Free at last Student Loans |
- Free at last
- Grad School Loans Paid Off!
- IBR re-certification and Maternity Disability
- New Grad (2nd degree) RN w/ ~150k in student loans, advice for refinancing fed/private loans
- $87,000 in Debt and Rising... No end in sight. What to do?
- What should I do if my cost of attendance for one school year is ~$27,000 and I only have $10k
- Question about the Direct Stafford Loan
- Loans for spring semester
- I'm lost...
- Too much debt or will I be fine?
- Is NES/Navient a legit company?
- Refinancing advice
- Finding loan number on a paid off, closed loan.
- Navient put all my loans in administrative forbearance
- Eligibility question
- I posted this on r/personalfinance and didn't get any response. Maybe some of you guys can help?
- European Masters
- Should I pay them off quickly or go another route?
- My situation’s sticky
- What happens when i go back to school after student loan forgiveness
- Student loan early payment and deferment
- Made three payments in May, now they're marked as pending again?
- Can I apply for a student loan every semester?
- I need to start paying in August
| Posted: 02 Jul 2019 06:50 AM PDT My student loans are officially paid off! Excuse me while I celebrate. [link] [comments]  | ||
| Posted: 02 Jul 2019 08:19 AM PDT Just made a $19,000 payment to pay off my grad school loans. Feels like a chain is off my back, and even though it took a big dent out of our savings, I feel relieved and can celebrate the long holiday weekend! [link] [comments]  | ||
| IBR re-certification and Maternity Disability Posted: 02 Jul 2019 05:54 PM PDT My spouse and i file separately so we can minimize the IBR payment. We have about 16 payments left until the balance is forgiven. We have a child due later this year. I wanted some opinions of how to leverage this to save on the loan payback. 1) Increase in family size for IBR calculation. According to the text of the loan, we can increase the family size calculation now, "as long as [you] anticipate the child being born this year". Properly timed, it sounds like one could get 6-7 months of a discount to the IBR rate before the child is even born just by updating family size in the "my income or family size has changed" field on the loan website. This is about $40-50 a month, as family size impacts the IBR baseline. 2) Income Recertification happens to occur during the disability portion her maternity leave. As we will file separately this year, she is required to use a paystub as proof of income (no more than 90 days old) for recertification. During the recertification period, her income will be 50% for 6 weeks due to the company leave policy. If we use this reduced income to recertify, the loan payment is calculated to drop to $0 for the next 12 months until the following year's recertification. Also according to loan text, payments on disability still qualify for PSLF. So by the time we need to calculate a new monthly payment after the birth, we would have met the requirements for loan forgiveness (120 payments in a non-profit). So what do you all think? Has anyone tried this before? [link] [comments]  | ||
| New Grad (2nd degree) RN w/ ~150k in student loans, advice for refinancing fed/private loans Posted: 02 Jul 2019 03:59 PM PDT So I'm a 26 y.o new grad. nurse from an accelerated BSN program, my previous degree was a BS in Psychology. My loans are currently coming out of their grace period as I prepare to start my first job next week . Feeling a bit overwhelmed/ #triggered as it literally took every ounce out of my soul to make an excel sheet detailing the loans, interest rates, expected monthly payments, and overall total of this ungodly number. Do any of you have similar experience in consolidating/refinancing federal and private loans, if so did you find it helpful to do it all together, refinance one type v.s the other, LITERALLY ANY INSIGHT/ADVICE is appreciated! Please keep it positive, as I know this is a daunting number but being the first from my family to even go to college, experiencing obstacles along the way, and having a roundabout journey to my chosen profession-- hindsight is 20/20 but owning this and working through it in a positive way is my main goal. Private loan details: For my second degree i relied almost entirely on private loans through Discover (exhausted the federal amount in undergrad.) which put me at a total of $94,494.83 for nursing school Specifically: I.] $43,849.07 @ an interest rate of 6.490 (fixed) , minimum payment of $380.65 monthly. II.] $42,374.14 @ an interest rate of 6.240% (fixed), minimum payment of $362.10 monthly. III.] $8,271.62 @ an interest rate of 8.340% (fixed), minimum payment of 80.39 monthly. Federal loan details: These loans are from my 1st degree. I.] $60,846 @ an interest rate of 5% (this number is an average of the various loan interest rates from my subsidized/unsubsidized federal loans), minimum monthly payment of $663. Total: $155, 341.66 Additionally, I have an education award from serving in Americorp for roughly $2865 that I am looking to utilize effectively (counted as taxable income so trying not to get fucked sideways come tax time) for my first installment until I have few solid paychecks. As is, these monthly payments would be $1,486.14... not an option. Like I said, any and all advice/insight/experience is appreciated! [link] [comments]  | ||
| $87,000 in Debt and Rising... No end in sight. What to do? Posted: 02 Jul 2019 02:50 PM PDT Hi there, I'm American doctoral student living in Switzerland with likely 3 more years to go on my studies, if lucky. The studies are completely unfunded and I work a job on the side to finance myself. However I am legal poverty level and have no savings, and my paycheck barely covers my monthly expenses. These loans from the US government used to be $65,000 in 2015. It terrifies me that they're growing so quckily. What can I do? Am I completely screwed? If I one day have children and then die, have I destroyed my children's finances? Is my debt considered abnormally high?? Edit: In case anyone is wondering, Im an Egyptologist and in 2015 I took out a student fed loan of $5,000 for an excavation in Cyprus, and then an additional $60,000 (again, a student fed loan, this time the graduate plus) to complete a one years master degree in London. These loans have been haunting me ever since. [link] [comments]  | ||
| What should I do if my cost of attendance for one school year is ~$27,000 and I only have $10k Posted: 02 Jul 2019 07:22 PM PDT I'm an upcoming freshman at UT Arlington and I have no idea what to do with my life. So much stress all just because I don't have the money to go to my ideal school. I have orientation coming up soon and idk if I can take our loans somewhere or not. Any advice for student loans here is would be appreciated. [link] [comments]  | ||
| Question about the Direct Stafford Loan Posted: 02 Jul 2019 10:09 PM PDT I just got my financial aid award letter and I was awarded the Pell Grant and a subsidized direct loan and an un-subsidized direct loan. I know with the subsidized loan you don't have to pay that back until you're done with school right? Well what I'm wondering is if I'm going to a community college to get my associates first and planning on transferring to a four year for my bachelors, would I have to start paying on the loan once I'm finished with community college or is it after I'm completely done with my bachelors? [link] [comments]  | ||
| Posted: 02 Jul 2019 08:22 PM PDT Made a post a week ago about paying out of pocket for this year but if I do get overwhelmed with working and going to classes at the same time and trying to pay the monthly bill, is it too late to apply for a loan just for the spring semester (thinking around November) and the bill is due December 1st for my school. Does it depend what provider I take it from? My loan for my first year was from MEFA. [link] [comments]  | ||
| Posted: 02 Jul 2019 02:05 PM PDT I am 25 and started taking classes spring semester 2019. I am going to get my bachelor's in nursing and then maybe eventually become a physician's assistant. I am working full-time and I'm not able to afford school and my bills so I'm finally going to be taking the plunge into getting student loan. I have no clue where to start... Any advice? [link] [comments]  | ||
| Too much debt or will I be fine? Posted: 02 Jul 2019 06:33 PM PDT I literally had no idea on how to title this. Is ending undergrad with $30k in federal student loans too much? I plan to go to grad school in Europe where the program is only 1 year and 1/4 of the cost than in the U.S. From universities and programs I researched I would end up paying around $15k (give or take) for my masters. I have the option of finishing my bachelors in state which I would end up with roughly $25k in undergrad loans. Does $5k really make a difference in the long run? My undergrad degree will be in Political Science and my masters degree will be in Foreign Policy. [link] [comments]  | ||
| Is NES/Navient a legit company? Posted: 02 Jul 2019 06:18 PM PDT I've been paying NES/Navient since February of this year. Now I'm enrolled in college again but financial aid won't be released because I'm in default status. Seems like I should be out of default status by now. I guess the real question is who the hell am I sending money to? Any insight is welcome [link] [comments]  | ||
| Posted: 02 Jul 2019 04:30 PM PDT I'm looking into lenders for refinancing my private loans (~$48k). Is there any advice that those who have done this can offer? Any lenders to be wary of? [link] [comments]  | ||
| Finding loan number on a paid off, closed loan. Posted: 02 Jul 2019 04:25 PM PDT Hello, My wife is trying to find her loan number for some paperwork, however, her loan has been paid in full and closed. Is there anyway to obtain that number still? Thank you! [link] [comments]  | ||
| Navient put all my loans in administrative forbearance Posted: 02 Jul 2019 12:05 PM PDT Hi, So, I've been steadily paying off my private loans with Navient. They are all from undergrad except for one that was a bar study loan. I've paid off the bar study loan (5.5k at 12%) and the other loan with the highest interest rate and balance (2.5K @7.5), leaving me with ~5K balance. I logged in today and saw that they put all three of my remaining loans in administrative forbearance without notice or reason. I'm still going to pay them, but wth? Has this happened to anyone else? [link] [comments]  | ||
| Posted: 02 Jul 2019 11:58 AM PDT Hey all, I'm a 26 year old bachelor's degree holder who is beginning an associates in nursing this fall. I filled out FAFSA and was told I don't qualify for a pell Grant due to already holding my bachelor's. Does this mean I am completely ineligible for all federal aid? Are private loans my only option? I absolutely cannot cover the tuition on my own and have no scholarships. [link] [comments]  | ||
| I posted this on r/personalfinance and didn't get any response. Maybe some of you guys can help? Posted: 02 Jul 2019 02:14 PM PDT
 | ||
| Posted: 02 Jul 2019 02:10 PM PDT Hello all, I've had some trouble finding much info on the process to get a student loan for a Master's program in Europe. I only took out Federal loans as an undergrad so I'm a little new to the private space. If anyone has applied for student loans to do a Master's in Europe, or has any insight on the process, I'd love to hear more! [link] [comments]  | ||
| Should I pay them off quickly or go another route? Posted: 02 Jul 2019 06:13 AM PDT I have 170k in student loans, all federal, interest varies from 2-7%. I just got out of school so my loans are still in the grace period. I was also just hired by the government. My first year, I'm making 62k. The year after, it's about a 12k increase, then 2-3k increase almost every year from there out. My husband has no student loans but he doesnt live in the US right now so we dont really share expenses but he will contribute some of his cash to paying off my loans each month. We devised a plan to pay the loans off in about 2 years. He will be in the US early next year and his projected salary in anywhere between 80 and 120k. Is there any downfall to just throwing all of our extra cash at the loans? Is it smarter to apply for PSLF? Also - should I just stay with the standard payment (1900 per month) or change this plan to another lower monthly bill just in case something extreme happens? [link] [comments]  | ||
| Posted: 02 Jul 2019 05:31 AM PDT When I started my new college they paid for about half of my tuition and the rest I took up some loans for. One from Discover specifically for about 25k. My semester ended and I blazed through it pretty well for such a tough school. But I accrued some extra bills while there and my credit swan dived to the point that I needed a cosigner. Surprise surprise poor immigrants don't know many other people outside of other poor immigrants; so no cosigner's for this dude. Has anyone experience with private loans for people around 620 credit with no cosigner? I would hate to get caught in the catch 22 of no degree but has to pay back student loan. As well, are there any viable solutions you can think of? [link] [comments]  | ||
| What happens when i go back to school after student loan forgiveness Posted: 02 Jul 2019 12:40 PM PDT So i went to college(community college) from August of 2013 to the beginning of 2014. I got student loans while i was there. But when i graduated from high school easter seals swore they would pay for me to go to school since i was in special ed. Signed papers and everything. Anyways i still ended up having to get student loans they never payed a dime plus they never got me help for my school work. So fast forward. I dropped out. A couple years later i got my student loans forgiven after i got my disability check. Now im honestly tired of sitting at home. I want to learn some kind of skills so im choosing to go back school but this time for cosmetology aka a technical degree. With my student loans forgiven would this bring them back and add to the originial i owe? My cousin that is a high school teacher told me that once the student loans are forgiven they are wiped out for good. I have no problem with paying back a new student loan. My problem is the old student loans coming back. [link] [comments]  | ||
| Student loan early payment and deferment Posted: 02 Jul 2019 11:33 AM PDT I'm currently a graduate student with my undergraduate loans being deferred, and I was wondering if I were to make payments on my undergraduate loans either the principal or the interest if my deferment status would be affected at all? Does anyone have experience with this? [link] [comments]  | ||
| Made three payments in May, now they're marked as pending again? Posted: 02 Jul 2019 10:28 AM PDT Had a small fright today checking into my Great Lakes account. I'm making payments on my loans while I'm still in school. At the end of May, I made three payments on my loans (which paid off two tiny loans entirely). My payments went through perfectly fine, but now a month later they're marked as pending and the loan balances don't reflect the payments. Any idea what could have caused this? I've already emailed Great Lakes about it. Just wondering if any of y'all have experienced this. [link] [comments]  | ||
| Can I apply for a student loan every semester? Posted: 02 Jul 2019 09:54 AM PDT Title edit: Can I apply for a PRIVATE student loan every semester? If so, what would the drawbacks be? Backstory: I am starting a 3 year MBA program at a top 20 mba program. I'm gonna need about $30k in additional loans every year (on top of the $20k federal direct unsubsidized loan that I have already qualified for). I couldnt help but think that taking out a loan just in time for tuition payments would be the best way to go about this, since interest accrues the moment you take out the loan. In other words, I don't need to take out 30k at the beginning of the year when 2/3 of it won't be paid until the spring and summer semesters. As such, can I just take out loans at the beginning of every semester? $10k for Fall, $10k for Spring, $10k for Summer? I understand that private lenders will have to make hard credit checks each time. I wonder which will be worse, having 2-3 hard credit checks a year for 3 years or having to pay out unneeded interest for 6 months if I take out a full years' loan worth at the beginning of the semester. Am I missing something here? Please help! [link] [comments]  | ||
| I need to start paying in August Posted: 02 Jul 2019 09:24 AM PDT I need to start paying on my student loans in August I graduated in December. I have no idea how to even go about this. Like I don't know who to pay or how to find it out. Where should I start and what's the best way to go about it. [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