Zeroed out a loan today. Student Loans |
- Zeroed out a loan today.
- Best strategy: pay interest on all or target 1?
- Conduent 1098-E
- I defaulted on my loan, 21, no assets worth anything, living with parents, no job (yet), what do I need to do so they don’t get hurt?
- File jointly or separately and how to renew IBR?
- How many hours do you have to be enrolled in as a graduate student to receive student loans?
- Approval Process for Earnest
- Pay aggressively or try to have some savings?
- Can anyone give me advice on where to find lowest APR private student loans?
- Rejected from SoFi as a Cosigner. How?
- Is it possible to get a student loan without a co-signer and a bad credit?
- Plus Loan help?
- Help with deciding what to do
- Closed School Federal Loan Discharge
- THIS IS SO FRUSTRATING I'M TRAPPED IN A BOX: UK/US Dual Resident Student Loans without Residency
- REAPP in Payment History
- Figuring out where my loans are from?
- Student Loan Denial
- Loan forgiveness for schoolteachers
| Posted: 28 Jan 2019 06:02 PM PST I've come a long way. 10 years ago I had no job, my personal life was a shambles and I had $42k in grad school debt, probably another $7500 in credit card debt. Today, I have my literal, actual dream job, no credit card debt, a beautiful family, and the balances on my 3 remaining loans are at about $17k. Also, after today's payoff, I no longer have to deal with Navient, just Great Lakes. It gets better. Thanks for listening. [link] [comments]  |
| Best strategy: pay interest on all or target 1? Posted: 28 Jan 2019 08:36 AM PST I have $125k in student loans, all with the federal government, and I make $15/hr right now so my actual payment due is about $75/month on a PAYE repayment plan. I live with my parents so I can pay more on them right now but I don't know which approach to take that would make the most financial sense. To just focus on keeping up with interest every month would be paying $600, which is hard to do because I also have credit card debt I'm trying to pay down. My income recertification isn't until November, by which point I hope to have a higher income but I am unclear if capitalization occurs at that point, which is why I thought maybe focusing on interest was the way to go ...but then I never actually hit the principal on any of them. The other option is to focus on just one loan & paying that down. I have a 25k one at 6.75% which is the highest interest rate I have but i also have a 14k one at 6.59% and it feels like focusing on the 14K means I'll pay it off faster but that may just be psychological comfort rather than a good financial decision. Can anyone provide some guidance on the best approach? If capitalization doesn't actually occur, then it seems that focusing on paying just one might be better but when I talked to the loan people, they made it sound like capitalization happens whenever the payment is adjusted and I am expecting that to happen by the end of the year. Thank you in advance!! [link] [comments]  |
| Posted: 28 Jan 2019 06:32 PM PST Has anybody else with Conduent loans gotten their 2018 1098-E yet? The link on the site to download it just brings up my 2017 one and I'd like to get my taxes done (plus they only have 3 more days to get them out). [link] [comments]  |
| Posted: 29 Jan 2019 12:03 AM PST Posting on mobile so I apologize for any grammar/formatting errors. I had a small loan for a year of college but was forced out for illegitimate reasons and never got to finish, had a few odd jobs but nothing worth enough to move on and out. I ignored and put off fixing my loan issue after it came due even though all I had to do to fix it was declare my income as $0 or whatever small amount it was and that I could not pay the monthly amount they requested which was the default monthly rate. I knew I should do something but was totally paralyzed every time I tried and ignored it instead. (bad I know, I'm trying to overcome some things, not asking for absolution or excuses, I know how bad what I did was) I got a letter from the DoE saying that they would notify the Treasury soon and garnish my paycheck (lol I wish) or possibly use a collection agency to seize my assets (again, I wish) What I mainly worry about is not myself or my future (it's already so fucked I struggle to care about one more tiny thing) but I do worry about my parents. They have assets that could be seized and I don't want them getting hurt by this. Is there something I need to do to protect them? In case it's relevant, I currently live in Arkansas, was living in Louisiana when I signed the loan, and the total amount they want is under $10k. I am currently searching for a job, and if I am able to find one, is calling and agreeing to a payment plan the best course of action? Are there any specific admissions of fact I should avoid making in any contact with them, from a legal or negotiating standpoint? Thanks for any help anyone can offer, I apologize in advance if this sound like a rant, pity party, ramble, or breaks any rules or etiquette. This is my first post and first time hearing about this place. [link] [comments]  |
| File jointly or separately and how to renew IBR? Posted: 28 Jan 2019 01:19 PM PST So my husband and I are filing our taxes and renewing his IBR plan and aren't sure what to do. I have about $12,000 in student loans and my monthly payment is $180. He has about $64,000 in student loans and his monthly IBR payment is $0. His current IBR plan is based on his income before we got married and it needs to be renewed by April. Last year was the first year we filed taxes after getting married. I was making $30,000 and he was making $15,000 and we filed jointly. This year, I'm making $65,000 and he's still making $15,000. Should we file jointly or separately? And if we renew his IBR plan after filing taxes, will it be based on last year's tax return or this years? [link] [comments]  |
| How many hours do you have to be enrolled in as a graduate student to receive student loans? Posted: 28 Jan 2019 10:19 PM PST Can I be a graduate student enrolled in three hours and receive loans? [link] [comments]  |
| Posted: 28 Jan 2019 12:17 PM PST I just submitted a Student Loan Refinancingapplication for Earnest yesterday (Sunday) and it looks like they approved me on the spot. They sent me the Loan Agreement to e-sign, which had the CEOs e-signature, as well as a Final Disclosure Statement. Does this seem too fast? I'm not sure if I am missing something. When I applied, I just filled out the basic personal info, which included SSN, education and employer. I also linked my banks online account to it. I did NOT send in my paystub, W2 or even my photo ID. They pre-approved me, and then had me manaully enter all my loans to be refinanced, as well as their statements. As soon as I hit Submit, they said I was approved. I then picked my rate down the sliding scale, and e-signed. Now it just says "Payoff pending. By law, we must wait 3 days before submitting payment to your lenders." This really doesn't make sense me, especially considering that I don't have a cosigner. Loan is for $170k. I was previously denied by SoFi for not having a qualified cosigner, and am still waiting for Citizens Bank and Splash Financial to review my application (both of which had higher rates and required a cosigner). [link] [comments]  |
| Pay aggressively or try to have some savings? Posted: 28 Jan 2019 08:21 PM PST So I currently have about $10,000 of federal loan left (interest rate averages to about 3.7). I've been paying aggressively, but I've recently dropped my autopay to near minimum $200 (minimum is $110). I have about $9000 on my checking, but I have no savings. I make about $1300 biweekly. My monthly budget is around $1300 (+unexpected expenses) right now. I do need to have some money on me since I might have to move out soon and will have additional expenses (rent+utilities+food+etc) Since my interest rate isn't that high, I'm wondering if it's better for me to slow down a little bit on the loan payment and try to have some savings. [link] [comments]  |
| Can anyone give me advice on where to find lowest APR private student loans? Posted: 28 Jan 2019 06:53 PM PST Lost my car, had to get a new one for school, only need 2-3 years left on School. My course load is too heavy for a job, I only need to take out maybe 2.5-3k. Thoughts? [link] [comments]  |
| Rejected from SoFi as a Cosigner. How? Posted: 28 Jan 2019 12:29 PM PST My wife applied for a $200k student refinancing loan from SoFi, but was told she cannot unless she has a cosigner. I applied to co-sign, and they immediately offered her a really good rate. I then submitted all my old paystubs, and 2 days later, find out that I don't qualify as a cosigner. This doesn't make any sense to me. Below are my details. Income is $143k Own a Home with no mortgage Live in Manhattan, NY Credit Score is 761 on Transunion per SoFi. But 790+ when I check myself on Amex, Chase, Discover, Capital One or Credit Karma. Have only $3k in credit card debt with a total line of $400k Employed for 10 Years as a senior engineer. Not a top tier school, but have a BS in engineering. When I called to ask them about it, they told me that I didn't have a positive impact on the loan, and they review me as I were taking out the loan. They said I was due to my income vs monthly expenses, credit score, employment history, and education. They told me that I need to make more money, and even if I reduced the loan to $100k, I would still be rejected. Am I missing something? [link] [comments]  |
| Is it possible to get a student loan without a co-signer and a bad credit? Posted: 28 Jan 2019 12:13 PM PST Hey guys, as the question says I'm trying to get a loan to complete my final year of undergrad. I know some of the answers I'll get probably. I should ask family (they don't live here and that affects me even more because my mom never and I mean NEVER believes me when it comes to money. She gets so agitated and I already it's a losing battle). She's also not a fan of loans even though she's unwilling to provide me with aid. It's like she wants me to figure it out and still stay in college. I've been able to do so for the last 3 years but I couldn't get financial aid this year so I have to pay out of pocket. The thing is that even if I could I can't register for classes till it's all paid for. I don't have any close rich friends to lend me money I'm not that lucky. I literally have my mom. That's it. And I can't drop out. I'd rather end myself because what was the point then? Just wasted tens of thousands to drop out? All I need is like a 11,000 loan to stay this semester. And that would be all I take. I think it's possible to pay back $11,000 plus interest especially after I graduate? What advice would you guys give? I'm stuck and it's starting to affect my life. [link] [comments]  |
| Posted: 28 Jan 2019 04:28 PM PST Hi everyone, Hope all is well. I have an issue and I've literally been in my Bursar office everyday last week with questions. So my parents and I owe 1,900 from fall, and I haven't been able to register in classes. My family and I are able to pay the remaining balance off in this time period, but I applied for a Parent Plus loan for 3,000 last Thursday so I would receive 1,500 for each semester. This is fine and all but the initial credit check we've been approved. However in the past we have been denied for a parent plus loan. The Bursar office told me it's possible that the school could still deny me, so I don't want to bank on this being my only option. At first the school said I was eligible for 4,000, but I'm really unsure. Also my student admin and my fee bill list the loan, and actually subtracted the amount I owe to 471. I'm confused if it would do this if the school would have a chance to deny me. It's cutting it close to the deadline because my parents always leave my payments to the last minute, no matter how much I remind them to do it on time. This semester I'm forcing them to enroll in the payment plan to pay off my spring semester because I'm fed up with dealing with this. Anyways my main questions are, is there still a chance of me being denied? And how long would you estimate that it would take to disburse? The second question might be hard to determine because not even my Bursar office was able to tell me, but based off of past experiences does anyone know? The money loan money started appearing on my fee bill today. Sorry if I left out important information. [link] [comments]  |
| Posted: 28 Jan 2019 03:40 PM PST So some stuff has recently happened and I now need about $3000 to help cover housing expenses for the semester. I have tuition already paid for and enough rent money for another month and don't want to ask my parents. I was thinking of taking a private loan as 3k isn't too much and I could even pay it back this summer. Any suggestions? Thanks. [link] [comments]  |
| Closed School Federal Loan Discharge Posted: 28 Jan 2019 09:20 AM PST Has anyone had any experience with this program? My school is closing at the end of the semester and with 3 years behind me, less than 1 semester of credits actually transfer to schools that I would consider attending. Has anyone successfully had their direct loans forgiven? And if so can you please provide some advice for my impending doom? [link] [comments]  |
| THIS IS SO FRUSTRATING I'M TRAPPED IN A BOX: UK/US Dual Resident Student Loans without Residency Posted: 28 Jan 2019 03:10 PM PST Hiya! First time posting, created my account specifically in hopes that someone more knowledgeable then I might be able to help! I am a citizen in both UK and US, having spent the bulk of my upbringing in England. I've been living with family in the US for the last 6 months but without proof of residency. I really want to join a Teach Next Year program and am ready to apply but became concerned surrounding loans/means of payment. I have great UK credit but no US credit. I don't have anyone who would be capable of co-signing the loan (became very good with money as a product of my family being very terrible with money). I'm aware of the absurdity that is the cost of US public education but am so committed to teaching that I'm less concerned about a quality of life with repayment. I just don't know how to apply or with whom. Any help would be so incredibly appreciated. [link] [comments]  |
| Posted: 28 Jan 2019 10:38 AM PST On the myeddebt.ed.gov website under payment history, it shows all of my payments but it has an entry the date before each payment with a payment type of REAPP, a payment amount of zero, and an amount under the applied to interest column. I don't know what REAPP means and am just looking for some clarity, thanks. [link] [comments]  |
| Figuring out where my loans are from? Posted: 28 Jan 2019 01:50 PM PST I stupidly neglected my loans and need to start paying them back. I stopped getting mail about them so I have no idea what loans I have. Where's the best place to start? I joined the FSA website and just got word they couldn't verify my identifiers(?) which I'm confused about. The mail that has come before was from fedloan but I'm not sure if it was just for tax purposes. I tried logging into their website but it cannot find an account under my info. As a last resort I could probably ask my parents but then I'd just get chewed out by them for forgetting to pay. [link] [comments]  |
| Posted: 28 Jan 2019 09:37 AM PST So I was accepted into a new school in early December of 2018, and at the time I spoke to Financial aid they stated they may be able to accept my loan from LendKey. I've already applied and was approved for the loan but then last week Jan 21st I receive a call from the Financial Aid office that they do not accept loans from LendKey since they're not partnered but only from Sallie Mae. I asked about Discover Student loans as well but they stated no, they don't accept those either. Also on January 21st the school said I am responsible for a cash payment of $3500 due February 1st. I've been crying for the past week about this. I also work 2 jobs hoping to put a dent into what I owe but it's not a lot. I've applied to plenty of scholarships but I haven't heard if I got them yet. How will I pay for school? [link] [comments]  |
| Loan forgiveness for schoolteachers Posted: 28 Jan 2019 08:33 AM PST Hello all. My wife is a public school teacher. She switched majors during college, then went to grad school, so for a school teacher she has what I think would be considered an absurd amount of student debt, about $80,000. She is in her 40's and our finances are in pretty decent shape now (finally). She went to a seminar her union put on about forgiveness programs and was told step 1 was to consolidate the loans under Fed Loan Servicing. We did that and we asked about forgiveness programs. They said to try for forgiveness we would need to pay recalculate our monthly payment and that it would go up substantially, then after ten years of on time payments she would qualify to ask for forgiveness. So without forgiveness we would be lucky to pay these off before she dies. We could possibly make the higher payments, but when I research this I can't find much evidence the forgiveness would ever occur. I find claims that 90% of claims don't qualify? So I am very wary of making ten years of higher payments only to get denied at the finish line. Has anyone ever personally done this or tried it? If not does anyone know any more about it? I am very wary of anything we are told by the loan companies, her previous loan company blatantly lied about her eligibility, I presume so she wouldn't move the loans to FedLoan. Any advice will be greatly appreciated. [link] [comments]  |
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