My wifes’ loans started at a little over $50,000... Student Loans |
- My wifes’ loans started at a little over $50,000...
- Please help - first time dealing with loans
- Paying for master ( Some Advice Please)
- Dealing with guilt
- I just found out when trying to be a home that I had a 90 day late payment on all of my loans, need help, advise, or any tips will be a huge help.
- Any updates on TEPSLF?
- New Loan
- Clarification on payments starting for Private Loans
- What should I do?
- Help please
- Question about Upfront Rebate
- Heartland payoff too low to process
- Formula for how much I pay towards student loans at the end of the month
- Advice - Filed Taxes Jointly as Married Couple after Using FedLoan Calculator and Now Payments Are Higher Than Expected
- When I go to grad school, do my student loans get lumped in with my undergrad loans or will I have 2 payments? I know every situation is different but I’m wondering what the “norm” is.
| My wifes’ loans started at a little over $50,000... Posted: 04 Sep 2018 07:42 PM PDT |
| Please help - first time dealing with loans Posted: 04 Sep 2018 04:10 PM PDT I'm seriously clueless and would appreciate any advice. I've been awarded loans for college but it's my first year and I'd like to see if I can mange without having to take them out in attempt to minimize my debt. I know it's gonna be really hard but I figured I'd try since I can unfreeze them later if it doesn't work out. What I'm worried about is if I decline these loans, will this affect my aid eligibility for next year for additional loans, grants etc? I don't want to decline them if hurts my aid next year, especially since I'm not sure whether I can even pull off this year without them yet. I know it's a peculiar question, but I'm not really sure what to do. [link] [comments]  |
| Paying for master ( Some Advice Please) Posted: 04 Sep 2018 09:47 PM PDT I am planing to start master program soon. In total the tuition and fees would be 30,000 for 2-3 year program. The whole program is online and worth pursuing since I would have better job options. I don't have any debt currently. I will not be able to work in next 9 months (I am having a baby soon). I am planning to work half way through the program hopefully starting with internship.I wont be able to do any assistantship since I live in CA and the school is in Boston,MA. I am premannet resident of US. However, I am very new to student loan. and I don't want to end up with high interest debt when I graduate. Would be a good idea to get the student loan? Is it doable to pay this loan when I graduate? How would I be able to get that much money in loans? [link] [comments]  |
| Posted: 04 Sep 2018 09:30 PM PDT After 2 years of college I'm finally getting student loans. I feel so guilty like I've failed somehow. Does anyone have any advice dealing with this? [link] [comments]  |
| Posted: 04 Sep 2018 04:55 PM PDT So I thought I always stayed on top of my Student Loans. I would do forbearance and pay back whenever I had a job that I could afford to pay it back. I have been on top of it for the passed couple years and recently it came to my attention that I have had one 90 day late payment on all of my loans. I spoke to FedLoan and they e-mailed me the dispute page and told me to fill it out and return it. My question is have any of you here had any luck disputing a 90 day late payment? What are some tips or advise you can give me in trying to get rid of this? Its really halting my plans on moving forward, any help will be greatly appreciated! thank you! [link] [comments]  |
| Posted: 04 Sep 2018 11:29 AM PDT Does anyone have any updates on their Temporary Expanded PSLF application? I received notification that DofEd was reviewing my application and FedLoan said that could take 120 days. It's been about 90. I was wondering if anyone else had heard anything. [link] [comments]  |
| Posted: 04 Sep 2018 05:19 PM PDT Hi guys! I am new to this forum. I've recently been cut off by my parents and I really would like to continue my education at the private school I currently attend. I don't have much income, but I do graduate at the end of this year. How am I able to get a loan without proof of income, and where? Thank you so much. [link] [comments]  |
| Clarification on payments starting for Private Loans Posted: 04 Sep 2018 11:18 AM PDT So I'm trying to wrap my brain around the loan payments starting. I am graduating in December, and my private student loan company as a repayment "start" date listed for July. I was under the impression that the loans would require repayment starting 30 days after graduation. Will this company find out I have graduated and start payments sooner? Thank you for your time. I try to have a good plan, even if it never works. [link] [comments]  |
| Posted: 04 Sep 2018 02:24 PM PDT I am looking for some opinions on what I should do. I am currently 33 years old and have decided to put off buying a home since I graduated from college, I have also avoided any type of committed relationship to avoid dating expenses and I am also embarrassed of the student debt I have. So I made a bold move, I cleaned my 401k out and took all my free cash on hand and started a business. I realized owning a successful business is the only true way to be financially independent and free long term. But it's a big risk. Fast forward 3 years later after the initial start of my business to now - My business is debt free, I paid myself back all the initial investments. Next I plan to knock out all my debts and I'm wondering if I should hold on to my debt and use some of my free cash to buy a house or knock out all my debt with free cash on hand and not buy a home. Cash I currently have on hand: 30k cash in my personal account 180k cash in my business account (it's an LLC and I will zero the account out at years end or whenever I want) Total cash on hand: 210k I pay myself monthly 2k on top of 180k current cash business cushion. Yes I am a rare one who risked it all and I'm in a okay financial position (I have worked extremely hard, risked it all, went broke and fought my way out). My debts: 7k CC debt 12k left on my car loan 35k in student loans I want to give myself a conservative cushion for personal account and leave a conservative cushion for my business. Do I continue to pay my minimum payments and go buy a home? Or do I hold off a few more years on buying a home and rebuilding my financial cushion while throwing 60k+ cash on hand to knock out all my debt? What should I do? How much cash do I gotta have when it's ok to knock it all out. I have learned cash is king. Maybe I never pay it off, pay the minimum payments, and I always stay cash heavy and go buy a home. What should I do? [link] [comments]  |
| Posted: 04 Sep 2018 02:08 PM PDT Hi i am in the middle of a panic attack and need someone to explain what my options are. I am an undergraduate freshman who has a $1900 bill due tomorrow to the school that i am going to. The only loan i took out was a subsidized one and i thought i had an subsidized federal loan but it never came. I think ill be able to cover the bill tomorrow with money ive saved up but i have no idea what im going to do for the rest of the year. Do i take out a loan with a bank? Do i get my parents involved? Im jsut really all over the place right now and dont know where to turn. This is all just hitting me hard at the moment. If someone could tell me what my best options are, it would be really appreciated. [link] [comments]  |
| Posted: 04 Sep 2018 12:26 PM PDT Understanding that your upfront rebate is equal to half the origination fee how does it show up on your account statements. For example: Let's say you take $1000 and the rebate is $15 does the principle due show up at $985 from the outset, or does it just always show up as $1000. Conversely if the disbursement amount is listed as $1000 does that mean the original loan amount was $1015 Question 2: In this case would your interest be computed off the full $1000 or the $985 I have a large number of loans both grad and undergrad and all my loans show a principle due without rebate having been applied and amounts are consistent with the original notes. Bonus Question about REPAYE: Are the interest subsidies for REPAYE recalculated month to month? In other words if you make an over payment and push the principle down do the update the subsidies applied that month, the following month, or not again until you re-certify? [link] [comments]  |
| Heartland payoff too low to process Posted: 04 Sep 2018 10:07 AM PDT I've been in a hurry to pay off one my loans after it was transferred to garbage Heartland, and I am now at a balance of $0.27 because I couldn't work out the interest ahead of time with Heartland's garbage website. Now I want to just pay that off by scheduling another payment (and avoid the extra fees). As expected, Heartland is garbage: they won't let you process a payment that is larger than the payoff amount ($0.27) and they won't let you process a payment that is too low (less than $1.00). Has anyone been in this situation yet? Are my only options: 1) talk to a human, 2) process a one-time payment with fees that will be 400% higher than my payment, 3) wait for interest to accrue over a dollar (lol). [link] [comments]  |
| Formula for how much I pay towards student loans at the end of the month Posted: 04 Sep 2018 09:26 AM PDT It is pretty simple: Payment = take home pay for the month - 10% of take home pay - how much spent during the month (expenses, entertainment, etc) For example if I took home 2000 for the month, spent 800 on expenses, and 300 on food/entertainment, I would put 700 towards my student loans (2000 - 200 - 800 - 300) at the end of the month. The 10% of take home pay goes into savings for emergency. This is for backup to pay for large payments such as medical bills, dental bills, car repairs, when they pop up. Using this I can dip into my savings for these large payments so I don't get off track paying off the loans. This formula helps keep motivation towards keeping spending down during the month so you can get that satisfaction of a big payment at the end of the month. It can apply to anybody who already has a few months emergency saved up, and no other debt (car, credit card, etc). But can probably be applied to those aspects. [link] [comments]  |
| Posted: 04 Sep 2018 07:35 AM PDT I got married last year and thought I did the responsible thing when filing our taxes in April. I used the FedLoan calculator, looked at our taxes filed separately and together, and thought it was better to file jointly. Apparently I was wrong. He had to recertify his IBR plan and is currently 6 years into the PSLF. His payment went from $150 to $500. We got a quick deferment while they recalculated under REPAYE and now they are saying his payment should be $600. I'm not due for recert until next year. I just don't know what our best route is but it seems like our combined total payment is too high, unless I am looking at the calculations incorrectly. I'm paying $408 a month currently. I owe $82k and he owes $51k. Our combined gross income for 2017 was $97,104. Any advice, or are we screwed for now until I recertify and can hopefully use 2018 taxes if I get them completed quickly enough? His are through FedLoan and mine are through Navient, if that makes a difference. [link] [comments]  |
| Posted: 03 Sep 2018 11:54 AM PDT |
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