My student loans are all paid off as of today!!! Student Loans |
- My student loans are all paid off as of today!!!
- Nelnet doing some sketchy stuff with COVID Forbearances
- I’ve been eyeing all the student loan payoff posts thinking it’d never be me, but it’s finally my turn!!!
- Does anyone believe any kind of student loan forgiveness will occur in the near future?
- Student loan forgiveness help
- first-timer paying off her loans, I have what is probably a really dumb question!
- Have a credit on my UAS accounts after consolidation and they're giving it to the servicer I consolidated with rather than me. Is that right?
- Need some advice/Is this the right place??
- getting a loan without a cosigner
- Using new Fed Loan to pay off old Fed Loan?
- Should I pay off or wait?
- should my loans have been deferred?
- How do I pay my student loans?
- Will I still have to pay back my classes after going through with medical leave?
- Choosing federal loan repayment plan: how does REPAYE plan choose how to distribute monthly payments amongst different loan groups/interest rates?
- Adverse credit for gradplus loan
- Loan status changed to closed
- Is it worth it?
- Transfer now or not?
| My student loans are all paid off as of today!!! Posted: 06 May 2020 09:48 PM PDT No one else was as excited when I told them (my parents are from the time before loans, practically), but I'm ecstatic. I had $30,000, and including all the interest I paid, nearly $50,000 all said and done. So glad to have this gone. Huge relief. [link] [comments]  |
| Nelnet doing some sketchy stuff with COVID Forbearances Posted: 06 May 2020 12:51 PM PDT So back in April, after the government came out with a new recommendation for loan providers and servicers to choose to honor FEEL loans (from a long time ago) with the same 0 interest and forbearance as federal loans. So I called Nelnet and asked them if they were going to honor that as well with my FEEL loans and never heard back until 2 weeks later, I had a COVID forbearance applied to my account. So I thought yay, they actually chose to do the right thing. Only thing is, then I got letters saying I lost my interest deduction incentive for 'non payment, late payment or change from electronic correspondence'. I have paid double the amount due now for 5 yrs and never been late on a payment. Even though forbearance was applied, I was still paying small amounts to cover interest. I just called them only to find out they applied COVID forbearance due to my request ( I never requested it) and forbearance was considered the same as missing a payment, so they removed my interest incentives. Just bonkers. [link] [comments]  |
| Posted: 06 May 2020 09:12 PM PDT I have a story different than most because I've had this debt since 09 and I unfortunately dropped out of college so had this debt with nothing to show for it. In total, I had 60K in debt and was making pretty modest money until I joined a higher paying corporate job with amazing stock options in 2016. I recently realized I had enough money to cash out my stock and payoff my loan without depleting all of my shares. After much contemplation, I decided that this would be the right move for me so that I can work on continuing to build my savings and buy a home next year. Don't have many to tell so wanted to share my excitement here! [link] [comments]  |
| Does anyone believe any kind of student loan forgiveness will occur in the near future? Posted: 06 May 2020 04:50 PM PDT Personally, I highly doubt it. However, I do have a little hope that some sort of relief will be given to us "bag holders." Reading the article below inspired some of the hope I have now, but I doubt anything will done, although this crisis has certainly made it harder to pay (no income). Add in the fact that the current graduating class (myself included) will most likely face immense obstacles finding jobs in this recession that we find ourselves in. The article mentions that some members of Congress also have student loan debt, so who knows. Maybe something will happen. [link] [comments]  |
| Posted: 06 May 2020 08:17 PM PDT Hey guys about a month ago I received a letter from my school saying until further notice I wouldn't have to pay my loan because of all of this going on. Fast forward to yesterday I went to school for a meeting and financial aid said I was 20 days late on my payment and told me she didn't know why I received that letter and is now wanting me to pay the loan. What should I do? [link] [comments]  |
| first-timer paying off her loans, I have what is probably a really dumb question! Posted: 06 May 2020 03:04 PM PDT Hello! I am still in college but since I am graduating in a year and have been working for almost of the time I've been in school, I have decided that I want to start making payments now to try to reduce my debt as quickly as possible. On my loan servicer's site I can see all my loans and the amounts I owe, but I am confused because it shows 0.00% interest rate for every loan, even the unsubsidized ones that are obviously accruing interest. This is probably a dumb question but I am genuinely trying to figure out where I can see the actual interest rate? Or if someone can help me try to calculate it myself? Thanks!! [link] [comments]  |
| Posted: 06 May 2020 01:47 PM PDT I have two accounts with UAS for my Perkins loans, one through UASConnect and one through UASEcho. I consolidated both to MyFedLoan so that all my loans are in one place and so that they could benefit from the current Coronavirus deferment situation. The consolidation payment just posted on both accounts and now I have a positive credit on each account. I called the UAS and asked if they could send write me a check for the amount I have in credit but they said that they would have to send it to the consolidator rather than me and that it would take 45-60 days for this to happen. Is this right? At least on one of the accounts, the amount overpaid is the exact amount of a payment I had posted the same day that the consolidation check posted, and so they either arrived at the same time or mine was minutes or hours before the consolidation payment arrived at UAS. Is it true that any overpayment in consolidation should be sent to the consolidator rather than to the borrower? I'm alright accepting this if it's correct, but I want to make sure this is the case, as I could use a couple hundred dollars right now to pay for a college course I'd like to take this summer. If this isn't correct, how should I proceed? The lady I spoke with on the phone was pretty firm and was unable to consider other possibilities because she says this is what their policy is. Thanks [link] [comments]  |
| Need some advice/Is this the right place?? Posted: 06 May 2020 04:28 PM PDT Hello! Hope everyone is doing well! I'm about to embark on getting my teaching credential in the state of California and have luckily been able to get my bachelors loan free. I will most likely have enough saved up from working to pay for the 11,000$ program starting June 1 but was wondering if anyone thinks I should take out 5,000$ in a loan? I know teachers have the loan forgiveness program that can wipe out 5,000$ so I figured the extra money could be helpful while I'm unable to work. Most of the schools around me qualify being title 1 so was just looking for opinions. Should I get the $5,000 since I can get it forgiven? Thank you in advance! [link] [comments]  |
| getting a loan without a cosigner Posted: 06 May 2020 12:24 PM PDT i just finished my sophomore year of college at a private college with $40k tuition. i'm currently around $22,000 in debt even with the highest scholarships i can get. last year i had to take out a private loan for $8500 and my parents cosigned on it. they have really bad credit scores and as a result my interest rate is almost 12%. i will have to take out another $7,000 this fall and they won't be able to cosign. i don't have anyone else who can cosign on my loan and i don't have enough saved to pay out of pocket, especially now since i'm unemployed due to COVID. i got a credit card right when i turned 18 and have a FICO score slightly over 700. is there any way i can get a loan without a cosigner, and from who? [link] [comments]  |
| Using new Fed Loan to pay off old Fed Loan? Posted: 06 May 2020 07:47 AM PDT My question has been answered - thanks! Sorry for the wall of text - in short is it legal to use my new Fed Loan to pay off my old Fed Loan? I have $2000 left on a fed loan from my first degree. I'm putting about $100 a month towards it. I work full time but only make about $20 an hour and have bills (rent, car, groceries, etc.). I'm entering school for a second bachelors degree (2 year program). Tuition for this program is going to total $26,000 and I've already qualified for $12,500 in fed loans for the Fall and Spring of '20 and '21. I'm paying for this summer class out of pocket in installments (totaling $1,400) so I cant put that money towards my old loan. As much as I wish I could throw my savings at my old loan while there is no interest, I am not comfortable using half of my savings for this , especially with the pandemic and potential of losing my income. Can I use the additional loan (about $3000 more than tuition) for Fall to pay off my $2000 old fed loan? [link] [comments]  |
| Posted: 06 May 2020 03:00 PM PDT So I recently inherited just enough to pay off my 52k of student loans. I was set to pay this all off in full and now I keep seeing articles pop up that student loan debt relief is being discussed. I have a lot of doubts anything like that will ever pass but should I wait the 4 months (sept when deferment stops) and see what happens or just hand it all over to Navient now? [link] [comments]  |
| should my loans have been deferred? Posted: 06 May 2020 07:42 AM PDT I was at least a half time student at a community college to earn credits to graduate from my alma mater. Should my loans have been deferred? I forgot if I submitted paperwork or not. Does anyone know the laws regarding this [link] [comments]  |
| How do I pay my student loans? Posted: 06 May 2020 12:58 PM PDT I don't mean how do I come up with the money, I mean where do I go to pay them? I've been searching through my university's site and have been on hold with their helpline for thirty minutes. Where do I go to access my account and make payments? This is for my direct subsidized loan. I appreciate any and all help in this! [link] [comments]  |
| Will I still have to pay back my classes after going through with medical leave? Posted: 06 May 2020 11:15 AM PDT Hello everyone! During my 3rd semester in college I was re doing classes from my 2nd semester because I was depressed and didn't do them at the time. That ended with me getting into probation and I made up those classes in my 3rd semester. I had a problem in the beginning of my 3rd semester where my advisor had put me in the wrong class, so I emailed him to put me back into the right one since I had no knowledge of the second level programming course he had put me in. I ended up getting back into that class and I thought things were okay until I went to sign up for my 4th semester classes. I had found out that I was charged around $800 for dropping that class, even though I was put in that class wrongly. They didn't say anything about it and made me sign a paper saying they were going to take that money for the dropped course from my pell grant and pay it off, but I would have to complete the next course classes or I would have to pay for those in full. When spring break started my depression came back from my family and I was having suicidal thoughts, I talked to a counselor about the probation and she said they couldn't do that and that I should talk to my advisor to get a refund, but I wasn't able to do so because of the coronavirus and me taking a couple of months to calm down. Right now I am emailing my counselor to help me with medical leave and to sort out that weird probation, but I am worried I will have to pay back the classes because I didn't do them while taking care of my mental health during these last 2 months. I really need that money to move out later this year to get away from my abusive family, but they're really controlling over me and have threatened me for my money/pell grant money, and are waiting to see if I have to pay back those classes Any help would be appreciated thanks [link] [comments]  |
| Posted: 06 May 2020 04:52 AM PDT I just completed my Student Loan Exit Counseling for my federal student loans. In choosing the payment plan I am interested in, I went with the REPAYE plan (REvised Pay As You Earn plan) that has you pay 10% of your income towards your loans. I chose this one because I want to pay my loans off way sooner than 10 years, have the least amount of interest accrue, etc. My issue/question: I realized the loan server does a shady thing where it groups all of my loans together and tries to trick you into paying into the general pot rather than paying the highest interest rate and unsubsidized loan first. My loans are split into 4 separate loans—two with an interest rate of 5.5% (one sub, one unsub) and two with an interest rate of about 4.5% (one sub, one unsub) If I choose the REPAYE payback option, do I choose where the money goes? Because they are all direct federal loans, it's weird that there are 4 of them for the same degree (all in one 16 month period—it was an accelerated program with no breaks). I don't understand why I have two sub and two unsub loans / with different interest rates.
I feel like they make this all unnecessarily complicated. But this was my first time taking out a loan, so what do I know. ... Edit: Loans are $23k; don't have a job yet, but it's nursing in Chi, so a new grad position is $29-32/hr base pay with 36-hour work weeks (I'm looking for places that do 12s) if you don't pick up extra shifts. The loan repayment simulation on the exit counseling showed me that if I made $58,000, REPAYE would pay my loans in 72 months with and I would pay a total of about $27k overall, whereas with standard I would pay about $30k in 10 years. ... Edit 2: I'll do a better loan breakdown: A) $5.5k (5.5% int, no int yet) B) $4.9k (5.5% int, int paid off) C) $5.5k (4.53% int, no int yet) D) $7k (4.53% int, int paid off) A and C sub, B and D unsub [link] [comments]  |
| Adverse credit for gradplus loan Posted: 06 May 2020 03:11 AM PDT I'm looking over the requirements for adverse credit for grad plus loans and I am a bit confused. I read the regulations backwards and forwards. Does someone have adverse credit if the only bad debt they have are chargeoffs from 3 years ago and open collection accounts based on those debts. It seems that regulations say that when they say open collection account or charge offs within 2 years of the credit report date. In other words someone could not have their debt paid off but since the debt isn't current..... I even read the response to comments on the Federal Register in 2014 and it talked about a 2 year lookback window as in they are only interested in chargeoffs and collections account in that 2 year window. The other baddies like liens and repossessions kept the 5 year look back window. Am I misreading it? I have collections that began 3 years ago but they appear current on my credit report, because each collection agency that buys the debt resets the clock. I have no foreclosures, unpaid federal loans etc. Do I have an adverse credit history? I haven't taken on any debt in the last 5 years, but have old collections I plan to let age off my report. The debts are over the $2085 threshold too. [link] [comments]  |
| Posted: 06 May 2020 05:34 AM PDT I checked my credit report today and my student loan is showing as paid, closed. When I click on more details it says account status as closed. Is anyone else having this issue? [link] [comments]  |
| Posted: 06 May 2020 08:49 AM PDT Apparently joe biden will forgive all financial aid for undergrads. Does this include people about to take them out? [link] [comments]  |
| Posted: 06 May 2020 12:17 AM PDT Hello. I have a question about college. I actually live in Florida and I was supposed to move to Houston this summer and transfer to HU. But with the actual remote leaning what advices would you give me? (I will be out of state if I transfer ) [link] [comments]  |
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