You can pay them off!! Just be diligent! There is hope! Student Loans |
- You can pay them off!! Just be diligent! There is hope!
- Teacher Loan Forgiveness SUCCESS!
- A major SOS on how to move forward lol
- Education Awards
- Any F1 students who were able to get in-state tuition with an EAD card via marriage based AOS?
- Do loans get approved and disbursed prior to school starting?
- What’s going on with Nelnet and Trump’s executive order?
- What to do if your servicer has screwed up your loans?
- Confused EVERY YEAR about IBR plans/payments
- Should I take out a student loan?
- Question about a clause on Great Lakes' Terms & Conditions
- Need advice on student loans.
- Student loans without a co-signer
- Advice On Paying For College
- Question Regarding Refinancing Grad Plus Loans vs Others
- husband graduated in may, none of his loans should even be in default yet
- S/O keeps getting denied cosigner's for student loans
- I’m new to student loans. Going to nursing school. Help?
- Going back to school full time HELP
- First Year of College
- Should I borrow now or in a year?
- Health profession Student Loan: Reached Aggregate Student Loan Limit. How can I go forward?
| You can pay them off!! Just be diligent! There is hope! Posted: 13 Aug 2020 06:59 AM PDT I just paid of the last of my student loans with a $17,000 lump sum. I originally took out ~$80,000 for grad school, which had ballooned to ~$100,000 by the time I started paying it off in February 2014 (6.5 years ago). I was on a 10 year plan, and for the first 2-3 years I paid the minimum, around $1,200/month. Then I got serious and started paying $2,000/month for a few years. I got down to $17,000 and decided to cash in some of my company stock to just finish it all at once. It feels amazing. You can do it too!!! Just keep on it and remember it will end. Good luck!! [link] [comments]  |
| Teacher Loan Forgiveness SUCCESS! Posted: 13 Aug 2020 10:32 AM PDT This is my first post, but I've been a lurker (without an account) on these forums for a while. I finished my 5th year teaching science in June 2020. My undergrad loans were still following me around and I had read extensively about the Teacher Loan Forgiveness Program and discovered this subreddit while looking for information about the actual timeline. I figure now it's my turn to contribute. First, make sure your school qualifies for at least the first year you teach there! Mine qualified for all five of my years. Once I filled out my info, carefully following all directions, I scanned the form over to HR on June 8 and had to wait until June 24 for them to send it back signed. I immediately submitted it to Great Lakes via their website. I received initial approval from GL on July 13 and the form was sent to the Department of Education. I am kind of one-track minded & obsessive, so I logged in at least once a day for a month. On August 11, I logged in at 8pm and had 6 separate payments, dated July 30, totaling $17,500! My loan balance is down to $3,000 with Great Lakes and $3,500 with Nelnet and I plan to pay both off by February of 2021. I was at the same school for all five years so I needed only one signature. If you work at multiple schools, you will need multiple CAO signatures. Your principal's signature will likely NOT be accepted, even though a principal is listed in their forms as an acceptable CAO. Good luck to everyone reading this and wherever you're at in your student loan payoff journey, I'm proud of you! [link] [comments]  |
| A major SOS on how to move forward lol Posted: 13 Aug 2020 08:58 PM PDT Hi friends, long story short I am $111K in student loan debt ($84K in private loans, $26.5K in federal) and I am currently living at home due to making roughly 3K a month after taxes from a seriously intense job. I graduated in 2019 and I pay $1100 on my private loans and nothing on my federal loans due to income-based repayment. To sum it up, I'm in a seriously unhealthy home environment with my parents (I am the only child). I am constantly being told something along the lines of "what would you have if it weren't for me/us?", and my mental health conditions (that are ADHD and GAD, and are diagnosed) are minimized almost daily. I live in a high-rent area and I have no clue how to even think amount moving out for the sake of my mental health, let alone minimize the guilt of paying less than $1100 per month on my private loans, as a result of trying to get out from under them and being seriously overwhelmed by them. I guess what I'm asking is, where the heck do I even start. Do I pay less on my loans and move out to a crappy apartment? Do I suck it up and let the life be sucked out of me too? I don't know anyone looking for a roommate right now, and while I work for a property management company that gives me 20% off of rent, I literally cannot afford loan payments + credit card payments + utilities + car payments (since it I move out I will undoubtedly be giving up "my parents' car that they gave me"), let alone food expenses or paying for my own insurance. Someone please help me keep my head from spinning off as I have no clue what to do. People who have been here, where did you start? Did you lower your payments? Did you get a second job? Did you sell feet pics or make a venmo asking for pity money? (Not going to do the first one but the second one has crossed my mind, lmfao.) would love advice from someone who has been in any aspect of this situation, thank you so much everyone ETA: yes the goal is moving out. I'm tired of being treated like dirt from them. [link] [comments]  |
| Posted: 13 Aug 2020 06:34 PM PDT Im currently enrolled as an americorps member in hiking trail maintenance and when my hitch ends i get a 2000$ education award towards my student loans. I was curious if there was an education awards program that you know of similar to this that will help me pay existing student loans. Either a job or a volunteer program similar to this Any answers greatly appreciated! Thanks Reddit! Possibly not Americorps related...only because I heard that they only give out education awards to one person only twice. [link] [comments]  |
| Any F1 students who were able to get in-state tuition with an EAD card via marriage based AOS? Posted: 13 Aug 2020 08:25 PM PDT I'm not really sure if this the right sub to ask this question, but are there any F1 students here who were able to get in-state tuition or recieve financial aid/grant with their EAD card while their AOS application was still pending? [link] [comments]  |
| Do loans get approved and disbursed prior to school starting? Posted: 13 Aug 2020 11:12 PM PDT I just got into a regional private school for grad school last week. I did my FAFSA for the school back in November of 2019 or January of 2020 to include this school. I did all the MPNs and entrance counseling just because I figured I'd have to do that eventually. My school's financial aid office indicated my FAFSA is currently in the review and award process and that it'd take 7-10 days. Is there somehow any way or reason for it not to be approved/disbursed by the time my classes start on August 24? payment is due before school starts and I'm a little worried I won't be able to attend class because I don't have the loan money. Thanks for your help! [link] [comments]  |
| What’s going on with Nelnet and Trump’s executive order? Posted: 13 Aug 2020 01:13 PM PDT Nelnet notified me today that repayment of student loans will begin on 10/15/20 and that I need to recertify my PAYE plan. Is it possible they are "behind" and plan on updating shortly with the newest information? Anyone have any insights? Thanks in advance! [link] [comments]  |
| What to do if your servicer has screwed up your loans? Posted: 13 Aug 2020 10:07 PM PDT I have about $28k in loans currently being serviced by Mohela. I checked the payoff amount a few days ago and noticed it was still $20k which seemed odd, given I have been paying since November of 2007. Then it occurred to me that the term of the loans was 10 years, and should have ended 3 years ago. The original projection of the total cost of the loan should have been $30 - $35k if memory serves me. Currently its over 40k. Has anyone else experienced this? I'm hoping I can just call them up and get this straightened out, but pessimistically I doubt it will be that easy. Any feedback would be greatly appreciated. [link] [comments]  |
| Confused EVERY YEAR about IBR plans/payments Posted: 13 Aug 2020 05:43 AM PDT Hi all. I've been doing this for almost 10 years, and every year something new confuses me. This is all regarding my federal loans. 2019 income: $89,188 DIRECT SUB CONSOLIDATION LOAN: $36,739 DIRECT UNSUB CONSOLIDATION LN: $99,772.22 TOTAL with unpaid interest: $140,295.15 I was in school from 2005-2009 (undergrad) and then 2009-2013 (law school). Federal loans were taken out for both. The consolidations are from 2013. I am currently on REPAYE paying $763/mo which was calculated using numbers from when my spouse and I filed our 2018 taxes together. He has federal loans of about $17k and he's on standard payment paying $400/mo. Our AGI for 2018 filing together was $131,188. We filed 2019 taxes separately as I was hoping to get on PAYE which would cap my payments at 10% of my income alone...or so I thought. I applied for PAYE, submitting my 2019 tax return showing $89,188 and MFS. I received the notification that my payment was recalculated, and it said that I've been approved for REPAYE (which I didn't apply for) at payments of $1,089.98/month. Somehow my payment went up over $300 even though we did MFS and I tried to apply for a different payment plan. Does anyone know what could be going on here? Do I not qualify for PAYE? Do I have any other options? I can only afford ~$800/mo as a federal loan payment. TL; DR: 2018 income $131k, payment $763; 2019 income $89k, payment $1090. What gives? [link] [comments]  |
| Should I take out a student loan? Posted: 13 Aug 2020 04:51 PM PDT For context, I am senior graduating this semester. My parents want me to take out a loan because of the potential Dem loan forgiveness plan and to build my credit score. However, I have enough money saved up from my internship to pay for my last semester out of pocket. What should I do? [link] [comments]  |
| Question about a clause on Great Lakes' Terms & Conditions Posted: 13 Aug 2020 04:49 PM PDT From Great Lakes' Payment Terms & Conditions:
Does this mean my payments can disappear into the void and they can just say I agreed to there being "no guarantee" my payment would reach them? (First time paying ever!!! Sorry if this is a dumb question) [link] [comments]  |
| Posted: 13 Aug 2020 11:21 AM PDT Recently I was dropped from financial aid. Because of the quarentine and several other factors my depression became several time worse, leading me to fail 2 classes. I've recovered enough to attend school but I have to take a student loan. My bank doesnt provide them and I'm the only one in family that has ever dropped from financial aid or required a loan. I tried speaking to my advisor but he told me to speak to my bank. They did nothing. I don't know what to do or where to get info and advice. Does anyone have any recommendations for loan places. My backround is. I'm poor. Credit is pretty good. Currently working to be a teacher. Currently has 3 class credits. First year attending college. Lives in texas. I'm just looking for advice on where to go or recommendations. Thankyou in advance. [link] [comments]  |
| Student loans without a co-signer Posted: 13 Aug 2020 03:01 PM PDT I'm a sophomore at Mississippi State University. Last year my mother did a Parent Plus loan but this year she wasn't approved. She doesn't have good credit. Does anyone know of anything I could do? Or any private loans that would let a 19 year old take out without a co-signer? [link] [comments]  |
| Posted: 13 Aug 2020 02:37 PM PDT Due to unfortunate circumstances involving both Covid-19 and parental financial issues, I am unsure how to go about funding for college. My fathers finances (taxes) are primarily handled through a private accountant who we were unable to source information from, until recently, since the beginning of the pandemic. Because of this, we have been unable to make progress on the verification for the FAFSA. Therefore, we are now in a difficult situation and I thought that I would attempt to seek help through OSU prior to having to take out, what would be, extremely expensive loans. I am looking to see if there is any way to find a solution to this matter. Regardless, I am now looking to Reddit to see if there is anyone who would be willing to assist me with this predicament. The total cost that I have to pay directly to OSU is $10,872. This cost will be split into 4 payments that I have to pay across 4 months. I currently have ~$4,000 in my bank account. While I would love to believe that I will be able to get a job while I am at college that could supply me with the funds to pay for this semester without having to take out private loans, I am unsure if it is possible. I am hopeful that my fathers finances will be taken care of prior to my next semester, I cannot guarantee that. Therefore, I am looking for advice on what to do. Either I attempt to pay it off via working during college or I pursue private student loans. While the student loans are not great, I would have a cosigner that has a credit score higher than 800. [link] [comments]  |
| Question Regarding Refinancing Grad Plus Loans vs Others Posted: 13 Aug 2020 02:01 PM PDT Hi Looking for some advice here on strategy for refinancing student loans as I fortunately never had any but my s/o unfortunately has a substantial amount that have not been paid down. We've committed to better budgeting with me taking over the finances and now I'm in the process of sorting things out so I'm trying to get some baseline info before talking to different lenders. For reference we are not yet married and she is a well paid professional with a 700+ credit score who's been with the same firm for ~4 years now. So a few questions: - I'm looking at Navient and for various loans on the payoff quote there is unpaid principal, unpaid interest, and a total amount with the unpaid interest making up thousands of dollars for various loans. I was under the impression that there weren't prepay penalties on federal loans. Is the unpaid interest all capitalized interest and not a yield maintenance equivalent? - All of these loans have exorbitant rates ranging from 6.8-8.5% (they're 2009-13 vintage). The loans vary from stafford to graduate plus. If I'm executing a private consolidation/refi should I expect the same rates to be offered across each of the loans or is it more likely that the rates will vary by loan and that'll come out to an overall blended rate for the refi loan? - Is it more difficult to refi grad/grad plus loans vs other loan types? Thank you [link] [comments]  |
| husband graduated in may, none of his loans should even be in default yet Posted: 13 Aug 2020 01:03 PM PDT Got a letter recently saying my husband's student loans were in default. He graduated in May and shouldn't have to make a payment until November. The letter was sent by General Revenue Corporation and the language is purposefully confusing, I looked them up and they got sued five years ago and lost due to their confusing wording and the letter we recieved two weeks ago is still using that working. I know they're legit but we have recieved zero notifications about paying back the loan since he graduated. What do we do? He has had problems with the school deciding he was done due to an error on their end and needed to start repaying loans and we've called and explained it every single time but now we haven't even gotten any notice that the loans needed to be repayed. [link] [comments]  |
| S/O keeps getting denied cosigner's for student loans Posted: 13 Aug 2020 01:02 PM PDT My boyfriend's parents are going through a rough divorce right now and for those reasons everyone who has tried to cosign his student loan is getting denied. His family member who also tried has gotten denied as well. We are at the end of our ropes and there must be another option. I don't know what to do. Maybe I'm just ranting but I'm trying to figure out ideas we have not tried. [link] [comments]  |
| I’m new to student loans. Going to nursing school. Help? Posted: 13 Aug 2020 09:00 AM PDT Hello, I'm new to student loans and looking for some info. What are the safest loans to take out? What companies have a good reputation among students? Does it matter if you have major credit inquiries to get loans, such as a home loan or car loan? [link] [comments]  |
| Going back to school full time HELP Posted: 13 Aug 2020 08:32 AM PDT My girlfriend is finishing up her associates degree at a community college and wants to enroll full time at a local university to get her bachelors this spring semester 2021. She is a first generation immigrant and no one in her family has gone to college. She currently works full time but wants to just get her bachelors ASAP in order to get better job opportunities/better pay. I on the other hand came from an upper middle class family and while I had to take out loans to pay for college myself, I did have them to support me with rent/living expenses/etc. so financial worry was not really something I endured. My girlfriend on the other hand does not have any family to support her and is thinking of taking out student loans to pay for her living expenses (rent, cell phone, car payment/tuition). She is very worried right now about money if something unforeseen comes up but I guess my question is, is this feasible to live on loans for about 2 years until she can graduate? [link] [comments]  |
| Posted: 13 Aug 2020 10:35 AM PDT So I've received my financial aid and I still owe $14,116. I'm unable to do the parent plus loans because both of my parents have already had loans taken out under their name by 2 of my older sisters. Are there any other federal loan options? [link] [comments]  |
| Should I borrow now or in a year? Posted: 13 Aug 2020 10:07 AM PDT Aside from my financial aid and federal loans, I still have money left over that I owe. I have enough money in my bank account to pay for the rest, but I wouldn't be left with much. Do you think it would be best to pay out of pocket and need a private loan next year, or would it be better to get a loan this year while rates are lower due to covid and not need private loans next year because I would save the money in my bank? I hope that makes sense! [link] [comments]  |
| Health profession Student Loan: Reached Aggregate Student Loan Limit. How can I go forward? Posted: 12 Aug 2020 10:28 PM PDT Hello! I was hoping someone here could help me out if you were in a similar situation or have any background in getting private student loans. I borrow my student loans through Discover Health Professional Student Loans. I am a DACA recipient and am considered international so I don't qualify for federal, which is fine by me. I am currently entering my 3rd year of dental school and sadly I just found out that I have reached my aggregate loan limit. I only have student loans from my first and second year of dental school from discover with a cosigner. I didn't have to borrow for undergrad. My current borrowed loan added up to 200k. I am just shocked that I reached my aggregate student loan limit half way through when my COA certified by the school is around 95k per year instate. Sadly I didn't know about aggregate limit for private loan till today. What are my options? I would really like to stay in school and not give up on my degree when I'm this close. I do have an appointment with financial aid a week from now, but any insight will be greatly appreciated. [link] [comments]  |
| You are subscribed to email updates from /r/StudentLoans: Reddit's hub for advice, articles, and discussion about educational loans. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment