Today I am DONE with Navient!! Student Loans |
- Today I am DONE with Navient!!
- First loan paid off
- ECSI applied my payment wrong! This company needs to get shut down.
- I’m trying to find a suitable student loan, can someone point me into the right direction
- Auto-Pay USA student loans overseas? (MyGreatLakes)
- Deferment through Masters (Nelnet)
- Will a federal student loan cover the entirety of my bachelors degree and the housing/food/materials I'll need while attending school?
- Finally paid off $80k in student loans
- Refund & exit counseling?
- What’s the best and fastest way to pay off student loans? (If you paid them off or paying currently)
- Drowning due to default, with bricks tied to my legs and no life jacket.
- Pay off aggressively or wait for forgiveness?
- Refinancing My Navient Loan with Earnest
| Today I am DONE with Navient!! Posted: 05 Sep 2018 11:18 AM PDT $24,221 paid off in 18 months!! I just feel so amazing and had to share somewhere. YAY. [link] [comments]  |
| Posted: 05 Sep 2018 08:34 AM PDT I just paid off my first of 5 school loans. Borrowed the federal max each year, with interest it ended up being ~$29,500. Graduated in May, started working in June. I'm paying them down very aggressively. This morning, logged into Nelnet and saw that my payment finally posted, so my loan from freshman year has been completely paid off. $6,500 down, $23,000 left to go. [link] [comments]  |
| ECSI applied my payment wrong! This company needs to get shut down. Posted: 05 Sep 2018 09:42 PM PDT I HATE this company - like seriously HATE. They have the worst website EVER. It's stuck in like the 1980s and never works correctly. It all pisses me off so much that I've decided to pay the loans off as soon as possible, so that I give them as little interest as possible going forward. So, to start I decided to payoff 2 of my 3 loans. I called their customer service to setup the payments, and once I finally reached someone they told me to just change my monthly payment online for the loans I wanted to payoff. So, using their terrible, terrible website, I did just that. I checked the account today, and notice they applied a large portion of the payment to a loan I didn't even choose! WTF is going on? Is there anything I can even do? I'm going to try and call tomorrow, but I'm sure that won't get me anywhere. Here's a screenshot of my account payments: https://i.imgur.com/n1BjrlJ.png On the bottom in red, you can see what I put for the monthly payments, and which loans I assigned the payments too. Then on the top in red, you can see how they applied the payments! WTF?! In the end I suppose it doesn't matter because they are all 5% interest, but I mean come on. I hope this company burns to the ground. As a side note, look how confusing their damn payment setup screen is: https://i.imgur.com/4FwiuDD.png It's unreal. [link] [comments]  |
| I’m trying to find a suitable student loan, can someone point me into the right direction Posted: 05 Sep 2018 11:40 PM PDT I finally received my FAFSA this week after there was a screwup with the forms, and I didn't get what I was expecting. I need 2,500 this semester and next semester, and I don't know where I can turn. I'm 19 and I'm a sophomore in college. I've applied for loans through Discovery and Sallie Mae, but my mom lost her job for several months before getting another one and it messed with her credit score. I don't have any credit,I've never had a credit card or anything like that. Does anyone know of any place that could approve me for a loan. I read in NerdWallet that there are some places, but I'll have a higher interest rate, but they don't name any places. If anyone knows any please let me know. My school has given me till Monday 4:30pm to come up with it. I've tried my bank but couldn't get approved, and my mom isn't credit worthy, and I have no other living relative old enough to be a co-signer. If anyone can tell me where to look and apply or anything I'd greatly appreciate it. I've done everything short of falling to tears in the financial aid office lol. [link] [comments]  |
| Auto-Pay USA student loans overseas? (MyGreatLakes) Posted: 05 Sep 2018 07:25 PM PDT It's time for me to start paying down my student loans and I'm at a loss of how to proceed. I haven't been back in the States in many years, and don't have a bank account back home anymore, as I've set up shop in Australia permanently. What's the best way to proceed? My Great Lakes seems to only want a routing number from a U.S. banking institution. Thanks! [link] [comments]  |
| Deferment through Masters (Nelnet) Posted: 05 Sep 2018 07:36 PM PDT I've noticed that my deferment status has been extended now that I have began a Master's program, fortunately my Master's is being paid for by work. My question is, should I be avalanching my unsubsidized loans and get through those first before touching my subsidized loans? Do I still have a minimum monthly payment on my subsidized loans? [link] [comments]  |
| Posted: 05 Sep 2018 01:14 PM PDT I'm looking to attend SCAD as an out-of-state student. My parents aren't willing to co-sign for a private student loan. Will the federal student loan cover everything? If not, is there anything else I can do to still attend? Cheers! :) [link] [comments]  |
| Finally paid off $80k in student loans Posted: 05 Sep 2018 10:23 AM PDT I finally finished paying off my student loans today, twenty years after signing my first promissory note. I borrowed right around $80k total (half federal, half private), but I've ended up paying back approximately $115k, with capitalized interest. I was not able to live with my parents while paying the loans off, and I have been single the entire time. I majored in Social Work, but over the years I realized that the reality was a job in that field wasn't going to be enough to deal with the student loan debt. My first job out of college was working in the mail room of an insurance company. There were some entitlement issues from a college-educated 22 year old, but I quickly learned that you need to do what you need to do to get by, and that work ethic and attitude usually matter a whole lot more than a piece of paper. I was paid $7.69 per hour at that first job, so there wasn't much I could do at that point to service my loans; I gladly took the available forbearance periods. Based on that first job, I was able to get a job the following year in the mail room of a large insurance company. After a year or so of that, I was promoted to a claims adjuster, and I have been doing that for the past fifteen years. I buried my head in the sand for the first several years out of college, but I finally got serious about getting the loans paid off. To do that, I worked several part-time jobs on top of my full-time insurance job. The part time jobs were mostly retail or office cleaning (one cleaning job was in the same office complex as my full time job. I'd change into jeans and a grubby T-Shirt and be scrubbing toilets twenty minutes after leaving my desk). One thing I did that I realize many people can't do, is that I was willing to move at a few weeks notice if I was able to secure a promotion with my company. In ten years, I moved out of state seven times because I was offered promotions with increasing responsibilities and pay. In order to do this, I had to stay very flexible. I almost never signed a lease; it was better for me to rent a furnished room from somebody off of Craigslist. That way, I was able to move if the opportunity presented itself, and I didn't have to worry about moving furniture etc.; just whatever would fit in my car. Something else that I really benefitted from was my company's tuition reimbursement plan. Although I was done with college, student loans (federal and private) can be deferred if you are enrolled in college at least half time. Six credit hours (two classes) is considered to be half time. Every semester for several years, I enrolled in two classes through an online Community College. My loans were all deferred and I never received any pushback from the loan companies. I also didn't run into any borrowing caps or limits because I wasn't taking out loans for the classes; I paid up front and my company reimbursed me as long as I got a C or better in the classes. The classes were kind of a pain at times, but I treated it like another part time job and I was able to take some really unique / interesting classes that I never would have considered before. Today my salary is right at the six-figure mark. I know that is a lot of money and it's made it a lot easier to repay the loans, but I wasn't always making that much (not even close to that for a majority of the time I was repaying my loans). If you're looking for a job to help you repay your loans, I would suggest looking into property & casualty insurance. Claims and underwriting are both pretty solid career fields and don't require any specific major to get a job. I've never been without student loan debt in my adult life. I'm very grateful this day has finally come. I know how hard it can be to deal with student loans and I wish you all the best in your own repayment. [link] [comments]  |
| Posted: 05 Sep 2018 06:49 PM PDT Hi! I recently withdrew from my university due to personal reasons, and I've noticed in my student financial aid account, my school had took about ~5000 (combined from my federal pell grant and cal grant A) to pay for the Fall semester tuition. However, I withdrew last week, and school doesn't start until the end of September. So, I wanted to know, are they suppose to keep my cal grant & pell grant or are they suppose to give it back to me? Also, can someone explain to me about exit counseling? Am I suppose to do that now or do I just leave it be ( I do plan to go to CC if that helps)? Thank you! [link] [comments]  |
| What’s the best and fastest way to pay off student loans? (If you paid them off or paying currently) Posted: 05 Sep 2018 01:36 PM PDT I have student loans of about $33k with salliemae (sadly). And they're divided up by how much I borrowed every semester. I'm wondering what the best/fasted way to pay it off would be. My lowest borrowed amount is $2000, then $5000, and so on. So should I just pay off the $2k one first, then the 5k one, and then continue paying it off? [link] [comments]  |
| Drowning due to default, with bricks tied to my legs and no life jacket. Posted: 05 Sep 2018 04:10 PM PDT Been lurking for a while, and I can appreciate the thoughtful advice you all have given each other. I'm posting here because I'm hopeless and helpless. I've defaulted on my Direct Federal Consolidated Loans totaling ~$180,000 (of which ~$35,000 is collection fees). I was irresponsible and ignorant. I acknowledge my wrongdoing and want to make things right. So I'm now entering the loan rehabilitation program. However, the post-rehab payments are going to eat me alive. In order to pay off this debt within 10-12 years, I'll have to pay ~$1600 a month until 2028 to 2030. Much of these payments will be going toward the 6.12% interest, hence my need to pay so much per month, according to amortization schedules. Otherwise, with me being 43 years old, I'll live the rest of my life with my current wage garnishment and reduced Social Security, rendering me unable to retire, ever. Or at least until loan forgiveness after 25 years. I also have to pay child support. That's another $1200 per month. Then I have my regular living expenses--rent, utilities, car insurance, cell phone, groceries, co-pays for several Rxs I have to take for chronic health conditions. My current take-home pay is ~4000. So, basically, that leaves me with less than nothing. I have no credit cards. I've cut off every "frivolous" monthly expense possible--Netflix, Hulu, HBO Now, cable TV. I've shaved my cell phone bill down to the bare minimum plan. I've reduced my car insurance coverage to reduce my monthly premium. I quit taking nonessential Rxs (e.g., allergy meds). My parents have no means to help me. I don't have any wealthy relatives. Besides my ~$7000 car, I own no valuable assets to sell. My boyfriend is innocent in this and has no obligation to help me out of this, although he's doing the little bit that he can (our paychecks are basically the same $ amount). It's MY screw-up, and he has his own bills to pay anyway. He won't marry me until/unless I get this loan paid off because he can't be associated with it. I don't blame him. The 2 biggest bills I have--the student loan and child support--are the 2 things bankruptcy won't cover. I'm getting a second job just to keep afloat, but my increased income can equal increased child support payments, so. I'm bringing my loved ones down on my sinking ship--a burden to them all. I messed up; it's not anyone's fault but my own. But I feel like my life is pretty much over. What can I do? What's the point of anything anymore? Sorry--I'm even a burden to you all by making you read this. I'm just hopeless and don't know where to go or how to regain my will to live. [link] [comments]  |
| Pay off aggressively or wait for forgiveness? Posted: 05 Sep 2018 09:38 AM PDT My current balance is $187,000 with a weighted interest rate of 5.8%. I currently have 12 months of on time payments, my payments until October of 2019 would only be $236 because I have used my tax returns from the my last year of school for my first repayment year, then I only worked half the year after graduation last year so my first 24 months of repayment are quite low. My AGI is $140,000 but my yearly raise is optimistically 2%, conservatively 0%. The studentloanhero calculator helps but isn't perfect because it doesn't take into account the first two years of repayment which are very low payments. My balance and income seem to be in this gray area where there's no clear cut best strategy. Any help would be helpful, thanks! Edit: I'm in PAYE so forgiveness would be after 240 payments [link] [comments]  |
| Refinancing My Navient Loan with Earnest Posted: 05 Sep 2018 04:49 AM PDT Hi everyone, I'm in the process of refinancing a private student loan that's currently with Navient. The amount to be refinanced is $7571 and my Navient interest rate is 12.25%. I'll pay this loan off in December of 2020. The earnest refinance set me at 5.08 for 5 years. My plan is to pay the same amount with Earnest that I have been paying to Navient, so that the loan is paid off around the same time it would have been with Navient, but with way less interest paid. So...now I have a few questions. 1) How do I find out whether or not my Navient Loan has a prepayment penalty? 2) Earnest says it does not have a prepayment penalty, but how would I go about paying an extra $150 or so? 3) What else do I need to consider before following through with the refinance? Thanks in advance! [link] [comments]  |
| You are subscribed to email updates from Advice, articles, and general discussion pertaining to student loans.. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment