90k in student loans. Student Loans |
- 90k in student loans.
- COVID Now Displaying in Federal Nelnet Accounts
- I can't stop thinking about my loans
- School returning leftover money to loan agency from missing quarter
- A little late to the sh*t show, but...
- Student Loan Help
- $164k of student loans worth it???
- Post-Graduation Loan Planning
- Approval odds for private loan without co-signer for accelerated nursing program?
- How do those of you with high balances manage to check your loan servicer site when needed?
- Loans were on pause, now it says I have a payment???
- Excel sheet for student loan payoff while in school?
- Paid ahead status
- When do my student loans hit my credit report?
- 1098-E and interests
- 60 grand in student loans?!
- Best option for funding accelerated nursing program?
- Refinancing Rates spiked
- The Cares Act Forbearance was applied but Interest Rate still not adjusted
- What is the best way for me to pay off these loans for nursing school while thinking about going back to grad school in the future?
- Loan interest question
- Question: Voluntary payment of loans during forbearance?
- Pay off strategy?
- What are the least terrible options for taking out private loans?
| Posted: 08 Apr 2020 12:59 PM PDT Hi everyone, I just got admitted into a nursing school. However, it is very expensive with tuition being 60k for the whole program and 15k worth of housing for the 16 months id be in school. Additionally, I need money to live so I was thinking of living off of 800$ a month so about 13k for the 16 months. This means i would need about 90k worth of loans. I understand this is a crazy high amount, but i would graduate a semester earlier than planned because it is an accelerated program, it has a 100% NCLEX pass rate which is VERY good and the location of the school works perfect for me since my cousin goes to school in the same city so my family and I go often to visit him so I know the city well. Starting pay for nurses in Texas is 60-70k depending on the city. My plan is to come back home, work for a year and pay back my loans aggressively and once that year is over I would want to do travel nursing since travel nurses can get paid anywhere from 2-5k a week with housing included. I would like to add I would have my BSN by 21 so I am still very young which is why I would not mind going in debt since I do not have any personal expenses other than tuition and rent and personal expenses. My phone and car bills are paid by my family. Would you guys go for it? Has anyone taken out a high amount of loans for nursing school? Thank you! [link] [comments]  |
| COVID Now Displaying in Federal Nelnet Accounts Posted: 08 Apr 2020 02:04 PM PDT Hi guys, I pay monthly payments on two Nelnet accounts that begin with E. I just logged into both my Nelnet accounts today to finally see some solid reflections from Covid. Both my graduated repayment loan account and my parent's parent plus loan account show a status of "Forbearance Virus Pandemic". Both accounts are still enrolled in autopay, but instead of the next payment date be this month, it is properly showing 10/21/2020. Thanks Nelnet folks for working around the clock to update this. Have a good day everyone. Be safe. [link] [comments]  |
| I can't stop thinking about my loans Posted: 08 Apr 2020 05:02 AM PDT I can't stop thinking about my loans. I'd be doing some menial task- minding my own business- and BAM sudden thoughts about how much debt I'm in (50k) and going to be in when I graduate. Its so bad, it disrupts me from living. I'll stop what i'm doing and stare into space in the middle of a mini silent anxiety attack. I try to stop thinking about it, but all of a sudden, I'll think about it again an hour later. Especially since we're quarantined, I'm not normally distracted by my busy schedule. I mean, I do plan on paying it back once I get a good job... but just the thought of having to pay 1000 dollars a month for 10-20 years is frightening.... I suppose it'll all be worth it in the end though if I get a job with 60-100k salary I don't like thinking about this it makes me feel worthless and undateable and gives me so much more anxiety than i thought it did. any advice to gain mental strength? [link] [comments]  |
| School returning leftover money to loan agency from missing quarter Posted: 08 Apr 2020 10:59 PM PDT Hi! I go to a small private quarter system school. I missed the winter semester because I couldn't get my loan approved and I missed the registration. Cool. So I have a 19k private loan for three semesters, disbursed into three 6k payouts. One right after I was approved, one about a month after, and one just disbursed this week (April 5th). So I found out that apparently the leftover money, about 6k for winter quarter, is being sent back to the Loan agency, instead of me. They took off room&board, about 2k, and gave us a $500 discount for COVID-19. Apparently, without the winter quarter payment, I only get 500 back. I literally barely get money back that they gave to me from a pandemic. They can do this? I can't get the money back. Is there a way to contact the loan agency? They never said to me that they'd do this. If I took the loan out and will owe 19k, why give them back the money? Thank you! I know this sounds confusing but I appreciate people answering. [link] [comments]  |
| A little late to the sh*t show, but... Posted: 08 Apr 2020 05:22 PM PDT I wanted to let my fellow Navient peeps know that the administrative forbearance does indeed count toward on-time payments for loan forgiveness! Got an email from Navient the beginning of this week explaining most of the questions I've seen on this sub, but one that I haven't seen explained in full was that (at least in the case of Navient) the forbearance is still counting as in time payments. I don't plan to need that, but for anyone who does I hope this brightens your day/week/month! [link] [comments]  |
| Posted: 08 Apr 2020 02:09 PM PDT Hello, I have a very high Private (ugh Sallie Mae) student loan that is almost at 10%. I am paying over $1000 dollars a month in student loans and it is killing me financially. During this time are there any institutions or ways that I can lower my interest and payments? Thank you in advance for your help and advice. [link] [comments]  |
| $164k of student loans worth it??? Posted: 08 Apr 2020 10:45 PM PDT Hi, I am a high school senior, aspiring to become a physician assistant, and I am choosing between two colleges: Saint Louis University (majoring health science on the pa track, which guarantees pa school), but will cost me in total $164,000 (Undergrad: $18,444*4 + Graduate: $90,000) University of Texas at Dallas (state school and majoring in healthcare studies and health management, but has no guaranteed pa school as I will have to apply as a traditional applicant), but will cost me $67,000 (Undergrad: $6,242*4 + Graduate (estimate depends on where i attend): $42,000) I live in Texas so there are very good pa schools that I am interested in. Is it worth it that I go to Saint Louis University with the debt and guaranteed pa seat or go to University of Texas at Dallas with less debt and apply to pa school traditionally. Please let me know think and Thank you so much! [link] [comments]  |
| Posted: 08 Apr 2020 04:45 PM PDT Hey guys, first time posting. I'm graduating in a month and trying to figure out a good strategy for budgeting/student loan repayment. I have about $90k in federal loans. I'll be earning about $72k this year and moving to big law the year after with $240k (hopefully my offer remains given the likely recession). I really want to pay off my loans in the shortest time possible but I live in a high COL city. Any advice? [link] [comments]  |
| Approval odds for private loan without co-signer for accelerated nursing program? Posted: 08 Apr 2020 10:24 PM PDT Hi guys. I will be attending a very expensive(about $75k) accelerated nursing program. I need to take out a loan for tuition and fees only. I have about $40k in undergrad debt(enrolled in PSLF) and 1 collection account on my report(I'm disputing it). My score is 700-720. Do you any of you guys with a similar credit history have any experience taking out a private student loan without a co-signer? If it comes down to it, I can get one, but just wanted to explore this forum. I should add that I am not concerned with taking out a private loan because it would be my first private loan, and my hospital qualifies for the nursing corps forgiveness program. I just want to know if anyone with my similar background has been able to take out a private student loan. [link] [comments]  |
| How do those of you with high balances manage to check your loan servicer site when needed? Posted: 08 Apr 2020 09:55 PM PDT I have a really high balance and I started a new job in my field so I have to go recalculate my payments and maintain compliance with my loans (was paying 0 before since I was part time and effectively disabled). I know i have to log into my account this weekend, but im terrified because I know im gonna have a huge number glaring at me. What do yall do to kind of calm yourself enough where you can take care of any business with your loans? [link] [comments]  |
| Loans were on pause, now it says I have a payment??? Posted: 08 Apr 2020 05:34 PM PDT So, my account was put under a forbearance due to Covid and now it suddenly says I'm on a standard payment plan??? Um, what? I never changed my status and my interest is still collecting. [link] [comments]  |
| Excel sheet for student loan payoff while in school? Posted: 08 Apr 2020 03:10 PM PDT I am currently working on my masters and I should be finished by August of 2021. I have created my own excel sheet to estimate what my monthly payment would be, but it doesn't work out quite like I want. Some of my undergrad loans are subsidized so they're not earning interest yet, which will ultimately change what my actual monthly payment will be. Does anyone know of an excel sheet that accounts for this, or maybe an equation to fix this? Thanks in advance. [link] [comments]  |
| Posted: 08 Apr 2020 06:06 PM PDT My borrower is Great Lakes and my loans have gone into forbearance. I was paid ahead by 6 months and I was wondering if that would still be the case after the forbearance is lifted? I haven't lost my job due to the pandemic so I'd like to make payments as normal. Would this contribute to my paid ahead status as well? I really like having my loans paid ahead in case of an emergency. My loans were under IDR but I never updated my information because I can afford the maximum payment currently. I don't know if that impacts anything. Thanks! [link] [comments]  |
| When do my student loans hit my credit report? Posted: 08 Apr 2020 12:06 PM PDT Hello All, I graduated back in December and my deferment period for my federal loans end in mid-June. My wife and I are in the process of having a house built. My issue is that our mortgage lender will be running our credit in July to lock in the interest rate. My credit score is excellent, and I fear that it will drop significantly once the loans go into a repayment status. My loans appear on my credit report, but they have zero effect because of my deferred status. I called Mohela to see if I can defer another 6 months and they said that I have to wait for a bill to come in the mail and then they can evaluate my options. To sum up, my loans ($19,000) go into a repayment status on June 14th. How soon after June 14th does my credit report show this change? Will my credit score drop much? Any insight would be appreciated. Thank you! [link] [comments]  |
| Posted: 08 Apr 2020 05:45 PM PDT In the past 3 years, I have not paid more than $600 in student loan interests according to my 1098-E forms. For example, in 2019 I paid $550 just shy of the $600 minimum requirement to receive tax deductions. Are their tax laws or programs that allow me to received credit / deductions if the interests accrued per year was less than $600? [link] [comments]  |
| Posted: 08 Apr 2020 05:33 PM PDT How do I pay this back? I never can get any thing that pays more than pt.. I still have some schools I want to attend for further training in acting. Any ideas? I can't work as an office assistant..CSR jobs are non existent. Thanks [link] [comments]  |
| Best option for funding accelerated nursing program? Posted: 08 Apr 2020 05:18 PM PDT My daughter will graduate from a major state university in May with a BS in HDFS and roughly $20k in federal student loans, the rest having been paid in cash by her mother and I. Upon graduation she will be rolling directly into the fifteen month accelerated nursing program at the same university, at a cost of roughly $35k. This will be paid entirely by her, as we will be starting to pay for her younger sibling in the fall. The federal aid package is fairly dismal, only $6k in unsubsidized loans offered. Frankly I'm surprised that with a sibling entering college she would not qualify to borrow the full cost of the tuition. The program is not graduate level so she does not qualify for grad plus. Also should mention that apparently there will be no federal aid available for the summer term because the program only schedules 11 credit hours. It seems like our only option is to find a private loan and I will have to cosign, which I would do but am not really thrilled about. Am I missing anything here, and if not - can anyone recommend a private lender for this situation? Thanks for any suggestions. [link] [comments]  |
| Posted: 08 Apr 2020 05:14 PM PDT Hello, sorry if this is a dumb question. I am curious as to why student loan refinancing interest rates increased? I was looking to refinance right before the pandemic and rates were about 4.6%, now I'm getting quoted around 7%? This was all before they put a hold on federal student load interest rates. I thought that interest rates might drop because they will be less likely to pick up new customers. I guess it's the opposite? Are they concerned people will lose their jobs so its higher risk now? [link] [comments]  |
| The Cares Act Forbearance was applied but Interest Rate still not adjusted Posted: 08 Apr 2020 04:54 PM PDT When I called FedLoan today the person was surprised and wasn't sure why this was the case. She transferred me to another person who said this was strange and to keep checking as it should have been done (adjusting the interest rate) at the latest a few days ago. The person I spoke with yesterday said it should have been done a week and a few days ago and asked why I didn't call sooner (I did call and email several times over the last week and got varying answers). At what point can I file a complaint to make sure that I don't get screwed over by FedLoan? [link] [comments]  |
| Posted: 08 Apr 2020 01:17 PM PDT Im 22 and just about to finish my undergraduate degree in psych/neuroscience. This education cost me $27,000 in federal loans, with an interest rate of 4.53%. I am starting an accelerated second bachelors degree in nursing next month. I got a scholarship, so the program will cost me one federal loan of $4,000 with a 4.53% interest rate and a private loan for ~$42,000 at an interest rate of about 5.95%. In total, I'll be just over $70,000 in debt to be an RN, but nurses in my area make over $70,000. I am supposed to graduate in fall of 2021 as an RN. I plan to work as an RN for all of 2022 and 2023 and save money and pay huge amounts toward my current student loans... I'd like to pay as much as $2000 a month for several year to knock them out quick before taking out even more loans for grad school. I can live from home and my parents assist with a lot of my expenses so this is reasonable on $60-70k a year. Plus, I'm willing to work overtime and get a side job if needed. After about 2-3 years of this, I want to go back for an advanced nursing degree. The programs I'm looking at range at $40-100k, however, I'd be doubling my salary for some of these tracks or possibly even tripling my salary. I'm looking at CRNA programs which can cost about $90k for 3 years programs, but a lot of them make a salary well over $200k in my state. Would this be worth the investment? Basically, how can I knock out or at least make a large dent in $70k in undergrad loans within 2-3 years before I take out another $40-100k in grad loans for an endgame salary of $150k-200k with my dream career? [link] [comments]  |
| Posted: 08 Apr 2020 01:10 PM PDT My loans are in forbearance like everyone else. If I reset my autopay and continue to make a monthly payment will the interest start to accrue again or will there be no interest accruing at all during these next 6 months? Thanks [link] [comments]  |
| Question: Voluntary payment of loans during forbearance? Posted: 08 Apr 2020 07:06 AM PDT I currently have a slew of loans that are held by the DoE so they were automatically put in forbearance by Navient. I am fortunate enough to keep my job during this pandemic, so I would like to keep paying off my debt. The loans are a mixture of unsubsidized and subsidized loans, but I have already graduated.
Thank you in advance for the help. I'm pretty new to this stuff. [link] [comments]  |
| Posted: 08 Apr 2020 11:54 AM PDT I have about 15K in federal (4.5-5%) loans coming due in August. With everything going on in the world, frozen interest/payments, etc...wondering if I should be super aggressive or pay the minimum over a longer period of time. I think I should pay the minimum until the dust settles, just in case we get any big breaks from gvt in the near future. Also, I'd like to start saving more for a house and would rather have low payments on the loans if it only means paying an extra 5K in the long-term, rather than totally cashing out and starting from 0.00 after a year of hard work. Thoughts on any of this? [link] [comments]  |
| What are the least terrible options for taking out private loans? Posted: 08 Apr 2020 11:49 AM PDT Hello, I'm considering attending a second degree nursing program that would grant me a BSN in 16 months. These programs are pretty expensive, and unfortunately, the only one I got into is going to set me back about $60K at least. Before you suggest applying to cheaper schools/going to community college - you can't get a job as a nurse in my area with an ADN, and I don't have much time to apply to other BSNs because my prereq courses expire soon. I was rejected by all the more affordable in-state (CA) schools. Since I didn't take out loans for my first degree, I do have $12,500/yr in federal loans available. I will be on the hook for the rest of the expenses. While I'll be living with my fiance to try to cut down on living expenses, I still anticipate I will need to cover ~$50K+ for the rest of tuition, books, fees, insurance, gas, food, etc. The good news: I've saved up about $60K for this, I'm really hoping it helps. I know how expensive life can get though, so I'm sure it will be a drop in the bucket. I plan on living as frugally as possible. My credit is good but not great, so I would imagine my only loan options will be quite high interest. What kinds of loans should I look into? [link] [comments]  |
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