I owe 1 cent??? Student Loans |
- I owe 1 cent???
- Why aren’t private lender interest rates not dropping?
- Do you think student loan interest rates will go back down again?
- IBR and marriage?
- Help, what is my best repayment plan?? Getting married and $60,000 total between Federal and Private loans
- Parent Plus loans and 6 month payment suspension
- I just realized that my minimum monthly payment only covers my interest.... am I calculating this correctly?
- Rules for temporary loan suspension
- Student loan changes due to pandemic (confused)
- Do NJCLASS [HESAA] student loans, fall under the new stimulus package?
- Nelnet autopay paying excess
- Have a student loan on rehabilitation but I want to pay more.
- Check your covid19 forevearance -nelnet
- Ask your employer about this provision of the Care Act
- Loans showing Paid in Full?
- Should I switch from Navient to SoFi right now?
- Good time to refinance consolidated private student loan?
- Stimulus Check
- Student loan interest pause
- Navient FFELP Loan Advice with new Federal Guidelines
- Financial Aid Appeal
- Paying Private and Federal Pay as You Earn?
- Questions regarding IDR, MFS vs MFJ, and community property state status
| Posted: 29 Mar 2020 09:56 AM PDT So I paid off one of my loans. And it shows up on my credit report as closed out. So why is it showing up as me owing 1 cent on nelnet when I paid it off back in January? [link] [comments]  |
| Why aren’t private lender interest rates not dropping? Posted: 29 Mar 2020 02:06 PM PDT I was looking to refinance but it seems rates haven't dropped despite Fed cutting fund rate to zero. In normal circumstance, private lender rates should also drop. [link] [comments]  |
| Do you think student loan interest rates will go back down again? Posted: 30 Mar 2020 01:05 AM PDT I received an refinancing offer of 4% fixed interest rate on my private loans. I was wondering if anyone thinks that the interest rates may go down again. Should I just accept this offer or just hold out a bit longer? I'm currently refinancing with laurel road. [link] [comments]  |
| Posted: 29 Mar 2020 05:12 PM PDT So I just recertified my federal student loans for the 2019-2020 tax year and I wasn't married when I filed those taxes but I will be on April 18th. Do I need to file a second recertification after my wedding or will my marriage be reflected on next years taxes when we file jointly? I just don't want them to come back and tell me I owe them more money for last 12 months because I was married and didn't immediately report it! [link] [comments]  |
| Posted: 29 Mar 2020 03:31 PM PDT I graduated December 2019, and am getting married this October. Our combined income will be around $31,000. She is in graduate school, and I will be applying to graduate school. I have 5 Federal loans, ranging from 3.76% and 4.53%, totaling $16,000. Grace period until August 2020. I have 1 Private loan, $44,000 at 7.25%. Grace period until June 2020 (I think). I am lost on how to attack these loans, what is my best route? Consolidate them all, consolidate just the Federal (which program to apply for?) Pay off all at once, focus on some?? Are there special grants or programs I can apply for now, or once we're married, to help with the debt? All help appreciated thank you! [link] [comments]  |
| Parent Plus loans and 6 month payment suspension Posted: 29 Mar 2020 11:42 AM PDT Are Parent Plus loans eligible for 0% interest and 6 month suspension? My parents have Parent Plus loans for me that are in repayment. They are from the Dept of Education. They aren't showing as 0% yet. Are Parent Plus loans eligible for 0% interest and the 6 month payment suspension? [link] [comments]  |
| Posted: 29 Mar 2020 11:58 AM PDT My student loan interest is 6.8% and I owe $26K and my minimum payment is $167. When I do the math, 6.8% of $26K is $1768... Divided by 12 is $147. Is most of my payment seriously only going toward interest?! This is absolutely criminal. [link] [comments]  |
| Rules for temporary loan suspension Posted: 29 Mar 2020 08:30 PM PDT Hi, So I'm not clear on how the latest rules work. I understand that federal loans have 0% interest until September. I am at about only 10K left from an original 30k. I still plan to make payments but was wondering if I could target my entire payment on one loan at a time since interest wouldn't acrue during this time. I pay $360/month (145 of that is part of a growing snowball) so what I'm wondering if I could put all of that 360 towards one loan and not make minimum payments on the others for the time being? I feel like this will allow me to pay my snowball much faster. I think this is ok to do but MyFedLoan hasn't said anything specific like that. Thanks! [link] [comments]  |
| Student loan changes due to pandemic (confused) Posted: 29 Mar 2020 09:52 AM PDT So I'm a bit confused.. the government has changed all federal student loans to 0% until September. This is reflected on my loans (Cornerstone and Great Lakes). But they've also suspended payment requirements until then too right? Is there something that I have to do to change my next due date to September or does it automatically do that? Lol Im lost. [link] [comments]  |
| Do NJCLASS [HESAA] student loans, fall under the new stimulus package? Posted: 29 Mar 2020 03:17 PM PDT I'm having issues finding any information if it is considered a federal loan. [link] [comments]  |
| Posted: 29 Mar 2020 10:26 AM PDT Ive noticed autopay in nelnet doesnt let you choose where the excess money goes. Is there anyway you can distribute excess money in nelnet using autopay? I keep the autopay because of the interest rate reduction but id like to take advantage of the 0% interest rate going on. Should i cancel autopay right now and manually pay and when the interest rate comes back, do the autopay again? [link] [comments]  |
| Have a student loan on rehabilitation but I want to pay more. Posted: 29 Mar 2020 08:33 PM PDT With student loans being suspended and interest rates to 0% I want to take this opportunity to be able to pay off one of my students loans that is currently in rehab. I'm 6 payments in of 9 so have 3 left to go before it gets pulled out of default. I have other loans but they're paid up to date. I want to take everything I've been paying for those other loans and pay this rehab loan down hopefully before September comes around. That being said I have a few questions. In regard to these 9 payments, do they have to be once a month? If I had the money, I can I pay the other 3 right now and hopefully get my loan into good standing ASAP? Second question. This loan was through my school but got sold off to a lender (costal) Would this still be consider a federal loan aka no interest for 6 months? Thank you. [link] [comments]  |
| Check your covid19 forevearance -nelnet Posted: 29 Mar 2020 11:55 AM PDT I just checked my student loans with nelnet. I have 4. I requested forbearance due to the covid19 pandemic and because I've been laid off. The stimulus package says the loans can be in forbearance and not accumulate interest until September 30th; however 1 of my loans wasn't put in forbearance and is still gathering interest, also nelnet told me my due date is July 18th. I am going to call them Monday morning to clear it up and I'm sure it will be an easy fix; however I just wanted to remind others to not ignore your loans make sure to check on them and extend your forbearance if they've cut you off early (unless I'm totally wrong then please correct me) best wishes I hope you are all okay and hopefully this will help us all get ahead of our debt. 6 months without interest will save me $2880!!! [link] [comments]  |
| Ask your employer about this provision of the Care Act Posted: 29 Mar 2020 12:25 PM PDT Excerpt: "The CARES Act provides for a much sought-after change to permit employers to pay employees up to $5,250 per year on a tax-free basis for student loan debt expenses incurred while employed with an employer maintaining a written program pursuant to Code Section 127." [link] [comments]  |
| Posted: 29 Mar 2020 02:30 PM PDT I checked my account balance today because I've been applying to refinance and on my Great Lakes account it shows all of my loans are paid in full. The payment history shows that the balance was paid on 03/24. Sounds awesome except I didn't make the payment (because I don't have $80,000 just laying around lmao). Has this happened to anyone else? Is it related to the interest being frozen due to the bill? Any ideas? I haven't found anything thru the website or google that would provide more information. Thanks for any tips. [link] [comments]  |
| Should I switch from Navient to SoFi right now? Posted: 29 Mar 2020 02:18 PM PDT I have my loans through Navient now. ~50k, about 6% interest. SoFi will take my loans and charge me ~4.8%. I'd normally just do it, but I fear of making any large financial decision during a time like this. My job is not in danger. Is there any reason to wait? Is it possible SoFi could offer me a better deal later? Thanks Hopefully the mods won't delete this for no reason like last time. [link] [comments]  |
| Good time to refinance consolidated private student loan? Posted: 29 Mar 2020 06:03 PM PDT Is now a good time to refinance my consolidated private student loans? I currently have approx $34,000 with Navient at a 6.25% rate. Shopping around, it seems that right now I qualify for 4.5% fixed/3.9% variable for a ten year repayment plan. What are the chances that rates will drop further? Should I wait? Any thoughts/help would be appreciated! [link] [comments]  |
| Posted: 29 Mar 2020 05:54 PM PDT Does anyone know if default federal student loans will be able to garnish or take the stimulus relief checks? [link] [comments]  |
| Posted: 29 Mar 2020 05:36 PM PDT I am a 4th year resident and about to go into fellowship and soon into practice. I recently refinanced with Sofi. Now with coronavirus/economy, loan interest is paused and there are talks of forgiveness. WHAT A TIME TO REFINANCE! I think I already know the answer here, but is there any hope for me? [link] [comments]  |
| Navient FFELP Loan Advice with new Federal Guidelines Posted: 29 Mar 2020 09:10 AM PDT I'm looking for advice on my FFELP loans with Navient. Under the new federal guidelines : https://www.forbes.com/sites/zackfriedman/2020/03/28/student-loans-payments-suspended/#647936f51b10 , FFEL loans are not covered for no interest at this time and delayed loans. I have 3 loans remaining: $2,966.32 at 4.660% $5,330.73 at 6.8% $6,508.09 at 6.8%. I've been on IBR for the past 11 years and started a new job this year where I won't qualify anymore starting in May because my income is too high so regular payments will start. I read if I consolidate them all into one loan, then I would be eligible to get under the no-interest federal policy right now. What's my best plan of action at this moment? Thanks! [link] [comments]  |
| Posted: 29 Mar 2020 11:35 AM PDT So I recently was admitted to Fordham University to major in international studies. NYC has been my dream so I couldn't be more excited, but my financial aid package is a little scary. My parents are divorced and my mom makes less than 60k a year and I don't even know how much my dad (my non-custodial parent) makes a year and with that I'm expected to pay ~42k a year to attend. It's terrifying bc I don't want to end up having six-figure loans for undergrad by any means. I've read all of the horror stories and that's something I simply never want to be a part of. I already know my dad isn't going to contribute to my COA so I'm lost at what to do. I also just lost my job in the midst of this financial crisis so I don't even know how much I'd be able to contribute. I'm doing my research and applying for scholarships but obviously none of that is guaranteed. With that, how should I go about appealing my financial aid? Has anyone had success stories of getting more aid than 2-7k through appeals? [link] [comments]  |
| Paying Private and Federal Pay as You Earn? Posted: 29 Mar 2020 11:22 AM PDT I'm soon to graduate from graduate school and have significant amounts of Private and Federal loans (I have significantly more in Federal). Navient has already begun to bill my payments and I plan to use the pay as you earn plan to pay off the Federal loans. My question is: with my Federal loan payments capped at 10% of my income do they take into account payments towards Private loans. In other words, would it make sense to avoid paying off my private loans quickly as I'll never come anywhere close to paying off my Federal loans before they are forgiven. New to this stuff and would appreciate any feedback on how Federal loan payments are determined. Thanks! [link] [comments]  |
| Questions regarding IDR, MFS vs MFJ, and community property state status Posted: 29 Mar 2020 02:40 PM PDT I am graduating medical school in May, ~$300k debt. Moving to community property state this summer for my residency. Married with 2 young children. Wife has no debt. We are going to a large city with a high cost of living (particularly regarding childcare), so cash flow during my residency years is a concern for us. We are looking at IDR payment plans to 1) ensure we have cash flow to live on and 2) begin PSLF-eligable payments. We are not 100% committed to PSLF, but there is a very strong chance that it will fit my career choices anyway, so we are pursuing that option currently. My plan was to file MFS for 2019 (my income $0, wife's AGI ~$69) and consolidating this summer to start a year of $0 loan payments in PAYE (vs I think ~$240 if MFJ or REPAYE). Running the taxes this afternoon, I was surprised to find that it looks like we would actually come out ahead if we filed MFJ, took the tax refund, and pay the $240/month loan payments instead of MFS. Looking ahead, I'll be making ~$60k the next 3 years, then a primary care salary $150k-$190k. My wife will either make ~$80k or ~$100k next year (she is interviewing for a new job currently). My questions that I humbly submit to the community:
Any other input or observations are also welcome! Thank you all. [link] [comments]  |
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