Back in the hole for graduate school! Student Loans |
- Back in the hole for graduate school!
- Grad Loan Advice Needed
- Common Bond & Bankruptcy Status
- How to un-accept student loans?
- Confusion whilst paying PLUS loans in grad school
- Im looking to get some help with getting started
- Grad PLUS
- For those of us with mass student loans, in your experience is it best to try and go big on payments for a few years, then be done or do the small payments with the expectation of forgiveness? $230,000 in debt.
- Do disaster forbearance months not count toward 20 years on PAYE?
- Debating on taking out small private loan, advice appreciated!
- Was readmitted after 10 years to school! Help greatly appreciated. 4 loans slipped by and are in default. Eligible for $20K worth of grants, but have to address loans. Consolidate, appeal, or rehabilitate?
- What is this “Federal DL Unsubsidized Loan”?
- AES/National Collegiate Trust NOT extending Covid-19 disaster forbearance.... ARE YOU KIDDING ME?
- Student Loans
- What type of loan is best for me?
- I've been borrowing from FAFSA, if I decide to stop borrowing, do I have to pay them back in 6 months or after I graduate?
- Question About Attending Grad School Part Time. 8 Week Classes and Deferment.
- Payments for a semester off
- How likely am I to be approved by sofi refi
- How do I decrease my tax hit after I got approved for a bonus to be used for my loans?
- Great Lakes requesting signed statement verifying IDR income??
| Back in the hole for graduate school! Posted: 31 Jul 2020 08:04 AM PDT I paid off my undergraduate last August, but now I'm back in the hole for graduate school. Wish me luck you guy!! [link] [comments]  |
| Posted: 31 Jul 2020 09:21 PM PDT I've got $15k saved for my law school tuition. I'll be working thought school and can save/pay toward my loans while in school somewhat. My school will cost a little over $100k in tuition over the span of my entire degree. I currently have no debt and have never taken out a student loan. For my first semester, I am debating whether I should take out a Direct Unsubsidized Loan for $10,500 or pay that out of my savings. I know that I'll have to take out student loans at some point, but I don't know if it would be smarter to take out a loan now while federal student loan rates are down and save that money for another semester when loan rates are higher. Thoughts? [link] [comments]  |
| Common Bond & Bankruptcy Status Posted: 31 Jul 2020 07:39 PM PDT I feel completely screwed over by my loan company. When COVID got big and I got furloughed I had to apply for bankruptcy. After I started the process my student loans went into bankruptcy status through Common Bond. I called and they summarized to me that my account would be frozen and no payments would be required and interest would not be added during the duration of my bankruptcy. After a few months I got a surprise on my account. More than $2k has been added to my balance. In the past three months I haven't gotten a single statement. In fact the last statement posted to my account was months ago. My home page stays my current monthly payment is $0 and my amount due is $0. Can they keep adding interest fees without telling me or giving me a statement? What can I do about this? My loan is now higher than it was when I went in bankruptcy and I have no idea how Im expected to pay a higher monthly fee. I already pay $798 a month. [link] [comments]  |
| How to un-accept student loans? Posted: 31 Jul 2020 03:33 PM PDT Decided to not go to college but accepted student loans and assigned them to my school. School has not started yet so I don't think it's too late to back out, I'm just not sure if they have the money or the government still has it. How would I go about unaccepting the loans and giving it back to the government. I want to do this as fast as possible so anything helps. Thank you. [link] [comments]  |
| Confusion whilst paying PLUS loans in grad school Posted: 31 Jul 2020 03:32 AM PDT Okay so forgive me if this is a really dumb question but I'm utterly confused as to why this is happening when I make SL payments to Cornerstone. I'm currently still in grad school so no payments are due but I've still been trying to save up and make payments on the SL interest + principal balance of my fed loans. I recently made a payment of 1030.21 (1000 principal + 30.21 interest) to Cornerstone for a GradPlus loan that was 8530.21 – expecting it to fall to exactly 7500. I opened my account today and saw that the payment had been processed. However, the unpaid interest for the loan still came up as 30.21, while the original balance had fallen to 7423.79 – once combined with the 30.21 unpaid interest displayed, the balance had still dropped $15.79 more than what I originally paid. BTW something similar has happened before in 2019 pre-COVID when I was making a payment for another GradPlus loan. The principal loan amount was 17500 and the interest for it had accrued to $861. I decided to pay 870 and expected the figure to drop to 17491. Instead, after the payment processed, the principal balance came up as 16591, with 900 being displayed as the quantity of unpaid interest I had. Again I don't understand why this is happening. [link] [comments]  |
| Im looking to get some help with getting started Posted: 31 Jul 2020 06:21 PM PDT I need to pay for 2000$ for my 2020 Summer courses. I'm going to have to take out a private loan and not sure where to start looking, what my choices are, or what to really look out for. Any help is appreciated! [link] [comments]  |
| Posted: 31 Jul 2020 04:39 PM PDT Newbie here.....how do I specify how much of the grad PLUS student loan I need? I only see an option to accept the award through my school financial center but no where does it show how I can adjust how much I take out. [link] [comments]  |
| Posted: 31 Jul 2020 10:16 AM PDT Same question as above. I have 230k in debt now, I just graduated law school. About 60k is from undergrad (public school, out of state, but the in-state schools with the program actually had a higher prices, which is insane). The rest is from law school - private, with a 30% scholarship, high CoL, but your school ranking doe smatter in this field, so I chose the school ranked the highest, but with the bigger scholarship as in I was accepted to higher ranked schools but did not get scholarships so they were not chosen. I do have a guaranteed job after the Bar at 70K per year. I was thinking about the REPAYE so I can build up my savings, but I do not know. I have done quite a bit of research but can't seem to find a 100% clear answer. [link] [comments]  |
| Do disaster forbearance months not count toward 20 years on PAYE? Posted: 31 Jul 2020 04:09 PM PDT So my monthly payment is $0 this year, and I just was informed that I'm on disaster forbearance and I haven't gotten monthly statement for a few months now. Does this mean there will now be an 8 month delay until my 20 year date compared to what it was before COVID? [link] [comments]  |
| Debating on taking out small private loan, advice appreciated! Posted: 31 Jul 2020 10:56 AM PDT I'm currently attending a PA state school, have a tuition of approximately 10,000 per year and am entering my junior year for a healthcare related science degree estimated with a starting salary of about 50-60k. Quick backstory: I'm 26 with decent credit (about 740-750) and have been on my own since I was 18. I currently rent a property with a roommate and have approximately 1,800 per month in expenses including rent, living necessities, etc Unfortunately, COVID has severely impacted my job (have been serving/bartending throughout college) where my income is now unsteady and my hours/wages fluctuate. I'm taking 16 credits this semester and have a heavy workload, I know I will burn myself out and risk negativity impacting my GPA if I attempt to look for a second job or work any more than 3-4 shifts per week. Federal loans have completely covered my tuition with about 1,000 to spare as a refund. I'm debating on taking out a private loan of about $4000 for this school year as a cushion to cover living expenses while attending school. I do plan to start making immediate payments on this loan while in school to save some money in the long run. I do have emergency funds in my savings but do not want to use that to live while in school due to the unstable economy and job marking Covid has caused. Is this a safe move on my end or is this a poor financial decision that will hurt me in the long run? [link] [comments]  |
| Posted: 31 Jul 2020 02:34 PM PDT My brother passed away when I was 3 years into college. I fell into a dark place and failed an entire year. I have worked full time since then. I have been re-applying every year since then and this year they finally accepted me back in! I'm excited to finally finish my last year. Info:
What do you recommend I do? I have read that website that lists the pros and cons of rehabilitating vs consolidating, but I am still confused on what to do. If I need the money in about a month or two from now, LATEST next semester (about 6 months from now), should I rehabilitate or consolidate those federal loans? Considering:
[link] [comments]  |
| What is this “Federal DL Unsubsidized Loan”? Posted: 31 Jul 2020 01:52 PM PDT I apologize for this dumb question as I do not know much about loans! I have never taken one out before and I am the only one in my family attending college studies. I am enrolled this fall with a $17,000 tuition (per semester). I have a scholarship which reduces my tuition by half (so I thankfully, need to only pay $8,500 per semester). My financial aid for the year says I am approved for a Federal DL Stafford Unsubsidized Loan of 20,500.00 per year. That being said, what is this Federal DL Unsubsidized Loan? The only thing I know is that it accrues interest as soon as it is distributed. Is it tax deductible (I don't have much of an income really), and is it worth it in your opinion for me to accept this loan? I need to find out the most economical strategy for me to get through my education! I need your advice, Thank you! [link] [comments]  |
| AES/National Collegiate Trust NOT extending Covid-19 disaster forbearance.... ARE YOU KIDDING ME? Posted: 31 Jul 2020 12:56 PM PDT These two have been a thorn in my side since I took the loan out... and now they won't make accommodations while people are out of work????????? [link] [comments]  |
| Posted: 31 Jul 2020 09:04 AM PDT I'm taking out a student loan for college. But I don't have a co-signer. So does anyone know any student loans for undergraduates with little to no credit? [link] [comments]  |
| What type of loan is best for me? Posted: 31 Jul 2020 11:56 AM PDT I'm completely lost when it comes to anything about student loans. I'm in the US and starting my MS program this fall. I filled out my FASFA before the deadline but it's not showing that I'm eligible for anything that I can tell. Is this because it's a Masters program, or is there something I'm missing? If I need to look elsewhere for a loan, where should I go? For context, I plan to pay half of the tuition out of pocket, which means that I will need a loan of about $15,000 total. I will be furiously saving money the next few years and I plan to pay off the loans in full within on year of graduation (the MS program lasts two years). I genuinely have no idea what I'm doing when it comes to this stuff, so any advice helps! [link] [comments]  |
| Posted: 31 Jul 2020 09:47 AM PDT I didn't have enough money to pay for classes for my first 3 years of college but now I do. I've been borrowing from FAFSA since, I'm not sure if I have to pay once I stop using FAFSA or once I graduate. I have a few semester left. [link] [comments]  |
| Question About Attending Grad School Part Time. 8 Week Classes and Deferment. Posted: 31 Jul 2020 09:38 AM PDT I'm starting Grad School in the Fall. I've already completed my FAFSA and accepted my award. I'm registered for classes. I was thinking of dropping to part time since I am working. Orignally I registered for 4 classes (13 credits) but was thinking of dropping to two which would be 7 credits.I know for deferment you have to be enrolled in at least 6 credits. However one of the classes is a full 16 week class (4 credits) and the other is an 8 week course (3 credits). After the 8 week course finishes, I will only have 4 credits for the last weeks. Does this count as me being enrolled for less than 6 credits? Or does it only matter for when the semester begins? [link] [comments]  |
| Posted: 31 Jul 2020 09:15 AM PDT So I recognize that I have 6 months after my last day of classes to start paying off my loans. I have a really great job opportunity that's contracted to last through fall semester requiring 55 hours a week. I want to take the semester off to get this experience, but I'm trying to avoid my grace period being used up. I didn't take any classes over the summer so I'm sure it would be used if I didn't register for classes. My question is if I enroll for classes in the fall and drop them within the first week or two, does my grace period reset? I'm finishing my degree in the spring so I will definitely be going back. I just need some ideas to save my grace period. [link] [comments]  |
| How likely am I to be approved by sofi refi Posted: 31 Jul 2020 09:06 AM PDT I was shown the rates and have a cosigner between the two of us on the loan our income is 130000 and the total debt is 79000 we both have credit scores in the 730-800 range [link] [comments]  |
| How do I decrease my tax hit after I got approved for a bonus to be used for my loans? Posted: 31 Jul 2020 08:37 AM PDT Alright I got a bit of a silly question, but here it goes; how do I decrease my tax burden after I got a bonus to pay for student loans? I work gov and the agency has a student loan payment program, where they'll pay a dollar amount of your student loans in exchange for promising to work there for x years. Luckily I was approved for the yearly max of $10k! They'll pay the loan company directly but it is seen as a bonus payment to me and taxes will be taken out. The program has already gone thru and I noticed that they took out 35% for taxes already and the rest went to my student loans. Is there I can do to make the tax burden less or is there special income section that will make taxes less? I would like to use as much as much as possible for my loans. Right now the only thing I can think of is to increased my 401k contribution. I am single and don't own a home. Any suggestions will be great. [link] [comments]  |
| Great Lakes requesting signed statement verifying IDR income?? Posted: 31 Jul 2020 07:17 AM PDT Trying to help a friend here- He just consolidated his loans and applied for REPAYE. When he applied he input the info from his 2019 tax return with $0 AGI, thinking that his REPAYE payments would be $0 for the next year. However, now a month or so later, he received an email from Great Lakes that is as follows:
What the heck is this? Has anyone else run into this issue? [link] [comments]  |
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