17.5k Student Loans Forgiven!!!! Student Loans |
- 17.5k Student Loans Forgiven!!!!
- Paid off my student loan!!!
- Which Loan to Pay First
- My parents are immigrants and don't qualify for parent plus loans, what do i do?
- Loan options for 620 and no cosigner
- Is PSLF a suitable option for me based on my circumstances?
- LendKey App
- I don’t know where to get a loan. My parents have bad credit. Help!
- Who owns the majority of student loan debt?
- Do in school payments accumulate every year?
- 17 years old, need help with getting a loan
- Are my parents able to cancel loan disbursement?
- Question Re: PSLF and Wife Moving to Private Sector
- Any loan forgiveness for law school
- Help! REPAYE Subsidy Question
- Adult learner needs financial aid recommendations
- My SoFi experience in regards to how they scored me was different vs what I expected
- Part-time school enrollment to defer federal consolidated student loans?
- BC Canada student loan
- Is it bad to take time paying off loans?
| 17.5k Student Loans Forgiven!!!! Posted: 09 Aug 2019 10:04 AM PDT Hey guys, today my student loans were forgiven through the Teacher Loan Forgiveness program. I had about $17,100 left and it was all forgiven. I am shaking as I write this! All in all, the timeframe was pretty quick. I got rejected twice, because I missed little things but was initially preapproved on July 10th and received notification today, Aug 9. So about a month it took. Just wanted to let all you teachers know and that it is possible! Keep up the great work! [link] [comments]  |
| Posted: 09 Aug 2019 03:21 PM PDT Yes :D So relieved. Now I can actually redirect that extra income to my net worth! $21,000 @ 3.51% over 2.5 years [link] [comments]  |
| Posted: 09 Aug 2019 07:08 PM PDT Hi all, I have 5 federal student loans. Making the minimum payment monthly. Looking to see which loan to pay extra towards. So far I've paid off 2 (Loan 6 and 7). I've been looking at the amount of interest I accrue daily and it looks like I have a higher balance with the loans with the lower interest rate + higher balance. Should I focus on making extra payment towards Loan 1? Loan 1: $19,569.11 (5.96%) Loan 2: $18,645.49 (5.96%) Loan 3: $17,742.23 (5.59%) Loan 4: $13,734.37 (6.59%) Loan 5: $11,994.94 (6.59%) [link] [comments]  |
| My parents are immigrants and don't qualify for parent plus loans, what do i do? Posted: 09 Aug 2019 08:32 PM PDT So, I am asking this for my boyfriend who really wants to go to college and do something with his life. Both of his parents are immigrants, they came here in probably 2000. They have social security numbers and work permits, but no green cards or anything that would technically make them a citizen. He has received a good amount for his pell grant and for the ford subsidized/unsubsidized loans, but he has about $5,000 left to pay, but he doesn't have enough money for that due to him not having a job and his entire family is low income. We tried nearly all of the private student loans, but were denied I'm guessing due to his parents' low credit score and they make minimum wage. We tried the Parent PLUS Loans application too, but neither are a citizen so they do not qualify. Is there anything that you all can recommend? Thanks! Edit: He is a dependent of them legally due to the guidelines, even though they can't help him pay anything. [link] [comments]  |
| Loan options for 620 and no cosigner Posted: 09 Aug 2019 11:49 PM PDT Okay this might be a really stupid question, but I need a student loan with a score of 620. however I don't have a cosigner. any possible options? [link] [comments]  |
| Is PSLF a suitable option for me based on my circumstances? Posted: 09 Aug 2019 06:28 PM PDT I've searched online for answers but I'm not finding them anywhere. I guess my situation is kind of unique. I'd really appreciate this sub's help in figuring out some of my questions. About me: I was working for a PSLF qualifying employer from 2014-2018. During '14-'16 I was out of school and making payments on federal student loans as part of the regular 10 year repayment plan. I was not aware of PSLF back then and never applied. Currently, I work for a different employer that also qualifies me for PSLF. I was back in school the last couple of years (over 6 cr a semester) so payments on my federal loans stopped. However, the payments are due to start again soon and I'm thinking of applying for an income based plan and work towards PSLF. As of today, I have $19K in undergrad federal loans. Also, I'm going back to school for a premed postbac program and will be taking out another $12,500 for this year's classes (postbacs are only eligible for one year of federal loans at a max of $12,500 for the first yr b/c the program is considered "preparatory"). Although I'll be in classes the next 3 years, I won't be able to maintain 6 credits every semester so my loans will continue into repayment. I'm doing more than 6 credits next semester to get the federal student loan but after that, it'll probably be around one science class and lab (3-5 credits) per semester for fall/spring/summer for 3 years. My future semesters in the postbac are to be financed by a combo of income, private loans and employer tuition reimbursement. It's part of why it's taking me longer to complete it- I'm choosing to do it part time to minimize my exposure to private student loans and take opportunity of my employer reimbursement (regular f/t takes two years). I will also likely take out additional federal loans once reaching medical school. I could end up owing over 100K in federal loans after medical school. Of course, I will owe more in private student loans but that's a different beast. Here are my questions: 1) Would my payments in PSLF now count towards my total amount borrowed for the next 5-7 years? So if I'm making PSLF qualifying payments now on a 19K balance but after medical school have a 100K balance, do the med school fed loans also get forgiven? If not, is PSLF still worth it? 2) Is it possible to get my past payments from '14-'16 to count towards PSLF? If yes, what does this entail? 3) I'm single, making 52K/yr and I'm currently interviewing for a promotion. If I get the promotion my salary would increase to 70-75K (final number to be based on negations). Which income based plan would be best for each salary? If you're able to include links in your answer, I'd greatly appreciate it. TIA!!!! [link] [comments]  |
| Posted: 09 Aug 2019 07:23 PM PDT I was just checking rates for student loan refinancing on LendKey, which it explicitly states does not affect your credit. It gave me some rates but then I just logged off, didn't continue with the application. I then got this email from them: LendKey Technologies, Inc. 104 West 27th St, 4th Floor New York NY, 10001 08/10/2019 Dear [MY NAME HERE]: The lender above regrets that the application cannot be approved at this time. REASONS FOR DENIAL. Factor(s) which contributed to our decision were: And then it didn't give any factors and just gave some Equal Opportunity legal language. What just happened? They make it sound like I just got denied even though I didn't even complete the application or give my SSN so how is this possible? [link] [comments]  |
| I don’t know where to get a loan. My parents have bad credit. Help! Posted: 09 Aug 2019 07:48 AM PDT For reference. I'm 17 and don't have a line of credit. I have a bill for over 3000 due in 5 days Hello! I am currently enrolled for my freshman year of college. At the moment, my out of pocket cost is somewhere around 9000 not counting books and other supplies. I've already done my fafsa, applied for scholarships, and gotten an appeal for more financial aid. I don't know if I will get the scholarships, so I can't count on those. We were just denied a loan for PNC. I've heard the horror stories about these other loan companies and the PLUS loans. Are they truly that bad? Classes start in two weeks and I need a quick solution. I don't want to make a mistake with the wrong company. Has anyone done a Parent PLUS loan or done a loan through companies like SalliMae? Does anyone have any advice for me? Thank you! [link] [comments]  |
| Who owns the majority of student loan debt? Posted: 09 Aug 2019 06:18 PM PDT With talk about student loan debt potentially getting forgiven, I must wonder who owns the debt and how would that affect the economy in terms of investors? If they are in bond form, then wouldn't debt forgiveness essentially screw the investors? What about Treasuries? And do people realize they're referring to government funded debt and not private debt? IMO, unless there's a very good reason I believe people need to pay their own debt. It's a responsibility issue and debt forgiveness won't necessarily fix the root issue. I agree, it was awful when I had debt. But it felt awesome when I made that last payment. [link] [comments]  |
| Do in school payments accumulate every year? Posted: 09 Aug 2019 04:02 PM PDT I'm not sure if I worded that very well, but basically what I'm asking is if I were to pay $100 dollars a month while I'm in school my first year; during my second year does that amount turn into $200? Or does it remain at $100? I'm just not sure at all how that works [link] [comments]  |
| 17 years old, need help with getting a loan Posted: 09 Aug 2019 03:38 PM PDT A friend of mine is 17 years old (won't be 18 until Sept 30th) and wants to start college this fall semester. She's going to a county college, but currently, have no way of covering the cost. Unfortunately, this is all very last minute due to personal issues of her own. Also, unfortunately, her parents refuse to fill out the FAFSA or cosign for any loan so she has no parental support through this. If she wanted to still start in the fall. What would she have to do? She has money saved up, but it's for the likely scenario of her having to find a place to live once she turns 18. Is there any way she can get a loan to help her so that she can start in the fall? Also, if she has to wait until she is 18 and spring semester to begin. What would be best for her to do? [link] [comments]  |
| Are my parents able to cancel loan disbursement? Posted: 09 Aug 2019 02:16 PM PDT So, long story short, me and my parents have had an extremely tense relationship over the past few years over some of my personal choices. I've been looking forward to college as a chance to get a break for them, but now I'm extremely worried. I'm scheduled to move into my dorm on Sunday, and loan disbursement is on the 18th. However, they've started to threaten me with the possibility of cutting me off and cancelling their portion of the loan, which would make paying tuition impossible. Is it possible for them to do this, and at what point does it become too late? If it helps, this is a parent PLUS loan and I'm hopefully attending Arizona State. [link] [comments]  |
| Question Re: PSLF and Wife Moving to Private Sector Posted: 09 Aug 2019 05:31 AM PDT Detailed post incoming! All thoughts appreciate...please :) My wife and I both have six-figures of loans and are enrolled in PSLF. She is on PAYE and I am on REPAYE, and we file taxes jointly, so monthly payments obviously take into account our joint income. My wife is likely moving to a private sector job making a significant amount more in the coming month or two - enough so that we will likely plan to consolidate her loan under a SoFi or Earnest, etc. and actually begin paying it off. My concern is this: if we do that, and report the higher income, my monthly payment will increase drastically while hers also will as it will no longer be income-based but a private amortized loan. To avoid this, I am thinking of the following and hoping for input if it is a sound idea and/or all possible. I would switch from REPAYE to IBR, and we would file taxes separately, thereby making my monthly payment calculated solely off of my income. In doing so, I would claim a family size of 3, actually reducing my current monthly payment from it's current amount. With my wife holding no more federal student loans, and not claiming any family, I don't believe I shouldn't be allowed to do this. In this scenario, the drawbacks I see that warrant further investigation are the fact that a chunk of current interest will be added to the principal of my loan when switching form REPAYE to IBR, and determining the negative impacts (if any) of not being able to claim certain tax deductions. Does this all sound right? Is there a better way to make this adjustment? [link] [comments]  |
| Any loan forgiveness for law school Posted: 09 Aug 2019 12:10 PM PDT |
| Posted: 09 Aug 2019 06:35 AM PDT I just spent 1/2 hour on the phone with Fedloan Servicing to get very poor answers. I want to know when and how the interest subsidy is applied to my loan under the REPAYE program. Like how can I see that it is occuring and does it occur every month/billing cycle or will it be reflected daily or what. Please and thank you for the help. [link] [comments]  |
| Adult learner needs financial aid recommendations Posted: 09 Aug 2019 09:43 AM PDT Adult learner, about to switch from full-time employee/part-time student.............to now full-time student/part-time employee. I'm very nervous about qualifying for financial aid. I technically don't need money for the tuition, as I'll be at a community college (RN program) but I would need money for cost of living bills. I've tried the scholarship route but so far have been unsuccessful. Would love to learn about any one else's experience and get some advice. [link] [comments]  |
| My SoFi experience in regards to how they scored me was different vs what I expected Posted: 09 Aug 2019 09:16 AM PDT Just completed my refinance application and waiting on SoFi to pay off my loans with my provider. Roughly 55K unsubsidized loans from 6.8 over 15 years to 4.37 for 7 years. My score is 785. Quite happy with that rate but I have to say in my view the only determining factors SoFi used were my credit score and income. For example they asked what my mortgage amount is and insisted that I use the entire amount even though I am married, we have dual incomes and obviously I am not the only one paying for everything. I have over $100K in my 401k but they didn't account for that at all. I remember reading a statement from their CEO before where he was saying how they "don't just look at the numbers but at the full picture" and this wasn't my experience. Not a major complaint but just something of a feeling I was left with in the process. [link] [comments]  |
| Part-time school enrollment to defer federal consolidated student loans? Posted: 09 Aug 2019 07:20 AM PDT Hi everyone. I am a public school teacher who makes too much money (lmao yes you read that right) to defer my loans. I have considered forbearance but I don't want to accumulate interest and I don't want to pay it during the forbearance period. I am enrolled in the PSLF program but 10 years is a long time and my salary will continue to increase, so I'm expecting that I will pay off the loan through the IDR plan before I even reach 10 years, thus defeating the purpose. My payment requirement jumped from $53 a month to $429 a month since I got hired. This is insane as I have other financial obligations. I recently enrolled in two graduate level courses at the same college and my loan was automatically deferred! Of course, this was only for the duration of two pay periods. (TLDR:) My question is: if I enroll in two undergraduate level community college courses, will my loan automatically defer and NOT accrue interest? Also, can I enroll in two undergraduate level courses from two different schools and receive deferral? Thank you! [link] [comments]  |
| Posted: 09 Aug 2019 06:19 AM PDT Hey! I am starting university in a few weeks and am funding it and my living expenses with student loans. I was awarded $6911 split between provincial loan(1870), federal loan(3570), and federal grant(1471). My university does not confirm my program until 1 week before classes start, and it's stressing me out.... I like to have all my chickens in a row so not knowing what $$$ I'll actually have for living expenses is painfully stressful. Is the awarded value my final value of student loans (and the confirmation just being how they know what portion to send to the university and what portion to send to me)? Are there factors that could lower how much I get (beyond prior defaulted student loans which I do not have)? Sincerely, A stressed out student. [link] [comments]  |
| Is it bad to take time paying off loans? Posted: 09 Aug 2019 05:52 AM PDT Im a 22 year old recent college graduate with only about 18k in loans. I make 45k a year before taxes but this will continue to increase through the years. I believe my interest rates are pretty low as well at around 3-4%. Everywhere i see people say that its best to pay off all my loans asap. As much as i agree, i think i will spiral in to depression if i do this. I love travelling and going out and am currently saving up for an international trip next year. I think if i were to live frugally for the next couple of years, not being able to do anything because of my loans, i would become mentally unhealthy. My monthly payments actually havent started yet as im still in a grace period after graduating but once they do it says ill only have to pay 187 a month for 10 years to pay them off. Im sure i can throw some extra money at it so it doesnt last 10 years but it wouldnt be paid off as soon compared to if i gave up all my free money. Is it that bad to slowly pay my loans off in order to enjoy my life in my 20s? Lmao or should i just suck it up and throw all my money at them? [link] [comments]  |
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