My EFC dropped $7K from last year. Did I do something wrong? Student Loans |
- My EFC dropped $7K from last year. Did I do something wrong?
- $150K in Loans Is it better to pay the minimum or try investing more at a higher rate?
- Parent Plus loans
- Unsubsidized federal direct stafford loan help
- I can't tell if im actually behind on my student loans?
- Discover Student Loans High Percentage?
- Question about loan refinance
- While my discharged federal student loans are under the 3-year monitoring period, would I have to report a private sale of my car to Nelnet, or do I only have to report income received from work?
- All these large numbers
- How bad are student loans?
| My EFC dropped $7K from last year. Did I do something wrong? Posted: 28 Nov 2019 12:43 PM PST My mother and I declined to list our assets, but we gave our tax information through the IRS tool. My EFC dropped from $8K to $1K. Last year was my first year filing taxes, but would that really drop my EFC that much, or is something missing? [link] [comments]  |
| $150K in Loans Is it better to pay the minimum or try investing more at a higher rate? Posted: 28 Nov 2019 05:19 PM PST I'm getting screwed over right now with around $150K in student loans. Current strategy is to pay the minimum each month under the REPAYE plan and try investing my savings in the 401K and other equities etc.. since the interest rate is roughly higher hopefully than my loans... and then wait for 25 years to have the loan forgiven and pay off the tax. Is this is a viable strategy? [link] [comments]  |
| Posted: 28 Nov 2019 09:41 PM PST I'm in the process of paying off my Parent PLUS loans (technically under ownership of my parent) and now that my brother has parent plus loans, it has complicated the process a bit with autopay and such. Is there any way for me to transfer the legal responsibility for the loans to myself? Google says no and says that you have to privately refinance in order to do so. I attempted to do just that and was denied by a couple private companies that specialize in just that. Will it do any good to contact the federal student loan office and talk to them, or is it a waste of time? I'm currently making excess payments every month and am on track to pay them off myself in under half the scheduled period, whereas my parents can't afford a dime. It seems to me that it would be extremely foolish financially for the Feds to not allow me to transfer into my name. [link] [comments]  |
| Unsubsidized federal direct stafford loan help Posted: 28 Nov 2019 06:16 PM PST This loan states that you pay off the interest of the lone from the first day you receive it, however I'm confused whether or not the roughly 4.5% interest rate is a monthly payment of 4.5% of the loan, or if it is divided up over the course of the year into smaller payments that total to 4.5% of the loan. Any help would be greatly appreciated. [link] [comments]  |
| I can't tell if im actually behind on my student loans? Posted: 28 Nov 2019 11:32 AM PST I had them in remission, or whatever its called, for a year and a half. I finally got a steady job and began paying loans down starting roughly around August or September. Relevant Information: $42,866.34 is the current balance. $377.72 is the unpaid interest. On my payment plan, my monthly payment is $146 and will slowly increase. I may just opt for the extended plan at $200 or keep my current plan but pay $200 every once in a while. I work in Finance and my 45k a year now. Given the current pay scale and job general career track, i should be making 50-65k in the next 5 years. I can't remember, but my interest rate isn't above 5.7%. These are all public through great lakes. I could tell something was off, i think i was behind by one or two payments. So this month, i paid twice instead of once. I just submitted my payment. Its weird because it says the payments are due before my paychecks hit. Its saying 308.90 is due on December 14th, but thats assuming i don't pay this outstanding amount....it should hit well before the 14th, and being caught up,i should be able to move when i pay my loans (preferably the first check of the month). So am i missing something here? On a scale of 1-10 how bad is my situation? I don't have any other debt, no car payments, no car, and i'm able to save/invest roughly $600-$800 a month...6/10 on the scale? lmao [link] [comments]  |
| Discover Student Loans High Percentage? Posted: 28 Nov 2019 06:59 PM PST Hello Everyone, I currently go to an in-state school and fortunately, my parents paid for my first two years of university but left me to do the rest. I've kind of been trying things, after maxing my Federal Loans -- I got a Discover Loan. Since I have a good GPA and all it's at 9%ish, which I have now realized is basically highway robbery... Are there other student loan providers that are in the 4%-6%? I've research SallieMae and all but I'm still reading.. I thought potentially someone here could give me some insight! Thank you! [link] [comments]  |
| Posted: 28 Nov 2019 11:07 AM PST I have $24,000 in private loans that I want to refinance and another $47,000 in Federal that I'm doing IDR for. When I'm applying online to these different online loan refinance places am I able to tell them that I want my private loans refinanced only? It seems like they are wanting to refinance my federal loans which I don't want to do. Also can anyone recommend a lender? I'm not satisfied with the payment options and interest rates that I've seen so far. I've checked Laurel Road, and Sofi so far. [link] [comments]  |
| Posted: 28 Nov 2019 04:56 AM PST I sold my car for $1800 back in October in a private sale done through Craigslist to a private party, so I wonder now whether I have to report that private car sale to Nelnet when the next (and last) yearly financial check-up comes around. I didn't sell it within the line of my duties of the job I had at the time; it was a personal sale, so hopefully that doesn't count as something I have to report to Nelnet, or does it? Anyways, my 3rd year of that monitoring period will arrive September 2020, so only 10 more months until I'm hopefully out of the woods of those student loans for good! [link] [comments]  |
| Posted: 28 Nov 2019 03:36 AM PST Hi all. I keep reading about all of these huge numbers with regards to federal student loans. Outside of medical degrees, isn't the limit somewhere in like the 130K range? Just very interested to hear how people or schools get around that kind of limit. [link] [comments]  |
| Posted: 27 Nov 2019 06:24 PM PST My father took out student loans in order to get through college and he is only just now paying them off (he's in his late 40's). That being said he was a high school teacher for the majority of that time, and they don't make that much. Plus he's lived a pretty decent life from a financial point of view and he may considered upper-middle class. However, everyone I know says not to take out student loans and to look for scholarships and cheaper schools. So are loans as bad as everyone says or is the case of my father something plausible? [link] [comments]  |
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