I was expecting confetti to fall from the sky Student Loans |
- I was expecting confetti to fall from the sky
- This might be a dumb question. Do fafsa student loans go straight to you?
- Income Based Repayment plan lapsed - now out $3,000
- TEPSLF- Qualifying Rules Changed
- Need to find private loans for an international school
- Navient Death Discharge
- Should I take a private student loan? What other options do I have?
- How to use lump sum against loans
- Student Loan Payment
- Existing students..please read. School accounts vulnerable to phishing attacks.
- Should I refinance or keep my loans the way they are?
- Question about PSLF and interest
- Help with Parent Plus loan!
- Have Sallie Mae loans but still in school what should I do.
- How long might a repayment plan request take to process?
| I was expecting confetti to fall from the sky Posted: 31 Aug 2018 09:16 PM PDT About a week ago, I made my final student loan payment! To FINALLY be debt free takes an enormous weight off my shoulders. With how good it felt to make the final payment, I was expecting confetti to fall from the sky, but since nothing happened but my bank account instantly emptied, I just wanted to share it on here. There is light at the end of the tunnel! [link] [comments]  |
| This might be a dumb question. Do fafsa student loans go straight to you? Posted: 31 Aug 2018 04:33 PM PDT I will need a small loan to cover the income I would be making for my family in order to go to school for a year. We need the student loans to come to us. Not the school. Is that how it works? [link] [comments]  |
| Income Based Repayment plan lapsed - now out $3,000 Posted: 31 Aug 2018 11:02 AM PDT I currently have a large amount of student loan debt from medical school that I am (was) paying on via IBR plan. This week I saw that my auto-draft payment jumped from $50 to $3,000 - which is way, way more than I can afford to have pulled from my savings on my salary. It seems that I missed the deadline to renew/recertify my IBR plan and so the loan company refuses to refund the amount. (Apparently they notified me only by their online correspondence area of their website, and I didn't get an email saying it was due to expire). I talked to my bank who say they'll dispute the charge, but I feel like they'll eventually side with the lendor. I've now resubmitted the form for IBR, but am I completely out this $3,000 this month? The whole point of signing up for the payment plan in the first place was my income was very tight. [link] [comments]  |
| TEPSLF- Qualifying Rules Changed Posted: 31 Aug 2018 06:15 PM PDT Well , I submitted for PSLF, got rejected because I didn't have Direct Student Loans. I sent in email for TEPSLF because I had standard consolidated student loans, which in the original description was the whole point of TEPSLF. It was for those people that only got rejected due to loan type, but met all other criteria. Well, I got an email today saying my TEPSLF is rejected due to not having Direct Loans... I am at a complete loss. What was this program for to begin with. Well I go to the student aid.gov website to review the instructions and qualifying criteria and boom... it's now been updated and changed... unbelievable!!! New Requirements! See below: ...made 120 qualifying payments under the new requirements for TEPSLF while working full-time for your qualifying employer or employers. Note: At a minimum, a qualifying monthly payment is a payment that you made after Oct. 1, 2007; for the full amount due as shown on your bill; no later than 15 days after your due date; and while employed full-time by a qualifying employer. Only Direct Loans—one type of federal student loan—are eligible for the TEPSLF opportunity. However, neither defaulted Direct Loans nor Direct PLUS Loans made to you as a parent borrower are eligible for forgiveness under TEPSLF. Borrowers who have only Federal Family Education Loan (FFEL) Program, Federal Perkins Loan (Perkins Loan) Program, nonfederal, and/or private loans are not eligible for the TEPSLF opportunity. [link] [comments]  |
| Need to find private loans for an international school Posted: 31 Aug 2018 09:30 PM PDT I'm an American in Taiwan, looking to attend a graduate program here. Problem is, I can't use Fafsa loans and private student loans I've seen don't allow you to use them for any school of your choice. I considered getting a normal personal loan but it looks like my bank (Wells Fargo) also makes you agree not to use that kind of loan for higher education. They have a separate application for student loans but the schools here aren't eligible. I can get a work permit and earn plenty of money as an ESL teacher alongside my schooling so I'm not worried about paying the loan back at all. I really only need it for the first semester while I'm starting out. Tuition and cost of living are low enough that I'd only need like $7000 USD. Anyone have any ideas? [link] [comments]  |
| Posted: 31 Aug 2018 08:40 AM PDT I have an old student loan from the 90's that was consolidated from Student Loan Corporation and then Navient took over. Because of my financial situation it has ballooned from 50K-80K over the course of 20 years. I believe that I initially co-signed the government loan but when it consolidated with SLC they wouldn't let me co-sign at all because of my credit. The current loan with Navient is only under my father who is doing very badly and now moving to hospice. What is the possibility of a discharge or will they go after my father's life insurance going to my mother (they live in AZ). [link] [comments]  |
| Should I take a private student loan? What other options do I have? Posted: 31 Aug 2018 12:08 PM PDT So I am going into my final year of college(in-state and I commute to school), but I have a financial hold of about $9000 at the moment. I am unable to complete registration and attend my classes until the hold is paid in full. I am expecting to receive financial aid for the coming academic year, but I can't see that until I pay my hold off first. Earlier in college I had taken a loan of around $5000 from Sallie Mae. Should I take out a private loan for my financial hold? Do I have any better option? I know that private loans can suck. I appreciate any advice and any recommended places to ask for a loan. [link] [comments]  |
| How to use lump sum against loans Posted: 31 Aug 2018 05:43 PM PDT Hi all, I've received $8k from an inheritance. I would like to apply it to my loans, but I have a lot of variables right now. I'm currently in grad school, so my undergrad degrees are in deferment. ( I haven't been making regular payments, but bigger payments quarterly/semi-annually for the past 2 years). I graduate in May, so my loans will go back into repayment August 2019. In addition to my inheritance, I'm hoping to get another lump sum of $4k-$5k from my employer for tuition reimbursement, but unfortunately, I don't know that exact amount for a few weeks and it may end up being a smaller amount than I'm hoping. Undergrad Total: $7565 ($6044 are subsidized, $1561 unsub; I have one loan with 3.6% and 5.5%, but the other four are 6%-6.8%) Grad Total: $36,143 (5%, 5%, 6% for three unsub loans) I'm looking for input into where to dump my money. My initial thought was the total undergrad amount. However, I'm not actively accruing interest on the subsidized loans while in deferment; additionally, after the deferment period is over, myfedloans lists a 9 month forbearance period (I thought this was strange). Now I'm thinking that I should start knocking down my grad school total (and the $1500 unsubsidized from undergrad because why not?). I'm fine hanging on to some undergrad loans if it means losing less money in the long term. TIA! [link] [comments]  |
| Posted: 31 Aug 2018 04:31 PM PDT I have money saved up ($20,000) that I would like to pay towards one of my 7 federal student loans. I have 2 with the highest interest rate of 6.96% with amount of $28,000 and $21,500. Which would you recommend paying off first? The loan of $28,000 I have the longest from 2014 vs. the $21,500 I took out in 2015. Was wondering if there is a difference in which I pay off first. Thank you! [link] [comments]  |
| Existing students..please read. School accounts vulnerable to phishing attacks. Posted: 31 Aug 2018 03:39 PM PDT The Department of Education just issued this notice to schools. https://ifap.ed.gov//eannouncements/083118ActivePhishingCampaignTargetStudentEmailAccount.html [link] [comments]  |
| Should I refinance or keep my loans the way they are? Posted: 31 Aug 2018 01:36 PM PDT Here is the pickle I am currently in: $4,909.55 x 8.125% $7, 493.32 x 8.375% $22,269.21 x 9.875% $34,120.68 x 5.125% $34, 323.27 x 8.375% $35,496.94 x 9.375% $37,523.05 x 9.375% I just started a new full time job that makes 60k and I am also working on getting another job on the side. After budgeting, I think I can add a little more to the minimum payment ($1869). I'm cutting back everywhere to make this happen. After looking at unbury.us, if I choose to not refinance, I can contribute $2000 each month and I'll get out of debt in 2029. I'm trying to do a lot of research, but I honestly have no idea which avenue is better for my future: refinance or find a way to pay $2000 a month for the next 11 years. Any help will be appreciated. [link] [comments]  |
| Question about PSLF and interest Posted: 31 Aug 2018 06:30 AM PDT So I am in the PSLF program and my income based repayment as of right now is $0 a month. I consolidated my loans and right now I owe about $73,000 with 5% interest. So it accrues about $10/day. (73,000/.05 x 365) Even though my payments are $0, I've been paying about $300 each month to keep my interest down and make a small dent in my principle. My co worker said I shouldn't be doing this because my interest will be forgiven after my 120th payment. Should I not be paying my interest? Or should I keep making the payments so it doesn't accrue a bunch before I have to start making payments more than $0? [link] [comments]  |
| Posted: 31 Aug 2018 08:02 AM PDT Hello! We recently moved so that my girlfriend could attend a new school. We had some issues with some IRS paperwork and had a lot of delays getting her FAFSA to the school. However, in order to cover the remaining $10,000, a federal loan is required. Her mother has elected to not sign for any loans, and from what I can see, the only federal loans that my girlfriend has been approved for is the parent plus loan and the grad plus loan (she is not a graduate student). Unfortunately, payment due dates are coming up fast (Sept. 9) and I honestly feel like I've run out of options for her. Her mother made no indication that she would be uncomfortable borrowing for her daughter (she has also refused to cosign a private loan). Any ideas would be a big help. [link] [comments]  |
| Have Sallie Mae loans but still in school what should I do. Posted: 31 Aug 2018 02:33 AM PDT So I have 28,000 debt in Sallie Mae loans with 8.5 to 9.5 rates. Im still finishing my bachelors. I work and make less than 30,000 a year. Should I start paying off more money to my monthly rates? I am mandated to pay 250 every month. Or should I try to refinance the loans? Is there any way to defer sallie mae loan? [link] [comments]  |
| How long might a repayment plan request take to process? Posted: 30 Aug 2018 05:31 PM PDT My dad took out a parent PLUS loan under his name this year from Edfinancial Services. Does anyone know how long a repayment plan request would take to process with them? [link] [comments]  |
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