A sincere question Student Loans |
- A sincere question
- Any ITT tech students after 2007 get out of paying there school loans due to the school closure? If so what was your process of doing that.
- Looking into student loan refinancing options - $43k in federal and $64k in private loans. Any advice?
- Has anyone else received notice about the Great Lakes Lawsuit?
- Refinance private loans? Will it make a difference?
- I'm still confused about how much the colleges cost per year that accepted me.
- PSLF related - several loans with slightly different expected end dates
- Accept Subsidized Loan after I Declined it
- Help With Student Loan Options
- Question about federal loans and enrollment status?
- Should I take out the career starter loan to pay down a poriton of parent plus loan?
- Credit Dropping due to new payoff method,
- Why is interest portion of my payment increasing even though the balance is going down?
| Posted: 06 Apr 2019 02:53 PM PDT I honestly wonder how many people have contemplated suicide as a way to deal with student loan debt? I'm not suggesting it's a good idea, I'm just wondering how prevalent the notion is. [link] [comments]  |
| Posted: 06 Apr 2019 11:13 PM PDT |
| Posted: 06 Apr 2019 08:20 AM PDT I'm looking into refinancing my student debt with my private loan company. There's currently four separate loans with my private loan company ranging from 5.65%-12% interest. Any recommendations on who to go with? I was thinking Earnest but after reading reviews of the recent Navient acquisition, I'm feeling a bit hesitant, although Navient currently services my federal loans. I'm looking for the best rate for a 10 year repayment period. My parents currently pay my private loans and are very adamant about the monthly payment not going up...which is why I have been living with the atrocious interest rate for five years. I will not have a co-signer for the refinancing. A bit about my financial situation: - I just switched jobs and have been in my current position for 60 days - Net income ~$5,000/month - Rent: $1,200/month - Car payment & insurance: $400/month (36 months left til paid off) - Student loan payment (fed loans): $800/month - Student loan payment (private - parents paying): $770/month - Monthly dog expenses: $300/month - Credit score: 780 - I have my MBA and five years of full-time work experience I appreciate any advice on which lenders to look into for the lowest rate and if I should consider waiting and applying after I've been in my current position for six months. [link] [comments]  |
| Has anyone else received notice about the Great Lakes Lawsuit? Posted: 06 Apr 2019 11:42 AM PDT They sent me some fine print in a letter about being sued, and that my name would be automatically added to the class action lawsuit. I'm sure that's a trap in and of itself. Check your Great Lakes loans, the company is shifty as hell and also has changed people's payment plans to get them to default [link] [comments]  |
| Refinance private loans? Will it make a difference? Posted: 06 Apr 2019 07:12 AM PDT I have 2 private loans with Chase that I have been paying down aggressively over the last 2 years. The rest of my loans totalling about 80k are with Dept of Education and I'm paying the minimum on those with IBR until I pay off my Chase. I've payed off quite a lot on the chase loans, originally had 3 totalling about 35k and now I have 2 totalling about $9300. The interest rates are 6.06% on $4100 and 5.61% on $5200. I'm paying about $1200 a month extra on them with minimum payment of $53 and $65 respectively. Should I just consolidate to try to get a rate lower than 6% or just keep doing what I'm doing? I'm projected to be paid off in these loans by end of this year and then start on my DOE loans. Thanks! [link] [comments]  |
| I'm still confused about how much the colleges cost per year that accepted me. Posted: 06 Apr 2019 04:45 PM PDT This is probably gonna be a dumb question, but I still want clarification. Anyways, I have narrowed down my options to 3 colleges, UCSC, CSULB, and CSUF. All three of them gave me types of loans, and UCSC gave me grants. However, I'm still confused about how much each college will approximately cost me each year. Here is a screenshot of what each school provides me when I go on the financial aid in the order UCSC>CSULB<CSUF Here is another one of what it shows when I click on Cost Of attendance summary/ Financial aid summary in the same order. https://imgur.com/a/mmM5hB0 I see that for UCSC and CSUF, my "Total Aid" is the same as the "Estimated Financial Aid Budget" Why is this not the case for CSULB though? Apparently "Estimated Financial Aid Budget" is supposed to mean my cost of attendance per year at the school, but I am confused why CSUF is so low (18Kish) Now, I'm obviously well aware that UCs are considerably more expensive compared to CSU's, but for long beach it says my total cost of attendance is 25K and as I said CSUF is supposedly only $18K. CSU prices are supposed to be similar to each other but 18K is quite lower. When I look up CSUF cost of attendance on google, it shows $27.7Kish on their website for CA resident living in dorm. Why is it 9K lower on my csuf portal compared to on their webiste. Also when I google cost of attendance for the other schools, the numbers match up to what is on my portal ( talking about total cost of attendance) Anyways I would very much appreciate it, if someone could help try explaining this to me. Thanks [link] [comments]  |
| PSLF related - several loans with slightly different expected end dates Posted: 06 Apr 2019 03:15 PM PDT Hi there, This is a pretty niche PSLF related question but maybe someone will know. I have 11 loan sequences (separate loans) on the fedloan site. I have no idea how that happened; I consolidated all nonsubsidized loans right after graduation, and the other loans (the ones without a subsidized grace period) 6 months later; I wasn't on top of it at the time and somehow this happened and I can't do anything about it now. Whatever. What I expected was to have 2 loans, one 6 months closer to loan forgiveness than the others (initially didn't know if I would have a PSLF eligible job). Instead I have 11 different loan sequences. 8 have the same payment count for PSLF (62), one has 61, and 2 have 66. My question is: What happens when these things hit 120? Do I submit the PSLF app after they all hit 120 and then get repaid for the overpayments on the higher count loans? Or do I have to submit separate PSLF applications? Just curious how they handle this. Recognize it wont be happening for some time so I can calm my jets but I was wondering if anyone knew. [link] [comments]  |
| Accept Subsidized Loan after I Declined it Posted: 06 Apr 2019 02:14 PM PDT Is it possible for me to accept a subsidized loan after I declined it? I have been able to pay off my semesters thus far with working/veterans benefits, however my truck shit the bed and and I need to come up with 5400 to fix it and am out of options. Is it possible I can go back and accept it and have it refunded to me since I've already paid for this semester? [link] [comments]  |
| Help With Student Loan Options Posted: 06 Apr 2019 02:13 PM PDT Hello. I have student loans from two schools (a community college, and a 4 year university). My first semester as a university student, I did not utilize all available financing options (scholarships). I dropped in my first semester due to trouble acclimating. I returned after a year to the university. This time I applied for more scholarships, and while my first semester I did not utilize this scholarship so i had some loans. The new scholarship covered 100% of my costs. Before, I had tried contacting the scholarship office and see if they could go retroactive and pay on my original semester's balance in which i had a loan. They denied such a request. But, I wonder if I spoke to a different representative they might approve of it? So question 1 of 4: do you think i can get the scholarship office to go back and pay for my loan the original semester i attended? question 2 of 4: how can I work on what balance in loans that i have. question 3 of 4: I attended community college after i graduated from the university to take up a trade due to lack of employment options. I dropped the classes first semester, but I missed the drop refund date by like a week. Do you think I can dispute this and argue that I only missed the date by a week? I owe $28,000 in total. I only make about $500 a month as a part time employee as a sales and logistics person of a big retail chain. question 4 of 4: What should I do to recover my credit and get out of this debt? I have paid zero on my student loans. Like discussed earlier, hopefully I can maybe reduce some of this loans, but if i don't how can i possible pay $28k with my current income? Should I:
Your help would be highly highly appreciated! I am super stressed about this. Its scary. so, thanks everybody. bless you if you took the time to read all of this. HAHA. [link] [comments]  |
| Question about federal loans and enrollment status? Posted: 06 Apr 2019 02:07 PM PDT I'm currently a second-year college student, in my fourth semester. I will be transferring to another school this fall. According to them, it will likely take me 5 semesters to complete my bachelor's degree, meaning I will be graduating at the end of the fall 2021 semester. I'm planning on entering a graduate program, but most of them only allow new enrollments to begin in fall semesters, which means during the spring and summer 2022 semesters, I will likely be out of school, waiting to enter the graduate program in fall of 2022. My question is, how does this affect loan repayment? I am only taking on federal Stafford loans, which (as I understand) require repayment to begin after 6 months of being out of school, and spring and summer semesters add up to about 8 months. Will my subsidized loans begin accruing interest in this time, and continue when I enter my graduate program? Will I have to begin making payments during this time and continue during my time in my graduate program, or will my loans stop expecting payment once I go back to full-time enrollment in grad school? Feel free to ask questions if any of this is unclear. :) [link] [comments]  |
| Should I take out the career starter loan to pay down a poriton of parent plus loan? Posted: 06 Apr 2019 10:25 AM PDT I have 2 outstanding loans. 1 is a $13,000 loan at 4.29% and a parent plus loan that is at 37,000 with a rate of 6.84%. I am an ROTC cadet set to graduate this May. Do you advise taking the 25k career starter loan from USAA at 2.99% to take a big chunk from the parent plus loan? Regular Military Compensation Calculator estimates I will be making around 58k as an O-1. I am estimating my rent will be no more than $500 a month with no car payment living in Georgia. [link] [comments]  |
| Credit Dropping due to new payoff method, Posted: 06 Apr 2019 02:48 AM PDT The balance on certain student loans I have is increasing because nelnet have changed the method of paying them down to focus my monthly payment on the loan with biggest interest. I was wondering if anybody has seen their credit score drop because of this lately? Mine just dropped 40 points this month. [link] [comments]  |
| Why is interest portion of my payment increasing even though the balance is going down? Posted: 05 Apr 2019 06:46 PM PDT My monthly minimum payment is $754. On the same day that this amount is automatically withdrawn, I go in and manually make an overpayment of $1000, so I'm paying $1754 per month. Because I make the $1000 payment on the same day that the auto payment comes out, the entire $1000 goes toward principal because there is no interest accrued on that day thanks to the auto payment. Why then, is the interest portion of my $754 payment not decreasing? For example, last month, $473 of the auto payment went to principal and $280 went to interest. This month, $460 went to principal and $294 went to interest. Shouldn't the opposite have happened? Thanks for your input. [link] [comments]  |
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