Navient told me i needs a subpoena if i wanted my loan statement history! Student Loans |
- Navient told me i needs a subpoena if i wanted my loan statement history!
- How have you celebrated paying off student loans?
- Hello everyone
- Should I pay off student loan in full if I can?
- Need a loan for one class
- Received mail about consolidating my federal loans and them still staying federal. What is this? I have never heard of this and it sounds sketchy. Can someone explain more?
- Paying off $160k in student loans advice
- CARES act and Sept. 30th
- Paid off Sallie Mae 8 years ago, still get emails
- Just graduated, need advice on how to/whether I should balance saving and paying loans & how to effectively pay off the loans I do have...
- Am I doing this right?
- My parents won’t co-sign and I don’t know what to do.
- Does anyone have an Excel calculator for student loan tax bombs to test my rough calculations?
- Student Loans question
- What happens to CARES Act funds if I've withdrawn?
- Can’t pay tuition
- Navient redirecting to NaviRefi, Can't Log In
- I don't need the loan I was offered, but I missed the deadline to say no.
- Parent Plus Loan Forgiveness
- Am I going to be stuck with private loans?
- Is Navient Purposefully Not Updating Their Site?
- Refinancing out of Sallie Mae
- Hit by the "Tax Bomb" looking for advice
| Navient told me i needs a subpoena if i wanted my loan statement history! Posted: 26 Aug 2020 09:34 AM PDT i have had issues with Sallie Mae & Navient for years. I took loans out in 2004 (during the subprime mortgage crisis and than recession) to 2007. I am currently $111,000 in PRIVATE loan debt with them. 2 of the 4 loans are co-signed by my 86 year old grandfather. I am planning on filing bankruptcy and having my loans that are not co-signed discharged (yes i know it's hard). Since I have had issues with them and they have been sued by many states for fradulant tactics ( https://www.consumerfinance.gov/about-us/newsroom/cfpb-sues-nations-largest-student-loan-company-navient-failing-borrowers-every-stage-repayment/ ) and recently by attorney general of PA (i live in PA)- https://advisornews.com/oarticle/pa-attorney-general-josh-shapiro-scores-interim-win-in-student-loan-lawsuit-against-navient#.X0aIachKg2x I've been going through my records, last month i asked them multiple times for copies of my promisory notes and to explain why in 2017 i had made on time consecutive auto withdrawl payments for over a year and was still charged late fees. one at least 2 occassions these late fees occured on the same day a payment was made! They couldn't answer my questions so finally they emailed me 164 pages of documents from 2017 they even included a document stating that these records were correct they weren't wrong. Well I had downloaded and printed my transaction history from the website and i also had a copy of this history from 2017. Well.....the numbers were different on both copies!!! Payments on both papers were allocated differently! (ex. $100 payment- $50 To interest & $50 on principal on one paper. on the other $100 went all to interest) there are even missed payments on the copy they sent me, which i could prove they are wrong because I have bank statements for those payments! I decided to make an excel spreadsheet to figure out the VARIABLE interest and see which document if any was correct. I am coming close to some of their numbers but not close enough because I do not know what my interest rates are for most of my loan history. Since the rate is based off of the prime index rate I had to google those rates for every month from 2004 to today and input the interest rates i do have documentation for. So yesterday i called them again asking where my documents are and why they couldn't just email them to me like they did the 2017 records and explain why there documents are different from the website, the supervisior got frustrated and refused to help answer my questions after telling me he will makes sure the documents were sent to me (i've had 3 people this month say it was sent to me and would be mailed to me by aug 18th) he told me I would need a subpoena!!!! I couldn't believe it. They told me that any records before navient bought them would be difficult to obtain which is ludicris! basically saying nothing they can do about those mistakes. I can't afford a lawyer or an accountant to help me with any of this. Is it even legal for them to with hold my documents or make an effort to correct their mistakes? I would love to sue them and get rid of this burden especially since i was once told by one of their representatives that people like me with my amount of debt don't deserve to have a life! Any help or advice would be appriciated. Here is a picture of the discrepencies i am talking about. the yellow copy is the one they emailed me at the beginning of the month and the white one is the one i printed from the website on July 28th, 2020. [link] [comments]  |
| How have you celebrated paying off student loans? Posted: 26 Aug 2020 08:17 PM PDT I'm about to pay my last student loan on Friday. Just curious to see how people have celebrated. [link] [comments]  |
| Posted: 27 Aug 2020 02:04 AM PDT i'm from turkey i want to do a master's degree in canada but i'm on a low budget,can i get loan money in canada or what else can i do ? [link] [comments]  |
| Should I pay off student loan in full if I can? Posted: 26 Aug 2020 03:17 PM PDT I graduated undergrad back in May. I only have $3.5k in student loans, and I have more than enough saved to just make a one time payment. Should I just pay it off in December in full, or is it better to pay it off every month? [link] [comments]  |
| Posted: 26 Aug 2020 10:45 PM PDT Hello I am currently enrolled full time as a sophomore, almost a junior. I took Calculus 1 at another institution but am not able to transfer the credit anymore. Is it even possible to get a decent loan with no co-sign, no credit, and no current income? I have all my other classes and housing paid, I just need to be able to take this one class to graduate on time. It would cost around $1500. My parents income is likely too high to get any federal loans. [link] [comments]  |
| Posted: 26 Aug 2020 09:41 PM PDT Basically what the post says. I am on IBR and paying an extra $1000/mo to my highest interest loans. Is this consolidation for federal loans with lower interest even a real thing ? Heard nothing from nelnet (my server) but got mail from the Dept of Education. Explain this to me. [link] [comments]  |
| Paying off $160k in student loans advice Posted: 26 Aug 2020 08:20 PM PDT So I need advice on how I should go about paying off my student loans About me: I'm an engineer for a CPG company in Chicago. I'm 1.5 years into my career so salary and my rent situation (roommates) is pretty standard. I currently do the 401k match with my company which is 5% match and I'm vested from day one. I've consolidated my student loans with a fixed interest rate of 6%. I've looked into refinancing them again but I cannot because my credit score is not the best right now which is a bummer. My question is this: If you were in my position, how would you go about being able to live your life and have fun but also be persistent on the student loans? Here's a high level of my finances: Gross Income: $66,000 Student loan payment: $1300/month Rent: $1100/month Thx!!!! [link] [comments]  |
| Posted: 26 Aug 2020 07:57 PM PDT I was talking to my student loan company and they say there is something in the CARES act that allows me to fill out an application by Sept. 30th and get my student loan payments lowered forever. In searching online I only see that payments are suspended until then (and may have been extended until Dec. 31), but nothing about an application deadline of Sept. 30th. I am currently on Income based repayment with over 6% APR with both subsidized and unsubsidized so I am thinking I could at least consolidate for lower rate. Problem is I want a lower payment. Any advice or other knowledge about CARES act/Sept. 30th? [link] [comments]  |
| Paid off Sallie Mae 8 years ago, still get emails Posted: 26 Aug 2020 10:05 AM PDT I had a loan serviced by Sallie Mae that I paid off 8 years ago. I have my Paid in Full Letter saved. I have checked my credit report and NSLDS and there are no loans held by Sallie Mae. Despite this, I still get emails from Sallie Mae. A lot of the subject lines are "Get help paying for college" and "Student Loan Information Inside." In case it's relevant, I had 2 other loans that started with Sallie Mae were sold to Dept. of Ed and serviced by Nelnet. Are these just marketing emails? Do they just send these out to anyone they have an email address for? [link] [comments]  |
| Posted: 26 Aug 2020 07:18 PM PDT I recently graduated in May, and blessed to have left university with a full-time job lined up which I have now started. I am just really anxious and stressed out about how to tackle my student loans and save a bit of money at the same time to build a foundation for my future. I read the flow-chart from the wiki, but I would really appreciate and value to hear the perspectives or advice of others.
Now for the kicker, I have roughly $85,000 in student loan debt.
My plan was to put $10k-$12k of my own money from checkings towards the parent loan, and the $5,000 signing bonus towards my student loans. Then I was going to use $2,000 - $2,500 per month towards paying off either one of the loans. I just don't know how to allocate my payments towards the two loans, since one is directly in my name and can affect my credit. However, the one in my father's name is a greater principal and racks in way more interest. However, I also wanted to try and put $500 a month away towards my 2020 Roth IRA contribution. Then save the rest in my checking account. Thus my main questions are:
Thank you in advance for your inputs. LOAN DETAILS Student Loans: Group A: $3,500 @ 3.76% Group B: $2,245 @ 3.76% Group C: $4,500 @ 4.45% Group D: $2,210 @ 4.45% Group E: $5,500 @ 5.05% Group F: $2,136 @ 5.05% Group G: $5,500 @ 4.53% Group H: $2,030 @ 4.53% Parent Loans: Group A: $11,542 @ 6.31% Group B: $1,248 @ 6.31% Group C: $10,879 @ 7% Group D: $14,694 @ 7.6% Group E: $18,664 @ 7.08% [link] [comments]  |
| Posted: 26 Aug 2020 09:13 AM PDT My Perkins Loan from 27 years ago is in default as I never made a payment and is in collections with FH Cann. I'm able to pay it off in full (apparenlty there's no negotiating it down as the new amount is triple the principle) but wanted to verify the following: If I do pay in full, am I out of default and everything is clear. I wanted to apply for a mortgage next year and wanted to be sure. The representative says yes, but I just wanted to be sure as I was told that I would just get a letter saying paid in full. Are there any steps I need to take to make sure that I'm in the clear after repayment. Thanks for any advice. [link] [comments]  |
| My parents won’t co-sign and I don’t know what to do. Posted: 26 Aug 2020 12:29 PM PDT I need student loans ASAP like within the week so I can buy my text books. I thought I had more time but sadly no. My parents won't cosign and I don't really know what to do. All my friends are getting their college paid for by their parents and the financial aid lady said that I'm basically SOL. If I can't get loans then I have to drop out. What do I do? [link] [comments]  |
| Does anyone have an Excel calculator for student loan tax bombs to test my rough calculations? Posted: 26 Aug 2020 02:26 PM PDT I'm worried that if I scrape together every penny and pay as much as I can each month in my federal loans, that I will still be left with a tax bomb at the end of my 20 year Income Based Repayment plan. My numbers are approximately $200k in loans balance. Prior to COVID-19, the interest alone was about $930 per month. My Income based payment was about $405. My rough calculations put my loan balance at ~$320k after 20 more years (I'm already about 5 yrs into the 25) I estimate my tax bracket will be 35% or $112,000 in tax owed on the ending balance forgiven. If this is all true then I would be better to pay the minimum and put invest $230 per month for 20 years to cover the tax bomb than trying to pay them down. Are my assumptions or estimates off? Is there a calculator that would be more precise? Any help or encouragement would be appreciated. [link] [comments]  |
| Posted: 26 Aug 2020 05:45 PM PDT Hey all. I am about to earn my associate's degree at a community college. Up until now, I've gotten 100% assistance w/ FASFA. I am projected to graduate with anywhere from a 3.75-3.81 by the end of this upcoming semester. I plan on transferring out of state to a University. I have "bad credit" because I had a health emergency (that I dealt with) with no insurance about 2-3 years ago. I am 29 years old and recently lost my part-time job because of COVID-19. (I get help from my mom but she makes no money less than 30k a year) Questions:
Anyways - If anyone decides to help, thanks so much. [link] [comments]  |
| What happens to CARES Act funds if I've withdrawn? Posted: 26 Aug 2020 05:02 PM PDT I was awarded $1000 under the CARES Act and have just withdrawn from my school because Covid is making things extremely chaotic. Does anyone know if I'll be asked to repay the $1000, or is it still mine to keep? Thanks in advance! [link] [comments]  |
| Posted: 26 Aug 2020 12:12 PM PDT TLDR: I had to withdraw from my program but according to the school's policy I still have to pay 20% of my tuition and fees. I am unsure if there are consequences to not paying off the balance remaining in my fees. So officially my graduate level classes would've started on Monday August 24. I was accepted and I got a (very) small scholarship for this semester. But even with that scholarship my tuition and fees would be about $14,000 for this semester. The loans offered to me were about $10,000 direct unsub for the semester and then I would have to get private loans for the remainder of the costs. I did not accept any loans as I was still reviewing my options. I decided that right now I cannot afford to attend school, especially since it would be all online and from a distance so on Monday (first day of classes) I submitted a request to drop all my classes and then withdrew from the university. I did this after speaking with various people from a ton of departments. One person told that since it was still before add/drop ends I would incur no fees. Another said that I would still have to pay something. This is the policy for the school I would have been attending.. That policy essentially says that if I withdraw during the first 5 days of class I get an 80% refund. I haven't made any payments thus far so that would mean I'm responsible for paying 20% of the original $16,500 tuition ($1100 per credit hour, 15 hours) plus $150 fees or $3330 since all financial aid is revoked when you withdraw. Here is where my question lies. Since I requested to drop my classes before withdrawing it would reduce my tuition cost by $1100 per credit hour dropped. My financial portal shows that they took off $8,800 and $5,500 (which is only 13 of the 15 hours I was signed up for) from my tuition costs on Monday and charged me back for my $1,980 scholarship on Tuesday. My balance now shows $2,310. Do I have to pay $2,310? Or will I be responsible for 20% of that? What happens if I don't make any payment (as one of the advisors I spoke with said I could do. Essentially if no payment is made by September 10 I would've been dropped from the program anyway)? Would it affect my credit or my ability to reapply later after I'm in a better financial position? [link] [comments]  |
| Navient redirecting to NaviRefi, Can't Log In Posted: 26 Aug 2020 12:03 PM PDT I have FFEL loans and a private loan that are serviced by Navient currently. Today I tried to go look at something and the navient website is automatically redirecting to navirefi. I can log in to the navient app on my phone, but my username and password for my navient account aren't working on the navirefi page and I'm not finding anyway to get back to navient proper. Is anyone else having this issue? What's going on with navient? [link] [comments]  |
| I don't need the loan I was offered, but I missed the deadline to say no. Posted: 26 Aug 2020 11:51 AM PDT Hello! I'm going into my last year of undergrad, and I need some financial advice. I'm a first generation student so I'm not sure what to do here. I was offered about a $7k loan this year, but I don't need it. (I was hit by a car awhile ago and got a bit of insurance money from it, so I have ~$6k extra lol) I was going to just turn down the loan, but I was dumb and missed the deadline. It will make my total undergrad loan amount ~$18k. Is it dumb to just pay the loan back? Should I pay back another loan with a higher interest rate? Or should I save the money and use it towards grad school? [link] [comments]  |
| Posted: 26 Aug 2020 10:45 AM PDT Hello r/StudentLoans I have a question about Parent Plus loan student loan forgiveness. I currently owe about 60k in parent plus loans (under my parents names of course) which I will be making most of the monthly payments on. My dad has a very good income and my mom works at a church which to my understanding would qualify as a 501(3)(c). Assuming my moms job is a 5013c would I be able to make the loan a direct consolidation loan and then do the income based repayment on just my moms income (which isn't a lot), or would the income based repayment be on my parents total salary?? Thanks for any and all help! TLDR: can I lower my monthly payment on the Parent Plus loan under my moms income and then have it forgiven in 10 years? or am I better off just paying the monthly payment because they will combine my parents income? [link] [comments]  |
| Am I going to be stuck with private loans? Posted: 26 Aug 2020 09:38 AM PDT Hello, as you can guess, I am in a pickle regarding my tuition. I'm about to be a junior in college, and every year since I started my school has given me fewer and fewer awards and loans. My parents have me claimed and all of that, so I receive nothing from FAFSA. I also often receive nothing from scholarships. I have one scholarship that pays about $800 a quarter, and because of that scholarship I also get less aid. My parents cannot (and would not even if they were able) pay my tuition. Yet my school ONLY offers me the Plus parent loan or whatever the heck. That is not happening and that's final. I cannot reciece subsidized loans or anything else because I don't qualify. My parents filled out a Covid-19 reassessment form, but I really doubt that's going to change much. Last year I would have to pay about $300 out of pocket, so it was fine. However, this year I am looking at paying over $2,000 out of pocket a quarter without a loan. I just recently started working a part-time job, and it would take me 2.5 months to make that money and I would be left with little to no money most of the time because I'd need to save it all for tuition. Anyway, what other options do I even have? I know nothing of private loans other than they are horrible, but would that end up being my only option? If that is the case, what should I go with to not absolutely ruin my life? [link] [comments]  |
| Is Navient Purposefully Not Updating Their Site? Posted: 26 Aug 2020 08:34 AM PDT I have been checking Navient frequently to see if they have updated the site to reflect the ED held loan forbearance extension. My loans are all government held and received the forbearance from the CARES Act. So that forbearance should be extended due to the recent Executive Order. However, when I go to my page on Navient, it still says that my payments will resume in 35 days (end of CARES Act). On the front page of the Navient website they say they are working to update their website to reflect the EO change. Why is it taking them so long to update it? Are they trying to delay so people that don't know better try to pay before the end of September? Certainly it shouldn't take that long to update the site, right? [link] [comments]  |
| Posted: 26 Aug 2020 07:51 AM PDT Hi all, I wanted to ask a question because I have no idea where to begin. I have 4 separate loans from my separate years of college. I want to refinance them as well as also not use Sallie Mae anymore. I've felt that they are rather predatory when it comes to collecting and want to find a better one with a lower interest rate as well. [link] [comments]  |
| Hit by the "Tax Bomb" looking for advice Posted: 26 Aug 2020 10:43 AM PDT Hi there! I have found myself in a rather interesting situation. While I knew the Tax Bomb would be inevitable down the line, I am currently 30 years old and recently had a student loan forgiven due to clerical error. It was a loan for roughly 130k and I am ending up with 33k in taxes. I am extremely thankful that this happened and I would surely rather pay the lesser amount, but I am curious if I am considered at fault for this or responsible. This would be in addition to the remaining 50k I owe from another lender. I received a letter in the mail from my lender saying that my loan was "paid in full" which wasn't true at the time or even anywhere close. Then everything stopped, I never heard from them until I received another letter saying that it was a clerical error and that they would be cancelling my loan and taking responsibility for the payment, thus absolving that 130k. Like I said.. to me this is in interesting situation and I'm not sure if there is something that can be done about this because the loan was technically paid. As I'm sure you all know that this is considered taxable income, while I wish I made over 130k on top of my usual yearly salary it just doesn't make sense. I would appreciate any advice or if anyone else has experienced something similar to this? Thanks so much! :) [link] [comments]  |
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