This is why we can't have nice things... Student Loans |
- This is why we can't have nice things...
- Can I partially refinance my government grad loans?
- I want to apply for an unsubsidized loan without my parents knowing.
- Military In-Repayment Options
- Tips on a successful borrower defense claim to get rid of student loans???
- Direct Stafford Unsubsidized or Private loans for Optometry school?
- Tax deductions and income based payments of $0
- Unable to deduct student loan interest?
- Delinquency affects on refinancing
- Advice for Expat to pay $120k loans as a teacher in Thailand.
- No Credit Score. No co-SignerDon’t get financial aid. How to attend college?
| This is why we can't have nice things... Posted: 26 Jan 2020 10:48 AM PST I just received my third pm in as many months from someone looking to commit fraud to get out of paying their student loans. Falsifying income for an IDR or employment documents for pslf or trying to claim I'd theft when they admit they took the loans. Let me be clear...I will never help anyone commit fraud. Ever. And I can tell you that the chances of getting caught aren't small. The office of the inspector general will look into these cases and the federal prosecutor will prosecute them. People go to jail for this stuff. At best they get a heavy fine and often lose their jobs. And it's not just the oig..the folks that process these things do enough where they can usually tell if something doesn't look right. And when it smells funny they escalate it. There's also audits and GAO research projects that look for these very things. But hey...you play stupid games...you deserve to win your stupid prize..that's not why I'm venting right now. I'm venting because of the blowback when stuff like this comes up. I've seen it over and over. If they find folks committing fraud they change the regs to make it harder to get away with it. And that in turn makes it harder for those borrowers who really need the relief to obtain it. They did it with death discharge. They did it for disability discharge and that's DeVos reasoning for making borrower defense so difficult. So because of a few douchecanoes..deserved relief is harder to get for the disabled, families if the deceased and those defrauded by their schools. And it infuriates me as I see this effects of this daily on real people. So if you're thinking you're smarter than the rest of us and figured out that one trick to fraudulently get out of paying your loans and what I've said above doesn't matter to you...at least don't ask me if it's going to work or to help you do it. Politicians and lobbiests use cases of fraud to argue policy change that's takes benefits away from those in need all the time. Stop giving them the ammo to succeed. [link] [comments]  |
| Can I partially refinance my government grad loans? Posted: 26 Jan 2020 02:46 PM PST I have loans through the government which I took out for grad school through great lakes. I have varying loans at different rates, anywhere from 4-6%, some lower in amounts than others. My question is, can I refi the smaller amounts at a lower rate? The reason I'd want to leave the largest ones is in case of forgiveness in the future/ political change of the view on loans. I know it's best to pay them off, and they'll be taxed at a higher rate, but I'd like to save some money in the long run by refinancing the smaller accounts. [link] [comments]  |
| I want to apply for an unsubsidized loan without my parents knowing. Posted: 26 Jan 2020 03:36 PM PST Is it possible for me to get the loan without having my parents know? I want to receive $3000 before February 10th so I can finish paying off this semester's fees. I have a $2500 scholarship that I won't receive until March so I wanted to use that to pay back the money from the loan. Would my parents be notified if I get the loan? [link] [comments]  |
| Posted: 26 Jan 2020 12:57 PM PST Status: Active Duty Military, Married filing jointly Amount taken: 60000 Loan Type: Direct Consolidation Repayment I took out the consolidation after I finished my graduate degree in may 2016. I've been on active status since 2012. My standard repayment is $311.23 and I've supplemented $238.77 to eat away at the principal amount. I guess looking back at it, I should have gone under an IDR payment plan, but I didn't understand the options and PSLF. Is it worth converting now (~$31,200 loan balance) to then go after PSLF or just keep making the payments I'm used to? I can't find a whole lot of material that would suggest the TEPSLF would spot me ~42 qualifying payments to factor in the regular payments since may of 2016. [link] [comments]  |
| Tips on a successful borrower defense claim to get rid of student loans??? Posted: 26 Jan 2020 06:02 PM PST Hey all, as many of you are, I'm burdened by a ton of grad school debt that really did little/nothing for my career. I definitely did not make anything close to the income they bolstered for most grads. Finally about 9 years after graduating I can finally afford to start paying down my loan balance each month which is why I'm posting here. So I want to try my luck at a borrower defense application. The fact that I owe more than a house and only passed 60k in annual income 9 years after graduation is insane. I've read that my grad year of 2012 is apparently one of the worst off in terms of paying back their loans with a decent income. The school itself won't respond to my calls and emails as an alumni. Let alone provide any career consult or send your resume to a single recruiter or company. Needless to say this was a massive mistake and I regret dearly not going to a public program - I would have the exact same career prospects and half the debt. Anyone who has had experience or success with a borrower defense application I would really appreciate your input. Happy to provide more info if helpful. Thanks Reddit you're the best!! [link] [comments]  |
| Direct Stafford Unsubsidized or Private loans for Optometry school? Posted: 26 Jan 2020 05:57 PM PST I am going into optometry school 2020 loan free and I had some questions about taking out my first loans. Some background about the profession, it is a relatively stable career with an average salary of $110,000 in my area. I anticipate taking loans ~$20k a year (for tuition/equipment) for a total of 80k by graduation. My credit score is decent ~ between 700-750 range. I do have a parent w/ great credit willing to cosign if needed. As a grad student, really my only two options for loans would be through the Direct Stafford Unsub (6.079% fixed interest) or through private loans. The Grad Plus would be unnecessary in my case and I don't believe I qualify for the only subsidized loan (Health Professions Student Loans) because of my parental financial info. For people who are in a similar boat of attending a health-related grad program, what made you choose your particular loan? What is the likelihood that I will be able to get a lower interest rate through private loans? Are the benefits of a federal loan worth the potential higher interest rate compared to a private loan? [link] [comments]  |
| Tax deductions and income based payments of $0 Posted: 26 Jan 2020 05:18 PM PST I just finished grad school and am just now trying to figure out what to do about my loans. I'm very new to all of this so please forgive me if this is a stupid question. I did not make any money the last 4 years I was in school so I believe my income-based payments will be $0. I also will be making under 80k in my first job. Is it possible to make monthly payments that go solely towards my interest, and then still get a student loan interest tax deduction next year? Also are there any free resources for talking to experts about how to manage all this? Either in person or on the phone? Thanks everyone! [link] [comments]  |
| Unable to deduct student loan interest? Posted: 26 Jan 2020 08:13 AM PST Hi there! Just got my 1098-E from Navient. It shows $0 interest paid in 2019 though every penny paid went to interest. Navient has informed me while I did pay interest, it was "offset by government interest payments". What does this mean exactly? Last year there was no issue and my situation hasn't changed much. I make under 40k and am on the ICB payment plan. Thank you for your time. [link] [comments]  |
| Delinquency affects on refinancing Posted: 26 Jan 2020 09:32 AM PST I am trying to help my girlfriend refinance her student loans. They are at an awful 11-12% interest rates. Luckily she only has about 20k in debt. She just received a raise and I want to try and help her refinance. I tried in August at her lower salary and she was denied to to delinquency. She told me she missed about 3 payments when she first graduated school the year prior. So in short, she has a higher income now, been about 1.5 years since a missed payment and a credit score of about 620. Any help on who might refinance her or how long those missed payments will mess with it? [link] [comments]  |
| Advice for Expat to pay $120k loans as a teacher in Thailand. Posted: 25 Jan 2020 11:08 PM PST I'm 38M living & working as a teacher (non-Intl school) as a 2nd career in Thailand. Currently working on my MA in Education (this time, paying as I go). However, with a good income for life in Thailand, it's not much in terms of paying off a large US-student loan balance. I've been using IBR plan since 2013, but realizing it's a sour option if I ever want to be debt-free. Moving back to the US has its challenges since it's unlikely a short or easy process for my Thai wife to relocate. Looking for advice, suggestions, or direction. [link] [comments]  |
| No Credit Score. No co-SignerDon’t get financial aid. How to attend college? Posted: 25 Jan 2020 10:28 PM PST Okay so my parents collectively make about 500,000k a year. But they won't pay for my college. If they had to do it, so do I. That wouldn't be a problem if I actually got financial aid. Which means I have to borrow the money privately. They also won't co-sign for a student loan. I'm 18 have no credit and need about 130,000 if I want to go to the school that will actually point me into the direction I need. I'm planning on going to medical school. One of my parents is a general surgeon so I've gotten to shadow them plenty of times and I'm fascinated by it and want to do the same. I need to start college as soon as possible because it's about 15 years until I'll be making good money, and I can't go to community college if I want to get into a really good medical school. Where do I apply for student loans like this??? Is their a possibility I would even get one. I don't care if the interest rate is crap. This is what I need to do. Does anyone know a place I can borrow this money from? Or if I will even get it [link] [comments]  |
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