Another one bites the dust! Student Loans |
- Another one bites the dust!
- ITT Tech Student Loans (Shutdown/Unpaid loans)
- Collections agency charge waived with loan rehabilitation?
- Any downsides to putting forth a massive payment towards loans?
- Any downsides to 25 year repayment plan with intention to pay it off sooner?
- Recalculate Early - One Month Forbearance
- Title 1 Instructor
- I tried to make an excel spreadsheet to forecast my student loans. Is anyone an expert that could take a look?
- Earnest: Refinancing Private Student Loans
- Denied Student Loan Refi
- Late Payment on Student Loan. Help!
- Question around Grad School Loans - INTERNATIONAL STUDENT
- I (23) want to start Grad school but have a less than stable relationship with my parents. What are my options?
- Finding Employer Certed months for PSLF on Fedloans account
- Is it illegal to not disclose full income to federal student loan companies after the new year?
- Student loan servicer changing separation date.
- Former Ashford student with high student loan debt in search of help.
- Refinancing Options
- Income-based repayment tax bomb - any first hand experiences with this?
- Another Loan (OSAP)
| Posted: 04 Feb 2019 06:17 PM PST I'm down to 2 federal loans and massive private. All in all paid off about $23K since October 2016! Feeling really proud of myself! ☺️ Only $77K to go 🙃 [link] [comments]  |
| ITT Tech Student Loans (Shutdown/Unpaid loans) Posted: 04 Feb 2019 10:49 AM PST I went to ITT Tech for Electrical engineering and I was about halfway done with my AA and people in my classes started talking about not showing up since the school was having issues. I started to talk with them to figure out what was going on and turns out the school got themselves into some trouble and about that time our Deen came into the room reassuring us that school will still go on and there is nothing to worry about. Next morning came around (night school) checked my email to find one directly from the deen explaining that the school was going to be shut down due to issues (I think 1 was fraud of some sort). Well I was not happy about this at all but I was told that we could either 1 transfer our credits to a local state college but at the time with my work and the fact that I lived almost an hour away I could not do that or 2 have our credits wiped and fees waived. So I choose to go with 2 and now 3 years later after a lot of reading and having "companies" trying to scam me I am still here sitting at 14k in student loans and climbing and have no idea what to do. Edit: Found this after posting thought it would help https://www.npr.org/sections/thetwo-way/2016/09/06/492819673/large-for-profit-itt-technical-institutes-will-close-its-doors [link] [comments]  |
| Collections agency charge waived with loan rehabilitation? Posted: 04 Feb 2019 08:05 PM PST I have been researching all night and haven't been able to find an answer I understand. My Perkins loan is currently in default. I am trying to figure out whether to consolidate or rehabilitate. The collection cost is at 40%!!!!!!! My question is, if I choose to rehabilitate, will the collections agency charge be:
I keep finding conflicting information everywhere. Any insight or credible website links appreciated!!! Thanks so much! [link] [comments]  |
| Any downsides to putting forth a massive payment towards loans? Posted: 04 Feb 2019 09:43 PM PST Interested in clearing 40 grand off of my loans and writing a check for it. Is there anything I don't know about that would lead to this potentially being a downfall for me? This being, a massive check. I have 6.6% interest on them. Thanks all [link] [comments]  |
| Any downsides to 25 year repayment plan with intention to pay it off sooner? Posted: 04 Feb 2019 03:54 PM PST My husband just finished school with $45,000 in federal loans. He isn't sure what he is going to do for work yet, and I'd rather be on the safe side with a fixed lower monthly payment and hope we can pay extra in the upcoming years. If we choose the 25 year payment plan and still pay it off in 5-10 years, is there a downside? [link] [comments]  |
| Recalculate Early - One Month Forbearance Posted: 04 Feb 2019 07:39 PM PST Long, long time lurker. I'm currently on the IBR plan. My husband refinanced his student loans last year with a private lender, which caused a huge jump in my payment since his loans are no longer considered federal student loans. Husband makes significantly more than I do so we have filed our taxes as "married filing separately" in order to reduce my monthly payment. I have completed the form to have my payment changed recalculated immediately. Two questions: (1) I do not want to change from the IBR plan; rather, I simply want my payment amount recalculated based on my reduced AGI. Will I still have to go to the standard plan for one month for the recalculation to take place? (2) Will the one month forbearance count towards my PSLF? Also, will the forbearance impact my credit score? The Google seems to suggest not. Many thanks in advance. [link] [comments]  |
| Posted: 04 Feb 2019 06:37 PM PST I have worked in a Title 1 school for 5 years now and want to apply for the $5k off. My first year I was a Title One Instructor (TOI), which provides intervention and classroom type instruction in a non-classroom setting. The 4 years after that I have been a full time elementary classroom teacher. No one can really give me a good answer on whether or not my first year counts towards my repayment. Any knowledge out there for me? Thanks! [link] [comments]  |
| Posted: 04 Feb 2019 05:58 PM PST If so, please PM me. If it turns out to be correct, I'm happy to share it with this sub. [link] [comments]  |
| Earnest: Refinancing Private Student Loans Posted: 04 Feb 2019 04:38 PM PST Hi there, I'm looking into refinancing my private student loan, which I had originally taken out with US Bank and is now with FirstMark. I did my research and Earnest gave me the best fixed rate at 4.89% (against my current 9.950%). However, I do still have federal loans which I wanted to leave untouched as to not miss out on the benefits (income-driven repayment, etc). When refinancing with a lender like Earnest, is it required to refinance/consolidate ALL your loans or can I have it applied specifically to my private student loan only? Thanks! [link] [comments]  |
| Posted: 04 Feb 2019 04:15 PM PST I posted this in r/personalfinance as well, but need help as I would really like to refinance my parent-plus loan into my name via a joint loan. Where I stand: Credit score: 800 (Equifax) Parent-Plus loan (in my father's name): $83k over 30 years at 7.125% interest. Never missed a payment, paying extra monthly to cut down interest. https://www.reddit.com/r/personalfinance/comments/an81qg/denied_student_loan_refi/ [link] [comments]  |
| Late Payment on Student Loan. Help! Posted: 04 Feb 2019 06:44 AM PST I recently went through an extremely tough time with my father passing away and this made things very hard financially. I missed several payments on my student loan and it went into delinquency. I had no idea until I checked my credit report and it dropped by 147 points. I quickly called and paid up to date. My question is how do I remove this from my credit report? I read about a "good will adjustment" letter which I'm going to try. How much of those 147 points should I expect to get back once it's reported that I paid? Will this actually stay for 7 years. I just moved to start a life out of state and this is entirely a life wrecker. What are my options? Help is totallly appreciated! [link] [comments]  |
| Question around Grad School Loans - INTERNATIONAL STUDENT Posted: 04 Feb 2019 02:33 PM PST Hi Reddit. I'm 23, from the UK and it's looking very likely I'll be getting everything in order to apply for Grad school starting in Fall. One thing I still am trying to figure out is how the tuition-fee system works. I roughly have the means to pay for my degree (around $25,000) but am wondering if its easier to take out a loan and then repay what I can and save some for emergencies, as I won't be able to work on my J-1 or F-1 Visa. Can anyone recommend any loan providers to look at? or is there a "pay-as-you-go" setup that would allow me to pay some and save some? Thanks! [link] [comments]  |
| Posted: 04 Feb 2019 01:04 PM PST So as the title states I have a very rocky relationship with my parents and filling out a FAFSA is near impossible after graduation. I know I can file as an independent next but in the meantime how do I apply for loans? [link] [comments]  |
| Finding Employer Certed months for PSLF on Fedloans account Posted: 04 Feb 2019 12:10 PM PST I was on here in Sept and started the process to get employer certified forms completed to PSLF on Fedloans. They finally transferred my loans and I created an account with them successfully. I don't have the post that stated how to navigate the Fedloans website to find out how many months have been successfully certed so far. Any help? [link] [comments]  |
| Is it illegal to not disclose full income to federal student loan companies after the new year? Posted: 04 Feb 2019 11:12 AM PST I currently drive for Uber and Lyft but also have another job. Since I am doing an income driven repayment plan, i am required to document my income after the new year. I am wondering if i can get in legal trouble if I only show my w2s and do not disclose my 1099 for Uber and Lyft. I am afraid if I show them how much I actually made they will raise my payments. [link] [comments]  |
| Student loan servicer changing separation date. Posted: 04 Feb 2019 10:47 AM PST I have Nelnet as my loan servicer and I found something strange happened since my last statement (1/26/2019). For some reason my principle balance went up ~$779, verified on my own accounting sheets and by their statements. After a lot of confusion on their end, they said that they updated the separation date from my community college loans from March '13 to June '11, which is weird because my timeline is as follows: Start: Fall '09 - Spring '11. Break. Spring '13 - Winter '14. Departed CC. I remember I was on grace period during my break and started to pay back loans. Finally graduating in 2017 and having student loans being shuffled around a lot and consolidated to nelnet, I was registered on grace period which was helpful for me to have that period finding a job. I kinda assumed that there must have been another grace period re-up or something. Do I have any grounds to dispute this? On one hand they kinda messed up with separation date timelines, but on the other I did take time off, which I guess is the separation date for those loans? (dunno?) It just really sucks that it kicks me more than a month back on my principle at a time when moneys tight, plus the amount was piled on to my top 3 interest rate groups. [link] [comments]  |
| Former Ashford student with high student loan debt in search of help. Posted: 04 Feb 2019 10:10 AM PST Former Ashford University student here with about 35k in student loans. I stopped attending around 2012 or so. To this day I have not yet paid any of it because I have been on an IDR repayment plan. This year I waited to long to renew it so I am on the hook for $900 or the amount will default. I am also supposed to start paying about $47 a month on the new IDR because I am earning a little more. Here is my question...the Feds now hold the loan, it is no longer Ashford. Am I still obligated to pay the amount, or should I continue to not make any payments? I remember reading something a while back that the Feds must be able to show record of the transfer from Ashford to the government. If they can't provide the documentation then what? And second question...if I don't pay, what does this do to my chances of buying a home in the next year or two? Basically, I am in deep and need some help from someone who has knowledge on student loans that the government now holds. What are my options here? [link] [comments]  |
| Posted: 04 Feb 2019 07:23 AM PST I'm sitting at a lovely 180k in student loan debt, roughly equally between federal and private, with the private loans averaging a rate of around 9%. Naturally, I'd love to refinance since I have a strong credit score that would allow much more manageable payments while I continue to grow and advance in my career. I am wanting to try and refinance over a 25-30 year period, so as to allow myself small payments up front while I save up in case of emergencies and other rainy day things, while still allowing myself to make larger payments when and if I'd like in order to reduce the term. The problem I'm finding is that I can't seem to find any refinancing providers that offer anything beyond a 20 year repayment period, and so I'm curious to see if I could get some recommendations from those who have been there? [link] [comments]  |
| Income-based repayment tax bomb - any first hand experiences with this? Posted: 04 Feb 2019 06:44 AM PST I currently have federal loans (undergrad and graduate) that total $144k and am enrolled on an income-based repayment plan. My largest loan is a graduate PLUS loan at $54k - with the congress-set 8.5% interest rate this is rising this total quickly each year. The remaining loans (90k) are a mix of Direct and Stafford Loans ranging from 4.5-6.5% interest. My repayment period started in 2008 and I am estimated to be 40% towards loan forgiveness at the end of 25 years. Due to my mediocre income, for much of the past 10 years I have most been in forbearance due to heavy debt-to-income load, and if my income remains similar for the next decade (approx 52k currently, was 35k for years), I will likely have a final balance hovering around 500k (!) Not sure if my math is correct on this, but it will be a considerable sum nevertheless. My question is around the infamous tax bomb around loan forgiveness. If I am forgiven these loans due to inability to pay them within the allotted 25 years, will need to pay taxes on the full amount of the loan forgiven, interest and all? If so, is this expected in a single lump sum? Is there a case of someone here who have had their loans forgiven and the IRS then went for other assets to settle the loan (retirement/pension, house, etc)? Anyone able to set up a payment plan? etc. Feeling very overwhelmed at the prospect of this hanging over my head of the next 15 years, any advice would be gratefully received - would love to hear a few first-hands accounts before I get professional advice, and then set up a plan to execute ASAP. [link] [comments]  |
| Posted: 04 Feb 2019 05:20 AM PST Hi. I'm thinking about going back to school this September. I do have a exsiting loan from when I went to school January 2018 (which I need to start repaying at the end of March). My question is will they let me apply for OSAP again? [link] [comments]  |
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