Paid off one of eight of my student loans! Student Loans |
- Paid off one of eight of my student loans!
- IBR- No longer working in the USA. Do I have taxable income?
- Did you achieve your student loan goals for 2018?
- Recently Unemployed, Looking to Defer for 2-4 Months through Sallie Mae - (Unsurprisingly) They Aren't Helpful. HELP!
- PSLF: Should I try again to qualify?
- Private Loan Interest Rate
- Recent Grad - path to homeownership - am I ready?
- What are you student loan goals for 2019?
- Student loan payback and plan eligibility
- SoFi asking my employer to complete a form??
- My repayments don't start until January but the monthly amount it says I will owe has changed- what happened?!
- My experience refinancing with First Republic
- Navient student loan question
- Grace Period is Over
- How can I pay back federal student loans from overseas?
- Help! None of Navient's contact numbers work!
- Does consolidation exempt me from any future student loan forgiveness?
| Paid off one of eight of my student loans! Posted: 27 Dec 2018 01:41 PM PST It's one of the smaller amounts of loans that I owe on but I paid it in full today, I paid almost $2400 towards it and my wallet is hating me for that. I am going for my masters and my employer does reimbursement up to 5k a year. When I got my this last reimbursement, I considered the money already spent and paid it towards the loan that I owe. Now I'm down to $31,000!! I'll still be paying $400 a month vs the $355 minimum to cut the total payments down more. on mobile sorry for formatting [link] [comments]  |
| IBR- No longer working in the USA. Do I have taxable income? Posted: 27 Dec 2018 10:41 PM PST So I've received an email that I need to re-certify my income based repayment for my federal loans. The thing is, I quit my job in the US in October of this year and now live and work in Asia. I am fully legal in my new country and will file my tax returns in the US like I am supposed to when the time comes. I am just not sure if I should click the box that I have current taxable income or not because I worked in the US for most of 2018. My new job in Asia is well below the tax exemption for foreign-earned income, but the IRS doesn't know that yet because it isn't tax time. Has anyone else been through this process? [link] [comments]  |
| Did you achieve your student loan goals for 2018? Posted: 27 Dec 2018 05:09 AM PST For those who commented on this post: https://old.reddit.com/r/StudentLoans/comments/7ul72t/what_are_your_student_loan_goals_for_2018/ As I noted in the post:
I was able to sell the engagement ring for almost what I had left on the loan - I sold it to the place I bought it. I also started a new job a few months ago with a much better salary, and have been making aggressive payments on the student loans since. As of yesterday, I paid off what was left of the 5.5k loan and brought the 13k loan to 9.7k! That means I'll be heading in 2019 with only 9.7k in student loans left! [link] [comments]  |
| Posted: 28 Dec 2018 12:05 AM PST They can only give me two options that won't due. $604/mo with variable APR. Option 1: Pay $150 and only get 1 month of forbearance. Option 2: Pay $604 now and have my account brought current, but enroll in auto-pay for the same amount. I explained to customer service "I can't do these payments" and basically got "well, call us when your financial situation has improved." Like, WHAT? I literally just said I lost my job. IMPORTANT: I have tried refinancing through probably 4-5 different companies, to no avail (even with co-signer). I have a position in about 2 month's time that will hopefully allow me much more financial comfort, but I need to go through unpaid training first. What are my options?!? Thanks in advance. TL;DR - Sallie Mae owns me, can't refinance, and can't afford their options to (very short-term) help. [link] [comments]  |
| PSLF: Should I try again to qualify? Posted: 27 Dec 2018 08:16 PM PST So, I graduated from a masters program, and started making payments on my fed loans in May 2013. At that time I was in an income based repayment plan, with the goal of making the 120 payments and using the PSLF program. I *think* I submitted paperwork for PSLF that first year, but did not annually submit anything because I was told I could do it closer to completing the 120 payments. Since 2013, I job hopped a bit, but always maintained FT public service work (librarian in a public library). OK great. But when I got married in 2015 I was told that due to my higher combined income I no longer qualified for an income based repayment plan, and thus I was no longer eligible for PSLF- but to call back if I had any dependents. I then entered a new payment plan (I don't even know which one at this point)- it's supposed to be one of the graduated repayment plans, but I cannot find any information on myfedloan.gov account that lists what payment plan I'm currently in, or when the payment will increase. There were lots of phone calls during this period regarding the PSLF status, payment plans, etc. and not many clear answers. I had a child in 2017, and called back. I was told I could switch back to an income based repayment plan, BUT...wait for this...NONE of the payments I had made since 2013 would count. Even though I have NEVER missed a payment, and always worked FT in a public library. I would be starting over for PSLF, and I did the math out and figured that by this point I'd have my loans paid off sooner by sticking with the plan I was already in, plus I think the income-based payment was higher than my current payment (?). I still have never missed/deferred a payment, even during my maternity leave. So my questions:
[link] [comments]  |
| Posted: 27 Dec 2018 08:03 PM PST Is it possible to reduce the interest rate on my student loans? I currently have 4 private student loans. I applied for the first two loans when I had poor credit score (~650ish) and applied for the last two when I built up more credit (~730ish). The first two have an interest rate of about 8% while the last two have an interest rate of about 3-4%. My parents have cosigned on all 4. Also, I still have one more year left of school so I may need to take out another loan within the next year. [link] [comments]  |
| Recent Grad - path to homeownership - am I ready? Posted: 27 Dec 2018 06:14 PM PST I am a 22 yo recent college graduate with about 41k in student loans. My salary is 50,500/year. My only other debt is a car loan ($305/month). The state that I live in has created a home-buying program that would forgive student loans up to 15% of the price of the home, at a max of 40k. But all of the student loans that remain have to be paid off before buying the home. I'm aggressively paying off my student loans (1800/month). I'm living at home, so I don't have many expenses (besides groceries, car payment, car insurance, gas, and helping out with bills occasionally). Because this home-buying program would significantly reduce the amount of time I spend paying off my student loans, I want to participate, but I want to pay off enough so that I can choose a home where I can comfortably afford my mortgage payments. My goal is to reduce my student loan balance to about 26,000 or less before participating in this program (total home value of ~173,000 or less - 15% of this is ~26k that would be forgiven). I also want to aggressively save for a down payment at the same time so that I can put a decent amount down (I currently have 3k in savings) I will need to move out soon anyway (my commute to work is about an hour each way) and I feel as though the student loan forgiveness is too good of an opportunity to pass up. Worst case scenario and I decide to move out of the home, I hope that I can still use it as a rental property. I predict by this time next year, if I stick to my plan, I will reduce my debt amount to about 26K with about 10k in savings. Is this too little have saved to buy a house with? My state also has a downpayment assistance program of $5,000. Because of availability of funding for the student loan forgiveness program, if I go through with this I'll have to be ready by this time next year at the latest. I feel like this is too good of an opportunity to pass up and could have a large impact on my future net worth. Is this an unrealistic goal? Does a mortgage of 173k seem to large for someone in my situation (50,500 salary, and my only other debt if I go through with the program would be a car loan of 305/month)? Should I wait until I have a larger down payment saved, and just pay off my student loans slowly over the next few years like most people do? [link] [comments]  |
| What are you student loan goals for 2019? Posted: 27 Dec 2018 05:16 AM PST What are your student loan goals for 2019? This could be as simple as making payments on time, knocking out one or two loans, or paying it off entirely. If you need ideas, check out what people posted in the 2018 post or the update to it. My goal for 2019 is to pay off the remainder of my loans. I only have $9.7k left, so hope to have it paid off by March or April. [link] [comments]  |
| Student loan payback and plan eligibility Posted: 27 Dec 2018 02:43 PM PST I am currently on an income based repayment plan. If my family were to give me extra money every month or every few months to pay back principal, would this effect my ability to continue with the income based repayment plan? They wouldn't want to go online and make the payments for me, they just give me cash every now and again to make a payment. Thanks [link] [comments]  |
| SoFi asking my employer to complete a form?? Posted: 27 Dec 2018 06:13 PM PST Hi, so long story short, I want to consolidate/refinance my student loans, and I stumbled upon SoFi when they sent me a letter in the mail about how I was pre-qualified. But they've been quite the headache to work with. They outright rejected me the first couple of times that I applied, and on the third time I was finally pre-qualified when I had a cosigner. However, despite submitting multiple documents (identification, paystubs, other employment info) from both me and my cosigner, they just sent me an e-mail saying they want me to fill out an employment verification form, which will then be faxed to my employer, who has to fill out the rest of it. I mean...is this normal for loan consolidation/refinancing? This is my first foray into loan refinancing, so I had no idea they involved my employer so personally in it. I'll feel pretty awkward asking my employer to take time away from our actual jobs to fill out something that has nothing to do with the company whatsoever. I thought this was my own private affair. Thoughts? Is this normal? [link] [comments]  |
| Posted: 27 Dec 2018 05:52 PM PST I graduated in May and (while I have made a few smaller payments here and there) haven't really had too much to put towards my loans. In any case, when I previously checked how much my monthly payments would be come 01/20/2019, my Nelnet account said something like $149 or $159/month. Not a thrill to see, but manageable. I checked a few days ago after getting a notification from Credit Karma and my monthly payment is now apparently going to be 533 (which is not manageable for me right now). Anyone have any idea why such a significant change would've happened? (I am aware of income based repayment which I will be calling them about tomorrow). This was just such an unexpected shock to see and left me feeling a bit overwhelmed and helpless. [link] [comments]  |
| My experience refinancing with First Republic Posted: 27 Dec 2018 05:09 PM PST In brief: It's been an excellent experience. I refinanced about $50,000 in federal loans with First Republic about nine months ago. I had 10 different loans with Navient, and the biggest, a graduate Plus loan, was sitting at 8.5%. Dealing with Navient always sucked. I was approved at First Republic for an 84-month loan at 2.55%. My payment went down about $50 a month to $675. Before, half my payment went to principle, and the other half to interest. Now, it's about $575 to principle, and $100 to interest. There are caveats: You need to keep a $3,500 balance in a checking account, and be set up on autodebit. You also have to live in a state that has First Republic branches. But I'm happy with the checking (ATM reimbursement, free checks), and I've even gotten a couple hundred bucks from referring a friend for a refinance. If you refer someone and they get approved, they get $200, and you get $300. I shopped around a bunch, and couldn't happier so far. [link] [comments]  |
| Posted: 27 Dec 2018 05:06 PM PST So my navient account has my first payment due January 5th of $150. But I'm registered for 12 credits this semester starting January 7th. I took last semester off so that's why I'm not in the "in school" status. Do I have to pay this or should I just wait until they update my enrollment status to in school. My school is on the list for the national student clearinghouse system but it says it can take up to 60 days to report. Will I get penalized if i miss this payment due date or should I just ignore it? [link] [comments]  |
| Posted: 27 Dec 2018 09:12 AM PST Hey ya'll I (F/23) recently graduated and I have over $9,000.00 left of Federal Loans in my bank. Is it better to return the money right away because of interest? Or should I use that money to start making payments back? I am the first one to graduate college from my family so I'm trying to learn and educate myself on how student loans work as much as I can. Any help would be appreciated! [link] [comments]  |
| How can I pay back federal student loans from overseas? Posted: 27 Dec 2018 10:26 AM PST I have a bank account in the UK with a debit card. I've tried several times to make payments (my loans are now in default...) through both navient and myeddebt.ed.gov but it always declines payments saying I cannot use a credit card. I rang them and basically went around in circles saying that I needed to either send them a cheque/MO (not possible with my bank account) or with a debit card (which I have!). No where on their website says anything about not being able to make payments with foreign debit cards. I have tried signing up with transferwise but when I try to use that card to make a payment I get the same result. I don't have any friends/family in the US to help me out here either. I'm completely at a loss. Is there a way to somehow open a US bank account and get a debit card? I really just want to start resolving the problem especially because the loans are now in default. Surely there are other people who have federal loans and live abroad? How do they repay the loans? [link] [comments]  |
| Help! None of Navient's contact numbers work! Posted: 27 Dec 2018 01:54 PM PST My wife's payments jumped to ridiculous amounts without warning, and now none of Navient contact numbers that I have found work. Any help is welcome. I'm just sick of hearing, "Your call cannot be completed at this time." [link] [comments]  |
| Does consolidation exempt me from any future student loan forgiveness? Posted: 27 Dec 2018 06:16 AM PST I have a ton (100k+) in parent plus loans (well my dad does but he won't be paying them) and I was looking into consolidation so it is just one interest rate and not 4. Does this exempt me from any crazy reforms that could happen where the government wants to just forgive student loans (it would probably never happen but it would be just my luck to consolidate and then the next day there be an announcement that they will forgive all unconsolidated loans.. ) Thanks! Also any other tips and tricks you may have for dealing with this massive amount of debt at 23 would be greatly appreciated! [link] [comments]  |
| You are subscribed to email updates from Advice, articles, and general discussion pertaining to student loans.. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment