Payments from the past year don’t count, options?? Student Loans |
- Payments from the past year don’t count, options??
- How to handle extra loan payments.
- IDR not applied to student loan after transfer to FedLoan
- Earnest customers - autopayment discount has gone away for manual biweekly payments
- Missed IBR Re-certification or Did I? Freaking out
- Nelnet- What does "do not advance due date mean"?
- Is this a good plan?
- Federal student loans wont give me the full tuition?
- Cost of college and major choice
- The school I’ll be attending doesn’t seem to be an option for private loans?
- Question about making extra payments
- Paying off one Nelnet loan group entirely?
- Graduate loans count towards undergrad lifetime limit?
- Just Refinanced with LENDKEY - Timeline of Events
- Is this type of combo payment plan even possible?
- Not paying Parent PLUS loans
- My identity was stolen, but I need to refinance
- Student Loan Disclosure Form
- Owing SLC "overpayment" money
| Payments from the past year don’t count, options?? Posted: 30 Nov 2018 04:20 PM PST I have been working in a qualifying non profit for some time now, but just finished school last year. To qualify for forgiveness, I merged loans, certified my income, and all was good! After 1 year of making 0 (PAYE) dollar payments, Bc I don't make enough with a family of 4 (I'm in IT Incase anyone is curious) I logged in tonight to my account and saw deferment. I called immediately to tell them of the mistake and they told me I was on an in school deferment. I advised them I graduated and when I merged loans, everything was accurate. They fixed that issue, but none of the years payments count now! Can this somehow be fixed? Also, they told me if I want to make overage payments on my new payment amount, that the Dept of Edu will apply it to interest first and not towards principal. How is that fair?!? [link] [comments]  |
| How to handle extra loan payments. Posted: 30 Nov 2018 07:00 AM PST Question: I have budgeted to spend $600 month on my student loans. After I pay the minimum I owe on all my loans (comes to about $320/month), should I put the remaining cash towards ALL of the loans or towards ONE loan with the highest interest rate or highest accrued interest or something similar? I planned on just putting the remainder towards all of the loans, but I'm looking for suggestions on the best practice. EDIT: I am out school as of May 2018 [link] [comments]  |
| IDR not applied to student loan after transfer to FedLoan Posted: 01 Dec 2018 12:06 AM PST I have 2 student loans (one from undergrad and one from graduate school) that were previously with Great Lakes - my grace period for the undergrad loan ended in May 2018 and the grace period for the graduate loan ended this month (Nov 2018). I had applied and was approved for an IDR in August 2018. I have been employed with the U.S. federal government for about 2 years, but did not apply for PSLF until late October. I was approved and my loans transferred over to FedLoan in November. Before my loans had transferred over, I had spoken to Great Lakes and even though I wasn't in repayment yet for the graduate loan they were able to confirm that I was on an IDR and my monthly payments would be approx. $200 starting in December after the grace period ended. Issue I am having now is that my monthly payments are now $800 according to FedLoan and am being told I am not on an IDR for the graduate loan. I am being told that because it was not in repayment yet when it transferred, I have to reapply for the IDR with FedLoan now. The undergraduate loan is on an IDR plan and the monthly bill remained the same after it was transferred. I have called multiple times and tried to escalate it, but am being told I have to reapply for an IDR and that if I cannot afford the $800 bill to apply for forbearance. I have the application for the IDR that was approved back in August and documentation from Great Lakes confirming I was approved as well. I was under the impression that the loans would transfer exactly as is, so I am very confused as to why my graduate loan payments quadrupled. Is FedLoan correct in that because it was not in repayment yet, I have to reapply for an IDR with them? If not, how can I escalate this to actually get any assistance with this from FedLoan? [link] [comments]  |
| Earnest customers - autopayment discount has gone away for manual biweekly payments Posted: 30 Nov 2018 08:37 AM PST If you're an Earnest customer, you'll know all about how they recently did away with biweekly payments, got shit for it, and subsequently told customers that they could unenroll from auto payments, still receive the discount associated with them ("in the short term"), and make manual biweekly payments while they try to figure out how to add the option back. Well, apparently the "short term" has come... less than a month later. I logged into my account today and my interest rate has gone up. No notification on this from Earnest. I've reached to them, but wanted to flag to others. [link] [comments]  |
| Missed IBR Re-certification or Did I? Freaking out Posted: 30 Nov 2018 07:39 PM PST Hey everyone, wanted to see if anyone else encountered this. My student loans are very high grad loans so IBR is essential for me. I've changed careers with low and inconsistent pay, so without IBR, I have to default - period, end of story. I have two federal loans, one with Great Lakes and one with Navient. I'm usually on top of them, but have the auto pay so recertification wasn't the first thing on my mind with other life things going on. I thought my deadline was in December 2018, so I wasn't in a rush. Then, I got an email from Great Lakes saying I was kicked out for not re-certifying. I looked back and found an older email saying my deadline was mid-october, so I missed it. BUT, I had remembered reading an email from Navient saying me re-cert deadline was in December. I looked back and sure enough, Navient sent me an email saying my re-cert was due 12/16/2018. So, I should have 16 more days. I immediately submitted my re-cert on studentloans.gov. So, which one is it? Am I screwed? Who do I need to contact? FAFSA? Great Lakes? Navient? Thanks [link] [comments]  |
| Nelnet- What does "do not advance due date mean"? Posted: 30 Nov 2018 09:32 AM PST So, I am due to start paying off my student loans on Jan. 11. I have some extra cash and I wanted to put it towards my student loan. There is a box that says do not advance due date. What does that mean? Sorry if this is a stupid question. Also, another question. When my grace period is over, what would happen if I paid a large amount of my student loan off at once? Like would I be able to pay it all off in like 3 months if I chose to? I figure loan companies would want to make that difficult cause they want to milk as much interest out of me as possible [link] [comments]  |
| Posted: 30 Nov 2018 12:35 PM PST Hi everyone. I currently owe about 32K to Nelnet. My first payment isn't due till 1/6 but I got a great job recently, so I want to make sure I tackle this on as wisely as possible. So I have 8 loans with Nelnet. The lowest one is actually two, both at 1K and 3.76% interest. The highest is at 5.5K with 4.45% interest. I'm thinking of doing a combination of snowball and avalanche because I'm pretty sure I can pay off the 1K ones pretty fast. Would paying off those two first and then going straight to avalanche with the 5.5K one be a good idea? Thanks in advance for your help, I'm so relieved this sub exists. [link] [comments]  |
| Federal student loans wont give me the full tuition? Posted: 30 Nov 2018 01:52 PM PST So i'm trying to get loans thought the studentloans.gov site. we usually do a parent plus loan but we agreed halfway through college i would take on the rest of the cost. I applied for the Direct plus loans and selected maximum amount that the school determines check box, a semester cost around 18k and i want that amount covered in the federal loans under my name. I did the MPN and the counselling and i was only loaned a total of 6k for both semesters? I selected to have the entire amount covered, what did i do wrong? [link] [comments]  |
| Cost of college and major choice Posted: 30 Nov 2018 03:31 PM PST If I go to a school that costs around 25-30k a year, and I plan on majoring in computer science. Both schools have coop programs ,so I will graduate with a decent job either way. Is it that bad to take out that much. I plan on graduating, and living frugally to pay back loans as fast as possible. [link] [comments]  |
| The school I’ll be attending doesn’t seem to be an option for private loans? Posted: 30 Nov 2018 02:36 PM PST The federal loan and grant that I'm getting won't help me cover living expenses. I've accepted the aid and am doing a quick google of private loans and none of them seem to have my school on there. What am I supposed to do? My daughter and I live with my mom currently, but that situation will only last another 7 months or so. I will be in school full time so there won't be much room to work, along with the schedule of being a father and paying for aftercare and whatnot. I'm going to school to become a paramedic, and this coming semester will be emt basic as well as a prerequisite for the paramedic program. I'm not sure what to do, but I'm going to go to the financial aid office on Monday. [link] [comments]  |
| Question about making extra payments Posted: 30 Nov 2018 09:50 AM PST Just had a quick question as I start to put together a plan to pay off my loans: I was reading an article with tips regarding interest accrual. The article mentioned making extra payments and how those payments are applied to your principal. Several people in the comments section argued this & stated that they've had issues in which they made extra payments, only to later find out that their lender had been applying said extra payments to future interest instead of the loan principal. A few of them cited a current lawsuit with Navient in which the lender was arguing that this is standard practice & that it's completely within their legal right to apply extra payments to future interest even when the borrower specifically requested that it go toward the principal.</p> Does anyone have experience with/knowledge about this type of situation? Is there a way to be sure my extra payments are paying down the principal? Thanks in advance! [link] [comments]  |
| Paying off one Nelnet loan group entirely? Posted: 30 Nov 2018 09:01 AM PST I have eight loan groups on Nelnet; the one with the smallest balance also has the highest interest rate, so I wanted to pay that off completely while making minimum payments on the others. Just to check — paying off one loan group entirely doesn't like accelerate the other groups and make them all due immediately, right? Nelnet's FAQs don't make this clear. I assume it wouldn't but just acting out of an abundance of caution here. [link] [comments]  |
| Graduate loans count towards undergrad lifetime limit? Posted: 30 Nov 2018 12:28 PM PST It's really difficult to find this info anywhere. Everything states a $57k limit for undergrad and a $130k limit for grad. I was accepted into Auburn's Computer Science program but the Financial Aid office told me that my graduate loans counted toward my undergrad lifetime limit so I wouldn't be able to take out anything on a second bachelors. I have ~19k in loans on my BS and $40K on my MBA. If this is the case that's fine, but I'd hate to miss out on the program because the Financial Aid office made a boo-boo. If it's not the case and anyone can link a source that would be awesome! [link] [comments]  |
| Just Refinanced with LENDKEY - Timeline of Events Posted: 30 Nov 2018 11:18 AM PST So far I am having a wonderful experience with LendKey. I have two student loans with Navient that I was looking to refinance. I had my father co-sign to lower my rate. I know others may not have a co-signer but I have great credit and it lowered my rate maybe .75%. Loan A - $28,200 @ 8.375% VARIABLE (rate went up significantly over the last year) Loan B - $12,800 @ 5.75% VARIABLE (rate climbing too) ---------------------------------------------------------------------------------------------------------------------------- Refinanced the above $41,000 @ 4.6% FIXED - 7 YEARS Monday 11/26 - Filled out application, co-signer filled out his section Tuesday 11/27 - Uploaded documents, copy of license, Navient pay off statements, Navient monthly statements, 2 recent paystubs, co-signer uploaded copy of license and two recent paystubs Wednesday 11/28 - Everything I needed was submitted, they reviewed and I had to verify identity Thursday 11/29 - Conditionally approved. Waiting for final loan documents Friday 11/30 - I signed the final loan agreement along with my co-signer, awaiting disbursement which could take 5-10 business day or up to 30 days. TBD - Final disbursement and difference of overpayment mailed to me in a check. I really enjoyed my experience with LendKey SO FAR.... Hopefully everything continues to be smooth sailing. But I was able to get a lot done this week and the experiece has been easygoing and their customer service reps are very friendly. My advice to everyone is to take a look and JUST DO IT if you have insane rates like I had. My payments are going from $360 a month with a 2035 final payment date to $580 a month with a 2025 final payment date. Saving a ton of money. With the fed projecting a december rate hike along with 4 scheduled for next year, now is the time to do it! Do not wait! Any questions feel free to comment below. [link] [comments]  |
| Is this type of combo payment plan even possible? Posted: 30 Nov 2018 11:00 AM PST I have refinanced 3 out of my 4 private loans, but I cannot do the fourth as I've hit the 90k mark for Citizens which is the only lender that will approve me right now. Is it possible to enter the Graduated Repayment Plan with Sallie Mae with just that last remaining loan, if I refinanced the other 3 I had with them? If so, is that a bad idea? I really need to get my monthly payment as low as possible for the time being, and an interest only payment on my lowest interest loan would be ideal right now. But what are the implications and future consequences of doing that for a year for just the one of my four loans? My federal ones are also still awaiting approval for an income based repayment plan. Any input/help would be appreciated! [link] [comments]  |
| Posted: 30 Nov 2018 09:42 AM PST My understanding of a parent plus loan is that it is in my moms name and it's her responsibility? (Correct me if I'm wrong) so assuming she doesn't care about her credit because she's older and doesn't have any needs. What would the repercussions we would face if I didn't pay them? [link] [comments]  |
| My identity was stolen, but I need to refinance Posted: 30 Nov 2018 09:34 AM PST Currently, I have 35,000 in private loans at 8-11% variable interest rates and 38,000 in government loans at 3.7-4.6% interest rates. I have to start repaying next month. I have been working to build my credit so I can refinance my private loans, and got it up to about 750, but my identity was stolen and now my score is about 650. Everything was reported and taken care of, but I was told it won't be removed from my credit for 6-9 months. I am wondering if it is worth the trouble and credit inquiry to still try to refinance now with my lower score, or if I should wait 6-9 months when my credit improves to apply for anything. [link] [comments]  |
| Posted: 30 Nov 2018 05:05 AM PST Today, student loans.gov sent me a disclosure statement. I applied for loans and filled out a sheet for subsidized and unsubsidized student loans for the 2017-2018 school year. However, I do not remember filling out a sheet for loans for 2018-2019 school year. However, I still received a student disclosure form. Does that mean the government assumed I am borrowing money again this year and already applied it to my first semester and second semester tuition? [link] [comments]  |
| Posted: 30 Nov 2018 03:14 AM PST I'll keep this short and wondering if anyone can give me some advice. SLC the student finance in UK were paying for my accomodation. I dropped out before end of my first year. The uni notified SLC that i wasn't on the course anymore, however i was still living in the accomodation... The last payment of £1400 went to the uni to pay for my accomodation until the end of the year. I got a letter saying that i left uni and that money was overpaid to me and now i owe them it. It was a bad time for me and left because of really bad anxiety which i am now on medication for. Do i actually owe them this or is there some way of negotiating that I was still at uni? Any advice would be great! [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