I paid off all my student loans today! Student Loans |
- I paid off all my student loans today!
- Submitted Application for loan forgiveness
- Paid off $32,458.32 in 2019!
- I paid off a loan today!
- What happens if I don’t use my full loan for the whole semester?
- 100k in NJ class loans
- Refinancing with First Republic Bank
- Best way To Pay off $ 26,000 as soon as possible?
- My 2019 payment total
- Income driven repayment + gig jobs
- AGI for payment calculations?
- I just realized something
- Advice on paying back $140k in student debt
- Can I submit financial aid appeal without documentation?
- Small victories I NEVER thought I would make
- 99k in Student Loans. about 70k is at 5.7%, 6.7%, and 7.7% in equal parts with the rest 4% and lower. Trying to figure out if I should save and pay off in lump (min payments) or pay every other pay check as I go.
- Please confirm if I’m ok to use last years irs income.
- Navient is driving me absolutely bonkers. Advice please.
- REPAYE Program
- FAFSA Which beginning college grade level do I choose?
- Change of address married filing separately?
- Best repayment plan for private loan?
- Closed school forgiveness
- HELP!!
| I paid off all my student loans today! Posted: 02 Jan 2020 02:57 PM PST Today was the last payment, $8722.09 paid on 35,000 in debt. Only took three years! [link] [comments]  |
| Submitted Application for loan forgiveness Posted: 02 Jan 2020 08:14 AM PST Officially made 120 payments in December 2019. Just submitted the application for loan forgiveness. I have been submitting employment verification each year and they have all been approved. So I think my chances are good. I'm keeping my fingers crossed. [link] [comments]  |
| Posted: 02 Jan 2020 01:47 PM PST Graduated May of 2018 with around 100k in debt. Didn't put much down in 2018 besides paying enough to fight the interest, but I did save up a 10k emergency fund and traveled quite a bit. In 2019 I decided to really focus on paying off my debt. I was able to put 2 bonuses and a 5k tax refund straight into paying these things off. I refinanced with Sofi and then Earnest twice to get my interest down from ~10% to ~6% to 4.06%. Towards the end of the year I switched jobs and moved in with my parents, so I've been able to contribute around $3300 monthly. Currently planning on paying off $2000/mo in 2020 so I can start contributing to my Roth IRA as well. $66k to go! [link] [comments]  |
| Posted: 02 Jan 2020 02:49 PM PST I was able to pay off a Parent Plus loan my parents had taken out for me. Made the payoff amount ($22,000) today. I have much more to go, but clearing the 7.6% interest out feels better. [link] [comments]  |
| What happens if I don’t use my full loan for the whole semester? Posted: 02 Jan 2020 08:17 PM PST So my loan for this semester is $3,000. I only need two classes left before I can graduate so I will not be using the full $3,000, I will only be using about $1,500. What happens with that money that I don't use? Does it just go to waste? [link] [comments]  |
| Posted: 02 Jan 2020 11:06 PM PST Hi I'm planning on going to grad school after this for a PhD and the monthly stipend for that is just 2 k. I'm in the program where the loans are differed when I'm in school and I pay once I get out. I wanted to know if being in a grad school getting paid counts as being in school or having an income? Ideally I'd like to be in Federal but still pay as much as I can to get a dent in it for the next 6-8 years doing my PhD. [link] [comments]  |
| Refinancing with First Republic Bank Posted: 02 Jan 2020 11:03 PM PST I currently have 60k in student loans with Nelnet (45k of it at ~6.5%, and 15k at about 4%). I am considering refinancing the entirety of my loan with First Republic Bank for 5 years @1.95%. I also will be trying to pay back the loan within 4 years to get the interest reimbursement through First Republic. At the moment I currently have enough money to pay off the student loan in its entirety, which is why I am considering first republic bank in the first place. However, such a large payment will leave me with a very small emergency fund and doesn't seem like the best use of my money. Additionally, such a large payment makes me nervous. I realize that the 1.95% comes with strings attached, and there is a possibility that an additional 5% interest rate can be added on top of the 1.95%. If that were to occur, I would probably pay off the remainder of my loan in full. Please let me know if this is a good plan or if I am missing something, or should be applying elsewhere. Thanks [link] [comments]  |
| Best way To Pay off $ 26,000 as soon as possible? Posted: 02 Jan 2020 06:09 PM PST So I have been researching the best way to payoff my student loans (as quickly as realistically possible). And I thought I would ask you all. I earn $11.25 an hour working at a school. My only monthly bills are $78 for my phone and 100 for any medical expenses. My standard repayment is $278. I do not really have any other expenses besides this. I am blessed that I am able to live with my parents (so no rent). But I do not get paid over summer or on breaks (except for perhaps one day of the week depending upon the holiday). Any advice or tips would be greatly appreciated! [link] [comments]  |
| Posted: 02 Jan 2020 11:04 AM PST I paid $6245.66 in 2019. $585.11 went to interest and $5660.55 hit the principal. I closed out two accounts and consolidated my Perkins loans into a direct loan just to get away from dealing with ESCI Heartland. I'm down to a $9184 at 3.15% and a $7207 at 4.75%. This year I am looking forward to going back to school part time in the fall for an employer sponsored MBA and having my subsidized loans go into deferral. I think I can get down to 0 in 2020, but I'd be happy to kill the 4.75% loan and then focus on other saving goals. In total those payments accounted for 6.5% of my household income, which I realize is very manageable but I still am looking forward to diverting those funds to retirement/house/family accounts. Good luck to all in 2020! [link] [comments]  |
| Income driven repayment + gig jobs Posted: 02 Jan 2020 09:14 PM PST Has anyone else had a similar problem to me.. I work in a hospital 20 hours per week making around $500 weekly. I pick up additional shifts at other hospitals to make up for my part time position. When I applied for IDR I had to submit all of the pay stubs for where I work within the past 60 days or so. Now I work A LOT OF EXTRA HOURS. All 8 hour shifts but the longest was 23 days straight. When I got my IDR plan for 2020 my payment increased from 289 to 679. The issue is that only my part time job is consistent and the rest is need based from other hospitals. When I explained this to Navient the rep really had no idea what I meant. Has anyone else experienced this kind of jump from working a ton at their side gigs? I'm basically a slave to my side gigs now that my payment has gone up so high. [link] [comments]  |
| Posted: 02 Jan 2020 05:09 PM PST Anyone know which line of the tax form that is found on? Is it the actual adjusted gross income line or the taxable income line? [link] [comments]  |
| Posted: 02 Jan 2020 11:03 AM PST I just realized I'm going to get a nice tax refund a few months of now because I recently graduated (tuition credits) and started working halfway through the year. I'm estimating a few thousands. I feel good. Still going to aggressively tackle my student loans — That tax refund if I guessed right would help me pay off my loans two months sooner than planned (April rather than June!) Exciting epiphany. [link] [comments]  |
| Advice on paying back $140k in student debt Posted: 02 Jan 2020 11:56 AM PST I am trying to come up with a better plan to pay off my high amount of loans and am not quite sure what my options are or best bet is. My main goal is just to lower my total once I do pay off the loans. I currently owe around $140k in private loans ( non subsidised) through MEFA, this is broken out into 4 separate loans, one for each year of my undergrad. I pay all 4 at once each month through American Education Services. The average interest rate is 7% which is incredibly high leading me to believe I should consider refinancing to get a lower fixed rate. The first loan expected payoff date is 11/2028 The second loan expected payoff date is 12/2029 The third is 12/2030 The fourth is 12/2031 Right now, my salary is $64k a year and my payment is $1,600 a month meaning about half my monthly income goes to my loans. I do still live at home and don't have too many bills or expenses I pay for so I am not necessarily struggling with the monthly payment at the moment. The last few months I have been putting a few extra hundred towards it to keep the interest low and attack the principle. I have seen refinance options that will give me a fixed interest rate of 5.2%, a 8 year loan, but will increase my monthly payment to about $1,900. I also have seen options that lower my monthly payment from the $1,600 it is at now, but would be a 15 year loan. Is this my best best or are there any other tactics I can use to pay this back? [link] [comments]  |
| Can I submit financial aid appeal without documentation? Posted: 02 Jan 2020 04:28 PM PST I did terrible my first semester and was put on academic warning. I then brought up my gpa and have all the other requirements except for the courses I've completed. My aid was suspended for that reason and the only way to get it back is to pay out of pocket or appeal. I'm practically dirt poor and I don't have any excuse besides being depressed with no documentation and being overwhelmed by work at that time. Will my appeal be taken seriously without documentation of anything I'm claiming? [link] [comments]  |
| Small victories I NEVER thought I would make Posted: 02 Jan 2020 04:18 PM PST So I was approved to refinance my private student loans!!! Over $65k! 9% on a "step up program" meaning they were going up .5% every 6 months until it reached 12% it has been brutal! I have been paying every payment and frankly it has felt like a dixie cup on a wild fire. So I'll give a bit of back story. I had a really bad understanding of money in my very early 20's and racked up a bit of debt and then also had my awful school loans. Refinanced around 26 and things were going well then made the mistake of dating a conman who racked up about 10k more. I was drowning. At 29 I changed careers (get into recruiting its fabulous and basically takes social skills and a bit of chameleon like savvy) and I was promoted to a pretty prominent position within my company at 30 and pay has been significantly better basically went from 35k to 70k+ depending on business. But my credit score was still floating around 640 not good. I also refinanced some other debt and paid off some small cards recently which I think is how this all became possible. First I stopped using my cards and requested increases on all of them which bumped my score then did balance transfers to 0% on 2 credit cards saving me over $250 a month in interest. Started making a bit of head way mostly minimum payments but also throwing extra once I could like my Christmas bonus. After 3 months or so my credit shot up like 40 points. Then I refinanced a bit of debt combining a 2% card and a 14% consolidation loan which combined became $8000 at around 7%. So my current stuff is that, $4300% for the next year $7300 also at 0% for the next year and my car which will be paid off in October. Which gives me an extra $389 to slunk toward those school loans etc. Guys its possible. I know I finally gained more income and that helped but so did a ton of self control. Start with throwing your cards away and you request a rate increase every 6 months it helps! [link] [comments]  |
| Posted: 02 Jan 2020 07:27 PM PST I am not bad with money at all. In fact I am really good with being strict, saving money, etc. I finally have my first career job paying 70K a year. I want to pay off my student loans in the next few years regardless and I am just trying to figure out the best way to do that. Obviously I will save more money by the numbers paying highest interest loan off first and as soon as I get the money. That is not a mystery to me. What I am having trouble is figuring out is, if I were to make the minimum payment (I think this is $617 over 25 years) for the next 4 years and then once I have the money saved up pay it all off completely, how much would that cost me over paying every other paycheck which ends up being about $26000 a year. I get paid about $1850 every other week and one paycheck is enough to cover all my monthly expenses. I also have a fully funded safety fund at this time which will give me about 6 months of income should anything happen. I really just want to know what the cost differential is between the two plans of attack so that I can see if that amount is worth all the external factors that I am considering. External factors include things such as big life events, unforeseen medical issues with me or my parents, possible legislation to reduce student debt, opportunity cost, and so on. If it only saves me a couple thousand then I would rather hold on to the money to see what happens. If it would end up being 10-15K more, then I would rather pay it off as I go. I cant find any calculators that will give me the answer I am looking for as the mostly just tell you what you monthly payment should be or how long it will take you to get there. [link] [comments]  |
| Please confirm if I’m ok to use last years irs income. Posted: 02 Jan 2020 07:26 PM PST Long story short. Made about 68k last year as a fellow. Become a physician this july and now make 430k. I'm in income based repayment and they are asking for recertification. When applying, all student gov asks if my income has decreased not increased. Then on the final submit form it asks again but this time says something along the lines of " I certify that my income is not significant and I'm subject to fines if i lie blah blah blah. Am I safe to just use my 2018 tax income and then next year they will get my 2019 income on next recertification. Mind you I make about 10-12k payments a month as I hate this debt and plan to wipe it out in two or so years. But personally I would like the idea of lower payment in case sometime happens. Thanks. [link] [comments]  |
| Navient is driving me absolutely bonkers. Advice please. Posted: 02 Jan 2020 06:42 PM PST hi! first time poster here. Not really sure where to start so apologies if this comes across ramble-y. I have a rather large student loan with Navient, with crazy high interest rates because of my familys financial situation during the time that I went to college. Anyways. I'm enrolled in autopay and for the past 3 months have had the following issue: the autopay is due the 22 of every month. I get an email on that day saying that my payment was recieved. If i login to my Navient portal, it shows my payment as received. However if I go into my bank account, I see no payment withdrawn and sure enough I end up getting a call from Navient saying I am past due and am going to have a late fee. The first month this happened, I hadn't yet checked my bank and was baffled as to how I could be late seeing as I was going by the email and my online portal. But I then checked my bank AND called to inquire whether there was any attempt to collect payment in the amount of X on such date. The representative said no. I then asked if he could check for the entire month. And sure enough there was zero attempt to collect payment. When I spoke to Navient they claimed that they attempted to collect payment and that there was a stop payment on my banks end. I verified with my bank that this was not the case. Navient then changed the story and said that it was actually insufficient funds. That they attempted to collect payment 3 times but there was insufficient funds in my account. This is not true as I have more than enough funds to cover my student loan payment. I also got my bank back on the phone and asked if for some reason this was true, would it reflect on the bank statement, like would we be able to see that Navient attempted to collect a payment and it was either stopped, or rejected due to funding, and PNC confirmed that this would most definitely show up on my account. Upon explaining this to Navient, the representative simply argued with me and told me that their records show that they attempted to collect payment 3 times and I am now past due. I had to make the payment manually over the phone and argue for no late fee. So basically, this happened the month after, and now this month. Each time, I am the one checking my bank the day the payment should go through and the day after. And sure enough I am still getting the emails stating that my payment was received and my portal shows me in good standing however when I call, it's the same thing all over again with them claiming they attempted to collect payment but I have insufficient funds. I have verified with my bank several times that theres no issues on my end, and I've verified with Navient that they have the correct account information for the autopayment. I'm at my wits end at this point. I then tried to unenroll from autopayment this month seeing as it was the third time it happened and I was tired of arguing with them, only to have a bigger headache. After requesting to unenroll, I got a document in my portal saying my new repayment plan has been denied. When I called to inquire about it, they said my request for forbearance was denied. I never requested forbearance.... The representative then said that My interest is being increased due to having made late payments for 3 months in a row. She then changed the story yet again at the end and said that my interest was increased due to unenrolling from autopay. So now I'm back at square one, re-enrolled in an autopay that for some reason does not want to work and will require me to manually call to make a payment every month anyway. Has anyone else ever had issues like this with Navient? I don't know what to do at this point. [link] [comments]  |
| Posted: 02 Jan 2020 02:55 PM PST I was wondering if anyone could give me some insight into the REPAYE program. I called some guy on the phone (got a letter in the mail) who said he could help get me into it and I would pay him $900 up front to do it, etc. I figured that was a scam so thankfully I didn't give him any money but I am looking for a way to fix my current student loan problem. I have 150k in loans (thanks law school) and while I pay $1,700 a month, it's a bit of a struggle for me right now being fresh out of school. Are there federal plans to consolidate the loan and have it be automatically forgiven if I pay the minimum payment for 20 years like the guy on the phone said? I'm just confused because there seem to be a million options and a lot of different refinance companies and I'm unsure what to do. I want to pay it down as quick as possible but also want a lower interest rate. [link] [comments]  |
| FAFSA Which beginning college grade level do I choose? Posted: 02 Jan 2020 05:28 PM PST I have a bachelor's and a master's degree and am planning on starting a new career as a Radiologic Technologist or a Physician's Assistant. I don't know what my college "grade level" to select on the FAFSA. I am looking to get a number of science prerequisites out of the way as I fully determine my course of action. I plan on either becoming a radiologic tech and using that time as my patient contact hours for PA school while making a better living, OR taking care of pre-requisites for a PA program and volunteering to get my patient contact hours in. So this leaves me a bit confused as to which of the following I am supposed to pick on the FAFSA? Any suggestions? Thanks! Attended college before/1st year 2nd yr./sophomore 5th yr./other undergraduate Continuing graduate/professional or beyond [link] [comments]  |
| Change of address married filing separately? Posted: 02 Jan 2020 04:51 PM PST I have income driven repayment plan through nelnet. My husband and I are married and filling separately. I make about 16,000 a year and he makes 75,000 a year. He is moving out of his parents house soon and into my parents house with me. Will him having the same address as me now change anything whether we file married separately? Or does address not matter? [link] [comments]  |
| Best repayment plan for private loan? Posted: 02 Jan 2020 04:35 PM PST I just got approved for my 1st private loan. I have 3 repayment options: 1) immediate 2) immediate- interest only 3) deferment over either 5, 10, or 15 years I will still need to take out loans for 4 more semester. I know what I chose will determine how much $$ I pay overall but are any of the options better than the others in terms of affecting my credit score for future loans? My plan was to defer but still make monthly payments on it immediately. Good idea? [link] [comments]  |
| Posted: 02 Jan 2020 03:16 PM PST I went to Itt tech. They never helped me get a job in my field. I have not ever made enough to pay on my loans and survive at the same time. My loans are in default. Can i still get my loans forgiven ? Are there other routes I can take? My degree is essentially worthless since the school shut down. Advice please? [link] [comments]  |
| Posted: 02 Jan 2020 02:35 PM PST Hello everyone ! So I am in a bit of a pickle here and need help finding a loan or the best option for me. Basically I have an outstanding balance with the university of Iowa from the spring of 2016. I have been making small payments since then and have a balance of just under 8k. I am currently attending a juco and am getting ready to transfer, however, most schools require me to send official transcripts of all institutions attended and Iowa will not do that unless my balance is paid off. My first instinct was to get a student loan, but most will only lend money for outstanding balances that were made within a year period. Iowa's billing office told me that if I pay half of it I would have to pay the remaining balance over a 12 month period. I do not have a lot of money right now I work part time because of school. If anyone can refer me to a lender that gives student loans for outstanding balances from over a year ago or just any advice I would appreciate it ! [link] [comments]  |
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