School cut my aid package and need advice Student Loans |
- School cut my aid package and need advice
- Refinance Federal Student Loans?
- Returned to the US, need advice.
- What is a student loan?
- Federal Pell Grant (how do I apply)
- Should I Use Most of My Savings to Pay off My Debt?
- I transferred schools a couple months ago and now I've received an email saying my loans grace period ends soon. Is there a way to fix this?
- Where can I find a list of 501(c)3 eligible hospitals?
- Just found out I owe my school $2,700
- How to approach S/O's student loans?
- advice
- In Default - How To Proceed?
- Grad school loans?
- IBR & 2nd job Question
- Thinking about refinancing - do you think rates will go up or down in the next few months?
- Student Loan Forgiveness Question
- IBR and Family Size
| School cut my aid package and need advice Posted: 29 May 2019 06:11 PM PDT Hi so I'm going to keep this as short and simple as I can. Couldn't think of a better place to post than here since it regards school financial aid. I transferred to my school last year as a 2nd year. I'm going into my 3rd year now. Last year the school gave me enough money to cover the cost of tuition and then some. Now they've cut my aid by 16k compared to last year. Any advice on how to fight it, strategies and tactics? What options are there for potential (no private) loans if I need them? Any word of comfort also? I'm very stressed out right now [link] [comments]  |
| Refinance Federal Student Loans? Posted: 29 May 2019 06:27 PM PDT My wife currently has about 20k remaining of her federal loans through Mohela. From what I can tell she's on a graduated repayment plan and when I last called their support for more information I was told it was estimated to be repaid by 2029 at its current rate. It's a fixed rate of 5.625%. I applied for a private loan through LendKey and she was approved for a 5 year fixed rate at 3.65%, her credit is very good. We're in our early 30s, this is the remainder of our debt other than our house and one car. I'm stuck on whether I should refinance it or contribute more to our retirement. We each save around 8% in our respective retirements with a additional 4% from both employers match. Any suggestions? [link] [comments]  |
| Returned to the US, need advice. Posted: 29 May 2019 04:51 PM PDT I've recently returned to the US after some time working abroad and I'm going to reach a point soon where I will make a reasonable salary and can at least attempt to get my life in order. I've accrued just over 100 grand in loans and a small portion of it is private, which I have kept up with. My credit has already been hurt badly but I'd like to start repairing the damage if that's possible and get back on track. I've made tons of financial mistakes, but I want to try to make it right as I'm pretty sure that I won't be able to escape this mountain of debt. I've taken a look at my credit report and I can see that my loans have been transferred or sold to some collections agency. The reason I've been trying to get information is that I got a call from a number I didn't recognize asking me for the last 4 of my social or birth date and when I asked what it was in regards to, she was VERY evasive about answering and said it was a "business opportunity". I refused to tell them anything because she wouldn't give me more information than that and she hung up. It occurred to me that I have no real information about who I owe money to and who might be trying to scam me. Where should I start? I'm quite new to all this and I'd like to get into rehabilitation. I understand that it may be people's instincts to try to scold me but I've already heard it a million times over. Please try to help if you have any advice about what to do with what I see on my credit report. Thank you in advance for anything you guys can recommend. [link] [comments]  |
| Posted: 29 May 2019 11:33 PM PDT Hello all, I am going to start graduate school in September and it is going to cost me a bit lol! This is the first time I am going to take out loans for school, and I am just in need of help. 1) Would anyone like to explain the differences in student loans from federal and private loans? 2) How do I apply to the different loan places? 3) where do I even have to go to apply? 4) do I need good credit? 5) in your opinion what is the best student loan to take out? Thank you all again for the help! [link] [comments]  |
| Federal Pell Grant (how do I apply) Posted: 29 May 2019 01:14 PM PDT I submitted my FAFSA and was wondering how I apply for the federal Pell grant. Since I submitted my FAFSA, do I fill out a separate application for it? [link] [comments]  |
| Should I Use Most of My Savings to Pay off My Debt? Posted: 29 May 2019 12:47 PM PDT First time poster on this sub. I have about $30k left on my $35k loan for a Master's degree, and I'm paying $500/month. If I continue at this rate, I'll be finished in 6 years and pay about $7000 in interest. I could use most of my personal savings to pay off the entire balance... BUT that would leave me with pretty much nothing left. Of course, with my debt paid off, I can put that $500/month into savings, and I will save $7000 on interest, in the long run. Should I do it? [link] [comments]  |
| Posted: 29 May 2019 04:28 PM PDT I thought I didn't have to payback a loan until I graduate, which makes sense since my income is still so low. Is there a way to alert them that I've transferred so I don't have to pay it yet? It feels like switching schools shouldn't affect a loans grace period [link] [comments]  |
| Where can I find a list of 501(c)3 eligible hospitals? Posted: 29 May 2019 09:01 AM PDT Looking to apply for PSLF soon, was wondering if my hospital was eligible. Anyone know where I can find a list? [link] [comments]  |
| Just found out I owe my school $2,700 Posted: 29 May 2019 10:55 AM PDT i did my first semester of fall 2018 at a university in florida and owe them $2,700 with no deadline and if its not paid in a "timely manner" i go to collections and owe even more.... the 2nd semester i came back because it was too expensive and finished my general studies degree at my old 2 year community college... what should I do now besides obviously working to pay off that debt? I cant transfer to my local 4 year cause they wont release my transcripts. If I can't pay it back in time to go to my new school, should I start a new degree at my current cc? Will I even get financial aid? [link] [comments]  |
| How to approach S/O's student loans? Posted: 29 May 2019 07:09 AM PDT Hey guys. I am moving in with my S/O fairly soon. I am starting a new job making $70k a year. My S/O is currently making somewhere between $20k and $25k a year however, she is actively applying for a full time position which would be around $50k. She has $65k outstanding in student loans ($58k principal and $7k interest). That amount is split about half normal, half PLUS loans. Her parents have no intention of helping her with them other than a hundred bucks here and there. I have about $36k in loans and should be able to bring it down a bit more before we move in. I have been heavily warned against helping her pay her student loans before getting married which I agree with however, as it stands, I will be picking up more living expenses due to her income restriction which is more or less helping her with her loans. If we elect normal payment plans on both of them, I will be footing a large amount of the living costs considering we live in a HCOL area and I will not be saving nearly as much as I would like unless she gets one of the full time positions she has been applying for. I am looking at things at a worst case scenario here to plan accordingly. I know that there is the PAYE and REPAYE repayment plans that we could pursue for the non-PLUS loans. We should be able to elect graduated for the PLUS loans which reduce the initial payments. Does anyone have any experience or any advice on what we should do? Thanks [link] [comments]  |
| Posted: 29 May 2019 01:17 PM PDT Hi guys, i'm currently a junior in high school and was wondering, in your opinion, whether its worth it to go to a university and be in a lot of debt after, or if I should just take the cheapest way possible. Would it make a difference? Thanks in advance :) [link] [comments]  |
| Posted: 29 May 2019 12:51 PM PDT Hi all, I took out some student loans a few years back, had some long-lasting medical issues, and lapsed into default. I'm going back to finish my degree now, but when I filled out my FAFSA I was reminded about this loan in default. I called the DoE, they referred me to some subcontractor under Action Financial Services. They learned I'm a disabled veteran, and so they then referred me to Nelnet, ostensibly because Nelnet has some sort of assistance for people with disabilities? Looking for advice on where to go from here...I live on a fixed income and would really love to get this Pell Grant but apparently am ineligible due to default. I basically just want someone to hold my hand so I don't walk off a cliff here, get caught up in a scam or other suboptimal situation. Thanks [link] [comments]  |
| Posted: 29 May 2019 11:21 AM PDT Hello! I am a recent college graduate and I am unsure what to do post-grad. The plan has always been to go to graduate school but the only graduate program I got accepted to is a private school where tuition will be ~$30k a year. It is a two year program, so I will be spending about $60k total. I don't have a lot of money saved up so I will be relying mostly on student loans. My projected salary after grad school is expected to be $45-50k a year. I plan on working and living with my parents to cut down on costs as much as possible, and I anticipate having around $45k in loans by the time I graduate. My question is, does it seem worth it to attend? Or should I wait and try again next year to apply to a state school? I am personally leaning towards going to the private school because I don't want to waste a year and since the state school is far from my parents' home, I will have to pay for housing so the costs will end up being similar. [link] [comments]  |
| Posted: 29 May 2019 11:09 AM PDT So here is the situation... I was the typical young dumbass who thought that charging everything to a credit card was a good idea. Flash forward to the end of my 20's and I am paying a hellacious monthly minimum payment to various cards getting pretty much no where. Honestly, I pay nearly $500 in minimum credit card payments monthly. It takes quite a large chunk out of my primary jobs monthly allowance. Leaving me with hardly any extra money to pay anything off or create a savings. Getting tired of this song and dance, I decided that I would not enter my 30's with any credit card debts. So I did some research and found a 2nd job that is proving to be quite lucrative. In fact, I am going to pay over half of my debt off in the next 6 months. Once the debt has been paid off, I don't intend to keep the second job. It is exhausting and time consuming, but the end result is worth less than a year. The issue that is starting to come to the forefront is my Income Based Repayment plan. I am going to make nearly 12K more this year than I usually would. This is going to make my monthly payments quite pricey. The IBR payment calculator is suggesting that payment to be nearly $500 while now I pay around $250. When my annual review come up, I won't be working two jobs anymore and my income will be about 12K less. To ensure you have all the details, I will note that I work for a qualifying public institute making my payments eligible for the Public Service Loan Forgiveness program. I am a librarian so I will likely always work for an institute that qualifies. Anyways, I guess I am beginning to wonder if I am doing myself more harm in the long run? Should I maybe pull back on my second job? Or do I say eff it and deal with my student loans doubling when the time comes? Or is there an option to discuss the drastic decrease in my annual income with FedLoan Servicing? What are my options? Any advice, suggestions or personal experiences are welcome! I want to get out of debt, but I almost feel like I am shooting myself in the foot with my student loan debt. Please note: I am no longer such a dumbass and have cut out the cards! [link] [comments]  |
| Thinking about refinancing - do you think rates will go up or down in the next few months? Posted: 29 May 2019 10:36 AM PDT I have $48 in federal student loans: - $3,417 at 6.8% - $18,124 at 6.41% - $19,970 at 5.41% - $6,383 at 6.41% I'm paying off the 6.8% as fast as I can and ready to trade the protections of federal loans for a lower interest refinance. Is it a good time to refinance? Should I wait a few months? Morgan Stanley says the economy is on 'recession watch', and early economic indicators aren't looking good.
[link] [comments]  |
| Student Loan Forgiveness Question Posted: 29 May 2019 10:12 AM PDT I am a teacher who has been teaching for 8 years. I taught 4 1/2 years at a Chicago Public School called Laura Ward Elementary School. I have not been able to find out if it was Title 1 or not, but I don't know if that will help me. I have also taught for the past 3 years in Verona Area School District. I was wondering if there are any forgiveness options available to me, or anything that I am missing out on. Thank you! [link] [comments]  |
| Posted: 29 May 2019 06:56 AM PDT I admit this question was asked here three years ago, but I hoped there might be some different answers this time around. In short, the regulations indicate that a child only increases your family size if they receive "more than half their support from the borrower." Now, I'm in what I have to imagine is a common position: I work and my wife works, and we share a bank account. So how the heck do I show that I'm providing more than half the support? I make (slightly) more -- is that enough? Seems weird. Thanks for the help! [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