I want to kick off a student loan donation thingy... Student Loans |
- I want to kick off a student loan donation thingy...
- Help!! Can’t afford to go to school because I’m still technically a dependent
- When to take the loan out?
- Any Reason Stafford Loan not eligible for IDR?
- Switched to New School (Will the Old School Know?)
- Genuine.
- Looking for advice regarding student loans
- Help!
- Can I use my government backed student loans to pay back a friend who paid for my tuition?
- Keep getting calls about student loan forgiveness
- Need advice for loan (US to UK Student) taking about 81k loan
- UASConnect experience- beware!
- GRAD PLUS without any credit
- Discharging a Private Student Loan
- Is Nelnet still doing TPD paperwork
- Borrower Defenses on Devry University
- Should I take money out of savings to pay Sallie Mae?
| I want to kick off a student loan donation thingy... Posted: 02 Jul 2020 09:37 AM PDT I really hope that my idea is received well here. I'm really nervous about even sharing it because I fear coming off as stupid. Anyways... I decided to kick off a blog detailing my student loan debt journey (just like everyone friggin else). I'm obsessed with personal finance and the challenge of paying off this 64,000 mess I've made. Alongside this blog, I wanted to help others repay their loans. I have some privileges with paying mine off, but I (as a social worker) believe in giving back. I found a site call loangifting that will allow me to directly pay for people's loans instead of bpple duped out of cash by people. I'm gonna use random drawings for now. So right now I wanted to start off small. I can do $50 a month for starters. Is this a waste? Would people even care to have $50 put towards their loans (it's such a small amount, I know). I would be paying out this money personally, and I wont be charging any BS entry fees. Overtime I'll be able to pay out more. Can I get some feedback? I'd really appreciate it. Edit----Oh no!! I'm so sorry...my wording was super off. I was thinking of doing a monthly random drawing to give the $50 to a different person every month. Would this be unreasonable or a waste? I guess this is where my concern lies...it seems like nothing. I'm so sorry. I really am. I want to give to many people. As far as the blog goes, I'm still working on it. I've been at it for hours (I've never created one before) and I am being super careful about doing it right. [link] [comments]  |
| Help!! Can’t afford to go to school because I’m still technically a dependent Posted: 03 Jul 2020 01:17 AM PDT Can anyone help me figure out a way to afford to go to school? I'm 22 and have been struggling to find a way to pay for school for about 2 and 1/2 years now because my parents make too much money for me to qualify for much financial aid they make about 250,000+ plus a year and won't help me pay for school at all. I can't file as an independent until I'm 24 because I'm not homeless, a veteran, have a child or married which my girlfriend and I considered since we plan on getting married anyway just not now we've been together 5 years. Any suggestions on what to do? I also already went to community college for two years so that is no longer an option. [link] [comments]  |
| Posted: 02 Jul 2020 11:59 PM PDT I straight up cannot afford the school I'm going to. It's roughly 19, 000 a semester and I'm offered 17,000 per semester in federal Stafford unsubsidized loan. I can pay the remaining balance with cash but I don't want to dip into my savings that aggressively. Should I use more of my savings (about 7k, don't flame me) to pay off first semester and take out a smaller loan amount or use some savings to pay off interest? Ill have to do some math to figure that one out but if someone can crunch numbers better than me or knows a better plan of action I'm all ears. Also my main question is when do I accept and how long does it all take? My payment is due second week of August, should I accept now or wait closer to August? I'm not sure the timing of payment and billing and I'm worried I might accept too late and miss my tuition due date [link] [comments]  |
| Any Reason Stafford Loan not eligible for IDR? Posted: 02 Jul 2020 08:47 PM PDT I recently graduated school and submitted my IDR application to my servicer (Great Lakes). My grad plus loan was accepted for IDR but it says my stafford loan is ineligible. Very confused as to why this is, and I won't be able to contact them until monday due to the holiday [link] [comments]  |
| Switched to New School (Will the Old School Know?) Posted: 02 Jul 2020 08:32 PM PDT Long story short. Left my old school under not ideal conditions. Got into a better school and plan on attending in the fall. The school is international but does take FAFSA loans. Thankfully the amount due is manageable. From what I read, the grace period clock restarts once you are enrolled full-time. My only concern is whether my old school will find out through FAFSA that I'm attending another institution. Does anyone have any insights on what a school can see on their end? Or is it once you take out your loan it's between you and your loan provider. [link] [comments]  |
| Posted: 02 Jul 2020 04:42 AM PDT (Male 20) Honestly, I don't even know how I'll survive now. I'm always very positive about everything thing. I lost my father 7 years ago and since then my mother is struggling to raise me and my sister. She cannot work as her health does not allow it. Through all these years I've been scammed, my money stolen and even though I'm hardworking and good at studies and work someway or another nothing goes the way I want. At this point in life I am so low. I can't ignore the pattern now. Financial state is always been a problem but now I don't even have resources to work. I've noticed that even if I work hard 24/7 something eventually messes up. My only laptop on which I used to work got fried up and I don't even have money to pay my rent. I'm really not sure how I'll provide for my family now. Never felt so hopeless even after being hardworking and fully capable of turning this around. I guess this year is not for me. 😔 I can get my life together if I get a laptop. You see I'm a graphic design student and I used to do freelance work until last month when my 9yr old laptop died. (which was one of the major reasons I started feeling this way). There's no way to fix it. It would be very helpful if you have any contacts about student scholarships or people or organizations who would be interested in helping me out. Any help would be appreciated. [link] [comments]  |
| Looking for advice regarding student loans Posted: 02 Jul 2020 10:15 AM PDT Hey everyone, Honestly, I'm feeling pretty lost in the search for how I should best finance my education and I was wondering if anyone had recommendations on how I should go about it. I was stuck between taking loans from PHEAA and paying the interest each month or some weird combination of the federal govt + PHEAA or some other course. I would take everything the federal govt., but unfortunately the loan limits wouldn't be enough to cover me for my first year. I grew up low income so I've always been pretty cautionary with money so the thought of taking loans from the wrong vendor and screwing myself over with high interest once I graduate is terrifying. If it makes any difference or helps give insight into how I should approach this here's the specifics of how much I'd owe per year: 10.2k/yr 3.5k of which is available to me in work-study 6.5k out of pocket. For my first year I'd like to not due work-study, especially with everything currently going on, so it'd be the whole 10.2k. Thank you so much for any advice! [link] [comments]  |
| Posted: 02 Jul 2020 03:44 PM PDT This is my very first post on Reddit but created the account primarily to ask this! I am an international dental student (in the US), and I was being helped by a small organization that provides interest-free loans to students who will help make a difference in the community after graduation. Because of COVID-19 and the financial implications, I was notified last week that they will be unable to provide me with support for the upcoming academic year, which started two weeks ago. While I am working on getting my tuition sorted out, there is a large sum of expenses from certain purchases like surgical loupes (which cost an average of $2,000) and laptops that can are powerful enough to access xrays and scans that have to made very soon. Would anyone happen to be aware of a source that I could reach out to for a one-time funding support? Again, I am unable to benefit of anything brought forward through the state as I am not a US citizen. Any help would be appreciated! [link] [comments]  |
| Can I use my government backed student loans to pay back a friend who paid for my tuition? Posted: 02 Jul 2020 08:59 AM PDT To preface this, I am a graduate student in the Northeast. I've been approved for just over $16,000 in financial aid in the form of unsubsidized student loans. I filled out my FAFSA a little late for the school to offer me financial aid by the time my term bill was due, so a well off friend of mine offered to foot the bill for my tuition ($11,500). I'm greatly appreciative of that gesture and told her I would pay her back when my loans came through. I know that student loans must be used to pay for education. To me, paying her back is paying for my education since that's exactly what she did. When I accept the loans, my school is going to disburse them to me (tuition is already paid, from what I understand you are given back whatever amount isn't being used for tuition), am I allowed to then use this money to pay her back? Do I have to take out a private loan to do this? I tried looking this up but I didn't get much clarity as it's probably not all that common a situation. [link] [comments]  |
| Keep getting calls about student loan forgiveness Posted: 02 Jul 2020 08:59 AM PDT I don't answer numbers I don't recognize, for the past 4-5 years I've been getting calls from people leaving a message telling me about student loan forgiveness. I never call them back. One of them called this morning at 7:00am and said "Hi sorry I missed you this is Bradley Jaycee (:sp) it's currently Thursday, July 2nd I was just trying to reach you regarding the (something) application regarding student loan forgiveness and I really need to either complete it today or just close it out however it would be a shame for you to miss out because if this current economy and health crisis I can help prices created options that are normally on the table just to go away so if you want to proceed with the application I just call back cancel it no problem just let us know before 6 PM today by calling 855-224-4287 thanks again have a great day…" They left that message with some words I couldn't really make out. I never call back because A) I've been at a community college for 10 years then stopped now I've been working for the past 4-5 years (is when they've started calling me). I plan on going back to school in the Fall. B) I've never ever done any student loan things in my whole career of going to community college. (I have zero loans to forgive because I know better not to do student loans without working). I feel like these calls are all scams which is why I just completely ignore them. Am I right to ignore or no? [link] [comments]  |
| Need advice for loan (US to UK Student) taking about 81k loan Posted: 02 Jul 2020 05:06 AM PDT Good day to all, for the people that are experienced with loans already, I just want everyone's opinion if I'm making the right decision towards the next years of my life. I will be taking about $81,000 in Student loans to finish a 3 + extra 1 year foundation course in the UK to finish Bachelors in Interior Design (total = 4 years, fees are excluding interest will talk about that later on). I know that such courses get a bad rep. due to job demand, but aren't we all trying to reach our dream jobs? -which mine is Interior Design, My family is in line in the Real Estate business here in the US so we got some connections. I come from a low income family don't get me wrong, but I'm trying to be independent when it comes to funding my studies so that's where the loan takes part. My plan to tackle my loan, will be paying for the interest while being a working student so it does not accrue whilst every extra penny I would have would go towards paying the actual loan itself so it can be lowered even with small amounts which explains the amount of 81k without interest. I do keep in mind that not everything might go as planned but that's where I would have a little wiggle room for my parents to help me out with the small interest to pay monthly if I cannot find a job for the first few months. I will also have my s.o in UK helping me out with accommodation and just the basics. After graduating me and my s.o plans on moving back to the US eventually but that's still 4-5 years down the line so anything can change. Interior Design is my passion, I know it will not be easy to find a job but I am completely ready to be beaten down by life no matter what it takes. It's what I love and it's what I see myself doing for the rest of my life. Why can't I just go to a community college and graduate here? I need fresh start, I also have personal problems that I would like to keep to myself involving my own family. I have also visited England and I find that the life there has a similarity to living in Philippines where I was originally from all my life as I've only been here in America for 1.5 years as a legal American Citizen and from that 1.5 years all I've done so far was work a minimum wage job and pay for expensive rent with my family and I don't see myself improving my chances in life If I just kept doing that. My s.o is worried about the loan and says that we might suffer paying it in the long run but what I say to him, with the right way to tackle the loan and good budgeting as every other student does, it's possible and do-able. It might not be the greatest once repayment kicks in but hopefully as the years progress we can expect growth on how the future will unfold for the both of us. Am I making the right decision? Thank you for taking the time to read all of this. [link] [comments]  |
| UASConnect experience- beware! Posted: 02 Jul 2020 08:45 AM PDT If your loan is sold to UASConnect like mine was, good luck to ya pal. Their customer service is awful- clearly not well trained or knowledgeable. When trying to pay off my loan, I couldn't do it online (because the payoff amount exceeded the principal balance, but online payments can't exceed the balance, how convenient). Had to call and went through 2 different reps to process- both of which I had to correct and tell them the payoff amount because they wanted to charge the principal! On top of that, while I clearly stated to charge this large payoff amount from a new bank account I just added, they charged the wrong one!!! I had to panic transfer and e-deposit a check, AND call my bank to explain and avoid the payment bouncing. It all worked out because my bank is awesome, but UAS's mistake could've hurt my standing with my bank and my credit score. From there it's been an almost 2 month venture into getting documentation of my account closing. I called every 10 days to ask for updates, remind them of the documentation, and every time was met with "oh, that's so weird, I'll submit your request for the Paid In Full letter now. You should see it in 7-10 business days!" Then crickets. This happened on 4 separate occasions. Finally I pulled a Karen and asked to speak to a manager AND had this manager email me stating the work she had done on my account. Lo and behold, the very next day I finally get my Paid In Full letter. TL;DR- UASConnect is a prime example of a predatory loan company who will make it extremely difficult to close your business with them. Do whatever you need to in order to find a different servicer!!! [link] [comments]  |
| Posted: 02 Jul 2020 11:25 AM PDT Hey guys. I am a new immigrant in the US. My SSN has absolutely no credit history linked with it. The only thing realted to my SSN is my checking account. Will I be eligible for grad plus loans? ( I meet the domestic student requirement so no problem there) From what I have understood I should not have a bad credit history. Not sure about having no credit history. Thanks in advance!! [link] [comments]  |
| Discharging a Private Student Loan Posted: 02 Jul 2020 07:36 AM PDT I graduated with my master's degree on May 9, 2020. I have been seeking employment since, however due to COVID and my career being in the healthcare industry, I have not started working. My specific chosen occupation requires me to do a year of having a direct supervisor. Needing a supervisor is the reason why I'm not being hired - with COVID, no one wants to hire a person who cannot independently sign off on billing/insurance yet (after the year of supervision I then become officially board supervised and am approved to work independently). I am not able to move to a bigger city or move anywhere in general because my significant other attends college here. Because I have a private loan, the interest is still accruing and I am now over 90k in dept. I contacted my student loan company and asked for relief but I have to wait 10 days to hear back and even then the relief doesn't sound as if it will help me monetarily. Anyone have any suggestions as to what I can do? I don't necessarily want to try declaring bankruptcy because I've worked hard over the past 6 years to build good credit. My bank account is very thin right now . I can probably afford 1-2 months more of rent and living expenses. This situation is taking a serious toll on my mental stability/health. Thank you in advance for your time! [link] [comments]  |
| Is Nelnet still doing TPD paperwork Posted: 02 Jul 2020 07:11 AM PDT |
| Borrower Defenses on Devry University Posted: 02 Jul 2020 09:10 AM PDT Has anyone had a successful claim on Devry? Attended 2008-2015 was in the ftc settlement? [link] [comments]  |
| Should I take money out of savings to pay Sallie Mae? Posted: 02 Jul 2020 07:54 AM PDT Hi everyone! I (26f) am almost done paying off my Sallie Mae private loans. I currently have $16k left at a 7.75% interest rate because the stock market isn't doing well. This loan is variable interest and before the economy was doing badly it was a 12% interest loan. I am a graduate student getting my PhD in chemistry and about to graduate in the next 6 months. I am trying to pay off this loan as quickly as possible while the interest rate is low and have been using Dave Ramsey's debt repayment strategy. I am wondering if it is stupid to take $2500 out of my savings to lower my Sallie Mae loan or keep the $2500 in savings. I try to have $3-5k in savings just in case and this would drop me below that. I just hate seeing the interest accumulate on my Sallie Mae loans and have already paid off over $20k in interest to Sallie Mae alone. I also have federal loans $25k and a car loan $16k to pay back but those all have 4% interest rates. Private loans have no protections so I am trying to pay them back as quickly as possible by working multiple jobs. Should I save up and focus on paying more back once I have a job, or try to be free of Sallie Mae by December? [link] [comments]  |
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