I am happy today Student Loans |
- I am happy today
- My tax refund was seized due to student debt.
- Paying off student loans with stock trading profits
- How are graduated repayment monthly payments calculated?
- How to file?
- MyFedLoan "denies" IDR and being confusing on PSLF - am I okay?
- Income reporting on application for Earnest
- 65k in Student Loans
- ITT TECH student LEGAL ACTION for loss/wasted of time.
- Federal/private loans questions?
- Which refi company has the lowest fixed 7 year rate right now? I'm looking to refinance my student loans
| Posted: 01 Mar 2020 07:27 AM PST As of 7:05 AM PST, I am debt free. Paid off the last of my student loans. It's been a long road. $45k in 6 years. Paid off my car as well and bought a house with my wife... so technically not debt free. Edit: thank you all :) [link] [comments]  |
| My tax refund was seized due to student debt. Posted: 01 Mar 2020 07:36 PM PST My wife and I filed our taxes and everything was ok till a few days ago and seen the entire thing was being taken. Now the thing is I went into rehab on the loans and they told me the garnishment would stop and it did. They also told me my tax refund would be fine. 5 months later they send me a letter saying I never sent them all the required documents and these payments were just in "good faith" but I also have the paperwork saying im good to go. The company is F&N or F&C I don't recall off the top of my head. Normally I wouldn't care it would just pay off this loan faster, but we had planned to use it to help catch up bills and fix the cars. Can this be stopped can I call the debt of edu or do I have to call this company that can't get the document's in order? Thanks for your time. [link] [comments]  |
| Paying off student loans with stock trading profits Posted: 01 Mar 2020 04:30 AM PST Would paying off 20k in student loans purely from trading raise any flags? I'd like to pay it in full [link] [comments]  |
| How are graduated repayment monthly payments calculated? Posted: 01 Mar 2020 05:28 PM PST Is there any math to how its calculated? I want to be able to use math to predict how much to pay monthly without having to use a loan simulator every time. [link] [comments]  |
| Posted: 01 Mar 2020 11:37 AM PST Hi everyone. I'm sure this has been asked before, but I can't seem to find it. I will be attending grad school in the fall (Physician Assistant) & in a different state so I will have to take out loans to cover everything. I am still technically my parents dependent, but how should I claim for taxes & FAFSA? Should I claim as dependent or independent? I hope this makes sense. TIA! [link] [comments]  |
| MyFedLoan "denies" IDR and being confusing on PSLF - am I okay? Posted: 01 Mar 2020 08:45 AM PST Greetings, I apologize if there is a quick post to answer this question/scenario before, I tried to search around and didn't find one. If there is one, feel free to call me a dolt and point to it. I have been fortunate over the last several years to have an increase in my income such that paying under IBR would be more than the 10 year standard repayment plan. I have two consolidated loans, one subsidized and one non-subsidized with balance totaling around 75k. I have been making qualifying payments for PSLF for about 6 years now, with an eligibility date of 2024. I just had to recertify my income, and this was the first year that my income would make my payments > standard repayment plan. I tried to do some research ahead of recertification in order to understand what would happen. My research seemed to indicate that you can never be 'kicked off' IBR even if you don't have a partial financial hardship, and if your income ever increases to the point that your payments would be > than the standard 10 year repayment, you will simply pay that amount. I expected my income recertification application to be 'accepted' and the calculation to indicate I should pay the 10 year standard repayment amount. However, I received an email that had the subject "We denied your IDR request" "We were not able to process your recertification request for your Income-Driven Repayment Plan. A letter will be sent detailing the reasons that we could not approve your request and next steps if you think this information is correct." The application status when I log into the MyFedLoan account is 'denied.' I waited a couple of weeks to get the letter, but did not get one. I called their phone number and they said they didn't actually send a letter (WHAT?!), but that the reason I was denied is because I no longer have a partial financial hardship and am being removed from the program in favor of the 10 year standard repayment plan. I tried to counter that I did not believe I could be removed from the program, simply that my payments UNDER IBR would be equal to the 10 year. They said oh yes that's what we meant, don't worry. I asked for a letter that states this and they said they would send a letter, since they never sent one originally. I waited another 2 weeks and have no letter - so I have now called twice again. The first person said you have no partial financial hardship and have been removed from the program, and then when I countered she disconnected and put me back into the waiting queue. The third person said I do not have a partial financial hardship and am being removed from the "partial financial hardship part of the program" but am still on IBR and my payments will qualify for PSLF. It's important that my payments are still qualifying because I only have another 4 years of payments to make before the PSLF. My research now seems to indicate that any payment that is either income based OR AT LEAST as much as the standard 10 year repayment should be qualifying (though I know the Dept of Ed has currently made PSLF program a shit show and nobody really knows). So I am not sure if this is a legitimate issue to worry with MFL about, or just accept what they've done because my payments are still qualfying. If I'm not okay, how do I get them to change it at this point? I have called 3 times, I will send an email this week, but nobody seems to have a care to make sure this is clearly understood when I'm talking with them. They tell me they cannot send a letter that includes this information. Sorry for the long-winded post, this is a fair amount of money (for me) on the line if it goes wrong. Thanks for any help or perspective. [link] [comments]  |
| Income reporting on application for Earnest Posted: 01 Mar 2020 04:30 AM PST Hey everyone, looking for some advice on filling out an app for Earnest. I see they require $35k/year minimum income, and I'm currently a grad student who works multiple part time jobs. I have a nannying job, a TA position, and part time office job with my dad's company. The TA position is unique in that it changes based on the number of credits I supervise each semester, and the nanny job is just paid via Venmo. In order to be approved, I would need to report all of these sources of income, but they're obviously tough to verify. Any advice on this? Thank you! [link] [comments]  |
| Posted: 01 Mar 2020 01:04 PM PST I anticipate I'll be dead before paying them off. I got these loans based only on my salary at the time (late 40's, a bad decision I was talked into by the bastards at University of Phoenix) and for repayment they want my husband's salary calculated into the payment plan. It's leaving us extremely short budget wise now, and retirement is looming. I've been in deferment for a while now-husband is retired, I'm still working, I need to demonstrate the loss in our joint income to adjust payments. Is this correct, that they'd use my 30k salary to issue my loans but use pre-retirement income of about $80k for repayment? Thanks for the info. [link] [comments]  |
| ITT TECH student LEGAL ACTION for loss/wasted of time. Posted: 01 Mar 2020 02:28 PM PST ITT went bust in around early 2017. I had my loan forgiven but the time that I essesntially wasted is a loss in many ways. Legal action? [link] [comments]  |
| Federal/private loans questions? Posted: 01 Mar 2020 07:26 AM PST Hey guys, I plan to attend Embry Riddle in Arizona, they have offered me about $12k a year as a scholarship. That leaves almost $40k a year, I am applying to multiple scholarships but I'll still have quite a bit to take out in loans, I'm from a upper middle class family but my parents seem to have little interest in helping me even with figuring out how to get loans, I've applied for FAFSA but I don't know how to see how much I can take out in federal loans. I'm just trying to figure out were to start, any advice would be helpful. Thanks [link] [comments]  |
| Posted: 29 Feb 2020 09:22 PM PST Right now, my student loans are refinanced with Earnest at 4.44% over a 10 year fixed term. I've paid down the debt a bit and want to refinance to 7 years. Anyone here know which refinance company might offer the lowest fixed 7 year rate? [link] [comments]  |
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