I did it. I finally did it. My loans are now 100% paid off! Student Loans |
- I did it. I finally did it. My loans are now 100% paid off!
- Vent: Feel crippling anxiety over loans
- HELP: Getting missed payments removed from credit report
- 2020 graduate, unemployed due to covid, receiving unemployment. Which repayment options? (Great Lakes, federal loans)
- Mohela reporting to credit bureaus?
- Has anyone used “Funding U” to pay for school?
- Grad Plus Loan
- Newbie with NO clue about student loans. Help?
- Teacher Loan Forgiveness
- Dumb question
- Need Help Deciding Student Loans
- Repayment advice
- Is it safe to make Parent Plus loan payments (in my mom's name) while having Income driven repayment for future PSLF?
- Asking the unemployed: What will you do if the student loan relief isn’t extended?
- I just found out my school doesn’t do student loans
- Co-signer loans
- What are the chances Discover will accept my cosigner?
- In Need Of Advice Before School Starts In Three Weeks
- Pay towards federal loans during forbearance OR private loans
- Should I accept subsidized loans just in case?
- Calculator Question
- Consolidate, refinance, PAYE or IBR?
- Student loan refinance during required, unpaid practicum?
- Tuition Reimbursement
| I did it. I finally did it. My loans are now 100% paid off! Posted: 03 Aug 2020 01:50 PM PDT I'm kind of in shock right now. I graduated in 2012 with around $21K in loans and have steadily been making payments since 2013. I still had a little bit of a balance on my account but I wanted to take advantage of the 0% interest due to the forebearance. If I kept making the same monthly payment amount, it would have taken another 2 years and I decided I just wanted it gone for good. I know people have paid off bigger balances in shorter amounts of time but I just feel so happy now. My loan has been like a gremlin on my back since graduating. I finally feel like I can enjoy my life now (well sort of, because ya know, covid) Goodbye FedLoan! [link] [comments]  |
| Vent: Feel crippling anxiety over loans Posted: 03 Aug 2020 11:06 PM PDT I am completing my master's degree. I have to admit, through all those two years, I did not manage my money and let other stressors distract me. When it came to loans, I was stupid and just asked for the most I could get, never thought to see my spending or what I was oweing. I regret my foolishness so much I am realizing I owe about $36K in the loans. I am so uneducated in this, I am not sure if this relatively a little or a lot, but it feels like so much to me and I have no idea how I will pay this. I am not sure what I will do after this program and if this was worth the debt. I am in over my head and just starting to make me feel depressed... I know its no use crying over spilled milk but knowing I will be in debt makes me feel such dread. Hoping an experienced person can offer some light. [link] [comments]  |
| HELP: Getting missed payments removed from credit report Posted: 03 Aug 2020 10:17 PM PDT Hi student loan friends, Long story short, I have 80K in student loan debt with 8-9% interest rates through Sallie Mae. It's not great. I can't refinance (have been rejected numerous times) because my credit is so low. Guess why? Because I couldn't pay my exorbitant student loan payments a few years back. VICIOUS CYCLE AM I RIGHT!!! I almost defaulted on my student loans 3 years ago and hadn't payed for about 8 months. Well I got back on track in early 2018 and haven't missed a payment since. Credit karma recently notified me that I've made something like 28 straight payments. (This is of $1300 per month, mind you. Yikes). Since Sallie Mae and Navient CONTINUE to report my delinquent payments from years back, my credit only improves incrementally. It's a huge mark on my report and prevents me from refinancing, even with a co-signer. GUYS: Does anyone know how I can work with them to stop reporting these old missed payments?? It's been years now and I'm in much better standing. Thanks!!!!!!!! [link] [comments]  |
| Posted: 03 Aug 2020 07:45 PM PDT Hi, I'm asking this on behalf of my partner whom I'm helping with this. She "graduated" Spring 2020 and we're finally getting around to setting up an account and repayment plan. Some background: She was furloughed from a part time job due to the coronavirus even before graduation and continues to be so. She has thankfully been able to collect unemployment benefits and was approved for the PEUC extension. We're able to get by on my income and her UI benefits have given us a nice cushion so she's yet to look for a full-time job in her studied field due to safety concerns (good job America). She has all federal loans, and they're setup to be repaid through Great Lakes. Given that she's unemployed, does income based repayment plan make sense for now? Great Lakes asks about all taxable income, which UI benefits are, so do we say that's her monthly income? But that doesn't quite make sense because that's not a steady income. It's also subject to fluctuations right now due to Congress. Any help/insight on how to setup repayment during these weird times will be greatly appreciated. PS - Yes, we're aware federal student loan payments are on pause until September 30th. [link] [comments]  |
| Mohela reporting to credit bureaus? Posted: 04 Aug 2020 01:42 AM PDT I finally paid off my student loan last month with Mohela and they reported it was paid on time, but not a balance difference. I have the receipt from them stating it has been paid in full and what not. What is my next step? Do I just wait a bit and see what happens? [link] [comments]  |
| Has anyone used “Funding U” to pay for school? Posted: 03 Aug 2020 06:03 AM PDT Was scrolling on Facebook and saw an ad about a student loan service called "Funding U" that provides loans to students without a co-signer. Wanted to know how legit it is since I've never heard of it before. [link] [comments]  |
| Posted: 03 Aug 2020 07:38 PM PDT Hello, I am an MS student in engineering who recently was approved for a grad plus loan through the government. However, I realized I designated the funding for Fall 2020/Spring 2021. However, the way the payment schedule for my school works is you pay for the entire program in semester 1. Therefore, I need the disbursement switched to just Fall 2020 as one lump sum. Do I contact my university about this or the federal government. I am really confused and stressed and can't seem to find much online. Thank you in advance! [link] [comments]  |
| Newbie with NO clue about student loans. Help? Posted: 03 Aug 2020 11:10 PM PDT Hello! (18F) I was unable to get a financial aid package with my college and now I cannot get loans through them. I was told private loans are wack but I have no option left. I need $8300 for my first semester and I don't really know where to go. I set up a payment plan so it's spread out but where should I go to get my loans? I've of course heard about Sallie Mae but I also heard it's terrible? What do I do? [link] [comments]  |
| Posted: 03 Aug 2020 03:25 PM PDT CELEBRATING! I completed my 5 years of teaching in a high needs school in May. I applied for my forgiveness and got denied. I worked for 2 schools during my 5 years. 2nd application was approved. (Not pslf 120 payments) What I learned: 1. Call and talk to your loan company with any and all question. (For real, if someone isn't helpful, call back the next day to verify) 2. You need a page 1 for all school buildings you worked at. (Even if they are in the same district) 3. If you are denied, you will get a letter explaining why. (Letter comes in the mail, not always to your online mailbox through your loan company) 4. For me, my denied letter was completed in 4 days with notice to me. My accepting letter took 16 days and I had to contact to find out if I was approved. 5. It can take 60 days for the money to be taken out. 6. My loan company wasn't sure if I'd receive a letter in the mail verifying that my application was approved. After 30 days I can request a paper copy. (State of Illinois has a teacher loan forgiveness grant also, but must complete federal first and submit federal paperwork) (Illinois has an additional $5,000 that can be forgiven) Overall, I was approved and had an easy time filling out the form. I read ALOT before applying. Nothing stated I needed a page 1 for all buildings and the first person I spoke to through my company didn't know this either. Once I was informed I needed two first pages, it was smooth sailing! Good luck to anyone applying and don't give up!! [link] [comments]  |
| Posted: 03 Aug 2020 06:42 PM PDT I'm currently finishing my degree, a month away from graduating. I have $35,000 in federal student loans. I have about $28,000 in savings. Haven't been paying anything on my loans yet since I'm still in school. Once I graduate I will be making about $80-90,000 a year. This might be a dumb question but.. should I put away a large sum of my savings towards the loans once I graduate? Or just make monthly payments and continue to save money so I can put down payment on house. [link] [comments]  |
| Need Help Deciding Student Loans Posted: 03 Aug 2020 03:07 PM PDT Hello, I am a rising college Freshmen, and I believe I will be accumulating about 10~ish k student loan debt per semester (depending on how some scholarships go), and I need help deciding which private company I should borrow from. I already borrowed my maximum $5500 (per year) from federal subsidized/unsubsidized loans, and I am wondering if there are any other federal loan opportunities I could take advantage of? I don't think there are many more, so what private student loan company should I borrow from? From my limited research, I found that I should apply for companies with a low APR, but, the way companies are set up, it's hard for me to actually compare the benefits of each company since they all seem like the same. My dad recommends me to take Discover, because they offer a one-time cash benefit; however, I don't think that cash benefit is significant at all. I'm really confused by this whole process, and I understand that the companies want to be confused, so the companies can take advantage of me, so I really want help with this situation. Thank you so much for your time and help! [link] [comments]  |
| Posted: 03 Aug 2020 05:02 PM PDT If this is redundant please link the other post in a comment. I looked but couldnt find anything, perhaps my search parameters were inadequate. My federal student loan is comprised of several smaller loans, is it possible to pay off a singular loan within that loan group? I have several under 2k that I could potentially pay off individually in a singular payment but I cant get that option online when trying to make a payment. [link] [comments]  |
| Posted: 03 Aug 2020 09:03 AM PDT My counselor warned me that my eligibility for PSLF (currently on REPAYE) may be jeopardized if I also make payments on my "mom's" parent plus loans that she took out for me. AKA fed gov: "why did you sign up for IDR when you clearly have money to pay for other loans?" Any thoughts would be GREATLY appreciated! I am a first year grad. [link] [comments]  |
| Asking the unemployed: What will you do if the student loan relief isn’t extended? Posted: 03 Aug 2020 08:00 PM PDT I'm curious to hear what others are planning on doing. I'm planning on withdrawing my 401k since I seemingly don't have a "future" anymore. My industry has been decimated thanks to COVID. There are hundreds of thousands of candidates in my field all fighting for the few scraps that remain. [link] [comments]  |
| I just found out my school doesn’t do student loans Posted: 03 Aug 2020 06:59 PM PDT What do I do? I've tried discover but they don't recognize my school? It's a community college and I have the Tn reconnect scholarship but it doesn't cover housing or books, and with Covid I've been out of a job for weeks now. Any help appreciated! [link] [comments]  |
| Posted: 03 Aug 2020 06:25 PM PDT Hi! I'm transferring to a more expensive school and will be taking out loans. I got a huge grant from my school which helped tremendously and I accepted the FAFSA subsidized loan. My parents have amazing credit (750+) and are going to co-sign. I wanted to know the best loans to get and where from. So far I looked at CollegeAve and figured the fixed interest would be around 4%. This is a whole new process for me so any help would be appreciated! [link] [comments]  |
| What are the chances Discover will accept my cosigner? Posted: 03 Aug 2020 06:12 PM PDT I applied for a Discover Undergraduate Loan because the Parent PLUS loan got denied due to my mother's credit. My mom currently has no credit (her score is in the mid 600s with no history, just debt collection) and we just applied for one of their secured credit cards? What are the odds Discover will accept my mother as a cosigner? My last resort is my uncle as a cosigner. [link] [comments]  |
| In Need Of Advice Before School Starts In Three Weeks Posted: 03 Aug 2020 10:35 AM PDT Unfortunately, I was super late in verifying my FAFSA. My classes need to be payed by August 17th and my counselor has informed me that my papers might not be approved before that date. I know I might get some financial aid, but in the case that it doesn't process in time, I will have to take out a private loan. I have never taken out one before, and this will be my first year of college, so no outstanding debt for me yet. My main concern is having to pay it. I don't have any sort of income and i'm not in a good place to do so right now. Does anyone have any recommendations for loans I can take out that don't need to be payed until I am out of school? Any help would be appreciated. [link] [comments]  |
| Pay towards federal loans during forbearance OR private loans Posted: 03 Aug 2020 05:22 PM PDT I just recently started full-time work and will finally be able to start paying towards my debt. Federal loans 30k , private loans 40k. Currently living at home so hoping to put 2k a month towards these loans. Payments are not actually due for me until November 1st. I am going to refinance my private loans from (~9%) and refinance to about (~3.5%). I have not yet refinanced because I know when I do then I will HAVE to make payments on those loans. Although they are still accruing interest daily. My question is, should I make these payments towards my federal loans right now while interest is 0% (hoping this gets extended) OR make payments towards my private loans before I refinance and are required to start making payments. Or something I am just not thinking of... Thank you for any help! [link] [comments]  |
| Should I accept subsidized loans just in case? Posted: 03 Aug 2020 01:07 PM PDT I will be staying at home for my first quarter of college as everything's online, but I'm not sure if things will continue to stay online for the next 2 quarters of this year. And as I changed my housing status from on campus to with parents my financial aid dropped a lot. I still won't have to take out any loans (if this whole year is online) but now I'm scared that I won't have enough to rent a place if winter and/or spring changes to on campus for my classes. That being said I have yet to accept subsidized loans that the school has offered and was wondering if I should accept them as 'just in case funds' if I have to find an apartment. And if I do accept those loans but end up not using them how do I pay it back ? Thank you!! [link] [comments]  |
| Posted: 03 Aug 2020 04:24 PM PDT Does anyone know of a reliable/reasonably accurate calculator for RePaye/IBR? With my loans in COVID forbearance I'll have to begin making payments when that ends, but I'm also due to recertifications my income in October and I know my payments will change and need to budget for that! [link] [comments]  |
| Consolidate, refinance, PAYE or IBR? Posted: 03 Aug 2020 12:38 PM PDT Hello all, I recently graduated college in May and unfortunately have a hefty amount of loans out. I have 7 in total equalling out to be about $92,000. I used Sallie Mae so it is a private loan and the interest rates on all of them vary from 9-12%. I am at such a loss as to what to do and am looking for some advice/guidance. My estimated monthly payment in total would be about $1200 starting January 7th, 2021 and that is simply not doable for me. I am currently pregnant and actually due in January and am moving out of state for a more affordable housing market but I will have to take on buying a car and the payments that come along with that as well. I will not be working for about a year or so because I am, of course, pregnant and so at the end of the day, I will not be able to survive with the hefty monthly amount of students loan payments, caring for a baby, paying monthly for a car, all while not working. My fiance is of course working and will have to be the sole money maker for a while since I have to stay home with the baby but I cannot expect him to pay for the house, my loans, the cars, and the baby So I am wondering what my best option for some relief would be: Consolidating, refinancing, Pay as your earn repayment plan, or income-based repayment plan if these are applicable with private loans? Also, if anyone has any experience doing any of these which company did you use? Thank you so much in advance for any advice! [link] [comments]  |
| Student loan refinance during required, unpaid practicum? Posted: 03 Aug 2020 03:45 PM PDT My girlfriend graduated with her medical lab science degree in December of 2019. She is now in the position of having to start payments on her loans but she also starts a required, 9 month, unpaid clinical practicum next month. I was trying to help her refinance her one private loan that way it would buy her some time before payments are due, but due to no income, got denied by sofi. Anyone have experience with similar situations? I know many students in the medical field must run into this. Thanks. [link] [comments]  |
| Posted: 03 Aug 2020 03:00 PM PDT Hi! Does anyone know if tuition reimbursement applies to people who are graduating high school(18), given that you have been working there long enough? For example, at Chipotle it says they do up to 100%. So I'm not sure if that applies to me or older people (graduated high school a long time ago). Also, does the money they give me only work in the US universities or can I use it to go to school in another country? Thanks! [link] [comments]  |
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