Anyone think student loans hold them back from life growth? Student Loans |
- Anyone think student loans hold them back from life growth?
- Pay off now or wait until Dec 30th?
- Not sure how to finance senior year
- Is anyone here an American who went to (grad)school in the UK & took out a loan?
- Are graduates getting jobs In this economy?
- Signing up for a student loan during the pandemic?
- Is it worth my time to refile for borrowers defense after I've been denied?
- Origination fees
- Any tips for someone about to take out loans, specifically with the COVID situation going on?
- Nelnet not functioning whatsoever
- SEND HELP - Feeling Overwhelmed and Confused
- Payoff/Ride out
- Will Navient Give Me Paperwork?
- Why isn’t nelnet showing my new school?
- Federal Loans: Pay em off ASAP or let em ride?
- Whenever I went to platt college
- Student Loan Default - International Student
- Need help refinancing GF’s non title IV Med school loans
| Anyone think student loans hold them back from life growth? Posted: 30 Aug 2020 04:26 PM PDT I'm on track to becoming student loan debt free in 9 months. I live with my parents (it was an opportunity that not many people get, and I didn't want to waste it) so all my money goes directly toward loans to get rid of them faster. But sometimes I feel like I'm not making life growth. I remind myself it's not a competition, but I see people buying homes and living on their own, and I've yet gotten to experience living alone and becoming independent. Or people are buying newer cars, and I remind myself that it's a want, not a need, and my car could probably last another 6-7 years with continued care. Or even traveling, yeah there's covid, which I'm thankful for as we shouldn't be traveling, but still! Had I had the option to travel I feel like I wouldn't have due to wanting to pay off my loans. I don't know if it's maybe because the closer I get to the end goal the more antsy I become. But it just feels like my life is on hold due to the loans, with also a mix of excitement when I think of being done. [link] [comments]  |
| Pay off now or wait until Dec 30th? Posted: 30 Aug 2020 10:04 PM PDT I have $20,300 left on my student loans with great lakes (started with 37k). My husband and I have enough in our bank account to pay off now but I'm a bit apprehensive. Is there any reason we should pay off now or should we wait until Dec? [link] [comments]  |
| Not sure how to finance senior year Posted: 30 Aug 2020 11:19 PM PDT Going into senior year of UG, taken out $25k a year so far but am down to $40k total cuz I don't mess around and one parent paid $10k after their divorce last year so they'd look sick and hey I wasn't gonna say no. So I've personally paid $25k in that time from a variety of jobs n such. Last year I qualified for some subsidized Mohela whatever due to divorce and using only one parents income on the fafsa (this has got to be the financial equivalent of two kids in a trench coat walking into a bar but again, I'm not complaining). So I've mostly been paying all summer, been living at home cuz of Covid but luckily was still employed and actually better off, cuz instead of one internship in a high COL place that woulda paid 15/hr, I lived at home and did doordash all the time and made bank. Brag time over, now I'm reevaluating loan options for senior year. Everything is cheaper since school's remote and I don't have room or board, so I only need to borrow about $9.5k this last year. What is my best option given Covid? Are all govt loans pausing interest or just subsidized? If unsubsidized is also paused I'll just ditch my private loan provider for senior year and let Uncle Sam finance my studies. What say you reddit? Also when do I start thinking about refinancing my private loans? I have a FT job offer that I've accepted, not sure if that's enough to get the convo going so I'm not working with 6.5% or whatever the rate is that does not fit my level of risk at all anymore [link] [comments]  |
| Is anyone here an American who went to (grad)school in the UK & took out a loan? Posted: 30 Aug 2020 05:20 AM PDT Hi! Im just curious to hear from anyone that moved to the UK to pursue a masters in the past. Was the loan money enough to fund your studies and living costs? Did you work while you studied? Do you think you made the right decision? Did you get a job? How has repaying been? Or just anything in general Thanks in advance! [link] [comments]  |
| Are graduates getting jobs In this economy? Posted: 30 Aug 2020 04:04 PM PDT It just seems so wrong these kids taking on loads of debt to get a degree, but It turns out economy doesn't need his expertise. Society is exacerbating the problem by reinforcing higher education will equate to success. It does not. And how is an 17 yr old suppose to know what he wants to do with the rest of his life. Yet, he is forced to pick a major. It's a debt trap for many. [link] [comments]  |
| Signing up for a student loan during the pandemic? Posted: 30 Aug 2020 10:02 AM PDT Hi, new to loans. I heard something about feds slashing interest rates for student loans. Does this apply to those who have signed up in 2020, did they get much lower than the average 7% rates? Or did that apply to those who were already in school and had their loans out for them already? Was it considered "lucky" to sign up for loans if I started school this summer of 2020? [link] [comments]  |
| Is it worth my time to refile for borrowers defense after I've been denied? Posted: 30 Aug 2020 01:22 PM PDT I filed for borrowers defense in 2017 against DeVry University which was finally denied July 2020. I cited transfer credit discrimination, which outlined proof that transfer credits were being cherry picked by Devry administration on a student by student basis. (With transcript photos for proof from 3 different students and numerous emails between myself and DeVry admin) not to mention that Devry has gone through several class action lawsuits since I graduated, which I am a part of.. I can refile my application, but it seems like such a daunting task to re go through everything only to be denied again.. My questions are: - is it worth it to refile? - has any one from DeVry had a borrowers defense application approved? - is it even considered fraudulent for a for profit college to erroneously allow/deny transfer credit from their sister college? [link] [comments]  |
| Posted: 30 Aug 2020 04:42 PM PDT I have extra cash on hand. Ihave a PLUS loan that is less than 120 days old. According to loan servicer I won't need to pay origination fees about 4% for the PLUS loan. How does that work? I have 5k in loan and I received 4780. If I pay 4780, will that pay off the loan? [link] [comments]  |
| Any tips for someone about to take out loans, specifically with the COVID situation going on? Posted: 30 Aug 2020 08:23 PM PDT About to take out government loans for my second year in law school and before i did I wanted to know if anyone has any helpful tips in general or related to COVID. I heard some policy was made due to COVID but i am Not sure what it is and afraid I could be missing key information that could help Me Years down the lin. thanks for the help! [link] [comments]  |
| Nelnet not functioning whatsoever Posted: 30 Aug 2020 02:08 PM PDT I got approved for a deferment based on the fact that I'm back in college for a masters degree. However, I got an email a few weeks ago saying I had an important message. I clicked on the link, but the page didn't load. I went to the website by google search and it still didn't load. I tried to open the application on my phone and it still didn't load. I couldn't even get to a log in screen. Just blank. I see other posters here have been able to access the website so what gives? Anyone else facing the same issue? I suppose it's possible it has something to do with being in Saudi Arabia, but I've opened Nelnet plenty of times and never had this issue. [link] [comments]  |
| SEND HELP - Feeling Overwhelmed and Confused Posted: 30 Aug 2020 08:05 PM PDT I'm an immigrant who was recently admitted as a (dependent) Freshman Transfer at a local university. I applied for Financial Aid, got approved, had Award Offers of Direct Unsubsidized Loans and Direct Parent PLUS loans. We were super out of time to educate ourselves and I have no background knowledge of Financial Aid AT ALL. My Direct Unsubsidized Loans came around to $5,500 total for the year and my DIRECT PARENT PLUS came around to $22,647 total for the year. Cost of Attendance is $28,147. I have a general lack of knowledge on loans and have questions about the following: 1.) Is the amount I listed about permanent loans that we will now have to pay off? 2.) Room and Board is calculated in the Cost of Attendance and when I asked Financial Aid Offices, it wasn't an "Actual Charge" but a component of my budget. What does this imply? Will whatever I don't consume be subtracted from the $22,647? 3.) When is will I know the complete balance of what I have to pay? 4.) I've accepted the Awards, what if I'm charged for something I did not get like Room and Board? 5.) When is the Loan disbursement? Will I get notified of this? Please educate me, I'm feeling very overwhelmed about the amount and how majority of it is under my parent's name and how much of a burden this is for them. I hate the thought of sticking on a loan with such high interest rates onto my parents and them having to pay for everything. Urgent help please :( [link] [comments]  |
| Posted: 30 Aug 2020 08:00 PM PDT Hi guys. I am a 24 y/o nurse with 5k out in loans. 2 loans 3500 sub at 4.5% and 1500 at 5%. I have the funds to pay them off but I don't have an established credit history(dream of buying a house in next year or two). I just started using my first credit card 5 months ago and don' have any long term credit history. Should I ride these loans out or should I pay them off while in forbearance? [link] [comments]  |
| Will Navient Give Me Paperwork? Posted: 30 Aug 2020 06:53 PM PDT My husband doesn't have any of his paperwork for his original student loans. Also, I would like some documentation that says when his payments started counting under his Income Based Repayment plan-- because he missed a payment and had to restart. I have asked questions on the phone but would feel a lot better if I could get some of this stuff on paper. Does anyone know will Navient provide any paperwork that says "Your IBR plan began on blah blah blah" or have any of our original paperwork for when my husband signed the loan? Will they give us anything that is not already provided on the web site? Thank you!!! Julie [link] [comments]  |
| Why isn’t nelnet showing my new school? Posted: 30 Aug 2020 06:27 PM PDT I recently transferred from a community college (first day of class is tomorrow) and nelnet still says I'm enrolled to there till 2021. Why isn't it showing my new university and that I'm enrolled there till 2022? [link] [comments]  |
| Federal Loans: Pay em off ASAP or let em ride? Posted: 30 Aug 2020 05:54 AM PDT I'm just about to pay of a $62,000 private loan, after 2.75 years. Awesome. But, here's the thing. I have $37,152 of Federal that I haven't really touched. And we all know, they're in deferment w/ 0% interest til the end of the year. And here's the other thing. I'm approaching 30 years old. I have a little over $6,500 in combined retirement accounts (401k and Roth IRA). I contribute the full match with my employer for my 401k. But, as I approach 30, I can't help but get really really anxious about not (ok, barely) investing still. I'm currently on a PAYE program with my federal. Meaning, after all this COVID stuff ends, I'll be paying $367 for 120 months. Do the math, thats $44k and then they're forgiven. $367 a month is about 0.09% of my monthly income, which will increase as time goes by. Or, I pay the $37k off ASAP, which, realistically, I could do it in about 1.5 years, give or take. The 0% interest will help with that. So, say I do that, I'm looking at almost 31 yrs old before I start truly investing my money. I'm so torn. I want to be debt free, but I also want to do what will make most sense in the long run. I lean towards paying it off, because I don't ever see myself wanting to buy a house with that much student loan debt left (granted, buying a house isn't at the top of my list of financial goals)...But, marriage, too. I'd love to be debt free before marrying my SO. But...at the same time, I could simply forget about it; let that $367 go every month until I'm 40; invest and save and live my life. WWYD?? (And, yes, I have an emergency fund.) [link] [comments]  |
| Whenever I went to platt college Posted: 30 Aug 2020 10:13 AM PDT I was only there for a few months, and they say I used 4500 in loans. Which I think is incorrect and that they took more money than they needed from my loans. This was in 2010. I never received any extra money from loans, or anything. How do I get this sorted out if I think they did something fraudulent? [link] [comments]  |
| Student Loan Default - International Student Posted: 30 Aug 2020 02:53 AM PDT Hi everyone, I'm posting on behalf of friend of mine who is in a need of advice. My friend is a foreign citizen, currently staying in her country of birth. She finished Masters degree in the US almost 10 years ago, worked here a few years and then left back home. She still has around $40k balance outstanding on her loan (out of total $110k). The loan is private through school's arrangement with local credit union in the Bay Area. My friend recently had a baby and also due to the Covid situation, her financial priorities are elsewhere now. Also the credit union has been hiking the interest rate and my friend stopped paying around 5 months ago. Since she worked/lived in the Bay Area, she has a credit score in the US and some bank accounts here including Betterment/Wealthfront, but the funds there are tiny as her life is fully abroad and she only comes to US only on occasional business trips. The credit union has been reaching out to her and is now saying the loan will be charged off. Now the question is, wouldn't she be better off having it charged-off and sold to debt collector with whom she can then settle? Since it's an unsecured loan without any co-signers, the worst that can happen is that the debt collection agency ruins her US credit or sues her, although I don't see why they would sue her given she has almost no assets in the US and trying to collect abroad would be quite difficult for them (but of course not impossible). Now if her US credit is ruined (as a result of settlement or loss), then in 7 years it's wiped off her credit report? I don't see her coming back to US within next 7 years either way, given the current situation, but of course that could change and she might have trouble getting credit if that happens. Any thoughts what would be the best course of action? Should she get some lawyer who's an expert in this? What are the typical settlement amounts for unsecured debt held by foreigners like this? What is the likelihood of the collection agency to sue given she's living abroad? Any other thoughts? Any help would be greatly appreciated, thanks! [link] [comments]  |
| Need help refinancing GF’s non title IV Med school loans Posted: 30 Aug 2020 05:48 AM PDT My girlfriend went to a Non title IV Caribbean med school. She is ending her residency early to start a fellowship this January and we are looking into buying a house. She refinanced her student loans at the start of residency with citizens bank and currently pays 1600 a month. We have been looking for a bank that would refinance her loans (again) while rates are low and ideally one that offers a delayed payment residency/fellowship program like sofi or laurel road. Most seem to say no based off the school she attended. Anyone have any guidance? She has a 700+ credit score. [link] [comments]  |
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