Just accepted into graduate school, first payment from undergrad loans is in December. Student Loans |
- Just accepted into graduate school, first payment from undergrad loans is in December.
- Any Parent Plus borrowers out there?
- Good article on what we might expect from a Dem controlled House
- Help with sister medically incapacitated
- Has anyone had their professional licenses revoked because of defaulting on student loans?
- B.C. and Quebec Student Loans
- Chairmen Enzi And Alexander Request Report On Cost Of Student Loan Repayments
- Student relief helpline 1 844-429-9685
- the horror of the student loan bill
- Difference between repayment start date and scheduled begin date?
- With the recent Navient takeover of Earnest, should I run and refinance somewhere else? Currently sitting at 5.48% Fixed with $48k to go.
- Federal Loan for Studying in Mexico?
- Using Loans to subsidize Living Expenses
- Current IBR payments are $0 - If I pay extra, can I demand that it all go toward principal?
- Interest capitalized 7 months after grace period
- Reviewing Loan Offers...
- Can't apply for refinancing a student loan because I live in WV?
- Student Loan
| Just accepted into graduate school, first payment from undergrad loans is in December. Posted: 08 Nov 2018 01:28 AM PST Sorry if this has been answered before, tried searching but had no luck. Is there any way I can try to ask for an extension to my grace/deferment period since I have been accepted into graduate school but classes do not start until July of 2019. Or will I just have to bite the bullet and pay until I'm re-enrolled? I have two private loans (sallie mae, citizens), and federal loans. Thanks in advance. [link] [comments]  |
| Any Parent Plus borrowers out there? Posted: 07 Nov 2018 07:09 PM PST |
| Good article on what we might expect from a Dem controlled House Posted: 07 Nov 2018 05:23 AM PST RIP Prosper Act. Also expect a lot of DeVos inquiries https://www.insidehighered.com/news/2018/11/07/democratic-house-will-trigger-tougher-oversight-devos [link] [comments]  |
| Help with sister medically incapacitated Posted: 07 Nov 2018 06:41 PM PST Hey guys, so my sister recently had a major medical issue (stroke) and will unfortunately be unable to work for a while. Rehab could realistically take a year or more. The big thing I'm worried about is student loans. She's on a payment plan and we've paid off about 2 months since the incident. However this isn't sustainable with her having no job. The big question is, what are our chances of deferment or at minimum forbearance? We have a mix of private and federal loans. Also, do I need any special guardianship/legal status to discuss with federal/private Banks on my sister's behalf? Thanks all [link] [comments]  |
| Has anyone had their professional licenses revoked because of defaulting on student loans? Posted: 07 Nov 2018 11:34 AM PST Hello, My name is Julia and I'm a journalist based in Washington, D.C. I'm working on a story about student debt. I wanted to reach out and see if anyone can connect me with someone who has had their professional licenses revoked after defaulting on their student loans? This can be anyone from a nurse to a teacher to a lawyer. I would appreciate any and all help on reporting on this very important issue. Thanks! [link] [comments]  |
| Posted: 07 Nov 2018 10:22 PM PST I'm about to graduate soon and I'm wondering about how my repayment would work since I've taken student loans from both B.C. and Quebec. Does the NSLSC combine it? Here's to hoping I don't have to do TWO SEPARATE repayments, I mean it's all Canada right? Help help help I'm panicking :))))) [link] [comments]  |
| Chairmen Enzi And Alexander Request Report On Cost Of Student Loan Repayments Posted: 07 Nov 2018 08:31 PM PST 07.19.18 WASHINGTON D.C. - Senate Budget Committee Chairman Mike Enzi (R-WY) and Senate Health, Education, Labor, and Pensions Committee Chairman Lamar Alexander (R-TN) are asking the Congressional Budget Office (CBO) to examine the effects of federal student loan policies on borrowing, loan repayment, cancellation, discharge, and forgiveness. The chairmen are seeking information on income-driven-repayment (IDR) plans. IDR plans allow student borrowers to pay a percentage of their discretionary income every month for a certain number of years, depending on the plan, and then have the remainder of their student loan balances forgiven. Of the $865.3 billion in outstanding principal and interest balances from direct loans and Department of Education-held federal family education loans, $396.5 billion is in IDR plans. 'We are troubled by the financial state of IDR plans,' the senators wrote. 'According to the National Student Loan Data System, student loans in these plans account for 46 percent of all federal student loan dollars in repayment. But these repayment options may not be sustainable.' The senators noted that on January 31, 2018, the Education Department's Office of the Inspector General said decision-makers and others may not be aware of the growth in the participation in these IDR plans and the risk that the federal government may lend more money than is repaid from borrowers. . . . [link] [comments]  |
| Student relief helpline 1 844-429-9685 Posted: 07 Nov 2018 04:40 PM PST Is this legit? The information I saw said that people born before 1997 can get thousands of dollars of student loans erased. After a quick search, I didn't see a website just the phone number. Curious if anyone has tried it. The information I saw said the call and everything was free. Sounds too good to be true. Anyone hear of this or try it? [link] [comments]  |
| the horror of the student loan bill Posted: 07 Nov 2018 02:51 PM PST |
| Difference between repayment start date and scheduled begin date? Posted: 07 Nov 2018 11:00 AM PST I have 4 loans through Navient, of which all have a status of "in grace". For all of the loans, there is a "Repayment Start Date" of 11/08/2018. There is also a "Schedule Begin Date" of 2/07/2019. I'm not sure if this means I need to start making payments now or in February. The "Estimated Payoff Date" and "Schedule End Date" is 12/07/2029. [link] [comments]  |
| Posted: 07 Nov 2018 10:27 AM PST Pretty much as the title states. Should I look elsewhere now? I'm not sure if the rate I have is "good" or not, but it was the best I could get at the time. I'm mostly just worried about Navient as I've heard nothing but bad things about them. [link] [comments]  |
| Federal Loan for Studying in Mexico? Posted: 07 Nov 2018 01:14 PM PST Hello everyone, I am starting medical school in Mexico this January, Universidad Xochicalco to be exact. I was able to get a $15,000 loan from Salliemae. However I have not accepted it yet since the repayment options post school are a little high (at least to me) at $350. The interest rate is 11%. Is there any federal financial aid available that could net me a better interest rate? Thanks in advance! [link] [comments]  |
| Using Loans to subsidize Living Expenses Posted: 07 Nov 2018 12:30 PM PST Background: I'm 23, have decided to go back to college, and have already enrolled in, and am attending, a local community college. The goal is to transfer into a 4 year university (Rutgers). Including this semester, I need an additional 26 credits to get my associates and transfer. I currently work full-time for a major bank and have been finding it increasing difficult to focus all of my energy on my studies. I'm really committed to my studies and have been excelling in all my classes. I want to take on a heavier course-load and speed up my road to graduation. I know that I will need to either resign or apply for a lower level position with my company in order to sustain a heavier course-load. I've calculated that I need at least 800 dollars a month to cover my current obligations. I have zero student loan debt. In addition, I'm fortunate enough to qualify for a 50% discount in commuter tuition from Rutgers because my mother works for another State University (This school did not offer my desired major). This would leave me at about 7k-9k a year in tuition. Would it be wise to take loans for the cost of living in order to subsidize my income and living expenses in order to graduate faster? I'm looking into a degree in health care administration. Have any of you been in a situation like mine? Appreciate your advice/feedback, thank you. [link] [comments]  |
| Current IBR payments are $0 - If I pay extra, can I demand that it all go toward principal? Posted: 07 Nov 2018 11:34 AM PST To preface this, I have done a lot of Googling and the jury seems to be out on this topic. Every other article has a completely different answer. Some say that extra payments are always used toward outstanding interest no matter what, others say that you can write a letter to instruct them where to apply your payments (toward the principal). Wondering if anyone here has real-life experience with this before I call and navigate the abyss of phone prompts and incompetent CSRs at my servicer. I have about 64K+ in federal loans (including current interest). None private. Some graduate, most undergrad. I'm currently a SAHM with a husband who makes enough for us to live comfortably but not enough for us to afford my loan payments. If they factored in his income, we would be on the standard payment and unable to afford our son's tuition, the healthcare plan we need, etc. So we file separately and I'm on IBR with a monthly payment of $0. Sounds nice, but is obviously not ideal cause we pay more in taxes AND that mountain of interest just keeps growing and frankly I'm tired of crying about it on a weekly basis. I'm expecting another baby and there's no way we can afford for me to go to work. I'm thinking of using this opportunity (having $0 payments) to make "extra" payments toward the principal with money from some photography jobs on the side. Does anyone know if (and how) you can get them to apply over-payments to the principal if you have outstanding interest? Could this plan feasibly work to reduce principal? Or am I spinning my wheels? [link] [comments]  |
| Interest capitalized 7 months after grace period Posted: 07 Nov 2018 10:21 AM PST My federal loans are went into payment in March 2018 after a 6 month grace period. At that time, I was told my monthly payment would be $720 to pay off in 120 months. I have been making on-time monthly payments for the past 7 months. I then received my bill for November and all of my monthly minimum payments have increased by a few dollars. I couldn't find any evidence as to why this was. I have not missed any payments(even pay more than what was due a few months) and the interest rate is fixed. I spent 45 minutes on the phone with MyFedLoan before someone was able to tell me "my interest capitalized" and he suspected it was from the grace period. The grace period ended 7 months ago and they just now calculated the interest capitalization?!! This seems bizarre to me. I'm bummed because while it's only about a $10 increase a month, that's a lot of money over 120 months. Also messes up my budget and payment plans. Any thoughts on this? Is this typical for federal loans to be this far behind? [link] [comments]  |
| Posted: 07 Nov 2018 08:33 AM PST Ive been researching plenty of lenders. Almost too many...How should an undergrad student proceed (without a co-signer) on an EFC of zero? My credit is nearing excellent, however, both my parents went through bankruptcy and are on disabled income. What are the possibilities of financing at reasonable interest rates? I will not rush into borrowing [link] [comments]  |
| Can't apply for refinancing a student loan because I live in WV? Posted: 07 Nov 2018 08:29 AM PST So I was looking into refinancing from Earnest and I got to applying at Lendkey. My state (WV) wasn't listed so I gave them a call and they said it is one fo the 5 that are restricted and I can't apply. I tried searching online but came up empty handed. Has anyone heard about this? [link] [comments]  |
| Posted: 07 Nov 2018 08:13 AM PST Hello, Before I begin my rant, I'd like to mention that I have made some mistakes but I have also learned from them. To keep things simple, I have three loans from Discover student loans.
Total ~ 75k Does anyone have any advice? Should I refinance? Should I consolidate them? How should I go about doing this? I will be making 60k in FL right out of college to give you an idea of my financial status. I have a grace period from January to June to figure something out. [link] [comments]  |
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