'd share what I've been working toward for the past eight months
- If anyone is interested, the feds just released the most recent customer service numbers for the federal servicers
- Best option to lower agreed upon payments?
- Need Help with student loan question
- Great Lakes FFELP loans transferred to Nelnet
- Is your monthly payment determined based on the principal balance at the end of the Grace period?
- Refinance your loans!!!
- I Accidentally Made A $5000 Student Loan Payment
- Best banks to get a private student loan?
- Best place to get loans when I can’t gent enough aid from my school?
- I Need Help Paying for College
- Can I deal with the government directly or just Revcrest?
- what should i know about getting a private loan? any suggestions?
- Advice on fixed or variable interest rate
- Advice on how to apply for FAFSA as someone under 24 with parents who won't help
- Retrospective -- What is something you wish you would have known before taking out loans or going to college? What was the moment in your life that made you choose to go to college?
- [Advice] [UK] How do I approach applying for my student loan for my situation?
- Student loan planning for masters program
| Thought I'd share what I've been working toward for the past eight months Posted: 08 May 2018 06:52 AM PDT |
| Posted: 08 May 2018 05:14 AM PDT The ED releases these numbers quarterly. https://studentaid.ed.gov/sa/sites/default/files/fsawg/datacenter/servicer/12312017/ResultsQuarterEnd123117.pdf [link] [comments]  |
| Best option to lower agreed upon payments? Posted: 08 May 2018 09:33 PM PDT I have a private student loan being serviced by Performant. Long story short, my cosigner stepped in to help make payments, and has for a couple of years. Due to illness they're no longer able to help. I'm grateful for the help they've offered, but it turns out they agreed to incredibly (to me) large payments of $500. And Performant tells me they have no interest in lowering them now that I'm on the hook for them. My credit score is just under 700 depending on the agency, so it's not great. (Well, according to Credit Karma. The WF app says it's a few points over.) I've had a secured credit card for about a year with Wells Fargo in effort to help build that. I owe $5000 on the loan still at 5.93%. I'm also paying federal student loan (which I owe about $4000 on, and have been over-paying the $75-ish monthly payment, trying for double usually.) I called my bank (Wells Fargo) but the rep I spoke with said getting a loan to pay off a private student loan would be near impossible. What options ARE available for me? It seems "refinancing at a larger interest rate, lowering payments, and paying minimums" is really the best I can do here. I really don't want to fall behind again. It was hell last time, and I'm sure it's no better now. Any suggestions from personal experience? [link] [comments]  |
| Need Help with student loan question Posted: 08 May 2018 09:31 PM PDT Was in school to become an engineer but didn't finish due to not being able to combine full time work with full time school. I'm thinking of doing something else which requires a year to finish; an LPN program to be specific. I'm currently owing over $15,000 in student loans. My question is, would I qualify for more student loans in this new venture and at a different school? If not, what if I pay off the entire amount? Would I qualify for a new student loan to undertake the LPN program? I hope my questions are clear enough [link] [comments]  |
| Great Lakes FFELP loans transferred to Nelnet Posted: 08 May 2018 08:32 PM PDT Anyone else get their letter saying their FFELP loans will no longer be serviced by Great Lakes? It says that all future payments should be mailed to Nelnet and to wait for future communications from the new servicer. Since I only have 10 days until the loans transfer, I was wondering if anyone here knows whether my IBR status should also transfer over to Nelnet or if I should expect them to bill me for the non-IBR amount until I'm able to reapply. Also, does Nelnet have an online portal to pay on? I don't know whether to call GL or Nelnet to ask how to set up an account with them because there's no way I'm snailmailing all my payments from now on. [link] [comments]  |
| Is your monthly payment determined based on the principal balance at the end of the Grace period? Posted: 08 May 2018 08:18 PM PDT If I pay down a loan's interest and principal during the grace period, will the required monthly payment be lower? Or will the required monthly payment be as high as it would have been if I don't pay down the principal during the grace period? Nelnet if it matters... [link] [comments]  |
| Posted: 08 May 2018 07:31 PM PDT Unless you plan to get PSLF, look into refinancing your loans! You can refinance parts at a time. Choose a 5 year plan and you can get 3.5-4% rate with a good credit score. I work in healthcare (we all have student loans). Im shocked how many coworkers have been paying 7-10% interest rates (grad school loans) for several years! [link] [comments]  |
| I Accidentally Made A $5000 Student Loan Payment Posted: 08 May 2018 06:33 PM PDT I accidentally made a $5000 student loan payment. I put one too many zeroes on my payment. Now I only have $1300 in my bank account and $8000 in my 401k. It will take 30-45 days to refund the money because they have to contact the U.S. Department of Treasury. I have enough money to get by till the money is refunded, but it is pretty crazy that they let the payment go through without questioning anything. [link] [comments]  |
| Best banks to get a private student loan? Posted: 08 May 2018 05:18 PM PDT Hi, I hope this isn't the wrong place to post this but I was wondering if anyone had any recommendations on where to get a private student loan from. (which banks treat you fairly, have good deals, etc or banks that treat you poorly) I am just about to get a student loan and want to make sure that I don't make things worse than they already are... :/ [link] [comments]  |
| Best place to get loans when I can’t gent enough aid from my school? Posted: 08 May 2018 03:39 PM PDT So I am going to a college and I only get enough to cover half of what it will cost for the year, so where are good places to apply for student loans? [link] [comments]  |
| I Need Help Paying for College Posted: 08 May 2018 01:54 PM PDT Hello! Here's my situation: I applied to the college of my dreams and I got accepted! Sweet! I'll be majoring in Computer Science. Double sweet! However, college is a tad bit expensive. Sour? Lets take a look at the facts: Edit: I forgot to mention that my parents are NOT helping me with college and that I'm doing this pretty much on my own. They won't cosign, help, or anything.
I don't mean to sound like an ungrateful, whiny, bastard, but... I thought that I had a college fund but it turns out that I don't. I was given that news late in April. That's after I sent off what little money I had to reserve a spot at my dream college. So now I'm pretty much at a loss. I have no idea how to pay for college. Currently, I'm doing all that I can to apply for scholarships so that if I can even go in August the price might be a tad bit lower. I've done some wishful thinking, math, and a whole lot of praying. This is what I have so far:
Let's look at some math (THESE ARE ALL ESTIMATES):
If you took the time to read all this junk, I have a couple of questions:
[link] [comments]  |
| Can I deal with the government directly or just Revcrest? Posted: 08 May 2018 01:41 PM PDT So Revcrest has my husband's student loans. They're in default. (Yes, terrible decisions on his part got him, and us, here) They're being total douche bags every time I'm on the phone with them trying to get them out of default. They have an attitude each time, don't give correct advice, keep giving different answers. Do I have to go through them to rehabilitate the loans? Or can I deal directly with the government? Does anyone have experience with this situation? Help. Pls. Revcrest blows. [link] [comments]  |
| what should i know about getting a private loan? any suggestions? Posted: 08 May 2018 12:31 PM PDT credit score: 671 amount needed: $2000 income: around $400 every 2 weeks i pay like $340 a month for bills n gas cosigners available: maybe [link] [comments]  |
| Advice on fixed or variable interest rate Posted: 08 May 2018 09:23 AM PDT I need some advice on whether to go with the fixed rate or variable rate on student loans. To give a bit of backstory, my wife decided to consolidate her private loans to get a lower interest rate. She has $52,734 in private loans. It worked out in our favor because she went from paying 8.5-9.5% fixed rates to 5.75% (variable) or 7% (fixed). We also refinanced the loans from 20 years to 10. I'm now trying to decide what our best course of action to take is. We are planning on doing a 10 year plan and my gut tells me that the fixed rate is the safer bet given the length of the loan. It is my understanding that the national interest rate is on the rise. If the two rates (5.75 and 7) are so close, would it be safer to stick with the fixed rate of 7%? In the long run, the fixed rate would cost an extra $4,000 (assuming the variable rate remained the same for 120 consecutive months). Any advice would be greatly appreciated! [link] [comments]  |
| Advice on how to apply for FAFSA as someone under 24 with parents who won't help Posted: 08 May 2018 08:37 AM PDT Posting this for my boyfriend. He is 23 and has never taken out student loans. He went to a local community college for ~5 semesters part time several years ago and is estimating that he is about 60% done with his associates. He claims that last time he tried to fill out a FAFSA he was completely denied (he was 17 and probably did it with no guidance). His parents want nothing to do with this and will not give him any of their information to help him fill this out. Since he is under 24 and unmarried, I'm pretty sure he will need to enter their information to even submit the application. Is there any way he can apply for/receive federal loans without their info? If it helps, his mom is an elementary school teacher and his dad is a pastor (aka, self employed) [link] [comments]  |
| Posted: 08 May 2018 08:07 AM PDT Hello everyone! After reading so many threads (here and in r/personalfinance), I could not help it, and started wondering about how differently I would have done things if I had been exposed to this type of information earlier. I would definitely be in a better place when it comes to student loans. With that in mind, and looking in retrospective, what are some things you wish you would have known? -What do you wish your parents/family/school counselor/coach/ youth pastor/etc would have told you about college and/or the costs? What did they actually tell you? -What was that moment in your life that caused you to think "Yes, I am going to go to college"? -Do you wish you would have chosen a different path? (ex: 2 year college, trade school, military, public vs private etc) -What would be a tool, resource, or advice, you would give to a group of current high school seniors and juniors? -What tool or information do you wish you had when you were making your decision about college (and how to pay for it)? [link] [comments]  |
| [Advice] [UK] How do I approach applying for my student loan for my situation? Posted: 08 May 2018 05:30 AM PDT I'm trying to work out how to go about applying for my student loan, because I'm in a bit of a unique situation. I'm currently living by myself, and have been since January. Whilst I haven't had much contact from my parents, I have had a little. My confusion comes when they ask if I'm 'irreconcilably estranged'. Whilst I have been estranged from my parents since January, I have had some contact, and I don't think it's a permanent thing. According to the maintenance loan, this means I can't apply to be estranged. However, I have been supporting myself for the last 5 months, with no support from my parents - will this be taken into account in my application? Or will my loan still be calculated based on my parents income, despite me being independent from them? [link] [comments]  |
| Student loan planning for masters program Posted: 08 May 2018 04:05 AM PDT Hey everyone! I am currently serving in the Peace Corps and am planning to get my masters in social work when I return home. The school that I want to go to has 2 MSW options, full time and part time. I am trying to decide which I want to do so today I figured up tuition costs. The full time program would cost around $15,000 in tuition and fees, (not including living expenses and textbooks). And the part time program would cost $27,000 in tuition and fees (not including living expenses and textbooks). So a $12,000 difference in tuition. Currently there is no way for me to be able to tell my living expenses, but I would possibly be able to live with my aunt and live cheaply. My options: - Full time school (M to F 7am-3pm), work part time (nights/ weekends, in social service industry probably making $14 an hour) ($15,000 tuition) - Part time school (Saturday 7am-3pm, 16 other hours a week first two years (but flexible)third year only Saturdays ), work full time making around $30,000 a year. ($27,000 tuition) If I want to get out of school with the least amount of student loans which option would be best? Paying more in the long run while making more? Paying less in the long run while making less? Or will it probably be around the same? [link] [comments]  |
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