So annoyed, Nelnet took out money after I paid them off! Student Loans |
- So annoyed, Nelnet took out money after I paid them off!
- Opt to NOT defer loans
- When should I overpay on my monthly payments?
- NEED ADVICE - Student Loan Payments due Soon and I am STRESSED
- Payments are getting refunded, can't pay anything on my student loans?
- College Ave Repayment
- Student loans
- Been making minimum payment on student loans for a year - and today I owe about $1000 more than I did a year ago?
- Lost Financial aid eligibility. Will I loose federal loan eligibility as well?
- Owing Money after withdrawing
- Graduated Repayment + Deferment
- Am I overthinking refinancing Parent Plus Loans?
- $35,000 Student Loans in Default; Steps to Get Out of This Hole?
- 3 month forbearance before going overseas?
- Where to get a student loan ?
- Trying to decide between Variable and Fixed Refi
- Who else has loans serviced by MyFedLoans?
| So annoyed, Nelnet took out money after I paid them off! Posted: 02 Dec 2019 03:33 PM PST I paid off my loan in full a couple of weeks ago and canceled all the autopayments. I showed a balance of 0 and frigging Nelnet took out a payment anyway and now I have to call them to see if I qualify for a refund? Wtf?! [link] [comments]  |
| Posted: 02 Dec 2019 08:32 PM PST I'm considering going back to school for my masters. I'm currently paying back my BS loans and I'm also working. I'm fine with paying my loans while I do my Master's degree. My schedule allows for me to work and do this accelerated program and I get some reimbursement from my employer. I do not intend to take out loads for my MS degree. Do I have the option to continue paying my loan while I go back to school? Can I decline the deferment? I'm trying to pay these loans off in 5-7 years vs 10. [link] [comments]  |
| When should I overpay on my monthly payments? Posted: 02 Dec 2019 04:25 PM PST Hi all. My loan payments start this month. I'm responsible for my federal loans ($185/month) and the Parent PLUS loans ($285/month). All loans are with FedLoan Servicing/PHEAA. Right now, I have auto-pay set-up for my account and my parent's account. I plan on paying the graduated rate until my tax refund next year. With that, I'll use the tax refund to pay off the highest interest loan (one of the Parent PLUS loans) or split it between my total loan balance and the total Parent PLUS loan balance. My questions are: Should I overpay right away? If so, by how much? Should I wait until I get my tax refund and then start overpaying? Should I focus on saving first (rainy day fund, etc.) and use extra money to pay extra? [link] [comments]  |
| NEED ADVICE - Student Loan Payments due Soon and I am STRESSED Posted: 02 Dec 2019 07:06 PM PST Hey everyone, I have federal student loans through Sallie Mae for three years of out of state tuition so you could imagine my loan payments are high. I graduated in May and just started working a couple months ago and the job pays well but not well enough to make these payments every month. Sallie Mae's loan postponement and graduated repayment programs are not very good and just delay/raise payments. Do you all have any advice on what I should do or what route to take in trying to lower payments by stretching my loan out or what to do if I can't pay. Any advice will help. Thanks guys and gals. [link] [comments]  |
| Payments are getting refunded, can't pay anything on my student loans? Posted: 03 Dec 2019 12:59 AM PST Hello everyone, I wanted to ask if anyone else has gone through this or know what is occurring. I currently have around 9k in loans and have applied for the borrowers defense for Everest, that application was done 3 to 4 years ago. I have always made payments just to cover the interest and maybe a little more since I applied, however just recently last month any payment made will get refunded to me by the Department of Treasury in a check, I can't pay off any interest or principal and it's sort of stressing me out seeing my balance rise and rise without being able to do anything, yes the balance still shows on Navient. Anyone in the same boat or know what's happening or if my loans are finally being dismissed? Thanks. [link] [comments]  |
| Posted: 02 Dec 2019 05:37 PM PST I recently refinanced with a different student loan carrier (approx 2 mos ago). I accidentally overpaid but I still haven't gotten my refund. Has this happened to anyone else? If so, how long did it take them to repay you? [link] [comments]  |
| Posted: 02 Dec 2019 10:33 AM PST I just graduated college I'm 80,000 in debt for 4 years Does that amount seem too high. [link] [comments]  |
| Posted: 02 Dec 2019 08:41 AM PST EDIT: Found the answer. I was comparing what I owe today to the original amount of my loans. I didn't realize interest had been applied when I started paying. (Graduated May 2018, started paying loans November 2018). My account deletes old statements but my December 2018 statement shows a total of 83K+ owed. So, I have paid off about 6K. Am going to take posters advice and get a lot more educated on how loans work. Original post: Hi, I wanted to see if other people have had this experience. When I graduted I owed about $76,500 in various student loans. I've been making my minimum payment of $934/month every month. Today I owe a little over $77,500. What gives? Between 5 loans, my interest rate varies from 5%-7%. I'm just super confused, I know there's interest, but how do I owe more than I did at the beginning? Also, does this mean if I keep paying the minimum, I will owe $1000 more every year? Sorry if these are dumb questions, thank you in advance! [link] [comments]  |
| Lost Financial aid eligibility. Will I loose federal loan eligibility as well? Posted: 02 Dec 2019 10:47 AM PST The above. I know I won't get fasts aid, butbdoes that mean there going to reject my federal loans as well? This is for a masters if that helps. [link] [comments]  |
| Posted: 02 Dec 2019 07:02 AM PST So I have a weird issue. I've never heard of anyone else having this problem before. So I withdrew from my classes in Spring 2019 and I owe money back on my scholarship and loans. I wasn't expecting to have to pay it back, so I tried to petition my school for a refund. Unfortunately it was denied, so I still owe the money back. I've had to take off summer and fall because I can't register for classes when I owe money to the school, and my credit is too horrible to qualify for any outside loans. I really just want to take classes this spring, but I'm running out of options and my university's financial aide department is really no help. Has anyone else experienced this issue? [link] [comments]  |
| Graduated Repayment + Deferment Posted: 02 Dec 2019 06:59 AM PST I am currently on the graduated payment plan where every 2 years my payment goes up. This is over a period of 10 years, so 5 total payment increases. I recently started a masters program and my loans were automatically put in deferment. I'm still paying the interest but wanted to know if this deferment pushes my graduated payment back for the length of time it's in deferment. So, basically my payment was set to increase in August of this next year but that was before deferment. Will it still go up this August? Or has my "graduated repayment clock" been paused until my loan is out of deferment? Thank you for the help! [link] [comments]  |
| Am I overthinking refinancing Parent Plus Loans? Posted: 02 Dec 2019 08:43 AM PST I'm looking to refinance my Parent Plus loans under my dad's name to my own. I recently committed to selling all my stocks to do this aggressively. The total loan is 97k. For the past two years I've been already paying the checks, but my dad got laid off recently and shouldering this debt is tough especially if he wants to take out more personal loans. I have about 35-40k sitting in the bank. And I want to apply for Laurel Tree or SoFi. Should I: 1) Send the money to my dad to pay a chunk of the loan away, then apply to refinance a smaller amount? 2) Apply for a loan, refinance, then pay the huge chunk under my name? Don't understand the pros/cons here. [link] [comments]  |
| $35,000 Student Loans in Default; Steps to Get Out of This Hole? Posted: 02 Dec 2019 12:27 PM PST Hello, So I graduated from University in California back in 2013. I made the minimum payments up until 2016 and then just stopped paying them. Just flat out stopped logging into the student loan site due to not even having more than $40 to get me through to the next paycheck. I've not paid my student loans since then and since 2016 I've worked only in the Cannabis industry in states where my paychecks have to be in cash, so the government has never taking any money out of my paychecks. I'm really tired of getting anxiety whenever my phone rings a random phone number. I usually google that number and almost always states it's a Robocaller or Spam number so I don't know who to trust. Honestly I don't even know which steps I should be taking to correct this mess I'm in. The original loan when I got out of school in 2013 was $35K and I brought it down to like $32K in 2016 before I stopped paying altogether. I'm guessing (and I'm really only guessing) the next step is to like call the IRS and set up some sort of repayment agreement where I promise them I'll pay a certain amount and in return they don't take out money from my paychecks? I'm ready and wanting to work in a different industry away from cannabis; some place where I can get direct deposit and not worry about Uncle Sam taking away what little I'll be making. Thank you for reading. I'm all ears and can answer any questions as I'm really wanting to put this student loan debt/default behind me. I don't think the Nelnet holds the loan anymore and believe they've sold it to the Dept. of Education? I'm guessing that's where it goes? [link] [comments]  |
| 3 month forbearance before going overseas? Posted: 02 Dec 2019 07:33 AM PST i've searched posts and anytime anyone asked about forbearance they are usually told to steer clear of it and instead try to increase income by other means. i had to take out about 45k in loans from sallie mae in 2012-2016. since SM split to form navient i have $12.5k left for sallie mae @12% and $25k left for navient @3.4%-6.8%. between the two, my monthly minimum payments are $600 but i really am not able to pay over the minimum (i make 11.50 an hour full time, my first check goes to student loans and my second check goes to living expenses/gas/food). my fiance is australian so i'm applying for a working holiday visa to go there for a year+. in preparation for leaving i'm considering forbearance to get settled and find a job before i resume payment. the visa/flight cost quite a bit plus i need to show bank statements before i get there for the WH visa so forbearance would give me a chance to cover everything without the stress of monthly $600 payments but i don't want my monthly payments to skyrocket after the 3 month period. i know with income based repayment while working in another country it's possible to pay $0 monthly but i don't think that would apply to me until i file my taxes for 2020. i've asked sallie mae and navient for details about switching to IDR but navient told me i had to be working full time(?) and sallie mae advised me against it since there "wasn't much left" to their loan. to my understanding i shouldn't try to refinance the public navient loans. sofi wasn't able to help me refinance the private loans for sallie mae and earnest's monthly payments were only $20 less. considering all of this would it be more wise to file for a 3 month forbearance until i can set up IDR working in australia or should i continue making monthly minimum payments as i move? [link] [comments]  |
| Posted: 02 Dec 2019 10:55 AM PST Hello there, I've been surfing the web and looking at websites where I should apply for a loans but I'm kind starched out and I don't know which one to apply to. The current amount I owe for this fall semester is 4000 and my credit score is 720. I'm also in the US. Thank you any help is appreciated(: [link] [comments]  |
| Trying to decide between Variable and Fixed Refi Posted: 02 Dec 2019 09:50 AM PST Hi all. Have two loans. Mine is $198,000 currently on a 7 year refi at 3.875% with Sofi, and my wife's (which I cosign) is $92,000 on 7 year refi at 3.875% with sofi. Looking to reduce the overall cost of loan, willing to pay more per month. I have found refi offers of 3.21% fixed 5 year with common bond and 1.99% variable 5 year with Earnest. Most blogs I'm reading say that interest rates are expected to probably go down again before they go up, so that would suggest a variable rate loan would be less risky at least in the short term, and could save me $10k+ dollars, still, somehow the idea of a variable rate loan kinda makes me nervous. Thoughts? [link] [comments]  |
| Who else has loans serviced by MyFedLoans? Posted: 02 Dec 2019 12:04 PM PST I have 13 Stafford loan accounts all serviced by MyFedLoans, and I'm continually aggravated by how lackluster their website is. Given that it's the ONLY reliable way to interact with debt that amounts to more than helf my yearly income, you'd think borrowers would be given more control to see details of their debt situation. Some things I can not accomplish on MyFedLoans:
I should also add I'm a UX designer so I've noticed so many ways that the site could be improved to EMPOWER borrowers to actually take action on their debt situation. I'm looking to commiserate. And am also wondering if anyone knows of any analytical tools that can help us track details of our loans? Like a tool I can plug my fed loan info into and it pulls data and lets me manipulate it? or even something where I manually enter my loan info and manually use it to track more insights? [link] [comments]  |
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