Please help Student Loans |
- Please help
- FedLoan and PSLF question
- After I paid a loan in full, FedLoan reamortized my other loans
- Greatlakes has my loans in deferment until 2020/2021 but I graduate in two weeks
- Rehabilitation Program FMS shut down!?
- FASFA and loan questions. Father of a new student- I'm completely lost
- I have two different kinds of loans
- Wife makes more than me
- Second thoughts on master's degree?
- Question about PPLs and IBR
- I’m in panic mode. Advice, please?
| Posted: 29 Apr 2019 04:40 PM PDT I need some serious advice and help. I'm terrified and dont know what to do. I decided to go out of state to a school that had a lot of resources for pre-med by them and bit the bullet on the 45k roughly. I got only 15,500 in federal so the rest is private. I got my Dad to cosign for the first loan from SallieMae at 30k at 10%. My great grandmother was seriously kind enough to give me 15,000 to cover my fall semester sophomore year. I took out another 15,000 for spring at roughly 7%. We did this with the idea of becoming a physician and being able to pay it off. I haven't done well at University finishing off my sophomore year and I am terrified I'm going to have to drop out of pre-med. Currently, my major is Biology. I'm absolutely petrified I'm not going to be able to pay off my loans. Throughout the semester, I'm a constant wreck about financials. Now I dont have a clue what I should do. I dont think I can transfer now for next semester. If I stop going to school, I have to start paying off my loans. I have no way to turn. I need some real serious help. My Dad never finished his bachelors and my Mother couldn't read until she was 25 so theres not much information from there. Please help. I need serious help and I dont know what to do Edit: I'm appreciating all the comments. I'll be a junior next fall [link] [comments]  |
| Posted: 29 Apr 2019 06:24 PM PDT Just transferred my loans to FedLoan to try for PSLF. I should have around 100 qualifying payments. Their initial letter said I have 24. Then a few months later I got a letter saying it is updated to 47. Should I just keep waiting to see if it gets to the 100 number that it should be at or do I need to send them anything to help them to keep looking for the rest of the payments? Will they eventually count all the payments that SHOULD count or have people been screwed on that too? Any help or advice is greatly appreciated. [link] [comments]  |
| After I paid a loan in full, FedLoan reamortized my other loans Posted: 29 Apr 2019 06:52 AM PDT Since I'm on the graduated plan, it "reset" my current 24 month block of payments, resulting in a higher monthly payment than what I had with the loan I just paid off. Does this seem right? What on earth is their reasoning for doing this? Yes, I was current on all my other loans. [link] [comments]  |
| Greatlakes has my loans in deferment until 2020/2021 but I graduate in two weeks Posted: 29 Apr 2019 11:55 AM PDT I dont know why but my graduation date says August 2020. That's actually what it says on my school account as well. I graduate in two weeks. Will greatlakes be notifed? If so, how do I know when I need to make a payment? [link] [comments]  |
| Rehabilitation Program FMS shut down!? Posted: 29 Apr 2019 04:58 PM PDT I've been enrolled in the rehabilitation program for 10 months and I've just completed my last payment. Now for some reason the company is nowhere to be found, there's no way to call them or login to the student loan website. The company was FMS. I still see them on google but I don't see the student loan login area anymore. Also none of the phone numbers that I used to use to contact them work; they all redirect me to some other random "myeddebt" number. Anyone else having trouble getting ahold of FMS? [link] [comments]  |
| FASFA and loan questions. Father of a new student- I'm completely lost Posted: 29 Apr 2019 11:54 AM PDT Our daughter has been accepted at Loyola Chicago. She has received some scholarships but we still need to borrow around $30k for the year. I don't even know where to begin. I'm not even sure what questions to ask or who to ask. I thought the financial aid department would be somewhat more informative. I contacted them but they sent me links to private plus loans and private student loans. They act as though our only option would be private loans. I was expecting to see some information from the FASFA we filled out that would at least detail why we don't qualify for aid and what we do qualify for etc. Someone mentioned that I should check that the information on the FASFA is correct but I don't see how to do that? Everything was imported from the IRS and I don't see any details as far as where we stand. Can no one see any details regarding the FASFA that the school receives and where the cutoffs are for the decisions regarding aid? Is there not a type of loan we can get other than a parent PLUS loan? I was thinking our daughter could get loans in her name that we help pay on? If we get a PLUS loan will it only cover the first year or do the loans cover the entire 4 years and are given out for each semester/year? If it only covers 1 year with no guarantee that we can get the other 3 years then she may not be going anywhere. Sorry, I am horrible at trying to word what I want to ask. I tried searching for other questions but couldn't quite find a similar situation. [link] [comments]  |
| I have two different kinds of loans Posted: 29 Apr 2019 01:27 PM PDT Hi all! I'm on mobile so I apologize if there is any formatting stuff. I'll try to keep this quick. I graduate in May with my bachelors! I have a job lined up that will start in August. I'll be making around 50k a year. I have two main kinds of loans, both are through the federal government (Navient). One is a ParentPlus loan that I will be paying back of $18,000 with $5000 of interest already (we'll call this loan 1) and the other loan is in my name which is $29,000. The second loan is the total from 8 different federal government loans ranging in interest rates of 3.7% to 5.05% and with amounts ranging from $2,200 to $7,600 (we'll call all 8 of them loan 2). The loan that totals 23,000 (loan 1) is an interest rate of around 6.5%. I want to get my debt paid off ASAP, hence why I am moving back home after graduation. I plan on putting a majority of my income to my loans. I was wondering if anyone had any thoughts about my idea. I was planning on taking 500 dollars a month and putting it towards loan 1. And then taking the rest of my income for my loans and putting them towards loan 2. I don't know if I should consolidate them or not to make payments easier. Some of the loans are small enough that I would be able to have them completely payed off in a couple months while others would take me a bit longer. I also don't know if I should consolidate loan 2 and make the larger payments on loan 1 because the interest rate is higher. Obviously when either one of the debts are paid off I'll start making larger payments to which ever one I have left. My goal is two have my debt paid off within 2 years. I'm really sorry if this is confusing. I just want some clarity hopefully. [link] [comments]  |
| Posted: 29 Apr 2019 11:38 AM PDT So my wife makes considerably more money than I do. So much that my payments are over 1k a month. I cant cover the payments with my income, are there any payment plans that will lower my monthly payment without automatically increasing my debt amount? [link] [comments]  |
| Second thoughts on master's degree? Posted: 29 Apr 2019 07:47 AM PDT [Crossposted from r/gradschooladmissions] Hey everyone, I applied to and was accepted into a master's program for the fall of 2019. I received a scholarship and fellowship that altogether will cover 75% of my tuition for the full two years of the program. It's an excellent program that aligns solidly with my career interests and the vast majority of its alumni seem to have done well in their professional lives after graduating (was able to track many of them down through the alumni database/LinkedIn). I'm having second thoughts about accepting because I'm nervous about the amount of loans I will have at the end of graduation. I have a little under 23K from undergrad (graduated in May of 2018, so have only made a few months' payment on it so far) and expect to take on 40K overall for the tuition not covered by scholarship/fellowship and living expenses. After asking around, it seems that having a master's funded to the degree it is is pretty rare in my field (humanities, non-MFA) but the average salary I expect to earn after graduating would be around $55K-60K to start so I'm nervous about taking on what seems like a lot of debt (est. 63-64K inc. undergrad debt) I'm still leaning towards attending but was wondering if the loan amount I will have afterwards should make me give more pause. [link] [comments]  |
| Posted: 29 Apr 2019 08:54 AM PDT Hey /r/StudentLoans, I'm graduating in May and have around 89k in PPL in my mother's name. I'm not planning on refinancing to my name because I don't want to lose federal protections on the loans. Should I consolidate my 4 loans and use an IBR because my mom makes less than me? Does IBR factor in my father's income as well? StudentLoans.gov calculated that I would only have to pay around 27k if I do this. I feel like this seems like it's too good to be true. Is this a plausible idea? Thanks a lot. [link] [comments]  |
| I’m in panic mode. Advice, please? Posted: 29 Apr 2019 02:43 AM PDT I left school last year and have been job hunting ever since. However, my loans are due in July. I just checked— I owe $68k and I don't know how to proceed. My student loan serviced is Nelnet. What should I start doing now? [link] [comments]  |
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