Navient Forbearance Student Loans |
- Navient Forbearance
- NELNET FORBEARANCE
- IDR renewal in the midst of all of this.
- Which student loans go straight to my bank account?
- Should I get a loan or relay on my parents to get through college?
- Employed in the age of COVID...w debt
- Which student loan should I pay off first?
- Fedloan - payment overdue but no payment due?
- Nelnet forbearance with higher interest?
- Can I still pay on my loan even though it has been put on hold until Dec of this year (Forbearance Virus Pandemic)
- Scam call from 6014277183
- Student loan scam letter?
- Student loans covering living expenses as an online student?
- America's student debt 'crises'
- Can I refinance if my loans are in forbearance? (Private loan)
- Is there a way to see how much you paid in interest on public loans, to ensure full 2.5k tax deduction at the end of the year?
- From Navient
- Can you pay for student loans in physical cash?
- Snowball or highest interest loans first?
- Great Lakes Forbearance Date
- Offset Tax Return 2019
- How would you handle the CARES act with my debts?
- Clarification on Loan Interest Suspension due to Covid
| Posted: 06 Apr 2020 09:34 AM PDT I just got an email from Navient. They went ahead and waived the interest and put my loans into forbearance until September 30th. I didn't have to do a thing! [link] [comments]  |
| Posted: 06 Apr 2020 03:15 PM PDT Logged into my account and saw the account status of my federal loans has been updated to "Forbearance Virus Pandemic" with no upcoming due date till the fall. positive news during dark times [link] [comments]  |
| IDR renewal in the midst of all of this. Posted: 06 Apr 2020 06:19 PM PDT I'm with GreatLakes for my loans. Before the Covid 19 situation, I was approved for my IDR renewal. They obviously wait until 45 days out usually to send me my new payment schedule with the monthly amount, etc. Well now that the Covid19 forbearance has come through, it says that my total in November per month would be the standard repayment amount. Am I overthinking this, or will my approved IDR kick in after this forbearance is over? I overthink everything, and I'm just trying to make sure everything is alright. [link] [comments]  |
| Which student loans go straight to my bank account? Posted: 07 Apr 2020 01:38 AM PDT I need a student loan that will put the money right in my bank account in order to start this one trade school program I'm dead set on. They don't use anyone but Sallie Mae which already denied me and sucks anyway. So my only other option is "pay in full" (aka why I need the loan to go just straight to my account). I have no resources, no financial aid office to go to, and I've never had to take out a student loan before seeing as my dad has just paid for community college classes here and there. ANY advice is greatly appreciated. I am in the state of Texas if that makes a difference at all. [link] [comments]  |
| Should I get a loan or relay on my parents to get through college? Posted: 06 Apr 2020 06:01 PM PDT Hi everyone. I'm a 23 years old international student. I used to be nursing student and unfortunately I got dismissed from the program during the end of my junior year because I got less than c 3 times and it made my life a mess. I lost my scholarship as a result of that. I decided to study something new and I'm now I'm studying Business administration with double major in supply chain and operation management and marketing. I'm doing soo much better in business. I started from fall 2019 and my parents are paying for my tuition now to help me to get through college. To help them I started working on campus so I can help with something, but what I make doesn't help me to pay bills, rent, and food expensive. I thought to myself since I'm graduating in 2021 and planning to work in the U.S, that I would take a student loan and not relay on my parents. I feel a have grown and should depend on myself and take the consequences of my failure in nursing. I will be graduating with business degree in summer 2021 What do you think of my situation? Should I get a loan and stop taking money from my parents to help me with the tuition? I would appreciate your opinions and if you have any recommendations, I would be more than happy to read them all [link] [comments]  |
| Employed in the age of COVID...w debt Posted: 06 Apr 2020 07:32 AM PDT Wife and I are both healthcare workers and gainfully employed (for now). I have 157k in federal loans (avg interest 6.35%). She's got about 150k federal (~6.3% interest) and 40k private (~5%). We bought a house in a high COL area last year and have about 380k remaining on mortgage @ 4.375%. No other debt like CC for either of us. Currently, interest on federal loans is frozen, and it appears the CARES act will put our IBR loans in forebarance until Sept. We both work for for-profits and aren't in PSLF, btw. Q: I was planning on making payments for my fed loans as normal with now 100% going to principal instead of the measly like 15% that normally goes towards it. W the forebarance development, I'm now torn. Should I be saving up these funds for a bigger emergency? Should I be getting this soul-crushing student debt balance down? Should I forget about student loans currently and throw more at our mortgage? My wife is still accruing interest on her private loans, so she's leaning towards throwing extra at that. Let me know what you guys think we should do. Thank you! [link] [comments]  |
| Which student loan should I pay off first? Posted: 06 Apr 2020 02:27 PM PDT Sorry if this is a stupid question, but let's say I have 3 student loans...
Unless I'm missing something, I should pay the 2000 unsubsidized first because it is accruing interest, but I may be wrong? Then which loan should I pay next? [link] [comments]  |
| Fedloan - payment overdue but no payment due? Posted: 06 Apr 2020 12:13 PM PDT I had a payment due the 5th I did not want to pay given the forbearance situation with Covid. I logged in today and see no payment is now due but it shows a past due payment. Is it ok to ignore this? Is anyone else in a similar situation? [link] [comments]  |
| Nelnet forbearance with higher interest? Posted: 06 Apr 2020 05:08 PM PDT I have been logging into my Nelnet account daily just to keep track of the changes. I haven't been too concerned about what happened because I've been lucky enough to keep my job and I can keep paying monthly, I was just curious. When I logged in today, I see my next autopay is scheduled for 10/21/2020, fine, but my interest is now showing 6.8% instead of the normal 6.55%. Shouldnt this be changed to 0%? I imagine it at least shouldn't be going up.... ? [link] [comments]  |
| Posted: 06 Apr 2020 08:29 PM PDT I have a student loan with Nelnet and I see my payment due date has been pushed back to Dec on this year. I am fornatute enough to still have a job and was wondering if I could still make payments on the loan? I really wanna pay this loan off as quick as possible, so I don't want to forego any payments until December, [link] [comments]  |
| Posted: 06 Apr 2020 04:25 PM PDT Received a voice-mail from that number just now after the phone rang for half a second (I was staring into my phone when it happened). The message was that there are changes to my student loans and repayment options. I haven't even started paying my student loans yet. So heads up. [link] [comments]  |
| Posted: 06 Apr 2020 07:47 PM PDT Got a forbearance letter today navient postponing payments due to Covid. I have never applied for a student loan. I did purchase a homeschool packet in 2013 for one child in 8th grade due to bullying at her school. This says the loan was in 2014. In the last 6 years it never showed on my credit report and I've never gotten request for payment. However, It looks more official than anything I've ever seen. The only mistake I can see is return address on the letter is Pennsylvania and the postmark is Sacramento CA. Do I just ignore this like a scam call? [link] [comments]  |
| Student loans covering living expenses as an online student? Posted: 06 Apr 2020 07:41 PM PDT Hello I was wondering if anybody knows whether or not this is possible? I am 20 and looking to start college this fall and I was wondering if student loans would pay living expenses while I am studying online? [link] [comments]  |
| America's student debt 'crises' Posted: 06 Apr 2020 09:58 PM PDT I saw a post on Reddit that got a lot of up votes about cancelling doctors student debt, not the first I've seen but the most 'wtf' ones I've seen since from Google, doctors earn 3 times more than their Australian counterparts so $350k in debt for a $300k a year salary is nothing. What's this idea with cancelling student debt? For context, I live in Australia, I went to uni and I'm in debt. I decided to take that on and when looking at further study, I looked at what wouldn't give me crazy amounts of debt. Hardly anyone here I've met cries for debt cancellation because we bought it on ourselves. But Australia has a system where we don't have to pay it back until we earn a certain amount which I thought America didn't have but when I asked on Reddit, someone told me the Government does have a debt system? I understand that everyone is not on this system but wouldn't a better idea to just be take on everyone's loans and do the same thing Australia does? The average American has 30k in student debt, I'd say it's similar to Australia, I'm going to be 44k in debt that I'll be paying for years. The thing is, if you did CS or medicine or engineering, even if your debt is higher than Australia, they make waaaay more than they do here. You can start of in silicon valley with 200k+ per year, that's like someone hitting their peak here. Can someone help with my confusion? I just don't see the need to 'cancel' student debt, maybe some refinancing but that's about it which from what I've seen is/has being done. I could rack up 100k in student debt too but then asking for it to be payed off just...doesn't sound right [link] [comments]  |
| Can I refinance if my loans are in forbearance? (Private loan) Posted: 06 Apr 2020 05:34 PM PDT Hi all. So, basically what I wrote above: If my loans enter forbearance, would I still be able to refinance them? Asking specifically about private student loans (though idk if the type of student loan makes a difference in this situation). I get the feeling that being in forbearance will at best be seen by refinancers as a negative, and at worst that I'll be flat out denied? But there's not much info about this out there. At least no solid answers. Hoping someone here can help. [link] [comments]  |
| Posted: 06 Apr 2020 05:26 PM PDT My scenario is that given the 6 months of forbearance and no interest, I may not pay 2.5k of interest over this year on the 29k in public loans I have. Is there a way to check at the end of the year and make sure I have, or make a bulk payment to take advantage of that tax deduction? Or is it possible at the end of year I just wont have any interest left to pay? For reference in 2019 I paid total 2.4k in interest. [link] [comments]  |
| Posted: 06 Apr 2020 03:27 AM PDT On March 27, 2020, the president signed the CARES Act, which, among other things, provides broad relief in response to the coronavirus disease 2019 (COVID-19) for federal student loan borrowers whose loans are owned by the U.S. Department of Education (ED). As your federal loan servicer, we are contacting you to explain how this law affects your federally owned loans that we service for ED. WHAT YOU NEED TO KNOW First, it's important to understand that the provisions of the CARES Act that affect federal student loans are temporary. The changes to your federal student loans that we explain in this communication will end Sept. 30, 2020. In addition, the interest rate and status changes apply only to your federally owned William D. Ford Federal Direct Loan (Direct Loan) Program, Federal Family Education Loan (FFEL) Program, and Federal Perkins Loan (Perkins Loan) Program loans. If you have other federal student loans that are not owned by ED and/or have private loans, you'll need to contact the servicers of those loans to discuss potential relief options. We've taken the following actions on the federally owned loans we service for you: • 0% Interest Rate - We changed the interest rate on the loans to 0% for the period March 13, 2020, through Sept. 30, 2020. During this period, you will not be charged interest on your loans. • Administrative Forbearance - We placed the loans identified in an administrative forbearance for the period March 13, 2020, through Sept. 30, 2020. During this period, you will not be required to make monthly payments on your loans. If your payments are made through auto debit, those debits will not occur while the forbearance is in place. We will report you as current to credit reporting agencies. Although you will not be required to make monthly payments during this specific administrative forbearance period, payments you would have been required to make between March 13, 2020, and Sept. 30, 2020, will count toward loan forgiveness provided all other qualifying factors are met. Note: If you choose to make payments during the administrative forbearance period, you may do so; however, you'll need to make those payments manually (not through auto debit). Given the 0% interest rate explained above, any payments you make during the March 13, 2020, through Sept. 30, 2020, period will be applied to paying down the principal amount of your loans after accrued interest from other periods has been resolved. WHAT YOU NEED TO DO Keep this notification for your records. We'll communicate with you in August to help prepare you for Sept. 30, 2020, when the 0% interest rate and administrative forbearance period ends. There's no other action you need to take, unless you want to opt out of the administrative forbearance we've placed on your account. If you opt out, we'll remove the administrative forbearance and you'll be required to make monthly payments. Unless you want to continue making payments through auto debit, there is no advantage to you by opting out of the administrative forbearance. The 0% interest rate will remain in effect, and you will not be charged interest through Sept. 30, 2020, whether the forbearance remains in effect or not. To opt out, let us know through one of the options described below in the section, "HOW TO CONTACT US." • If you change your mind after opting out, you can simply request that your loans be placed in the administrative forbearance again. Contact us through one of the options described below in the section, "HOW TO CONTACT US." • If you opt out and become more than 30 days late in making a required monthly payment, we'll place your loans in the administrative forbearance again. HOW TO CONTACT US We're available to help you understand this information. Visit us online at Navient.com or give us a call at 800-722-1300, Monday - Thursday 8 a.m. to 9 p.m., and Friday 8 a.m. to 8 p.m., ET. FOR MORE INFORMATION Federal Student Aid's coronavirus information page includes information about relief to student loan borrowers, including those who have defaulted on their federal student loans. Please visit the page regularly for updates. [link] [comments]  |
| Can you pay for student loans in physical cash? Posted: 06 Apr 2020 01:15 PM PDT |
| Snowball or highest interest loans first? Posted: 06 Apr 2020 04:26 PM PDT I'm at a bit of a crossroads with what to do with the 3k i'll have in a few months saved up not having to pay fedloans and the stimulus check. I currently have 40k @4.8% private 15 yr loan, paying above the minimum at $450 a month ( I hope to refinance for the 2nd time this year ASAP) . I have 29k in 7 public loans @ an average of 4% over 10yrs, paying 330 a month, with one of the smaller loans being $1200 @4.4% and something like a 30 dollar monthly payment. I also have 9k left on a car loan @3.5% that I have 3 years left on. The most cost efficient thing for me to do would be to just throw that 3k into the abyss that is my private loans, but on the other hand I could increase my cash flow by paying off one of my 4.4% fedloans, and getting very close to paying off the next smallest fedloan. I'm struggling with this decision more than I thought I would! [link] [comments]  |
| Posted: 06 Apr 2020 10:06 AM PDT I looked at my Great Lakes Loan that was put into forbearance and 0% interest due to the cares act and it shows forbearance until November instead of October. I was surprised by that as everything I have read was through 30 Sept. I am currently dropping payments into a high yield savings and will make a lump sum payment towards the end of the 0% interest on principle. I was surprised by the November time frame instead of October to go back into repayment. [link] [comments]  |
| Posted: 06 Apr 2020 12:05 PM PDT My 2019 tax return was offset because of my student loans. I called the Department of Education to see if I am getting a refund. They stated seeing how the refund was applied to my account on 03/11 I will be eligible for a refund and will receive a check via mail but they don't have a timeframe at this time. I called the department of education within that week and spoke with 2 other representatives who told me the same thing. I was also told by the collection agency that has my account that the date for refund eligibility is on 03/13 and I won't be receiving a refund. Is anyone else getting conflicting information? [link] [comments]  |
| How would you handle the CARES act with my debts? Posted: 06 Apr 2020 09:20 AM PDT Hi everyone, I'm just curious what my plan of attack should be for my loan situation. I graduated in 2018 with ~98k and have gotten it down to 72k (70 in federal subsidized/unsubsidized, 2k in private) My payment for the 72k (there's like 11 loans so I won't list them all but they range from 3.4-5.7%) is low because I was focusing on paying off other things and trying to pay off my private loan. Since the CARES act is 0% interest, should I take the money I am using on federal loans and put it towards the private loan(interest is 6.1%), or should I keep making my federal payments and let it payoff some of the principal? Mathematically, I guess using the money towards my private loan makes more sense but I guess I'm just looking for confirmation from others to see if it's a good idea. I feel like I'm missing out on some benefits if I don't keep paying my federal loans. [link] [comments]  |
| Clarification on Loan Interest Suspension due to Covid Posted: 06 Apr 2020 08:31 AM PDT Hey, Before I make my payment today, I just wanted some clarifications on this whole loan suspension thing. So I have one FAFSA and one private loan payment every month. To my understanding the FAFSA loan payment and interest is suspended until September and the suspension of payments and interest is automatic, meaning I dont have to make any calls or changes to my account. According to another post in this sub, it will not affect my credit. Is this all correct? [link] [comments]  |
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