Paid off an 11% loan today Student Loans |
- Paid off an 11% loan today
- FAFSA does not view me as "Independent" and Sallie Mae denied me without cosigner. What do I do?
- Every Discussion About Student Loans
- Student loan question for trade school
- its really confusing getting a student laon at my school
- Jordan Peterson explaining exactly what's wrong with the College System (and Loans)
- Where are these mythical "Student loans are less than 1% interest"?
- my parents just loaned me $30,000 for my student loans... anyone else in my boat?
- Advice for a Uneducated First time Loaner
- WellsFargo deferment help
- Any other options to pay for college?
- Student loan applications keep being denied
- Need some advice have a student loan with average of 5.07% on a 23k loan. Can i do better?
- how much should i borrow at a time?
- Is refinancing student loans through SoFi a good idea or bad idea?
- Quebec Student Loans
- What to expect
- AMA - just completed my refinance application after a lot of researching, ask me anything!
| Posted: 09 Jul 2018 10:40 AM PDT Started repaying it last May it was at $13,000. Now onto the other ones! [link] [comments]  |
| FAFSA does not view me as "Independent" and Sallie Mae denied me without cosigner. What do I do? Posted: 09 Jul 2018 08:21 PM PDT Hey everyone. So I am in a tight spot. I am not on speaking terms with my parents. Some shit went down and they basically screwed me over and I dont want to be apart of there lives. So I cant apply for financial aid with my parents which means FAFSA views me as a dependent oddly enough even tho i live alone, pay my bills and have been self supportive since I was 18. I am now 21 and trying to move on with my life but I cant pay for Film School I just got in to. What do I do? I am not scared of hard work and getting a second job. I just need a little bit of support and any ideas are welcome. Thanks guys [link] [comments]  |
| Every Discussion About Student Loans Posted: 09 Jul 2018 06:00 AM PDT Why does it feel like every discussion about student loans always has the "I paid off X amount in X years" or the "I went to college but worked X and didnt take out any loan money" people? Why do they come out when it seems utterly irrelevant to the conversation or question posed? [link] [comments]  |
| Student loan question for trade school Posted: 09 Jul 2018 09:18 PM PDT Wife has a 4 year degree. She wants to change careers. She is looking at a trade school that has a one year program. We 'could' cover the cost, but it would be painful. Is she able to take out student loans still since she has a college degree and this is technically less than a college degree? Thanks! [link] [comments]  |
| its really confusing getting a student laon at my school Posted: 09 Jul 2018 07:47 PM PDT it doesn't say how much I amount of loan I can get or how to get a loan I seriously need one cause my tuition cost is higher than what I was awarded in financial aid by more than $8000 [link] [comments]  |
| Jordan Peterson explaining exactly what's wrong with the College System (and Loans) Posted: 09 Jul 2018 11:41 AM PDT https://www.youtube.com/watch?v=v6H2HmKDbZA 37 minutes in Colleges entice people to extend their adolescence for 4 years at the cost of mortgaging their futures with debt that they cant get rid of through bankruptcy - indentured servitude [link] [comments]  |
| Where are these mythical "Student loans are less than 1% interest"? Posted: 09 Jul 2018 09:56 AM PDT My whole family says I shouldn't have to worry about student loans because they are less than 1%, I have a few aunts and uncle with these mythical loans, but any online search only shows loans between 3 to 8%, so I'm wondering what reality I'm in where I have to pay over $200 in interest a month and they're leisurely paying $15 a month for 30 years. [link] [comments]  |
| my parents just loaned me $30,000 for my student loans... anyone else in my boat? Posted: 09 Jul 2018 05:39 PM PDT hi reddit, i'm constantly reading up on r/StudentLoans because i have a big amount (about $125k from undergrad and grad school) and fantasize constantly about the day i pay it off. i work a full-time job and a weekend job to make extra payments. thankfully, i like my job (for the most part). here are my stats so far: $25k in Perkins loans will be forgiven after 8 more years of working in the healthcare field 6.16% average interest rate $85k combined salary (weekend + full time) with more earning potential with experience currently making $837 minimum monthly payment (majority of this goes to interest ugh) on a graduated repayment plan that will increase to the likes of $2000/month in the final 2 years... BUT i try my best to pay at least $220 extra/month to minimize the increase in future payments. i haven't been consistent with the extra payments though. it's been 1.5 years since i started working and paying... feels like i haven't made a dent. my repayment plan ends in a little less than 10 years in 2028. i've considered refinancing my non-Perkins loans but i'm hesitant to let go of any federal benefits or chances of further forgiveness at the moment... maybe later i will look into it again so here's the kicker: SURPRISE! my parents just offered to loan me $30,000 they apparently have lying around to put towards my loans and obviously help me save on interest and time spent in financial quicksand. i'm planning on making a lump sum payment targeted towards my highest interest loans (i have 7 or 8 that are 6.95% and 6.59%)... that will bring my average interest rate down considerably. my parents are not collecting any interest when i pay them back. to be honest this whole offer makes me very emotional. their words: "we're just glad we can help." my parents are not rich by any means... i grew up in an environment where it was always made known that money was tight, constantly moving houses, mom shopping at discount clothing stores trying to find the best deals, mom saying "that's too expensive!", dad brainstorming new business ideas and wacky inventions hoping to hit it big and support his family. my parents worked sososo hard over the years... i'm thankful just for that. the sacrifices they made in order to give me and my sister a better future, one that is less of a struggle than what my parents had to go through making it in America. i think part of them feels guilty for the gigantic amount of student loans i have right now... that they couldn't help put me through college. but i honestly don't hold it against them and wish they didn't feel this way. this whole time i completely accepted that this $125k would be my responsibility and that i will do anything to keep my head above water and pay it off. i don't want to burden my parents any more than i have to. they still work really hard every day to run their business. i talked it through with them... made sure that they have enough savings and that they'll have enough before i'm able to pay them back. they don't want to invest it and would rather help me save on interest than make a little extra in an interest yielding account. apparently their business is going well right now. so this is their way of helping me. *** anyone else have similar experiences of using personal loans to pay off their student loans? what factors did you consider or agreements did you make with the person/family member who loaned you the money? this extra lump sum payment will decrease my payment terms by 4 years and about $25,000 in interest. thank you mom and dad! <3 [link] [comments]  |
| Advice for a Uneducated First time Loaner Posted: 09 Jul 2018 10:07 AM PDT Hi r/studentloans, First off, I'm extremely uneducated on student loans and the process surrounding them. I was very blessed to have my undergraduate degree paid for by my family so I've never had to go through this process before. I was recently accepted into a dual MBA/MSN program that will cost me slightly over 51k start to finish. I make around 85k in my current role and my employer will pay up to 5k a semester for A's. It's fully online so and I'm covered on benefits by my job so I won't have too many extra costs besides books/resources. I'll plan on filling out the FAFSA soon, but is the financial aid office of the university the best resource? What are the best first steps to take? Are there any loans I should aim for/avoid? Thank you for the help and again I apologize for the simple questions. [link] [comments]  |
| Posted: 09 Jul 2018 03:20 PM PDT Does anyone know what the maximum amount of deferment is for Wells Fargo private student loans while still in school? I took a semester off to help take care of my parents when they had cancer and now I'm enrolling in classes again after this period. My grace period ends this month but I'm almost enrolled again. Will my deferment start back up if I am enrolled before my grace period ends? This will be my third year of college but I still have two years left because of transferring credit issues. Any advice would be much appreciated! Wells Fargo is always open when I have to work so if anyone knows, that would be great. Thanks! [link] [comments]  |
| Any other options to pay for college? Posted: 09 Jul 2018 01:42 PM PDT Any other options to pay for college? Pertinent info:
I registered for classes at the local community college for the fall. In pursuing financing options, I found:
Have I missed ANY options to pay for school? Thank you for any advice/insight!! [link] [comments]  |
| Student loan applications keep being denied Posted: 09 Jul 2018 01:33 PM PDT I am attending law school in the fall and scholarships will not cover all of my tuition and will of course not cover living expenses. My parents have been discharged from bankruptcy for almost a year but most lenders don't consider that long enough to qualify as having good or acceptable credit despite the fact that their current credit score is good, so they are rejected as co-signers. I also have a good credit score as I have one credit card that I regularly make payments on as well as paying off the student loans from undergrad that are in my name. However, as I do not and will not have a regular income while I'm in law school, I also do not qualify to receive loans on my own. Any ideas of lenders that I may not have considered or known to grant loans despite these circumstances? [link] [comments]  |
| Need some advice have a student loan with average of 5.07% on a 23k loan. Can i do better? Posted: 09 Jul 2018 01:02 PM PDT Current im making payments on my student loan and was wondering if i can find a lower interest rate? The loan term is 10 yrs [link] [comments]  |
| how much should i borrow at a time? Posted: 09 Jul 2018 12:39 PM PDT i'm pretty sure my school handles payments by the semester (the official tuition and billing calendar for fall 2018 hasn't come out yet) , so it makes sense to me to take out 6K for the first semester (make payments on it while i'm working to lower it down as much as i can) and then another 6K for the second semester. does this make sense or should i just take out the 12K for the whole year? [link] [comments]  |
| Is refinancing student loans through SoFi a good idea or bad idea? Posted: 09 Jul 2018 08:41 AM PDT I've been out of school for about 3 years now. Racked up over $50k in student loans, since I had no household contribution and very few scholarships/grants. I have about $20k in private loans and $29k in federal loans. I've been paying the minimum monthly payment because that's currently all I can afford. My total monthly payment for both is $650. My interest rates for Sallie Mae is quite high as well. I don't know if it's worth refinancing? I don't know much about it and would like to hear some people's experiences with refinancing. I have a pretty good score (in the 700s) and make $60k annual salary. [link] [comments]  |
| Posted: 09 Jul 2018 07:46 AM PDT Hi everyone, I was wondering if I could get some advice for getting a student loan in Quebec. Our tuition is very reasonably priced (for residents) and the only reason I want to get a student loan is to move out of my parents place for my final year of University. I already have money saved to pay the rest of my tuition (and a bit of extra savings), I want the loan for food, rent and whatever other expenses. I work part-time during the school year so I think for 1 year taking a 10,000$ loan would be more than enough to cover my expenses. Where can I get the information needed to do this, and is it hard to get a loan? Do I pay interest on it right away? Thanks in advance! [link] [comments]  |
| Posted: 09 Jul 2018 11:03 AM PDT I live in Canada and I'm about to attend University so I am considering to apply for a student loan. I have no idea what to expect whether it be a simple or a complex obligation. I've never been particularly wise when it comes to finances or contractual subtleties. I was considering having the military pay for my studies but it has recently dawned on me that giving four years of my life to a profession I have a meagre concept of is quite a brash leap of faith. I want to accrue enough credits to apply for a job I want so at least I've made plans for financial security. However my 23 years of existence has led me to believe life often scoffs at my plans. Any advice or commentary would be greatly appreciated. [link] [comments]  |
| AMA - just completed my refinance application after a lot of researching, ask me anything! Posted: 09 Jul 2018 10:55 AM PDT Refinanced roughly $89,000 of parent plus loans into my name with my parent co-signing. If anyone has any questions or comments feel free to bring them up. Details: Navient parent-plus loans: $89,000 in 6 different loans that avg around 6.5% - monthly payment of $1,038 Income: $53,325 age: 23 Made about 10 payments like this until I got fed up from most of my funds only covering interest. Refinanced through SoFi - used referral code with my co-signer who agreed to give me an extra $100 for going with them (Gives us both $200 bonus dollars). Monthly payment dropped to $912 and my interest rate will be fixed at 4.25% meaning I am set to save over $12-15 thousand in interest payments. Will likely refinance again in a year/year and a half to keep driving my payment down. I still plan on paying the $1,038 per month if not more than that to speed up the process. Still on a ten year plan. Feel free to ask any questions that you may want! [link] [comments]  |
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