Getting an Associate's degree after getting Bachelor's Student Loans |
- Getting an Associate's degree after getting Bachelor's
- Private student loan lender repeatedly saying I am missing payments and negatively impacting credit score
- Why would someone Opt-Out of the CARES Act?
- A warning to all with fedloan! Anyone have their principal balance increase and it NOT be a new loan or interest capitalization?
- Can’t put money toward principal only?
- International student loans
- Public Loan Forgiveness - this should be prorated for every year you serve
- Amortization not right?
- Grad Plus Loan Questions
- Question about a service providers
- When do I need to start paying my loans? (Federal)
- If I voluntarily exit deferrment, can I begin making PSLF-eligible payments as a PhD student?
- Advice on Student Loans with Sallie Mae
- Can I still apply for 2019/2020? [Canada]
- SAP help
| Getting an Associate's degree after getting Bachelor's Posted: 07 Jun 2020 08:09 PM PDT I've decided to change my career path to medical. I want to go into nursing but after moving to a new state and applying, I found out that FASFA doesn't give you any more money after your first Bachelor's degree. I saw that I had at least $20,000 left but now it's all gone, where did it go? Where do all these professional students with like 5 different degrees get their money? Edit: My first degree was in Fine Art. I wanted to be a professor but the job outlook is a sad one. [link] [comments]  |
| Posted: 07 Jun 2020 03:25 PM PDT I have multiple student loans through College Ave, all of which I have been paying the interest on since I took them out. These loans are in my name and have my mom as the co-signer and they are linked to her bank account for autopay (I have loans from another private lender linked to my account as she agreed to help me with the interest on half of the loans, the ones through College Ave, until I graduated). Over the past 8 months College Ave has marked interest payments as not received despite us using their autopay service and the money being withdrawn from the account, resulting in "overdue" fees in the thousands (implying we have missed payments for at least 6 months). Each time I call about it they say it is due to a "glitch" in their system, and it is usually fixed within a week or so. However, 2 months ago the "missed payments" negatively impacted my mom's credit score (unrelated to the Great Lakes Borrowers coding error, which affected my credit score, not hers). My mom is currently trying to move, and the drop in her credit score is causing issues with banks and apartment rentals in the new state she is moving to despite her explaining the situation. College Ave has now provided documentation that the missed payments were a mistake on their end, but since we have had continual issues with this for almost a year is there anything I can do/legal action I could take to ensure it does not happen in the future? Thank you in advance for any advice you can provide! [link] [comments]  |
| Why would someone Opt-Out of the CARES Act? Posted: 07 Jun 2020 09:58 AM PDT On my Student Load platform, I am seeing an option to Opt-Out of the Cares act Debt Forbearance...I have been paying my loan at this time regularly to get it off the table and it's actually at only $800 now... Why would someone Opt-Out of the CARES act when they can still pay interest-free until Sept 2020 or pay nothing until then? Update: So it is mostly to continue Auto-Pay? [link] [comments]  |
| Posted: 07 Jun 2020 12:03 PM PDT So in January I noticed my principal balance increased by over $4000, but it wasn't from any new loans nor interest capitalization. In fact, this new balance had now been retroactively applied to all my past payments for the last 10 years! So now payments that HAD been mostly principal were now mostly interest! And now just face-value looking at my account it doesn't even look like anything happened, so getting any answers over the phone was very time consuming, as it required the agent to do basic math several times. The proof I had was in my monthly statements they mailed me, and my memory of checking my balance every day for years.
So check your balances every day, or at least often. This could happen to you, or even could have already and you might have missed it. Compare with your monthly statements! Those (even the online ones in your inbox) can't be retroactively altered like it was with the payments screen. Also nothing has been resolved in my case, as they won't remove it, but also can't say where it came from. Its mostly likely a computer error, but I'm still on the hook for it. I filed a complaint with the consumer protection agency, but I haven't heard anything. Anyone else have a similar situation? [link] [comments]  |
| Can’t put money toward principal only? Posted: 07 Jun 2020 07:45 PM PDT I refinanced my student loans and I'm not seeing an option on my account to make an additional payment to my principal only. Is this normal? Do all of my payments have to have a portion going towards interest? I'm confused!! [link] [comments]  |
| Posted: 07 Jun 2020 11:29 PM PDT Hey everyone, I'm a international student on a F-1 Visa currently studying in the United States. I came here from some of my family sponsoring me, but I'm afraid I might be on my own for some semesters to come. I still need around 2 years to graduate. Even after searching online, it seems that there aren't many student loan for international students and no federal aid for us. I was wondering if anyone had any experience similar to mine and how they overcome it. I'm trying my best to get a job but given the current climate and even with a job it seems almost Impossible to study on. My GPA isn't exactly good so scholarships are insanely hard too. Really would appreciate any advice on where to find student loans or even if there's another way to avoid student loans. That would be great too [link] [comments]  |
| Public Loan Forgiveness - this should be prorated for every year you serve Posted: 07 Jun 2020 02:05 PM PDT I'm not the only nonprofit attorney I know who made little in wages but worked hard for the common good only to get burned out from 3rd party trauma. I'm sure the same goes for others who signed up and even went to school because of this act. All my internships were for nonprofits but after almost 5 years of practicing as a licensed attorney in the nonprofit world I got burned out on domestic violence and though my expenses are not lofty, they were hard to meet. I want to keep doing good in different ways but my mental health was suffering, I hope I helped some along the way. I just joined a private firm but now that my salary has increased it's not a huge increase when compared to paying back all of my loans that I was unable to pay substantially on for almost 5 years. Shouldn't I get some credit for that? Forgiveness of 20% each year of full time service? Isnt that fair? I know several other good attorneys who were committed and did awesome things to help people, but they left shy of 10 years as well. The low pay and emotional toll of some of this work is not worth waiting out the clock. But wouldn't it encourage more people to use some of their time and talents for the public good if we did this? Ten years is a big commitment. What do you think? [link] [comments]  |
| Posted: 07 Jun 2020 04:39 PM PDT I've been driving myself insane about this for a week. I have ten federal student loans, some subsidized, some not, all serviced by Great Lakes, and pay them with a single payment every month. Why is it that the amount going to each of them doesn't stay constant like it should? For example, if my total payment is $100, $10 of that went to Loan A in January, but only $9.93 went to Loan A in February. They're all fixed interest rate, and all started payments on the same date. The unsubsidized loans all had interest capitalization charges on the day when my grace period ended. What's going on? [link] [comments]  |
| Posted: 07 Jun 2020 06:06 PM PDT Hey everyone! I just recently was accepted into graduate school to pursue my Master's in Finance. I received a 28% scholarship and applied for direct plus loan and will have about $15k remaining in tuition over the 15 month program. I applied for grad plus and got approved to cover the balance. I have not received formal award letters but wanted to know how much on average you all received back? I intend to keep my $54k/year job throughout the process but am contemplating transferring offices to be with my girlfriend who lives about 4 hours away from me currently. Based on current salary, I would be a bit strapped on cash living on my own, hence why I still live with my parents. An additional $1k a month would be more than enough to live comfortably. How does the grad plus work? When do you get refunded? If you take out the full amount, how much do you usually get back? Is it monthly allocation or lump sum? Can you apply for it in both semesters or just the year? Thanks in advance. [link] [comments]  |
| Question about a service providers Posted: 07 Jun 2020 11:02 AM PDT Has anyone heard of amerifed doc prep just paid them over 500 and they want 39 a month and just want to make sure they are legit [link] [comments]  |
| When do I need to start paying my loans? (Federal) Posted: 07 Jun 2020 03:57 PM PDT I have around 10K federal loans from undergrad and I know the grace period is 6 months, however, I am back in school, in a non-credit certificate program. Does this grace period gets extended? Since I am still in school. Also, I am applying for a Sallie Mae loan, roughly 15K-20K. For tuition and Rent. I have enough saved up for my tuition, so I am deciding on two things, and if anyone can give me advice on my decisions would be great. 1) I was going to take out the 20K to fully cover my tuition and rent, and use the money I saved as a way to start paying off my loan immediately, so my cosigner doesn't suffer and I can get the cosigner release in 12mnths. But I'm worried 20K is a lot and it will rack up a LOT because I will have to choose the fixed repayment which is 25$ a month. I was thinking of choosing the Interest repayment, but I'm worried about how much of that I can actually afford. 2) I was going to take out enough money just for rent, and a little more for food and pay the fixed 25$ until I get a job. So the loan I would request would be 15K. But I'm not sure, I know my safest option is the 1st option, so I have money to use (food, utilites, repayment,etc). But I've never done this and I don't know anyone who's taken out a loan that isn't federal. 20K is A LOT of money, but it's exactly how much I need for school and rent. Thank you for any advice/help. I am super confused and I dont want to make a mistake that I can't afford. [link] [comments]  |
| If I voluntarily exit deferrment, can I begin making PSLF-eligible payments as a PhD student? Posted: 07 Jun 2020 03:54 PM PDT I am a PhD student at a state university. I am here full time, year-round with lab work in the summers. I am paid by a stipend and additional funding via a TA-ship. My loans are currently in in-school deferrment. However, in an unrelated conversation I was told that since we are employees of the university as well as students we are eligible for some state employee benefits, such as access to a credit union. It occurred to me then that if I'm considered a state employee, could I not exit my deferrment voluntarily and begin making PSLF-eligible payments with my stipend? (I recognize the answer, if not an outright "no," is probably "talk to your school." If that is the case, any input on who I would speak to or what sort of information I should be seeking/looking up?) [link] [comments]  |
| Advice on Student Loans with Sallie Mae Posted: 07 Jun 2020 01:26 PM PDT So, I have a massive loan for about $76,000k with Sallie Mae, as three different loans that currently have varied interest rates of 4 - 7.5%. I have finally finished school and have just landed my first, but low paying pretty much minimum wage job. Thankfully I do not have to pay much towards living expenses, only for food and other small things like my phone bill. I am wondering, how bad is this loan? On Sallie Mae's website they have a repayment calculator and it seems like it may be possible to pay off the loan within 15 to 20 years if I pour the majority of my salary into the loan payments. Another thing is, I have about 10k saved up that I will put directly into my loan soon. However, I know now that Sallie Mae has a horrible reputation and a lot of people get crushed by the interest rates. I'm so financially illiterate, obviously...So can someone help me explain the reality of this shitty situation? And is there anything I can do to improve it? Please be honest but gentle :( [link] [comments]  |
| Can I still apply for 2019/2020? [Canada] Posted: 07 Jun 2020 11:58 AM PDT Sorry if this is a dumb question, but if my situation has changed can I still apply for 2019/2020 student loans? [link] [comments]  |
| Posted: 06 Jun 2020 11:46 PM PDT Hello, I am writing because after 3 years I have decided to return to school and finish my degree. A bit of backstory, I took on a lot of activities and ran into some personal issues so I withdrew/failed a lot of classes. I eventually dropped out since I wasn't doing well and didn't feel motivated at that time. I realize how dumb I was back then and I would like to go back to school but because of the withdrawn/failed classes it seems like this is holding me back. I received an email from my school saying that I needed to do a SAP Appeal and I wanted to know if its worth doing. Its been 3 years since I last went to school and didn't know I would run into this issue. I'm not sure how to approach this issue and due to current events I'm having difficulty trying to reach someone at the school If anyone knows more about this or have any advice I would really appreciate it. [link] [comments]  |
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