Student Loans Paid Off! Student Loans |
- Student Loans Paid Off!
- Teacher Loan Forgiveness Success
- What rent can I afford? $315k loan debt
- Student Loan Defense of Repayment Complete
- Help me choose. Variable at 1.54% or fixed at 5.7%
- Teacher Losn Forgiveness
- What would a cancellation or forgiveness of your student loans do for you?
- I'm filing for fasfa. My parents taxes don't have any Schedule 2. I cant calculate the income tax for 2018 because schedule 2 isn't in the paperwork they have. What do I do? Do I just fill in Form 1040- line 13?
- My borrower defense application was denied. What should be my next step?
- Consolidating loans as a pre-med
- possible to get $20k in private loans with no cosigner and good credit?
- Navient still hasn't processed payment
- I'm worried I've fallen victim to a scam for student loans and would like some advice
- Help with SAP appeal?
- I need a student loan for around 5,000 dollars I have no credit history...help please
- Just graduated- Now what?
- Will resuming paying my IBR payments prior to the end of the CARES deferment period also re-start accruing my interest?
- How do I pay for college?
- Grad Plus Loan Newbie
- Seeking advice regarding loans for law school
- I really need help
- CARES Act: Pay off student loans or car loan?
- Worth paying off federal student loans right now with so much talk about loan forgiveness from Biden, etc.?
| Posted: 30 Jun 2020 12:12 PM PDT Graduated college in December 2019. Got a job as a RN earning 56k/year in Feb 2020. Paid off 16.1k in student loans in 4 months. Yesterday, was when I made my last payment. Today it finally posted. Good luck to everyone who still has student loan debt and wear a mask please. Background: 1)Took AP or college credit awarding classes throughout my 4 years of high school. Also, attended community college during my summer breaks. These actions enabled me to knock off 1.5 years off my bachelors. 2) Completed the rest of my nursing prerequisites at the same community college while working a fast-food job. Transferred over to a university program to get my BSN. Got a job as a CNA after my first semester of nursing school, but had to quit before the start of my 2nd semester because it would have been difficult to juggle the two. 3) Stayed with my parents while I attended college. I stayed free of charge, but was expected to take over the care of my grandparents as well as participate in the daily maintenance of their house. 4) After I got my RN job, I budgeted. 85% went to student loans, 5% went to 401k (to get the match), 10%-other. This was my original plan. Then coronavirus hit and I put all the money I would have put towards student loans into a HYSA until I discovered cash secured puts while reading. I poured every penny of student loan slotted money to writing cash secured puts. It worked, till it didn't. I still was in the green though when I emptied my entire trading account to pay off student loans. Tips for future student loan borrowers (pre-college)
Reason for Edit: Made it more interesting to read and to clarify my situation as there seem to be misconception that my post is one those "anyone can do it" post. Never my intention. Hopefully, this edit clears it up. [link] [comments]  |
| Teacher Loan Forgiveness Success Posted: 30 Jun 2020 06:41 AM PDT Both my wife and myself applied for Teacher Loan Forgiveness at the end of May. We both have loans through Great Lakes. I was worried after reading some posts about the application not going through for one reason or another. However, I wanted to give some hope to other Teachers. This process turned out to be super simple as we both got the full $17,500 in forgiveness. This wiped out all but $600 dollars of mine and a good chunk of my wife's. Don't lose hope in the process! [link] [comments]  |
| What rent can I afford? $315k loan debt Posted: 30 Jun 2020 03:28 PM PDT I'm a new veterinarian, fresh out of school with $315k of student loan debt. I've just landed a job where my salary will be 90k, and I'm planning on paying of the loans on a REPAYE plan. My main issue is that I'm having trouble finding budget-friendly places to live within an hour of where I'll be working. It's in Massachusetts, so I can't be too far away if I have any hope of making it in the snow. Does anyone have advice on how I can budget my rent? Having a roommate is not an option due to my pet situation. Right now, I live 1.5 hours away and pay 1575/month before utilities; I'm having trouble finding anything within 400/month of that, so maybe it would make sense to stay here and just commute long distances? [link] [comments]  |
| Student Loan Defense of Repayment Complete Posted: 30 Jun 2020 02:20 PM PDT I applied for Defense of Repayment against a predatory college many years ago. About four or five I think. In Dec 2019 I received an email stating my application is under review. Made the necessary phone calls , waited for my approval and received 100% forgiveness (You read that right all of it) From there I followed up with the Forgiveness program and Navient where my loan was. After a bunch of changes and lots more calls I landed in March waiting for Navient to update their records as my loan should be 0. They obviously dragged their feet but once their 120 days was up the Gov Education Dispute department was given a call and things got done fast after that. With the help of these two wonderful programs. I finally received my letter and checked online to see. My Loan Balance is $0. I am quite happy to say the least. Part of the program mentions funds returned depending on your forgiveness (Mine is 100%) so I have another adventure there but I just want show you guys its a headache and you continue make payments but if help is there I suggest you make those calls , fill out those forms and do what you can. [link] [comments]  |
| Help me choose. Variable at 1.54% or fixed at 5.7% Posted: 30 Jun 2020 04:55 AM PDT What would you choose and why? I'm leaning towards the variable rate because I can make more than the interest payment, but worried about how that might change over time. Loan is for $30,000 Thanks [link] [comments]  |
| Posted: 30 Jun 2020 09:38 PM PDT I'm calling my lender, FedLoan tomorrow but I'm impatient. My first application was denied because my school name wasn't exactly written as the one they have on file. I redid it and then I get an email that my loan is in forbearance. I've never applied for that! Does that mean it's been approved and sent off to the department of education? Has anyone done this recently that can give me a timeline of "events" you experienced? [link] [comments]  |
| What would a cancellation or forgiveness of your student loans do for you? Posted: 30 Jun 2020 07:21 PM PDT Overnight, in 3-6 months, 1, 5, and 10 years. What would loan forgiveness mean for you? [link] [comments]  |
| Posted: 30 Jun 2020 03:23 PM PDT |
| My borrower defense application was denied. What should be my next step? Posted: 30 Jun 2020 06:59 PM PDT My email said Allegation 1: Other You allege that DeVry University engaged in misconduct related to Other. This claim fails for the following reason(s): Failure to State a Legal Claim. Your claim for relief on this basis therefore is denied. I am not sure what to do, should I submit a request for reconsideration? [link] [comments]  |
| Consolidating loans as a pre-med Posted: 30 Jun 2020 01:51 PM PDT Hey there, new to this thread but it looks like an incredibly helpful source. I am a prospective doctoral student looking at over ~160k in loans. I currently am paying off undergrad loans and have been considering refinancing and consolidating them to lower the payments. Would it be beneficial to do that prior to taking out the additional loans I will need in the near future? The one thing everyone has told me is that a solid plan of action will be crucial in controlling the financial aspects of your life. I'm here to learn! Bless [link] [comments]  |
| possible to get $20k in private loans with no cosigner and good credit? Posted: 30 Jun 2020 11:18 AM PDT Long story but my parents (who paid for my first 3 years of college) kicked me out. I'm 21, about to start my last year of college, and I need to find a way to pay for it. I'm majoring in marketing and business analytics and plan on working part time during the school year to help pay for college. I tried getting federal loans, plus loans, etc but wasn't able to get much due to my parents' income. I'll need about $18000-$20000 to pay for my last year of college and it seems like private loans are my only option at this point. Is it even possible to take out a loan for this much without a co-signer and with a 765 credit score? [link] [comments]  |
| Navient still hasn't processed payment Posted: 30 Jun 2020 01:20 PM PDT So I paid off a lump sum of loans at Navient, a payment of about $8500 on June 19th but they still haven't processed the payment. The money has been taken from my account and the Navient website says my balance is zero but the loans aren't in the paid in full section with the previous loan I had paid off. The due dates just say no due date. What is taking them so long? [link] [comments]  |
| I'm worried I've fallen victim to a scam for student loans and would like some advice Posted: 30 Jun 2020 12:36 PM PDT So, first of all I know its my fault and I was stupid. I need help. Does anyone know anything about University Accounting Services? I randomly got an email from them this morning and they aren't my student loan provider. It said to login to view my account details and so I created an account and it says they're giving me money but also says the money needs to have payments on it when I first login. It asked for my ssn and I was groggy and stupid this morning. I just need advice if I've done something wrong. It asked for my zip code but the one I gave it it rejected so I put the zip i used when going to college in and it accepted it. Im very concerned and scared, would appreciate any help anyone can give me! [link] [comments]  |
| Posted: 30 Jun 2020 10:13 AM PDT So the first semester I did very poorly and failed 2 out of my 4 classes. I retook one of the classes in the second semester and I did well in the second semester. I did not meet the progress needed, which is is 67% and I'm at 65%. In my first semester I went through living problems, a car accident, and I had my cats leg amputated. A lot of bills and I had to pay everything. I did have loans but they didn't cover everything at that time. My question is, would they even care? And I have no idea what documents I could use and in the end they're just bills. Everything is and was just my problem, but it was very stressful. Would any of that matter? [link] [comments]  |
| I need a student loan for around 5,000 dollars I have no credit history...help please Posted: 30 Jun 2020 04:06 PM PDT Where do i begin searching for places to get them? I never owned a credit card before .I have my heart set on going to a community college and to get an associates degree online, my total comes to around 6.5k for 60 credits. FAFSA is out of the question, my parents do not want to disclose their tax information and assets to the government for personal reasons. Any help or guidance is appreciated! [link] [comments]  |
| Posted: 30 Jun 2020 08:07 AM PDT I have until January for the full payment for my loans will begin to be due every month. I currently have private and federal loans that total about 60k. On my private loan I have been paying interest off for a few years. My private interest rate is 7.8% with the balance around 32,000 right now. My federal loans have an average rate of about 4.5% with a balance of 28,000. Starting January my monthly payments will be right around 600 dollars. I wanna see about lowering my rates. Also wondering if that monthly payment is normal and how I should handle that. I set up a consultation with GradFin as they are the only group I am previously familiar with. Are there better resources out there? Sorry for the lack of structure just a little directionless right now on how best to handle these loans looking for guidance. Thanks in advance [link] [comments]  |
| Posted: 30 Jun 2020 02:31 PM PDT Hello. Essentially, I am considering once again resuming paying my IBR student loan payments right now, before the deferment period ends. I need to know if, by doing so, my interest would also begin to accrue before the deferment period ends. Background: I am applying for pre-approval for a mortgage (and have been for longer than you can imagine), and my mortgage agent asked why my credit score shows no student loan payments currently. I reminded him that everybody is in deferment due to the CARES act. He told me that, because I no longer show small payments, they have to adjust my debt-to-income ratio according to the ENTIRETY of the loan, which completely throws it out of whack. This seems terribly unfair to me, since this seems like the kind of stuff that the CARES act should be protecting me from. Anyway, the only way to resolve the issue is to resume loan payments and send him proof to that effect. That's my quandary. Any help is appreciated, and I apologize if this question has already been answered. [link] [comments]  |
| Posted: 30 Jun 2020 10:12 AM PDT Recently, I have become completely independent from my parents. This is unexpected because I applied and chose my college dependent on the fact that my parents would pay for my college. My parents make a lot of money so for my EFC it was 41,000$. I have a scholarship that covers 12.5k every year and I can take up to 5500 in unsubsidized and subsidized loans. Out of the 41,000 that I have to pay every year to attend college, I can only loan up to 18,000. How can I pay and afford the other 23000? [link] [comments]  |
| Posted: 30 Jun 2020 09:41 AM PDT I'm new to the loan life. Thankfully I got financial aid for undergrad. Now, it's time to hit graduate school and I'm wondering how all of this works. I know I'm getting a Stanford loan of 20,500 that's split in half for 2 semesters. This won't be enough obviously. So, I know I have to get the grad loan but I'm scared! I know the interest rate is 5.30% and I start interest once I get the loan but how much does that amount to? Is a 5.30 interest rate high? Let's say they give me 10k this semester how much would my interest accrue to? I'm so lost and I don't really know how this works. I'm researching this stuff now to get more informed bc it's certainly something I NEED to do but I just want to hear some experiences from fellow grad plus peeps and how they paid their loans off and if you feel you got taken advantage of. Thank you guys for reading my post! [link] [comments]  |
| Seeking advice regarding loans for law school Posted: 30 Jun 2020 12:47 PM PDT I will be attending law school starting this August. I have a nearly 50% scholarship, leaving me with ~$32,000 in tuition per year. I have enough personal savings to cover all living expenses etc. so those are not factored into my calculations/question at this time. My parents have about $40,000 that they are willing to loan me interest free for my schooling costs. I am wondering the best way to combine/use their funds along with federal student loans to minimize my interest due. The graduate federal unsubsidized loan interest rate is 4.3% this year which is much lower than normal. Do I:
Hopefully I explained this clearly and thanks in advance for any input! [link] [comments]  |
| Posted: 30 Jun 2020 11:41 AM PDT Hey everyone, I am going to be a junior this upcoming fall and have been fortunate enough to have my parents help me through my first two years. I go to an out of state private university. I had a friend direct me to my university's credit union, but unfortunately (from what I have researched) they do not seem to have one. Any advice on where I can get loans that won't bury me in debt or advice on which companies to avoid? For context, I have had a student credit card and have been saving up money there and building up my credit score for the future. I appreciate any helpful comments and advice. Thanks in advance! [link] [comments]  |
| CARES Act: Pay off student loans or car loan? Posted: 30 Jun 2020 11:22 AM PDT I have $13k in federal student loans that are at 0% and I don't have to make payments until the end of September. The loans' interest rate was normally between 5.5% to 4%. I have a car loan where I owe $5000 and an interest rate of 3.5%. Since this ordeal began, I've been paying off my student loans aggressively, normally about $3k-3.5k a month. I realized I could pay off the car instead, that way I increase my assets. I also have an interest-free credit card with a balance of $5000. I have about 8 months until the promotion ends. How would you take on these debts? [link] [comments]  |
| Posted: 30 Jun 2020 09:59 AM PDT Owe ~$29k in federal student loans with most of them around 3-4% interest rate (~$3k of them at 6%), and then I have ~$25k in savings/emergency fund. I was paying ~$2-300/mo. with plans to totally pay off the 6% loans in 1 large payment, but haven't paid anything since loan interest was paused due to COVID-19. I could pay off big chunks of loans using some of my savings, but there's been so much talk from Biden, democrats, etc. around federal student loan forgiveness even before COVID-19 and the economic downturn (estimates seem to range from $10k to full forgiveness) that I'm hesitant to pay much more than I already am. I wouldn't want to use up large portions of my savings that took years to build up to pay off loans that would have been forgiven anyways had I waited an extra year or two. Is it worth waiting it out in these extraordinary times to see if student loan forgiveness finally materializes, or should I still follow the traditional advice for paying off your debts as the second priority after things like 401k contributions, etc.? [link] [comments]  |
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