Just made my final student loan payment! Student Loans |
- Just made my final student loan payment!
- Finally Paid Off
- REPAYE vs PAYE
- How much student loans did you take out and how much are you currently paying back?
- Advice: Keep PSLF at lower paying job or leave for higher paying job in private sector
- Disabled Vet and IBR Application Questions
- Does anyone have any experience with MPOWER loans?
- Thoughts on taking out a summer federal subsidized loan?
- What if I don't disclose that I got a pay raise on my IDR application?
- Tried to pay multiple times on Navient page, kept getting errors. Then find out that there is a maintenance that they tweeted about.
- Graduate Fellowship Deferment Request question
- How do you refinance your student loans? Advice on living abroad with student loans?
- Questions about Loan Status and Public Service Loan Forgiveness
- Grace Period Ending, Where To Start
- Student Loans- best banks
- Need Help
- General question
- What am I missing on my refinance
- Returning to college for a second degree (RN-BSN). What are my options?
| Just made my final student loan payment! Posted: 08 Jun 2019 12:58 PM PDT Not an exorbitant amount (started with 24k). But like a lot of people I was only making the minimums. Then I saw a video about compounding interest—you'd imagine an adult would know more about that sort of thing, but I didn't—and realized if I kept with the typical ten year repayment schedule I'd end up paying almost another third of the loan in just interest. It was a sacrifice to get here, but I'm free of student loans forever. [link] [comments]  |
| Posted: 08 Jun 2019 06:42 PM PDT Made a lump sum payment today, $12k. I started out with $50k starting in 2002. 4 years of private college, so not too bad. Payment was $390 a month so good to have that freed up again. Ugh, finally. [link] [comments]  |
| Posted: 08 Jun 2019 08:23 PM PDT So I am currently in REPAYE and have been for the last year or so. I am getting married in August. I have quite a lot in loans and she has 0. How soon do I need to change to PAYE? [link] [comments]  |
| How much student loans did you take out and how much are you currently paying back? Posted: 08 Jun 2019 05:54 AM PDT |
| Advice: Keep PSLF at lower paying job or leave for higher paying job in private sector Posted: 08 Jun 2019 12:17 PM PDT So I graduated in December 2015 with a bachelor's in Computer Science. I found a developer job at a non profit out of college and been there since I graduated. I've been in the PSLF for about 3 years and wonder if I should leave for a higher paying job or if I should stay because of the PSLF program. Student Loan are at 66k with 6.11% interest would need to increase my payments of $202 to at least cover interest. Money is kinda tight with a house and other expenses so the increase in salary is need to do anything about my loans. My income is about 50k now and my salary hasn't changed since I've been there. My raise in July 1 will be 66k and I might get another raise in the next couple of months with offers from other companies to comp my salary which would put me at 75k-85k but this in not promised and I could be told to walk. At a private company I could make 85k-100k with my skill set but I would need to increase what I'm paying for student loans and would have to pay the 65k in full. In summary should I stay and hope for the $75k-85k and keep the PSLF at a job I love or should I go and get the money 85k -100k in the unknown and pay my student loans in full and throw away the 3 years in the program. Edit: I wanted to say that I'm in open talks with my management about my salary and my plans and they are fully on board with my staying and making money money or leaving for another opportunity. They would want me to stay are in in active conversations about my salary with HR and the offers only help my case. Any advice would be helpful just kinda torn at the moment. [link] [comments]  |
| Disabled Vet and IBR Application Questions Posted: 08 Jun 2019 06:42 PM PDT I am a disabled vet (60% rating) and survive solely off my disability atm. I live overseas where the cost of living is quite low but I'm definitely not in the position to make payments. My plan was to apply for IBR before my grace period ends at the end of November. I have a few questions that I was hoping to get answers to as I haven't seen many posts specifically related to my situation. My loaner is Great Lakes, btw.
Hopefully, I do not aim to remain in this position for very long. Maybe a year or two max while I study the local language in order to get a better paying job. Thanks in advance to anyone who can offer information and assistance, not only to me but the many others I have seen here. [link] [comments]  |
| Does anyone have any experience with MPOWER loans? Posted: 08 Jun 2019 12:13 PM PDT If you have any general advice and any red flags that I should be wary of please let me know, this is my first time taking out a student loan. I am an international student in my undergrad so my options are very limited, I will also be going for the maximum loan amount: This is the information that they have given me: Minimum loan amount: $2,001 Maximum loan amount: $50,000 (up to $25,000 per academic term*) Interest rate: 13.99% (14.98% APR) - Automatic payment sign-up discount - 0.50% - 6 on-time payments discount with automatic payments: - 0.50% - Graduation/employment discount: - 0.50% Fixed interest rate after discounts: 12.49% (13.63% APR)
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| Thoughts on taking out a summer federal subsidized loan? Posted: 08 Jun 2019 05:36 PM PDT This might be a counterproductive idea but the risk is fairly minimal because it's a small amount of money. I'm being offered a $1,433 subsidized federal direct loan for the summer that I am really thinking about activating. I believe the interest rate is 4.5%-ish so really, there isn't much I'm losing on already such a small amount of money. The only kicker is....I have about $8k in savings. I do not currently have a job. Been looking, can't find one. Been unemployed for a month and a half but I do have a campus job lined up in the Fall (minimum wage). So yes I know I have money, but I'd also like to not burn through it with living expenses (I'm in California so gas is insane for one) and I'm tired of turning friends down when they ask if I want to go get food or go to the fair or something. And what little money I will make in the fall on my 10 hour a week $12/hr job isn't going to "make up" for my summer by any means. So in that regard, taking out this loan makes sense. BUT I am planning to graduate Summer 2020. I don't want to feel like "yay here's my money, never mind gotta give it back" like right away. So I'm wondering if it would be counterproductive in that regard? [link] [comments]  |
| What if I don't disclose that I got a pay raise on my IDR application? Posted: 08 Jun 2019 01:12 PM PDT Just curious what would happen if I forgot to add my $10k raise in my IBR plan application this year. I've been on the plan for 2 years now and this is my first time receiving a substantial raise. It happened in December of 2018. Will there be an issue if I forget to disclose that on my application? I figure they could check it against my income tax filing but I'm not entirely sure. Kind of worried that my payments will increase substantially. I have private loans as well and between those and the IBR I'm somewhat around putting 10% of my income towards loans. I guess I could always refinance the private loans if my payment increases on my federal IBR payment. That way I could try and keep it at the same amount per month. Any insight would be appreciated! Edit: IBR not IDR [link] [comments]  |
| Posted: 08 Jun 2019 04:25 PM PDT I am not sure if this the correct place to ask, but what will happen to all those payment tried? Would they go through or would they just error out like I never tried in the first place? Because if they all go through then I am going to be in a bit of a pickle. [link] [comments]  |
| Graduate Fellowship Deferment Request question Posted: 08 Jun 2019 03:03 PM PDT I just graduated undergrad (5k in loans), and I am going to law school this fall. Do I need to fill out this form, or does my loan servicer know I won't be making payments? [link] [comments]  |
| How do you refinance your student loans? Advice on living abroad with student loans? Posted: 08 Jun 2019 07:16 AM PDT I am currently in a master's program outside of the US, and intend to reside outside of the US after graduating. I have one year left of my master's program, but I am beginning to look to the impending debt that will hit me in 18 months. I have a mixture of private (Sallie Mae) and federal loans from both my bachelor's studies and my master's studies.
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| Questions about Loan Status and Public Service Loan Forgiveness Posted: 08 Jun 2019 08:52 AM PDT I just graduated from my program last month, and all of my loans (PLUS Graduate and unsubsidized) are under Great Lakes. They have my payments scheduled to start December 2020. Shouldn't my repayment start in December 2019? I am looking to sign up for an IBR plan and utilize public service forgiveness because I just started working for an eligible employer. I'm at a loss as to what I should do here. Should I take advantage of the fact that my repayment is a year and half away, or should I try and start paying towards IBR/Public service as soon as possible? Another caveat, but if the public service forgiveness program gets removed within the next 10 or so years, would people who are utilizing it be grandfathered in until they're able to complete the 120 payments? [link] [comments]  |
| Grace Period Ending, Where To Start Posted: 08 Jun 2019 12:13 PM PDT My biggest confusion as I approach repayment is what loans to start paying off first. So I have a total of 13 loans (10 are federal loans, 3 are private loans through Citizens Bank). So my private loans have a principal balance of $10,125 ($5k @ 9.24%, $3.5K @ 9.74%, and $1.7k @ 8.88%). My federal loans have a principal balance of $27k. There are a total of 10, ranging from 3.76% interest to 5.05% interest. The principal balance of these loans range from $332 (5.05%) to $6.6k (4.45%). I would like to put $500 a month towards my student loans. My question is, how do I disperse this money between the federal and private loans? In terms of the federal loans, is it smart to pay the ones with the highest principal balance off first or the ones with the highest interest rates first? Is refinancing the private loans a good idea if I have decent credit? (687, which I could increase by lowering my revolving utilization over a few week span). I am assuming I have to make payments towards both the private and federal loans every month, so is it smart to put more money towards the private loans every month rather than the federal loans, sense the private ones have a higher interest? Sorry if this seems a bit scattered, but I feel a bit lost on where to even start. Any advice is appreciated. Thanks you! [link] [comments]  |
| Posted: 08 Jun 2019 09:06 AM PDT Looking to take out $50,000 for an accelerated BSN program. What loan groups are best? (Wells Fargo, citizen one, etc.) [link] [comments]  |
| Posted: 08 Jun 2019 04:27 AM PDT I'm in a complicated situation. Basically, I am attending school over the summer. I'm taking 4 classes, 3 at a local community college and 1 at my home University. I do not have money so I'm taking out a loan, however I can't use federal aid through my community college because I am not in an actual program and am considered "self-study." That being said I am in a consort agree with my home University where they collect the aid I need and send it to my community college. I have been trying to get everything for it figured out for about 2 months now, but I've hit a big roadblock. I can't take out a parent plus loan because my parents are also going through college and have maxed out their ability to take out loans. I, however, also cant take out loans (even private) it seems because I'm a undergraduate student (I've tried Sallie Mae and Wells Fargo.) I have to have a loan in order to continue going to school, are there any other options? Thanks. [link] [comments]  |
| Posted: 08 Jun 2019 06:59 AM PDT Is the interest on your student loan debt compounding interest? [link] [comments]  |
| What am I missing on my refinance Posted: 08 Jun 2019 06:02 AM PDT I refinanced my loans two weeks ago and it just processed this morning. Long story short I was on IBR for years with interest accruing on my student loans (while in residency). My loans were up to 160k with a lot of interest ready to capitalize this fall when I graduated. I've been able to pay off all the accrued interest and had my balance at 131k before I got an offer I though was worth refinancing to with CitizenOne. I put in all the paperwork and they said my new loan amount would be for 134k. I thought that odd because my principal was only 131k and there was no way daily accrued interest was going to add another 3k before the paperwork processed so I called. They said they just overestimate so they don't have any issues paying off the loan but then it will correct to whatever the actual payoff was. Seemed like a reasonable explanation so I went through with the refinance. Well in the two weeks between me signing the loans and processing I had another autopay come out so my principal was sitting at 129k. Today I get the email from Navient that they were paid off for 134k. Of that about $500 was interest and the rest principal. My new loan is on CitizenOnes website for the 134k. Of course they are closed but I can't wrap my head around the math here. Why was my payoff so much more than my principal when the accrued interest was so little? [link] [comments]  |
| Returning to college for a second degree (RN-BSN). What are my options? Posted: 08 Jun 2019 05:58 AM PDT I recently got into nursing school at a very nice, and very expensive school. It is nursing so I feel comfortable taking out loans because I will be able to come out making good money and will always have great job opportunities. My only issue is I've done my four years of undergrad already so I don't know that I can go through fafsa again. My question now though is what is my best course of action to go with? I would likely need to move, pay for tuition and my work time would be pretty limited as to only pay for essentials (food, car insurance, cell phone plan) Has anyone dealt with something similar? [link] [comments]  |
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