Bill may help millions qualify for popular Public Service Loan Forgiveness Program Student Loans |
- Bill may help millions qualify for popular Public Service Loan Forgiveness Program
- Anyone thought of moving into a van to reduce expenses while paying off student loans?
- $120k feels impossible to come back from
- Is my situation normal?
- I got sent an offer
- Wage Garnishment is killing me... where do I go from here?
- Help! Being asked to repay Federal Pell Grant?
- Question on PRIVATE loan, not govt.
- Refi help.
- Being told I can't defer my student loans during grad school by Navient
- MyStudentLoanHelp loan relief?
- How do I see these stories of people paying off 250+k of debt in like 5 years?
- Does paying down principal lower monthly payments on student loans?
- Tax Refund Offset
- Please Help! Automatic payment not posted with FedLoan -- they won't pay me back the interest accrued for their mistake
- Is this legal
- The Student Loan Crisis Just Keeps Getting Worse
- Student Loan placed into forbearance without me even asking?
- Help with payments
- What's the craziest thing you've done to pay a loan?
- PAYE - Married Filing Jointly or Separately? - Same Income and Loan Balances - Spouse Will be Unemployed
- Unpaid Student Loans Appear "CLOSED" on Credit Report
- Where to begin on taking out out my student loans?
- Do you withdraw loans fir the entire academic year or by semester?
| Bill may help millions qualify for popular Public Service Loan Forgiveness Program Posted: 11 Apr 2019 10:41 AM PDT Bill may help millions qualify for popular Public Service Loan Forgiveness Program Too good to be true? Trying not to get excited! "The new legislation would make all federal loans eligible for the program. Under the current law, borrowers in the Federal Family and Education Loan (FFEL) Program do not qualify. In addition, all federal repayment plans would be eligible for the relief. There are some 14 ways to repay your student loans, but to qualify for public service loan forgiveness you currently need to be enrolled in one of the four income-based programs." " One of the most notable changes: Borrowers would no longer have to wait a decade to get relief on their loans. They could have half of their loans forgiven after five years. " [link] [comments]  |
| Anyone thought of moving into a van to reduce expenses while paying off student loans? Posted: 11 Apr 2019 08:26 PM PDT I live in the bay area where van dwelling is becoming increasingly more common due to cost living and large numbers of "outdoorsy" people. I've been perusing r/vandwellers and some of the people there have done a great job making their vans comfortable/inviting. With >100k left in loans it's definitely getting tempting... [link] [comments]  |
| $120k feels impossible to come back from Posted: 11 Apr 2019 05:02 AM PDT Hi all, I am having awful thoughts about a giant lump of student loans. I went to a private school out of state and had to transfer back home after three years, finishing my degree at home and will graduate in the fall. Currently I am working a job where i am making about 25-30k while living with my parents. My car had some issues and i broke my computer, so im only sitting on a few thousand dollars at the moment. This number seems impossible to me. I am going to graduate with a degree in Business Admin, I dont have a ton of work experience, and my anxiety has anxiety about all of this. What am I able to do about this? I have read about being able to refinance my Parentplus loans and my loans all together but not until i graduate. I think my biggest stressor is not being able to refinance them together and get them in my name. What if i dont qualify for anywhere? I dont want my parents to hang this over my head forever, i want to be able to manage it myself. Forever making payments wouldnt break me, I know you can get some sort of income based repayments but I couldnt deal with my parents forever. My girlfriend wants me to move into her appt when her lease is up next month and we would split the rent, but she gets mad when i tell her i want to save up money until I graduate before we figure that out. Really I am just looking for some peace of mind I guess, everyone who has this much debt has a doctor/lawyer job but I hardly see average people surviving this and wanted some advice. [link] [comments]  |
| Posted: 11 Apr 2019 11:40 AM PDT I have not done much research on student loans, and I am curious if my situation is normal, or very unique? I have not read many threads on here, so it may be normal. I originally borrowed $45K; I have paid back $71K; and I still owe $54K. I graduated school in 1996, so that was the last year of my loans. My provider is Navient and my rate is 9%. I have used many deferments or any other way over the years to keep from paying at times because of low income. If I tell anyone that I have paid $71K on a $45K loan and still owe $54K, they tell me that is insane. [link] [comments]  |
| Posted: 11 Apr 2019 11:11 PM PDT Original loan 9k. Collection offering me $7.5k. Does this mean I have to pay the whole $7.5k all at once? [link] [comments]  |
| Wage Garnishment is killing me... where do I go from here? Posted: 11 Apr 2019 06:56 PM PDT For about the last year now, I've been living with wage garnishment from my defaulted student loans. I never was able to finish school because I couldn't afford to keep going. I stayed too long at a dead end job hoping to get promoted (never did), and I made poor financial decisions. I never had much disposable income to really put a dent in my student loans, so I tried to finance a freelancing career in my field of study instead, which also didn't work out. In the last couple of years I have finally managed to work myself to a full time position. Long story short, I missed being notified regarding my garnishment and decided to just live with it when it started - I figured this would get it paid off sooner or later either way. For the first year, it was manageable, but now my cost of living is keeping me from being able to make ends meet, and I am falling behind on my utilities payments, etc. Depression and anxiety are tearing me apart. Things are hard enough as it is, and my wage garnishment is currently the final punch in the face. My research online has brought me mostly to resources for how to stop wage garnishment before it begins - I want to know how I can reassess my debt and make things a little more manageable from here. I'm also very confused as to who I would even need to get in contact with. Any help is greatly appreciated. [link] [comments]  |
| Help! Being asked to repay Federal Pell Grant? Posted: 11 Apr 2019 02:32 PM PDT Quick background: i was initially in college from 2012-2014 but ended up having to take time off because my parents ended up not being able to help me afford college anyone. In fall 2017 I had paid off an outstanding tuition bill from this school and was told my account was completely satisfied and they released my transcripts. I returned to a new school spring 2018 and haven't had any problems until I got an email from my new school saying they can't process my financial aid for the upcoming year because of a defaulted loan. So I checked FAFSA and it's coming up that my old school is saying I've defaulted on a Federal Pell Grant disbursed my first freshman semester. Why would I have to pay back a grant? And why is it only showing up now? Will I have to pay it or can I fight it? [link] [comments]  |
| Question on PRIVATE loan, not govt. Posted: 11 Apr 2019 04:07 PM PDT So I cosigned for a total of $45,000 for my kids 2 years at school. I have paid about 5 months and they're caught up. My kid hasn't paid anything, doesn't work in the field he went to school for and I can't pay it any more. He works part time for 12 hr. I have $35,000 in debts and no assets like cars, savings...I have a mortgage on my house. I do have $100,000 in my works retirement, similar to a 401k . I can't draw it until I retire. What do you think the bank will do? If they take me to court and get a judgment then that's what's gonna happen. I know at best it will go to collections and my credit will be ruined for awhile. That I don't really care about. Does anyone have real knowledge or deal with this field? [link] [comments]  |
| Posted: 11 Apr 2019 03:54 PM PDT I am so frustrated.i thought I would be able to refinance student loans to better rates/terms yadda yadda after a few years. I have about $210,000, never deferred beyond the initial in school period, perfect payment history. Credit scores 750 ish for all 3. Only debt is these fuckers. But the payments are painful. One of them is 10% for $40,000 (and a deceased cosigner). I figured I'd start with that one, instead of trying to get the whole lot refied at once. Maybe that's the wrong tact? The other part is given that my cosigner died I don't want to add a new one if I don't have to. Anyway, what company isn't going to say my debt to income ratio is to high? Which company is going to say, well she made these higher payments so let's refi her loan? Or is there another way to do it that I have missed? Feeling helpless after getting a bunch of no's last night. [link] [comments]  |
| Being told I can't defer my student loans during grad school by Navient Posted: 11 Apr 2019 03:50 PM PDT So I have consolidated parent plus loans through Navient, and consolidated Stafford loans through Great lakes. I've been out of school and working for 2 years and have been making payments on my loans consistently. I'm looking to defer my loans while I go to grad school for my master's in August. I was offered a teaching assistantship and a tuition waver during that time, so if I don't have to pay my student loans I think I can get by. I couldn't afford housing, my car payment, etc. and the student loans all together. My parent called Navient but they were apparently told that because my loans have been consolidated they can't be deferred even while I'm in grad school. Apparently if the loans weren't consolidated they would be eligible for deferment. On my account I can see the four "Direct Parent Plus" loans with a balance of zero, and the one "DL Consolidated - Unsubsidized." I haven't even bothered talking to great lakes yet because those payments are much smaller and I'm less concerned about them. I can't make the payments on the assistantship salary, and my parent can't make the payments for me while I'm in school. So my question is, is there anything I can do? Could I consolidate with another loan servicer who might let me defer, or maybe refinance through a private lender that will let me defer? Can I unconsolidate my loan? I'm at a loss here, I really don't know what options I have, but I can't be the only person who consolidated and then needed to defer for one reason or another... right? [link] [comments]  |
| MyStudentLoanHelp loan relief? Posted: 11 Apr 2019 07:34 PM PDT Hey guys. Has anybody heard of this? Or is it a scam. Tried doing research and came up with nothing from it. Website has a "As seen on Google, MSNBC, Yahoo....etc" [link] [comments]  |
| How do I see these stories of people paying off 250+k of debt in like 5 years? Posted: 11 Apr 2019 07:27 PM PDT How is this done? I am quite concerned being a college student soon. [link] [comments]  |
| Does paying down principal lower monthly payments on student loans? Posted: 11 Apr 2019 06:22 PM PDT Question is fairly straight forward. If I were to contribute a lump sum to my student loan principle (say I received an annual bonus), could I expect my following monthly payment due amounts to lower? I feel silly asking the question because it seems so simple, but I cannot find a clear answer. Hoping that someone here can provide me one. Thanks. EDIT: Just to provide some context, I've already refinanced at the beginning of this year and I know paying down the principle will reduce the length of the loan, therefore saving me money in the long run. What I'm trying to accomplish is reducing my monthly payment amount as much as possible to afford an apartment closer to my place of work. [link] [comments]  |
| Posted: 11 Apr 2019 01:22 PM PDT I found out yesterday that I have loans that have been sent to collections. I graduated college in 2015 and my loans went into default a few times from what I can remember. As of 6 months ago I went on an income based payment plan with 0$ payments a month and have just been making payments when I have extra cash. These are all in good standing now. I thought I had consolidated my loans through navient (22000 of loans are through their site) but apparently there were a few that werent?? I had over $2300 taken from my tax return to pay for some of these defaulted loans. Credit karma shows that I have two loans closed by the dept of ed. for around $1100 and $900. I wanted on hold for 40 min to talk to them but will call back later I am honestly just confused and upset about why these weren't consolidated with my other loans, and what I can do. The collections company won't really clarify what these are from except that that came from the Dept of Education. Why was I never notified about these and what in the world can I do to get this situation under control? I'm sorry for the rambling post but any and all help will be greatly appreciated and let me know if I can clarify anything. [link] [comments]  |
| Posted: 11 Apr 2019 12:55 PM PDT Hey everyone. First time posting here. I need some help with my federal student loans I have through MyFedLoan. I've had automatic direct debit payments setup through them for years now to get that small interest rate credit. Never had a problem until my last payment, which was supposed to be posted on 3/28. I understand it always takes a few days to post, but it's been 14 days and the funds were never taken from my bank account and applied to my loans. I called MyFedLoan three times, and they could not tell me why this happened. I don't know if it was a technical issue on their end, or if they are actively trying to defraud me by making me pay more interest. They told me they can't do anything to fix the extra interest that has been accruing since my 3/28 payment was never made. They can only put in a request after 90 days from the missed payment, but that is also when it would conveniently be reported to the credit bureaus. It's not a crazy amount of extra interest, but I will be damned if I am forced to pay them anything extra because of their mistake. I am not sure what action to take at this time. Should I submit a complaint through the Federal Student Aid Feedback System? submit a complaint to the Federal Student Loan Ombudsman? The Consumer Financial Protection Bureau? This is the advice I found online, but I wanted to ask here in case any of you have been in a similar position. Any advice will be great. Thanks for reading my rant. edit: I forgot to mention that i am in paid ahead status because I pay A LOT extra on top of the minimum each month. So the current payment due shows as $0.00 even though I have direct debit setup. I even got an email reminder on 3/21 of the upcoming transaction on 3/28 [link] [comments]  |
| Posted: 11 Apr 2019 12:46 PM PDT I have approximately 46k in student loans. I'm still in school. I am making principle payments. I've managed to pay off 4 loans so far. I am considering changing the withholding on my W2 to a higher number to increase my take home pay. I would use the increase to pay off my loans faster. I have 3 unsubsidized loans. One is 11k at 5.05%, $5875 at 4.66%, and $7071 at 3.86%. The rest of the loans are subsidized. I am targeting 1 loan at a time until its paid off. I appreciate any suggestions. [link] [comments]  |
| The Student Loan Crisis Just Keeps Getting Worse Posted: 11 Apr 2019 07:45 AM PDT I feel like I'm having dejavu watching the crisis unfurl, and it stems from following the mortgage crisis that unravelled the entire economy way back in 2007/2008. With recent comments from "Captains of Industry" like JP Morgan's Jamie Dimon, warning signs all across the board that a big debt default is coming, yet TOTAL cluelessness signaled by politicians like Maxine Waters... how are we ever going to turn this thing around? I wrote up my thoughts on the widening Student Loan Debt Crisis here, but I'm really looking forward to having a serious discussion with everyone on this board about what some effective solutions for fixing the structural issues might be. Can we all stop complaining about our loans for a few minutes to talk about effective long-term solutions? I do a lot of research on ways to eliminate debt, but I have to be honest that I'm not all that familiar with the theories about how we can prevent student loans from being such a widespread burden in the first place. Maybe some of you are, and can point me to some relevant research, studies or proposals? My questions: What should be done about existing loans? What needs to change with how new loans are issued? Or are we just too late and the bubble is already too big? Any suggestions and input is most appreciated! [link] [comments]  |
| Student Loan placed into forbearance without me even asking? Posted: 11 Apr 2019 08:27 AM PDT I have 4 private student loans with AES (American Education Services) and noticed this morning on the account that the two loans were placed in forbearance.. one with "Grace Forbearance" and another with "In-School Forbearance".. I never requested for forbearance/deferment and have been making payments above the minimum without issue. A year ago I started attending a school for my MS degree, but did not take any loans or anything for that, my work actually pays the tuition for it. Only thing I can think of is on my tax return I submitted that I am a part-time student again.. Should this be something I should be concerned about?? I watch my credit history and there are no irregular activities and my score is still hanging solid at a pretty good amount. [link] [comments]  |
| Posted: 11 Apr 2019 03:47 PM PDT I owe about $28,685 and I'm still in school and graduating next month. I want to make a payment right now. I have saved over $5000 and I want to pay $4000. Should I pay the principle or the interest. I have enough money to pay off all the interest. [link] [comments]  |
| What's the craziest thing you've done to pay a loan? Posted: 11 Apr 2019 03:26 PM PDT |
| Posted: 11 Apr 2019 10:18 AM PDT I haven't been able to find a thread covering our specific situation. My question is how we should file this year, married filing jointly or separately. We both have student loans balances of about 100k. Both make around 55k/year before tax. Both under PAYE. In previous years, we filed jointly. Under PAYE, each others total loan balances were factored in and incomes about the same, so our monthly payments were about $250 per person. The biggest change is that we had a baby this year and my wife plans to take a few years off of work to focus on being a mother. Around the end of June this year (2019) she will be unemployed. I believe our income re-certification is beginning of August. This re-certification would pull from our latest tax return and it's my understanding that if we filed jointly, her payment would not be $0/month because it would include my income. But at the same time, would include my debts. What is our best option for filing these next few years while her income is $0, considering our loan balances are about equal. For tax/deduction purposes.
Happy to share any other info needed Thank you! [link] [comments]  |
| Unpaid Student Loans Appear "CLOSED" on Credit Report Posted: 11 Apr 2019 10:53 AM PDT I checked my credit score for the first time in FOREVER and saw that my 2 federal student loans were listed as "CLOSED". It looks like they closed mid last year. I haven't paid anything to them so I'm not sure what is happening. I have had them for over 8-9 years. Does a closed loan show up on your printed report? Has this happened to you/what was the outcome/ what should I do if you know.. [link] [comments]  |
| Where to begin on taking out out my student loans? Posted: 11 Apr 2019 09:17 AM PDT I really don't know where to begin or what to do. I'll be taking everything out myself starting in the fall. Is there a step by step guide on how to? Tips? Advice? Maybe a book to read to figure this all out? Background: So I do know if I work and play my cards wisely, I'll only have to take out a little over or a little less than 20k once I graduate. Possibly less if I work a lot, but I'm a transfer student heading into my major now and the workload is going to be a lot I've been told. I don't have a final number on how much I'll be taking out in the upcoming school year, but it's rounded at 15k or 16k at this point. My senior year and I plan on getting an apartment and not get the dining plan to save even more money, so I'll only be really taking out of a loan for tuition and books my last year. If it helps, I'm transferring to FL State in the fall. My financial aid package w/ scholarships came out to be 6k for the school year. Sorry if this is disorganized, I don't know where to begin. [link] [comments]  |
| Do you withdraw loans fir the entire academic year or by semester? Posted: 11 Apr 2019 08:06 AM PDT Just wanted to know how I withdraw a loan, specifically a private loan like Sallie Mae. [link] [comments]  |
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