Paid In Full Student Loans |
- Paid In Full
- $18,500 in student debt down in less that two years
- What should I do?
- feeling down...
- Co-signed student loan was defaulted, how to fix my credit?
- Income sharing agreements
- Question regarding IBR recertification.
- Considering loans
- Are consolidated undergraduate loans a "charge off" that would make me ineligible for a Grad PLUS loan because of adverse credit history?
- How does the CARES Act forbearance affect grace period and post-enrollment deferment?
- HELP. Recertified on my IBR plan a while ago (BEFORE I had filed for PUA). Quick questions.
- Is it smart to refinance?
- Need assistance with Sallie Mae Loan
- Pay off or keep?
- Resources for understanding how student loans work?
- US Citizen working in Canada trying to refi student loans
- Can someone explain when is a good time to consolidate? Or even what the purpose is?
- Not sure if I told my loan provider a white lie or it was more than that....
- Direct parent plus vs. Private loans
- Credit Cards
- Lost scholarship, need some advice on how to proceed
- 18 yr old looking for some advice.
| Posted: 14 May 2020 07:42 AM PDT After a year and a half of aggressively paying my student loans I finally managed to pay them off. I borrowed $43,000 for undergrad and paid off a total of $52,000. Feels good to finally be free! [link] [comments]  |
| $18,500 in student debt down in less that two years Posted: 14 May 2020 08:40 PM PDT Hi guys, Long time lurker Never thought I would pay off my loans this quickly. I made a data visualization of the avalanche method which really helped me along. I work a medium wage job in advertising and did some tutoring on the side. I put in $250 a week using the avalanche method and I am very happy I was able to be so disciplined [link] [comments]  |
| Posted: 14 May 2020 08:01 PM PDT I wish I wasn't at a point to need to take out loans but I'm not that lucky. I'm starting an MBA program in August that's going to cost ~45k after other aid (I was awarded a 10k scholarship and work will be paying for 15k). I filled out FAFSA and the school sent me the following notification award letter: -21k in Fed Direct Unsubsidized Loans -49k in Fed Direct Grad PLUS Loans I'm doing a hybrid MBA program at a great school so I can continue to work full time. Ive never had to take out loans for school before so I was wondering if I should take out the ~45k from a mix of unsubsidized/Grad PLUS loans or possibly look into another loan? For reference, I plan to pay off the loans while I work over the next 3 years. [link] [comments]  |
| Posted: 14 May 2020 02:11 PM PDT I have about 250,000 total debt coming out of graduate school and I'm feeling pretty defeated. Has anyone successfully paid off this amount of money? My degree is in a healthcare/education related field so I won't be making a large salary. Just really sad and hopeless right now and would love any success stories from anyone. Thanks [link] [comments]  |
| Co-signed student loan was defaulted, how to fix my credit? Posted: 14 May 2020 07:56 PM PDT So I'm 23, started working a few months ago at a full time position. I'm not making much, but it's a start, at 40,000. I live with my mom so I pocket nearly 50-75% in savings. I checked my credit score and it was 534. Really low. Lower than average? I got a secured card recently to try to combat this. Then I ran a debt finder with TransUnion & found a MEFA loan I was co-signed with my dad in 2017. I was aware of this loan. My dad said he had it covered. Then I found out that it's defaulted. My heart sank. The loan was for 2k. No wonder my credit score was complete sh!t. Weird thing is that the principle was at 0. Is it because it's defaulted? I'm planning on calling MEFA to see if I can pay it in full for next month, and try to get it off my credit report. Is this possible? Overall I've done well with my money but this just hurts. Any other recommendations? [link] [comments]  |
| Posted: 14 May 2020 10:05 PM PDT Has anyone considered using an ISA to fund their education, especially those who are completing MBAs? Curious how and why you made the decision and which program you went with. [link] [comments]  |
| Question regarding IBR recertification. Posted: 14 May 2020 06:00 PM PDT I'm currently unemployed and on PUA. There was a question that said something along the lines of "do you currently have any taxable income?" Should I be choosing this? How much of the current PUA money that I've received should I be putting away? HELP. [link] [comments]  |
| Posted: 14 May 2020 06:45 PM PDT Hey all! I have a two year degree and I just got offered a scholarship to one of the most expensive schools in the country, making it like 4K a semester- If I take this, I'll have to probably take out a loan. If so, how do I pay it off quickly? Can I pay more than I owe in a month to help get it down? Or will I still owe interest? I'm looking at a federal direct unsubsidized loan here [link] [comments]  |
| Posted: 14 May 2020 05:30 PM PDT TL;DR: title graduated from college in may 2019 and took an off-year to apply to grad schools, and now i'm in a 1-year program set to start early september. had about 32k in debt comprised of several stafford loans (one per undergrad year) that I consolidated into 1 loan around December 2019. My previous separate loans are listed as "paid in full" on my servicer's site. The consolidation process also asked if I want to do forbearance while I'm at it; I said yes and was approved, and that deferred monthly payments til like early April when all student loan debt was suspended for 6 months for everyone. Basically I have no idea if all of this combined makes me have a bad history. As far as other factors, my credit score's fair although my utilization is high, but no missed payments. Also, tbh I had no idea about the whole PLUS process until like a few days ago when i found out that my direct unsub loans wouldn't cover CoA, and I'm kinda panicking about being late to seek out alternative financing options [link] [comments]  |
| How does the CARES Act forbearance affect grace period and post-enrollment deferment? Posted: 14 May 2020 05:03 PM PDT I graduated last week. I have a mix of Direct Unsub loans (current status: In Grace) and Direct Plus loans (current status: Post Enrollment Deferment, 05/10/2020-11/09/2020). All loans are at 0% interest. I've not yet completed exit counseling. I was wondering how the current CARES Act forbearance was affecting grace periods and post-enrollment deferments. For recent graduates like myself, are these being exhausted during this forbearance? Is it advisable to call the loan servicer and request to lift the Post Enrollment Deferment during the forbearance period? [link] [comments]  |
| HELP. Recertified on my IBR plan a while ago (BEFORE I had filed for PUA). Quick questions. Posted: 14 May 2020 05:01 PM PDT My dilemma is that supposedly there was an option saying if I was making unemployment income, which I wasn't at the time, so I chose no. What do I do now? How much do I need to put away for taxes on the payments I've received so far? I've already been putting away 20% of the money I've received from PUA (ON TOP of the 10% that I chose to be taken out for the federal tax). [link] [comments]  |
| Posted: 14 May 2020 12:39 PM PDT I have one private loan through NavyFed. The total balance as of right now is $17,850. The fixed interest rate is 8.34%. I can't remember the term or whatnot. I will be paying AT LEAST $500 a month as payment even though the minimum due is only $25. It's a interested based repayment also. I'm just stressed thinking about that 8.34%. I feel like I need a lower rate. If I should refinance who / what website should I go through? Thanks in advance! [link] [comments]  |
| Need assistance with Sallie Mae Loan Posted: 14 May 2020 03:49 PM PDT Hello, To my fullest regret, I opened up a Sallie Mae fixed interest loan back in 2007 and have been paying it ever since. I've finally decided today to try and do something about it. Currently I have two Sallie Mae Loans, both with a fixed average interest rate of 4.65%. Loan 1: Last payment was $275.19 / Principle was $109.60 / Interest was 165.59. Loan 2: Last payment was $39.51 / Principle was $15.40 / Interest was $24.11 Expected payoff date is in ~10 years but I feel like it's going to be a lot longer. Now, I signed up for SoFi and they are offering 8% for 10 years fixed. Variable is 7.6%. Are these rates the average? If so, should I just stick with Sallie Mae? Any help would be appreciated. What else can I do here? [link] [comments]  |
| Posted: 14 May 2020 03:13 PM PDT Need some advice.. I have about 65k in savings and roughly 50k in student loan debt. Should I say F it and pay it off in full and forget about my $1,200/mo payments or should I pay half of the loan off? No other debt except mortgage. All suggestions welcome. [link] [comments]  |
| Resources for understanding how student loans work? Posted: 14 May 2020 03:05 PM PDT I'll be starting dental this fall and cost of tuition is about 85K per year 😅 I don't exactly have that kinda money laying around and I know I'm about to become massively in debt. However, I'm committed to my choice since I know I really want to do this, but I know nothing about how loans work and what I'm really signing up for in terms of debt. Assuming I'll end up borrowing about $400K in 4 years, how much will I be paying back at the end of it all? How is that calculated? How can I play my cards smart when going about this? Kinda don't know much about about this, and looking for any resources and anything that can help me understand. Thanks a bunch!! [link] [comments]  |
| US Citizen working in Canada trying to refi student loans Posted: 14 May 2020 02:25 PM PDT As the subject says, I'm a US citizen on a work visa in Canada. I'm wanting to refi my private loans that vary from 6-13% interest but I'm having an issue finding a lender because I'm paid in CAD and not USD. I went to a US uni, have worked for the same company for 6 years (half in the US - half in Canada), have a great credit score, and a permanent US address, but I can't find a solution in the US to refinance. Any suggestions? [link] [comments]  |
| Can someone explain when is a good time to consolidate? Or even what the purpose is? Posted: 14 May 2020 02:21 PM PDT I started making payments about a year ago but I have since had my last bit of grad loans get tacted on to my bulk of payments. I thought it would make sense to consolidate so they all are forgiven at the same time but Idk how that would work? All my loans are currently with fed loans and they are all on the IBR and the PSLF program. I just want all my loans forgiven at the same time in 10 years and I don't want any surprises. I'm currently turning in my yearly employer certification forms now [link] [comments]  |
| Not sure if I told my loan provider a white lie or it was more than that.... Posted: 14 May 2020 01:49 PM PDT So I graduated a week ago from graduate school. I checked my loan provider's website to see when I begin payments. It said 3/2021. That didn't make sense because I graduated May 2020 and the 6 month grace period would only go up to November. But, the woman I spoke too confirmed my first payment will be in March. Great! More time than I was expecting. However, I got another call today from the same woman telling me she was mistaken and I will have to start paying in November. I call back at the 800 number and speak to someone else to tell them this is incorrect because the woman I spoke to yesterday told me my first payment will be in March. (I was freaking out, because given the situation that is COVID-19 I cannot confidently begin making payments in November) The man said "Okay, when are your graduating?" and I said "I am graduating in August" (...this is the lie because I graduated in May). He said "Okay, the other woman must have been mistaken because I see in our system that your first payment is still in March". So essentially told them that the original date was correct to avoid having to pay as soon as November (however, I'll probably start making payments shortly after or as soon as I get a job) .....I have never lied like this before and although no one even needs to make payments until September anyways because of COVID, I still feel guilty and that they will find out LOL. Someone please tell me!!!! [link] [comments]  |
| Direct parent plus vs. Private loans Posted: 14 May 2020 01:03 PM PDT I'm going to the University of Toronto this fall for engineering and will need around $35,000 in loans. Is it better to get a direct parent plus loan or look for private options? [link] [comments]  |
| Posted: 14 May 2020 09:22 AM PDT Edit: Wondering if anyone has had success with a consolidation company paying off their loans with a one time payment via credit card. My wife and I are about to make a jump sum payment to pay off but would like to try and get some points/miles on our credit card. Is there a company that accepts credit? And is there a one time fee that would negate any benefits to receiving points? [link] [comments]  |
| Lost scholarship, need some advice on how to proceed Posted: 14 May 2020 09:22 AM PDT Unfortunately, due to my own failures I lost my scholarship starting Fall 2020, during which I'll be entering my junior year. My scholarship didn't cover all tuition, in fact it only covered roughly a third of it, and I've been taking out federal loans (Parent Plus, subsidized, unsubsidized) to pay the rest. I'm not sure how much my federal loans will be in the upcoming years, but if they continue to provide me with the same amount they did in previous years it will leave me with around $8k-$10k I'll need to pay out of pocket myself each year. My question is, is taking out private student loans worth it? Or are there any other grants or aid I can resort to first? [link] [comments]  |
| 18 yr old looking for some advice. Posted: 14 May 2020 09:07 AM PDT So according to my calculations I'm most likely going to owe $80,000+ in debt. With virtually no aid from FAFSA what can I do to pay this off as quick as possible? [link] [comments]  |
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