$50,000 paid since I graduated one year ago. Student Loans |
- $50,000 paid since I graduated one year ago.
- Pay student loans?
- My credit score dropped because my federal school loan says deferred. I’m still making the monthly payments. Can I dispute it since the government deferred, not me?
- Health Workers Loan Forgiveness - Should I stop aggressively paying my loans?
- Navient still charged me even though I’m on Forbearance.
- Student loan or new credit card
- How does private student loan interest work?
- Letter From Collection Agency
- If I pay my college due payment before the student loan pays it, will I be able to report that in taxes? CUNY (NY)
- How does sallie mae interest work?
- Is a FFELP loan public or private?
- Wyotech Borrower's Defense Decision
- How long does it take universities to process Parent Plus Loans on average
- Anyone with Navient as their lender still accruing interest ?
- Sallie Mae denied my final student loan because I “failed” their questionnaire.
- In a bit of a unique situation and need some advise!
- what do I need to know?
- Applying for private loan
- How to calculate interest on unsubsidized federal loans while in college?
- Going to graduate with $11,000 in student loan debt
- How can I get away without paying my student loans?
| $50,000 paid since I graduated one year ago. Posted: 08 May 2020 08:33 PM PDT Exactly one year I graduated with a masters degree and $60,000 in student loans. I had began my graduate program (costing $45,000 in loans) right after my undergraduate program (costing $15,000 in loans). Thankfully, both degrees were in pretty strong fields (both were in compsci + finance) and I was able to start working for $95,000. Since then, I switched jobs and am now making 110,000. I have spent the last twelve months living like a hermit, so this whole covid lockdown thing is basically what I would be doing anyways lol. I spend quite little on entertainment, I can't remember the last time I was actually in a restaurant... I've been able to make consistent payments of $3,000 each month. With my recent tax returns, reimbursed PTO, and stimulus check I was able to recently make a $12,000 lump sum payment in addition to those regular payments. So here I am one year after graduation with just $10,000 left. I feel pretty sure I can finish that in three months. There is so much I want to do after: 1. I've never been on a vacation before. Like, ever. I really want to see what all the fuss is about. I've heard good things about Cancun? 2. I really love interior design. I am excited to actually build my home with quality furnishings. My boss makes fun of my current apartment furnished with patio chairs. 3. I've always been pretty skinny (150lb @ 6'0"). Once I finish SL, I'd like to bulk up on protein rich meals and focus my sheer force of will upon regularly hitting the gym. 4. I've stopped dating for the last year to focus on my finances. I knew it'd be a grind and I didn't want to share the emotional burden. Excited to rekindle that fire. 5. I have a bunch of younger siblings about to start college soon. I'd like to contribute some of my income to help them avoid the stress that has loomed over me since I first started college. 6. I really want to be an early home owner. I'm only 23 years old right now, but I'd love to own a home outright before I'm 35. 7. Did I mention I haven't eaten out recently? Ah I miss a quality served meal. I'd love to just eat out every day for one whole month regardless of cost. I am positively stoked to finish this up. Eliminating this debt has been the only thing on my mind since 2014... I can't believe I am finally approaching the end of the era. [link] [comments]  |
| Posted: 08 May 2020 07:11 PM PDT We all know about the current climate right now in the USA, and since there's no longer any mandatory payments or interest (for 5 months at least), should I be making payments? Or should I wait and see if Trump or Biden cancels student debt? If one of them did, they should reimburse any payments made during the Covid 19 pandemic, or go back even further. I know it's unlikely Trump would cancel student debt, or even Biden—but if we have another Great Depression, it's not outside the realm of possibility. This is not some crazy idea given all the shit that's happened. [link] [comments]  |
| Posted: 08 May 2020 05:52 AM PDT |
| Health Workers Loan Forgiveness - Should I stop aggressively paying my loans? Posted: 08 May 2020 08:37 PM PDT I know it sounds far fetched but I'm AT LEAST banking on federal forgiveness. I've been paying my private loan AGGRESSIVELY and am down to owing $11,000. Should I halt just to wait and see or just not hold my breath? Side Note: I have federal loan I don't plan on paying for until interest accumulate again. [link] [comments]  |
| Navient still charged me even though I’m on Forbearance. Posted: 08 May 2020 06:09 PM PDT I just checked my bank account to see my student loan payment was taken out, even though I called them a month ago and got the 90 day forbearance. They assured me it would start this month. Even though that went to my loan, that money is gone. I really needed it this month. I'm so furious. I have never missed a payment and they have treated me like shit since day one. The one time I need help they do this... I know there is nothing I can do now. I just wanted to vent. [link] [comments]  |
| Student loan or new credit card Posted: 08 May 2020 08:22 PM PDT I'm not sure if this is the best subreddit for this but I think it's close enough. I am planning/hoping to take summer classes at my local university as a non-degree seeking visitor. It is part of a DIY post bacc for premed. The total cost for summer is ~6k . I have money saved up and was hoping to only take a loan of roughly 3.5-4K. However I need a co-signer, and at the moment my mother can't co-sign as her and her business partner applied for a small business loan and are waiting to get approved. So she doesn't want her co-sign to cause her business not to get the loan. So my thoughts were that I can wait another week or so to see if she hears back, but I'm on a time crunch as the deadline for registration is June 19th. Or I was thinking of opening up a new credit card and splitting the 6k between this credit card and an old one I've had. I'd look for a new credit card with great benefits ofc. I really don't want to open a new credit card as the internet rates are much higher then a student loan. TLDR; trying to get a student loan but no co-signer. Thinking of getting new credit card to pay for tuition [link] [comments]  |
| How does private student loan interest work? Posted: 08 May 2020 08:17 PM PDT Let's say that I take out 10k from a private student loan lender with a fixed interest rate of 10%. And im going to graduate in 2 years. Would that interest rate accrue monthly or yearly? And does it start accruing the instant I start borrowing? Im also wondering, what would be a recommended fixed interest rate when taking out a private student loans? [link] [comments]  |
| Posted: 08 May 2020 10:28 AM PDT So I've had my private loans sold to a collection agency for many years now. I was spending them letters of verification on debt. I just got a letter stating: " This letter is to confirm that we have closed our file and terminated collection action" Was this loan sold off to another place? was it written off? Are they just not collecting? Is this good? [link] [comments]  |
| Posted: 08 May 2020 10:58 PM PDT You know that you get money back after filing taxes if you pay the tuition yourself. Now, you don't get shi# if you use students loans(I know, this is so messed up because these are loans that we literally owe and we get nothing back but a charge on interest each months). So, I want to know if I can pay first the charge due before the loan in order to get a tax refund next year... Is this possible? [link] [comments]  |
| How does sallie mae interest work? Posted: 08 May 2020 09:14 PM PDT Has anyone borrowed from sallie mae? Does this private loan charge interest while your in school or after you completed school? Feedback on sallie mae? I'm getting a second bachelors and I'm going to need to use private loans. [link] [comments]  |
| Is a FFELP loan public or private? Posted: 08 May 2020 07:54 PM PDT Haven't found an answer one way or another online. Loan is funded by navient but guaranteed by the government. Sounds like a private loan to me. Called navient and they said it was a "commercial" loan. Any thoughts or can anyone point me I. The right direction. [link] [comments]  |
| Wyotech Borrower's Defense Decision Posted: 08 May 2020 11:05 AM PDT Back in Jan 2020, i received a letter saying my Borrowers Defense applicatoin for Wyotech was approved. They calculated based on their research that wyotech students taking the program I was enrolled in make about 10% less than similiar students from other programs, and as such they would only forgive 10% of my loans. This was disappointing for me, but I guess at least a partial win. Still I have heard nothing from Navient on the loans, and they are still in forebarence. Does anyone have any insight on this? Is there a chance a larger percentage or all of the loans will be forgiven based on recent activity with Devos? [link] [comments]  |
| How long does it take universities to process Parent Plus Loans on average Posted: 08 May 2020 02:19 PM PDT Applied & Verified for a Plus Loan W. Parent on the 24th of April University says they do not see it on my record anywhere but as of right now deferred any late fees on my account for the summer semester pending this loan arrives. If FAFSA sent credit approval why would the school not have gotten it yet? [link] [comments]  |
| Anyone with Navient as their lender still accruing interest ? Posted: 08 May 2020 01:40 PM PDT Or any other lender, just from asking around though it seems like I'm the only one thats had money added to my total amount owed , once in late April and then again 3 days ago. My friends with different lenders have not had this same experience. The first time I called a representative told me my total was increased from interest I had accrued before March 13th (loan freeze start date) and just being added to my account now. I accepted that explanation because even though it was April 20th I just figured they were backlogged. Now we are in May and I just got another addition to me total debt amount and it seems a little late for it to still be from interest I owed before March 13th? But who knows I called them again and looked closely at the website but of course there's nothing like a history of transactions that shows where these additional increases have come from and the representative on the phone had no clue either how to track that down. Has anyone else experienced this recently with their federal loans? I was considering filing a complaint with the consumer financial protection bureau but wanted to see if there was another explanation for this before I put in all that effort. [link] [comments]  |
| Sallie Mae denied my final student loan because I “failed” their questionnaire. Posted: 08 May 2020 09:33 AM PDT I applied for my final loan of about $3,000 for the upcoming fall semester. I graduate in December. I am 27 with great credit and have been instantly approved without co-signers every time. This time it said I needed to call them. I called and the lady started asking me questions about my degree, how much do I expect to make in my first job, how do I plan to pay back everything, where and when all of my internships were, etc. She came back and said "sorry, we are unable to extend an approval to you at this time" and I asked if I had provided different answers if it would have made a difference. She said she wasn't sure. This just felt so strange to me to stonewall me on my final loan when I'm already in debt to you. Wouldn't you want to make sure I'll have the money to graduate? I have other means to pay, but this was so weird to me. [link] [comments]  |
| In a bit of a unique situation and need some advise! Posted: 08 May 2020 09:19 AM PDT So as the title states, I'm in a bit of a unique situation and need some help prioritizing my finances. I will try to be as clear as possible. Currently, I hold about $25k in federal student loans. Zero debt anywhere else, only in in my loans. Make about 2.5K a month, maybe more if i decide to work OT. I will be attending graduate school come January, so i will be taking out more loans, obviously. My plan pre-covid was to pay the minimums and save money for school, take on the new debt, then consolidate/refi once I graduated and locked down a job. Now with the 0% interest I've been paying down a little more in hopes to get a little further. BUT I've since applied and am now in a good spot to be awarded a US Navy scholarship that will pay me throughout grad school (they wont be paying tuition or the school, just a salary to me every month) starting January 2021 . I will own them 3+ years afterwards which I am very much looking forward to. Guess my question is do I continue aggressively paying down loans now and throughout school if I can afford it (while still taking on new grad loans), or simply continue to pay the minimum and continue on with the original plan? Assuming I am awarded the scholarship, does being an active military member have any benefits on interest rates? I will technically be active military while in school, but I know my loans will be in deferment at that point. Assuming I do not get the scholarship, is my original plan a good one? Poke holes in the plan! Thanks everyone in advance. [link] [comments]  |
| Posted: 08 May 2020 12:49 PM PDT My yearly cost before covid was going to be 25k (I'm accepted at my school, but still in highschool I graduate this month). I don't think i'll stay at that school all 4 years, as it's obviously super expensive. I'm brand new to this and idk how any of it works, the fafsa offered me a 5.5 direct subsidized loan whatever that means. I'm not sure if i'm definitely supposed to take that, or what? Can I take out more than that from the federal govt and not get a private loan? Is it better to take out a private loan? What are considered the best private loan companies? I'm in indiana but will be attending an american university in europe (i'll pay in american money, it's an american school, they use the american system, they just have a campus abroad) and my home state is Indiana, if any of that helps. Any help offered is appreciated greatly! Thanks! [link] [comments]  |
| Posted: 08 May 2020 08:05 AM PDT I am starting a second degree nursing program in the fall and it costs around $50,000 in tuition. I have to take out a private loan since I am almost at my federal loan limit. I've never taken out a private loan before. This may be a stupid question but should I apply for the full $50,000 or just enough for the first academic year then apply again down the line? [link] [comments]  |
| How to calculate interest on unsubsidized federal loans while in college? Posted: 08 May 2020 08:28 AM PDT How can I calculate the interest-only payments that I could make on unsubsidized federal loans while I am in college. If I could make those interest-only payments wouldn't that keep the interest from compounding (or capitalizing)? So if I take out an unsubsidized loan of $2000 this year as a first-year undergrad, how much would monthly interest payments be? Is there a loan calculator or formula for calculating only interest? Thanks. [link] [comments]  |
| Going to graduate with $11,000 in student loan debt Posted: 08 May 2020 02:12 AM PDT Hello! I am about to graduate from college this May (I have such bad luck). I don't have any job prospects at the moment due to the pandemic (trying to get a job editing video content/graphic design for tech companies) but I am wondering if I should just go with the regular repayment plan. My interest rate for each $5,500 loan is 5.050%. If I make regular payments after 120 months i'll end up paying about $12,000. I just need someones advice on this or input. I am a first gen graduate, so I had to inform myself on loans and which ones to take/not take on my own. Sorry if, I sound a but dumb. I just want to be well informed. I will be moving back home due to this pandemic, but I'll have to pay $100 in rent+$128 braces. I know I am in a very fortunate position and want to pay of these loans as fast as possible without breaking my budget. As soon as this settles down I need to move out. So I need to maintain some savings. Thank you to whomever replies! :) [link] [comments]  |
| How can I get away without paying my student loans? Posted: 08 May 2020 04:32 PM PDT Do I like move to Panama or some? I owe $57,000 lol and i don't really wanna pay it. What do I do? [link] [comments]  |
| You are subscribed to email updates from /r/StudentLoans: Reddit's hub for advice, articles, and discussion about educational loans. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment