8 years and Finally Free Student Loans |
- 8 years and Finally Free
- No Amount Due Calculation
- Finished undergrad but account says I'm still in school
- How should I direct my payments?
- Heartland payment past due, affecting my credit score?
- Opinion on asking for help repaying a loan
- Are the loans worth it? I'm seriously considering just dropping out than having to pay $50k.
- I am paying higher loans than what I qualify for, how much faster will I pay it off?
- Missing FEDERAL FAFSA deadline
- Refinancing Options / Any Experience with College Ave?
- Minimum loan payments (xpost from some shit)
| Posted: 08 Jul 2018 08:15 AM PDT I finally paid off my student loans last week. Original principle amount was $54,987.02 at 5.95% interest. Other than my husband, I have no one to share this victory with - so thought I would post here :) I can't wait to finally see my extra $$ go into savings finally!!! [link] [comments]  | ||||||||||||
| Posted: 09 Jul 2018 01:17 AM PDT Ive been paying increased payments to my loan for about a year, previously the amount due was 400 but Ive been paying a thousand. Because of this, the amount due monthly shows zero since ive been paying ahead. I plan on continuing my schedule, but just wanted to know, how long would the zero payment due last if I was unable to pay for whatever reason? [link] [comments]  | ||||||||||||
| Finished undergrad but account says I'm still in school Posted: 09 Jul 2018 12:44 AM PDT I just recently finished my undergrad but when looking at my account details via Great Lakes it lists that I will be "in school until 6/16/2020". Conversely, the National Student Loan Data System lists my enrollment status (correctly) as having "graduated on 6/16/2018". Due to this, my estimated repayment start date according to GL won't begin until Dec. 2020-Jan 2021. I won't be pursuing any post-grad education during this time but I will serving in Americorps for the next 1-2 years and was already thinking about putting my loans into forebearance. Now, I'm kinda ok with having an absurdly long "grace period" before I have to start repaying my loans, but I was wondering if anyone has any advice on what to do? Or if you have any similar experiences with this kind of account error? edit: these are stafford sub and unsub loans if that makes any difference -- I'll most likely give their customer services a call sometime this week. (edit: Or at least before my orientation/service date for Americorps begins later this month.) [link] [comments]  | ||||||||||||
| How should I direct my payments? Posted: 08 Jul 2018 09:26 PM PDT Here is a snapshot of my remaining loans. I've been throwing $500 a month at my loans, making the minimum payments on all of them except for the one with the highest interest rate. Whatever is left over of my 500 is directed at that loan (the one with 5.6%). Is it a good plan to hit the highest interest rated loans first? Am I throwing too much money at my loans a month?
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| Heartland payment past due, affecting my credit score? Posted: 08 Jul 2018 08:30 PM PDT New to this sub, already saw that a lot of people have had issues with Heartland ECSI and the typical advice is to call them, which I plan to do. The problem is that I thought ALL my loans were on Nelnet. I got an email in January about a loan payment on Heartland but forgot about it and today I got an email saying I'm past due and owe $40. It says I paid $2000 in February, but all the statements look different and I don't get it. The loan was for $2k so that's what I owed, but then it says I owe $2,008, then it says I owe $40. I have no recollection of any of this, I have been paying all my loans off through Nelnet and thought I was doing great. The problem is that Credit Karma already sent me an alert that my Equifax statement has changed or some shit like that because of this. I was literally planning to go apply for a car loan TOMORROW! And I had a good credit score. If I'd know about this $40 or even $2000, whatever the hell it is, I would've paid it off immediately. Any advice??? [link] [comments]  | ||||||||||||
| Opinion on asking for help repaying a loan Posted: 08 Jul 2018 08:23 PM PDT I saw an article the other day about a website (giftofcollege.com) and I was planning on using this around Christmas en lieu of a physical gift. I have set up an account already and am curious if it would be weird to actually just post this on social accounts for help from other people? My wife is a teacher and has gofundme type things for items she wants for her classroom and random people help fund what she needs. I'm just not sure of doing that would look greedy because I'm really not trying to be, I just know people can be generous and want to help people out. And when you're 30k+ in college debt, the help can be amazing. Any opinions would be greatly appreciated! [link] [comments]  | ||||||||||||
| Are the loans worth it? I'm seriously considering just dropping out than having to pay $50k. Posted: 08 Jul 2018 08:08 PM PDT | ||||||||||||
| I am paying higher loans than what I qualify for, how much faster will I pay it off? Posted: 08 Jul 2018 02:22 PM PDT I just did a loan calculator and it said the standard monthly payment is $127 a month for what my income is. I currently have to pay $141 a month but I make a $150 payment every month (extra $9) how much faster should I be paying off my loans? I have 5 loans totalling about $12,218 and its about a 4.4% interest rate if that helps. I want to pay them off as fast as possible. I dont have any kids or a significant other so I want to pay as much as possible. [link] [comments]  | ||||||||||||
| Missing FEDERAL FAFSA deadline Posted: 08 Jul 2018 02:23 PM PDT Friend missed not only the school but the federal deadline. Can you still apply past the deadline or is it 100% firm? [link] [comments]  | ||||||||||||
| Refinancing Options / Any Experience with College Ave? Posted: 08 Jul 2018 11:53 AM PDT I currently hold about $33,000 in Principal for. Bachelor's and Master's and my wife has about $16,000 in Principal for her Bachelor's. Our loans are spread across several companies (Navient, Nelnet, Ed Department, Firstmark) and neither have gone through a refinancing/consolidation and we've been paying on a standard plan for about 7 years. Initially I was planning on taking advantage of the PSLF for my Bachelor's loans that qualified, but since I've been on a standard payment plan (didn't want to switch to IBR given the volatility/politics of the program and possibility of it not going through) and at this point the benefit is going to be minimal for me since I've been on a standard plan for so long and only have a few thousand remaining on the qualifying loans. We've spreadsheets all of our loan disbursement's and my average loan rate comes out to just under 7 percent and my wife's is about 6.5 percent. We both have OUTSTANDING credit, but work in the non profit education sector so while our income is reliable, it is a bit low. I make 60k annually and my wife is returning to work this year making a bit over 20k annually. We have a child and live in a comfortable residence and we have felt comfortable paying about 900 monthly (combined) towards our loans. I don't think we'd be able to put more towards them at this time. College Ave gave us both rates between 4-4.5% for five year terms, and we feel comfortable on a five year term since we want to plow through our remaining loans. Question: if we add each other as co-signers would our APR potentially be reduced? Right now we've both applied as individuals. Or does a co-signer just help with the initial qualification? I'm considering just consolidating all of our loans (I know we can't consolidate ours together, but both as individuals) considering I don't anticipate needing the benefits of the public loans. Does anyone have experience with College Ave? Most of our quoted companies through credible were 5% or under (fixed) and would there be any reason to go with a company with a bit higher APR because of a stronger reputation or benefits? If so, what would those respected companies be? [link] [comments]  | ||||||||||||
| Minimum loan payments (xpost from some shit) Posted: 08 Jul 2018 02:10 PM PDT |
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