Wages being garnished, but still getting collection calls. Student Loans |
- Wages being garnished, but still getting collection calls.
- Student Loans discharged under TPD - California State tax?
- I have a large amount of unpaid loans and I'm feeling overwhelmed. Is there a place where I can look for trustworthy student loan counselors?
- Holds from 7 years ago prevent enrollment. Advice?
- I recieved mail for an exit loan interview. What do I do? Does this mean I cant get back into school?
- Nelnet said 0.00 payment for 12 months. Then charged me 200.
- Student Loan Daily Interest Accrual/Rounding
- Should I pay off my loans or continue to make payments?
- One year out of school. I figured today was a good day to figure out where my $1,421 per month is going... help?
- Refinancing with no POI
- Paying off School balance before Transfering
- Accidentally generated two IDR recertification forms - the incorrect one is to have my payments recalculated immediately; the other is the annual one
- Pay off a loan or accrued interest before capitalization?
- Anyone have a list of which banks use which bureaus for student loan refinancing?
| Wages being garnished, but still getting collection calls. Posted: 30 Sep 2019 02:04 PM PDT Title says it. My wages are being garnished and that is what it is. But I still get what I think is a collection call at least once or twice a day. I'm not sure though because I never can answer my phone at work and there isnt a message left. Googling the number doesnt yield much help. Are these collection calls? Should I still be getting collection calls? [link] [comments]  |
| Student Loans discharged under TPD - California State tax? Posted: 30 Sep 2019 04:50 PM PDT I had a significant portion of my student loans discharged due to TPD. I know the discharged amount is no longer considered taxable income for federal purposes under the Tax Cuts and Jobs Act, however I wanted to know if the amount would considered taxable for California state taxes? I can't seem to find any concrete information on this online, and wanted to see if anyone has had any experience with this or can provide me with any information. Thank you so much! [link] [comments]  |
| Posted: 30 Sep 2019 06:47 PM PDT I know a lot of people say you don't need help outside of your loan holder, but I'm worried about making a decision that will cause problems in the future, such as locking me out of benefit that I am unaware of, or doing choosing a plan but misunderstanding what it means to me in the future. I've read a little bit on the NFCC and it seems to be an organization to find that has a good reputation but I was looking for others' opinions before jumping in. [link] [comments]  |
| Holds from 7 years ago prevent enrollment. Advice? Posted: 30 Sep 2019 11:32 PM PDT First off, let me say that i'm 27 and a single father of two girl's. I have been trying, applying, major researching, shopping, and basically obsessing over trying to get back in school and work towards a 4 year degree for the betterment of mine and my two kid's future. I fill out the fafsa, get processed, apply to both a 4 year and a 2 year college in my area and then i see a "hold" pop up on both school's student portals and was instructed to call admissions. I found out that little did my naive ass know, you can't just stop attending like i had done in 2012. That left me with a $1,053.00 balance from 7 years ago. That balance stops me from being admitted, enrolling, and accepting financial aid awards. OF WHICH I COULD PAY OFF MY BALANCE WITH. I simply don't/won't have a grand to pay this. The hold can be lifted when the amount is paid down to $200 or less. Then i could accept my grant's, aid's, and possible loans and continue my education. My family can't, and i'm a first gen college student. I gotta make this happen somehow. Any advice of how i could resolve this, knowledge of quick educational grants, or other help available to adult student's to get me on my way would be incredible. I want my girls and my family to be proud of me. Yes, everything is documented.tl;dr ignorant younger self no call/no show's semester leaving his unforeseen future education on lock down due to tuition owed 7 years prior in the amount of $1,053. [link] [comments]  |
| Posted: 30 Sep 2019 07:28 PM PDT I go to a school online, the physical school is in Florida and I'll be damned if I move there. Anyway, I was majoring in Video Game Art but failed because I was suffering from untreated Combined type (adult) ADHD (recently diagnosed over a month later, it's hard to find a place that is affordable and accepts my insurance) and it severely affected my school performance. My school counselor put me in a certificate program to try to bring up my GPA (and I'm doing well so far!) and try to appeal to get back into my degree program. I got mail about repaying my loans, im fine with that, I dont make much but I'll work hard to where I am able to afford to pay. But my main concern is will this affect my chances of getting back into my degree program? I'm in therapy and working on being better. The work in my original program wasn't hard (although it can be frustrating and confusing). I seriously struggle with staying on task, finishing assignments and all of that. I hope they see that I am improving and accept me back into the program. Tl;dr I'm scared that I wont be accepted back into my program because of the exit loan...if that makes any sense. [link] [comments]  |
| Nelnet said 0.00 payment for 12 months. Then charged me 200. Posted: 30 Sep 2019 10:42 PM PDT I got a letter in my Nelnet app that clearly states 0.00 payment for 12 months following an IBR re-calculation. Great. No payment schedule, nothing. Just that. Then, I get a statement. Payment due is 200+. This is surprising. I call, the rep sees the 0.00 and says it will kick in next month, but this payment is for this month. Okay no problem. This month, get a new bill. 200+. Call rep one, doesn't acknowledge any communication with me since June. We get disconnected. Rep two sees letter, says the 0.00 letter was an error. I say, okay, but it seems like a bait and switch. No communication, than just higher payment. Transfers me to leader. Leader says it was an error. I ask for some sort of compromise or leniency based on their error and going from 0-200+ with no notice is a little rough. They try to make me recalculate over the phone, which I do not. I am escalated to leader's leader, which says her hands are tied but I can pursue it with their "solutions" people. Give me a number, email. Has this ever happened to anyone? I mean, I was excited about the reprieve from payments, but am mostly just upset that they sent me a letter in black and white, then with very little notice decided that they made a mistake. I want to negotiate for a few months deferment or something. Any advice? [link] [comments]  |
| Student Loan Daily Interest Accrual/Rounding Posted: 30 Sep 2019 04:42 PM PDT I am just curious for my own sakes: Last school year I received $7,500 of student loans at 5.05%. The first half ($3,750) I received on 09/29/2018 and the other half ($3,750) I received on 01/16/2019. The first half did not start accruing interest daily until the day after I received it (09/30/19) and the second half did not start accruing interest again until the next day (01/17/2019). My student loan servicer says that as of 09/29/2019 I have accrued a total of $322.13. However, I'm calculating $322.20. I have similar discrepancies with my other loan disbursements, however I'm just using this as an example because its the most recent and thus has been accruing the least amount of time. Obviously I dont think they're trying to screw me - its just a rounding error. But does anyone know the proper way to calculate this? I cant for the life of me match their number, and I've tried every rounding/truncating scenario in the book (including using the solver function on excel). Let me know if you've had a similar situation and solved it. *****p.s. I'm using the formula: (interest rate/365)xprincipal [link] [comments]  |
| Should I pay off my loans or continue to make payments? Posted: 30 Sep 2019 02:27 PM PDT I have 5 loans, well 3 from the same company at different rates: 1) $8,555 Remaining @ 6.55% - Min Payment $61.50/Actual $112.50 2) $8,090 Remaining @ 5.96% - Min Payment $62.50/Actual $62.50 3) $8,555 Remaining @ 5.16% - Min Payment $75.00/Actual $75 4) $10,615 Remaining @ 5.12% (Adjustable) - Min Payment $146.83/Actual $146.83 5) $8,900 Remaining @ 4.50% - Min Payment $154.76/Actual $154.76 I am currently paying just over $550/month towards student loans. In total, I have $107k in liquid assets, approximately $5,000 in monthly expenses outside of student loans, and a joint monthly income of approximately $7,500. Thoughts on if I should pay these off or continue making payments? Should I make more payments? I like to know I have some money each month going to savings. My thought is that if I pay them off, I can put aside the $550 I make in payments every month and pay myself back interest free instead of paying the interest. [link] [comments]  |
| Posted: 30 Sep 2019 11:56 AM PDT Hey guys and gals, so my basic question is about consolidation or something along those lines. Basically just trying to get some experienced thoughts on what my options are moving forward. So basically, I accumulated $20k debt in college. Went to law school on a half tuition scholarship and somehow amassed another $170k in student loan debt (never received assistance from parents and would have starved without the help). Graduated law school and passed the bar exam. Awesome right!? Wife went to law school as well and graduated with only one $10k loan that is almost paid off so that helps. It is probably worth noting that my dream was always to be a public defender. Howevere, as I inched towards graduation I realized those jobs don't pay well and are almost impossible to get - you basically are just waiting for someone to die or retire. So, I ended up in private practice doing criminal defense. We both have solid jobs. She is employed by the USA and I am in private practice. Combined income is roughly $120,000 per year. Also, I am pretty good at what I do (criminal defense) so I would say that my income potential is only headed north. Anyways, here is the breakdown. I owe $180k. I am on a ten year repayment plan (currently pay $1,421 per month which will increase every two years) and will pay roughly $250k. I learned today that I am generating $29.37 per day in interest. I have six unsubsidized stafford loans ($9,000 at 6.55%; $7,600 at 4.441%; $2,950 at 4.41%; $23,651.42 at 5.59%; $22,300 at 5.06%; and $21,400 at 5.75%) and three graduate plus loans ($33,100 at 6.59%; $31,000 at 6.06%; and $29,300 at 6.75%. Serviced by mygreatlakes. I called and asked about debt consolidation. They explained how to pursue it on studentloans . gov. Basically, they would consolidate and give me a 6.25% interest rate which would generate roughly $30.50 in interest per day (or so I was told by the lady on the phone at mygreatlakes) and that it would be 6% with an automated payment plan which would still be more than my $29.37. Is consolidation not an option? Should I just look elsewhere. Honestly, I am not an expert on finances nor a math wiz nor a tax expert so any advice is appreciated. Probably worth adding at some point that I feel extremely guilty about the loans. Like, my wife wants to live in a luxury apartment (to be fair, she deserves it, and it beats currently living in a bad neighborhood) but I feel like I cannot justify any frivolous expenses. Worse, my monthly payment is close to one two week paycheck after taxes. I kinda feel like dead weight holding us back. Now that I've typed this out, and considering the fact I have essentially ignored the loans [other than making the graduated repayment plan payments (on autopay because I doubt I'd actually log in to do it)] I realize this whole situation is probably contributing to a moderate amount of crippling anxiety and depression. TL;DR: I get that I am fiddlesticked but like to what extent does the fiddlestickery extend? [link] [comments]  |
| Posted: 30 Sep 2019 02:55 PM PDT Has anyone ever refinanced their student loans for a better interest rate and repayment terms without having to send in proof of income? Assuming excellency credit of course to back it up. If so, who was it through? [link] [comments]  |
| Paying off School balance before Transfering Posted: 30 Sep 2019 01:54 PM PDT Can I get a student loan to pay off a past semester to go back to school? I went to a university right after high school and due to my grades and lack of money to pay off the rest owed to the school before I could return I left school and currently going to a community college. I wanted to apply to another university around fall 2020 or fall 2021. I know before i can be accepted to another university I need to have no debt with the previous college I attended. I wanted to know could I get a a private student loan to pay off the balance at my first university, since you can't apply to scholarships to pay off a school your not attending. Besides finding extra income to try and pay it off before than is this my only way of paying off the balance? [link] [comments]  |
| Posted: 30 Sep 2019 10:10 AM PDT My question is, on the federal student loans website where you generate the IDR recertification forms, is the fact that I submitted TWO of them going to really confuse FEDLOAN servicing? I got confused when filling out the recertification - my income increased slightly this year, so I thought I was supposed to fill out the one for a change in income. Apparently that's for a DROP in income. Unfortunately you don't realize this until after you enter all the questions and then it generates the form, which you provide to your service provider. When I looked at the form, I noticed that it had the "recalculate immediately" choice selected. That was not the one I meant to do. I meant to do the ANNUAL one. I could not find any way to cancel the one I did, so I did it again, this time making sure I chose the Annual recertification. The reason I was thrown off is because I thought in the past, they had asked if your income changed at all, including going UP. But this time it only listed DECREASES in income. So I made a mistake Anyways, my question is. I submitted the annual one to Fedloans along with my paperwork. I included a cover letter where I asked them to please disregard the incorrect form. Knowing how they are, I don't know if they will know what to do with it. Is it going to be a problem that I submitted one asking them for immediate recalculation? what's going to happen with that form when I don't "pursue" it and submit the required documentation? Is it going to mess everything up that I submitted two? And yes, I'm an idiot for misunderstanding. But it's weird to me that they only want you to indicate if your income went down, but they dont make it clear on the online questions you have to click through whether you indicate if your income has INCREASED. It isn't really intuitive in my opinion. nor is fedloans system - because last year they sent me an email in Sept saying IDR was coming up in 2 months and to look out for emails. The next thing I know is in the end of November when I log in, they are saying it's overdue! luckily I got the app in on time, (thanks to the 10 day grace period after the "due date") but it was really confusing. when I called in a lady there said they sent out the email 2 months earlier. yes, but if you read that email it sounds like you're supposed to look out for another email closer to the date, and that it's just a notification to get ready. I remember reading posts on here about people who submitted it after that initial email and they said it was too early. I just went ahead and submitted it because I dont want to repeat what happened last year. [link] [comments]  |
| Pay off a loan or accrued interest before capitalization? Posted: 30 Sep 2019 10:27 AM PDT So I just graduated in May, and my grace period ends in November. I have enough where I can either put toward paying off a loan, or put toward interest prior to capitalization but unsure which would be the better move. I'm planning on continuing to live my "student-budget" life for a few years to get these loans gone ASAP. 1 - 16,000 w/ 2.7k interest @ 5.84% 2 - 15,000 w/ 2.5k interest @ 5.84% 3 - 14,500 w/ 2.2k interest @ 5.31% 4 - 14,700 w/ 2.0k interest @ 5.31% 5 - 15,200 w/ 1.8k interest @ 6% 6 - 16,000 w/ 1.6k interest @ 6% 7 - 10,800 w/ 0.8k interest @ 6% 8 - 11,200 w/ 0.8k interest @ 6.60% So, any advice on whether it would be best to put money toward the total accumulated interest = 14.5k which would become capitalized, or pay off that loan #8? [link] [comments]  |
| Anyone have a list of which banks use which bureaus for student loan refinancing? Posted: 30 Sep 2019 11:33 AM PDT Title says most of it. I am looking to leverage my Transunion score/report for refinancing my student loans to get the lowest rate possible. Seems most banks are using Experian or Equifax. Does anyone have a list of what banks use Transunion? TYIA [link] [comments]  |
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