How Much Debt Do You Have? How Much Do You Pay Monthly? Student Loans |
- How Much Debt Do You Have? How Much Do You Pay Monthly?
- Easy side hustle during COVID?
- Pay grad school in cash or pay off understand loans
- Delay home for student loans?
- Do Over
- How likely is a Covid forbearance extension?
- Month payment impact of dependent
- Student loan forbearance question
- Applying for a student loan with short credit history
- Disclosure Statement From School I Disenrolled From, HELP
- Interpreting Financial Aid
- Should i refinance?
- Closing Balance
- Grad direct / PLUS: Best to apply savings to principal or pay off interest while in school?
- Need help
- Best private loan to pay off debt to an old school ?
- Need advice for wife's student loan
- Help please?
- How to apply for federal student loans?
- YSK: For those already enrolled in Public Service Loan Forgiveness, the COVID related forbearance can qualify towards your PSLF month count.
- YSK: For those already enrolled in Public Service Loan Forgiveness, the COVID related forbearance can qualify towards your PSLF month count.
| How Much Debt Do You Have? How Much Do You Pay Monthly? Posted: 01 Aug 2020 12:58 PM PDT |
| Easy side hustle during COVID? Posted: 01 Aug 2020 09:09 PM PDT Hello, I want to try to to start more aggressively paying down my student loan balance ($45k left) this year/the next few years. I'm aiming for 5 years but would need to double my current monthly payments. Has anyone continued their side hustles through COVID or started new ones? My field is more admin/project mgmt and I'm not sure what a good side hustle would be (besides Uber, food delivery, etc. which I would rather not do). Any suggestions? [link] [comments]  |
| Pay grad school in cash or pay off understand loans Posted: 02 Aug 2020 12:10 AM PDT I graduated with about 31k undergrad loans with a BSN. Fortunately I've paid off $10k the last 10 months so I've been pretty aggressive about my payments. I might actually be admitted to grad school this fall and was wondering what you guys think would be better - cashflow grad school and just do minimum payments on the undergrad loans or continue to pay off undergrad loans as aggressively and take out grad plus for masters? The masters would be maybe between $34-44k according to the website, my work will reimburse me about $3k/yr. My current undergrad loans are federal, I've paid off the private loans. The current interest rates are between 3-5%. Thoughts? [link] [comments]  |
| Posted: 02 Aug 2020 12:56 AM PDT Is anyone else delaying home ownership to pay off their student loans? I still have almost $50k left from undergrad and grad school and had to defer a few years for emergency medical bills. Now I'm trying to keep at least a 6 month emergency fund and put all extra funds towards student loans so I don't have much left to save for other things. I live in a high cost area as well, mostly for the job opportunities. I know I'm only 32 but I feel like I'm already behind. Am I going to regret it later? [link] [comments]  |
| Posted: 01 Aug 2020 05:06 PM PDT If you guys could do it all over again, would you attend community college and have virtually almost no debt and receive a decent education, or would you go to a university and acquire quite a load of debt but have a good job? [link] [comments]  |
| How likely is a Covid forbearance extension? Posted: 01 Aug 2020 11:29 AM PDT I know the HEALs act doesn't seem to have anything for student loan extensions but I heard it's something the Democrats want in the agreement and that Trump mentioned supporting it now. I'm in PSLF so not making these payments but getting credit is pretty swell so I was hoping it extended at least through the year. [link] [comments]  |
| Month payment impact of dependent Posted: 01 Aug 2020 09:09 AM PDT Hey, I'm currently on an Income-Based Repayment Plan with Navient, and planning on having a child within the next couple years. I was wondering if anyone knows, all else being equal, what impact having a child will have on my monthly payments. I'm sure others have already gone through this, so even personal experiences would be helpful. I realize there are multiple variables that come into play, but I'm trying to get a general idea on how we can afford to have a child if I'm paying so much per month on student loans, or if that amount will drop enough to help support a child. [link] [comments]  |
| Student loan forbearance question Posted: 01 Aug 2020 04:12 PM PDT I currently have a forbearance on my student loans. I meant to get a deferral so I can pay April-September on the back end of the loan but they made an error. I contacted them but even if that doesn't work, I am lucky enough to be able to pay the amount for the forbearance anyway. The economy (and the country, basically) is currently on fire because the pandemic/economy, and its not gonna recover any time soon. The reason I accepted the forbearance and didn't pay April-September isn't because I couldnt pay, but because I made the calculation that student loans MIGHT be forgiven based on how bad the country is doing. Was it a worthwhile gambit to hold off and hope some amount or all student loans might be forgiven? Or is that just wishful thinking? We already are about to have an eviction/foreclosure crisis on our hands and it would only be exacerbated once student loan forbearances expire at the end of September. [link] [comments]  |
| Applying for a student loan with short credit history Posted: 01 Aug 2020 11:00 PM PDT Hi you guys, first of all I wanna say thank you for the amazing advice and help you all deliver. My current situation is that I need about 16k in private student loans for my senior year (a year from now). I just got accepted for a discover it student credit card and my family and I are planning to come at it strong so I can build up a good score as soon as possible. Next year no one can co-sign for me, so I was wondering if this short of credit history would get me denied from most places. I have a part time job right now which I plan on keeping until I graduate. if I need to cut down the amount im asking for to qualify, I could be able to work extra shifts if I need to. The loan companies im looking at are citizens bank, ascent, so-fi, and I also heard reaching out to local credit unions may be a better option as well. If anyone has advice on what to do it would be greatly appreciated! [link] [comments]  |
| Disclosure Statement From School I Disenrolled From, HELP Posted: 01 Aug 2020 10:03 PM PDT TLDR: Got a disclosure statement from first school and not the second one, Idk what to do now bc I need my money in by August 4. So I was all set to go to college but had doubts due to Covid. My parents convinced me to go but then, about two weeks ago told me they changed their minds. We decided I would go to the local community college for at least this semester and that I would disenroll after I had everything figured out with the CC. Well, I texted my Advisor on Tuesday and they called me on Wednesday, I made it very clear that I did not think attending was smart and they said they would handle everything. Today I woke up to an email from the DoE about viewing my Disclosure Statement, I was really happy bc that meant the community college had my money and I no longer had to stress anything. Turns out that my original college is on the Disclosure Statement and I have no idea what to do. My dad says it's no big deal and to wait until monday, my mom is pissed, and I'm a ball of nerves because the money for the CC is due on the fourth. [link] [comments]  |
| Posted: 01 Aug 2020 04:32 PM PDT Hi! I feel like I have posted on here 900 times but I am truly clueless with all of this. I need some help interpreting what my financial aid situation looks like if anybody is willing to help. I realize this is a large ask, so any help would be greatly appreciated. So my tuition is roughly $6,000 a semester. After I filled out the FAFSA, my financial aid document says "You have been offered financial aid in the amount of $24,994.00". Is this amount for the semester or the entire year? Is this financial aid that would have to be paid back? The next page under "Awards", it gives me options that appear to be loans but it's in the amount of the "financial aid" they've offering. Does this mean my only options are loans, or they're also giving me need-based aid? It says my options are Federal Direct Grad Plus- $2247 each semester, and Fed Direct Unsub Loan- $20,500. Again, I am truly clueless with this and google searches have only gotten me so far. Any help would be sososo appreciated! [link] [comments]  |
| Posted: 01 Aug 2020 02:07 PM PDT Hi everyone I was hoping to get some input on a student loan refinance as rates are lower. I have a student loan i refinanced ~2 years ago at 5.71% fixed. I've accrued ~4k of interest on this loan. I checked for refinance offers and I was offered 4.6% fixed by both splash financial and laurel road. I was wondering if the capitalization cost ~54k accruing at 4.6% is worth the lower interest rate for a 10 year repayment period? Or would it only be helpful for longer repayment periods? [link] [comments]  |
| Posted: 01 Aug 2020 02:34 PM PDT I paid off my opening balance (principal balance) in full in the last week of July. Because of Covid-19, there are no interest fee being added since it's Grace period. I checked my statement and balance today; and I have closing balance to pay. What exactly is closing balance??? [link] [comments]  |
| Grad direct / PLUS: Best to apply savings to principal or pay off interest while in school? Posted: 01 Aug 2020 05:50 PM PDT So I'm about to take out loans for law school. I have some personal savings that will help ameliorate the costs. The question is, what is the best way to use them? Specifically, I calculated three methods of using these funds: (1) All upfront--reducing the principle and then letting the interest accrue for the next two years until I start earning money to pay down the loans; (2) paying off the interest payments during school, and using the balance of my savings against the remaining principle upon graduation; and (3) paying off the interest payments during school, and using the balance to reduce the initial principle. I calculated that I would graduate with the least debt in order of options 3 - 2 -1. Now, I didn't go to law school because I'm gifted at math. And these results are somewhat unintuitive. I guess I'm wondering if my results conceptually makes sense to people. [link] [comments]  |
| Posted: 01 Aug 2020 11:14 AM PDT I was wondering is there a chance for me to get a loan without a co signer as I am an international student pursuing studies in the states. I could not get a loan and I am wondering if there is someone I can get as a co signer or even provide me a loan so that I can pursue my Graduate Degree. Just trying my luck. [link] [comments]  |
| Best private loan to pay off debt to an old school ? Posted: 01 Aug 2020 04:51 PM PDT hello, im transferring to a new school with a full ride thankfully but i have debt to my old school that is obviously making it so i cant get my transcript - i don't have the money to just pay them off and it was the reason i had to leave in the first place i unfortunately just went to a school that was outside of my budget even with the amount of scholarships that i received. I know that is advised against but i need to pull a private loan to pay off the old debt (around 3k) so that im able to transfer and get on with my life - any advice would be heavily appreciated thanks you guys! [link] [comments]  |
| Need advice for wife's student loan Posted: 01 Aug 2020 09:16 AM PDT Wife's tuition is split roughly in half between federal and private loan (College Ave). Here are the terms of the private loan with a fixed interest rate - it seems way too high to me, resulting in paying back almost as much as was borrowed. I need some advice for what to do. Is this a normal rate or is it too high? Should we try to get a loan somewhere else? We have good credit scores and I can co-sign for her. I also have an account at a credit union with perfect payment history. [link] [comments]  |
| Posted: 01 Aug 2020 03:45 PM PDT I cannot log into my FAFSA account and it's saying I made one. Last time I made/logged into it was 2016. Is it too late for me or am I okay since I hadn't begun a single college semester not seen a single about of that money. There's an automated machine but it's no help. The phone number in which I made it is old (not remember), the email doesn't let me since I didn't verify it 4 years ago, and the social security/questions don't work for whatever reason they may be. There are only 3 options but none are working out for me. [link] [comments]  |
| How to apply for federal student loans? Posted: 01 Aug 2020 08:06 AM PDT I completed the FAFSA and filed as independent (I'm 24 and recently started living on my own). I received a grant of $1.5k. Previously I have only gotten Parent PLUS loans. It's my senior year and I really don't know where to start. Im in an ROTC program (without a scholarship), and I'm working with the US Army Reserves to get tuition assistance. Any help is appreciated. [link] [comments]  |
| Posted: 01 Aug 2020 12:48 PM PDT For 1: Please check if you technically work for a non-profit. I use to work for a large private hospital which was technically a "non-profit" and none of my co-workers realized every month working there could count towards PSLF. After 10 yrs, your federal loans are forgiven. They don't have to be consecutive months, and you don't have to work for the same non-profit/govt agency. For 2: Normally any period of forbearance or deferment doesn't count towards your PSLF month count, because you're not making payments. Due to COVID, forbearance has been placed on federal student loans. Normally these months wouldn't count towards PSLF. I just got an email notifying me that these months count if you're still working full time at a non-profit. There's a form you have to fill and submit to certify these COVID forbearance months. [link] [comments]  |
| Posted: 01 Aug 2020 12:48 PM PDT For 1: Please check if you technically work for a non-profit. I use to work for a large private hospital which was technically a "non-profit" and none of my co-workers realized every month working there could count towards PSLF. After 10 yrs, your federal loans are forgiven. They don't have to be consecutive months, and you don't have to work for the same non-profit/govt agency. For 2: Normally any period of forbearance or deferment doesn't count towards your PSLF month count, because you're not making payments. Due to COVID, forbearance has been placed on federal student loans. Normally these months wouldn't count towards PSLF. I just got an email notifying me that these months count if you're still working full time at a non-profit. There's a form you have to fill and submit to certify these COVID forbearance months. [link] [comments]  |
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