For those who have graduated, how much were your loans? First salary? Current salary? Student Loans |
- For those who have graduated, how much were your loans? First salary? Current salary?
- Loan calculator assistance
- Which loan should I pay off next?
- Overseas income assessment (student finance)
- Grad plus loan
- Deferring parent loans for one student while originating loans for a different student
- Help getting school loan
- Is NSLDS up to date?
- [HELP] Getting started with loans
| For those who have graduated, how much were your loans? First salary? Current salary? Posted: 16 Jun 2019 11:49 AM PDT Trying to get a better idea about the situations of myself and others and this subreddit/community as a whole. [link] [comments]  |
| Posted: 16 Jun 2019 09:52 PM PDT I'm having a bit of trouble reconciling a loan approval with loan calculators online. I recently got approved for about 4800 and the lender gave me an amount of additional 4500 in Total finance charges. This is a 15 year 6.7% rate. When I enter the 4800 in a calculator I find online, I only get about 2800 in finance charges. Can someone here help me confirm which is accurate? I'm trying to reconcile so I can see th breakdown of interest charge, since I don't plan to take m 15 years to pay it off. [link] [comments]  |
| Which loan should I pay off next? Posted: 16 Jun 2019 01:20 PM PDT Hi everyone! I graduated last year and have been cutting down my loans as fast as possible. I started with 9 loans, one Perkins for $2000 with ECSI which I paid off before any interest accrued because they suck, and $30k in 8 loans with FedLoanServicing. I've gotten my monthly payment from $300 ish down to $155 I think. When I feel I have enough in my bank account I've been paying off a higher interest $2000 loan here or there, and I'm now down to 3 loans!
My question is really simple. Which loan should I target next? On one hand I can save up more to pay off #3 quicker, but #1 has a higher interest rate. Or should I make about half a payment to #1 to cut it down to size, and the other half later? If you need to know, I bring home about $2200 a month, and I am living very frugally. Thanks for any help! [link] [comments]  |
| Overseas income assessment (student finance) Posted: 16 Jun 2019 09:17 PM PDT Due to the turmoil that is the UK, I have left. I have moved to China. I initially got a pretty poor job just to get my foot in the door and this wasn't enough to meet SFs 11365 pound threshold for China. Now though, after 1 year living here, I've gotten a much better job and will be earning a pretty hefty salary. I was thinking that student finance are just going to love this and I'm left wondering what exactly the point is... The amount I'd have to pay back on this salary is ridiculous. It's nearly 20% of my entire monthly income. The other thing to factor in is that, although China as a whole is pretty cheap, the big cities actually aren't. Some of Beijing is comparable to or more expensive than London. All in all, the cost of living is basically the same in Beijing, Shanghai and Guangzhou as it is in the UK. So I don't really find it fair to be paying inflated student loan fees when my Beijing flat is going to cost about the same as a London flat. There's also other things like only getting half pay during holidays which i don't really know how to factor in or if my work decide to give me an accomodation bursary which won't be decided well after I would have already updated SF. But the most important thing is actually paying... China is very protective over money that goes out of China. You can't just send money home, China won't let you. The only people who can send money out of the country are "reputable citizens". So no foreigners at all can send money out legally. The only people who can are CEOs or heads of organisations. You need some kind of permit and even they will have tax laundering checks that last about 6 weeks. So how exactly would I even pay the fees? My UK bank account would sustain me for about 7months and I can't top it up from here. Lastly, I've met probably about 100 UK citizens living in beijing. A foreign expert position here requires a degree so every foreigner here will have student debt, but I do not know 1 person who is actually paying anything to student finance. Most people aren't even aware that the overseas income assessment form exists when I tell them about it. So with all things considered, I just don't really see why I should bother. The monthly penalty fee for not updating your situation is less than half the fee I'd pay if I did. [link] [comments]  |
| Posted: 16 Jun 2019 06:33 PM PDT I'm going to begin my master's degree at Syracuse in a month for the PR program. I need help understanding the grad plus loan! For simplicity reason I will tell you my summer session is payed already and I only need to worry about fall and spring semester. Each semester is about $20,000 and I receive about $10,000 as an subsidized federal loan that goes directly to the school (all I have to do is approve it each time). My quetion is; for the extra $10,000 I plan to use a federal unsub loan but I dont know when to take the money out. Should I take out the whole lump sum of $20,00 so I have $10,000 for each semester, or apply for 2 seperate $10,000 loans before each semester. I didn't know how the interest works (7.6% fixed rate for all grad plus loans this year). If anyone has any extra advice, tips, or guidance that would be greatly appreciated! [link] [comments]  |
| Deferring parent loans for one student while originating loans for a different student Posted: 16 Jun 2019 04:17 AM PDT Hi guys, a bit of a convoluted situation here, but I'm hoping one of you can give me advice: I'm 5 years out of my B.S. My parents took out ~95k in parent loans for that, and when I graduated, we agreed that I would pay the first 5 years and my parents would take over after that. Well, I have paid for 5 years and, under the assumption that I was done with that 1200/month payment, I applied for grad school and received an offer for a fully-funded PhD. I recently spoke to my parents and apparently they're not in a great spot financially at the moment, and I feel really guilty about sticking them with the payment with that knowledge, so I was like "hey, you can defer the loans while I'm in school and I'll pay them when I'm done". However, I have a much-younger sister who is just starting out as an undergrad, and my dad told me that if he is in deferment for the loans he took out for me, he wouldn't be able to get loans for my sister. Is this true? Do we have any options? [link] [comments]  |
| Posted: 16 Jun 2019 02:29 AM PDT I am looking for any help with getting a $50,000 school loan. I am just lost with the amount of info online. I already have federal loans but need more money for schooling. Best loan company and/or is getting a loan that big even possible? Any help is appreciated! [link] [comments]  |
| Posted: 16 Jun 2019 06:40 AM PDT I paid off one of my loans on Navient recently but on NSLDS it still has an outstanding principal plus interest. Does it take time to update the NSLDS website? Thank you. [link] [comments]  |
| [HELP] Getting started with loans Posted: 16 Jun 2019 10:21 AM PDT I'm sure this has been asked multiple times, and I have been actively reading a lot of posts but just need it to be clarified to me individually. Situation: -my parents college fund for me as well as grants/scholarships from my school covered my first year of college. -I am now responsible for paying for the final 3 years. -I have accepted all federal student loans offered to me, but still have come up short. My questions: -what are some of the best private loan companies? -how long will it take to hear back from these companies? -I don't have any credit history, will I get denied from these loans? I'm going to school for a high post-grad placement major, with good pay, and shouldn't have problems paying off my debt. It will cost me roughly ~15k per year to complete my 4 year degree. Any help/advice is appreciated, I'm sorry if I'm not very knowledgeable I'm very very new to all this. [link] [comments]  |
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