How do you pay off loans early without penalty? Student Loans |
- How do you pay off loans early without penalty?
- While in graduate school who’ll undergrad loans be in grace again?
- Is this a scam?
- AFAF: How will Tenlen (name changed), the servicer of his discharged federal student loans, find out that he has been participating in paid clinical trials, if he doesn't voluntarily report his clinical trial income come reporting time during the 3-year monitoring period?
- Can I take out multiple student loans through different vendors?
- Ability to Recapture or Reallocate Prior Extra Payments for PSLF Consideration
- [SERIOUS] Is it worth taking $5,550/yr of loans?
- Graduate Loan & Assets Question
- Nelnet has my graduation date wrong; not sure how to proceed
- Is PSLF working out for folks?
- Need advice
- PSLF Program - Direct Loans
- Which accrued interest do i pay off first?
- Should I consolidate my loans if I want to pay them off as fast as possible?
- Loan Provider thinks I graduate next year when I've already graduated (May 2020)
- How to search for a loan as an international student?
- If I consolidate federal loans will that affect my eligibility for teacher loan forgiveness?
- PSLF Question - Switching Jobs
- SAP maximum timeframe
- Lower Interest Rate if I delay my summer financial aid
- 10 year repayment plan
| How do you pay off loans early without penalty? Posted: 01 Jun 2019 02:48 AM PDT My loans are government loans on Navient. I was wondering how do you pay it off in one lump sum without any penalties? Thank you. [link] [comments]  | |||||||||||||||
| While in graduate school who’ll undergrad loans be in grace again? Posted: 31 May 2019 06:52 PM PDT Hello all, First time posting here.This fall I will be pursuing my masters degree and I am wondering if my undergrad loans will go back into the grace period. They are federal subsidized Stafford loans adding up to about ~25k. I will be taking out a little bit more through federal direct unsubsidized to cover cost of living if that factors in. Thank you all! Edit: I graduated last December and have a payment due in early August [link] [comments]  | |||||||||||||||
| Posted: 31 May 2019 01:35 PM PDT I got a call today that from someone named Jennifer that I no longer meet the poverty bracket for fafsa and to give her a call back at an Orange County number. No name of the company or the office she worked for. I've been getting calls like this all year from different orange county numbers talking about student loan forgiveness and stuff. Is this a scam? (I'm in southern ca for reference) [link] [comments]  | |||||||||||||||
| Posted: 01 Jun 2019 02:20 AM PDT His federal student loans were over $60,000 and he had them discharged due to his disability. He now works a part-time job and also participates in a paid clinical research study. He's considering potentially not reporting the clinical trial income while he will report his SSI and part-time job income. Will Tenlen (his discharged student loan servicer, name changed) find out? If so, how would they? And if they do find out, what would the consequences be for not reporting the clinical trial income? [link] [comments]  | |||||||||||||||
| Can I take out multiple student loans through different vendors? Posted: 31 May 2019 11:38 PM PDT If I got offered one loan for $7500 from one lender and another loan for $5000 from another lender, can I take out both loans at once to have a total of $12,500? [link] [comments]  | |||||||||||||||
| Ability to Recapture or Reallocate Prior Extra Payments for PSLF Consideration Posted: 31 May 2019 12:47 PM PDT I entered into student loan repayment in December 2008 with approximately $100,000 in loans and have been employed by the federal government since that time. My current monthly payment is $510, which qualifies for PSLF consideration. I still owe $22,500. Early on, I would often make extra payments, sometimes more than double, on my loans. For example, one month, I paid more than $2,000 towards my loans. Recently, MyFedLoan advised me that, even though I have been in repayment for more than 10 years, I only have 105 qualifying payments. During the last decade, there were some months that I did not make a payment because (1) my loans were being transferred to a new processor, (2) due to a government shutdown I made a deferment, and (3) sometimes I had a personal emergency which warranted a deferment. Basically, not withstanding interest, I was told that if I make another 15 payments (a total of $7,650) and stay with the government, my remaining balance ($14,850) would be forgiven under PSLF. Does anyone know of a way which would permit me to reallocate or recharactize my past extra payments to recover from the months that I was in deferment? For example, during the months that I paid more than the aforementioned $510, could that extra amount be retroactively applied to a missed month? FYI: I was told that TEPSLF would be of no use to me because it requires 12 months in an income based plan. For me, the minimum payment under an income based on plan would be $900. So, it makes no sense to make 12 payments of $900 ($10,800) when I will qualify for regular PSLF after making 15 payments of $510 ($7,650). If anyone has any advice, I would greatly appreciate it. Thank you. [link] [comments]  | |||||||||||||||
| [SERIOUS] Is it worth taking $5,550/yr of loans? Posted: 31 May 2019 12:21 PM PDT I'm starting college very soon and I really need help with paying for college. I don't know what I'm doing since I will be literally the very first ever male to go to college in my family. My counselor don't know shit and acts like a jerk from HS. Anyways, my parents can't pay much since EFC is .00 and I agree, they really can't afford me to go to college. We live in section 8 and as you can tell, we can't really afford much. Please tell me how you would accept/decline and I don't have any money saved. I don't want to take out loans, but if comes down to it, I will. I really want to go to college, no matter what! TOTAL : $16,875 awarded Federal Grand : $6,195 Need Based (UNC) : $3,180 Fed. Subsidized Loan : $3,500 Fed. Unsubsidized Loan : $2,000 School Scholarship : $2,000 (reached a "max") COA* : $19,938 est. Tuition: $4,422.00 Required Fees: $2,982.00 Room: $5,516.00 (EVERYONE PAYS FOR FRESHMAN DORMS, smh) Board:$3,748.00 Transportation: $652.00 Miscellaneous: $1,570.00 Books and Supplies: $1,000.00 Loan Fees: $48.00 How am I going to pay about $8,563 dollars off WITHOUT taking out loans? I haven't applied to any other scholarships, etc. PS: I hope to become ICU nurse! [link] [comments]  | |||||||||||||||
| Graduate Loan & Assets Question Posted: 31 May 2019 09:21 PM PDT My friend got accepted to graduate school. She's going to take out student loans. An unsubsidized direct loan. She has assets in her name, stocks, real estate. Will those assets effect her loan amount, approval, interest rate? [link] [comments]  | |||||||||||||||
| Nelnet has my graduation date wrong; not sure how to proceed Posted: 31 May 2019 05:03 AM PDT I graduated college 3 weeks ago, but my Nelnet account says I'm enrolled in school until May 2020. My immediate reaction was to call them and fix it, however my girlfriend told me leave it alone and start making payments on my student loans when I start my job in a month. My initial thoughts are that this seems wrong and that there could potentially legal issues with this. I'm not sure how the mix-up occurred, nor does Nelnet's website give me the option to fix it myself. Any experience with this or any thoughts? All discussion is appreciated and thanks in advance! [link] [comments]  | |||||||||||||||
| Is PSLF working out for folks? Posted: 31 May 2019 07:58 AM PDT Hi Student Loans sub! I used to be an avid reader of this sub about 18 months ago, but after my wife and I paid off the last of her loans I have fallen a bit out of touch. I see a lot of media talking about this widely-reported statistic (paraphrased) "2% of PSLF applicants accepted". For example, I listen to Dave Ramsey's podcast quite a bit and have heard him quote this several times, usually following it up with a deduction that "it isn't happening" and "the servicer will deny you if you missed one little detail in the last 10 years". While I understand the drive to get people to pay off their debts in the vast majority of cases (I'd rather pay considerably more to get out of debt in 18 months than wait 9 years, for example), this seems to me like a vast misrepresentation of the truth and one of several cases where I disagree with his philosophy. To me it seems that the only people applying for PSLF today are ones who were eligible a very long time ago, before the specifics of the program were concretely defined. Are people in general expecting this acceptance rate to dramatically increase in the coming 5-10 years? People today have a vested interest in cataloguing every single public service paycheck they get because for some this program is their only salvation from utter hopelessness. I'm just wondering if folks have thoughts to share. Best wishes to all hoping for PSLF approval, and for the rest of y'all looking at a payoff date, keep working, you will make it!! [link] [comments]  | |||||||||||||||
| Posted: 31 May 2019 12:30 PM PDT In 2010 my father took out a parent PLUS loan and has let it go into default without telling us. The debt was sold to Bass and Associates and I'm currently on hold waiting to talk to someone. I have all of my loans (the ones in my name) consolidated and am doing my best to repay them. I also have private loans through Sallie Mae that I am paying. My parents' tax return was withheld this year, and this is how my mother and I became aware of the defaulted debt. I don't really know what's best to do in this situation, and clearly my parents don't either. Is there a way to consolidate this loan in my name with my other loans? I also can't find a way to view the debt online without calling the collection agency, which I'm attempting to do. I've done my best to keep my credit score in the "fair" region until now, but this threatens to be a death blow to any hope I have of ever surviving student loan debt. Sorry that this is such an unfocused query, I'm feeling very hopeless and uneasy right now. Any advice is appreciated, and if there's anything else I can add to clarify please let me know. Thank you. [link] [comments]  | |||||||||||||||
| Posted: 31 May 2019 06:49 PM PDT Relax....this isn't another basic question about the PSLF program. I received a letter a couple of months ago from Direct Loan Servicing stating that due to a review of my account they have readjusted my qualifying payments. I logged in to MyFedLoan.org to check and indeed I was credited with an extra eight qualifying payments. However, this adjustment was only made on my subsidized loan and not the unsubsidized one. I have called three separate times to notify them of this and they have confirmed that both sides should show this. I've been told they put in a ticket but to this day there still hasn't been an adjustment made. The last couple of phone calls I was on I asked them if they could tell me where they found the discrepancy in my payment history since I was just curious. I was told both times that the eight extra qualifying payments was just given to everyone that is currently in the PSLF program through "the government". They did not cite an actual act of legislation for me to research or anything. I haven't been able to find anything at all either in my research. Can any of you provide any detail? I have a coworker in the program as well and she said she never received any adjustments. [link] [comments]  | |||||||||||||||
| Which accrued interest do i pay off first? Posted: 31 May 2019 12:44 PM PDT I have a few loans and i'm about to finish grad school in 2 weeks. i have some money i've been saving up to pay off my accrued interest before it compounds, but i have some questions!
ex: should i pay off highest amount ($1000+) interest on a 4% rate or should i pay off the accrued interest (in the range of 100's) of various 6-7% loans? thank you!! [link] [comments]  | |||||||||||||||
| Should I consolidate my loans if I want to pay them off as fast as possible? Posted: 31 May 2019 07:51 AM PDT Hi everyone! I know this question has been asked a million times, so I will keep it short. Here is a side by side of my calculated current loans vs my consolidated loans. If my goal when I start working is to pay $400 each month regardless of my mandatory monthly payment, which is the better option for me? (Some extra information to consider: I start work in July, but my first payment is due before then in June, so a lower consolidated monthly payment is beneficial here...I like the idea of 1 single payment that the consolidated provides because I don't want to keep up with multiple, and all of my loans are direct federal.)
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| Loan Provider thinks I graduate next year when I've already graduated (May 2020) Posted: 31 May 2019 02:25 PM PDT I have a loan with mygreatlakes, and they think that I graduate next year in May 2020 when I already graduated this year May 2019. The reason they think this is because I got my BS and MS at the same time in 5 years, but since I got a master's they assumed I went for 6 years (4 for BS and 2 for MS). My question is is should I notify greatlakes of their mistake or should I start making payments when they told me to (in 2020). The reason I ask is that it adds another year because the loan starts accruing interest. There is normally a 6 month period but this would allow for 18 months so I can put more towards it so I can pay it off before the interest accrues. I just want to avoid any potential problems this may occur, like if they found out. Any advice is greatly appreciated. [link] [comments]  | |||||||||||||||
| How to search for a loan as an international student? Posted: 31 May 2019 05:25 PM PDT Hello r/StudentLoans! Asking this for a friend, who wants to pursue a MHA program in the US.
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| If I consolidate federal loans will that affect my eligibility for teacher loan forgiveness? Posted: 31 May 2019 05:09 AM PDT Hello, I qualify for Teacher Loan Forgiveness ($17.5k) on 9 loans that add up to $28k. They include FFEL Stafford subsidized and unsubsidized loans. I have three more years of service before applying but I want to get ready. If I consolidate the loans into a direct federal loan will that affect my eligibility for forgiveness? [link] [comments]  | |||||||||||||||
| PSLF Question - Switching Jobs Posted: 31 May 2019 07:44 AM PDT Hi all! Quick question, I'm switching jobs from one PSLF-eligible employer to another and want to make the transition seamless. Should I head to HR and have them sign a ECF up until my last date of employment and then submit one for my new job? How do I make this process work with minimal interruption? Thanks! [link] [comments]  | |||||||||||||||
| Posted: 31 May 2019 03:01 PM PDT Is it possible to get financial aid if you hit SAP maximum timeframe ? [link] [comments]  | |||||||||||||||
| Lower Interest Rate if I delay my summer financial aid Posted: 31 May 2019 02:11 PM PDT Hi all, I'm going to graduate at the end of summer and all in all I'll have around 17,000 in federal subsidized and unsubsidized loans, plus a big private loan. My loans for summer term come to about 4,000 and I got a letter from my school saying that if I delay their disbursement until July 1st the interest rate goes down from 5.05 to 4.5. Now, this is after my tuition is due. The school said that likely I would not get a late fee if I delay payment. I could also pay with a card and then the total of the loan will disperse to me rather than going to my balance. Obviously this seems like a good idea to me because I think I can hold out money wise, but I'm trying to figure out how much money it will save me in the long run. I'm not that great at calculating interest rates. Can someone help me understand how much help this lower rate gives me? I think that knowledge might help motivate me more. Thanks! [link] [comments]  | |||||||||||||||
| Posted: 31 May 2019 09:32 AM PDT Hello - I graduated college in August of 2009 and started paying back my loans on the 10 year repayment plan beginning in March 2010. I haven't missed a single payment. I'm approaching the 10 year mark in less than a year and one of my loans still has a $5k balance on it and my payment is $128 (has been forever for this loan). Even if that was all principal, that's just over 3 years more of payments. What is the best way to research this and find out what the hell is going on? I can't even remember all of my loan providers over the last 10 years and where I'd find whatever promissory notes or documentation I need. Has anyone experienced this? Maybe my memory is not serving me well and I did a longer term for this one loan, who knows. Thanks. [link] [comments]  |
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