Submitted my last payment today. Student Loans |
- Submitted my last payment today.
- For those that have $220K of student loans, can you share you experience with life after school.
- Paid off 1/4 of my loans!
- Student loan union?
- Appealing Plus Loan Credit Denial
- Sorry for the dumb question regarding PSLF
- Our income changed in September. How to get our IDR payments reduced?
- Trying to recertify my IDR plan can't directly link to my tax info with IRS anymore
- Help. Last semester of college. Currently no loans
- Refinance/Consolidation Question
- Help, Can’t get more private or federal loans.
- Need advice for settling a private loan from grad school
- Total and Permanent Disability as means of Student Loan Forgiveness
- $0/mo payments under PSLF, but they are not being counted as qualifying payments on monthly bills?
- Riding out loans until 20 year forgiveness while just making minimum payments.
- Where do I start in terms of applying for student loans?
- PAYE
| Submitted my last payment today. Posted: 06 Jan 2019 11:08 AM PST graduated in december '16 and owed 30k. I don't have a huge success story about how I was making all kinds of money, quite the opposite. been working a minimum wage job on the side since august, taking PTO from my main job and working there almost full time during those periods. Lived at home, been eating plain noodles with butter and cheese for almost 2 years. I give a lot of credit to my parents for allowing me to do this. I think I owe nelnet 30 cents because today's sunday, but happy to be done with this and just wanted to come on and say that. Used to lose a lot of sleep over this. Anyways, I'll still stick around because I love this community but just wanted to wish the best of luck to all of you. [link] [comments]  |
| For those that have $220K of student loans, can you share you experience with life after school. Posted: 06 Jan 2019 03:36 PM PST I am about to graduate with about $220k loans and want to hear from others to gain perspective. How did you choose to pay off your student loans (aggressive, refinanced, consolidated, PSLF)? Estimated time span to pay off loans? Average annual income since graduating? (you dont have to answer this if you feel its too personal) What is your quality of life? Thank you very much, any tips/advice is welcome. [link] [comments]  |
| Posted: 06 Jan 2019 03:01 PM PST I graduated in May 2018 with a great job lined up. I had borrow 30K in my name & 10K in my dads name. As I'm leaving my deferment period, I was able to pay off the loan under my dads name. A late Christmas present for him! My budget plan is to be student loan debt free by the end of 2019 [link] [comments]  |
| Posted: 06 Jan 2019 08:52 AM PST Are there any student loan holders unions out there? There's so many movements out there. Women's March, metoo, black lives matter, "left" sided group's and "right"sided group's. Student debt effects every gender, race, and political ideology. Student loan debt is sad and it sucks but it can be a uniting force for people who share the 1.5 trillion of debt for poeple trying to better there lives though education. Are there unions for people like us? If not, how to create a union? What if those of the 44 million struggling with student debt banned together and said "enough is enough"? [link] [comments]  |
| Appealing Plus Loan Credit Denial Posted: 07 Jan 2019 12:33 AM PST I recently applied for a Grad Plus Loan but was denied on the grounds of adverse credit history due to a defaulted loan from several years ago. The loan in question was consolidated back in 2015 and paid in full. I've already submitted documentation showing loan was consolidated and paid in full from my current loan servicer. Unfortunately, I'm supposed to commence my masters degree in late January and I dont currently have the funding in place due to the plus loan credit denial. Does anyone know how long it typically takes for the student loan support center to review the documentation and render a decision? Also if anyone knows of a way to expedite the process I'm all ears. I'm really freaking out right now and would appreciate any feedback some people who have gone through this process. [link] [comments]  |
| Sorry for the dumb question regarding PSLF Posted: 06 Jan 2019 07:15 PM PST My gf has 6 loans, 4 of them appear to be qualified for PSLF as they are direct and fit the description of loans that qualify. 2 of them do not, all are service thru MyFedLoan. Can she apply increased payment to the 2 non PSLF eligible loans without penalty? I don't want her to pay those off faster and harder but then the other loans get into paid ahead status or something. Am I overthinking it and she will be just fine? Thanks [link] [comments]  |
| Our income changed in September. How to get our IDR payments reduced? Posted: 06 Jan 2019 06:31 PM PST I started grad school and left my job, husband took a lower-paying job. He tried to do the "Recalculate my monthly payment" option on the INCOME-DRIVEN REPAYMENT (IDR) PLAN REQUEST page, but it tried to make him link to the IRS, no option to manually type in our current income. Linking to the IRS would not let studentloans.gov know about our new lower income, because our income changed in Sept 2018 and we filed taxes in Jan 2018. Soooo...are we out of luck until we file taxes in 2019? [link] [comments]  |
| Trying to recertify my IDR plan can't directly link to my tax info with IRS anymore Posted: 06 Jan 2019 04:19 PM PST It appears they removed that option to link the info now all I see is "because your form did not include directly linked tax information you will need to submit proof of income by mail" ... which means mailing a paper application and a paper copy of my W2... which I'm just going to go ahead and assume means a huge delay. Questions: 1.) Am I unable to link to the tax info directly this year because of the government shutdown? 2.) Will mailing a paper recert and paper W2 potentially mean delays going past my recert deadline in February? (especially with the government shutdown) 3.) Am I missing something this year is it still possible to somehow get the direct tax info link to work on recert applications? It appears to only be available if you are doing a NEW FAFSA form. [link] [comments]  |
| Help. Last semester of college. Currently no loans Posted: 06 Jan 2019 04:12 PM PST I start my last semester of college next week and I can't afford it. The financial aid office notified me in December they incorrectly calculated my aid because they assumed I was graduating in fall of 2018. My scholarship ran out and now I have a tuition bill of 19k. I'm a total lost here. I only have $2k in savings and make around $800 a month,but that pays for my rent(580) & insurance(200). I don't have any type of debt. I have 3 credit cards I pay off in full monthly. I own my car and have a 754 credit score if that matters. I never looked into loans because of my scholarship. I have no idea where to start. I am currently 22. Should I just take the semester off and work more or apply for a loan? Also, what type of loans do you all recommend? [link] [comments]  |
| Refinance/Consolidation Question Posted: 06 Jan 2019 04:05 PM PST I just graduated and I agreed to pay all of my student loans, but FAFSA split them up between my mom and me. Does anyone have experience consolidating or refinancing loans with their parents? I'd really like them all to be one loan under my name so I can easily make the payments. Any advice would be appreciated. This is all new to me and my grace period ends in February. [link] [comments]  |
| Help, Can’t get more private or federal loans. Posted: 06 Jan 2019 09:38 AM PST I'm a full time student enrolled in a masters program at a private school. Money is tight. I have already taken out the maximum allowed loans defined by my schools cost of attendance. I ran out of loan money last month. I have to pay for expensive car repairs and I'm racking up credit card debt. Keep in mind I have no other income and use loans for ALL living expenses. Do I tough it out? Do I find another type of loan? Working part time won't be very possible because I'm in my internship year and I'll need to work between 40-80 hours depending on time of year. I've considered fixing my car and doing Uber driving. Let me know guys.... I've been through financial shitholes before but I feel helpless here. [link] [comments]  |
| Need advice for settling a private loan from grad school Posted: 06 Jan 2019 02:37 PM PST After many years, I've decided to resolve a private loan that's been in and out of collection. I'm a 52 yo female who doesn't have a lot set aside for retirement. My financial history is complicated by 2 years out of work between 2009 and 2011. I actively searched for work but was a victim of the financial downturn of 2008. I've reached out to a private university to settle a very old (> 20 years) private loan. The original amount was 12K, but late fees and other charges have more than doubled the past due amount. The university is being very helpful and asked me to send an offer, which they will review and either accept or issue a counteroffer. I don't have a lump sum available for payment, so I would also need to set up a payment plan. Bonus fact: I currently work for the same university. How much should I offer to pay back? I'm single, making 63K per year, and otherwise debt free. The student loans are my only debts. Someone said I shouldn't offer less than the original loan, but honestly, they're never going to get the total back from me. I'm also repaying more than 100K in federal loans under an income contingent plan. The monthly payment doesn't even touch the interest. I'd love to negotiate that debt as well, but that's a project for another day. I'm thinking of offering about 5K total, with a payment plan of $150 per month. I suspect they'll laugh and laugh, but I don't want to offer the whole amount and miss a chance to pay less. It's a big university, and they've probably already written off the debt -- my pitiful payment is a drop in a very large bucket to the university, but makes a difference to me. I'd appreciate any advice. [link] [comments]  |
| Total and Permanent Disability as means of Student Loan Forgiveness Posted: 06 Jan 2019 01:21 PM PST Has anyone used this to get their federal student loans forgiven? What is the process like? [link] [comments]  |
| $0/mo payments under PSLF, but they are not being counted as qualifying payments on monthly bills? Posted: 06 Jan 2019 01:18 PM PST I graduated in May 2017 but due to layoff and under-employment was on $0 payments for the entirety of 2018. I started a qualifying job under PSLF in September and applied 10/06/2018 once I had my first paystub in hand. November 20th, I received the official letter that Fed Loan had received all of my materials from Great Lakes Borrowing and had approved my eligibility for PSLF. On this letter they said that I had made 1 qualifying payment and that my Qualifying Employment End and Begin Dates were 09/04/2018 - 10/01/2018. I resubmitted my IBR certification for the year in November. My payments for each month have been $0 until this month (January) where Fed Loan has told me my new payments under IBR will be $243.59/mo for the rest of this year. However, on the letter that they sent it still says that I've only made 1 qualifying payment. I didn't pay for December because it was $0 payments and there was nothing to pay. Under Great Lakes Borrowing, I never had to do anything I also was reading through the original letter that says that the number of qualifying payment is made within each ECF form by the employer. So, I'm asking that I won't see the number updated until I resubmit it in September of 2019? I'm going to make a spreadsheet to keep track of all of the payments that I make and on what dates just so that I am doing my absolute best to maintain eligibility and qualifying payments. As for the 1-2 $0 payments are they going to not qualify because I didn't go in and physically "pay" them, or will they still count? Because I don't know if I have made 1 qualifying payment (September) or 4 qualifying payments (Sept-Dec) [link] [comments]  |
| Riding out loans until 20 year forgiveness while just making minimum payments. Posted: 06 Jan 2019 01:03 PM PST I have approximately $120,000 in federal student loans. I am currently in the (IBR) income based repayment program. My minimum due monthly is approximately $100. The average interest rate is approximately 6.8% [link] [comments]  |
| Where do I start in terms of applying for student loans? Posted: 06 Jan 2019 11:16 AM PST Halfway through my first year of college. I have a bill of roughly 12k i believe. I asked my parents to apply for parent plus loans but both of them told me that their credit was not approved or it just didn't work for whatever reason. Now i am not sure what my next step should be. Ideally i think i should apply for a loan that covers my entire first year of college and then go from that point for the next year. Any advice would be greatly appreciated as i am clueless at the moment. Thanks in advance [link] [comments]  |
| Posted: 06 Jan 2019 07:32 AM PST Just posting for some advice about the PAYE system. Background info: I am a senior student in Veterinary School in the US, entering my last semester. I have used some loan repayment simulators in order to determine my best route for repaying my student loans, and it appears that PAYE is my best route. I have had a few meetings with financial advisers through school, and recall at one point one of them mentioning stopping deferment as soon as possible with this plan. His logic behind this was that it starts the clock sooner for the 20 years of payment needed before loans are forgiven, and he stated that since my discretionary income during my job search would be $0, I would not have to make any payments, but would still be working towards the time for forgiveness. Based on this discussion, I have two major questions:
Thanks in advance for your thoughts! [link] [comments]  |
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