Feel even shittier about being indebted because none of my close friends have student loan debt. Student Loans |
- Feel even shittier about being indebted because none of my close friends have student loan debt.
- $250k in medical school debt and I am feeling suicidal plz help
- My school isn’t giving me financial aid but I think there’s a mistake in calculating my eligibility .. please help?!
- Grant overpayment letter recieved, school also "misplaced" my application info once. Coincidence?
- Where to get a 3-year loan on short notice?
- Private loan charge off and consolidation options. Please Help!
- How do you get over debt anxiety?
- I'm an actor. 130k Student Debt... Consolidation, Refinance? Any help is greatly appreciated
- Benefit of paying during grace period?
- Borrowing public Federal Loans vs private Health Professions Student Loan
- I’ve been struggling to get a loan for $10k and I’m getting desperate
- Welp I’ve expanded my resources and I need advice. Took all my financial aid and can’t get a private loan.
- Parents basically Disowened me 2 years ago can I get independent financial aid ?
- Am I going to be making a mistake?
- Great Lakes multiple student loans
- When to apply for Sofi refinance
- Accepted loans and grants for a whole year it graduate in the fall
- First student loan
- Quick question
- 140k in Undergraduate Student Loans Help
| Feel even shittier about being indebted because none of my close friends have student loan debt. Posted: 06 Aug 2019 06:41 PM PDT It sucks being the only one in your friend group who is significantly indebted by student loans. I currently owe $88k, ~$70k from stupidly going to private school for 2 years and the rest from 3 years at a state school ($72k was the total of what I initially borrowed and $16k was accrued interest from not being able to pay while in school/looking for employment post grad) Anyway, none of my close college friends have student debt because their parents all paid for their college tuition (including the friends from my private school). It's hard not to feel bitter about it, especially knowing they can put their income towards investments and savings/moving out while the equivalent of that money is going towards loans for me. I know life isn't fair (this is exhibit A haha) but again, it would feel less shitty to be on a somewhat leveled playing field from your friends. I guess I came on here to ask if anyone feels the same and what do you tell yourselves to stay in positive spirits? It's really affecting my mental health as well. Thanks! [link] [comments]  | ||||||||||||
| $250k in medical school debt and I am feeling suicidal plz help Posted: 06 Aug 2019 09:08 AM PDT Long story short I am in medical school and have failed my exam twice and on the verge of being kicked out. I have $250k in student debt I have no idea what to do there are all government loans please help I am having a full blown panic attack right now. I've heard of PSLF how do I even get a job in that field? My undergrad degree was biology. [link] [comments]  | ||||||||||||
| Posted: 06 Aug 2019 10:01 PM PDT I go to a community college. I got an email saying I don't qualify for financial aid based on the fafsa I submitted. I went to talk to an advisor to see why and she was pretty vague and just said I earned too much/expected family contribution was too high to quality. So, I did some research on my own. The estimated cost of attendance, based on a calculator on the schools website, (with tuition, room and board, books, other expenses) at my community college for 2016-2017 is $14,590/year so roughly $7295 per semester (I'm only taking 1 semester then I graduate). Given its 2019 and they're probably using another criteria, I'll round up the estimated cost to 7,600 per semester. I went on the fafsa website to view my application and see what was submitted to my college. I live with my husband so I'm not dependent on my parents. His earnings were $38,689 (I am unemployed) so our total household income is $38,689 (no additional earnings). Going back to the school provided calculator, I put on our income of $38,689 and then submitted and it calculated cost of attendance and how much grant I'm estimated to get. The estimated grant is $1,579 for the full year so for one semester, the grant would come out to about $789. Again, this is an estimate cost of tuition for the 2016-2017 semester (with the calculator provided by my school), so in 2019, the cost of attendance would go up and given that the income is still the same, the grant would be slightly higher (due to higher cost of attendance).. According to my calculations given my household income and estimated cost of attendance, I should qualify for financial aid. Can someone please help me figure out if this is an error? I have no idea how to work the whole "expected family contributions" so I used my own confusing method above ^ I'd HIGHLY appreciate it if anyone could help me figure this out. Thank you!!! [link] [comments]  | ||||||||||||
| Grant overpayment letter recieved, school also "misplaced" my application info once. Coincidence? Posted: 06 Aug 2019 08:25 PM PDT So i got a letter today saying i had a grant that was overpaid by the community college i last attended. Coincidentally, they also "misplaced" my supporting financial aid documents one semester. I had turned them in early summer, checked up on them in my account online and noticed they weren't received after 2 months. Called them and some new girl at financial aid office misplaced my documents and had "found them" and sent them off with only 2 weeks before the fall term of that year (2016 i believe) My questions are, should i go ahead and just pay it to get it over with, should i request a review as well as the documents, can i even use this in my defense(the misplacing situation)? What first steps should I take? [link] [comments]  | ||||||||||||
| Where to get a 3-year loan on short notice? Posted: 06 Aug 2019 05:32 PM PDT I need a $5000 loan for housing expenses (am a student). Payment is due in less than 2 weeks. It's too late for a student loan, and I have no credit so I doubt I can get a loan from a bank. I'm only going to need $5000, and I am 100% confident I will be able to pay it off within 3 years. I wouldn't even mind if it had a 20% or 30% yearly interest rate (as long as it's not compound interest). My only criteria is that I don't want to have to make any payments for the next 12 months. Where can I get such a loan? Thanks for any help. [link] [comments]  | ||||||||||||
| Private loan charge off and consolidation options. Please Help! Posted: 06 Aug 2019 04:24 PM PDT I had a private student loan of $20,827 recently charge off and am now getting calls from them to settle the debt. I have $53k in Federal student loans(in forbearance until 2/20) plus another $22,300 in private loans that I've been making regular payments towards. I have a bunch of other bills and fees that leave me in the hole almost $500 each month and there's no way to fix my budget to help, there's a loan of $230 a month that's over in 8 months. The account that charged off offered me a settlement of $10,414. I could take out a loan to cover it but wouldn't be able to afford monthly payments even if I were able to get approval. My grandmother was my cosigner for my student loans and can't do anything to help but they keep pushing for me to get her assistance. Even recommending she refinance her house to help. I'm scared that they might eventually try to sue me or, worse, her. Do I have any options to protect us? Are there any loan consolidation companies out there that might be able to combine both of my private loans(the active and the charged off)? Or are there companies that might be able to consolidate all 3 loans? I'm a mouse, jacked up on paranoia and set loose in a sadistic maze without an exit. Everytime I think I've found a solution, it's either a dead end or I have 20 more questions to look at. Filing for bankruptcy won't even do anything to help alleviate some of the pressure. Any advice would be super helpful. [link] [comments]  | ||||||||||||
| How do you get over debt anxiety? Posted: 06 Aug 2019 07:34 AM PDT Looking for personal stories/advice. I'm currently 24 fresh out of my master's program. I have 75K total in federal loans from undergrad/grad and I feel immense anxiety over my loans and I haven't even started paying them yet! The past few weeks have been spent reading countless articles/books/reddit posts trying to figure out my best plan. As of right now, I think I am going to do the PAYE plan which estimates my monthly payments starting at $0 but I plan to put as much money as I can towards my largest loan ~20K @ 7%. While I would love to commit to PAYE for the next 25 years, I plan to make more money in the future and get married and so I don't think forgiveness will be an option for me. Anyways, I'm having trouble getting over this anxiety and also feeling extremely guilty at the thought of spending any additional money. Right now, I have long commute to work and it's exhausting but I think I am going to try to avoid renting for the next 8 months-1 year and pay down that 7% loan. So, what are some tactics/mantras/strategies that you have been working on to avoid spending guilt/debt anxiety? Any and all advice welcome. TIA TDLR; Feeling anxious about student loans; seeking advice on how to accept my fate and enjoy life [link] [comments]  | ||||||||||||
| I'm an actor. 130k Student Debt... Consolidation, Refinance? Any help is greatly appreciated Posted: 06 Aug 2019 10:50 AM PDT Hello, First, thank you all for your help. Second, my loans have become a massive source of stress in my life. So any and all feedback and advice, if we could keep towards the positive or solutions, would be greatly appreciated. I currently have approx $130,000 in student loan debt both federal and private, from transferring and 5.5 years of college. To add insult to injury I have a degree in Drama. However, I have been able to make a decent living (if you can call it that with student debt) from working professionally as an actor and filmmaker. I've been on cable television... Netflix movies, do a ton of Voice acting and even produced a movie that just did worldwide sales. But the weight of the loans is barreling down. Currently, I pay approx $800 a month in loans, with 750 of it coming from a private NJCLASS at 7.8 % ($62,000) the rest is either in deferment or IDR ($70,000 via Great Lakes and (2 Perkins loans via Heartland 2,000$ and $7,000). I'd wished I knew more or was more educated about loans and the severity back when applying for college, but I still take full responsibility. With my loans and keeping a roof over my head, I simply can't seem to keep up, even more so with seeing Capitalized interest now coming in. One of my loans is currently in IDR with the other two currently being re-applied for. The last private NJCLASS, I can't seem to do anything about ($750). As an actor, I work freelance and am technically unemployed most of the time, except for the few recurring gig's I thankfully have. I'm at a loss of where to start sooner than later. I've scheduled to meet with a financial advisor here in NYC but am weary of only getting one opinion. Also, I don't truly know all of my options. I'm trying to move out to LA to further expand my opportunities and to capitalize on the animation career I've been growing, and that's where the majority of the work is. To do so I need a car and with the loan payments, purchasing a car and insurance seem very scary. But you have to spend money to make money... Where would one start? Is Loan forgiveness an option for my federal loans? Would you consolidate or refinance? Any and all guidance would be greatly appreciated. Best - P [link] [comments]  | ||||||||||||
| Benefit of paying during grace period? Posted: 06 Aug 2019 04:13 PM PDT Background: I just finished nursing school, and I came out with $16,000 in debt subsidized and unsubsidized combined. I signed up for the standard payment plan, and the interest rate is 6.8%. They estimated I would pay a total of $21,000 if i pay the minimum for the next 10 years. Now, I have 4 months before the grace period ends and many have suggested I start paying my loans off. I am wondering what benefit, if any, would this bring me. What would this mean for my student loans / interests / overall balance / repayment plan? Thanks! [link] [comments]  | ||||||||||||
| Borrowing public Federal Loans vs private Health Professions Student Loan Posted: 06 Aug 2019 04:11 PM PDT Hello everyone, I will be starting health graduate school soon. In the financial aid package, I am being offered 3 options for loans outlined below. After looking at the cost of attendance and my incoming Fall statement (which will also be equivalent to the Spring statement), it appears that using only the HPSL and Federal Unsubsidized loans (the lower interest Federal loan) would be just enough to cover my entire cost of attendance for this year. Side note, the amount of HPSL being offered only covers 25% of the cost of attendance, so that's why I'd need to take out at least another Federal loan as well. I'd like to be a bit wary before proceeding though. At face value, taking out the HPSL seems like a no-brainer, since no interest accrues until after I leave school. However, I've seen general advice to avoid private loans if possible. My health graduate school will be the HPSL lender. However, it appears that the HPSL loan can be consolidated along with my Federal loans, so should this change my considerations? Thanks everyone!
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| I’ve been struggling to get a loan for $10k and I’m getting desperate Posted: 06 Aug 2019 10:59 AM PDT I just want to go back to college ffs and I got screwed over by my family so I can't receive any help from them. That means no one to co-sign, no one to help pay. I've been through dozens of loan sites but because of my short credit history and average credit score (which prolly went super down now thx to loan apps) I keep on being rejected by lenders even tho I can pay it off, and I even got an offer finally but needed to have a owned vehicle which I do not have so back to square one. I'd rather be in debt because i know I can flipping pay it off, im just in a pickle rn and need money to get me out of it. I don't know what else to do. [link] [comments]  | ||||||||||||
| Posted: 06 Aug 2019 10:02 AM PDT So I'm an incoming freshman and I took all the financial aid I had, leaving me with about 5000 left to pay. I've tried applying for various private loans with various private loans and I haven't been able to get any due to not having a cosigner. I tried funding U but due to my school choice I can't get anything . Do I have any other options? [link] [comments]  | ||||||||||||
| Parents basically Disowened me 2 years ago can I get independent financial aid ? Posted: 06 Aug 2019 08:13 AM PDT 2 years ago around first year of college my strict religious parents kicked me out of the house and withdrew any cash flow that went towards my tuition or me. Since then I have been working part time and using my summer internships and living with a friend for low rent. I figured I should be getting way more federal aid so if reach out to my parents and ask them to give up guardianship legally will I be able to get better financial aid? thank you. I know people pull scams for cheaper tuition but I'm stuck and I dont think I should suffer as a independent. Thank you and sorry for the shit grammar. [link] [comments]  | ||||||||||||
| Am I going to be making a mistake? Posted: 06 Aug 2019 11:43 AM PDT So I've decided I'd want to be an nurse. I got accepted into an private school nursing program. The tution per semester is around 20k. I was able to get fin aid but at the end of everything (scholarships, unsub/sub loans, grants), I still owe ~5k which leaves me with one other option which is parent PLUS loans. The thought of having my parents having to take on debt for me makes me really sad since I know they don't make much themselves. I am ofc going to pay them back when I graudate and get a job. I'll be in the nursing program for 2 years. Would I be regretting this? I feel like I'm out of options, I've already went to community college to get all the pre-req for this nursing program and have an biology associates deg. To make matters worse, my sister is also starting in the same program as me so that means double the parent loan... [link] [comments]  | ||||||||||||
| Great Lakes multiple student loans Posted: 06 Aug 2019 11:41 AM PDT Hi, so I wanted to ask if it normal it have about 16 loans with Great Lakes? They are all under one account but each one has a different interest rate. I'm assuming if I ever want to calculate what the APR I would just add all 16 and divide by 16 correct? I also wanted to know is there a way to request for a lower IBR? Within a few months my bill situation will change and I'm trying to see if they can accommodate [link] [comments]  | ||||||||||||
| When to apply for Sofi refinance Posted: 06 Aug 2019 11:11 AM PDT I have about 60k left to pay off from grad school at a 6.8% rate. I'll probably benefit from Sofi, but have been toying on when to apply. A few considerations: -I'm currently engaged to be married in the spring, but my fiance and I will be getting marriage license likely in September for tax/health insurance purposes. Income wise, I'm the high earner by a mile and she makes a little over 1/3 of what I do. I've debated what impact applying now (single) vs applying after we are legally married (and if I would need to wait until we do taxes anyways to demonstrate combined income) -I started a new job in May. I have 10 years of work experience, but am in a new job. I know they take how long you have been at a job into consideration. Should I wait until I am 6 months in or even a year in? Would love to hear thoughts on when to apply based on these two life factors. Thank you! [link] [comments]  | ||||||||||||
| Accepted loans and grants for a whole year it graduate in the fall Posted: 06 Aug 2019 11:00 AM PDT So I was offerred grants and loans for the entire year for this school year and will be graduating in December. Therefore, I will not be enrolled in the spring... what happens to all that loan and grant money that I've accepted for the spring semester? [link] [comments]  | ||||||||||||
| Posted: 06 Aug 2019 08:40 AM PDT This will be my first time taking out a student loan. I already have my associates and now I'm transferring to a university to get my bachelor's. I got $10k scholarship for every year (2 years in total). I will need to take out around $8k per year additionally in private loans. I already took out both subsidized and unsubsidized loans for the gov. And the $8k is left over. Any advice as to which private loan lender to choose from? I was thinking Sallie Mae, Discover, or SoFi. [link] [comments]  | ||||||||||||
| Posted: 06 Aug 2019 04:30 AM PDT I was told I had 6 months before I had to pay on loans. What if I haven't secured a job by that point? [link] [comments]  | ||||||||||||
| 140k in Undergraduate Student Loans Help Posted: 05 Aug 2019 04:28 PM PDT I am looking to get no-cosigner private loans to cover what fed unsubbed loans will not out of the 140k, and taking additional loans that I can cover immediately to help build credit and therefor lower future interest rates the next few years. I am a dependent student, but have nobody willing to cosign and I just started establishing credit. I will need about 30k in loans for this year's two semesters in addition to the 5500 fed loans. I know that probably not a single person in this sub would agree with my decision, but it is happening and I would like to minimize the ___ I get myself into. Any advice on finding loans, future refinancing, building credit, cosigners and anything else (aside from not going) will be greatly appreciated. [link] [comments]  |
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