Looking for any piece of advice for paying off $219,000 in undergrad loans. Student Loans |
- Looking for any piece of advice for paying off $219,000 in undergrad loans.
- I need help, paid off my loans 9/2017, had a Loan disbursement increase in 4/2018.
- Is this real? Congress members offsprings can extinguish their student debt when filing for bankruptcy.
- $120k in private, sallie mae, PLUS, and federal. Need refinance advice.
- No MPN References -- Alternative Contacts to Use?
- Federal PLUS Loans
- I have like 0 financial or number sense. Am I fucked, or am I overreacting?
- Incoming freshman looking for expertise/tips for navigating college expenses and student loans.
- Borrowers Defense Tips - ITT Tech Grad
- Unable to find a credit worthy co signer.
- What steps should I be taking?
- Can a college choose not to certify your private student loan?
- Moving back to home country, can IBR be recertified without US tax returns?
- Investing/putting remaining loans somewhere?
- I make 6 figures and cant consolidate 60k loans?
- Refinancing vs. Income Based
- Fun way to pay off your student debt
- Teacher Loan Forgiveness: Trying to figure out best route.
- Overwhelmed post-college graduate trying to understand school loans.
- Have loans consolidated through Navient, but received call from collection agency. Help.
- Need help deciding!! Undergrad Sophomore(F19)
- Need to pay this year
- Switching repayment periods difficulty?
- Is there anywhere that would give me a loan of about $3,200 with no credit, no current income, and no cosigner? I don't care if the interest rate is extremely high.
- Navient Loans
| Looking for any piece of advice for paying off $219,000 in undergrad loans. Posted: 31 Jul 2018 07:10 PM PDT Long story short I fucked up my freshman and sophomore year of college and lost my financial aid for 3 semesters at my 60K a year school. I was able to get my grades up and get the aid back but the damage was already done. I've been graduated for a year and half at this point with a good job that makes the roughly $2,000 a month payments doable, but I'm really beginning to feel the pressure. Loans are mostly private with rates around 8-10%. Largest one is with Wells Fargo around 82K total. I've tried to refinance with multiple lenders but each has said that my debt to income ratio is too high to lend to without a co-signer (which I have been unsuccessful at getting.) I'm really just looking for some advice on how to tackle this massive burden. Anything and everything is appreciated. I'd like to move out of my parents house eventually but right now it seems impossible to pay off my loans and pay rent at the same time. [link] [comments]  |
| I need help, paid off my loans 9/2017, had a Loan disbursement increase in 4/2018. Posted: 31 Jul 2018 11:02 AM PDT Has anyone had this happen? As the title indicates, loans paid in full 9/2017 and I received a letter showing loans paid in full. In May of this year, I get a notice that I have a balance due and I've been calling FedLoan almost every week trying to get it figured out. I kept being told it needed to be reviewed. Well today I call, and apparently it's been reviewed and they say it's a loan disbursement increase on a loan from December 2014 and they are saying I'm responsible to pay it. So 7 months after my loans are paid in full, I get an disbursement increase on a loan that is 4 years old? It doesn't make any sense. The specific loan that was increased is shown as paid in full on that letter I received. I'm feeling defeated after getting the run around for 3 months now. Anyone have this kind of experience after paying off loans? [link] [comments]  |
| Posted: 31 Jul 2018 09:07 AM PDT I came across this video and If this is true, it's the ugliest legislation I've ever seen! In the video, Lenore Elle Hawkins explains that Congress members offsprings can extinguish their student debt when filing for bankruptcy, unlike the other 44M Americans with student debt! I'm trying to understand if this is real or is it a misunderstanding of the law, just like what happened back un 2011. Link to video - https://t.co/nZblwgO5It [link] [comments]  |
| $120k in private, sallie mae, PLUS, and federal. Need refinance advice. Posted: 31 Jul 2018 10:33 PM PDT I have about $20k in Sallie Mae, $60k in PLUS, $10k with Discover, and $30k in federal. My grace period ends in November (except for one of my federal loans that's about $8k). I'm on track to have my $10k Discover loan paid off in the next 2 months (it has the highest interest rate of about 10%). I'm currently looking for a full time job while working part time making $200-350 weekly. I plan to continue working the part time job once I get a full time job for extra income. I am the first in my family to go to college so all this loan stuff is new to me and my parents. I have no idea how to refinance or if I even can. I'd like to meet with an advisor at my credit union since I believe they will have better interest rates than my other bank. I have my mom willing to co-sign. I was wondering what I should expect in the process and what paperwork I would need if any. [link] [comments]  |
| No MPN References -- Alternative Contacts to Use? Posted: 31 Jul 2018 04:31 PM PDT I'm filling out my MPN on the FAFSA website right now, and I'm stuck on the second page. It asks you to list two references with different addresses and phone numbers who have known you for at least three years. I don't have parents, and I don't have any other contacts who fill those requirements. Are there any alternative contacts that I could use or any other places that can be accepted as references? Would it be possible to put down a lawyer or someone like that who could be trusted to find me if I can't pay my loans after college or do they need to be personal references? Any help is appreciated, thanks! [link] [comments]  |
| Posted: 31 Jul 2018 10:24 PM PDT Hey guys, so I'm an incoming student at NYU and I was wondering if a parent borrower is required to take out a PLUS loan? Or can I take out the loan by myself? I'm asking because my parents' credit just got denied but I really need these loans to attend school. Thanks [link] [comments]  |
| I have like 0 financial or number sense. Am I fucked, or am I overreacting? Posted: 31 Jul 2018 03:05 PM PDT I graduated from a private institution this May. Here's the breakdown of my current loans:
Quite frankly, everyone in my family is financially illiterate, and I feel like I have absolutely no clue where to start. I have no idea what amount of debt is "normal" or "acceptable." I know there are people who are way worse off than I am, but I'm not sure how to start tackling my own situation. Right now my plan is to take on the big loans (the unsubsidized ones) first. I also recently discovered that my parents got me stocks years ago that are now worth about $7000. (Of course, they never told me this.) Should I sell these and put it all toward my debt? Just FYI, my dream is to go into some public health field working for the government or a nonprofit, but I feel like I would need an MPH to do that and I don't want to put myself in more debt right now. Thanks for the help! [link] [comments]  |
| Incoming freshman looking for expertise/tips for navigating college expenses and student loans. Posted: 31 Jul 2018 06:21 PM PDT Hey everyone! I have lurked this subreddit for the past 6 months and it is now my time to ask questions before diving into student loans. I'm an 18 year old getting ready for my college start this fall. Without going into too much detail, I have taken care of my first 2 years of college with an Associate's from a community college. I am now incoming to a 4 year state school, estimating an additional 2 years of classes to finish my degree. My savings from working the last couple years is $11,500. I do not expect to receive additional tuition help from parents. My actual cost of attendance per year after grants and scholarships is $16,100. I am offered Fed. Direct Loans totalling $7,500 (5,500 subsidized, 2,000 unsubsidized). I qualify for private loans if/when I need to take them out. Tips, suggestions or detailed essay responses welcome! How should I go about minimizing my total student loan balance? [link] [comments]  |
| Borrowers Defense Tips - ITT Tech Grad Posted: 01 Aug 2018 12:03 AM PDT Same story as many out there, so I'm looking for some tips before I file for Borrowers Defense. I know the current state of the news as well so it's going to sit and rot with the current administration but I want to file if for my own sanity and that .001% chance it'll get approved. Attended ITT Tech in 2008-2011 and and have a 106k in federal loans I'm struggling to pay. Before I file does anyone have tips for what I should be making sure I've got in there? [link] [comments]  |
| Unable to find a credit worthy co signer. Posted: 31 Jul 2018 01:20 PM PDT I'm unable to find a credit worthy co signer and have no idea how I'm going to get student loans, I'm 17 and have no credit can anyon help me? [link] [comments]  |
| What steps should I be taking? Posted: 31 Jul 2018 10:43 PM PDT I currently have a loan with $4,500 with a 4.45% interest. I don't have to make payments until 01/2020. Another loan with $24,500 with a 2.99% interest. I don't have to make payments ($500) until 01/2019. I currently make roughly $3,500 after taxes. I'm expecting a raise sometime in September but I'm trying not to depend on the raise. I pay roughly $1,850 on the essentials (rent, bills, etc) and i'm hoping to put roughly $300 into my savings monthly. Any advice on what payments I should start making first? [link] [comments]  |
| Can a college choose not to certify your private student loan? Posted: 31 Jul 2018 09:42 PM PDT I've exhausted all my financial aid rewards and federal student loans but since I am going to be an out-of-state student tuition will be much higher. I applied for a private student loan about 10k and was accepted they said I did everything I had to do just needed the school to certify it. Is it possible for the school to deny it? I'm freaking out cause I've been reading some posts where they were denied. [link] [comments]  |
| Moving back to home country, can IBR be recertified without US tax returns? Posted: 31 Jul 2018 09:27 PM PDT I've been looking all over and can't find a solid answer to this. I'm a Canadian citizen, US permanent resident (8+ years) planning on moving back to Canada. I have about 65k in federal student loans, all in good standing, currently on IBR plan. I want to make sure I am able to continue repaying my loans and since my income is about 70k, they're already as high as I can comfortably manage. My question is this: how would I recertify every year if I have no income tax returns? I will be filing with the IRS for a year or two after moving until a) my LPR status is found to be abandoned or b) I surrender my green card. Either way, I will lose my permanent residency and therefore will no longer be a US tax citizen. I know that many who move abroad can continue to recertify since their worldwide income is taxable, which allows expat citizens to continue filing taxes, so they have tax returns to show for IBR plans. What about cases where someone is no longer able/allowed to file US taxes due to abandonment of LPR or renounciation of citizenship? Are there methods of recertification that don't require tax returns? [link] [comments]  |
| Investing/putting remaining loans somewhere? Posted: 31 Jul 2018 04:03 PM PDT I just finished my undergrad degree with about 40k in student loans taken out; however, I still have roughly 20k of those loans. My loans will be interest-free for another (roughly) 6 years since I will be going to graduate school. I'm hoping to get some opinions on whether or not I should do anything with this remaining 20k for the next 6 years since it is interest free? [link] [comments]  |
| I make 6 figures and cant consolidate 60k loans? Posted: 31 Jul 2018 08:21 AM PDT I graduated in May with an undergrad in EE, my estimated gross income is just over 101k, and a credit score of 770. I have been rejected by 4 companies for student loan consolidation because my credit history age and lack of cosigner. My current interest rates are around 10% (no cosigner probs) so refinancing will save me a fair amount of money. And having a cosigner is not an option. Is there anything I am missing/something I should be doing differently to get my loans consolidated? Note: Earnest is out since they have a deal with Sallie Mae to not refinance their loans [link] [comments]  |
| Posted: 31 Jul 2018 03:33 PM PDT Hey guys! Can't afford my current payment plan and am looking at alternative options. I may be misinformed, but is income based better than refinancing? Should I consolidate first? Kiiiinnndaaa don't know how any of this works. Thanks in advance! [link] [comments]  |
| Fun way to pay off your student debt Posted: 31 Jul 2018 10:46 PM PDT I promise this is 100% legit. Want out of your parents house? in a crap job? Struggling to pay bills? Eating too much ramen? Not using your degree at all? I'm an American living and working in china. I recruit degree holders that want to live in china and work. There are plenty of jobs here. And you get a chance to travel the world. [link] [comments]  |
| Teacher Loan Forgiveness: Trying to figure out best route. Posted: 31 Jul 2018 12:53 PM PDT My fiancé and I are trying to figure out the best route to pay back her student loans. She got a job as a English teacher at a Title 1 School. Which loan forgiveness plan would you recommend? I know of the PSLF and TLF. Also would she be considered a highly qualified teacher if she has a degree, certification, graduated summa cum laude, etc? From what I could see it's only STEM and Special Education teachers that seem to qualify. The Loan Amount: 49,000 and Interest Rate: 4.5% Thanks in advance!! [link] [comments]  |
| Overwhelmed post-college graduate trying to understand school loans. Posted: 31 Jul 2018 06:41 PM PDT Alright, so over the course of the last 5-6 years, I've taken out about $30,000 in loans to pay for college. Around $25k of that is federal loans with interest rates varying between 3-5%. The other $5k is a private loan from Wells Fargo, which I was told by a friend that I could consolidate with my federal loans. I'm now finding out that that may not be true, but even if it was then it would raise my interest rate. Anyways, now i'm really confused as to what my plan should be. I'm set to start making my federal loan payments in the next week, but the payment is $250 a month, which is pretty steep. I can afford it for now, but I'm trying to find better options, especially since I'm apparently going to have to pay my private loan as well... I've applied on Sofi, but am waiting to hear back on my application. I have no clue how long that takes. Can I get some solid advice on what a good plan would look like? I will gladly answer any questions. I'm just a little overwhelmed and clueless about almost all of this, so any help would be amazing. [link] [comments]  |
| Have loans consolidated through Navient, but received call from collection agency. Help. Posted: 31 Jul 2018 01:37 PM PDT I have my loans on IBR through Navient and consolidated all my loans last year. Federal loans are $0 balance at the moment, but I just received a call from a collection agency telling me I need to make a payment arrangement. Why? I've been making my regular payments every month. [link] [comments]  |
| Need help deciding!! Undergrad Sophomore(F19) Posted: 31 Jul 2018 10:43 AM PDT So I need some help deciding what I should do about student loans or just college in general. The college I'm attending this fall is roughly 46000 a year and my parents won't help at all, so I'm doing this all on my own. So I need to apply for student loans. All FASFA can give me is two loans worth 5500 which leave me about 38000 left I need to figure out how to pay. FASFA also doesn't give me any other aid since my parents make "too" much money, but can't help. So should I apply for multiple different private loans so I'm not asking one for the full amount or what should I do? Any advice? [link] [comments]  |
| Posted: 31 Jul 2018 12:53 PM PDT Hi, so I'm a Junior in college and I'm gonna keep this short and simple. I lost some grants because I failed a class and it put me to part time. I now need a loan of some kind (stafford loan is maxed out) and my options are a private loan or a parent plus. The only who can take out a parent plus is my mom but she doesn't have credit and we're pretty poor so I don't want her to do that. (I also have no idea how she even got accepted) and then I could do a private loan but I need a cosigner and there's only one person who could but I'm not sure if they will. I have to pay for this fall by the 15th and I'm super stressed by this all. I guess my question is, what can I do at this point? Are there any loans that won't ask for a cosigner at all? The one I applied for was Sallie Mae. [link] [comments]  |
| Switching repayment periods difficulty? Posted: 31 Jul 2018 11:20 AM PDT Hello all, I haven't begun my repayment yet, so this is still a bit confusing to me. If I have only federal Stafford and Grad Plus loans, can I start with a 10-year repayment term, then switch to 20- or 25-year for a couple years, then switch back to 10, etc? Or is this not possible? [link] [comments]  |
| Posted: 31 Jul 2018 07:08 AM PDT |
| Posted: 31 Jul 2018 10:37 AM PDT I have a loan with Navient. I am paying 410 a month. I have been splitting the payment into 2 payments per month. I usually male the first payment of $205 by the due date and the 2nd payment within a week or 10 days of the due date. What would happen if i missed the 2nd payment one month (besides late fees)...basically meaning I only pay half...therefore running consistently half a month behind (hope this makes sense). Will this cause me to default? Kick me out of the IDR? I am struggling to make these payments and may have to only make half each month until the Spring when I get my tax return....thanks for your help [link] [comments]  |
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