Refinanced with First Republic Bank Student Loans |
- Refinanced with First Republic Bank
- Can’t afford the loan minimum
- Need a few thousand by the end of the month
- studentloans.gov login button not registering.
- Best options to refinance student loans
- Using Loans for Living
- Living abroad with student loans
- Exit counseling and loans?
- Does Consolidation reset forbearance?
- Can’t afford my loan minimum
- Parent plus loan
- how to knock down $230k as quick as possible?
- [Rant] Maybe they should have gotten a JOB and paid their way through college!
| Refinanced with First Republic Bank Posted: 03 Feb 2019 10:32 PM PST Getting my new rate and approval from First Republic Bank has never made me more excited and adult-y. I found out about FRB from this subreddit and wanted to return the favor now that everything's settled. I was/am a terrible millennial that was making minimum payments on my 66K of undergrad student loans (private and federal) without a clear plan of how to get out from underneath my debt. I take all trolls coming at me for this, but let's try to be constructive. Overview:
Shopping around for refinancing options: (10 yr repayment)
The rate quotes I received weren't bad per se -- FRB just blew everyone out of the water. But as you may have heard, their approval criterion is strict. Conditions: live within 25 miles of a branch, 10% of your loan amount in the bank, direct deposit into FRB account. I've actually just closed my BoFA account and moved all banking to FRB as I find their customer service to be stellar. I was set up with a personal banker to guide me through everything. Timeline is prompt - it took around 2-3 weeks of setting everything up and getting approved. I did all of this knowing that I gave up some guardrails in my federal loans but 3.55% can't be beat. You can get $200 back with a referral when you open an account, feel free to PM me if you need one. I used one myself so I wanted to pass on the favor. Feel free to ask me any questions about the process, I'm very pleased with FRB! [link] [comments]  |
| Posted: 03 Feb 2019 01:48 PM PST What can I do if my student loans' payment is too high. My loaner says the minimum payment I can make is 950 a month. There's no way I can afford that or pay it. I've tried to work with them several times and it's the same answer every time. The loan is through Sallie Mae. I have about 120k in debt with them plus 30k with Federal Loans. I make 1,800 a month which only covers my ability to live(rent/food etc). I've been trying for several months now to get it lowered with no budge. They just informed me that they are going to start garnishing my wages. What can I do? [link] [comments]  |
| Need a few thousand by the end of the month Posted: 03 Feb 2019 05:52 PM PST I am a very blessed person and my parents pay for my tuition, however, they're tight on money right so I have been paying for my housing with my internship money. Unfortunately, due to an unforeseen bill, I am very low on money and won't be able to pay rent at the end of the month. I've never taken out loans before and I'm tight on time and probably need around $3000 to $4000 to hold me over until the summer. Any recommendations? [link] [comments]  |
| studentloans.gov login button not registering. Posted: 03 Feb 2019 08:50 AM PST I'm trying to recertify my payment plan. I know I have the correct username and password because when I click "forgot username and password" it takes me to the FSA site and I can log into that site with the same username and password. The problem is, when I click "login" on the login screen of studentloans.gov nothing happens. It's like it's not recognizing that I'm clicking the button. I've tried it on Chrome and Safari, same thing. Anyone know if this site is currently bugged? Are there any workarounds? Thanks in advance! [link] [comments]  |
| Best options to refinance student loans Posted: 03 Feb 2019 12:35 PM PST I'm looking to refinance a student loan with a 9% interest rate. That seems way too high and wonder if anyone has recommendations for sites to look at to find the best refinancing options. [link] [comments]  |
| Posted: 03 Feb 2019 07:13 PM PST How many people had to take out loans just to pay for living? Like rent? I wanted to avoid this but, my fiancée is most likely getting into a 2 year program 2 hours away. Option is to stay at home but have to commute 4 hours a day 5 days a week for 2 years. Or take out loans for the sake of her being closer to her school and me being about the same distance from mine currently. [link] [comments]  |
| Living abroad with student loans Posted: 03 Feb 2019 05:17 PM PST So I have about 80k in student loans. I work at an architecture firm and am engaged to someone from Syria. Our initial plan was for him to move here but after the trump ban he can no longer do that. I also can't live in the middle east because my monthly income would not cover my loans. Lowering my payment would add interest and I'm trying to avoid that at all costs. I've been trying to find freelance jobs but haven't had much luck. Any advice? [link] [comments]  |
| Posted: 03 Feb 2019 03:34 PM PST Hello, I put in a request for graduation for the end of this semester (spring) and have just been notified I need to complete exit counseling. I also have a student loan refund due to be disbursed to me by the end of this week. I was wondering when is the due date for me to complete the exit counseling and how that will affect my upcoming student loan disbursement. Do I have to complete it asap in order to get my loans or can I wait and still receive my loans later this week? I really need the loans and an extremely stressed over this. Any help is greatly appreciated. Thank you [link] [comments]  |
| Does Consolidation reset forbearance? Posted: 03 Feb 2019 03:18 PM PST live in PA, Have 2 Navient student loans (parent plus and one non-parent plus). I used up all the delaying options to payback due to tough times. 1) If I consolidate the two loans, will that reset my forbearance? 2) What are the pros/cons of this idea? 3) And anyone been through this process like how it takes, forbearance options? [link] [comments]  |
| Posted: 03 Feb 2019 03:06 PM PST What can I do if my student loans' payment is too high. My loaner says the minimum payment I can make is 950 a month. There's no way I can afford that or pay it. I've tried to work with them several times and it's the same answer every time. The loan is through Sallie Mae. I have about 120k in debt with them plus 30k with Federal Loans. I make 1,800 a month which only covers my ability to live(rent/food etc). I've been trying for several months now to get it lowered with no budge. They just informed me that they are going to start garnishing my wages. What can I do? [link] [comments]  |
| Posted: 03 Feb 2019 02:01 PM PST It's a parents plus loan but it's something I am going to pay off, the thing is, the interest rate is 7.6? Isn't that abit too high? I really don't know much, but is there a way to refinance it? I have a good part of the tuition to pay off with my loan. Honestly I didn't know what I was doing, is there a way that I can have all of the loan under my name? [link] [comments]  |
| how to knock down $230k as quick as possible? Posted: 03 Feb 2019 12:40 AM PST Don't judge because I already am judging myself lol. First generation college student so my undergrad loans are pretty high as a result of both my parents and I not knowing better and also because I was a hot mess in college and took longer than usual to graduate. ANYWAYS, currently in a masters program for an MPA. Did my budgeting today and I'll be graduating with around 230k in student loans. I'm still in grad school, I'll be graduating next year. Only took out govt loans to cover my rent and included that amount in my overall debt amount. About to start a paid internship soon so I plan on using my internship money l to knock off my credit card bills to at least graduate without any credit card debt. My question is, what are ya'll suggestions to tackle on this student loan amount? I wasn't financially smart back then but I'm trying to be now. Rather get a head start and not pass out when my student loan bills kick in in the future. Thanks :/ [link] [comments]  |
| [Rant] Maybe they should have gotten a JOB and paid their way through college! Posted: 02 Feb 2019 06:59 PM PST I am in my third year of medical school and my seventh year of college overall, you could probably guess that I have some significant student loan debt.... That being said, I have lost count of the number of times I've been told by people >50 years (including attending doctors) that there is no excuse to have undergraduate debt. Apparently, I should have gotten a job with enough income to pay for my $20,000 per year tuition (in addition to cost of living, books, car, etc..) while I was also doing research and volunteering so I could get into medical school. Because, back in the "good old days" you paid for your own college, got a job, purchased a house, and had five kids by the time you were 30. The article below, I am shameful to admit, brought a slight smirk to my face. I don't wish the burden of student debt on anyone, even members of the generation that like to chastise and denigrate anyone <40 who dares have student loans. I understand that many of these people probably started working in a time where a degree wasn't a necessity to get a good paying job. I also understand that with the advancements in technology and recession a lot of these people lost their jobs to no fault of their own, so they had no choice but to go back to school. What this article shows is that the people who blame "millennials" for having enormous student debt in no way understand how the education system works in the 21st century. Something needs to change. A system that endlessly profits off of young, middle-aged, and elderly adults is one that is not sustainable. I don't have a solution, but maybe seeing the elderly die with more student loan debt than medical will open some eyes. https://www.wsj.com/articles/over-60-and-crushed-by-student-loan-debt-11549083631?mod=hp_lead_pos6 [link] [comments]  |
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