Emergency Student Loan For Independent Student? Student Loans |
- Emergency Student Loan For Independent Student?
- Help me with allocation of extra loan payments
- Salliemae raises my total balance every month for what?
- How do I start repaying my student loans so it does not effect my credit?
- Can I refinance my fiancée’s student loan in my name?
- Defaulted private student loans - PLEASE HELP
- Parent Plus Loan Repayment Overdue
| Emergency Student Loan For Independent Student? Posted: 30 Jun 2018 11:37 AM PDT how is it going? I'm currently on track to finish my undergraduate degree, But the problem is the current financial aid i received with grans and government loans is not enough to cover tuition for the upcoming Fall 2018 semester. I'm not eligible to get a parent PLUS Loan since I'm an independent student to cover the remainder of the cost. Are there any emergency private student loans to cover the remainder of my tuition ? i have no one to cosign a private student loan with. So does anyone know of any lenders that dont require a co-signer, or good credit history? [link] [comments]  |
| Help me with allocation of extra loan payments Posted: 30 Jun 2018 08:32 PM PDT I have three separate Stafford loans at 6.8% ($3500, $27000, and $9000). They are on an extended graduated plan and I have been paying a bit extra each month to get ahead. My loans were serviced by Great Lakes until this month when they were transferred to Nelnet. Nelnet is allocating my payments differently than Great Lakes, and I'm wondering which one is going to cost me less over time. Great Lakes used to apply my payment to accrued interest on all 3 loans, then would apply any extra to the principal on the lowest loan balance. Nelnet randomly applied my payment to the interest on the $3500 and $27000 loans, then divided the rest between the principal of those two loans. They left the interest and principal untouched on the $9000 loan. My plan has been to pay off the lowest balance first and then move to the $9000 next, just to eliminate the number of loans I have. If I'm no longer paying that loan ahead, eventually that loan would have minimum payments due next year that would start covering interest and principal (currently no payment is due until March 2019). For this month's payment, Nelnet applied $167 to principal and $148 to interest. When I asked them to maintain the allocation I had at Great Lakes, they changed my payment to cover $186 of interest and $128 of principal. So less overall is going to principal, but I'm eliminating my lower balance loan first and keeping interest under control. Is there any logical reason to let Nelnet apply payments as they did, and let interest continue accruing on the $9000 loan? Is paying more to principal more important in this case than paying down interest, since interest isn't being capitalized? I love the idea of being able to fully pay off a small loan balance early, but will sacrifice that peace of mind if Nelnet's allocation will cost me less over time. [link] [comments]  |
| Salliemae raises my total balance every month for what? Posted: 30 Jun 2018 01:15 PM PDT So I pay automatically on the 17th of every month. I pay my monthly rate and then the next day they add in another $80 of interest to my total bill, every month! What is going on with this [link] [comments]  |
| How do I start repaying my student loans so it does not effect my credit? Posted: 30 Jun 2018 10:20 AM PDT I have been irresponsible with my student loans and have brushed it aside. I recently discovered my credit is in the low 400s because of this. On Nelnet, it said I owe 23,000$ in total and is 3,000$ overdue. I payed the 3k in febuary in full. Now its June and "current amount due: 0$. I am so confused. I don't want this to effect my credit anymore. What do I do so I am safe? I am working in my career now my bad credit will effect my future. If it sas 0$ owed, and i dont pay that month, will it affect my credit? [link] [comments]  |
| Can I refinance my fiancée’s student loan in my name? Posted: 30 Jun 2018 01:14 PM PDT My fiancee (we've been together for almost 11 years) has defaulted on a private loan through SunTrust. Her mother co-signed for the loan. She is currently a student, but SunTrust apparently was expecting payments to start in January 2018. She thought payments would be deferred until after she graduates (summer 2019). Current balance (principal + interest): $9,225.83 Interest rate: 9.010% I have $11,000 in student loans myself. I have no other debt. I currently make $64k per year (just graduated and started working in May 2018). I have roughly $5k in savings at the moment. My credit score is 749. We currently live with her mom, so most of my money is saved. Am I able to refinance her loan via Earnest or SoFi and put it into my name? I don't want her mother to take more credit hits because she co-signed. [link] [comments]  |
| Defaulted private student loans - PLEASE HELP Posted: 30 Jun 2018 12:08 PM PDT I have a couple student loans issued to me directly from a university in texas (i'm assuming this means they are private student loans, as opposed to federal) that went into default back in 2014, totaling about $8,555. They loaned me this money because my federal financial aid hadn't come through yet. I haven't paid a single cent on it (that's another story) but i've been saving up money the past 4 years to pay it off in full, thereby allowing me to go back to school. I talked to the school and they've told me they "assigned" this debt to a debt collection agency and I can no longer go through the payment process with them. The debt collection company is called Williams & Fudge, when I first went into default it was a different company, if that means anything. It used to be on my credit, but last year it fell off. I received a letter from Williams & Fudge stating they "represent the above creditor (SHSU) to collect the total amount owed." Now, the debt totals to about $11,000 when I originally owed $8,555 (I guess this is interest accrued and not additional fees by the credit company?) I emailed them so they could prove the debt and they mailed me the entire loan contract from the school. Will I be able to negotiate with the debt collector and pay less than the amount owed? If so, what % of the debt should I offer to pay? Once I do pay, the school should then be able to release my transcript, allowing me to register to another school, right? Williams & Fudge allows me to pay back the debt on their website, allowing me to do it in payments or pay in full. I haven't attempted to call the company as i'm not sure what my rights are, how to go about this, or what questions to ask. This is a lot of money and i've worked hard to save up all of it, so I want to make sure i'm going about this properly and am curious to know my options on how to relieve this debt paying as little as possible. My goal is to be back in school by next semester, so any tips or advice would be greatly appreciated! [link] [comments]  |
| Parent Plus Loan Repayment Overdue Posted: 30 Jun 2018 06:33 AM PDT It turns out my mom has not been paying off her parent plus loan because she didn't know she was immediately being charged for it. I created a GS&M account for her and found out that she has a past due amount of 1400 and her next payment will be 300. Because of this we were declined a parent plus loan and I won't have enough to continue my enrollment in college. I was wondering if we paid off the past debt that we can reapply for the PLUS loan? Thank you. Also this may be off topic but I reapplied with my dads information rather than my moms information but was also declined even though the previous years PLUS loan was based off my mom is this because they are living together? any information and advice would help deeply thank you Edit: If we were to change our repayment plan from standard to graduated will it change how much we owe in the past making it cheaper to pay off previous debt? [link] [comments]  |
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