Big plans in 2019. Student Loans |
- Big plans in 2019.
- Crushing it this year but still a couple more months to go.
- Loan consolidation? IBR? PSLF? FedLoan guy was full of advice today.
- After refinancing, I still pay $1000 a month
- Very lost and $120,000 in debt. Would appreciate literally any advice at all.
- Canceling my consolidation loan application
- Loans and retirement and... help
- Question about refinancing!
- Need a loan, weighing my options, Help!
- Student Loan in Collections
- Wondering if there’s any way to get around a co-sign situation
| Posted: 31 Dec 2018 06:48 AM PST I get my last paycheck of 2018 tomorrow and on the first day of 2019, I'll pay off, in full, my second of nine loans. It's going to be a great way to start off the year. Started at 30k a few months ago. My goal is to get my debt to around 10k by the end of this coming year. Tax return? You know exactly where that'll be going. My debt eats at me but it will never get the best of me. Thanks to everyone on this sub for the advice and encouragement. I wish everyone a fulfilling year of tackling their student loans. [link] [comments]  |
| Crushing it this year but still a couple more months to go. Posted: 31 Dec 2018 02:36 PM PST After wiping out my wife's higher interest student loans first (https://m.imgur.com/a/2MAjcLt), attention was turned towards mine since summer of this year. Still 91k left...but getting close! (https://imgur.com/a/1XKrIDQ) [link] [comments]  |
| Loan consolidation? IBR? PSLF? FedLoan guy was full of advice today. Posted: 31 Dec 2018 05:38 PM PST
I owe ~$72,000 to the FedLoan gods, and I called today to update my physical address. The guy I spoke to said that consolidation would help me, but I don't understand why since all of my individual loans are at the same 6.8% interest rate. He also suggested IBR, which based on our household income would have me paying more than $200 less than I do now. He also seemed super confident that I would be able to qualify for Public Student Loan Forgiveness now that I'm employed at a non-profit. My husband explained that PSLF has a lot of hoops to jump through in order to successfully have loans forgiven if you do manage to qualify. Also, I know some of those numbers on my fixed expenses sound high, but car insurance and phone are for me, my husband, and my mom, and they're not negotiable. My questions:
Thank you in advance, fellow loan warriors! [link] [comments]  |
| After refinancing, I still pay $1000 a month Posted: 31 Dec 2018 04:01 AM PST When I got out of school I came out with over 100k in student loans. I refinanced and still was dealing with three loans, one private one with Wells Fargo, Sallie Mae and Nelnet. I was able to get out of Sallie Mae because she's a bitch and inconsistent. Then just recently, Earnest bought out my other too and I have a lower interest rate which is actually great. I'm blessed to have Earnest. However, I still have to pay 900$ a month to pay them off. I'm a nurse who works roughly 60 hours a week, and still can barely get by. Yes, we bought a house this year and you'd think with two incomes in our household things would be easier. But it still makes having to dish out 900$ a month for the next 10 years seem like instant death. I'm frustrated that I have a great career and make a good amount but yet still have to work so hard to pay this stupid loan off. Any suggestions? I can't do anything on an income based rate because I make too much therefore my rate would technically go higher. Do you know of any scholarships or grants that help? Thanks [link] [comments]  |
| Very lost and $120,000 in debt. Would appreciate literally any advice at all. Posted: 31 Dec 2018 10:11 AM PST I went to a private university and just graduated in 3 years in order to not have to $60,000+ more in debt, but I still am in the hole for over $120,000 now. I am very aware I have made very poor financial decisions and would really be so grateful if anyone could give me any advice at all about where to go next. I have $88,500 in pseudo-private loans through NJCLASS and $31,000 for 10 federal loans, which i just applied for IBR for and my grace period is through March. I only make $30,000-$35,000 a year and my NJCLASS payment is currently upwards of $900 per month starting in January, which is really not feasible for me. I am looking for a better job in the mean time so I can hopefully pay as much as possible per month, but what is the best way or potential options for lowering this monthly payment? Should I look into refinancing the NJCLASS loan through a separate entity or consolidation or do I have any options at all at this point? [link] [comments]  |
| Canceling my consolidation loan application Posted: 31 Dec 2018 05:14 PM PST Are there any consequences to cancelling my direct loan consolidation application? I just received my paperwork saying that 5 of my loans cannot be consolidated at this time. I'm guessing this is due to me just graduating grad school and my loan are not currently in repayment? Thanks for the advice! [link] [comments]  |
| Loans and retirement and... help Posted: 31 Dec 2018 10:17 AM PST I've been putting off making this post for a while now because I am frustrated and embarrassed by my situation, but reading through other posts here I am reminded of how many others are in similar situations and how much help is available here. Thank you for reading, and for your time and input. I'm 40, and meeting with a financial advisor earlier this year I was told I needed to do something drastic with my student loans in order to do more around saving for retirement (or take a second job... hah!). In short, I spend a significant portion of my monthly income towards my student loans as I needed a lot of financial help (family unable to assist, and even with 3/4 scholarship my graduate work was expensive), which minimizes what I'm capable of doing anywhere else. However, when I applied to refinance (his recommendation), I was told my income was not sufficient for the size of my loans. More specifically, I currently owe just under 76k (with Navient, rates ranging from 4.2-6.8%). I work for a non-profit, but as I am in religious education (pastor) I do not qualify for the non-profit forgiveness programs. My credit is not great but it is steadily improving. Some refinance options turned me down completely, a few said I could do it with a cosigner, but no one in my life is capable or willing to do so. What I'm wondering is twofold, at least: 1) Is my best option to find repayment options for whatever loans qualify and 2) if so, what is the best way to go about researching and applying for them? (Subquestion: is it cynical to not trust Navient's website "help me select a repayment plan..."?) And I guess, threefold, 3) if that isn't my best option, what is? I'll be glad to clarify or give more information if it's helpful, and I'll edit this if I missed something substantial. Again, thank you for your time! [link] [comments]  |
| Posted: 31 Dec 2018 03:54 PM PST Hello! I was wondering if anyone had any recommendations for when to refinance loans. I have a private loan at 9.5% which I'd like to refinance elsewhere. I have good (710ish) credit and my parents (who have fantastic credit) are willing to cosign. I've just recently graduated. Is it helpful to show that you've made a few payments before refinancing, or is it fine to immediately try to refinance? Fine with either way, just want to be in the best position to refinance. Thanks for the input! [link] [comments]  |
| Need a loan, weighing my options, Help! Posted: 31 Dec 2018 01:25 PM PST So I'm a college student in my third year, trying to avoid debt as much as possible. Last semester I was given two federal loan options, one subsidized and one unsubsidized. I took the subsidized loan and rejected the unsubsidized loan because I didn't want to pay interest. Because I only took a partial loan, I had to use a lot of my savings to cover tuition. This semester, I'm short 5,000$, and don't have enough saved to cover it. I'd like to avoid a private loan if possible, so I'm looking at PLUS loans, or at seeing if there is a way to unreject the subsidized loan from last semester. Any thoughts or advice? [link] [comments]  |
| Posted: 31 Dec 2018 10:17 AM PST In 2012 I took out a private student loan that has since went into collections. My last payment was in 2013, and due to statues of limitations laws it had since fallen off my credit history. A couple of days ago I got a letter from them asking me to settle the debt and offered me a payment that would close the account. Should I just ignore this letter since this debt has fallen off of my credit history ? [link] [comments]  |
| Wondering if there’s any way to get around a co-sign situation Posted: 31 Dec 2018 06:01 AM PST Hopefully this is the appropriate sub to ask this...So, in 2011, i co-signed my then-boyfriend's student loan. It was a parent's plus loan so it's actually in his mom's name...I know how stupid this was, believe me. I've beaten myself up enough about it, but what's done is done. Jump to now...I've made payments on it before, and I'm fairly certain I'm the only one that has made any sort of payment on it. His mom put it into deferral since my ex went back to school. It comes out of deferral at the end of next month. It has built up a nice $6,000 extra in interest, and I'm just completely worried that I'm going to end up having to pay this off because the mom can't be depended on for anything and my ex, well, it's not in his name so why would he bother? Again, I know it was stupid...my question is, if I was able to get his mom to consolidate or refinance or something like that, would I be able to get off this loan? Is there anything I can do or do I either have to keep hounding/begging them to pay it or just give in and pay it myself? Thanks for any advice, again, I know it was a stupid decision and I will never co-sign something again no matter who it's for but it's done and this is the situation I'm asking advice on. [link] [comments]  |
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