40k in student loan debt, making 47k per year.. feeling hopeless Student Loans |
- 40k in student loan debt, making 47k per year.. feeling hopeless
- Why millenials are financially screwed and what you can do about it.
- How soon after graduation can I enter IBR?
- Want to get away from Navient, details in post
- I'm currently studying at a non-US university (last 2 years) and will soon become a lawful permanent resident. What are my options if I want to take out a loan from the US to fund my foreign education? Is this possible?
- FYI SoFi is very strict with who they’ll work with
- (UK) I just found out that I never took enough modules to qualify for full time student position, what can I do?
- Getting A Fixed Interest Rate
- Do I have to pay back a parent plus loan as a student?
- ECF denied. Working at a 50/50 nonprofit/for profit hospital. Any advice?
- Any advice for planning when you have to add more loans?
- Family member left school because of mental health issues and owes $1300 Pell grant back. Need help with forgiveness.
- Navient is claiming I missed a student loan payment and I’ve had automatic payments set up since I started paying my loans
- Should I refinance 50k in student loans?
- 100k Parent Plus loan income driven plan help
- Is true for both federal and private loans that you don’t start paying them back while a full time student? Even if you change schools?
- When is the earliest you can apply for a student loan?
- How much to take out in loans?
| 40k in student loan debt, making 47k per year.. feeling hopeless Posted: 08 Feb 2019 08:58 AM PST As the title states, my current student loan debt is astronomical compared to my income. The cost of living where I live is also skyrocketing. The payment plan which would get rid of this debt in 10 years would cost me over $400 monthly which I cannot afford. The income based plan would cost me $150 monthly which is affordable and would make me eligible for PSLF in 10 years.. however, if I am not approved for PSLF (likely given the low acceptance rate) I suspect I will never pay off this debt at that payment, given all the interest that will accrue. I am feeling extremely down, and feel that this is going to be a financial burden for the rest of my life which will impair my ability to buy a home, have a family, etc. Sometimes I wonder if college was even worth it. Does anyone have any suggestions or alternatives I haven't considered? Thanks. [link] [comments]  |
| Why millenials are financially screwed and what you can do about it. Posted: 08 Feb 2019 10:39 PM PST I have been following this dude for a while now, said it like it is. https://www.youtube.com/watch?v=sf1Nxy2EiK4&ab_channel=MinorityMindset [link] [comments]  |
| How soon after graduation can I enter IBR? Posted: 08 Feb 2019 08:43 PM PST If i graduate in May when can I enter it? I won't be employed for awhile and will not be able to make payments [link] [comments]  |
| Want to get away from Navient, details in post Posted: 08 Feb 2019 09:55 PM PST I have been paying on my student loans with Navient (which I consolidated with them), but it feels like even when I pay extra, my balance isn't going down. I'd like to refinance and get away from them, for a variety of reasons. Here's the kicker: I didn't finish my degree, so I know SoFi isn't an option. My credit score is currently in the 660s, and going up (I've been working hard on this!). I've heard good things about Citizens Bank, are there any other options I should look into? Sorry if I'm not explaining well or leaving out details, it's late as I'm typing this and I really should get myself to bed! [link] [comments]  |
| Posted: 08 Feb 2019 03:43 PM PST |
| FYI SoFi is very strict with who they’ll work with Posted: 08 Feb 2019 07:16 AM PST I requested to refinance $18k worth of private loans with high interest rates from Sallie Mae. My income is $38k and my co signor is $50k and we both have 750+ credit scores. SoFi wouldn't come near me. I'm currently in the process of refinancing with Citizens Bank which is open to all US citizens. The interest rates are 4-10% depending on all the normal factors, no loan origination fee, interest discount available for auto pay and for having a bank account with them. Im mentioning this because I was having trouble finding a bank to refinance with and thought someone else might be in the same boat. [link] [comments]  |
| Posted: 08 Feb 2019 07:12 PM PST I applied for full time student loans for a full time student position at uni. Through the fault of my own, I only took four modules instead of six required and there's only one more module for this semester. What will happen now? Will my finance be taken away/will I have to reapply/will my uni course take longer/can I just pick up extra modules next year? Edit: I'm just worried about my finance etc, I really don't understand what I should do or if I should inform anyone or if trying to pick up modules next year will be worth doing, or will I still only have funding for a part time student? [link] [comments]  |
| Posted: 08 Feb 2019 07:00 PM PST My current interest rate on my private student loan is at 9.75% with a variable rate. When I started paying it was in the 6% range. Is there a way to refinance and get a fixed rate? [link] [comments]  |
| Do I have to pay back a parent plus loan as a student? Posted: 08 Feb 2019 06:51 PM PST My dad took out 20k in parent plus loans and 30k under my name in regular government loans so I could get through college. I have a job in the field I went to school for. My dad is making me pay $230 a month of the parent plus loans. That is on top of the $320 per month that I pay in the loans under my name. My dad told me my credit score would go way down if I defaulted on the parent plus loan. Even though I have a decent job, I cant afford rent, food, and my medical costs in addition to the government and parent plus loans. I feel my dad is lying to me about the credit score thing. The loans are in his name only. Would it really affect my credit score if I didnt pay them? Should I be paying this loan in someone else's name when I can barely afford to support myself? I have to choose between buying groceries and going to the doctor or paying his loan. [link] [comments]  |
| ECF denied. Working at a 50/50 nonprofit/for profit hospital. Any advice? Posted: 08 Feb 2019 06:17 PM PST My girlfriend recently graduated nursing school May 2018. She began working at a Methodist hospital shortly after. She filled out the ECF form for pslf and was denied after about two months of waiting for an answer. The lady she spoke to told her that she could continue to apply for pslf and see if they review it again and pass it. From what we understood, the hospital she works for is 50/50 nonprofit/ for profit. Has anyone else had this problem or any advice on trying to get them to pass it? She currently owes 90k in student loans. Thanks for any help. [link] [comments]  |
| Any advice for planning when you have to add more loans? Posted: 08 Feb 2019 03:20 AM PST I'm currently getting my nursing master's at a school that's prestigious but EXPENSIVE AS FUCK. I'm looking at about $70k in additional loans, which gives me a stomachache just thinking about it. On top of that, I have about $90k in loans from college and my first grad school experience. The bulk of these are actually from the latter. Nursing is my second career, and when I graduated from college I thought I wanted to be an occupational therapist. School was very expensive and I left after my first year because I hated it so much (not saying that OT isn't a great career, because it is. Just not for me). The fact that the bulk of my loans are from something that amounted to a giant mistake just kills me. I do think the school is worth it even though the cost is exorbitant, but omggg Anyway, my point to all this is - any advice for approaching the existing loans knowing that I'm just adding more? My husband is very supportive, but like me, is already planning for the rest of our financial lives. We wanted to try to pay for one class ourselves each semester - comes out to about $30,000 that we wouldn't have to take out in loans. But beyond that, how would you guys approach? He has no debt (THANK GOD) and our only non-negotiable cost each month is our mortgage payment. Tl;dr: Any advice on a plan for loan repayment when you have to add a hefty chunk more to your debt burden? Edits: it's 6:21 AM and my brain is not really functioning sorry [link] [comments]  |
| Posted: 08 Feb 2019 01:14 PM PST Hi everyone, As the title says, my cousin left a community college where a Pell grant was received. It needs to be repaid in the amount of $1300 because he left. Apparently, there is an option for this to be forgiven. But also, the doctors are refusing to give a doctors note because he left the hospital against their medical advice. I'm wondering if anyone here has done this process or if they can point me in the direction of the law or code or regulation that allows forgiveness if a medical note is received. I have done some research but can't find anything in a Google search. If I can just get the law or code, I can go from there with my legal education and background. But any and all help beyond that would be so appreciated. Thanks! [link] [comments]  |
| Posted: 08 Feb 2019 11:42 AM PST My bank statement indicates that the supposedly missed payment was made on time. Will this affect my credit? What kind I do in this situation? [link] [comments]  |
| Should I refinance 50k in student loans? Posted: 08 Feb 2019 10:15 AM PST Combination of Federal + Private Sallie Mae loans. Credit score of low 600. Not sure what the best decision is here as I've heard its often worse to refinance with bad credit. I'm 26, with a 47k job. [link] [comments]  |
| 100k Parent Plus loan income driven plan help Posted: 08 Feb 2019 12:36 PM PST So my friend's mom has a parent plus loan that has been in deferment for a long time. It is up to $102,272. $84,477 principal, and $17,894 in interest. Monthly payment would be $591.23 which isn't even enough to cover the accrued interest each month. My friend is very concerned for her mother to have this burden under her name, but doesn't have enough to pay the loan either anywhere near $600 a month. We have heard about the income driven plan which we are thinking for her mother to request to be put under. Her mom makes closer to $35,000 a year and will probably be in that ball park the rest of her life. I see that there is a loan forgiveness after 25 years. Is it crazy or scummy to think of her mom going under the income driven repayment plan, which would likely be considerably low payments for the 25 years, and eventually it be forgiven? It states the loan after 25 years of payments is forgiven, "Offers loan forgiveness after you make the equivalent of 25 years of qualifying monthly payments." Note her mom is married, and her husband probably makes closer to 100k, but they have their own family and issues to worry about than absorbing $600 bill every month. Is there risk of his income being coupled in with the mothers? [link] [comments]  |
| Posted: 08 Feb 2019 10:13 AM PST Let's say you end up leaving university for a community college or something similar. Or change schools. Would you have to start paying back loans then? What if you switch to being a part time student? Would you have to start then? [link] [comments]  |
| When is the earliest you can apply for a student loan? Posted: 08 Feb 2019 08:00 AM PST For a private loan. I know that the fafsa is open for most months. [link] [comments]  |
| How much to take out in loans? Posted: 08 Feb 2019 06:19 AM PST Hi everyone. I'm a transfer student from a CC (got my AA for free via dual enrollment) to UF for Fall 2019. I'm not able to pay out of pocket for tuition and I won't be getting any help from my family. The tuition for two semesters is $6500 and I'll need to able to pay for rent and utilities etc. I'll be working but even if I work full time due to the nature of my job (I can transfer to Gainesville) I won't be making much- probably enough to pay for my car bill, phone bill, food etc. maybe enough for savings as well. I'm sorry if this is a poorly phrased question, but do you have any advice? Edit: I'm going studying Cultural Anthropology and I'm fairly confident with the job market and the multiple career paths I'm capable of taking. I intend to get a Masters as well. [link] [comments]  |
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