Debt Relief Company Head Arrested by FBI Student Loans |
- Debt Relief Company Head Arrested by FBI
- About Half of Income Going Toward Student Loans HELP!
- Need Fafsa but loan is in collections.
- I'm dropping below half-time at my Community College and doing half time at my university. Does this change my out of school date for paying off my Community College loans?
- HELP IBR Interest Capitalization MISTAKE
- In need of desperate advice loan options.
- Should I pay my remaining interest with a Credit Card Balance Transfer?
- What to do when your college isn't recognized by any refi companies?
- Is it just me or is fedloan’s Correspondence confusing?
- I took a small break from college and going back January, but Wells Fargo is hitting me with two loans bills together around $300, I’m currently unable to pay due to living cost, I was wondering what are my option if unable to come up with the full amount.
- My Student Loan Payment us lower this month?
- Private Loan balance shows $0
- Was my application timely ?
- How do I defer loans when my enrollment is split between two schools?
- Does the standard payment according to the 10 year standard repayment plan qualify as a PSLF qualifying payment?
- How do I get a loan with no co-signer and little credit history.
- FAFSA without filing taxes.
- Pay it off at once?
| Debt Relief Company Head Arrested by FBI Posted: 07 Dec 2018 04:39 PM PST This is why we warn folks not to pay for help with their student loans. This guy stole $28 million from struggling borrowers. https://www.sfgate.com/g00/news/bayarea/article/Sonoma-County-Entrepreneur-Accused-Of-Fraud-In-13449133.php?i10c.encReferrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8%3d&i10c.ua=1&i10c.dv=6 [link] [comments]  |
| About Half of Income Going Toward Student Loans HELP! Posted: 07 Dec 2018 05:04 AM PST I make a little over 3k a month and pay just about half of my monthly income on student loans. I have 4 private loans from Wells Fargo with an outstanding principle balance of almost 130k with crazy interest rates, the highest being 10.99%. My parents actually helped and encouraged me to take out these loans when I was going into college. I had no clue what any of it meant at the time but looking back I wish I would've educated myself a little more rather than just taking my parents advice. I pay about $1,300 per month just for these private loans. I also have federal loans with a principal balance plus unpaid interest of 26k with the highest interest rate being a much more reasonable 4.66% and pay a much more manageable $300 per month. This brings us to a total of approximately $1,600 per month. JUST ON STUDENT DEBT! I've looked into consolidating WF loans in hopes of lower interest rates but I've talked to multiple people on the phone from Wells Fargo that say they don't consider any consolidation applications with over 120k of debt. I've been at a loss of what to do and have just been roughing it and dishing out the 1,300 a month but my husband and I just found out we're due to have a baby in July. We're looking into finding a place with cheaper rent and I'm looking at maybe finding a position that pays more which will help save some money but these loans are absolutely killing us. HELP! [link] [comments]  |
| Need Fafsa but loan is in collections. Posted: 07 Dec 2018 11:20 PM PST I got a student loan through Sallie Mae in 2005/2006. Stupidly I didn't pay it (tldr reasons) and it's in collections. It doesn't show up ON my credit report but it affects my score. I had to dig and call multiple times just to find who has it (I moved and misplaced the info lol fml). It's around $17k, no way I could pay it all at once. Anyway... my question is can I get Fafsa if it's in private collections? Or is it still considered default? [link] [comments]  |
| Posted: 07 Dec 2018 01:23 PM PST I have declined the financial aid for 2019 spring at my CC, and will instead accept it at my university. I just completed my exit counseling for my CC loans, but the out of school date has not changed. Will this probably change soon? In March I will petition to graduate from my CC. [link] [comments]  |
| HELP IBR Interest Capitalization MISTAKE Posted: 07 Dec 2018 05:03 PM PST Did I make a fatal mistake? I submitted my IBR Recertification a day late and now I have an "interest capitalization" of over $20,000 (my current loan balance is $250,000... dental school). What have I done? We have been aggressively paying down our loans, or so we thought. Averaging $3000 when my IBR payment is only $1500. We have been Dave Ramsey Debt Snowballing. Now with this capitalization, I feel defeated and just so upset with myself. But no time for emotions, can anything be done to reverse the capitalization if I return to IBR next month? [link] [comments]  |
| In need of desperate advice loan options. Posted: 07 Dec 2018 03:47 PM PST So, a little preface to me begging for assistance. I am a Sophomore in college, with divorced parents (both lower middle class) who live seven states away from one another. My first years tuition was taken care of by Parent PLUS loans ran through my mother, whom i live with. At the beginning of the year when my mother went to apply for the PLUS loans for me this year, she got rejected. For the fall semester, balance due was a tad over eight thousand. I turned to my father to see if he could do the loans in order to help. He also got rejected. Both of them have pretty bad credit, and are unfortunately unable to cosign for me currently. My dad is a contractor, and recently had a pretty big job, which was gonna get him a hefty commission check, that was projected to be around ten grand, but turned out to be roughly seven grand. He was going to pay this semesters tuition in cash with the commission money when he got issued the check (which was this month, next Tuesday to be exact), so we let the late charges stack up. But it turned out to not be enough, since we were banking on 10k and only got 7k. So, 4 months into the semester, I still have the unpaid dues, now up to ~$9,250 (from monthly increases) since i was relying on the cash. The school I attend requires me to have paid the bill before i schedule classes, and scheduling classes is what keeps the housing contract. This happens to be due a week from today at 4:00 pm. If the balance is not paid and classes are not scheduled, my housing contract is terminated and im basically asked to leave just like that (which is understandable- no freeloaders obviously). I have never owned a credit card. I dont think i even have credit. To be completely honest, loans are completely foreign to me as well. I am the first child to have used loans. My parents didn't attend school, so they didn't know too much about them either. So, here I am, a week away from the payment deadline, on the border of staying on campus next semester or getting booted back home. Paired along with the stress and anxiety of five finals, it is not going to well. So my question is- is it possible to get loans, without a cosigner, as a 19 y/o, who has only ever worked part time jobs? And if it was possible, what are the options? While I understand interest rates are a large factor, I am for now just worried about getting the loans to pay it off. And would a loan be able to process that fast to be done by next friday? Once again, i am clueless on this so bare with me as much as possible. IF im able to return next semester through some miraculous loan service, i have a decent paying research position lined up, starting at the very beginning of the term, and i would be more than willing to start making smaller payments right away. That might help my cause a little, or it might not, im not entirely sure. If anyone reads through this and decides to give me any advice, it is greatly appreciated. [link] [comments]  |
| Should I pay my remaining interest with a Credit Card Balance Transfer? Posted: 07 Dec 2018 11:59 AM PST Hello! Advice needed on if I am overlooking anything here... Graduated dental school in June 2018 after 8 years of education/loans/interest piling up. I did the debt avalanche method until I wiped out all my loans >6% at which my focus switched to paying off all my outstanding interest before my grace period ends mid December. I read somewhere on here that any unpaid interest at the time when the grace period expires will be rolled over into the principal balance. Unfortunately, I've fallen short of my goal by ~8K and I am trying to prevent that accumulated interest from compounding. Is it possible to open a credit card with a 0% APR w/ a 0% Balance Transfer to pay off the remaining interest scattered across my loans? I have my eye on the Amex EveryDay® Credit Card or the BankAmericard® credit card. This year my income will be under 80K but I expect my income next year to be well above meaning I would be excluded from any tax benefit of paying student loan interest. I have a healthy emergency fund that can pay off that amount now and have paid ~49k to date on my current student loans. With my grace coming up, I'm getting cold feet on opening a credit card for this sole purpose, and I can't find any posts about this topic. Thoughts? Thank you! [link] [comments]  |
| What to do when your college isn't recognized by any refi companies? Posted: 07 Dec 2018 09:22 AM PST I went to a for profit private trade school. The loan options were limited at the time, and I settled with what I could get. Im at a fixed interest of 9%. I have been paying off since 2013, and I still owe the same as when I started!! I have tried to refi with all the major hitters, but the sad truth is that my school is not recognized, therefore they will not work with me. To put in perspective, it is has changed names twice, as well as a partnership, so the school I went to simply doesn't exist anymore. I am thankful to have gotten a great education, and I am working in my intended field and doing well, but this debt is just overwhelming. I currently have a great credit score because I recently paid off 2 credit cards, as well as successfully cut my auto loan interest rate in half. Im also 2 years ahead of paying that off. This student debt hangs over my head, as it does with anyone. Is there ever hope for a refi for a non recognized school? [link] [comments]  |
| Is it just me or is fedloan’s Correspondence confusing? Posted: 07 Dec 2018 11:31 AM PST So I got a message that said "we received an incomplete IDR application" and freaked out. I thought this was them saying what I sent was insufficient. I called and the lady seemed clueless but also implied there was an issue. I sent another copy of my income documentation. The next day I got an email saying thanks for the income documentation. We'll get back to you about whether we need anything else or if your app is on hold or approved. Thanks to that first email I was stressing out thinking there was a problem with what I sent. Even though I sent a complete application. But I looked back at my emails from the last two years and noticed this is the same message they initially sent out both of those years. It's their standard reply to a IDR application !!! Did you get this email too initially ?? Am I the only one who got worried when they got this message ? Because I had sent them everything together I felt it implied that what I sent was insufficient. It also mentioned something about them sending me another letter saying what exactly was incomplete about my app. So I've been logging into the website and checking my email constantly looking for this supposed follow up letter detailing what they need but I now realize I don't think it's coming. Why do they send out an email like this ? I'm kind of embarrassed about freaking out about it. (If it's the standard email they send out ) [link] [comments]  |
| Posted: 07 Dec 2018 08:10 AM PST |
| My Student Loan Payment us lower this month? Posted: 07 Dec 2018 12:39 PM PST My automatic payment is lower this month? I have been paying weekly a little extra towards my highest interest/highest amount loan, and would like to do this on top of my regular minimum payments. Did it take my extra payments out of my monthly auto payment? [link] [comments]  |
| Posted: 07 Dec 2018 08:22 AM PST I have a private loan through a vocational school (medical training) that I have been unable to pay. At the time my repayment period began, I was (still am) in a heap of debt and could not keep my head above water. Then, I ended up going to rehab for 4 months (alcohol, if it matters in any way). No payments have been made since April. I reached out to them once to try to work with them, and they were unwilling to work anything out with me so that's why no attempts to pay have been made. I got home from rehab in September, and I have been slowly unraveling my financial mess and I am going to be filing a chapter 7 bankruptcy. Two days ago, I checked my loan out on the servicer's website and it was there. I waited to reach out to them again, because I am meeting with a second lawyer today to discuss my bankruptcy and this lawyer also specializes in student loans, so I wanted to talk to him before attempting to negotiate again. So today, I checked the website again because I wanted to tell my dad what the past due balance was, and everything reads zero, and there is a note that says paid by claim. I'm assuming this means that my loans are now considered officially in default and have been taken on by collection agency? This sucks because I had no interest on my loan before and now I know I will have interest. But maybe now that they're in collections I will be able to negotiate on the balance? Does anyone know anything about this or what I should expect to deal with? Obviously I will be discussing this with the attorney today but I just wanted to see what you guys had to say. I know it's nearly impossible to discharge a student loan in bankruptcy, but does it being collections open the door to more options? [link] [comments]  |
| Posted: 07 Dec 2018 10:56 AM PST FedLoan said my deadline to submit my IDR was [date]. They said if they do not receive my application and all supporting materials "within 10 days of [date]" my monthly payment will increase to $x and if I don't have a financial hardship the interest will capitalize. I submitted my application and materials three days after [date]. I called up and the rep said it's fine Bc it's within ten days. Got a message six days after [date] saying My documents were incomplete apparently. I immediately submit more documents on day 6 and day 7. They acknowledged receipt of them on day 9. and said they will get back to me within a month to see if my app is approved or if they need anything else. So assuming what I have sent is a complete set of documents, Is that timely??? Or is it late?? Interesting this is that in years past my correspondence lacked a due date and I always turned it in around what would be around the ten mark if the deadline had been provided. This is the first time there was an actual deadline listed. So in years past I turned it in around the same time and it was never a problem. And I got approved like the following week. But this year my supporting documentation was apparently incomplete. But I have resubmitted everything before the ten day mark. Interestingly they said it was incomplete before my 12th payment was processed. I read other threads where the people were told they had to wait until the 12Th payment was processed. I wonder if that had something to do with it. Now it has been processed so I winder if they will approve it. They also said they would send me a letter providing more details as to what information was incomplete. I have yet to receive the letter. So I'm in the dark as to what was incomplete. The lady on the phone couldn't tell me. She had no idea. [link] [comments]  |
| How do I defer loans when my enrollment is split between two schools? Posted: 07 Dec 2018 09:51 AM PST Hi everyone, I'm a part-time graduate student taking 6 credits per semester. My loans are with Navient and are currently in in-school deferment. Next semester, I'm taking 3 credits at my school and 3 credits online at another school, since my school isn't offering a course that I need. I'm not doing this through any sort of cross-registration program; I'm paying out of pocket directly to both schools. So, I'll be considered less than half time at each school. But, if my enrollment from both schools can be viewed together, I'd be half time. Is there a way to communicate this to Navient so that they see me as half-time and my loans stay deferred next semester? Thank you! [link] [comments]  |
| Posted: 07 Dec 2018 09:07 AM PST There may be a lapse between the approval of my IDR request and when the program starts. If that happens my payment will convert to the ten year standard repayment plan. I can afford to do this for one or two months. But I am wondering if that payment will count towards my 120 payments for PSLF purposes. Anybody know ? Would that be a qualifying payment? Thanks!! [link] [comments]  |
| How do I get a loan with no co-signer and little credit history. Posted: 06 Dec 2018 11:22 PM PST I'm struggling with this issue, and have no idea what to do. I want to continue my education, but I just don't know how I'm going to pay for next semester. [link] [comments]  |
| Posted: 07 Dec 2018 02:53 AM PST I've seen a lot of post about parents not filing taxes, but I'm an independent student I haven't filed taxes for the past few years because i've been making significantly less then the amount needed to file. (Been living abroad supported by family/not working). I will be receiving limited support from my parents, but nowhere near full tuition. I've recently started working full time to save money for school, but I should still be under the limit to file for taxes this year as well. Will this significantly lower my chances of getting financial aid? [link] [comments]  |
| Posted: 06 Dec 2018 10:21 PM PST I'm pretty sure this is the best place to ask, sorry if it is not. My student loan sits at a little over $15,000 right now. It is currently possible to pay it all off, though I will be left with only a thousand or so left in savings. I live at home with the parents and work a shitty grocery job so it sounds like a good idea to wipe the loan and start rebuilding. Can anyone tell me if this is considered a smart move? [link] [comments]  |
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