Is unbury.me right? Have ~68k student loans to pay off. Avalanche method. Student Loans

---

• Is unbury.me right? Have ~68k student loans to pay off. Avalanche method.
• What's wrong with the FAFSA website?
• Got two refund checks in the mail from Navient. Is this legit?
• Psfl forgiveness from a 501c1
• How do I find my loan servicer to start paying a deragatory loan?
• IBR plan 15% and being taxed on “forgiveness”
• Just accepted a scholarship after loan and grant disbursement
• Refinancing question - Laurel Road
• Refinancing Sallie Mae loan
• Looking for Laurel Road Review
• Question about married couple filing jointly, both on IBR repayment
• Can I change my repayment plan during the Income recertification application process?
• Stopped paying back my private student loan, my mom (cosigner) passed away, can they do anything to me?
• SO’s loan servicer keeps taking my money despite instructions to the contrary
• Need a loan for foreign enrollment. Please help!
• Help please
• Revised Student Loan
• Possible to consolidate private loans?
• How do you figure out the interest amount that will be capitalized when switching plans?
• Dumb questions about consolidation / default
• Monthly payment lower on REPAYE vs IBR, should I switch? PLSF qualified

Is unbury.me right? Have ~68k student loans to pay off. Avalanche method. Posted: 30 Jan 2019 03:07 PM PST To make this short, I messed up on paying correctly for the past few months as I did not understand interest etc. With my new knowledge now, I am trying to do it correctly for 2019 and use the avalanche method. Here is a link to a screenshot of my loans from my Excel sheet: https://unsee.cc/24d2537f/ (Image will auto delete within ~22 hours) Quick info: The 76 months is referring to me paying $300 minimum per month towards one loan at a time and paying the minimum based on being on IBP (which is basically $42). I paid $689.91 total for January 2019. 648.55 went to one loan (1-02) and the rest was for the minimum. The 3 highlighted in light orange are the 3 I plan to focus on to pay off ASAP, in that order, based on how much interest I would be charged per 30 days. My total interest cost would be $244.26 per 30 days. Total loans are ~$68,537.01 (was ~$69,007.50). unbury.me however seems to think I should pay off 1-08, 1-09, 1-07, 1-06, and 1-01 before I tackle 1-02. Is this correct? Am I doing everything right or does it need adjusting? For a better idea of my financial situation, see my post on reddit here: https://www.reddit.com/r/personalfinance/comments/akmgav/weekday_help_and_victory_thread_for_the_week_of/. submitted by /u/OverworkednClueless [link] [comments]

What's wrong with the FAFSA website? Posted: 30 Jan 2019 04:17 PM PST I've tried to continue my FAFSA like 7 times. It keeps saying FAFSA on the Web has encountered an error. We apologize for any inconvenience this may cause. Click "OK" to return to the FAFSA on the Web home page I'd really like to get this process going. Any tips? edit: on google chrome, disabled my ad blocker for the site submitted by /u/tyaak [link] [comments]

Got two refund checks in the mail from Navient. Is this legit? Posted: 30 Jan 2019 06:11 AM PST Two checks in the mail— both look legit. The only reason given on the letter is "You Have Overpaid Your Student Loan." There is also a number (can I post a phone number on reddit? Probably not.) I recently refinanced my loans through NaviRefi, so I'm very confused by the timing of this. submitted by /u/The_Goddamn_Grimace [link] [comments]

Psfl forgiveness from a 501c1 Posted: 30 Jan 2019 06:45 PM PST Can you work at a credit union and qualify for PSLF forgiveness? They are a 501c1 and could arguably be said to be providing "public education" of financial products...maybe? submitted by /u/annyshell [link] [comments]

How do I find my loan servicer to start paying a deragatory loan? Posted: 30 Jan 2019 06:07 PM PST Throwaway for obvious reasons. I owe the Dept of Vet Affairs a little over 2k according to my credit report. I actually thought this was included in the payments I was already paying. I want to start paying it. I'm not sure who I call to set up payments. My credit report says the account was placed for collection and the lender info is Pob 11930 St Paul, MN 55111. Do I call the Dept of Veteran Affairs directly? submitted by /u/PlusCompote [link] [comments]

IBR plan 15% and being taxed on “forgiveness” Posted: 30 Jan 2019 01:49 PM PST Currently I'm changing my repayment plan from the REPAYE (10%) plan to the IBR plan (15%). Reason being is I'm getting married this year. And REPAYE count both incomes. I was told that I do not qualify for the for PAYE plan at 10%. So I would have to use the IBR plan at 15%. Currently I have $213,000 in loans. Under the plan after 20 more years my loan will be forgiven but taxed. I will be taxed for $550,000. Which means the IRS will want around $171,000 in taxes. I hope to still be around in 20 years, however I have borderline COPD. That will probably only get worst. Do I have any other options? I'm I stuck paying 15%??? What happens when I can't pay taxes in 20 years???? Thanks in advance for responses. Hopefully this post can help others. submitted by /u/NCusingsc [link] [comments]

Just accepted a scholarship after loan and grant disbursement Posted: 30 Jan 2019 05:04 PM PST I just accepted to take a scholarship for $1000 that will cover the cost of $1000 of my Unsubbed student loan. All of my fees were paid for with grant money and I took out the loans to help with my living situation. I have never received a scholarship and I am under the impression that scholarships can only be applied to tuition and fees, so I am wondering if I will receive a refund of $1000 if everything is already paid for or if I will just have the $1000 taken off my loan? My schools financial aid office is closed at the moment and I have this question running in mind over and over. submitted by /u/DemiLavotosForehead [link] [comments]

Refinancing question - Laurel Road Posted: 30 Jan 2019 12:38 PM PST Hi there, I had a question regarding refinancing of student loans from medical school. I have about $200,000 in loans at 6.5% interest, with about less than 2 years left in residency. I've been fortunate to be in a field where first year salaries attending salaries are north of $300,000, and my significant other is also a physician who will be making more than $175,000 once done with training in 3 years. Current salaries as residents combined is >$100k and we have a 30 year fixed mortgage @ 3.9% @ 190k. While not guaranteed, we are both likely to get jobs without too much fuss. I am considering refinancing with Laurel Road - the rate they gave me is competitive at 4.5% with repayment in 5 years, and the eventual payment needed after graduating seems reasonable (given the salary at that time - it'll be ~$3800 a month). I've been aggressively paying back my loans to date and will continue to do so after refinancing, but would like to have some financial flexibility and pay more towards the principal, as currently about half of it is going towards interest. Just wanted to know if this seemed like a reasonable pathway, and this would also allow us to max out our Roth IRA accounts more easily (employers don't match retirement other than a fixed amount which gets taken away). Also - per the prior posts regarding refinancing I"m aware that this waives my ability to use IBR, forebearance or other perks of federal loans. My thoughts here are that I am somewhat unlikely to use these things anyways. ​ -Thanks!! submitted by /u/md2refinance [link] [comments]

Refinancing Sallie Mae loan Posted: 30 Jan 2019 04:20 PM PST Hello to all I am interested in refinancing my SM student loan(co-signed with my pops). As background info, I am 25M, graduated with geology and petroleum engineering degree, have a credit score around 600-650 (made bad credit card decisions in college), likely to bring in around 55k(first time making this) this year and have a total of 60k in loans. 28 private and 32 federal. I want to refinance my private because the payments are not manageable. The private loan split between SM 12% and HL is 6.5%. Anyone have advice on getting someone to refinance this loan? I'm not having my success so far. Thanks in advance for any help given. submitted by /u/Amanuel12 [link] [comments]

Looking for Laurel Road Review Posted: 30 Jan 2019 11:36 AM PST Has anyone banked with Laurel Road before? I'm looking for a bank to refinance my student loans with. They've given me the lowest interest rate so far but I want to see what the community thinks about them submitted by /u/michaelmikho [link] [comments]

Question about married couple filing jointly, both on IBR repayment Posted: 30 Jan 2019 02:07 PM PST Hope this isn't redundant, but the situation where both married parties are on IBR is not clear. I am looking to find out whether or not we should file jointly on our taxes or separately. Some facts: newlyweds in 2018 not currently students I work in private business, she in public school qualifying and set up for 10 year forgiveness both on IBR and will be for the foreseeable future both of our IBR repayment plans were set up and renewed prior to getting married (November '18) Our current situation: me: ~$25,000 in all federal student loans on IBR payment plan salary $50,000 do student loan interest deduction each year new home owner so would be utilizing mortgage interest deduction her: ~$50,000 in all federal student loans on IBR payment plan salary $52,000 do student loan interest deduction each year new home owner so would be utilizing mortgage interest deduction Main Goals: we would both like to keep IBR as well as our current payments roughly the same ~$200/month each we would like to benefit from any married tax benefits we would like to claim mortgage interest deduction and student loan interest deduction Any advice is appreciated! submitted by /u/osho8 [link] [comments]

Can I change my repayment plan during the Income recertification application process? Posted: 30 Jan 2019 10:06 AM PST I have another post that details why I'm considering changing repayment plans from IBR to REPAYE. If I decide to switch, can I note this on my income recertification application? Or do I have to fill out something else? submitted by /u/sierra400 [link] [comments]

Stopped paying back my private student loan, my mom (cosigner) passed away, can they do anything to me? Posted: 30 Jan 2019 01:51 PM PST I've been paying the minimum on my private student loan for the past few years. The only reason I kept paying is because my mom was the cosigner. Now that she's passed, I have no incentive to pay back my private loans (my federal ones are on IBR for the time being). What can a private lender do to me? I owe over $115k, I make $13/hour, have no assets outside of a shitty, used car. They can't garnish my wages since it's already so low. I guess they can sue me for a judgement but what happens if I physically can't pay? There's no way for me to make my minimum payment and pay for rent/food at the same time. We used to get by thanks to my mom's disability check. I've talked to my lender several times, but I've run out of deferments. What the fuck else can they do to me? What else can they take from me? submitted by /u/PhysicalEmotion2 [link] [comments]

SO’s loan servicer keeps taking my money despite instructions to the contrary Posted: 30 Jan 2019 12:18 PM PST My SO had some medical issues recently so I paid some of his student loans. Each time I did, I told them that I only authorize the one-time payment. They have now charged me three separate times without any authorization. What recourse do I have here? submitted by /u/s87jackson [link] [comments]

Need a loan for foreign enrollment. Please help! Posted: 30 Jan 2019 11:41 AM PST I've been accepted to a Masters program at TU Delft in the Netherlands. It's my dream program and I almost have enough in savings to cover everything. Unfortunately I'm about 10,000 euros (~12,000 USD) short of being "safe" (planning for unknowns like emergencies and not being able to find part-time work). 10,000 is nothing in the long run, I have decent credit (740ish) and I'd be able to pay it off in a year. Unfortunately I do not qualify for student loans in the Netherlands and TU Delft is not on the FAFSA list of universities, making me ineligible for typical student loans. I've called Wells Fargo, Sallie Mae, Discover, and I even asked my credit union if there was any kind of loan available for my circumstance. All of them said no. I asked the university if they had a list of lenders from the US and they referred me to the scholarship webpage. Does anyone know where I can get a loan to attend this program? Are there any niche strategies that I could employ? Please advise and thank you. submitted by /u/mattmandude [link] [comments]

Help please Posted: 30 Jan 2019 05:06 AM PST Background info: https://www.reddit.com/r/StudentLoans/comments/a19vvg/needing_a_second_opinion_or_set_of_eyes_am_i/ Since posting this thread 2 months ago, I have changed from PAYE to REPAYE, and job change has landed me an additional ~30k income. Switching from PAYE to REPAYE, they automatically put me into a forbearance for a month (without my knowledge)... and now I have a letter that states the interest ($1,032.91) will capitalize next month, yet my total outstanding interest is $2,472.14. What options do I have here? Trying to do the math and figure if I'm better off paying off the interest now or just letting it add to my principal and continuing on the road to 25 years of forgiveness + tax bomb. submitted by /u/BigDebtBilly [link] [comments]

Revised Student Loan Posted: 30 Jan 2019 10:35 AM PST I made a reddit post last year asking for help to pay off my loans and I wanted to get someone advice/ suggests on paying off my loans (eg which one I should pay off in which order). Some background info: I've been putting at least 1000-1200 towards these loans. My current job pays 10.25 an hour ( i might get a promotion in the next couple of months) and I'm currently looking for internships/ certifications to help with my job career search. I also live at home rent free and I've been budgeting with 150 dollars for personal expenses or going out. I've paid off loan 436 with an extra $300 on Jan 26th. I think the next loan I should pay off soon is 430 since it has the highest interest. Then I should move on to loans 432 and 435 since both of them have a really low principal. What do you guys think? Personally, my goal is to reduce my total principal by 16 to 18K by the end of 2019. ​ ​ Subsidized Loans 428 1762.65 3.61 429 3458.46 4.41 431 3458.21 4.04 432 988.06 4.04 435 988.06 4.04 437 5433.80 3.51 441 5434.51 4.20 21523,75 ​ Unsubsidized Loans 430 1620.39 4.41 433 2232.11 4.04 434 4460 4.04 436 256.52 4.04 438 2126.16 3.35 439 2607.08 3.51 440 1042.77 3.51 14088.12 ​ submitted by /u/iconic_equestrian [link] [comments]

Possible to consolidate private loans? Posted: 30 Jan 2019 10:21 AM PST So I keep hearing that it's possible to consolidate private loans with public loans, or at least private loans together. The short version of a very long story is I need to get my grandfather off as the co-signer of two loans because of a lot of family drama that I don't have the time or energy to get into. Is there a way to: a) get my grandfather off those two Sallie Mae loans and have my mother, who is my other co-signer on my other loans, or someone else take over so he has nothing to do with it? b) consolidate Sallie Mae loans c) have them consolidated with public loans where I qualify for some loan forgiveness Edit: Other factors: I'm chronically ill and currently working part time while trying to get my health in order so I don't qualify fully for any disability, and I intend to go to grad school so I can't have this all in the shitter for later submitted by /u/MooreCandy [link] [comments]

How do you figure out the interest amount that will be capitalized when switching plans? Posted: 30 Jan 2019 10:21 AM PST Sorry if I am posting too many questions. I am looking at my account on fedloanservicing and it shows "principal balance" and "unpaid interest". Is the amount next to "unpaid interest" the amount that will be added to the principal amount if I switch repayment plans? Is this the capitalized interest folks are referring to? submitted by /u/sierra400 [link] [comments]

Dumb questions about consolidation / default Posted: 30 Jan 2019 08:31 AM PST Hello, I had a lot more to ask but google helped me with most of it. So, I recently did a consolidation and income based repayment while in default status. Last year they took my federal refund to repay part of my loans, which I am okay with. This year however, I will need the money because of various things such as my son's disability. I am curious when I should file my taxes this year to avoid them taking my refund again? Thanks! submitted by /u/d3fq0n0n3 [link] [comments]

Monthly payment lower on REPAYE vs IBR, should I switch? PLSF qualified Posted: 30 Jan 2019 08:11 AM PST I am in the PSLF, work for govt. I have 66 payments left of on the 120 payment forgiveness track. My income recently increased significantly. I've been paying about $350/month on IBR. Now my estimated payments under IBR are $650-700, much higher than the 10 year standard plan which is $480. If I switch to REPAYE, my monthly payment will be slightly lower than the Standard monthly, about $450. I know there are some negatives to REPAYE, but I am not married although the potential for marriage in near future is pretty high but it could be postponed for 5.5 more years.... Also if I do switch now, I am in my recertification period (need to recertify by end of Feb), will I have to make one full standard payment or two? It's saying on my recert letter that if I don't recert in time my payment jumps to $730. Not sure what $730 comes from because my payment on standard plan shows as $480 on the studentloans.gov estimator..., Advice? EDIT: ok, $730 is my current standard monthly payment not $480. submitted by /u/sierra400 [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