Paid the last student loan off in full today. $50K down with $0 to go! Student Loans |
- Paid the last student loan off in full today. $50K down with $0 to go!
- repayment plan confusion
- Loan service provider is listing my graduation date as a later date than planned?
- Student debt and depression
- Using Available Debt to Pay It All Off
- 100k in loans.
- Student Loan Advice Pls
- SL interest accrues daily?
- How do income based repayment plans work?
- Should I pay off my last loan in full or leave a small balance?
- I’m-school status part time but may drop a class?
- This might be a really dumb question but I’m gonna ask it anyways
- Do I need to recertify my payment plan immediately if I have a new job that would raise my monthly payment?
- What are the best options for private student loans?
- Question about Sofi Refinance fine print - Finance charge and paying off early
- Past Due Balance Situation
- Large bonus and student loans
- Navient Default Payment Plan
- income-driven repayment plan request: HELP ME
- How to best manage these student loans?
- Would consolidating make sense for me?
- Refinance after not even 30 days???
- Question about refinancing with Laurel Road and timing of billing between my pevious lender and new lender
| Paid the last student loan off in full today. $50K down with $0 to go! Posted: 04 Nov 2019 03:36 PM PST Once my payment posts than I will have $0 due on my final loan. https://i.imgur.com/SEAlH9D.png All 8 out of 8 loans will be paid off in full. [link] [comments]  |
| Posted: 05 Nov 2019 02:12 AM PST Hi all! First timer with student loans & hoping for some answers. My student loans from graduate school are out of grace in December. I have applied and been approved for the REPAYE option. The confusion sets in surrounding the monthly payments... which are set to $0. They did not ask me to submit my current salary, but when I applied they did link to my latest IRS tax information. Question 1: do I need to submit my most current salary information? Feels wrong/evading-like that they do not have the most current info.... but also terrified of what that would change my monthly payments to. Question 2: I plan on paying monthly (avalanche method) even though my current monthly payment is $0. But, how does a monthly payment of $0 affect my future payments? I'm assuming that I would only accrue more interest & be screwed if I don't make any payments this whole year, right? Sincerely, Confused borrower [link] [comments]  |
| Loan service provider is listing my graduation date as a later date than planned? Posted: 04 Nov 2019 10:25 PM PST I'm planning to graduate in Spring 2020 but I just logged into my loan service provider and the anticipated graduation date there says 2022, which is when I would start paying back the loan. Do I need change that, or is it something that will get fixed once I graduate? [link] [comments]  |
| Posted: 04 Nov 2019 07:22 PM PST I have so much student debt that I will never be able to buy a house, etc. I sometimes contemplate suicide because of it. 😞 I have a bachelors in Christian Ministry. I was bi-vocational, but I as fired from a church because I was struggling with suicidal thoughts after my full time job hired someone to replace me because she had more "connections" than I did. Then my boyfriend dumped me and moved across the country. That was 2years ago. I took a risk and went back to school to get a degree I could actually use. I got a job at the university so I was able to go to school with a 75% discount. I was fired from that job because of infighting in the office and I was collateral damage. (Long story) I was fired on a technicality. That was a little over a month ago. I live on campus and have no where else to go. I cannot afford to live anywhere. I don't have my discount anymore so I can't afford to finish out this degree. I currently have $80,000 in student debt. [link] [comments]  |
| Using Available Debt to Pay It All Off Posted: 04 Nov 2019 11:23 PM PST Has anyone had experience using available debt to pay off student loans? If so, what was your experience? Were you able to sustain yourself without going into bankruptcy? If not, what was your bankruptcy experience like? [link] [comments]  |
| Posted: 04 Nov 2019 01:58 PM PST I have 100k in private loans from Aviation school I finally start work in a couple months, I'm getting married this summer, she has 0 debt. It seems so daunting and selfish to bring my fiancé into this mess. How do I deal with it without feeling so guilty?? [link] [comments]  |
| Posted: 04 Nov 2019 06:01 AM PST Hey everyone, I have about 23k of student loan debt which I know I am very grateful about especially compared to other people on this subreddit. I just wanted some advice on how to best approach this because I've heard several things from other people but I just want to pay this off the best way possible. The monthly payment as of now would be $222 a month and can afford paying that very comfortably. Edit: Make $65,000 and live with parents so practically no expenses. I have about 16k in total in my bank right now so I could potentially pay one of these loans off completely or take a good chunk out of each one. My first payment date is the 20th, so in a couple weeks, meaning its almost time!!! Thanks for you help guys. Here's a breakdown: Direct Sub Stafford Loan Repayment $5,500.00 (4.8%) Direct Sub Stafford Loan Repayment $4,500.00 (4.2%) Direct Sub Stafford Loan Repayment $3,500.00 (3.51%) Direct Unsub Stafford LoanRepayment $2,000.00 (3.51%) Direct Sub Stafford Loan Repayment $3,500.00 (4.04%) Direct Unsub Stafford LoanRepayment $2,000.00 (4.04%) [link] [comments]  |
| Posted: 04 Nov 2019 08:02 PM PST Realized wells fargo is charging me interest by the day. The interest gets paid before the principal. My statements don't even add up. Anyone else in the same boat? [link] [comments]  |
| How do income based repayment plans work? Posted: 04 Nov 2019 07:49 PM PST I graduated and I'm working in my profession. However, the only employer hiring in my area currently was hiring only part time workers. My income based payment calculator says I'd be paying 0$ a month. Thanks for the help and sorry if these are stupid, but I'm stupid with finances [link] [comments]  |
| Should I pay off my last loan in full or leave a small balance? Posted: 04 Nov 2019 08:09 AM PST I'm looking at getting an apartment in the next few months and at the same time will be making my last student loan payment. I was thinking of leaving the account open with maybe $50 left on it (interest rate is 3.6%, federal loan) while I apply for apartments so that closing the account entirely doesn't kill my credit score. My credit is already low mainly based on not having many accounts and also a short history. Is this advisable? [link] [comments]  |
| I’m-school status part time but may drop a class? Posted: 04 Nov 2019 03:19 PM PST I'm currently enrolled part-time in school, taking 2 classes. My status is currently in-school so I'm not making payments right now. I'm having a lot of personal issues and it's really affecting my work in one of my classes. My school does 7 week courses, I finished one class and recently started the second class for this fall semester. My question is, if I drop one class and go into grace period - will they time it from now to the spring semester (January) or backdate to the end of last spring semester? Is it better to just fail the class? Or will that end up showing not half-time enrollment either since I failed a class? I'm so confused and stressed out, so I really appreciate any advice. [link] [comments]  |
| This might be a really dumb question but I’m gonna ask it anyways Posted: 04 Nov 2019 02:45 PM PST So I graduated from my undergrad last May and I'm blessed enough to have parents who saved up to pay off all my loans in one sitting. However, my dad is afraid that if he pays it all off at once, it might affect my graduate school financial aid. Ie: Grad schools will think my parents make a lot of money (they don't) and they won't offer me as much loans. I don't think that's true...and I was always taught to pay off all your loans ASAP But I wanted to ask just in case. Thank you. [link] [comments]  |
| Posted: 04 Nov 2019 06:04 PM PST I'll try to keep this as short as possible but I'm super confused and just wanna make sure I'm not getting myself in trouble down the road somehow. I have a huge loan amount from grad school that I didn't finish (long story, but it's 6 figures). I was on a PAYE plan for the last year and only paid around $87/month. I lost my job in March and was mostly unemployed (I did some sporadic part time work, but nothing regular) until Aug. My plan is due for recertification in Nov, so they emailed me about it in like July and I went ahead and submitted it with my basically $0 income, so I have a $0 monthly payment. But like a week after I submitted it (and before I got the results) I got a new job, so I submitted another request to recalculate it with my updated info. The first one was processed successfully and I'm currently on a $0/month plan, and my 2nd one was rejected 2 days later and basically said "it's not time to recertify yet, but we'll recalculate it if you really want us to." I'm fine with my $0 monthly payment for the next year since my income is still low, but I'm worried that when my income tax documents for this year show an income much greater than the $0 annually I reported that it'll mess up my eligibility for forgiveness in 20 years or they'll try to collect back payments or something. [link] [comments]  |
| What are the best options for private student loans? Posted: 04 Nov 2019 05:33 PM PST I know that private loans are not the best option, but I have gotten all the federal aid I can for now, so I really have no other option but private loans. Given that, what are my best options in terms of easiest to get approved and the most lenient or consumer friendly? I only need to borrow around $7000 to $8000 and it would just be a one time thing. One more side note since I am not that knowledgeable about the details of loans... Are there certain cut offs for what credit score you need in relation to how much you are borrowing? Like would I have an easier time getting approved for a $5000 loan in comparison with a $7000 to $8000 loan? [link] [comments]  |
| Question about Sofi Refinance fine print - Finance charge and paying off early Posted: 04 Nov 2019 07:46 AM PST Hi, I just got approved for a SoFi refinance of my federal student loans. It's a 5-year fixed loan, and I plan to pay it off in about 3.5 years if all goes well. I've been reading the fine print, and I'm not sure what fees they'd charge at 3.5 years if/when I finish early. The "Finance Charge" of $3,964.68 matches the exact amount of total interest for the loan amount at the interest rate for 5 years. Paying it off in 3.5 years instead of 5 years will save me about $1000. But it says if I pay off the loan early, I "will not be entitled to a refund of part of the finance charge." So does that mean I'd have to pay the full $3,964.68 in interest "finance", even if I finish in 3.5 years? Has anyone else paid off a SoFi refinance early, and had to pay the full term's interest? Please clarify if you can, thanks! Here's the fine print about pre-payments:
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| Posted: 04 Nov 2019 12:15 PM PST Hello all, I apologize for any grammatical errors, I am in a rush, registration is next monday and I would ideally like this solved before monday. So I'm in my 4th yr going into my 5th yr of college (studying mehc eng). I took summer classes this summer and my parents were only able to pay part of the balance. Federal loans won't pay past due balances in my college and so I need a private loan. The amount is a little over 4k, and according to my universities alternative loan options (that cover past balances) I can borrow from these lender with these rate stated below: PNC - 4.520% To: 11.790% fixed Sallie Mae - 4.740% To: 11.350% fixed (would like to avoid them, ive heard nothing but bad things from sallie mae) Citizens Bank - 4.720% To: 12.040% fixed Suntrust - 4.060% To: 11.050% fixed Wells Fargo 4.990% To: 10.720% fixed Which one would be my best bet to get loans? I might not be able to have a parent cosign, so im not going to count on that. I cant afford the monthly payment service from my uni as i don't really make alot of money. I am trying to get a intership for this summer or a part time engineering job. If i land one i will be able to pay this off no problem. My plan is to get a loan, get intership and just pay off the loan this summer. Worst case scenario is i don't land a internship and I have to pay this off when i graduate. [link] [comments]  |
| Posted: 04 Nov 2019 03:58 PM PST If a person receives a large bonus, Is there any way to pay off student loans with that money and not get hit with an income tax on it? [link] [comments]  |
| Posted: 04 Nov 2019 11:54 AM PST Hi, I have recently fallen pretty far behind (5 months) on $90k of private Navient student loans. I have an additional $50k of loans through Earnest that I can still pay on time. I was on the Interest Rate Reduction program on these 90k of loans, but was kicked off the program after 3 years. I have been responsive to calls from Navient, and they have started offering me to go back on the interest rate reduction program but at a higher interest rate than I was paying before (3.5% vs 2%). I really do not want to default, but still can not quite afford that minimum. I have read stories of people who have been delinquent or defaulted on Navient loans, and been entered into a program where they ended up paying .01% interest on the loans? Does anyone know if/when Navient offers this, or if this is something that happens if Navient sells off the loan? I am trying to avoid default and litigation on these loans, and want to pay them back, but am struggling right now, and do not have enough for any kind of major settlement. Any information would be appreciated. [link] [comments]  |
| income-driven repayment plan request: HELP ME Posted: 04 Nov 2019 11:37 AM PST Hopefully you all can help me because I'm lost. My loan servicer is taking FOREVER to change my name after we got married in May. They're now saying it could take another 90 days for my name to be updated in NSLDS, which is how I would apply for my re-certification electronically. Since my application is due by November 27, they recommended I fill out the paper form. My husband and I were married in 2019. It asks "When you filed your last federal income tax return, did you file jointly with your spouse?" I put no because last year we were not married, is this correct? [link] [comments]  |
| How to best manage these student loans? Posted: 04 Nov 2019 01:11 PM PST Hello, just wanted to get some advice on how to better tackle these loans. Graduated with about 150K(all federal) of student loans in 2018.I'm making around 96K gross. 70K net. Putting 3000-4000 dollars monthly into these loans. I now have 104K left to pay. Thinking of paying off the smallest one by the end of this year and consolidating and refinancing the rest. I'm trying to pay off in 2 years if feasible. I have 12K saved. I live with my husband who pays for everything at this time while I pay the student loans, his gross income is similar to mine. However, he is looking to buy a house and would like me to help sometime next year. I don't have any other loans. Thanks for the help... Loan Breakdown ($40, 988, 5.8%), ($6856, 5.3%), ($57, 052, 6.8%. ) Total: $104,897 [link] [comments]  |
| Would consolidating make sense for me? Posted: 04 Nov 2019 08:23 AM PST Hi all: I graduated in 2012 with a marginal amount of loans (~35,000) but a massive amount of credit card debt due to half irresponsibility/half putting an entire semester on credit. For the past 7 years, I've been in and out of forbearance as I worked to pay off my credit card debt and have basically just kept up with interest without really hitting principal on anything besides my Perkins loan. My current payment is $375 a month on the federal and $120 every quarter for the Perkins. I am pursuing government/non-profit work so I hope to utilize PSLF eventually (fingers crossed it stays around..) as I will be starting grad school next fall after a year deferment so I am really only looking at federal consolidation options. I intend to continue making payments during grad school. Currently: Direct Unsubsidized Stafford 6.80% $2,432.11 Direct Unsubsidized Stafford 6.80% $2,164.03 Direct Unsubsidized Stafford 5.31% $10,504.37 Direct Unsubsidized Stafford 6.00% $6,544.87 Direct Subsidized Stafford 3.40% $5,332.33 Direct Subsidized Stafford 4.50% $5,496.15 I feel so ELI5 when it comes to my loans and how to handle them... Edited to add: Currently, I am on Standard Repayment. I have never applied for IBR. [link] [comments]  |
| Refinance after not even 30 days??? Posted: 04 Nov 2019 03:52 PM PST So I recently refinanced with SoFi, and my interest rate was 4.87%. Rates dropped like 3 days later. I just checked rates again for the same terms (with SoFi), and what I'm being offered now is .1% better. It's about a $8 per month savings. Should I do it? [link] [comments]  |
| Posted: 04 Nov 2019 10:22 AM PST I am trying to refinance my loans with LR and after 3 weeks they have finally approved my application. My loan amount at the start of the process was $39K and by the end of the processing it's $38.5k because I had an autopayment to Navient during the interim. When LR disburses to Navient on 11/12/2019, they are going to disburse the amount I told them my loan was for, which differs from the current amount and an overpayment will be made. What happens to said overpayment? 2) LR will disburse funds to Navient on Nov 12, 2019. They said this can take 12-14 business days to process. My autopay with Navient is scheduled for Nov 21, 2019 and my first payment to LR is on December 12, 2019. If Navient is slow to process, is it possible they will still auto-charge me my monthly $500 payment on 11/21, then a day later process the $39k check from LR? What happens then? Should I turn off autopay? I'm also worried if Navient charges me on 11/21 for $500 autopay, and then LR charges me $500 for my 1st payment on 12/12, that's $1000 in less than 30 days, which is sort of a double charge I cannot afford. Would the most parsimonious solution be to cancel my autopay at Navient a day or two before so they cannot charge me (will probably lose the 0.25% interest rate deduction for those few days however, and since Navient accrues interest daily thats a few dollars more I'd owe them, yuck. [link] [comments]  |
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