Can we please stop with the debtor blaming in this sub? Student Loans

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• Can we please stop with the debtor blaming in this sub?
• California Regional Centers and PSLF
• Loan Consolidation and Applying for a New Student Loan
• Cancelling loan after accepting it?
• Average interest rate for student loans?
• PSA: how to make an overpayment to Navient without advancing your next due date
• Signed and submitted award letter now not receiving it all?
• ME TOO FOR STUDENT LOAN CONSUMERS
• ME TOO FOR STUDENT LOAN CUNSUMERS
• It's Finally Time to Get started on the PSLF process... But I have many questions

Can we please stop with the debtor blaming in this sub? Posted: 07 Oct 2018 12:02 PM PDT I've seen too many threads of late devolve into debtor blaming. Those who feel compelled to shout "but you signed the note! why can't you be better at life! plz die in a debtors prison lolz" Why are you doing this? Does shaming someone you don't know on the internet make you feel good? In reality, it is just masturbatory and trust me, no student loan borrower gives af that you disapprove. ​ Did we sign a promissory note? Yes, yes we did. Where this blame game stops short is the fucking reality of the student loan industry, with it's litany of shady financial practices committed by student loan servicers, permitted by the government, which keep people drowning in student loan debt for decades. ​ We use this sub to try to get ahead, and outsmart a system which has evolved to keep you in debt. ​ We use this sub to meet and talk to other people who are plagued in their adult lives by a decision we made when we were 18. ​ We cheer on those who have gotten debt fee- those posts make my day! ​ We do not use this sub to be shamed or judged by people who are willfully ignorant to what's going on here. We are trying to survive this giant, complex, corrupt shit storm that has become the US Department of Education. Your comments just add to the misery. Seriously though, who actually seeks out the opportunity to be angry and hurtful towards other people? If that's you, get yourself to a therapist. ​ In summary, if you don't have anything helpful/kind/informative to say about this subject, don't say anything at all. ​ submitted by /u/noodlebucket [link] [comments]

California Regional Centers and PSLF Posted: 07 Oct 2018 09:14 AM PDT I wasn't able to find information by Googling. California has several regional centers, which is a non-profit organization. One of the services they offer is in-home services, which is provided for x hours/week. RCs contract with various professionals to provide these services. I am considering doing this full time. Would my work be eligible for PSLF? If I am a sole proprietor or set up an S Corp, would this change my eligibility? submitted by /u/taut0logist [link] [comments]

Loan Consolidation and Applying for a New Student Loan Posted: 07 Oct 2018 08:55 AM PDT My wife is headed back to school in the spring, and currently has student loan debt from another degree. She has about $32k in debt on her previous loans with the bulk of them under a fixed 10.75% interest rate. This seems extemely high to me, so I would like to consolidate. As someone new to this whole thing, are there resources you would recommend for me to look into? Alot of the consolidation companies out there seem to lack credibility. Starting school in spring, she will need about $28k to complete the program. Should I apply for a loan seperate to her existing student loan debt, or are there companies out there that will consolidate the old loans and provide a new loan? I'm looking for options that provide lowest interest and possibly the easiest way for us to manage all of this. Thanks so much for the advice. submitted by /u/GoRedLegs [link] [comments]

Cancelling loan after accepting it? Posted: 07 Oct 2018 03:54 PM PDT Hi there! I accepted a 2018-2019 Student Loan, and have obviously only used the 2018 portion of it thus far. If I, for example, had enough scholarships next semester to cover ALL of my tuition and fees, would I still be responsible for that half of the loan? I'm happy to provide loan details if relevant. Anything helps! Thanks! submitted by /u/LewHL [link] [comments]

Average interest rate for student loans? Posted: 07 Oct 2018 12:00 PM PDT I've looked around, but can't find an answer, I need to know for a school project. submitted by /u/Signal_Fires [link] [comments]

PSA: how to make an overpayment to Navient without advancing your next due date Posted: 07 Oct 2018 11:52 AM PDT If you're trying to pay off your loans sooner, you don't want your overpayments to push your next billing cycle forward. Navient used to let you choose this option when making a payment, but they've moved it to a profile setting and set the default to push the next due date forward if you make an overpayment. (Because they want you to keep paying forever.) I don't find this change intuitive, so for anyone looking, here's how to change the default and continue paying on your regular schedule after making an overpayment: ​ Go to your Profile. It's the middle button under the Navient logo after you login. Click on "Edit Your Profile ->" underneath the Profile button. Scroll down to Overpayment Directions and click on the pen/paper icon to edit your options. Scroll down to Billing Direction and choose "Yes, Bill me for my full monthly payment." Click on submit to save. On the left nav bar, choose "Make a Payment" and then "Direct an Overpayment". From here you can now make your payment. submitted by /u/gethiepie [link] [comments]

Signed and submitted award letter now not receiving it all? Posted: 07 Oct 2018 07:06 AM PDT I went to speak to my financial aid office and asked about loans I could receive they said I could get the max loan of about 2,100$ federal loan. So I did the paper work to accept it. Then I received my award letter that showed all the financial aid I will be receiving; Pell Grant, Room and board waiver, and the subsidized loan of 2,100$ which as you all know will be split in half for each semester. I accepted it all and signed the letter and returned it back to the financial aid office. But now a few weeks later I checked out my student account and they only are giving be a 790$ loan for the whole school year. This is a shock because I accepted the 2100$ loan and now I'm struggling to pay certain bills that come along with the program I am! ​ My question is can they change my loan without informing me? If I knew I was only getting that little of a loan I think I would've tried to get the money elsewhere. I was banking on receiving at least the minimum of 1500$ for a loan. ​ Also if there is a better subreddit to post this to or if this is this completely wrong one just let me know and I'll post to the appropriate one! submitted by /u/_heartPotatoes [link] [comments]

ME TOO FOR STUDENT LOAN CONSUMERS Posted: 07 Oct 2018 12:48 PM PDT Dear Student Loan Redditors, I have looked at the filing of the attorneys general of California, Pennsylvania, and Illinois. After watching the absolutely corrupt process for the Superior Court nomination I feel there will be no remedy for the common student loan holder. I have filed a claim of damages to Navient and am prepared to take Navient to small claims court. But there is a better way and a way which used in solidarity of a ME TOO movement to take the student loans out of the hands of the loan process or such as Navient and in to the hands of a financial entity such as a credit union. The proposal if 1 or 2 actions combined or just acting on one will crash Navient and the other loans processors. One, is that every loan holder could file a civil suit (small claims suit for about a little over a $100 bucks) using the (for example the California Profession and business codes referenced in the attorney general filing in California against Navient) Navient will not be able to respond to the huge number of lawsuits. That is option 1. The second is for everyone who has a student loan not to make one payment. Say, it is agreed that November 2018 all student loan holders will not make the monthly loan payment. These business's or criminal organizations for a better description, operates on thin financial margins. That will crash the loan processors, the stock will drop and the companies will go out of business. The action will either lead to leverage by the loan consumers which will make the loan processors treat the loan holders with respect and support sustainable practices which encourage contribution in the economy verses being wage/debt slaves to corporations. The beauty is that no one leader can be attacked ...there is no leader...you are all self-determined individuals and all of you are leaders and can act. With Elisabeth Warren an option where the stocks tank is to have a "credit union" type organization which is community based would buy out the stocks and make the loan servicing a community sustainable entity and process. YOU ALL WITTENESS THE COURRUPTION FIRST HAND ON NATIONAL MEDIA WITH THE SUPREME COURT NOMINATION. THIS STRUCTURE NEEDS TO FAIL AND DEMOCRACY MUST PREVAIL. ACTING INDIVIDUALLY AND IN SOLIDARITY CAN CHANGE THE SYSTEM. submitted by /u/Holt10000 [link] [comments]

ME TOO FOR STUDENT LOAN CUNSUMERS Posted: 07 Oct 2018 11:53 AM PDT Dear Student Loan Redditors, I have looked at the filing of the attorneys general of California, Pennsylvania, and Illinois. After watching the absolutely corrupt process for the Superior court nomination I feel there will be no remedy for the common student loan holder. I have filed a claim of damages to Navient and am prepared to take Navient to court. But there is a better way and a way which used the solidarity of a ME TOO movement to take the student loans out of the hand of the loan process or such as Navient. The proposal if 1 0r 2 actions combined or just one will crash Navient and the other loans processors. One, is that every loan holder could file a civil suit (small claims suit about $100 bucks)using the (for example the California Profession and business code referenced in the attorney general filing in California) Navient will not be able to respond to the huge number of lawsuits. That is option 1. The second is for everyone who has a loan not to make one payment. Say, it is agreed that November 2018 all student loan holders will not make the monthly loan payment. These business or criminal organization for a better description operates on thin financial margins. That will crash the loan processor, the stock will drop and the companies will go out of business. The action will either lead to leverage by the loan consumers which will make the loan processors treat the loan holders with respect and support sustainable practices which encourage contribution in the economy verses being wage/debt slaves to corporations. The beauty is that no one leader can be attacked ...you are all self-determined individuals and all of you are leaders and can act. With Elisabeth Warren an option where the stocks tank is to have a "credit union" type organization which is community based would buy out stocks and make the loan servicing a community sustainable entity and process. YOU ALL WITTENESS THE COURRUPTION FIRST HAND ON NATIONAL MEDIA WITH THE SUPREME COURT NOMINATION. THIS STRUCTURE NEEDS TO FAIL AND DEMOCRACY MUST PREVAIL. ACTING INDIVIDUALLY AND IN SOLIDARITY CAN CHANGE THE SYSTEM. submitted by /u/Holt10000 [link] [comments]

It's Finally Time to Get started on the PSLF process... But I have many questions Posted: 06 Oct 2018 10:59 AM PDT Hello! I finished all my schooling a few years ago, but a family situation caused money to be tighter than normal and had to use forbearance. So now , it's time now that I get started on this. I'm sure this sub gets asked these questions all of the time. But doing research on this stuff, it seems like there are so many different websites that give sort of the same information, and may even allow you to perform the same action. It's a little bit confusing and makes me uncomfortable, like I'll make a mistake by picking one or the other. I apologize if these questions are a redundant, but I'm just a little overwhelmed with information, especially when it seems some resources could be out-of-date. I appreciate any help you guys could provide! Anyways, I'm fairly certain I'll qualify for PSLF because I work for a government organization. My current student loan situation is as follows: Have both Direct and FFEL loans Direct Sub/Unsub Stafford loans from 2010-2014 FFEL Sub/Unsub Stafford loans from 2005-2010 2 Loan Servicers AES has all FFEL Fedloan has FFEL and Direct It looks like this will really be broken up into three main processes/steps, where I first consolidate into Direct loans, then start making payments under an Income-Driven Repayment Plan, and then apply for PSLF once I reach the 120 qualified payments. I have some questions about each step. ​ Consolidation Questions It like I can consolidate all of these into Direct Loans? It looks like I have the option to do this at studentloans.gov? But there is also the option to do this on AES and Fedloan? What's the difference? What are the downsides of consolidating the FFEL to Direct? It seems to me like there is no downside to consolidating to Direct, so why would anyone NOT want to do that? How long does consolidation typically take? And will I be required to make payments during this time? Income Driven Repayment Will I be eligible for REPAYE if I consolidate? It seems like https://studentaid.ed.gov/sa/repay-loans/understand/plans/income-driven#repaye indicates anyone is eligible for REPAYE as long as your loans are eligible (including properly consolidated loans). If this is true, why would anyone do any of the other repayment plans? For example, payments are 15% of discretionary income under IBR if you're not a new borrow after July 1, 2014. It seems REPAYE is the most advantageous repayment plan for everybody who qualifies for Income Driven Repayment. Do you have to apply for Income Driven Repayment? How? When should you do it? After your loans are consolidated or can you do it before? PSLF When should I submit the ECF form? The form has Fedloan on it, but I also have AES – I'm assuming that once the loans have been consolidated, I will only have one servicer? submitted by /u/bitoverwhelmed [link] [comments]

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