Did you have the option to move back home to pay off student loans? Student Loans |
- Did you have the option to move back home to pay off student loans?
- Newlywed on IBR HELP!
- Best private loan for community College
- Starting to pay loans 1 year late
- About collection State
- To Consolidate or to not?
- Can anyone help me choose which loan I should payoff first with an explanation as to why?
- To refinance or not to refinance?
- Potential Grad School Abroad
- Student loans to pay for off-campus housing
- REPAYE VS IBR for new borrowers
- FYI: If you enter a wrong bank account number when paying over the phone, it will go through!
- Parent Plus Loan Deferment for Independent Child in Grad School?
- Would my privately refinanced loans (SoFi, Earnest ..) loans get passed on to my wife if I die?
- Dept Ed. & Private Refinancing (all or partial?)
- Graduate School in France financing
- Grad student loan with IBR/PAYE/REPAYE question
- Wants to refinance wife's private student loans DTI ratio dilemma
| Did you have the option to move back home to pay off student loans? Posted: 05 Jun 2018 08:49 PM PDT If you had the option to live at home while paying off loans, did you do it? If you had the option but moved out, do you regret it? I'm currently living at home and contemplating moving out. I am eager to start my life, live near people my own age, date, and be on my own. I'm trying to figure out if living at home and putting my entire ting salary towards loans is worth it, or if I should just pay the affordable minimum, live my life, and worry about it when I actually make good money. [link] [comments]  |
| Posted: 05 Jun 2018 01:23 PM PDT Long story short, i am on PSLF doing IBR. Husband and I got married in late 2017. When filing our taxes, it completely slipped my mind that our filing status (married) would have effect on my repayment amount when i have to recertify. It must have been the dollar signs flashing because it didn't even occur to me until after we received our return. He makes 4x what i make and when I have to recertify, I'm positive my minimum payment will sky rocket. I don't have to recertify until November, so should i just try and make the minimum for a couple months, hoping we can file 2018 taxes (separate) in February or is there a way around the gigantic payment I'll be faced with? [link] [comments]  |
| Best private loan for community College Posted: 05 Jun 2018 11:01 PM PDT I can't apply for financial aid because of parents legal trouble but I start college in August and I can't get any student loans and plus my dad is not helping me financially and he won't listen to me even though he a teacher. I'm just really stressed out and don't want to mess up my credit score [link] [comments]  |
| Starting to pay loans 1 year late Posted: 05 Jun 2018 06:43 PM PDT Last year I from my classes which withdrew me from my university. I was planning on going back and have not yet. January of this year I looked on credit karma and realized my loans were 6 months late. At the time I had just lost my job and seeing my credit was ruined and a $3500 payment due made me just avoid thinking about the loans. I've found a job and have worked there for three months and now feel secure in my housing and food situation. So now its time to start fixing my idiocy. I'm making ~$41,000 a year and have ~$68,000 in federal student loans. I have a past due amount of $7,500 and my current payment due is $8,200. Currently on the standard repayment plan. I'm just looking for the best way to start tackling this. I'm making significantly more than I did last year. I can't really afford the current $8,200 payment due or a $700 monthly payment right now. Do I request forbearance for the payment due in two weeks and then switch to an income based repayment plan? Any help will be appreciated I'm just a little overwhelmed right now. Edit: It looks like tomorrow I'm 327 days late. So I'm in default? However nelnet says the status is repayment. [link] [comments]  |
| Posted: 05 Jun 2018 12:08 PM PDT Guys I got f up. My university e-service is on collection state. I wanna check my balance and make the payment, but school cashiers do not tell me PIN and Identifier for my dept account. Also, I am not American citizen, so do not have S.S.N or E.I.N. There s no way I can check my balance. What should I do? [link] [comments]  |
| Posted: 05 Jun 2018 06:01 PM PDT I'm not very good with finance - so please excuse any silly questions I have. Is consolidating your student loans a good idea? [link] [comments]  |
| Can anyone help me choose which loan I should payoff first with an explanation as to why? Posted: 05 Jun 2018 10:47 AM PDT Loan A: $6,023.26 at 3.86% Loan B: $1,422.24 @ 4.66% Loan C: 1,887.24 @ 4.66% Loan D: $4,655.32 @ 4.29% [link] [comments]  |
| To refinance or not to refinance? Posted: 05 Jun 2018 12:52 PM PDT Hey guys, I am 1 year out of school and currently 6 months into my repayment plan. My grandmother has co-signed my private loans (I also have federal loans) and we have been talking about consolidation/refinancing. Debt breakdown: Discover loan 1: $8,860 @ 6% variable Discover loan 2: $23,181 @ 6.49% variable Discover loan 3: $21,925 @ 8.24% variable Discover loan 4: $24,333 @ 8.49% variable I'm wondering if we should bother applying to refinance or not and what companies would you recommend? Also, if I refinance and keep my grandmother as a co-signer, is there anything else I should do besides naming her the beneficiary of my life insurance? My current employer offers 2 x my salary to any named beneficiary, which is more than what is currently due on my loans. Any and all advice is welcome! Thanks in advance for your help. [link] [comments]  |
| Posted: 05 Jun 2018 12:20 PM PDT I'm looking at grad school abroad. I graduate undergrad in December 2019, and will be hopefully starting my Masters in September 2020, at a school in Europe. Very early stages now, just a lot of questions and reading to figure it all out. For the record, I will be graduating with less than $60K in loans, I have to audit my numbers again for an exact.
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| Student loans to pay for off-campus housing Posted: 05 Jun 2018 02:31 PM PDT Hello, I just transferred from a community college to a university so I am new to student loans since I had FAFSA covering everything at my CC before but I was wondering if I could apply for student loans to use to pay for rent. FAFSA has given me enough in loans and grants to cover the cost of tuition (cheap in state school) for the year but I was wondering if it is possible to get a private loan to cover housing. I was just planning to take out 12k to cover a year's worth of rent which is about $900 a month. I am a pre-med looking to get into the honors program for my school so I want to focus all my time and attention into my grades instead of having to get a part time job. My school offers guaranteed admission into their medical school if you are in their honors program which is why I really want to dedicate my time to it. It would help me a lot with costs in the future for applications and save me the stress from having to take the MCAT. My parents are willing to co-sign and they will be paying for my food expenses. They are willing to pay for my rent in the future as well but currently money is tight since my mother just lost her job so I am assuming that I would only have to take out enough loan to just cover one year. I am confident that I will be able to pay off the loans in the future due to the career I am pursuing but I was just wondering if anyone has any experience with this. Also, if I do get the loan would they just put the money in my bank account and I can just leave it there and have my rent set on auto pay or is there a better way to pay for rent with student loans? If there are other ways to help pay for housing please let me know as well. I do not qualify for scholarships at my school this following semester due to being a transfer student with less than average credits but next semester I will be able to apply. [link] [comments]  |
| REPAYE VS IBR for new borrowers Posted: 05 Jun 2018 06:08 AM PDT I'm in the process of consolidating my loans after just graduating. I was asked as to what repayment option would I like to sign on to and was utterly confused as to what will be the best option for me. Graduating now, Total loans so far: $$$ Will be applying for pslf. I'm starting my residency soon, where the income will be around $52000 for atleast the next 3 years. If I don't pursue further training then income will be around 250-300k, however if I were to pursue further 3 year training then the income will be around 60k. The income projections are rough estimates after the next three years. I called Nelnet, and the lady told me that the best option for me would be REPAYE as the interest is subsidized by the fed government. however a lot people have said that ibr might be better. Thanks a lot for the help. [link] [comments]  |
| FYI: If you enter a wrong bank account number when paying over the phone, it will go through! Posted: 05 Jun 2018 12:40 PM PDT I submitted a $4k payment, and the wrong bank account was recorded....it went through. Make sure the rep on the phone clearly knows what the bank account is! [link] [comments]  |
| Parent Plus Loan Deferment for Independent Child in Grad School? Posted: 05 Jun 2018 06:07 AM PDT Hello everyone! I can't seem to find a straight answer online so I figured I'd ask here: I graduated about a year ago, and my current employer offers reimbursement for graduate degrees. I have a lot of student debt, about 80% of which is in Parent PLUS loans (I'm paying them off). THE QUESTION! My question is this: Are they able to defer payments while I'm in graduate school?
My biggest concern is that if I'm only half-time some of the time, I'll have my full regular monthly payments due during semesters that I'm not quite a half-time student. WHY? Why am I doing this? Because my minimum monthly payments would drop to $0, and I could spend my current monthly payments to attack my highest interest rate loans FIRST, before I consolidate/refinance them after grad school. I figure this is a perfect way to save some money if it's possible. I'd also like to use this time to quickly build an emergency fund, and to help pay for the up-front cost of graduate school (although I'll be reimbursed after every semester). [link] [comments]  |
| Would my privately refinanced loans (SoFi, Earnest ..) loans get passed on to my wife if I die? Posted: 05 Jun 2018 02:47 AM PDT We are a single income family with a small house and one child. I have about about 135k in Federal student debt at 6.2%, but I am looking to refinance to get the rate to around 5%. My wife has a bachelors, but I couldnt imagine leaving her as a single parent with that much on her shoulders. [link] [comments]  |
| Dept Ed. & Private Refinancing (all or partial?) Posted: 05 Jun 2018 10:54 AM PDT Hello! Looking for some advice on how best to refinance my student loans. I'm not sure if I should refinance everything all at once or separate my dept. education/fixed rate loans from my private/variable. Total Loans: $53,995.20 Fixed Rate | Payoff: May 2020 Loan A: $1,488.41 @ 6.550% Loan B: $1,085.49 @ 5.750% Loan C: $431.73 @ 6.550% Loan D: $814.67 @ 5.750% Loan E: $320.69 @ 6.550% Loan F: $721.48 @ 6.300% (total monthly: $236.42) Variable Rate | Payoff: May 2025 Loan G: $21,345.75 @ 6.5% Loan H: $5,259.70 @ 6.5% Loan I: $22,527.28 @ 8.75% (total monthly: ~$760.62) Income: 84K Credit Score: above 800 I definitely want to refinance Loans G-I but should I include A-F or just pay them separately at their current rate and be done with them in May 2020? Refinancing Rates: I received the best rates from PenFed with 4.09% fixed/5 year and $4.41% fixed / 8 year. I'm leaning toward the 8-year plan. I was approved for Sofi but given less desirable rates (5 year @ 4.265% & 7 year @ 4.65% fixed) I've come this close to refinancing a dozen times but never move forward out of fear I'm not making the best decision. Any advice would be so greatly appreciated. Thank you! [link] [comments]  |
| Graduate School in France financing Posted: 05 Jun 2018 07:05 AM PDT Hi everyone, I'm starting to panic a bit, and would really appreciate some advice. I was recently accepted to a graduate school in France which is not on the list of international schools that FAFSA can help support payments with. I was looking into private loans offered by U.S. banks, and I have a relatively good credit, but the fact that loans can reach up to 10 or 13% terrifies me. I was reading about possibly securing financing in France, so I was wondering if anyone here has experience with studying in France and securing a loan through a bank there? And if so, what bank would you recommend? Thank-you so much, I really appreciate the help. [link] [comments]  |
| Grad student loan with IBR/PAYE/REPAYE question Posted: 05 Jun 2018 10:44 AM PDT If I understand correctly from other posts, it is possible to enroll in one of the income based repayment programs and pay extra on your highest interest rate loans as long as your income based repayment covers the interest on the others. Is this a viable strategy and is there any advantage to doing this instead of doing a standard repayment plan? My standard minimum payment would be about 30% of my take home pay which would be doable, but wouldn't leave a lot of room for error. [link] [comments]  |
| Wants to refinance wife's private student loans DTI ratio dilemma Posted: 05 Jun 2018 05:01 AM PDT My wife has over $300K in student loan (Federal and private). Currently she is doing her medical residency and her loans are on forbearance until she finishes in a year. Her yearly income is around $52k. Even though she is not required to make any payments yet we still want to refinance her $190k in private loans which has insane interest rate of 11.87%! I am also starting my medical residency soon with same income. We could live off of one paycheck for the time being. My question is can she refinance $190k with her current income? if not can she refinance part of it? Thank you in advance! [link] [comments]  |
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