Did my taxes today. Realized I spent 1/4 of my net pay on loans this year. Student Loans |
- Did my taxes today. Realized I spent 1/4 of my net pay on loans this year.
- First Month of Tackling This Beast
- Future Grad student planning on taking loans for PT School.. help??
- Advice on school debt: $48,000
- NSLDS letter in the mail
- I feel like most people with student loan debt will not fully pay it off. College is a scam.
- My friend is filing taxes and he asks me this question...
- Heartland ecsi is an infuriating website
- Somewhat complicated question
- Going back to school
- Hoping for Sanders to Forgive Student Loans
- Parent Plus loan advice
- Pharm school loans.
- Wife needs help with Student Loans
- Sallie Mae 1098-E
- Today, my son received an email from SIXUP.com telling him, Sorry but we aren't disbursing your loan, after all, 3 weeks into the new semester due to a series of unforeseen circumstances.
- I have a question.
- Stay at home mom with defaulted loans
- Starting repayment on student loans today. I have no idea what I'm doing. Please help?
- What is the best strategy for me to pay off $70k in undergrad loans when I still want to go back for my masters?
- Need help with FFEL loans and new payment plan
- Just wanted to clarify if I am doing the ECF/PSLF process right.
- Private loans in recovery?
- Best options for the last two years of college?
| Did my taxes today. Realized I spent 1/4 of my net pay on loans this year. Posted: 30 Jan 2020 06:38 AM PST OOF. End of year recap: Started 2019 with $85,617.04 in loans. Paid $24,085.94. Now at $61,531.10 (just made a small payment/probably accrued some interest) Things I'm proud of:
I'm 31 and have no idea if I'm doing well or not. I'd love to be debt free by the time I'm 35, but I also want to buy an apartment, max out my retirement every year, and have a nice life, so we will see. Just needed somewhere to post this. [link] [comments]  |
| First Month of Tackling This Beast Posted: 30 Jan 2020 05:01 AM PST One Federal loan, 127.5k. I got on a written budget, worked my full time job & side gig, sold extra stuff, pulled from a couple of small investments, and was able to pay 4x my standard repayment of 1000k. 127.5k down to 123.8k. My interest is about $800 per month, so my extra payments are going straight to principle. Who's with me? Let's keep it going. Let's get our lives back. [link] [comments]  |
| Future Grad student planning on taking loans for PT School.. help?? Posted: 30 Jan 2020 10:32 PM PST I'm new to loans..During undergrad, I got the opportunity to go to a public school with scholarships which made it very affordable to pay off and I ended up being loan/debt-free. I also commuted from home so the only thing I was paying was just tuition. Now, I just got accepted to a Public PT school in Texas that is 40k in tuition ( for the whole program) and room and board will probably be 15k for 3 years ( rent 400 a month+ food, etc) Sadly I won't be able to obtain a job while in school so the only option to pay for school is to obtain a Loan prob 60-65k. I'm asking the people of Reddit, What loans should I get federal or private? and where should I go to obtain the loans and who do I contact to get better information? What is a good interest rate for a loan? are there any "hidden/additional" fees I should be worried about? Thanks :') [link] [comments]  |
| Advice on school debt: $48,000 Posted: 30 Jan 2020 06:33 PM PST Hello, I know my amount of school debt is far less than most people, but I was wondering if anyone had advice into not thinking so much about debt and the pressure that come along with it (interest building everyday). My fed loans are accumulating daily with 6% interest. The school loans I took out were for my Masters in counseling from a private university, which now I'm beginning to regret. I'm two classes away from finishing, but there has been issues about completing my internship, which is a whole different story. I feel like it's beginning to take a toll on my mental health and I don't want to be constantly worrying for having debt. Any advice or tips to not overthink or help with paying debt would be greatly appreciated. [link] [comments]  |
| Posted: 30 Jan 2020 06:31 PM PST I got this letter in the mail. Seems super scammy. I wanna just confirm it is a scam so this way no one else can fall victim to this bullshit. I bet they sent thousands of other things like this to others as well so I guess the more public knowledge it is, the better! [link] [comments]  |
| I feel like most people with student loan debt will not fully pay it off. College is a scam. Posted: 30 Jan 2020 09:09 PM PST Its going to take me many years to pay off my student loans and I feel like I should put it on the back burner and pay it off a little at a time and make other things my first priority. It's still a priority but maybe like a third of fourth after food, water and healthcare. Don't go to school for art unless you're going to be an art teacher. If you can just go to community college. [link] [comments]  |
| My friend is filing taxes and he asks me this question... Posted: 30 Jan 2020 08:52 PM PST So he wants to know if since his taxes were offset last year for student loan payments is that considered making a payment on his student loans? Does anyone know or is that even something valid? I've filed taxes numerous times and I've never seen that question. [link] [comments]  |
| Heartland ecsi is an infuriating website Posted: 30 Jan 2020 04:15 PM PST I was trying to print out my 1098-T statement but every time I click "view/print statement", it opens up a tab, loads, then it just shows me a blank page. I've tried turning off the pop-up blocker, and listened to their advice to an employee on live chat to clear cookies and cache, but it still wouldn't show me my statement. I've tried this on three different devices and I still had the same result. I've been trying to figure out a way for more than an hour. And now their website is taking about 3 mins to load between pages so it's going to take even longer to do anything. Though if a lot of people are on the site right now, that could explain the long load time. [link] [comments]  |
| Posted: 30 Jan 2020 07:56 PM PST So my girlfriend completed her first year of college in 2018, and filed her fafsa under her aunt and uncle as they were her legal guardians at the time, and was not offered much money at all to pay her tuition. She has a bill still from the spring semester, and cannot re-enroll at that college or get transcripts to another school without it being paid. Is there a way for her to pay this from a student loan so she can continue schooling? Now she filed fafsa under her mother she has the money available to her she would need. [link] [comments]  |
| Posted: 30 Jan 2020 07:49 PM PST Recently decided to go back to school after having a difficult time finding a job with suitable income. Any suggestions to avoid loans as much as possible? For my undergrad my parents filled out the FAFSA so this is the first time for me. Looking to getting my BSN. Also, not planning on working and need childcare. What do you all do to get funds for that? [link] [comments]  |
| Hoping for Sanders to Forgive Student Loans Posted: 30 Jan 2020 07:24 PM PST I'm projecting that my spouse and I will pay off our loans (roughly $30,000 currently) by the end of this year. Given how well Bernie Sanders has been doing in the polls in the lead-up to the Iowa caucuses, though, and given the fact that this caucus has accurately predicted the Democratic nominee since 1992 (where even then, one of the candidates won because the others, including Clinton, ignored the state because the winner represented Iowa in Congress), I am seriously considering just making minimum payments in the hopes that Bernie will win and implement an executive order or sign a bill to forgive all student loans. All of the loans that I owe are non-private from undergraduate and graduate schooling. I am currently paying on them aggressively, but I feel like I am almost wasting the opportunity to possibly save with the ever-increasing chances that Sanders will win. What do you think? Should I plan for the worst and continue aggressively making payments, or should I make minimum payments and potentially pay more in interest if Bernie loses and/or doesn't implement this forgiveness? [link] [comments]  |
| Posted: 30 Jan 2020 07:19 PM PST Hey everyone! I (23) just graduated from a university in December. I have about $31,000 in subsidized and unsubsidized loans that I plan to refinance through Earnest to get a lower interest rate. Along with this my parents agreed to take out a ParentPLUS loan which I promised to pay back. So my question is, do I refinance the ParentPlus loan ($29,000) along with my other loans? Or what is the best way to get the interest rate down on the ParentPlus loans? I am confused about the parentPlus loan since it isnt in my name, but I will be paying it. I honestly just dont know how to go about it! Any advice would be appreciated! Edit: I'm not completely sure I want to put the ParentPlus loan in my name. The reason being and sorry this is kind of grim but my parents are pretty old and if they happen to die before I'm done paying them off the loan wont fall back on me. [link] [comments]  |
| Posted: 30 Jan 2020 03:09 PM PST Hey, so I feel kinda lost and getting very differing advice. I have about 170k in undergrad and grad school loans. I signed up for the pay as you earn l, with intent of paying 20 years and be done. But now I am hearing that that never happens. My bigger loans have about 5%-6.8% interest on them. Should I refinance? I am worried about losing the options like deferment and stuff. [link] [comments]  |
| Wife needs help with Student Loans Posted: 30 Jan 2020 11:50 AM PST Hey everyone, not sure if this is the post place to post about this but my wife is getting screwed and i feel like Reddit is a good place to figure some stuff out. Below is an email she sent to a student loan consultant which they were going to charge her $100 for 30 minutes of their time (yeah, no) so i told her i will post this online. i would love to help her but i dont have a lot of experience with student loans. i graduated college with a CS Engineering degree but i worked the entire time for a company who paid for a portion of my degree and my loans are very minimal. anyways, here is her email to the consultant: "My name is ____ and I'm a 25 year old recent graduate (graduated December 2018) and am looking for the best option in a consult with you. I'll provide you with a little background information: When I began paying back these loans, based on my income, my payment was $25/month. The interest added each month was roughly $50 so needless to say, this payment was not going to do much of anything for my balance. I began paying $100 each month. After about 8 months of making payments of $100, I called my loan company to see how much progress I had made. I was informed my balance had only gone down by ~$60 as these payments were going almost 100% towards the interest. I learned the hard way that I was not as well informed as I though in making these payments. I know now unless you specify where you want these excess payments to be applied, it will go to the interest amounts. I called my loan company again and explained I wanted to make an excess payment and would like to allocate these amounts to XYZ. The woman I spoke with informed me they do not have that option with their company and I may not make any payments that do not include interest paid. Needless to say, I am feeling defeated and pretty helpless. I am "paid ahead" until the end of this year, so I have not made any payments since November 2019 as I wish to speak with someone who can help me figure this out the best way." so, any advice on moving forward? FYI: She only owes 20k through Great Lakes but we are trying to get on top of it now. thank you! [link] [comments]  |
| Posted: 30 Jan 2020 04:28 PM PST Does anyone know where to find your Sallie Mae 1098-E on their website? I've literally looked everywhere in my account and I cannot find it [link] [comments]  |
| Posted: 30 Jan 2020 04:24 PM PST Has anyone heard anything regarding Sixup? We called them and got a recording saying they can't take the call due to high call volume. [link] [comments]  |
| Posted: 30 Jan 2020 04:05 PM PST So i was without a job for a period of time and was able to get my student loan payments down to 0 for a year. Since then i was able to get back on my feet and now I'm having to re-authenticate my income driven payment plan. So here comes my question. One of the first questions they ask is about family size and if you have any children (including unborn). How would they know if you and your partner miscarry, could you potentially get in trouble for claiming a child and it passes before birth? [link] [comments]  |
| Stay at home mom with defaulted loans Posted: 30 Jan 2020 11:16 AM PST My loans are in default, around $75k. I've been home with out 3 kids and only had part time work here and there. We got married in 2017, but have been together since 2007. I used to be on IBR owing $0, but then I recertified a few years ago and they couldn't determine my income, even though I included my 1099 pay, my fiancé's pay, and a letter explaining that I was home with our kids and he paid living expenses. I tried to fight it b couldn't afford the regular payment so let it default. Now I'm hoping to fix this. We are considering a home purchase within the next year in PA. We are considering having the mortgage in his name with me on the title, but will they look at my debt payments/credit anyway? He has student loans on IBR and some private ones ($11k) at 11% that I am trying to convince him to refinance for a lower payment. I've calculated DTI and everything for him, but I do not know whether my loans, if I rehab them or not, will be considered if he is the only one applying for a mortgage. I don't want my default status to drag him down or my repayment amount to affect his DTI (he has ample opportunity any time for OT as needed, so not a concern for paying at all). We have used mostly Dave Ramsey techniques for paying down other consumer debt and are trying to get serious about these loans. We are both mid 30s with 3 kids and sick of our 600 sqft' 2 bedroom in-law suite apartment so want to move, whether into a rental or a home of our own (preferable). Has anyone gone through something similar with refinancing student loans before a mortgage or one spouse with defaulted loans rehabbing them and being checked for credit on the other's mortgage? My husband wants me to keep ignoring my loans but I'm not willing to do that anymore, but I want to know how it will affect us either way. Thanks! [link] [comments]  |
| Starting repayment on student loans today. I have no idea what I'm doing. Please help? Posted: 30 Jan 2020 10:19 AM PST I have a total of about 65,000 in student loans. One is Federal, Navient and the other is Sallie Mae. I was in school for 6 years and my ex boyfriend took out alot of my loans, he controlled my finances so I'm trying to figure out what my situation is. I've heard Sallie won't let anyone consolidate. I honestly have no clue what I'm doing. I've been out of school 7months. I'm 2 months into my current job. I work for a nonprofit in social services and make 21,000 after tax. I'm making phone calls/ doing research as soon as I'm out of work today. [link] [comments]  |
| Posted: 30 Jan 2020 09:49 AM PST Sadly, I have to go and get a second bachelors degree. I was originally pre-med, but then organic chemistry happened and now I'm not pre-med 😅 I got my first degree in neuroscience and I'll be graduating in May. I'm immediately starting an accelerated nursing program after graduation. With both of these programs combined, I'll owe about $70,000 give or take. My goal is to work during my nursing program and create a decent savings for emergencies and future expenses. I'll graduate September 2021 and by the time I take the NCLEX, I probably won't have a real RN job until January 2022. My plan is to work from September 2021-December 2021 as a nanny, at a restaurant, as a nursing assistant, etc. to continue to save as much as possible before my loans kick in. I want to start paying my loans as soon as my RN job starts in January 2022 (fingers crossed I have a job by then). I would like to tackle these very aggressively. I'll live from home for several years if that means I can be debt free in a more timely manner. I want to make loan payments of at least $2000-2500 a month for 2-3 years. At that point, I should be down to around $20,000 after interest. At this point, would I be able to start a new $60,000 grad program or would that be a terrible idea with still $20,000 left in loans? I just want to be completely done with my education by 30. I think I can continue to make large payments on my loans while in grad school because it's part time and I plan to still work the standard 36 hour nurse week. The salary for what I want to go into is well over $100,000 after grad school and can be as much as $200,000, so I believe the ROI is worth it in the long run. Is this plan realistic? [link] [comments]  |
| Need help with FFEL loans and new payment plan Posted: 30 Jan 2020 12:37 PM PST I am about to come out of a year of forbearance due to financial hardship. I'm looking at all my options. Currently I need to keep my payment as small as possible. I have 4 FFEL loans, and I've read that I should consolidate those. However, once I consolidate those, can I then roll them into my new IBR/PAYE plan when I recertify? [link] [comments]  |
| Just wanted to clarify if I am doing the ECF/PSLF process right. Posted: 30 Jan 2020 12:09 PM PST I got a job for a qualifying employer and have been on an IBR plan for my student loans for about 2 months now. If everything I read is correct the next steps for me are:
Also a side question: How do I know I am officially on a REPAYE plan? Navients site doesn't tell me anything. And while my monthly payments are lower. I basically just took the reps word that I am on a REPAYE once I submitted my initial IBR mail in application that they switched. [link] [comments]  |
| Posted: 30 Jan 2020 11:24 AM PST I am in chapter 13 bankruptcy. My discharge date was originally March 2021, but I already have all my claims paid. But my student loans were outside the plan and I don't exactly know what to expect when I am out. I have four massive private loans (~$35K, ~$25K, ~$23K, and ~$11K) One servicer said my loans would be transferred to recovery and that the interest has capped out. Has anyone else experienced this? It sounds like I would not necessarily be required to pay on these loans? But I cannot believe that. Any thoughts? [link] [comments]  |
| Best options for the last two years of college? Posted: 30 Jan 2020 09:26 AM PST Hi everyone! I'm looking for some advice about my student loans I'm currently a sophomore in college and have already taken out loans for the past two years. As of right now, with interest added, I'll be around 50K in debt and that doesn't include any federal loans. I took out from Sallie Mae and the interest rates were pretty high and my mom and I are trying to figure out a best option. I really don't want to be 100k in debt by the time I get my bachelors. I'm planning on being a teacher and they're not exactly the highest paid career. I'm planning on looking for scholarships to lower the cost, but I know I'll end up taking out loans either way. If there's any advice that you could give, that would be amazing. Let me know if more information is needed, I'm very new to this whole loan thing. I'm first gen and am overall kinda lost with it. Thank you!! [link] [comments]  |
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