Is there an app where I can view and pay all of my student loans? Student Loans |
- Is there an app where I can view and pay all of my student loans?
- What is a FDRL CARES Act Grant? I Apparently Owe My University $1,000 Because of It.
- Should I pay off my student loans??
- Paying Federal vs Private during this forbearance period
- Some questions on Paying off Student Loans
- Will my minimum payment go down?
- Death Sex and Money podcast
- Wells fargo student loans
- Should I go to Yale
- Student Loan Tax Credit Confusion
- hey student loan gurus, i need some advice about how to handle 3 fed loans
- Haven’t filed 2019 taxes yet. My refund was supposed to be offset. Will I now receive it if I file due to COVID?
- Should I continue paying during COVID deferral?
- Today's goal is to refinance...
- How much do I really take out in student loans?
- How are monthly payment amount calculated
- First time taking out a loan and I’m a bit upset. Any advice?
- COVID Cost me income; Need additional loan for rent
- Grad Plus Loan question about employment
- Why can't we declare bankruptcy on these loans? Give one non bullshit reason for why it should be this way.
- Nelnet Changed Payment Address, Am I screwed?
- Undergrad and Graduate school in the same year for FAFSA
- CAN WE STILL GET STUDENT LOANS?
| Is there an app where I can view and pay all of my student loans? Posted: 27 Apr 2020 07:38 PM PDT I have small student loans but they're from 5 different sources, which feels like a lot to keep up with. I want to make sure I don't miss anything when I start paying [link] [comments]  |
| What is a FDRL CARES Act Grant? I Apparently Owe My University $1,000 Because of It. Posted: 27 Apr 2020 10:46 PM PDT Ok so I've been trying to register for Grad School with my Alama Matter. Everything was working fine until yesterday when I found out I had a hold on my account and I owe $1,000 for a FDRL CARES Act Grant. Apparently the Grant was giving out yesterday. I never asked for this grant and I don't understand why I owe $1,000 for it. I've tried Googling FDRL CARES Act Grant and nothing comes up. It doesn't seem to exist anywhere on the internet. But it's listed on my college's Account summary balance sheet. Does anyone know what this is? And how I can get rid of it? [link] [comments]  |
| Should I pay off my student loans?? Posted: 27 Apr 2020 02:04 PM PDT I have the opportunity to pay off my government issued student loans in full., but should I? They sit at about 25k. Student loan interest has been frozen, and there has been whispers of a 10k relief package and full forgiveness by future legislation. I don't wan't to pay them and a couple years later been told they could have been forgiven and I could have used the 25 in a better way. But it would be nice to have the financial freedom and no have to worry bout these loans. What are your thoughts on this? [link] [comments]  |
| Paying Federal vs Private during this forbearance period Posted: 27 Apr 2020 06:23 PM PDT I have a mix of federal unsubsidized, subsidized, and private loans to pay off. It appears I can make targeted repayments through the Navient portal to the private and higher interest loans that are still being charged monthly. Should I go with this strategy and hold off on the federal loans in forbearance? Has anyone had experience with this yet? I currently have money saved for emergency funds (6xmortgage) and still have means to pay loans monthly. [link] [comments]  |
| Some questions on Paying off Student Loans Posted: 27 Apr 2020 05:55 PM PDT Recently, my dad has offered to pay off my student loans. Most of them are with Navient. He wants me to try and get a lower settlement amount out of them and from what I understand that can be really difficult. Dealing with student loan companies is a real trigger for me and I get frustrated and angry really quickly, as I'm sure most do. And my anxiety is going through the roof as I procrastinate making this phone call. So I'm just looking for advice on getting a settlement. If anyone has any advice or phrases that are good to use, I would appreciate it! I'm extremely grateful for my dads offer but I don't want to fail at this call! [link] [comments]  |
| Will my minimum payment go down? Posted: 27 Apr 2020 05:26 AM PDT If I keep paying on my loans while we are all in forbearance, will my required minimum payment go down or stay at the same rate as before the CARES Act was implemented? [link] [comments]  |
| Posted: 27 Apr 2020 07:37 AM PDT This was released this morning if you'd like to take a listen https://www.wnycstudios.org/podcasts/deathsexmoney/episodes/pandemic-student-loans-death-sex-money [link] [comments]  |
| Posted: 27 Apr 2020 08:11 PM PDT I have a wells fargo student loan currently for $7,300. I have been paying on it for close to five years and am just got below the initial balance I borrowed. The interest rate is variable and currently at 7.74%. My mom is a cosigner on this loan and she has great credit. I can't afford to mess up her credit however I have a credit score of about 600. What is my best option? Should i try to get a personal loan to cover it? Should I find a way to get it in my name and not my mom as a cosigner and default on the loan to pay it off in one lump sum and settle the debt? Is it just best to continue making larger payments than required when I can? The interest rate eats away at most of what I apply to the loan so it doesn't really seem to be decreasing much more than $20 a month when I pay about $100 towards it. How can I get rid of the debt the fastest? If I got the debt in my name only should I file for bankruptcy to try to clear it and restart? I don't know how to make it go away as soon as possible. I didn't finish school and only went for about a year and work a job I can't make more than 30k a year currently. I also heard of a site called sofi that buys student loans and refigures them. Is that a good option? [link] [comments]  |
| Posted: 27 Apr 2020 08:14 PM PDT Recently due to Coronavirus an opening in competitive graduate music program at Yale opened up. I'm pinching myself in disbelief, but also running the numbers... Even with full tuition scholarship and a 4k stipend I can't justify the student loan debt I would need to incur (108-116k total). They have campus jobs, but nothing close to the 58k per year I would need. I'm assuming 24k annually to live in New Haven, Connecticut and approximately 34k lost income annually for my family who won't be moving... Not to mention, it won't affect my earning potential one cent when I finish. Currently making 50k annually as musician in the Southeast... Any Advice? [link] [comments]  |
| Student Loan Tax Credit Confusion Posted: 27 Apr 2020 06:43 PM PDT I am 100% confused on the topic of the 2.5K tax credit that is given to any interest paid on the loans. I have 15.9K left in government loans ranging from 3-4% on interest. My minimum monthly payment is around $150. Right now I can afford to pay off the loan entirely, but have decided not to due to pandemic forbearance period. However, after the forbearance period is over... does it make more sense to only pay the minimum each month and write off any interest payments as tax credits making these loans essentially 0% interest? What are the risks involved in doing this? [link] [comments]  |
| hey student loan gurus, i need some advice about how to handle 3 fed loans Posted: 27 Apr 2020 02:56 PM PDT i was an a-hole and haven't paid on 3 of my student loans in... years. my credit already blows because of that, so i get it. i'm trying to fix the mess. i had to file forebearance frequently due to life circumstances (original grant: $16k). obviously i have accrued a lot of capitalized interest, so i haven't even touched my principle with the payments i have made. my DTI ratio on my credit report is well over 100% now, and since my partner and i want to purchase a house in the next 2-3 yrs, i have to clean that up. (i have 0 other debt, personal loans or collections.) come mid september, my plan is to pay off the current interest accrued on these 3 fed loans through navient ($5,296) and potentially do a direct loan consolidation. would that help my DTI ratio by resetting my loan repayment? i believe i'd get a 6.15% weighted interest rate using my current rates, so it's not a huge loss (to me; am i wrong?) i want to get these paid off in 5 years max.
total principle: $21,882 TLDR: is direct consolidation for a former serial federal loan forebearancer a good idea, or should i just stick to my existing navient/dept of ed loan terms (payment until 2030 as the plan stands)? is there even a point? i'm not looking to refinance to a private loan. i've seen people get some really good financial advice here, so i figured i'd shoot my shot and see if anyone's had a similar situation, or knows what i should do for mine. thanks for reading and be well, everyone [link] [comments]  |
| Posted: 27 Apr 2020 09:39 AM PDT My tax return was going to be offset this year as it was last year. With that said, I haven't filed my 2019 taxes yet as I was planning on making the necessary payments to get out of default and then extend my deadline to October 15. But now, I'm seeing people who's taxes were supposed to be offset, still get their returns. Can I have some clarity here? If I file now, will I get my return or will it be offset? I didn't plan on getting my return, so this would be huge for me. Thanks. [link] [comments]  |
| Should I continue paying during COVID deferral? Posted: 27 Apr 2020 02:37 PM PDT I have just under 26k of student debt remaining all fed government owned loans. The average interest rate is just North of 5 percent. 3.1k is at 6.8%. My monthly minimum is 526. If I eliminate the 6.8% debt which is across three loans, my new monthly minimum will be 441 or an 85 savings each month. My plan was to continue paying 525 over the next 6 months of deferal and Target the 6.8% loans to wipe them out and reduce the monthly minimum when we are on the other side of the COVID deferral. Where I am struggling is I know it is not advised to prepay interest free debt which this essentially is right now. However in my view it's only a matter of time until that interest clock starts again. Also I know I could pay a lump sum of the 3.1k right before the defferal period ends for the same result but that is just a harder cash flow pill to swallow pyschologically I suppose. My other debts are an auto loan at 3% and mortgage at 4.75%. I already have an emergency fund saved and would be able to pay this down out of operational cash flow pending nothing happens to my employment in the foreseeable future. Any thoughts? Thanks for reading in advance. [link] [comments]  |
| Today's goal is to refinance... Posted: 27 Apr 2020 06:43 AM PDT So, I am looking to refinance my student loans today I have a private loan with two Discover loans: $5400 at a variable rate of 7.750% $36900 at a fixed rate of 7.740% Both come in at a monthly payment of $370 which I only pay $380 per month. My FedLoan is: $22,100that currently is going through the Care Act but, prior I would be paying per month $330 per month. This rate is lower at approximately 4-5% Should I only refinance the discover loans?????? I am using a program called Credible. My friend was able to get his loans lowed to a rate of <4%. My short term goal is to lower my monthly payments so I can kill my credit card debt which is at $4500, Then aggressively attack my student loans. [link] [comments]  |
| How much do I really take out in student loans? Posted: 27 Apr 2020 11:07 AM PDT So I've been accepted into Embry Riddle Aeronautical University in Daytona Beach and if you don't know much about this school, it is notorious for being expensive. Now it would cost me about $$55,000 a year to attend this university. I have received a scholarship of $22,500 that is renewable each year. I have also received a one time $5000 grant for my freshman year and $5500 worth of government loans. This brings my total aid to $33,000 which means I will be paying $22,000 myself each year. How do I do this? Will I need to take out a student loan of $22,000 each year? My parents EFC is $8000 dollars and they can contribute that amount to my education. This will bring my needing to pay about $14,000 with loans? Is this too much? I don't want want to end up being in debt I can't ever payoff. [link] [comments]  |
| How are monthly payment amount calculated Posted: 27 Apr 2020 04:03 PM PDT I have been playing with the student loan calculators and have been trying to verify the monthly payment amounts. Does anyone know how this is done? For instance, if I have a federal loan- $10k at 5% interest how is the monthly payment planned out for say- the standard repayment plan? online "by the books" it says my monthly should be $106.07. But I can not get to that number. 10 years of equal payment= 120 payments Daily int rate- .0003169 From there I cant create an amortization schedule that matches what a loan calc says! [link] [comments]  |
| First time taking out a loan and I’m a bit upset. Any advice? Posted: 27 Apr 2020 03:30 PM PDT I need to take out a loan to pay for my summer classes. I'm a bit anxious because I'm against the idea of taking out a loan, but I've spoken to my parents and they said it was okay. What are some tips to saving to pay the debt off? What comes with taking out a student loan? I'll also look for some advice on FAFSA's website. Feel free to take this post down if it's not following the guidelines of this sub. Thank you so much. [link] [comments]  |
| COVID Cost me income; Need additional loan for rent Posted: 27 Apr 2020 11:19 AM PDT For background, I am currently a law student and took out the Stafford loan and GradPLUS loans to cover my tuition and cost of living for this school year. I only took out enough to cover up until I started working this summer. I did not use my parents as cosigners. Unfortunately, because of COVID, my clerkship has been postponed and as a result I cannot cover rent for this summer yet. My parents advised that I take out another private loan to cover rent, which makes sense to me. They are unwilling to lend me money as they are planning for retirement and my father lost his job as a result of this a few years ahead of schedule. While we are not in dire straights, it is apparent that beyond cosigning, I am on my own. With a cosigner, I easily get approved for a loan for the summer term from private lenders (So far only looked at Sallie Mae). The issue is, I am not taking summer classes. The student loan is approved subject to pending approval from my school. I am worried that the school will not approve the loan because it is not covering school tuition, rather, it is covering living expenses. Additionally, am I exposed to some sort of liability for taking a school loan and not using it for the summer term? I don't want to commit fraud or something in doing so. If this is not an option, please advise what type of loan/lenders should I go to to get a loan to cover my cost of living for (at least) the next 6 months until I can work again. [link] [comments]  |
| Grad Plus Loan question about employment Posted: 27 Apr 2020 07:12 AM PDT I am applying for a grad plus loan for the fall of 2020. I am currently employed as ive been out of school since december but I am beginning grad school in the fall and I will not be working as I will be in a full time Doctorate degree and wont have time. Should I mark that I am employed on the grad plus loan application when I fill it out? I don't want to get less money because it thinks im employed when i wont be at the time i start school. Thanks. [link] [comments]  |
| Posted: 27 Apr 2020 02:35 PM PDT |
| Nelnet Changed Payment Address, Am I screwed? Posted: 27 Apr 2020 03:04 AM PDT So I made an ACH transfer to NELNET 5 days ago to the GA address on my statement, as they instructed. I last paid to the GA address last February, they never sent me an updated statement. So I noticed it never processed after a seemingly long time so I fiddled with the site and noticed now they have payments going to OR apparently? I have a lot of money lost to that GA address and I don't know where it's going, anyone got any advice? [link] [comments]  |
| Undergrad and Graduate school in the same year for FAFSA Posted: 27 Apr 2020 08:39 AM PDT My friend is in a dilemma. He is returning to school to complete his undergraduate degree. He only needs two semesters to finish the Bachelors degree and he is about to start graduate school in the fall. He will complete his bachelors degree during his first semester as a graduate student . A section of FAFSA asks whether you will have your bachelors before the beginning of the 2020-2021 academic session and whether you are beginning a graduate degree in the fall 2020 semester. He answered " yes " that he will be beginning a graduate degree in the fall and he was denied a pell grant. He went back and changed his response to whether he will already have a bachelors before the beginning of fall semester as "no" and he recieved a pell grant. He is confused and doesn't know the right thing to do. [link] [comments]  |
| CAN WE STILL GET STUDENT LOANS? Posted: 27 Apr 2020 12:23 PM PDT I'm confused on whether we can still take out student loans or not [link] [comments]  |
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