Starting college next year, best way to pay remaining 17k? Student Loans |
- Starting college next year, best way to pay remaining 17k?
- Why do I receive more financial aid than my wife?
- Will my nelnet loan be done with or will it go back up?
- Following the COVID-19 pandemic, which student loan companies are providing the lowest interest rate loans?
- Sudden Credit Score Drop?
- Help me please
- Should I wait to pay off loans?
- Lowest Possible Loan Payment - Advice
- How would private loans be for me?
- To student loan or not to student loan
- Transunion/Navient issues
- Repaying a separate, but consolidated loan with another borrower question
- Question: Monthly payments
- Fedloan servicing used wrong family size on my IDR application and overcharged me for a whole year
- Retroactively accepting aid (loans)
- I don't owe anything for 7 years?
- H4 Visa FAFSA
- Grad plus loan endorser denied, need to wait 180 days?
- Increasing Chances of Consolidating/Refinancing Approval
- Terrible family situation, I need to consider getting student loans but I have no idea what I'm doing.
- Need advice on transfering to university and using loans
- Taking a Gamble on Paying Student Loans
| Starting college next year, best way to pay remaining 17k? Posted: 05 Jun 2020 06:26 PM PDT Hi! I'm starting undergrad next fall. My parents make enough for me to not get any finaid grants from my school, and they're willing to contribute a big chunk. Along with the federal loans, I need to get $17000 in order to pay the rest. I'm trying to win some scholarships, but I'm having no luck so far. Do I try for low fixed interest private options? Do I need my parents to cosign? Should they? Thank you! Sorry if I'm missing anything obvious, I'm first-gen so parents aren't so familiar with this process. [link] [comments]  |
| Why do I receive more financial aid than my wife? Posted: 05 Jun 2020 05:01 PM PDT My wife and I have been married for 8 years. I work full time and am a full time student, she is a stay at home mom and is also a full time student. When we receive disbursements from our student loans I always receive more than her, usually around twice the amount she receives. Could anyone please help us understand why this is? [link] [comments]  |
| Will my nelnet loan be done with or will it go back up? Posted: 06 Jun 2020 03:16 AM PDT I have nelnet loans that are split ABC etc. I paid one off yesterday and I am wondering if it'll disappear or if it'll somehow continue to gain internet after forgiveness for covid is over. Has anyone had experience with these before? Do I need to call the company? [link] [comments]  |
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| Posted: 05 Jun 2020 04:20 PM PDT I checked my credit score this morning to see that my credit score dropped by 52 points. I have Great Lakes as a provider, is this a mistake with programming or something on my end? Should I call someone about this? [link] [comments]  |
| Posted: 05 Jun 2020 08:06 PM PDT Ok so im first gen college, a) wtf is financial aid? I got 7500 total of it b) my school costs 17k a year aprox which I know isnt much and im gonna need to get student loans, did the fafsa the estimated family contribution is in the realm of 19k, how in the heck does one get student loans and when does one need to get them... ive looked it up but its all confusing me more, im a simple person and need simple answers not these crazy long answers i get with google [link] [comments]  |
| Should I wait to pay off loans? Posted: 05 Jun 2020 09:04 PM PDT Long story short i'm coming into a lump sum of cash, about 75K. I plan on paying off mine and my spouse's 46K total of student loans, but with all the talk of student loan forgiveness regarding Covid-19, should we hold off and wait to see if any impactful student loan relief bill will be passed? Any advice is helpful. All but 12K of the loans is federal loans. [link] [comments]  |
| Lowest Possible Loan Payment - Advice Posted: 05 Jun 2020 08:39 PM PDT I'm an incoming freshman Computer Science student a top university for the program aiming to graduate in 2024. Before aid I'm expected to graduate with over 200k in debt for my B.S in CS including my cost of housing, books, food on campus etc. However, in current standing I've been awarded 40k scholarship through the school 24k grant - 6k/year pell grant 4k grant from school 6k scholarship from donor. It takes 75k off the price of my school already but I'm still worried about the long run of things. I kinda got a late start figuring out college stuff because my parents weren't involved in it at all (I'm the first in my immediate family to attend university not including my dad who's not in my life) so it's been kinda up to me and life events caused me to put it off for a while. I've already earned this much aid before I've even started college so I'm hoping I'm able to garner more as I go, i plan to work part-time during school/summers and save money to eventually use to help pay debts after graduation and move wherever I need for work, and I work as an indie game developer hoping to release a title that can help me pay for it, too. Even say I do all this and graduate with under 100k in debt, that's still a huge number. I have a good portfolio for the industry I'm looking to work in and hopefully with this degree and training under my belt can land a job paying anywhere in the 50-125k range, being very lenient on each side of that range with a salary of around 80k being average for a career in said industry. Honestly, I don't plan to ever have kids as agreed with my current long term gf so I dont have to worry about all that financially and I dont really care for anything fancy in life, just a nice apartment. I'm saying this because my worry is with how my debt will affect my quality of life in the long run. I'm not worried about having loans forever, as long as I can live comfortably with the payments. I do a lot of budgeting and have run the numbers to see what works for me and I'm just trying to figure out, well.. What's the best way to get the lowest possible mandated loan payments? I'd like to be able to keep it low and then pay all extra cashflow I have after necessities towards it, just so I dont have the stress of a huge bill over my head every month. What are some loan types and programs I should look into that match this? Is this my best bet? Advice? [link] [comments]  |
| How would private loans be for me? Posted: 05 Jun 2020 02:20 PM PDT I'll be beginning my third year of college in the fall at an in-state public school studying computer engineering. My first two years of college have been paid by my parents, so I have 0% APR on those loans. The Parent PLUS Loan APR is at 7% to my understanding, so I'm considering private loans for the lower APR. Given that computer engineering job are readily available and well-paying, and that I have some good internships under my belt, I'm not too worried about being unable to pay my loans. To my knowledge, the main issue with private loans is the lack of flexibility on payment and the lack of declaring bankruptcy with them, so I don't think I would have that issue. (right?) Some more information to consider: I plan to graduate with my bachelors after this year, and then pursue a 1-year masters degree afterwards. How would private loans be affected by that? [link] [comments]  |
| To student loan or not to student loan Posted: 05 Jun 2020 12:14 PM PDT Hi! I am considering a student loan. I am also considering taking 1 class a quarter and paying for it outright to avoid student loans. I made a pros and cons list. Still sitting in the middle. Thoughts? Feelings? Advice? Thanks in advance! [link] [comments]  |
| Posted: 05 Jun 2020 03:52 PM PDT So I checked my Transunion and saw Navient was reporting 30 missed payments which is totally incorrect. I've filed 3 disputes with Transunion. Every time they find in my favor and tell Navient to delete the missed payments. Navient has not deleted them. When I ask Transunion about this they say I'm right but they can only "request" Navient delete. Do I have any recourse? [link] [comments]  |
| Repaying a separate, but consolidated loan with another borrower question Posted: 05 Jun 2020 07:02 PM PDT I am trying to make sure I'm not getting the short end of the stick in my loan situation. Long story short, my sister and I refinanced our own separate student loans but due to our situation, had to consolidate them into a single account and loan with the new lender. I created a detailed spreadsheet that tracks both of our loan balances over time based on our initial principal, interest rate, monthly payments, etc. To make the math easy, let's say my principal upon refinancing was $60,000 and hers was $40,000, with a 5% interest rate. If I'm paying $1,500 a month and she's paying $1,000, will I be effectively overpaying because I'm paying more per month, thus a higher percentage of my payment will go to interest first versus hers? Or, if I were to make a large one time payment of let's say $5,000, will this $5,000 go entirely towards my "share" of the loan if I enter it into my spreadsheet, or will this really be paying off some of the interest that her next payment would otherwise have been subject to? If this is confusing, I am happy to share the spreadsheet I've made to get a clearer answer, but I feel like I may just be overthinking the math on this. Any help is much appreciated :) [link] [comments]  |
| Posted: 05 Jun 2020 01:01 PM PDT Does the monthly payment amount for federal student loans get reevaluated later down the road? Like in a year will your loan company decrease your monthly payment amount, because you've been paying off your loans quicker than anticipated? [link] [comments]  |
| Fedloan servicing used wrong family size on my IDR application and overcharged me for a whole year Posted: 05 Jun 2020 11:17 AM PDT In a lengthy call today about my current IDR application, an issue actually came up coincidentally about a past year's IDR repayment plan. A FedLoan Servicing manager divulged to me that FedLoan Servicing stated my family size was 1 on my 2018-2019 IDR calculation and erroneously charged me too much without me knowing throughout the entire year (I am married without children and indicated it as such in my application). They are looking into what should be done, but a manager told me they "can't go back and change previous payment amounts." Do I have any legal options to sue them for this? Does anyone know what I would do in this situation? I'm a bit at a loss for where to go with this. [link] [comments]  |
| Retroactively accepting aid (loans) Posted: 05 Jun 2020 03:19 PM PDT I'm a grad student who is taking summer classes. I did not accept aid for fall or spring semesters, but have $20,500 in unsub loans available to accept. If I accept the entire amount can the funds be used to pay for the previous two semesters (in the same award year) or will they only disburse the amount for summer session? [link] [comments]  |
| I don't owe anything for 7 years? Posted: 05 Jun 2020 02:24 PM PDT I've been paying a lot on my loans since coronavirus hit and now my account says my next payment date isn't until 2027. Is this correct? [link] [comments]  |
| Posted: 05 Jun 2020 10:03 AM PDT Is there any way for me to get FAFSA (in the US) with an H4 visa? I'm paying in-state tuition and have lived in the US since 6th grade (originally from Canada), going into university as a 2020 Freshman. [link] [comments]  |
| Grad plus loan endorser denied, need to wait 180 days? Posted: 05 Jun 2020 09:38 AM PDT Hey guys, was hoping someone could give their advice. My grad plus loan endorser who has been successfully endorsing me previously was denied recently due to a single collections bill. I was told that even if the collections was taken care of my endorser would have to wait 180 days before applying again since they use the same credit report info for 6 months. This would mean that I start school in spring 2021 instead of this fall. My endorsers denial letter stated that if there were any inaccuracies or issues with the credit report there was a support number to call. Does anyone know if the credit report is fixed before 6 months there may be a chance of getting approved? [link] [comments]  |
| Increasing Chances of Consolidating/Refinancing Approval Posted: 05 Jun 2020 11:52 AM PDT I'm mostly frustrated and not really sure where else to get advice. I've been working really hard to get my credit score up to a point where I might be able to refinance my private loans, but still no luck. I'm 680+ depending on the bureau, I have about $120k in student loans, trying to refinance $40k which is held privately, the rest federal. Yes, I'm in a not so great place, which is why I'm trying to consolidate to get the numbers down. I keep getting turned down from every lender because "Excessive obligations in relation to income" Yeah, I know, hence trying to refinance! I can't make any sort of headway with where I'm at right now. I make $45k a year, I have a $10k car loan (looking to sell it soon), and about $300 on a credit card, and the rest is my astronomical student loans. My budget is still under revision as I've only started this job in February, and I was just overseas for 3 months. I am likely able to start putting more money towards the loans, I just don't know exactly how much yet. No cosigner, everyone I know has horrible credit. Is there any way I can ever try to consolidate or refinance when all of my debt is basically student loans? What else can I be doing to try to make myself more suitable to refinance? Thanks in advance. [link] [comments]  |
| Posted: 05 Jun 2020 11:41 AM PDT Due to Covid-19 my study abroad was canceled and my family is using this as an opportunity to try and make me change my academic plan and major. Which I can't let happen. So I come here hoping someone can point me in the right direction. My bank is chase bank Is there someplace or someone I can call? I have been able to contact financial help at my university for weeks. Where should I look for the best student loans? Is there anybody in this sub that would be willing to call and walk me through the steps or something? Any help is appreciated. [link] [comments]  |
| Need advice on transfering to university and using loans Posted: 05 Jun 2020 10:26 AM PDT I am going into University this fall, looks like my average semester will cost me 6-7 grand with out books. I have been unemployed due to the covid 19 ( bartender for 10 years) and looks like I am going to have to find a hour job by July. I have almost no savings due to me having to live off them. I don't mind taking loans out I just am unsure what to do and am looking for advice. I am also doing all of my degree through my local University online program if that helps So my two options are
Or
Thank you for any input and if anyone has any links to help me pay for my education and livelyhood. [link] [comments]  |
| Taking a Gamble on Paying Student Loans Posted: 05 Jun 2020 09:37 AM PDT Ok hear me out. IF Biden wins, he has said he is looking into student debt forgiveness. I, like other folks, started making double payments on my 50k student loans right now, taking advantage of the 0% interest rate. BUT when the govs where talking about student loan relief with the now dead HEROES act, I started researching if I would be eligible for any relief, and although I'm not now, I could be later if Biden wins the election? I don't know if I should continue paying or maybe take a gamble, take advantage of having to not pay right now and hope that Biden does some type of debt forgiveness... I've paid probably 10k but in 10 years because I was never financially able to pay more. My credit has been ruined by this and I wish I was able to make payments out of college but as a first time college student with a low income minority single mother and a degree that still got me a low paying starting salary, I've paid my way through my entire life and just now am I able to focus on paying my student loans. So while I am looking for a free way out, Ive made payments when I could, and 10k in 10 years did nothing... I actually owe more now than I did when I finished school. I'd love to start saving for a house. I feel like I know the answer but I want opinions and advice from the community on this. Paying 50k in loans at age 30, and needing a new car soon, I feel like I'll never be able to work on a home. Thanks y'all! [link] [comments]  |
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