Im still paying student loans for a school that is closed down/didnt get my degree in. Student Loans |
- Im still paying student loans for a school that is closed down/didnt get my degree in.
- My own student loans + Parent PLUS loans? I'm not financially savvy and need serious help...
- I have a preexisting student loan that I am paying off very well, I am applying to the same loan comapny and they are denying me. Actually, almost all loan companies are denying me right now.
- Discover Private Student Loans - lost paperwork + advice for you all
- Borrower Defense Claim coming up on 4 years pending (submitted August 2015)
- Keep standard repayment or switch to graduated repayment?
- Paying of Student Loans in Lump Sum
- Teacher Loan Forgiveness Questions
- I work for National Student Loans Canada. AMA
- Direct Subsized loans
- Can I have more than one consolidated loan?
- How to Balance Cost of Living with Student Loan Payments
- Looking for a few more borrowers to participate in the survey/focus group to provide feedback to improve the online experience for federal loan borrowers
- Trump fucking us more?!!
- Parent PLUS Loans - Divorced Parents
- Graduating in a month with $140K in student loan debt. Looking for reassurance/advice.
- Loan Question
- Should I take a student loan?
- Maxed credit cards, can I transfer debt to student loan?
| Im still paying student loans for a school that is closed down/didnt get my degree in. Posted: 08 Apr 2019 04:02 PM PDT I started Sanford Brown Institute for medical assisting back in 2011. It was only a 2 year program but I wound up never finishing. All I had left was my 180 hour externship and then I would have gotten my certificate to be a medical assistant. Eventually I called the school to go back and finish my externship and I found out that the school was completely closed down. Now I am unable to get my certificate, can not go somewhere else to finish my externship, and I an still in about $10,000 of debt from this AND I have been paying it back every month. Any advice ? [link] [comments]  |
| My own student loans + Parent PLUS loans? I'm not financially savvy and need serious help... Posted: 08 Apr 2019 05:14 PM PDT Hi all, I will preface by saving that I am not financially savvy and am confused most times by anything that has to deal with money, but I've been trying my best to get better with this because I need to be more money-wise for my future. Also, my apologies if I use a term wrong I'm still sort of learning as I was just blindly followed my dad's say while applying for student loans. The Basics: I have three years of student loans through the government in my name that totals about $30k through Nelnet. I have one private loan in my name at Sallie Mae that totals $33k with a 10.75% interest rate. There is also a Parent PLUS loan in my dad's name for $106k with a 7.1% interest rate through Navient, which as of right now, I'm pretty sure he has no idea about because I'm almost positive he thought he was simply co-signing on the PLUS loan rather than filing for it in his name. All payments are going to start this August. I also plan on going back to school soon (within the next year or so) to get my accelerated BSN and move on to a CRNA. Right now for the loans in my name, I'm not sure if the better options is to consolidate and/or refinance with a company like SoFi or earnest. I've heard mixed reviews on whether it's a smart choice, so I'm hoping for advice on whether this would be a good option given my types of loans and my plan for further education. I also plan to attack these loans to get them down as quick as possible but I'm also working as a phlebotomist making $13.50/hr 🙃 (just working on my means to an end). Also, I feel like I need to inform my dad that this PLUS loan is in fact in his name and that he is legally obligated to pay it. Him and my mother make a decent combined income, but I know they are planning to buy a new car quite soon. We never talked about transferring this loan to my name or such because again, I think he believed he was only acting as a co-signer. If he does say that he's not paying it and that it is my responsibility, what would your advice be on how to go about that? I've read that SoFi sometimes allows the PLUS loan to be refinanced to the student, but should I then consolidate all of my loans together? I am at a loss on what to do. I want a solid financial future and to not be living/working to solely pay loans for the next 20-some years. Any help would be greatly appreciated! Thank you in advance. [link] [comments]  |
| Posted: 08 Apr 2019 06:51 AM PDT Some background: my credit score 2 years ago was on the lower end, like 550 (because of a medical bill of 967$ in collections). However, after 2 years I raised my credit score from 550 to 720. Currently my credit score is at 716 (i have no idea how it randomly dropped 4 points). I have a loan through Sallie Mae for $8,200 ever since September of 2017 and I have been on top of paying my monthly interest fees. In fact, I pay more than what I have to sometimes. I have never missed a credit card bill. Now, I am applying for a loan for $9,200 for school and Sallie Mae, and pretty much other loan companies, are denying me. I have my dad as my cosigner for my $8,200 loan. I also have my dad as the cosigner for the $9,200 loan but that is denied. Currently, I work part time as a manager at a gym and a personal trainer. I don't make much because I am a full time student, but I make about $1,000/month (I understand it really isn't much but all that money I make, I put it towards my student loans, gas, savings, etc.) I really need some help figuring out what to do and how to get a student loan; My next school semester is starting in about 3 weeks and I have to get a loan by then. Please if anyone has any information, I would really appreciate it. (sorry for the unorganized run-down) [link] [comments]  |
| Discover Private Student Loans - lost paperwork + advice for you all Posted: 08 Apr 2019 12:02 PM PDT Hello all - I have been scouring the internet and have a lot of my ducks in a row but wondering if anyone else here has had issues with student loans that Discover is now servicing and formerly belonged to Citibank (or any other bank for that matter). How do I make this short? I had something like 31k in private student loans with Citibank back in 2006. I filled out an application to consolidate them in 2007. Fast forward to today, Discover is servicing the loan (as of 2011) and I took some time to look at my account history about 2 months ago and realized I have paid $32,000+ in payments on the loan but owe something like $40k. This is due to this interest pyramid scheme of sorts they run and my interest rate is 8.95%. This interest rate is NOT what I remember paying when Citibank had my loans. In fact, I remember paying two loans (one total price) each month when they were serviced by Citibank. The only Citibank paperwork I can find (multiple moves) in related to one of the federal loans that was consolidated. It's from 2009 and shows a 4.75% interest rate. Weird that my other loans would qualify for an interest rate that is half of this one, right? So I call Discover and play the game - if you have had issues with student loans you know what I mean - the game of tag, you talk to one person, another, another - no one calls back when they say they will. You email, file CFPB complaints, etc. Well the first call in February I am advised it will take 7 -10 days to get my paperwork from Citibank. About 3 weeks after this call, I still have no paperwork. I call back, go in circles again. They say they've mailed a transaction history and promissory note. I receive nothing. They send it again. I receive it: Neither has an interest rate on it! The only thing I need here is something that shows my interest rate is what they say it is. So, I call back and a more transparent representative tells me they've made two attempts to get something called an "Approval Disclosure" from Citibank. Here's an important thing for all you private student loan holders - the Truth in Lending Act says that in order to consummate a private education loan, the borrower fills out the application/promissory note, an approval disclosure is sent out with the interest rate and terms for the borrower to sign off on (it also advises you your other options that may have lower interest rates) and then once you sign it and send it back, they send out a final disclosure. No one can seem to locate this approval disclosure (to this day), I file a complaint with the CFPB and get a Discover agent who is looking into it. He ends up closing my open complaint as though it's fulfilled. In my file: transaction history, promissory note (no interest rates) and a final disclosure. There is nothing that has my signature on it to consummate said interest rate. Here I am today - with a promise to call me back about what they can do to get this approval disclosure - no phone call back yet. Had I not known about the approval disclosure, I would have walked away thinking they did all they had to do to prove the rate. If you have a similar situation to me with a private consolidation with Discover that was sold to them, make sure they have your approval disclosure. What do I do next? What would you do? [link] [comments]  |
| Borrower Defense Claim coming up on 4 years pending (submitted August 2015) Posted: 08 Apr 2019 11:57 AM PDT I submitted my claim in August 2015. I've called the borrower defense hotline about 10 times since then, each time receiving more or less the same information. They don't know anything, they're not told anything other than yes they have the claim. They don't know anything about the tiered system of relief Devos wants to implement, nor rates of denial/acceptance. Has anyone submitted a claim and had a decision made on that claim? I went to ITT Tech in 2005-2007, the school was shut down in 2016 because they lost their federal funding due to fraudulent activity. This seems like about as open and shut of a case as you can get for borrower defense, yet I'm approaching 4 years pending. [link] [comments]  |
| Keep standard repayment or switch to graduated repayment? Posted: 08 Apr 2019 08:06 PM PDT When I graduated from college, I had a pretty good repayment plan in place with Great Lakes. It was a graduated repayment plan for 10 years. I believe I would pay about $53k over 10 years so about $10 interest. I was about two years into it when I got a letter to consolidate my loans. Sounded too good to be true and I fell for paying $900 to consolidate it. Yes I felt scammed for paying for something that could've been done for free, but at least the work was done. Now I'm with FedLoan Servicing with this standard repayment plan. I owe about 40k at 5.25% The term is 299 months at $250. So after 25 years I would pay over $70k... that's 30k interest but over 25 years. Now that I have a better job ($50k/year but expenses are very minimal right now) so now I want to take this repayment more seriously. My question is, Should I just pay more than the minimum each month OR apply for a graduated repayment plan? I feel like when I have something owed I feel more obligated to pay. What I mean by this is my loan payment is $250 a month so I don't really pay over that. But with a new plan, if it says to pay back $400 a month, I will do it. I'm leaning on just paying $400-500 a month right now with my current plan, but would like to know what others think. I can tell you so far I paid Fedloan about $7k since I switched and only $2k was applied to the principal. TLDR: Keep standard repayment plan and discipline myself to pay more than the minimum; explore graduated plans and have something in place for the next 10 years [link] [comments]  |
| Paying of Student Loans in Lump Sum Posted: 08 Apr 2019 12:32 PM PDT So I am 120K deep student debit. This is not from private loans. Good news is I may be able to pay off a lump sum of the debit. I'm hearing all sorts of conflicting advice. I Basically, I am wondering if it is possible to negotiate a lower amount on total owed if I pay a large sum of it up front. Is this possible? Has anyone else heard of this? [link] [comments]  |
| Teacher Loan Forgiveness Questions Posted: 08 Apr 2019 01:04 PM PDT
Thank you all in advance! [link] [comments]  |
| I work for National Student Loans Canada. AMA Posted: 08 Apr 2019 11:58 AM PDT I'll let you know what's up. If I give an opinion, it's mine and not my employers'. Edit: My primary area of expertise is repayment. [link] [comments]  |
| Posted: 08 Apr 2019 03:13 PM PDT Iam a senior in highschool entering college this fall semester. I got offered a $1,732 direct subsidized loan but I will get a full ride scholarship (Florida Bright Futures) plus $1,500 per semester ( Uni given scholarship). My question is, is it worth to get the direct subsidized loan to possibily: 1.) inflate my savings account and increase its growth. 2.) Have a "just in case" funds 3.) have more usuable funds in general The origination fee is minimal ($18) and I'm not the type of person to spend just because I have money. So is the loan worth getting? [link] [comments]  |
| Can I have more than one consolidated loan? Posted: 08 Apr 2019 03:16 PM PDT I have an existing consolidated loan from my undergrad and first master's degrees. I've gone back to school for a second master's and have several small loans for each semester. I do not want to consolidate the current consolidated loan with the new direct loans because I have already made several qualifying PSLF payments towards the consolidated loan, which would be lost if I consolidated everything together into one new consolidated loan. What I'd like to do is take all these new small loans from my 2nd master's and have a 2nd consolidated loan. My reasoning is that this would increase my average age of credit, improving my credit score (having one new loan instead of multiple new loans). Tl;dr: Is it possible to have more than one consolidated direct student loan? [link] [comments]  |
| How to Balance Cost of Living with Student Loan Payments Posted: 08 Apr 2019 06:51 AM PDT https://www.debtdiscipline.com/balance-cost-student-loan-payments/ Any other advice to balance both? [link] [comments]  |
| Posted: 08 Apr 2019 08:16 AM PDT hi there. A few weeks ago I posted the below. Since then some of you as well as myself have participated in the interview and were able to provide our feedback to help improve things in the future for borrowers. I personally found the team very well versed in the student loan experience and already aware of most of at least my "hot buttons." Hopefully others who participated can provide their own feedback. They are looking for a few more borrowers - specifically defaulted borrowers (or those who defaulted in the past) and older borrowers. This round you can do so by phone or skype. If you are interested in participating please let me know and send me your email address and I can connect you. Original Post Hi there. A company is looking to interview in person borrowers of all kinds - default, in good standing, parent, pslf pursuing etc the weeks of April 1st and April 8th to discuss what improvements could be made to online loan servicing. This is a very legit situation and would give folks a real opportunity to improve this landscape. They want to do these in person - hence the location restriction. If you are willing and able please let me know. EDIT - I should add that they are not offering compensation that I am aware of EDIT - I received a very thorough answer about what info they are collecting - posting in a comment referenced comment: To address what they will be collecting for info and what their goal is - here's what i got as a response - short answer - they will ask your name only as far as PII goes. "Big picture, we are trying to capture people's personal experiences with federal student aid so we can make the experience easier in the future. This is not a test, and giving a perceived "wrong" definitely would not get them in any trouble if they are having issues with their loans. We're just trying to map out what the current experience is like for our customers so we can determine what the pain points are and work to prioritize and fix them over time. We want to hear their feedback about improvements we are making to Federal Student Aid websites, mobile applications, and other digital tools to ensure that these services are usable and relevant for them. We know we can't get that feedback if users don't feel safe to be honest, so we're taking every available measure to ensure their privacy and anonymity. While we will ask for the customer's name in order to conduct the interview and may get into some topics that involve their background (school they attended, area of the lifecycle they're in, etc.) if a customer doesn't feel comfortable answering a particular question that is asked, they can ask the interviewer to skip the question. . If anything that is shared does happen to be personally identifiable, those details will be erased. Any notes derived from the interviews will also be anonymized (No names, contact info, etc. will be attached to them). Those anonymized notes will also only be shared internally, and will not be published publicly or tracked. In addition, no video of the users themselves will be taken, and if they authorize an audio recording, that audio will be destroyed after anonymized notes have been taken from a transcription." [link] [comments]  |
| Posted: 08 Apr 2019 05:48 PM PDT Did anyone do their IDR recalculation and it went up like crazy? Up 170/ month and I have a dependent. Having a child does nothing for monthly payment? [link] [comments]  |
| Parent PLUS Loans - Divorced Parents Posted: 08 Apr 2019 01:34 PM PDT I've been peering and poking and prodding at this student loan mess for a few weeks now that my daughter has finalized her selection. Unfortunately for her (and myself), my income for a single head of household disqualifies her for any need based assistance. She qualified for the max academic scholarship at the university she will be attending. That brings her costs down to around $23k / year (tuition + on campus). She qualified for the $5.5k unsub stafford loan as well. That had me reeling at the idea of taking out $18k a year in Parent PLUS loans. I've been looking into Private student loans (where I'd cosign) to save on fees and interest, though a lot of threads on here sound like those should be avoided. I have great credit and earn a good income. My ex-wife however, has terrible credit and her income is barely enough to survive on with public assistance. I am the custodial parent (so I did the FAFSA), but I see Parent Plus loans can be taken out by both parents. Which got me thinking... should I have my ex-wife take out the Parent Plus loans (and likely get denied) thus qualifying my daughter for the expanded Stafford Unsub loan limit of $9.5k? That would keep as much of her debt at the lower federal rate. On the flip side, if the ex-wife does get approved... with her income being so abyssmal, I'm thinking it would be more helpful with repayment. The idea isn't to screw over the ex in anyway (divorced, but no animosity)... but to minimize as much as possible what my daughter (with my help) will need to pay back. I don't expect my ex to pay any of it back. Am I on the right path? Thank you! [link] [comments]  |
| Graduating in a month with $140K in student loan debt. Looking for reassurance/advice. Posted: 08 Apr 2019 04:56 AM PDT |
| Posted: 08 Apr 2019 09:57 AM PDT I am in a strange situation. Although I no longer live or speak to my parents I am still registered as a dependant on FAFSA. Because of this, I am having trouble paying an extra balance on my account. It is currently under a hold so I can't sign up for classes. Would it be smarter to take out an outside loan to pay it off? Or should I put it on a credit card? I will have enough to pay for it within six months also! [link] [comments]  |
| Posted: 08 Apr 2019 08:06 AM PDT So I just got accepted to a university in Education City Qatar. My family can't support my college education, but the Qatar Foundation (which is affiliated to the University I got into) offers interest free loans to help me pay for college. As a confused 18 years old, I really need some advice right now. (I should also mention that Qatar Foundation offers different ways by which I can pay my loan. Usually, students are given two choices, either get a job in one of the companies listed by Qatar Foundation and work for them for a period of 1-6 years, or get a job elsewhere and pay 15% of my income until I pay back what I owe.) [link] [comments]  |
| Maxed credit cards, can I transfer debt to student loan? Posted: 08 Apr 2019 07:23 AM PDT Hello, to start off I know I haven't made the best decisions and I appreciate the help. I have 3 credit cards, all of which are maxed out totaling $3500. Other than that I have great credit, never missed a payment and have long credit history for a college student. Since my utilization is so high, my credit score sucks, therefore I shouldn't be able to get a loan. But isn't there something where I can apply for a student loan or debt consolidation or something like that were basically I transfer my 3500 in credit card debt to being 3500 in private student loans? It is pointless to pay 22% interest on a credit card, when I can pay <10% on a private student loan. My credit score is bad because of the credit utilization, will that hurt my chances of getting a private student loan even though my credit would be amazing if the 3500 was in a student loan? Will having bad credit hurt my chances of getting a student loan, even though if I got the student loan and transferred debt my credit would be amazing? Thanks again for helping/reading [link] [comments]  |
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