That Time of Year Again Where I Realize... Student Loans |
- That Time of Year Again Where I Realize...
- Pay it off aggressively or PSLF?
- Help with Navigating Borrower's Defense Deferral and PSLF
- Going back to school and was looking for advice
- Taking out new federal student loans
- Trying to figure out what's best to prioritze and federal loans
- can i take out students loans if my parents don’t have credit scores?
- Help Reddit! Please!
- Anyone ever heard of this? Student loan paid off over a week ago via certified funds, servicer refusing to provide paid-in-full letter for 30 days.
- When to refinance?
- Trying to get out of default before I file taxes so my refund isn’t garnished again
- Loans were taken off but added back on now (school closure) need help!
- Student Loan Payment Assistance
- Help! Student loans for a program that doesn't offer financial aid
- Looking for student loan repayment guidance
- Default loan info
- I Need Help Getting Things Removed From My Credit Report
- No bank wants to finance my Master's
- What to do with my student loans?
- What happens to my loans if I didn’t use all of it?
| That Time of Year Again Where I Realize... Posted: 27 Feb 2019 08:44 AM PST I paid $6,204 towards my student loans last year and $4,947 went towards interest, and I still owe 61k. God bless America 🇺🇸 [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Pay it off aggressively or PSLF? Posted: 27 Feb 2019 07:21 PM PST THANK YOU for taking the time to read this. I am a long time reader and greatly appreciate any input you may have. :) Background: I am a 29 year old single female working at a school (which qualifies under PSLF). When I was hired this past Fall, I had $168,000 in debt from grad school (ranging from 6.7% interest rate to 5.4%) and a yearly income of ~$68,000. The school I work for functions on a tiered salary scale, so in 5 years I can reach a yearly income of ~$91K (but I would be capped at that salary). Each month, I have contributed around $3000-$3500 towards paying off my loan with the highest interest rate and have my loans down to ~$158,000 now. Since my loans are out of grace period this month, I am looking towards extending my payment to a REPAYE or PAYE 20/25 year plan and then continuing the avalanche method towards my highest interest loan. I am confused as to whether REPAYE or PAYE would be the best option in my situation? As far as PSLF, I have been seriously debating whether I should go for it. However, I am not sure how long I will be working at my school (as a female, I want to think about raising children and am not sure if I will be in a PSLF job for 10 consecutive years). I can't predict the future/when I'll find the "one" and have kids, but cost wise would I save more money going the PSLF route? Do you think it's too risky to go down this route if I am not positive I will stay at a PSLF job for 10 years? Again, THANK YOU SO MUCH FOR READING! <3 <3 <3 [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Help with Navigating Borrower's Defense Deferral and PSLF Posted: 27 Feb 2019 09:22 PM PST So I'm in a weird place regarding my student loans and I'm not sure where to start looking for information about to make the best choice regarding my loan payments. I submitted a request for loan forgiveness under Borrower's Defense against DeVry about 2 years ago under the Obama Admin. Devos came along and that was delayed until around August 2018. Currently, I recently started working for a State government and qualify for PSLF through that employer and I've been in deference since Sept 2018. My problems are: I have three loans, Unsub FFEL Staffords, that aren't eligible for PSLF but are covered under my Borrower's Defense. My questions are:
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| Going back to school and was looking for advice Posted: 27 Feb 2019 05:26 PM PST As the title said, I've decided to start going back to school and was considering taking out a student loan as option, but first was hoping if their was any advice you guys could share such as things to consider, things to look out for, any recommendations, or just anything you guys can share, any comment would be more than appreciated [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Taking out new federal student loans Posted: 27 Feb 2019 10:27 PM PST Hello! I am attending an online RN to BSN program. I was offerred 3600 in subsidized student loans. I also have student loans from my time at UC Irvine. Would I be able to defer these new loans while attending this online program and pay back the UCI loans first? Thank you for the help! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Trying to figure out what's best to prioritze and federal loans Posted: 27 Feb 2019 03:57 PM PST Hi all, Back in August, I got a full-time job making $51k a year after graduating in May 2017. I work in media, so this is pretty decent for someone of my level just starting out, but unfortunately, I still have a huge pile of debt. My paychecks end up being around $1300 bi-weekly after my insurance, 401k, and taxes are taken out. The first thing I did was refinanced and consolidated my multiple Sallie Mae loans with Citizen's Bank, reducing my interest rates from 12% to 7.23% and selecting a 20-year term. I began repayment in December at $550/month. In December though, I paid an extra $200. For March, I was planning on paying an extra $250. But then I began thinking about my other debt. I have a total of $104k in student loans. My private is $68500, and my federal are $36000. I had signed up for the income-based-repayment program with my federal loans a few months before obtaining my full-time job and haven't updated because I wanted to build a savings of at least two months of rent. My payments are $73, and that amount is not covering all the interest. To break down all my debt:
Edit: Should note, my parents don't give me much, but they do help with my CC payments since some of what I owe is because I helped them financially. For example, a lot of the time when I pay CC #2, I make a $100 payment. My parents will match that payment with CC #3. I currently have $1800 in savings. My rent is $900 (I live in a major city with roommates and on a lease until August), which I already have set aside along with Citizen's Bank minimum payment of $550. The rest in my spending account is ~$1268. I have plenty of groceries to last me until my next paycheck in a little over a week. I work entirely from home, so no extra costs in coffee, lunch, or transportation there. I've thought extensively about leaving and subletting my apartment for a few months to throw what would be my rent money to my debts, charging an extra $50-100 as I can leave it furnished, while I live with my parents 3.5 hours away. I cannot leave entirely though as my job expects me to be in the city, but I think I could manage it for 2 or maybe 3 months. I do have a gym membership for $20/month, but I'd like to keep that as I tend to go there to be able to leave the house for a bit when I'm low on money, and it helps with my anxiety. I feel enslaved by this debt, and I just want to work aggressively to pay it all off while I have some breathing room in my bank account to do so. I always feel the need to put all my extra money to my student loans, but given what I've read on here and their interest rates, it seems smarter to aggressively pay off the credit cards instead first and then to the loans. I'd also like to hear some input on what I should do payment wise for my federal student loans as it seems right now they're just continually growing. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| can i take out students loans if my parents don’t have credit scores? Posted: 27 Feb 2019 08:21 PM PST | |||||||||||||||||||||||||||||||||||||||
| Posted: 27 Feb 2019 04:14 PM PST Dear Student Loan Reddit, Long time lurker, I have gained some very insightful knowledge. I need help. Here are the details. I am married. My student loans are at 160k. No judgement. I have two bachelors degree and my Masters will be conferred on June 2019. The husband makes about a 100k per year. I make about 45k a year. We are considering filing our taxes separately. It will keep my loan payment around 51 bucks a month. Which I know isn't a lot.. However, what I have extra from freelancing, I throw at it. If we file jointly , we will get back 554 from federal, and 274 from the state. I am highly assuming my student loan payment will go up to 1k or more. Here is the deal. The husband wont help me with the payment, when it skyrockets. I pay a certain set of bills and he pays a certain set. If we file separately, I will have to pay 965.00 to the state. He will have to pay 335.00. My monthly payment stays the same, and I can throw my freelance at it. ( I charge 40 bucks and hour to blog, managed ad words accounts, social media, seo audits of peoples website, and webmaster. I also get to teach corporate training for Microsoft as they NEED me,which isn't much. How would you file? Any advise? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Posted: 27 Feb 2019 05:40 PM PST I paid off a $20K student loan last week via certified check. The servicer confirmed they received it on 2/19, but didn't post the payment until 2/21 (verified via phone call with a servicer rep, they said check back in a few days and I could print a PIF letter). I log into my account on 2/25 and there's not even any information indicating the loan ever existed. All prior payments, statements, etc are completely gone. So I email them and request a formal paid-in-full letter, and the servicer replied today stating: "Once a loan has been paid-in-full, we remove all of the loan information from your online account. You will not be able to access any information on the website. Your account is currently in pre paid-in-full status. Once 30 days have passed since the full payment has been received (which will be on 3/21/2019), we will be able to provide you with an official paid-in-full letter. Please wait until that time before re-submitting your request." I immediately called and spoke to several supervisors, and was told that this is their policy. The only answer I could get as to why they wait 30 days, was "in case the banking institution decides to recall the funds for some reason." I'm not even sure how that can make sense, considering I paid with certified funds. When asked, none of the supervisors could provide a single reason/example for how the heck the bank could try to legally recall the funds within 30 days after the check was cashed. They've also refused to provide a copy of this policy in writing. Has anyone ever heard of anything like this before? I'm trying to close a loan for a new home purchase, and my lender will not approve the loan until I have an official paid-in-full letter (they wont accept the "pre" PIF letter). I'm questioning if this servicer's policy is even legal. This is one of the most bizarre situations I've ever encountered. I've paid off several other student loans in the same manner, and none of the other servicers had any issue with immediately providing PIF documentation. Any thoughts/feedback would be greatly appreciated. Thanks! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Posted: 27 Feb 2019 04:11 PM PST I have a ParentPLUS loan for $143,660 and I have been on the graduated plan for about three months and I am paying about $953/month. I felt okay because I was able to make the payments on time but the total loan amount has increased because of interest so it is now $143,930. I am the student paying for the loan under my moms name, which I know the PLUS loan is entirely on them but this is an agreement we have amongst us. I plan to refinance it to be under my name but I don't know when to. The loan is with Navient so it is not a government loan the only perk (if anything about loans qualifies as a perk lol) is that forbearance goes away. I just don't know what to do next with a loan that large. I have a NelNet loan under my name for about $25, 000 and my payments are $176/month and I will probably keep them on NelNet because I get forbearance and forgiveness and all those perks. I guess I just need help sorting out my next move. Any advice is appreciated, thank you! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Trying to get out of default before I file taxes so my refund isn’t garnished again Posted: 27 Feb 2019 03:13 PM PST I owe ~$52,000 and just received my letter from Navient approving me for loan consolidation, pending an income based repayment plan. Is it safe for me to file my taxes yet? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Loans were taken off but added back on now (school closure) need help! Posted: 27 Feb 2019 02:41 PM PST I attended ITT tech during the time that they filed bankruptcy and closed, and submitted the school closure / loan discharge form and it was accepted. I didn't think to check after about a year of this being resolved but now by loans (over $30,000) are added back to my name and now and the loans are now through credit adjustments. I contacted them a while ago and they were no help and he said over and over "im sorry but I can't tell you what form you have to fill out" after I wasted over 1-2 hours on the phone on hold and him trying to navigate me to the documents page (it took him over an hour to do just this...). I called back today and couldn't get through and need advice as to what I should do or what documents I should send in. Im worried that I won't get my tax refund back now cause of these loans and am stressing the F out. Please help. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Student Loan Payment Assistance Posted: 27 Feb 2019 02:10 PM PST Hello, I have two refinanced student loans. One is $111k at 5.25% interest, while the other is $35k at 4% interest. I am making $70,000 a year and have a traditional 401k through my work whom matches 5%. I would like to start a roth ira, but some people recommend I pay down my student loans more with my extra money. So my question for everyone is whether I should open a roth ira or put my extra money towards my student loans. I currently have a savings account with a good chunk of money for emergencies as well that I am leaving in that bank account. My loans are on a 10 year plan and come out to $1250/month for the $111k loan and $380/month for the $35k loan. I am not paying rent currently either. Thanks! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Help! Student loans for a program that doesn't offer financial aid Posted: 27 Feb 2019 12:45 PM PST Alright guys, I'm looking into becoming an esthetician. So far, there's only 1 program close to me and it's at a cosmetology school. I went and toured it today and fell in love! But here's my problem-the esthetician program is brand new to the school and because of government policies, they're unable to give financial aid until they've had 2 graduating classes go through. So that means I have to pay month by month (the class lasts 10 1/2 months) and I know I definitely can't afford it. With all of that being said, does anyone know of any options for a situation like this? My credit isnt super great either, so I know that's gonna be another issue I run into. Please help! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Looking for student loan repayment guidance Posted: 27 Feb 2019 12:42 PM PST Hello, My loans are coming out of the grace period soon and would like some help developing a plan to pay both the private and federal loans down. I am a new RN and will make about 60-70k after my internship ends. Loans:
For the federal loans, I've looked into a 25-year term payment plan to lower the minimum monthly payment and putting extra money into the higher rate ones. The Sallie Mae loan is my biggest concern since it has such a high rate. I believe refinancing might be the move. Would it be better to refinance just the Sallie Mae loan or all of them into one? Any financial institutions I should look into for refinancing? Thank you for your time! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| Posted: 27 Feb 2019 05:54 AM PST So I'm desperately trying to get in touch with the dept. of education about my student loans but every time I call the number to contact them about the loans I am on hold for 20-30min and then get cut off. The number everyone is insisting I have to call is 18006213115. I can't get in touch with ANYONE. And the email address on their website isn't working either. Wtf am I supposed to do at this point? It's like they don't want me to resolve these debt issues. This is insane. Any advice would be great! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| I Need Help Getting Things Removed From My Credit Report Posted: 27 Feb 2019 07:46 AM PST Hello Everyone! Im going to apologize in advance here, because I feel like this is a really in debt....I mean..depth question. Im going to do my best to describe my issue, because it just doesnt make a whole lot of sense to me. Ive been researching this for what seems like months and Ive combed through countless forums on this subreddit, and I cant seem to find anything that quite fits my issue. So about 6-7 years ago, I stupidly and ignorantly, blatantly ignored my student loans and they all defaulted. 2 years ago, I decided it was about time to grow up and start adulting and focusing on getting my credit score up and start making payments on my student loans. Since then, I have entered, and completed, a rehabilitation phase and brought all my student loans up to current! However, I still have some lingering negative "dings" on my credit report. Im just wondering if these are possible to get removed, and if they CANT get remove, which I understand if they cant, WHEN theyll be removed? I have 4 negative marks from Navient and 2 from the Department of Education. Again, everything with my loans are current and I have no outstanding balances. When I view the details of the account, here is what Im seeing. Im sorry if this is meaningless info, but I figured it might be useful. Navient Loan 1 - Date reported 2017 Account status - transfered Date Opened 2012 Date closed 2017 Last Day of Payment 2017 Navient Loan 2 Date reported 2016 Account status - transfered Date Opened 2008 Date Closed 2016 Last Day of Payment - not reported Navient Loan 3 Date reported 2016 Account status - transfered Date Opened 2008 Date Closed 2016 Last Day of Payment - not reported Navient Loan 4 Date reported 2013 Account status Derogatory Date opened 2007 Date closed 2013 Date of last payment - 2017 Department of ED Loand 1 & 2 date reported 2017 Account Status Derogatory date opeend 2008 date closed 2017 Date of last payment 2017 So, basically, I guess my questions are: Is the only way for these to be removed by waiting 7 years from the last payment date, which would be 2017? Ive contacted Navient and USDOE, but both havent really been helpful. Any input would be very greatly appreciated and thanks again for being such a helpful community! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| No bank wants to finance my Master's Posted: 27 Feb 2019 10:09 AM PST Hello everyone. I am a recent engineering graduate who feels incredibly lucky to have received an offer letter for my Master's from University College Dublin, which is among the top 1% universities in the world. Coming from a lower middle-class family in India with a history of debt, I started applying for education loans with most of the popular national and private banks to fund my Master's. However, none of them would sanction my loan considering I don't have any security to offer and no co-applicant with strong financial records. I have always dreamt of studying abroad and working hard to ease my family's financial burden. I considered working after graduation too, but my seniors told me it's better to maintain the flow of studying until you get your highest degree and then start working. I've nearly wasted a year writing entrance tests, shortlisting universities, applying for loans and getting rejected, with no clear path in sight yet. Neither of my close relatives can sponsor my education. Is there any other way I can finance my Master's? Or should I bury my dreams of getting a Master's degree and get a job? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| What to do with my student loans? Posted: 27 Feb 2019 09:31 AM PST I am a married 31 (M) with about 50k in a high yield savings account and 40k in a 401 (k). My wife and I are debt free except for my student loans 20K (1 at $5 at 5% and $13 at 6%). Should I pay these off now or wait? We plan on starting a family soon as well as trying to redo our basement (20K). Our income is also around 110k a year. Any thoughts? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||
| What happens to my loans if I didn’t use all of it? Posted: 27 Feb 2019 08:48 AM PST Dropped out of college to enlist in the Navy, my mom took out a plus loan for me which was about $40k for the whole flight school. For flight school we pay as we go so I know that there's left over money because I didn't go very far, didn't even complete my private pilot. So my question is what happens to the left over money? On the plus loan it says we still owe $40k when I didn't use all of it and it's been about 3 months since I dropped out. Should we contact the school about the money or our loan servicer? [link] [comments]  |
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