Does Naviant send you a certificate or something after your loan is paid off? Student Loans |
- Does Naviant send you a certificate or something after your loan is paid off?
- 5 Years and $192,000 Later
- Is my interest rate unreasonably high?
- Is there a way to tell if I paid off all my loans, from all different sources?
- When Should I Start Looking for Loans for Spring Semester and Who should I take them from?
- Need some advice, quick question:
- Loan spreadsheets or guide on how to make/personalize one?
- Is the easiest way to pay off school loans to just refinance them through a private loan?
- Interest capitalization date different from repayment start date
- Old loan in collections, FAFSA possible?
| Does Naviant send you a certificate or something after your loan is paid off? Posted: 08 Nov 2019 04:22 PM PST Seriously. Just paid off the last of these loans and was hoping they sent a certificate of achievement, a medal, or a damn trophy. Like a lien on a car, or mortgage on a house... My degree is finally paid off. Now I want the title! [link] [comments]  |
| Posted: 08 Nov 2019 03:53 PM PST I paid off my loans in just under 5 years. I am so excited about what this means for my career and my savings! My original principal balance was just over $138,000.00 with interest rates ranging from 4.5% to 7.9% (all federal). My household income has ranged between $95,000 to $120,000 while I have been in repayment. I focused my payments on my highest interest loans. I never made just the minimum payment and used the standard extended and graduated plans so I could direct more money to the principal of the high interest loans. There were definitely times I'd start to lose motivation or just get sick of always thinking about this massive debt. About halfway through, I felt defeated and I had a ton of anxiety about my job. I am a lawyer and was not enjoying my small firm/general practice. Around this time, I read Your Money or Your Life and found it really motivating. Not only to pay off my loans and monitor my spending, but to also seek out a job that I (1) felt passionate about, (2) actually enjoy doing, and (3) provided much better work life balance. I really lucked out in this respect. I left my firm on good terms and continue helping them out when I can. I had just finished a huge project for our little firm when I told them I was leaving and they offered me a really nice bonus to stay on. I knew I needed to move on for my mental health and, while they were disappointed I was leaving, they still gave me half the bonus. I don't really feel like I had to make extreme sacrifices to get to this point, but the loans definitely affected many of our larger life choices. We will probably only try to have 1 kid because we are getting a late start. I also felt very financially insecure because of my loans and now that they are gone, I think I'll be better positioned to take on some risks career wise. Now my plans include catching up on retirement and achieving financial independence. [link] [comments]  |
| Is my interest rate unreasonably high? Posted: 08 Nov 2019 11:50 PM PST I have $90,000 in loans ($67,000 in private, remainder government) and am paying 6% interest on the private loans. I make $50,000 a year with a credit score of 810. Currently I am paying $900 a month towards my loans as minimum payments ($550 of which is to private loans). I had thought that 6% was pretty good when I took out the loans (I have heard of rates at 13%) but now am no so sure [link] [comments]  |
| Is there a way to tell if I paid off all my loans, from all different sources? Posted: 08 Nov 2019 08:45 AM PST In college, I took loans out of multiple locations, and I feel as though not all of them contact me. I want to see if there is a centralized location where I can look up my identity, and see all of my loans. Any idea? [link] [comments]  |
| When Should I Start Looking for Loans for Spring Semester and Who should I take them from? Posted: 08 Nov 2019 08:53 AM PST Is now a good time to start applying for loans for next semester? And between receiving these from a lender or a bank, which is the best option? (I used up most of my gov :( ) [link] [comments]  |
| Need some advice, quick question: Posted: 08 Nov 2019 11:38 AM PST I've been working on my credit for a few years now and I've really improved my score. Over the past six or so months, I've been trying to refinance and today I've finally found a better rate with a lower monthly payment. Problem is that the read is only .53% lower and I'm saving just $20.00 a month. If you were me, would you go with this offer even though it's minimal? [link] [comments]  |
| Loan spreadsheets or guide on how to make/personalize one? Posted: 08 Nov 2019 06:50 AM PST I have multiple loans with the same provider, with different balances and interest rates. Is there anyway to put them all into a spreadsheet so I can see the overall difference being made as I pay toward my loans? My grace period ends this month, but I've paid off 2/9 of my original loans and am hoping to finish the 3rd by the end of this year. After that I don't anticipate being done until mid-end of 2021, so I'd at least like to be able to visualize my overall progress. My plan in terms of paying off is paying the monthly payment that was set by the loan company (it's the standard one) and then sending off additional payments (I get paid weekly) toward a specific loan number, so I don't know if a spreadsheet would be able to handle it all? [link] [comments]  |
| Is the easiest way to pay off school loans to just refinance them through a private loan? Posted: 08 Nov 2019 10:33 AM PST My grad school loans are serviced through Nelnet, and I don't have a problem with them per se, but I'm curious if the easiest way to pay off the loans is to refinance through a private lender like SoFi or Marcus, etc. I pay extra each month, and I'm actually ahead in payments, I've been paying for just over two years on the graduated repayment plan, and based on that plan's payment timeline, as long as I continue to make the minimum payments (and a little extra, I guess) I should be paid off in about 8 years from now IN THEORY lol. So my question is, should I just refinance through one of those private lending companies and commit to a x-year loan at y% interest and just be done at the end of x years? Is that the easiest way? I owe about $33K at this point, which obviously is not as bad as many people, but if there's a faster/easier way (aside from snowball/avalanche/other debt repayment methods) to pay it off, then I'd be open to it. Thanks in advance! [link] [comments]  |
| Interest capitalization date different from repayment start date Posted: 08 Nov 2019 06:44 AM PST So I had no idea the date that repayment begins wasn't the actual date that interest capitalization happens too. On my navient I kept seeing a date for 10/26 but once I clicked a specific loan it would say repayment begins 12/26. I called and everything to confirm when I'm supposed to start paying and customer service said 12/26, perf. But I wanted to be good and start paying my interest early so I did that when I could but I didn't finish all of it. Today I went to do it again and found that I barely had any interest because it was ALL IN THE PRINCIPLE. Is this just common knowledge and I just missed it???? Here I was thinking I was being good and getting a head start but apparently not :/. [link] [comments]  |
| Old loan in collections, FAFSA possible? Posted: 08 Nov 2019 02:59 AM PST TL;DR: Can I get FAFSA if I have an old Sallie Mae loan in collections? My #1 mistake in life was going to Sanford-Brown College. You know the one, it that had the Le Cordon Bleu program. Well, anyway, that was in 2006. I went for a couple months before I realized that they were liars/scammers. But in that short amount of time I racked up 10k. You read that right. So, being 18 and jobless I decided not to pay the loan back - another big mistake. A few years ago my husband and I were deciding if we could buy a house, but my credit has always been bogged down by this loan so my score was low. None of my reports said anything about the loan, which was in collections hell I guess. I had to call half a dozen people just to figure out who had it (I don't remember now lol). Now, I'm 33 and what I thought was the perfect job turned into crap. I need to decide what to do with my life, but before I do I need to know if college is an option. I could go full or part time, but only if I had some aid. Is it possible to get FAFSA if I have a very old student loan in collections? [link] [comments]  |
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