Goin' to the chapel...goin' get bigger payments? Student Loans |
- Goin' to the chapel...goin' get bigger payments?
- How to take out a $5,000 student loan outside the University (like a third party)?
- How long does the paperwork process take to get loans forgiven after 120th payment ?
- How was my total payment allocated to my different loans?
- How long does employer recertification generally take?
- Anyone getting close to 4% fixed refinancing rates anymore?
- $0 income IDR Plan
- Is it a good idea to take out $90k in graduate loans?
- Need Advice on Student Loans + PSLF (RPCV and VISTA)
- Multiple loans serviced by Nelnet - how to apply specific payment amounts to each loan?
- Financial aid advice for in-state student
- IDR recertification form different this year?
- Financial advice needed for a Canadian wanting to attend university in another country
- Is the earnest website down?
- The government took single mom’s $3,063 tax refund to cover her student loans. She’s trying to get it back
- What are my options with Student Loan Company (UK)
- Summer Loans for 3 Different Colleges?
| Goin' to the chapel...goin' get bigger payments? Posted: 24 Apr 2019 01:15 PM PDT Hello, I'm currently on the PAYE plan and my payments are reasonable and based on my income. I'm getting married this year and worried that our dual income is going to increase my loan payments. Advice? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| How to take out a $5,000 student loan outside the University (like a third party)? Posted: 24 Apr 2019 04:52 PM PDT Not sure if this is the right place to ask this question. I'm a senior ready to graduate this summer but I would need to take out a loan ($5,000 to be exact in order to cover the costs of tuition and rent) to finally finish and graduate. I've applied for student loans in several different places like my bank and Sallie Mae to name a couple. I was told by every place I applied to that they'll approve my loan only if I can get a co-signer. The problem is I don't have a co-signer. I don't have anyone in my life unfortunately (friends or family) that can be my co-signer. I really need this loan because I don't want to be here in the Fall or 2020 when I could simply finish school and get my degree this summer. I live in California. My credit score is a little over 700 and I've taken out about $23,000 in student loans in total which isn't great but not too bad compared to other situations I've read online. But I'm currently not working and can't work for health reasons so that's a problem. My question: is there any way to get approved for a student loan in regards to my situation? Should I just lie about having a steady income and they'll approve me that way? I'm not sure what advice there is out there. I wish I had a co-signer. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| How long does the paperwork process take to get loans forgiven after 120th payment ? Posted: 24 Apr 2019 07:16 AM PDT I am over halfway to loan forgiveness under the PSLF program. I work for the government and my employment definitely qualifies and I've been doing my employer certifications annually. I'm looking forward to the future and just wondering what to expect when it's time to apply for the forgiveness itself. Once I pay my 120th payment. Does it take a long time to get the loans forgiven ? Anybody who has completed the program can you share your experience ? I'm guessing it won't be instantaneous and I anticipate I'll probably have to make a couple more payments after the 120th before the whole process is through. Anybody who can explain. I'd greatly appreciate it ! Thanks ! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| How was my total payment allocated to my different loans? Posted: 24 Apr 2019 07:21 PM PDT Hey everyone, I have this giant Excel sheet that I've been maintaining so I can calculate how my payments are dispersed. I recently made a payments to all my loans (nothing was specified) and I am really curious to know how my loan servicer allocated my $1500 to my loans -- more specifically, the money left AFTER paying the interest. Here are the loans that I have and their respective balance and interest on 4/19 -- the day the payment was distributed
I took a look at how my payment was dispersed. Here is the info the Loan servicer Provided.
I understand that my interest is paid first. My question is how is the remaining $1480.46 dispersed. How did my servicer decide that Loan #1 get $256.59, Loan #3 $522.25 ... etc. I've tried a bunch of appropriate ratios to get the appropriate numbers, but nothing checked out on my end. Would love to understand this completely. Thanks for all your help and the support of this subreddit! :) Good luck to everyone paying off their loans. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| How long does employer recertification generally take? Posted: 24 Apr 2019 04:17 PM PDT I just finished my first year of payments and uploaded my ECF two weeks ago. I'm anxious to get these first payments counted [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| Anyone getting close to 4% fixed refinancing rates anymore? Posted: 24 Apr 2019 12:11 PM PDT Hi all, I currently have a 4.37% fixed interest rate with LendKey and a principal balance of around $63k. I have been paying this loan down aggressively and have also had a little pay bump since I refinanced last May. Since my overall situation is better, I am ready to take on a larger monthly minimum payment (I'm paying about double the minimum right now), and because LendKey's platform is annoying as all hell, I have been shopping around for another lender to refinance with even if to get even a slightly lower interest rate. However, they weren't joking about interest rates being on the rise. I can't find anything even close to the rate I already have. Has anyone recently refinanced to something 4% or lower? Looking for any info/tips/experiences. Thanks! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| Posted: 24 Apr 2019 05:29 PM PDT For 2018 I didn't work a single hour, $0 income. It was my senior year so all focus was on school. After graduation it took more than 6 months to get a job and I had to sign up for a repayment plan. I signed up for the IDR plan and entered an income of $0 because I had no income. My payments each month are sitting at a nice big $0. I recently got a job and am wondering when I have to update the IDR plan. From what I gathered it only needs to be updated once a year on the renewal date. Can I wait a ~year to update this info and keep the $0 payment? Of course during that time I'd be paying as much as possible directly to the highest interest rate accounts. Any help is appreciated. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| Is it a good idea to take out $90k in graduate loans? Posted: 24 Apr 2019 01:28 PM PDT Hello, I am a BSN-prepared Registered Nurse in a large urban city in the Northeast US. I graduated in March and have $20k of federal student loans (four loans total, only one unsubsidized) from that degree. They are still in the grace period. I am working and paying them down - I first had to tackle some credit card debt, so progress has been a little slow. My income after taxes, 403b contributions, and health insurance is $3000/month. I am currently looking into a graduate program - a Masters of Nursing that prepares me for licensure as a Nurse Practitioner in an in-demand specialty. The program I want to attend is prestigious and expensive (double the amount of competing programs) and will total about $90k. GlassDoor and PayScale tell me the median salary for this specialty is $105k/year. Representatives of the program say that starting salaries for their grads are around $120k/year, emphasizing that the prestige of the school's name garners a higher rate. I could attend the program full-time for a year, while my husband supports the two of us, and forego the $5000/year tuition reimbursement offered by my current employer. The advantage of finishing quickly is less time for interest on the loans to accrue, and making more income sooner. Alternatively, I could attend part-time, stay employed part-time, and get the tuition reimbursement (plus a little income, like $25k/year). This would get me the degree in 2-3 years, meaning $10-15k in reimbursement but more interest growth while in school. I'd have to take out a mix of Grad (6.6%) and Grad Plus (7.6%) loans. Surely the interest rate will go up for 2020. I've run the numbers through student loan calculators and I understand that by the time I pay the loan off - optimistically within 2 or 3 years after completing the program - I will have paid around $100k with interest. Whatever balance remains on my undergrad loans will have to be deferred while I'm in school. I am very passionate about this specialty career path, but the hefty loans are deeply frightening me. Does this sound a like a sure bet, or a definite recipe for lifelong financial ruin? [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| Need Advice on Student Loans + PSLF (RPCV and VISTA) Posted: 24 Apr 2019 03:53 PM PDT Hey all, I need some consultation regarding my student loans. I currently have 15k in student loans from my undergraduate career at UC San Diego and am going to take on more loans now that I am enrolled for a masters at CSU Global (~15k in tuition). Here is a list of my current loans from undergraduate degree: Total DIRECT STAFFORD SUBSIDIZED $4,195 Interest: $118 Total FFEL STAFFORD UNSUBSIDIZED $1,825 Interest: $357 Total FFEL STAFFORD SUBSIDIZED $7,800 / Interest: $284 Total All Loans: $15,532 / Total Interest: $1,094 And I accepted loans for my first four classes (3 credits each and 12 units total of 36 needed). Federal Direct Unsubsidized (Grad) Loan (04/15/2019-12/01/2019)Amount(USD):Estimated Disbursement Date Term $4,296.0006/19/2019/ 19SD $4,296.0008/21/2019/ 19FB $4,294.0010/16/2019/ 19FD Total Disbursement(USD) $12,886.00 Awarded At this rate, I would take on an additional $38,658 in student debt for just ~$15,000 in tuition on top of my undergraduate student loans of $15,000. I am taking too much on I know, but I could use the extra money as of now as I am preparing for a move to Alaska in an initially low paying job as an Americorps VISTA, which I currently am working as and am making it work. So aside from tuition costs, I will have an extra $2,901 totalling $8,703. I am currently taking too much money, but this extra cash may ease the burden of moving to a new state, so I am planning on readjusting my loans so that it only covers tuition. But here is the thing. I am a returned Peace Corps Volunteer and now an Americorps VISTA most likely extending an extra year. I have been in forbearance for about 3 years now. Now that I have taken on more loans for a masters, I am planning on consolidating all qualifying loans and getting on Public Service Loan Forgiveness. (I kicked myself for not doing this sooner, but am happy considering you restart at 0 payments every time you consolidate, so maybe waiting until now will pay off. Does anyone know if I could possibly qualify my time in the Peace Corps toward payments even though I was in forbearance? Maybe count previous payments toward PSLF? Or would I have had to be in the public sector while paying? I am planning on applying the education award of $6,000 from VISTA to my consolidated loans, which I believe will qualify for 12 payments. So my biggest question regarding loans for grad school is this: Should I take on as much loans as possible if I plan on staying true to PSLF on an income based repayment plan, or should I take on the minimum just in case I don't end up working in the public sector for 10 years and make those 120 payments? I have credit card debt that I could potentially pay off with excess loans since the loan interest rate would be significantly lower than the credit cards one their 0 % APR rates expire. Any advice on here is greatly appreciated. Cheers! Cameron [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| Multiple loans serviced by Nelnet - how to apply specific payment amounts to each loan? Posted: 24 Apr 2019 09:25 AM PDT My loans are on autopay. I cannot figure out how to tell Nelnet to pay X amount to loan 1, Y amount to loan 2, Z amount to loan 3, etc. Is it possible? Right now I am paying the minimum but I want to aggressively pay off these loans within 4 years. My income is the limiting factor. My Student Loan Payoff Plan is as follows: Nelnet loans: 1) $3525.37 @ 6.55%, pay $110/month for 36 months ($368 in interest cost) 2) $4893.54 @ 6.55%, pay $150/month for 36 months ($510 in interest cost) 3) $5485.97 @ 4.25%, pay $125/month for 48 months ($491 in interest cost) 4) $6584.42 @ 6.55%, pay $202/month for 36 months ($686 in interest cost) Navient Loan: 1) $6662.48 @ 3.73%, pay $150/month for 48 months ($518 in interest cost) [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| Financial aid advice for in-state student Posted: 24 Apr 2019 06:34 PM PDT SORRY IF THIS IS SUPER LONG!! Hello! I will be attending a state university in the fall but have ran into a small problem financially. Up until this point, my dad had said that he would pay for my undergraduate studies if I went to the state school, and after getting rejected from my top choices, I decided to go to the big university in my state. I received an academic scholarship but it doesn't cover all of my expenses. Because my dad makes around six figures and had a FAFSA EFC of $21k, I didn't qualify for a pell grant or really any need-based scholarships, and was only given a total of $8,000 in subsidized and unsubsidized loans. As a result, my dad is now back tracking and saying that he wants me to attend another school in my state (that isn't as good academically) instead. I definitely don't want this as I've worked really hard and have already completed my housing contract, chosen my roommate and mentally prepared myself for months to attend this school. If he isn't willing to pay for me to attend this university (as he once stated he would), I would like to know my options. My mom and my dad were never married and she makes significantly lower than he does, but she is willing to provide around $50k by selling her condo to help pay for school (since she lives with her SO most of the time anyway). Even though I had not planned on it, I'm willing to work as needed to help cover expenses since I doubt once he finds out I want to attend the bigger state university he won't contribute and it will solely be up to me, my mom, and her side of the family. As far as loans go, I know it's not ideal but I'm more than willing to obtain a private loan to pay for my education. I plan on attending law school after and hopefully through working extremely hard and doing extremely well academically, I can get a merit scholarship to a law school so that my costs will be lower. The field of law I intend on going into is high paying and with careful planning and budgeting, feel like I can pay off my loans in a timely manner. I know a lot of people go into debt due to loans (my mom being one of them) but this school is what I have always dreamed of and I'm honestly willing to do anything to go there. My main question is when looking for private loans, what are some important factors to consider when choosing one? As far as interest rates etc. I would need to take out possibly $40k to pay for at least the first 2 years, and then after I will have the other 2 years paid for, and if not, at least can decrease the cost by not living on campus and obtaining scholarships within the university for undergrad students. Really any information about undergraduate loans would help! I'm just trying to see all of my options. Thank you :) [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| IDR recertification form different this year? Posted: 24 Apr 2019 12:53 PM PDT I've had my head down for a whole year since I last reapplied for IDR. Difficult life circumstances and haven't been paying attention. I'm trying to recertify for IDR. For the past few years, I've filed as married filing separately and have not involved my spouse at all. We have a child with multiple medical conditions and I haven't been able to work. We've filed taxes separately so that my payment would be zero. My payments would be crazy high and the benefits of filing separately far outweighed filing taxes jointly. It seems like the recertification form is a crazy choose your own adventure that I don't want to be a part of this year. It was fairly simple in past years but now I have no choice but to include my spouse's tax return. I am worried they will take me off of ICR and put me in another payment program. Am I doing something wrong or is this just how it is this year? Does anyone know when/why these forms changed? Also, I don't want to be so uninformed anymore. Any suggestions for good info sites? Thanks so much for any advice. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| Financial advice needed for a Canadian wanting to attend university in another country Posted: 24 Apr 2019 12:40 PM PDT I am hoping there are some Canadians on here who have completed or are in the middle of completing a Masters Degree/Postgrade Coursework degree in another country, specifically Australia? I have been accepted into a postgrad program in Aus but the tuition is crazy, and I can't quite figure out what my options are for loans/scholarships! It seems Canadian banks only offer student loans for students going to school IN Canada, and scholarships aren't common. Does anyone have any advice? Thanks! [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| Posted: 24 Apr 2019 04:25 AM PDT If I can get to my dashboard I keep getting an orange pop-up when I try to review loan details. It's been happening since yesterday. "We're having trouble loading your loan details. Our team is working on it. Please check back later, or contact Client Happiness at hello@earnest.com" So annoying since this is the time of the month when recurring payments are posted. Edit: Aaaaand it's back, but at least correctly updated. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| Posted: 24 Apr 2019 04:46 AM PDT | ||||||||||||||||||||||||||||||||||||||
| What are my options with Student Loan Company (UK) Posted: 24 Apr 2019 03:48 AM PDT Hello everyone, would love to get some help on this one. Basically I have been studying and living in UK (Wales) for like 1 year, took student loan, because of personal matters moved away, therefore failed the course, and living overseas and not planning to come back to UK in the near future. I'm not earning over the treshold for payments. Student Loans Company is bombarding me with mail with updates on my loan, they ask for my contracts and payslips, but I'm moving a lot and a lot of their mail can't reach me. Also their mail is not "official" by my country standards, without any delivery confirmation, it's just some stuff they pop into my mailbox and postmen in my country don't pay much attention to that kind of mail and sometimes it happens stuff like that gets lost. Last week I found some mail from december(!) where SLC informs me about moving my current debt into collections etc etc. I'm gonna reply with my current salary and all the info they want but is there any danger to this in the future? Does SLC have the tools necessary to get to me overseas if I will not be replying to them in timely manner? Also what are my options - can I ignore them if I'm living overseas and not having any account on business in UK, or can I try to ask them for debt freeze or something? Cheers. [link] [comments]  | ||||||||||||||||||||||||||||||||||||||
| Summer Loans for 3 Different Colleges? Posted: 23 Apr 2019 08:57 PM PDT I am taking online summer classes at 3 different colleges 19 credits in total. Typically I take out parent plus loans. My plan was to take out the full amount needed for all my classes from the university where I am getting my degree. I did not realize that you can only take out as much as your credits are. I am still short some money so need to take out private loans. College 1 (my degree granting full-time university)- currently paid for by Parent Plus loan- 6 credits College 2 (Community college)- paid with a credit card but needs student loans-10 credits College 3 (Community college)- have not paid for- 3 credits I want to take out a loan through citizens bank for 4000ish to cover the remaining 13 credits from community colleges. I might have messed up as I paid for college 2 with a credit card already planning on being able to pay back with the extra I thought I was getting back. I needed to pay for the classes as their deadline for payment was approaching. I have yet to pay for college 3. My Question: What school do I put on the citizen bank loan? degree-granting or the community college 2 or 3? Is there a way I am going to be able to take out the full amount needed for community college classes even though I already paid for one of the classes with the plan to pay off the credit card with student loan money? Thank you if you took the time to read this and help me! [link] [comments]  |
| You are subscribed to email updates from Advice, articles, and general discussion pertaining to student loans.. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment