Avoid For Profit Schools Like the Plague Student Loans |
- Avoid For Profit Schools Like the Plague
- Should I take what I am putting into savings and pay my loans
- Can’t get approved for a student loan and have no co-signer!! Help!!
- Lump sum - better to pay off debt or make down payment?
- Would I qualify for in state tuition?
- Do I have to pay my loans back now? Just filled out an exit loan counseling form.
- Any student loan blogs?
- Debating if I should go into masters program. Is the debt worth it?
- Student Loan assistance for 19M with autism?
- Going to CC instead of a Private to save on loans, am I missing something?
- Debt-to-Income
- Refinancing my own loans AND my dads Parent PLUS loans
- Is it worth it to refinance if I’m planning to have it paid in 8 months?
- Looking at private student loans, need some advice
- Looking to maybe go back to school and need advice.
- Variable Interest Rate Drop
- Getting married while in college- will my husband have to cosign my loans & how will they be affected in repayment?
- Fedloan Servicing
| Avoid For Profit Schools Like the Plague Posted: 02 Aug 2019 05:22 PM PDT I know this isn't exactly student loan related, but it kind of is. If you're going to take on a student loan, make sure the loan you are getting is from a reputable company AND for a reputable (regionally accredited) institution. Many for profit schools like to trick students and scam them into thinking national accreditation is "better" than regional when the public and private (non profit) universities are accredited under. E.G-University of Phoenix, Devry (used to be a lot better than they are now admittedly), ITT Tech (Which I believe went belly up), are schools to AVOID. Run, do not collect 200.00. Do not pass go. Do not sign the dotted line. School's that are typically safe bets: Community colleges, regional private schools, public state schools, top private schools (nationally ranked). Basically anything in the US News & World Report. If you take on a student loan and go to a scam college you'll be in a world of hurt. Double check. If you have to, get a lawyer before you sign the documents to help you read through them. It might be worth paying $1,000 or so to a good lawyer before signing a 30k or 40k document. A LOT of the current student loan crisis could be avoided if people fact checked their loan documents and the schools they choose to attend. Edit: If you're paying cash for it that's fine, but don't expect it to be the same quality as a standard community college or some other reputable university [link] [comments]  |
| Should I take what I am putting into savings and pay my loans Posted: 02 Aug 2019 10:39 AM PDT I currently have been employed for a bit over a year and have student loans of about $35,000 @ 6.4%. I currently am maxing out my employer 401k contribution match and have about 3 months of expenses in a savings account at the bank. Should I be putting all the money I haven't spent each month on my student loans forgoing savings any of it - I am afraid that if something were to happen to my car or a similar situation and I drained my savings account I would be screwed as it would take me awhile to grow it back up again. Thanks! [link] [comments]  |
| Can’t get approved for a student loan and have no co-signer!! Help!! Posted: 03 Aug 2019 12:31 AM PDT So I owe about $6k in tuition for my freshman year of college (this past school year) and I have a hold on my account preventing me from registering for classes again. I don't have established credit since I just recently got a credit card to start building my credit. My parents both have really bad credit and don't make a ton of money considering neither went to college. I've emailed my financial aid office trying to set up a payment plan to help get me back in school in a few weeks and they repeatedly tell me that a private loan is the only option, but with no co-signer I've had no luck. All I have is my immediate family as an option to co-sign. I don't know what to do but if I can't go back to school I genuinely don't think I'll be okay. pls send advice/help [link] [comments]  |
| Lump sum - better to pay off debt or make down payment? Posted: 02 Aug 2019 04:37 PM PDT Looking for advice from those more financially savvy than myself. I have a payment coming my way (25k) next year courtesy of an old lawsuit. My husband has about 45k left of student debt from both private and gov't loans, and we are trying to figure out the best way to use it bang-for-our-buck wise. He makes roughly 80k a year and I stay home with our newborn (with freelance gigs here and there). I never had student loans, so I am not well versed, but I'd love to know: 1)Is it even possible to offer Navient a lump sum in lieu of less than the amount owed (like one would a credit card)? I can't seem to get a concise answer on this from Google. 2)Would it be smarter in the long run to use the money towards a home so we're investing in our own equity, and continue to pay off his loans as we have been? Or is there a third option to consider? TIA! [link] [comments]  |
| Would I qualify for in state tuition? Posted: 02 Aug 2019 10:10 PM PDT So im from New Jersey and i lived with my dad there, over the summer I moved to North Dakota to stay with my mom and go to college in North Dakota. Would I qualify for instate tuition since she lived in North Dakota for about 3 years and paid taxes there. My parents are separated and I used her to apply for fafsa. [link] [comments]  |
| Do I have to pay my loans back now? Just filled out an exit loan counseling form. Posted: 02 Aug 2019 04:25 PM PDT I signed up for classes this Summer 2019 but withdrew from all for personal reasons. I will be back this Fall 2019 but had to filled an "exit loan counseling form" that said something about repayment. Does that mean I have to repay back that loan although I will still be in college for another +2 years? [link] [comments]  |
| Posted: 02 Aug 2019 06:45 PM PDT Particularly blogs that are about 6 figure student loan debt? Thanks! [link] [comments]  |
| Debating if I should go into masters program. Is the debt worth it? Posted: 02 Aug 2019 01:27 PM PDT So my wife got into a PA program and when comes out of it we will probably owe 90k on that. I have 36k right now. I was just offered a masters degree with a 20k/year stipend. I would need to pull out money to stay a float. One problem with this position is I would be two hours away from where my wife lives. Coming out of our programs, I should be making well over $100k/year and same with my wife. What I'm basically asking does $150k in debt justify $200k/year in the end? [link] [comments]  |
| Student Loan assistance for 19M with autism? Posted: 02 Aug 2019 07:24 AM PDT As the title says, my cousin has autism. He falls towards the more severe side of the spectrum, but he can still function. He has had one job, but it didn't workout. He graduated high school this past year and is going to be attending a Threshold program in September, but will most likely be returning home after. This program costs around $70,000 a year. My aunt and uncle make decent money on paper but due to the care expenses for Austin as well as having another kid in college, they don't have much. They are pleading with the Department of Developmental services but haven't been approved for anything. My question is, does anyone know of anything else they could do? My aunt and uncle are going to bankrupt themselves if they need too, Austin needs this program. Does anyone have any experience with the DDS/ loan assistance for those with autism in Massachusetts? Could total and permanent disability potentially be an option? I have looked into it but Im not sure if Austin will qualify as he will most likely be seeking employment after this two year program/ if this program would disqualify him. TIA for any advice! [link] [comments]  |
| Going to CC instead of a Private to save on loans, am I missing something? Posted: 02 Aug 2019 07:59 AM PDT I was under the general impression that I had college figured out as I'd been a moron and just took blind suggestions from my parents, who do infact mean well- and so I only applied to one school, a private mid-tier (Gwynedd Mercy) which is projected to run me 80-100k in loans for a BSN, a job that averages 70k a year in my area (Philadelphia, PA) So, something seemed wrong when I was reviewing the numbers and now I really, really want to jump ship and enroll in CC (For my area, it's DCCC), and pursue an ADN to BSN program after graduation from there and potentially avoid 10 years of financial distress and struggle. Problem is, I wasn't enrolled here beforehand and I'm not certain if I'll make the cut for the fall semester, or even the spring semester. What damage will I do to my financial aid if I have to wait a year before enrolling here? In order to make use of my time I'd like to work full time at my 10/hr job and save up to cover unexpected fees and cover interest for the CC loan. Is this a sound decision? Am I missing something important? I've heard nothing but how stupid it would be to take this private school over CC but my parents think otherwise. I really want to believe them, but I just think they're not seeing the bigger picture with how much those loans will ruin my golden years. Advice? [link] [comments]  |
| Posted: 02 Aug 2019 02:37 PM PDT Hi guys, I am currently in school so my loans have not gone into payment. I am working full time while in school full time My fiance and I would like to invest in a condo. Are my student loans considered in my debt although I am not required to make a payment [link] [comments]  |
| Refinancing my own loans AND my dads Parent PLUS loans Posted: 02 Aug 2019 02:19 PM PDT Hi everyone, I can't seem to get a consistent answer from lenders so I come to the trustworthy place of reddit. So I have loans under my name and parent plus loans under my fathers name. I want to consolidate them all into my name. Some lenders say he needs to be a co-signer on the new loan (that just defeats the purpose here) some say he doesn't. Does anyone have experience doing this and if so who did you decide to go with to refinance? [link] [comments]  |
| Is it worth it to refinance if I’m planning to have it paid in 8 months? Posted: 02 Aug 2019 07:42 AM PDT I am doing the avalanche method and currently finishing up my private loan (done in October) I have 2 loans from grad school that are 20,000 one is 6% and one is 5.5%. I was thinking of refinancing the 6% and got pre approved offer of 4.8 fixed. But I'm wondering if it'll actually be worth it considering I'm paying extra and should have the loan paid off in 8 months? I did a calculation and it looks like I would only save about $100 in interest, because I'm paying it off so quick. And it would be a private loan so I would lose my federal benefits if I lost my job or something. Plus I would have a new loan on my credit report and an inquiry from the application. Just want to see if anybody has any advice or thoughts on this. It would also increase my required monthly payment, whereas now it's super low and I just pay extra on the loan I'm targeting. [link] [comments]  |
| Looking at private student loans, need some advice Posted: 02 Aug 2019 12:41 PM PDT So I'm going into my last two years of university for a degree that pays at about 50-60k average salary give or take. The Federal loans I receive aren't enough to pay for housing and tuition. Every year I get 7500 split between two semesters in federal loans to pay off some of tuition and the rest my family usually can cover. However starting this year I'm paying for housing out of my own pocket. I have a part time job that gets me some money but nowhere near enough to pay for rent around where I live. I know about Parent PLUS loans but that's currently not really an option for me. I'm turning to private students loans (~24k) at the moment to cover for the housing costs for the next two years I have left in school. But I'm too nervous to pull the trigger on a private loan so I wanted to ask: why are private student loans looked at in such a negative light? What are the risks and the cons that make them so terrible? I just want advice on what to expect with private student loans or if there are any better alternatives that can help me pay through the rest degree. Thanks! [link] [comments]  |
| Looking to maybe go back to school and need advice. Posted: 02 Aug 2019 07:03 AM PDT Long story short, I majored in Computer Engineering in college, absolutely loved it in school, graduated at the top of my class, etc. Having been in industry for 5 years now (I turned 27 in May) and having nothing but bad experiences in 4 companies now, I absolutely abhor it and want nothing to do with it anymore. So I'm trying to find a new path and that may involve going back to school for another bachelor's. I've looked into a number of options. I've thought about leaving and taking a job at Starbucks for the tuition and health insurance (I have epilepsy and expensive medication, so this is important). However upon looking into it further, the tuition benefit is only for people who don't already have a degree. I also live in NY, so I suppose I might be eligible for the Excelsior Scholarship, but I need to look into it some more as there's lots of conditions. I'm trying my absolute best not to go into debt for this. I was fortunate enough not to go into debt for my first degree, my parents put enough money in my college fund to pay for a state school, where I ultimately went (no regrets there) and commuted to (looking back, maybe the dorming experience would have been good, but it's water under the bridge now). As someone with clinical depression (tried it all, therapy, medication, TMS), I honestly don't think I'd be here anymore if I had the burden of debt over my head for a career that I've come to hate; I'd have probably jumped off the Verrazano a long time ago. So I'm fortunate for that. I don't want that burden of debt after my "redo" either. While I think I'm much wiser as to what I want in a career now than when I was 17, I still have my doubts that I'll like that either and if I mess up again, with a cloud of debt over my head, I just think my life is gonna be over. I'm not opposed to even leaving the country for a few years to re-educate myself if I can have the peace of mind to be debt free. And I don't know this for a fact, but I would imagine the world of scholarships and grants are not nearly as friendly to older students or those returning to school than it is to first time college kids. Thanks in advance. [link] [comments]  |
| Posted: 02 Aug 2019 06:10 AM PDT Never thought I would be excited about a Fed interest rate cut, but the new 1-mo LIBOR is out. My variable interest rate (Earnest) has dropped from 4.16% to 4.02%. It's still up considerably from 2.25% when I re-fi'd in 2016 (w/ autopay 0.25% reduction) but at least it's heading back in the right direction! ETA: My max rate had crept up to 4.26% over the course of almost 3 years. This Earnest blog post (promise, not a shill...) is actually informative with a historical 20 yr 1-mo LIBOR graph. https://www.earnest.com/resources/fixed-variable-rate-student-loans ETA2: Another graph that shows the correlation between the Fed rate and 1-mo LIBOR. Surprise! They're correlated almost exactly. https://www.earnest.com/blog/how-does-an-interest-rate-change-affect-my-student-loan/ [link] [comments]  |
| Posted: 02 Aug 2019 08:00 AM PDT I'm a student in college about to propose to my partner. My mother cosigned my loans when I began college right out of high school. If I get married, will my spouse have to cosign them, or will she still be able to? Will my payments on my loans be affected if I am married? [link] [comments]  |
| Posted: 02 Aug 2019 02:50 AM PDT Does anyone have their loans going through fedloan servicing? I am more than confused about my current accounts. I was under the impression that my loans were approved for loan forgiveness, I am now seeing that there are a limited number of repayment options that apply. Any knowledge that can be shared, will be greatly appreciated. [link] [comments]  |
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