I just made my final payment to Nelnet! $34k paid off in four years! Student Loans |
- I just made my final payment to Nelnet! $34k paid off in four years!
- $122k from one private loan.
- My options?
- Taking out Personal Loan to repay Student Loan
- Did my recert for IDR. Income increased 1.5% but payment going from $64.12 to $0.
- Student loan payoff method help
- Earnest autopay after Navient changeover, Month 2
- School Deferment and Effects on Fed Loans
- Really need some help/information about obtaining tuition loans, any and all answers/advice!
| I just made my final payment to Nelnet! $34k paid off in four years! Posted: 24 Dec 2018 05:17 PM PST A bit of Christmas celebration! MY LOANS ARE PAID OFF!! I just made my last payment and finally cleared myself from letting this burden hang over my family's head. To everyone else paying their loans off, stay focused on your goal, save every penny, and pay what you can afford to towards your loans. It WILL come to an end! Merry Christmas Reddit [link] [comments]  |
| Posted: 24 Dec 2018 01:18 PM PST I've never done this before, but I thought I'd see what's out there. I'm not the one in debt - it's my other half. He went to two years at NYU as a transfer undergrad, and now is sitting on (with interest added) over $200k in debt. He has not found a job in his discipline after applying to over 200 options, and has lost hope in that sector. He's also no longer interested in even pursuing that field because of the issues he has had to this point. He was able to submit for income based repayment for his federal loans and was accepted, so that's less of a burden. But he aged out of that system for his senior year and had to take out $52k to finish his degree from a private lender. The paperwork states that at the end of his repay period, if he made all of his payments, he'd pay in total $122k for that one loan. Today, he was told he could have 3 months of more grace period, but it would raise his minimum payments from what's currently $583 to even more. I'm concerned for his life. He has become severely depressed to the point of wanting to take his own life, seeing that as the only way out from the bottom of this debt well and to be less of a burden to me and his family, who curse him for causing this catastrophe and dragging them into it. They absolutely refuse to help him in any way, and believe this is his 'mess' to clean up. Brief edit: his stepfather, who has very little to do with his life, co-signed the loan. I'm not sure what I'm asking, but I wanted to know what others would say. What is there to say? To do? He has said he'd rather run in front of traffic than work a measly side job again. [link] [comments]  |
| Posted: 24 Dec 2018 11:02 AM PST Just curious, I'm pretty sure I know the answer but I'm gonna ask anyway. I have a BS in Physics and was gonna get my second BS in engineering online at ERAU. Now I can't afford to take out another loan and my work if only offering $5K a YEAR, which is like nothing. That will pay for 4 classes I believe and they do 3 month semesters so it'll take me a long time to get another degree. So my question is, what options do I have to get more funding? Applying for grants? More loans? The problem is the school require funding up front which makes sense and the way I see it the company will pay $5K but that's also pre tax, so technically it counts as income for me so it'll get taxed so I won't even get all $5K! [link] [comments]  |
| Taking out Personal Loan to repay Student Loan Posted: 24 Dec 2018 10:12 PM PST Is it possible to go to a bank and apply for a personal loan to pay off a student loan this way you can get a lower interest rate? I went to close a bank account today and then asked if they did student loans and they said no but said I could apply for a personal loan with an interest that was like half my rate I have now. Thoughts? [link] [comments]  |
| Did my recert for IDR. Income increased 1.5% but payment going from $64.12 to $0. Posted: 24 Dec 2018 08:36 PM PST I'm not sure I understand. I'm on PSLF and want to continue making payments to pay down this debt without screwing that up. [link] [comments]  |
| Student loan payoff method help Posted: 24 Dec 2018 08:22 PM PST Not sure if this is allowed here but I am totally willing to pay someone a reasonable amount to go over all my student loans with me. I owe about $110k. I make about $40k a year working 2 jobs and will making $47k (before taxes) within the next year at a new job. I have no other bills besides my student loans. I have about $9k saved. I'm currently paying $1.3k a month in the minimum repayment plan which puts my payoff date 10 years from now. I've been thinking of applying for the pay as you earn method for my ages loans ($30k, about $300 a month). These are my lowest interest loans. The rest of my loans are Parent Plus and Sallie Mae. Parent Plus is $60k and $700 a month. Sallie Mae is $20k and $300 a month. My original plan was to make the $1.3k in monthly payments and save of over time with the extra money I earn and pay a lump sum of the loan. For example I've been saving up to $15k since September (I'm halfway there) and then was going to pay off one of my Sallie Mae loans (highest interest). Btw I will never completely drain my savings. I will definitely keep 6 months emergency funds. Looking back I'm wondering if I would really benefit from a different payment plan that would allow me to save more and then do lump payments more often. [link] [comments]  |
| Earnest autopay after Navient changeover, Month 2 Posted: 24 Dec 2018 12:25 PM PST I do $1000/mo autopay on the 22nd with Earnest. Last month (November) $1000 posted as usual with the pincipal and interest amounts delineated. This month (December) $1000 posted as two separate transactions on two separate days. One transaction was ~$680 for my min monthly payment amount (incl accrued interest) and the other was ~320 for the $1000 balance. It adds up and came out of my checking as a single transaction, but still an odd change. [link] [comments]  |
| School Deferment and Effects on Fed Loans Posted: 24 Dec 2018 04:21 PM PST Hey guys! Let me first start off by saying thank you so much for answering peoples questions, this system is hard to navigate! I originally enrolled for the Fall 2018 school semester, my last one before graduation. However, in August, I officially differed that semester before the deadline. I intended to finish my last semester in the spring time as I got hired to work and opted to do that instead. Before my deferment, I was awarded Federal subsidized and un-subsidized loans, a grant from the state, and an academic award. When I went to check my awards for the Spring 2019 all I saw that was given was my state grant. If I was offered these awards for the fall, wouldn't they roll over in the spring? Is there a process? Who would I need to communicate with? Is this normal or an error? I'm sure I'll have questions as people comment, I can also clarify details, please ask! Thanks to all who answer this post! [link] [comments]  |
| Really need some help/information about obtaining tuition loans, any and all answers/advice! Posted: 24 Dec 2018 03:13 AM PST My father is a wealthy urologist, he divorced my mother when I was younger and has remarried several times. I lived with him and his new wife during high school when my mother died, but I'm guessing because of his new wife's attitude towards me, he's increasingly became more distant and uncaring, to the point where now he and his family (aunts, uncles, grandparents) won't even talk to me. I've tried multiple times to contact him and each time is no response, same with his family. I'm now 18 and living with my girlfriend's family. I didn't have the best grades during high school, but I am determined to attend and graduate college. I was admitted to a local community college, and now my only problem is figuring out funding. Because I'm legally his dependent until I'm 24, and because he makes over 400,000 in a year, what kind of loans/aid would I qualify for? I wouldn't have a co-signer, and I don't have a credit score. Thanks so much for helping me and for reading this [link] [comments]  |
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