Sooo, October 31st has come and gone... Student Loans |
- Sooo, October 31st has come and gone...
- Received a letter telling me that my Perkins loan was paid in full - I know I haven't paid it in full
- Student Loan Recipient Survey
- Aggressive payoff. IBR vs Standard strategy
- Navient is saying my grace period ends this month but that I dont owe them an actual payment until January1st? and PSLF question
- How should I pay back my loans: 4 private and 8 federal
- Help with applying for PSLF while waiting on Borrower's Defense.
- PSLF: FedLoan calculating qualifying payments
- TEPSLF insanity
- PSLF Questions
- Starting nursing program
- Can't Rehab My Federal Loan Because I Earn Too Much
- Not sure who to go with
- Can Navient demand my cosigner pay for loans she did not cosign? (usa)
- Navient Student Loans Here..Please help! Autopay & Overpayment
- Looking for Data on Student Loan Recipients
| Sooo, October 31st has come and gone... Posted: 01 Nov 2018 02:11 PM PDT ...yet although I received my "YOU ARE BEING CONSIDERED FOR TEMPORARY EXPANDED PSLF" email a full 10 weeks prior to August 28th—and although my case was provisionally approved by PHEAA and forwarded to FSA more than six weeks ago—I still have not heard a peep, and my outstanding loan balance remains ever-present on MyFedLoan.org. And per this thread, it's clear that I am but one of many anxious borrowers in the same boat. So what's the deal, FSA?? I understand that shit happens, but could we at least get an updated timeline or something? Get it together, Betsy! (DeVos I mean, not /u/Betsy514.) /rant [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 01 Nov 2018 07:35 PM PDT Hello all, I received a letter today from my school letting me know that my Perkins loan (12,000) has been paid in full. I contacted family members and none have any idea what this is about. I've only just graduated last year and I've been making minimum monthly payments of about 200 since this summer to my loan servicer that consolidated my loans. I know I haven't paid 12,000. Is this something I should contact my school about? Or my loan servicer? Is there some kind of loan forgiveness for this that I was unaware of? Did I just randomly get extremely lucky? I hope this question doesn't come across as ignorant but I just have no idea what action I should be taking or if I even need to take any action at all. I'd hate for there to be a mistake on my account that bites me in the ass down the road. Thanks in advance! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 02 Nov 2018 01:40 AM PDT Hello all, this is a follow-up to my earlier post asking if anyone was aware of existing survey data on student loan recipients. I went ahead and created my own google survey. I know it may be a lot to ask, but I would definitely appreciate any and all responses! I'll be using the responses to test out the tool I'm working on that I hope can be used to help students make more informed decisions regarding student loans. Once the tool is a bit more workable, I'll be sure to share it with the community. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Aggressive payoff. IBR vs Standard strategy Posted: 01 Nov 2018 06:38 PM PDT My partner and I are trying to pay off our student loans as quickly as possible and need some advice on how to attack this. The numbers:
The current plan of attack:
Option:
The reason we want to attack the smaller loans first is that would lower our monthly payments by around 250 per month after they are knocked out. We just want to build in some extra flexibility to our finances (we have an emergency fund already). Is there any reason to not to go down the IBR path? I think this would allow us to save money in the long run by knocking out the higher interest rate loans faster. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 01 Nov 2018 05:24 PM PDT I called Navient to ask when my grace period ends and they told me it ends Nov. 25th. However, she told me I dont owe them a payment until January. When I asked why she said "oh just to give you more time" has this happened to anyone else?? it sounds fishy to me but.... not sure. i have all federal loans and finished school May 25th. Also thinking of doing PSLF... will not making payments until January affect this? I currently make 52k gross income in a public service job and i owe 60k approx. is it worth me consolodating and doing IBR without submitting the employer form so i stay with navient instead of fedloan? ive heard horrible things about fedloan and just a little anxious about this whole thing... any advice is greatly appreciated [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| How should I pay back my loans: 4 private and 8 federal Posted: 01 Nov 2018 02:57 PM PDT Hi all, I'd really appreciate some advice on how to pay my student loans. I have 4 private and 8 federal. Here are the loans I have: Private
Federal/Public
I have allocated $1,000 a month for these loans. Should I focus on finishing my private loans first since they have the highest interest? If so, how do I calculate the minimum payment I can make on my federal loans? I would like to do the avalanche method and attack the highest interest first. Any help is really appreciated. My first payment is coming up in a few days! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Help with applying for PSLF while waiting on Borrower's Defense. Posted: 01 Nov 2018 08:44 AM PDT So I'm in a rather unusual situation regarding my student loans. I'm starting up a job next month at a government entity that would qualify me for PSLF. The issue is that I had applied about a year ago for Borrower's Defense because I went to a DeVry during the years they admitted, to the FCC, to using fraudulent recruiting tactics. As of now, as we know, the Borrower's Defense program is finally active and now I'm in deferment until their decision is made. Does anyone have an idea of where I could find some information regarding my payments being in deferment because Borrower's Defense and how that would impact my PSLF if they say that my DeVry debts are forgiven? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PSLF: FedLoan calculating qualifying payments Posted: 01 Nov 2018 01:40 PM PDT I submitted my first employment certification about one year ago and my loans were transferred to FedLoan in January 2018. My qualifying payments have still not been calculated. I have a substantial amount and number loans. I have contacted them multiple times about it and they keep telling me it's taking extra time due to my number of loans. Has it taken 10+ months for others? When should I expect it to be calculated? I am not eligible for PSLF for another 7.5 years or so anyway. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 01 Nov 2018 05:21 PM PDT I am about ready to lose my marbles (to say this politely). I am so sick of this backwards way of dealing with poor recordkeeping that takes one back to the 1900s and even that I am sure is better than this. I am tired of being giving inaccurate, inconsistent information and perhaps being outright lied to. These are people's lives that are being screwed with..... Now that I have vented... I applied for TEPSLF consideration back in June after filing a forgiveness form and being rejected. I also asked for a list of the payments by month and date that my over 100 PSLF qualifying payments were made in. Asking for that turned out to be a big mistake. My payment count was put in a special review and my count went down from well over 100 to 70 something..it went down by the number of qualifying payments made to the previous servicer.... It's been 4 months now but I am told it can take up to a year to fix. On August 29, I received notification that my loan was not eligible for TEPSLF because it had not been in repayment for 10 years. That was not true on Aug 29 but I leaned tonight that they were using the PSLF application from June when that was true. So technically, because I hadn't filed a new PSLF forgiveness form in August, I got kicked out of line. I had only done new cert forms keeping my qualifying payments number up to date. In October, I did a new PSLF application form and will be doing one each and every month going forward. Earlier this month, I called Fedloan's Internal Ombudsman asking for assurance that the audit going in won't keep me from being considered now for TEPSLF. I was told by a return phone call later that my loan was processed by FedLoan for TEPSLF and sent over to the Education Department for the final step and it would take 60 to 120 days. So wonderful right? Well, not so fast.... Yesterday, I noticed that the Education Department's Student Loan database shows only 6 PSLF qualifying payments and only 3 matched payments. The total payments also only includes the payments made to FedLoan and not my prior servicer. I called FedLoan to find out what was going on with this and was told they periodically update that system but there was no explanation as to why mine only shows 6 payments when there should be over 100..close to 110 actually. During that same call, I leaned that my loans are still being reviewed by FedLoan and haven't been sent to the Education Department. Additionally, my place is line is calculated as of early October and it takes 60 to 120 days for FedLoan to finish it's review and then it goes to the Education Dept and there is no estimate for how long that will take from there. They also see the October 31 date for the people notified before September as Fedloan's date and not the entire processing date. All that said, I don't know what is true about what I have been told and what isn't. All I know is that there is no transparency as to what my rights are, what the process is, when I might hear a decision, etc. And this is so very wrong. I fear this is a plot to string this out until I have made 120 regular PSLF payments and they can process me under that and screw me as to relief under this program. It may be telling that you have to be processed for normal PSLF first.... Because then you would get that forgiveness and quite possibly no refund for the payments you made over and above what would have been made under TEPSLF. Just my theory though.... [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 01 Nov 2018 02:11 PM PDT I am seriously considering going back to college to pursue a masters degree. I submitted a PSLF ECF form for my current employer (organization B), which is a state government agency I have been employed at for over 3 years, and it was approved. I submitted an ECF for my previous employer (organization A), who employed me directly out of college for 2.5 to 3 years. Organization A is the administrative/IT division for a elderly care corporation.
Thanks in advance for the help! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 01 Nov 2018 09:49 AM PDT I'm starting nursing program in January 2019. It's a 20 month program and costs around 65,000. Im approved for financial aid but know I will have to take out a loan to cover the cost of the rest. Does anyone know if I'd be able to take out extra to pay off credit card debt of around 14,000? I'm a single mother and work full time but I'm hoping if I can pay off the extra debt I might be able to cut down my work days so I can focus more on school and at least have some time for my son. As of right now money is tight and I'm pretty much paycheck to paycheck and trying to find another option has been impossible. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Can't Rehab My Federal Loan Because I Earn Too Much Posted: 01 Nov 2018 01:12 PM PDT I've got this super small loan ($2,500) reporting that it's in default on my credit report. I read on the DoE website that doing a rehab on this loan would delete the default status from the report, so I called the collection company to set it up. I was informed that I don't qualify for rehab due to me earning too much money. My loan would be paid off before finishing the required 9 payments. I was then given a settlement offer ($1,900). I was told that it would be reported as paid in full on my report and that it would not be in default status. My credit is in pretty good shape right now with the exception of this one collection. It's my understanding that when I settle this debt, the fact that I defaulted will show up for 7 years and then fall off. I don't feel like the person I was speaking with was being forthright about this, or maybe I just misheard her. Maybe if I offer to pay the full amount they'll delete it just like having done the rehab? Have any of you ever successfully settled and had the default status deleted? Also, how did it appear on your credit report and what kind of impact did it have? I just want to clear this up with as little damage to my credit as possible. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 01 Nov 2018 12:45 PM PDT I recently started looking into refinancing my loans to try and consolidate payments but mostly to get a lower rate overall. I looked at ELFI, commonbond, earnest, and lendkey. All gave pretty comparable rates that are better than what im currently at but after comparing rates im kinda lost as to which to go with. I tried lookimg at thr bbb and that wasnt helpful as it says they are all terrible. Has anyone had any experiences with those lenders or know of a good way to determine which would be a better choice? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Can Navient demand my cosigner pay for loans she did not cosign? (usa) Posted: 31 Oct 2018 09:55 PM PDT
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| Navient Student Loans Here..Please help! Autopay & Overpayment Posted: 01 Nov 2018 06:21 AM PDT Hello, So I basically enrolled into autopay...For some reason I can't find the benefits. The only way I knew I had benefits with the Autopay is when I tried to cancel, it said I would lose my benefits. What are the benefits. Also, for some reason this month, its shows i have a $0.00 balance due and getting a overpayment notification and how I would like to allocate these payments. How did this happen? I would imagine Novemeber is like any other month. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Looking for Data on Student Loan Recipients Posted: 31 Oct 2018 09:13 PM PDT Hello r/StudentLoans community! I'm working on a tool that I hope will allow students to make more informed decisions regarding student loans. This is maybe a long shot, but does anyone know if there is data out there showing individualized student loan cases? For example, Anonymous Person A attended THIS university and accumulated THIS amount of student loan debt. I've found lots of information on averages, but don't have many individual cases to test. Perhaps there is existing survey data out there? Thanks for any and all help you can give! [link] [comments]  |
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