PSA: Don't forget to look into Loan Repayment Programs Student Loans |
- PSA: Don't forget to look into Loan Repayment Programs
- SOFI settles claim with FTC on inflated borrower savings
- Private Loan Settlement
- How should I begin?
- Student Loan Consolidation and Repayment
- I need someone to explain to me like I’m in preschool this PSLF program.
- Refi vs IBR
- Are community colleges considered public schools?
- loan repayment
- Which loan should I pay off first?
- Worth switching to Great Lakes?
| PSA: Don't forget to look into Loan Repayment Programs Posted: 30 Oct 2018 07:12 AM PDT Different from forgiveness programs, many states and local governments will make payments to your student loans directly if you fit certain criteria and commit to working in underserved communities. Here is an example: http://worh.org/loan-repayment Depending on the state, there are application deadlines, caps on amounts repaid, and ramped schedules. Also some will not allow you to also be on IBR or other repayment or forgiveness programs, so be sure to read the details! [link] [comments]  |
| SOFI settles claim with FTC on inflated borrower savings Posted: 30 Oct 2018 11:15 AM PDT Thought the sub would find this of interest. The lesson here, like for any consumer debt product, is to run your own numbers. https://www.marketwatch.com/story/sofi-settles-with-ftc-over-claims-it-inflated-the-average-amounts-borrowers-would-save-by-refinancing-2018-10-30 [link] [comments]  |
| Posted: 30 Oct 2018 07:10 PM PDT Hey All, A friend of mine has a lot of student loan debt, about 200k spread across 6 loans. Recently she got contacted by a debt collection agency who is offering a settlement for about 30k (15% of the owed amount). Is this normal? It sounds a little too good to be true. What measures can we take to make sure this isn't a scam? Additional context: the loans are all in default and about 15 years old [link] [comments]  |
| Posted: 30 Oct 2018 11:00 AM PDT Long time lurker, first time poster. My grace period ends in November and my loan payments will begin. Current Balance: 138k between undergrad and law school. All federal loans with rates varying between 3.4-7%. Loan service is FedLoan. Wife has no student loans. My current income is 30k a year and my wife makes 55k. We have 35k in savings. I will be sitting for the bar exam in February and will move into an associate position with my current firm upon passing. Income will increase to 55k a year salary + commission. I am unsure which payment plan will be the most beneficial for my situation. I would like to keep the payments low to begin and use any extra income at targeting specific loans. Also, how would filing jointly vs. separately harm/benefit us? Thanks in advance for any advice/tips as I begin the dreaded repayment process. [link] [comments]  |
| Student Loan Consolidation and Repayment Posted: 30 Oct 2018 04:18 PM PDT Hello! I am hoping someone can lend me advice on repayment plan options for my student loans. I have $44,417 in debt in loan amounts as follows: - 5,716 @ 6.8% Unsubsidized Federal Stafford - 5,414 @ 6.8% Unsubsidized Federal Stafford - 2,873 @ 6.8% Direct Unsubsidized - 2,713 @ 6.8% Direct Unsubsidized - 2,549 @ 6.8% Direct Unsubsidized - 3,963 @ 3.8% Direct Unsubsidized - 4,675 @ 4.4% Direct Unsubsidized - 797 @ 3.8% Direct Subsidized - 5,614 @ 3.4% Direct Subsidized - 5,520 @ 3.4% Direct Subsidized - 4,583 @ 4.5% Direct Subsidized I am newly employed and work for a non-profit public hospital - I make 55,000/year. My questions are as follows:
Any advice is greatly appreciated - I am trying to make the most beneficial/intelligent decision possible. Thank you! [link] [comments]  |
| I need someone to explain to me like I’m in preschool this PSLF program. Posted: 30 Oct 2018 09:44 AM PDT Hello! I'm sorry in advance that I've read through a lot of stuff and I'm at a loss. Nelnet are the worst people to talk to about anything and I am having major anxiety. A little about me... I have $79,000 in loans and I am a government employee. I don't see myself leaving the public sector at any point in the next 10 years. I have completed my employment certification form and that went in the mail yesterday. I'm in the process of finishing the income based payment forms with Nelnet. I am married and I filed jointly with my husband last tax season. His income has stayed the same and mine obviously went up since I got a job post-master's program. I have a few questions-
If anyone feels like helping a completely confused individual I would super appreciate it as I keep having literal nightmares that I file for bankruptcy over this shit. Sigh...school blows. Thank you! [link] [comments]  |
| Posted: 30 Oct 2018 03:02 PM PDT Quick question: I have just under $100,000 in federal loans at an average IR if 5.7% (low 5.2% high 6.2%). I have the option to refinance with an IR of 3.75% with autopay. Wondering if I should do that or do an IBR with Great Lakes and pay the ~$700 for my payment and then overpay towards my highest rate. If I refinance, my payments will be $1900+, which I can afford since I live at home. I'd overpay to my highest rate so my total payment is equal to about the $1900+. I can also afford to overpay the refi monthly payment as well. I can likely pay about $3000/mo, either through the refi or keeping it with Great Lakes. [link] [comments]  |
| Are community colleges considered public schools? Posted: 30 Oct 2018 07:56 AM PDT Hi all, I'm just about halfway through my payments for the PSLF which requires me to work at a nonprofit, public school, or other public service employers. I'm looking into apply for a job at a community college but want to confirm that it is considered a public school. I want to say yes since it does receive a portion of the state/local tax earning, but I hate to assume especially when it comes to this. Thanks. [link] [comments]  |
| Posted: 30 Oct 2018 07:31 AM PDT I am currently dumping 2200 per month into my student loans, they are on a income based repayments and my current payment is zero. I noticed that once a quarter it shows the government paying the interest. I was curious if I waited until right after uncle sam made the interest payments and then applied 8800 against the loan would that put more to prinicple? As of now i see most go to the loan and 50-60 go to interest. [link] [comments]  |
| Which loan should I pay off first? Posted: 29 Oct 2018 09:14 PM PDT My car loan is $20,000 at 0.90% interest, but my student loan is $70,000 at 5.04% interest. Both loans are fixed interest. At the rate I pay I would have my car paid off in 4 years, while my student loan would be at 6.5 years. [link] [comments]  |
| Worth switching to Great Lakes? Posted: 29 Oct 2018 10:41 PM PDT Hi all, I'm going to be consolidating new graduate loans with old consolidated student loans. The new consolidation will give me a chance to choose my loan servicer. I was thinking about choosing Great Lakes, but honestly, I haven't had any major problems with Navient, and they are the Devil I Know. Is it worth switching to Great Lakes, in terms of service, website, etc.? I'd like to hear particularly from anyone who has switched from Navient to Great Lakes. I have a few concerns about Great Lakes:
Thanks a lot for any insights! [link] [comments]  |
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