Can I be enrolled in any classes at half-time to qualify for loan deferment? Is there any requirement regarding the classes I take? Student Loans |
- Can I be enrolled in any classes at half-time to qualify for loan deferment? Is there any requirement regarding the classes I take?
- Refinance private student loans - best company
- Does anyone have a side gig to help pay down their loans?
- They don't go away, even when they're paid.
- Settling Student Loans?
- Missed IDR recertification. Consequences?
- Navient Interest Rate Went Down a Quarter of a Percent
- [Navient] How do overpayments work? Regarding, how to make the payment and what "advance my due date means".
- Consolidating loans before first payment in 12 days
- Do Grad school loans need a separate IDR application?
- Refinancing Parent PLUS loan - do I do it?
- Paying off capitalized interest before First Payment date
- Graduate Student headed for PsyD
- Should I use a loan to pay off a loan??
- Which IDR plan- IBR or REPAYE, expecting to do PSLF have about 30k in loans but am planning on graduate school
- Grad PLUS question regarding loan period/award year.
- My Loan Says I Paid Off This Month And Yet My Balance Hasn't Gone Down. Why?
| Posted: 01 Dec 2019 07:19 PM PST Possibly a stupid question--I recently discovered I don't have to pay back my loans as long as I'm enrolled half-time. Are there any stipulations regarding the classes? Would it be possible to take cheap and easy classes online to qualify for this? Or do they have to work towards a degree... Thanks in advance. [link] [comments]  |
| Refinance private student loans - best company Posted: 01 Dec 2019 11:59 AM PST I am currently 50k in debt from private loans and am looking to lower my monthly payment. Currently I pay $536/month. I rent a new manufactured home and have 1 son with the love of my life who luckily is not in student loan debt. We have decided that for now what's best for our family and our current goals is a longer term with smaller payments. I was thinking about refinancing with either FIGURE Student Loan Refi, earnest or Laurel road. Any recommendations? [link] [comments]  |
| Does anyone have a side gig to help pay down their loans? Posted: 01 Dec 2019 07:27 PM PST I have a full time job that pays pretty well so I don't want to look for anything new right now but I'm very impatient when it comes to seeing that huge number go down. I've been getting a little obsessive over finding ways to earn money outside of my job to help pay down my loans but I can't seem to find anything that will make a real dent. Does anyone have a side hustle they do to help make payments? [link] [comments]  |
| They don't go away, even when they're paid. Posted: 02 Dec 2019 12:26 AM PST My wife and I paid off one of our last state loans 2 months ago. We payed this one off in full, meaning we emailed the North Carolina Student Loan department, were told our full payoff amount, and payed it off in full the same day. A time to celebrate, right? No. A month later, my father receives a letter saying we need to pay 7$ to pay off our loan. We check the amount we paid to the amount we were quoted to pay, they match perfectly. Ok, they forgot to close our account, we will just email them and remind them that they were supposed to close the loan. Guess what, now we have a late fee and the account is still open, but has increased due to interest. Honestly, North Carolina, you are the scummiest of the governments in the States. There is a reason we left you, and we are thrilled to bring our talents elsewhere. The worst part is, this loan was supposed to be forgiven due to the work to pay it off aspect. We were going to be teachers, however decided to get our masters after a year of teaching. Well, North Carolina doesn't want its employees to be educated, and they will cancel your loan forgiveness program if you try to attain higher education. If you live in NC, I'm sorry. PS. Avoid Sally Mae at all costs. Drop out of college if you have to. [link] [comments]  |
| Posted: 01 Dec 2019 09:34 PM PST My student loans were taken over by a credit service after my school was shut down. I received a letter offering to settle the debt for half of what I owe, but I've heard negative things concerning settling debts. Can I get some more insight about this? I'm guessing I'll just bite the bullet and pay the full amount to protect my credit? [link] [comments]  |
| Missed IDR recertification. Consequences? Posted: 01 Dec 2019 09:27 PM PST I missed my IDR recertification last week. Do I have to reapply or can I recertify? What are the consequences for reapplying? Could this affect my PSLF? TIA [link] [comments]  |
| Navient Interest Rate Went Down a Quarter of a Percent Posted: 01 Dec 2019 05:29 PM PST I was wondering if anyone knows what may be the reason? My interest rate is still high, but is this tied to the market or something else? I recently sent them a large check, but I doubt that may be the reason. [link] [comments]  |
| Posted: 01 Dec 2019 10:43 AM PST I have $400 due this month. I would like to pay $1000. I was going to do an overpayment but I'm not sure exactly what that entails. If I choose "Direct an overpayment", does that take the $400 that is due and applies the remaining $600 to the rest of the loans (My settings say apply to high interest)? Also, if I make an overpayment what does advance my due date mean? I just want to pay extra per month and not have it affect anything else. Or am I thinking about this wrong? Apologies for the seemingly obvious questions. Just want to make sure this gets done correctly. [link] [comments]  |
| Consolidating loans before first payment in 12 days Posted: 01 Dec 2019 07:16 PM PST Hi Everyone, I may have SUPER messed up and I need help determining what to do. I have a little under 85k in loans and I make a very small salary in a very expensive city. I work in the public sector and have always been planning to pursue PSLF. I wanted to wait until I knew when exactly my loans were due before I pursued consolidation, because I knew that would end my repayment period. I submitted my application for my IDR Plan (PAYE) and for consolidation today (12/1/19), and my monthly payment on that should be like $140, which is manageable. When I logged in to do the application, I saw that my first payment is due on 12/12/19 it's over $900. I definitely can not pay that! My questions are:
I clearly have minimal knowledge. There is nobody in my family or friend group who can help me with these questions and I have been searching the internet and I am just completely overwhelmed trying to handle this debt situation. Please help me understand where to go from here! [link] [comments]  |
| Do Grad school loans need a separate IDR application? Posted: 01 Dec 2019 07:03 PM PST I like many others have just ended my "grace period" since school ended 6 months ago. I applied for IDR once in May and believed that it was going to be applied to all of my loans. However I have a statement that basically separated all the grad school loans from the undergrad and seemed to have put them in a 10 year loan payment. Anybody else in this situation? Do I need to reapply and submit a new IDR request to cover the grad school loans? I submitted an email to fedloans and will call tomorrow but just wanted to know if anyone had experience with this and if there's an easy fix. [link] [comments]  |
| Refinancing Parent PLUS loan - do I do it? Posted: 01 Dec 2019 08:20 AM PST I have two student loans: a private loan I recently refinanced with Earnest 50K @ 5.4% with a $550/month payment and a parent Plus loan with Navient $44,500 @ 7.7% and a $370/month payment - but most of it is interest lol. The Parent Plus loan is under my dad's name and I just pay it for him because we agreed back when I got into the "school of my dreams" that I'd take care of this debt. We have had some really rocky years and I don't talk to him that much anymore. His health isn't so good, we see each other occasionally, but the guilt trips aren't worth it. Currently, the interest is insane for my Parent Plus Loan. I just refinanced with Earnest and knocked my interest down and am starting to see actual progress on my total. My PPL - not so much. It's barely doing anything, this 7.7% is killing me, but I am terrified at refinancing that debt onto my name and adding more to my record and my credit score. I've been doing some research and it looks like I can get a refinanced loan through SoFi or somewhere for like 5-5.5% and it's like, wow, I could make a difference in my debt with a lower interest rate and a better time table of payments. I'd like to eventually get an apartment with my partner (we live with his parents and pay a small amount of rent because we can't afford anything else! bless!) and don't want to knock my credit when it's already been tousled with large debts and credit cards. I have a good paying job ($61k/yr) but having a cheap place out of the city means commuting and the trains are not cheap... Just looking for guidance: do I leave my loans as is? DO I refinance and take on that debt? I wish I could just abandon it and let my dad suffer with it but I morally can't. I've been paying my loans for 10 years and haven't made any progress on "life" while he lives comfortably. It just makes me sad. Thanks for letting me vent. Anyway, what do I do? Will taking on $44k make a huge difference in my credit score? For reference, I'm at 685 now.... SHould I just wait until he dies and hope its sooner rather than later? boy this is morbid. [link] [comments]  |
| Paying off capitalized interest before First Payment date Posted: 01 Dec 2019 04:08 PM PST Hi all, quick question about accrued interest capitalization during your deferment period. I wanted to pay this off before my payments began in order to lower my overall debt. I just graduated this year, so my first due date is 12/11. As of last month: I was in "Deferment" on all loans, and had around $5k in accrued interest. I had some banking issues with transferring money, and a 3 week vacation that I took to another country and didn't know what activities/expenses I would have, and started a new job in which I needed to wait to be paid/collect the $5k amount owed. Waiting is not a good strategy, but I waited. I thought that I would have until my payment date to pay off this interest so it didn't compound into the principle. Can't go back now, I should have paid what I could at the time regardless of my hectic travel. As of today: I am in "Payment" on all loans, and interest has capitalized. I am assuming it is because it hit December 1st - the month of my payments due? Again, I have 10 more days. But this is what my newbie brain thought. Any advice? Or am I stuck having it compounded? This would have really helped me out in the long run and my timing was terrible. Thanks all. [link] [comments]  |
| Graduate Student headed for PsyD Posted: 01 Dec 2019 08:28 AM PST I'm new to the sub (and I'm sure this question has been asked before) but is it a better idea to chip away at my student loans from graduate school (around 60k right now) or just jump into my PsyD program and consolidate the debt later? I have a good job and stable income and I'm worried about waiting any longer than I need to. I'm 35 and have multiple credentials but really want to finish as a psychologist (shout out to r/psychotherapy). Should I focus on the financial piece and wait or do I knock out school as quickly as possible? Thank you!!! [link] [comments]  |
| Should I use a loan to pay off a loan?? Posted: 01 Dec 2019 12:09 PM PST This is one of those things where you might have to explain it like I'm 5 years old. So if I belabor/mansplain any of these points, it's probably somewhat for myself. In my graduate program, I am awarded $10,250 worth of unsubsidized loans every semester. They're at about 6.60% interest rates. I take out the full amount each semester. I graduated with my undergraduate degree with less than $11,000 in subsidized loans. Each of those loans is at about 4.45% interest rate, but they haven't accrued any interest yet. I am coming up on my last two semesters in my graduate program. I'm currently around $53,000 worth of student debt. I pay $111 and some change toward my accrued interest every month. I don't want to break $70k in student debt. Next semester, I am being awarded around $3k in scholarships. My question is: do I take out $7k instead of $10k in loans because of the free money I'm getting in scholarships? OR do I take out the full $10k and use the difference in $3k of loans to pay off some of the earlier unsubsidized loans whose interest is already getting fairly hefty? If this doesn't make sense, I'll elaborate below. Thanks, everyone! [link] [comments]  |
| Posted: 01 Dec 2019 06:30 AM PST So I am currently in public service on year one of PSLF payments. I am in IBR right now and don't qualify I believe for PAYE as I took out loans starting in 2006. So I was considering REPAYE. I have about $30k in loans from undergrad and expect in two years to go to grad school and pay around $30k. I intend to complete the PSLF with a career in public health. Which plan would make the most sense? I am not married at the moment and don't see myself getting married for the time being. I expect my pay to be decently high but not exceptionally high, $60-90k. Repayment would be starting at year 2 on the first balance and year 0 on the second balance in terms of PSLF. The way I am reading it now, IBR makes sense if I expect my income to be high, as the max is capped at the standard 10 year repayment amount with that having an internal max at 15% of income, while REPAYE can fluctuate up to 10% of my income regardless of the standard repayment amount. So considering the standard amount for me now and in the expected future, as long as my income is higher than $55k or so I will have lower payments under IBR than REPAYE here. If I get married, even more so. Am I interpreting things right? Other than that REPAYE interest subsidizing would help me in the next two years. [link] [comments]  |
| Grad PLUS question regarding loan period/award year. Posted: 01 Dec 2019 10:14 AM PST I've just been accepted to law school (yay!), and I filled out and submitted FAFSA. I know I'll need to take advantage of Grad PLUS loans, so I got started on that process. I start for Fall 2020, and the 2020-2021 application doesn't open until June. That seems like it's pushing it close, so should I apply now for the 2019-2020 award year? Also, what would be my loan period? I'm attending a part time program which will take for years (Fall 2020-Spring 2024). I can only pick a loan period that runs until December 2023. Thanks for any and all advice! [link] [comments]  |
| My Loan Says I Paid Off This Month And Yet My Balance Hasn't Gone Down. Why? Posted: 30 Nov 2019 11:31 PM PST I have a loan with OSLA, for about $1000, with a $50 monthly payment. Friday before last, the 22nd, I got paid, and set up my payment to my loan, because it was nearing the due date. I waited till Monday, the 25th, for it to process, and it was proccessed Monday, and the payment was deemed OK. A few days ago, I checked my account, because I was wondering when it was going to charge my bank account, and according to the website, it has processed, and my loan is $50 less. However, according to my bank, Utah Community Federal Credit Union, I have not been charged for the payment. I don't know why it has done this, and I'm obviously not going to spend the money, for fear of being overcharged, but I would like to know if there's something I missed. The only thing I found on it was something about how it might take 10-14 days after it's processed, if I use EZ-Pay, but I don't have it set up to do that. Help please? [link] [comments]  |
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