57 percent of students who take out student loans do not graduate! Student Loans |
- 57 percent of students who take out student loans do not graduate!
- Nelnet payment due date shows 3/09
- Student Loans
- Do I need to do anything special when making a large payment on loans?
- Question about federal loans with no interest right now
- Loan for a car? Hear my case
- [Sallie Mae] COVID forbearance length?
- Is there a relationship between the FED Interest Rate and the Interest rate on private student loans?
- How do I apply for Student Loans? How do they work?
- Need $2,000 within one month (no co-signer)
- My school reversed my student loan 9 months after it went through?
- Sanity check - repaying loans with an employer match
- Students of reddit, do you know what percentage of UK unis will not increase fees for international students?
- [USA] I'm from a poor family and I've been working full time since before I graduated high school. Can I get loans to go to school in Canada?
| 57 percent of students who take out student loans do not graduate! Posted: 28 Sep 2020 01:38 PM PDT I can't imagine having college debt and no diploma! Data from the Department of Education shows that 12 years after starting college, those who graduated have 58 percent of their loan balance left. Comparatively, those who never graduated have 84 percent of their loan balance left. [link] [comments]  |
| Nelnet payment due date shows 3/09 Posted: 28 Sep 2020 06:28 AM PDT Has anyone else seen payment due date for March on their student loans? I was reading that payment date had been pushed back to January by the president. I wanna make sure this isn't a error on my account. [link] [comments]  |
| Posted: 28 Sep 2020 04:35 PM PDT This is all new to me so I need Help! I have a total of 87k student loans. I've been offered to settle 57k (private loans) for 7k. This is private student loans from Navient that was turned over to Northstar. Does this sound about right? Is this something I should do?Also... I called again just to verify everything and I was actually able to negotiate them down to 2,500. [link] [comments]  |
| Do I need to do anything special when making a large payment on loans? Posted: 28 Sep 2020 06:26 AM PDT I was gifted some money and I wanted to use that to pay down my student loans. The loan is paid via direct deposit every month and I previously setup an online bill pay account for the loans to pay $50, $100, etc. when I can. Navient now is my provider. Do I need to do anything special or just pay the amount I want to pay through the online bill pay account? Should I pay via check? I just have never made a large payment on these and want to make sure it gets applied the correct way. [link] [comments]  |
| Question about federal loans with no interest right now Posted: 28 Sep 2020 01:23 PM PDT So I paid off my private school loans about a year ago. But I haven't touched federal loans because I was going to grad school. So my question is this.. One of my loans is $2,000. If I pay $2,000 will they put it on that loan to completely erase it or do I need to call them and tell them to do this? I'm just not sure because they are all 0% interest for now. Thanks [link] [comments]  |
| Posted: 28 Sep 2020 06:52 PM PDT So I know that is not legal to take a student loan for purchasing a car but I think this is my only option. Right now I have no means of transportation because I used to carpool with my neighbor but he move. Next month I'm supposed to start my thesis project and it will required to travel a lot. As a grad student my stipend is a miserable $1,000 a month and my university does not allow us to have any other work (also my schedule is a nightmare). Fortunately I live with my mom in a low-income home and my dad pays for our bills (except power and water which are around 100 a month) so I can used my stipend for my personal things. Until two months ago I had 4k in savings that were to be used for a car but a family tragedy happened and had to spent it. A thing you should know: I live in Puerto Rico. If you seen the news you know the island is in a deep recession so everything is much more expensive that in the states, specially cars. The private used car market is absurd. In the states you can buy a decent car for 4k while in PR that's the price for a 2000 stock civic. Given that I had my share of beater cars as an undergrad (it was a nightmare because I have zero mechanic knowledge and the keep breaking down) I figured that in the long run it will be better to get a good reliable car so I'm aiming for an 8k priced car. I already check and I can't get a car loan because my stipend is not guaranteed as it is renewed every semester so for them I basically have no income and my mom can't be a cosigner (she has a terrible credit score). So for me getting a unsubsidized loan is a viable option. Here is my plan: get the 8k in a loan and buy the car and treat the loan as an auto loan and pay 250 plus a month if I can. I will also try to save to make big payments. What are your thoughts? [link] [comments]  |
| [Sallie Mae] COVID forbearance length? Posted: 28 Sep 2020 02:01 PM PDT Hi, I've got financial difficulties right now and have gotten three months of COVID-related forbearance for my Sallie Mae student loans. Has anyone tried to get an additional forbearance beyond three months from them? I've already used my regular forbearance options up prior to the COVID situation, so the only thing that'd help here would be additional COVID assistance. Thanks in advance for any help! [link] [comments]  |
| Posted: 28 Sep 2020 12:26 PM PDT Is there a relationship between the two? I remember in the last few years everytime there was an increase in the FED interest rate, my monthly payments would increase. But now with the pandemic the FED has decreased interest rates, but the payment amounts haven't. Unfortunately I don't have any options of lowering my monthly payment amount due to it being a private loan. [link] [comments]  |
| How do I apply for Student Loans? How do they work? Posted: 28 Sep 2020 04:00 PM PDT I was in the graduating class of 2020. I applied to colleges, got a pell grant, etc but decided last minute not to go to college. Now I'm reapplying to colleges and waiting to apply for another pell grant. All I need now is student loans??? I think??? Can someone give me basic information on student loans. Thanks to all x [link] [comments]  |
| Need $2,000 within one month (no co-signer) Posted: 28 Sep 2020 03:05 PM PDT Hi all, so I'm wondering if anyone can recommend a lender that isn't going to gouge me with a 10+% interest rate. I've already got as much as I can from Sallie Mae. Basically I took a paid internship 2 years ago, and bc of my boosted income, I no longer got as many need-based scholarships as I have in the past. I can prove $27k income for 2019. Credit score around 750+ with 4 years of history. I applied for Discover, but interest rate was like 12%. As stated, I do not have a cosigner through any family (including extended). Fortunately, I graduate in May 2021 so if I am forced into high interest rate, at least I'll be able to start paying it off then... [link] [comments]  |
| My school reversed my student loan 9 months after it went through? Posted: 28 Sep 2020 02:36 PM PDT I graduated in December 2019. In June 2020 my university reversed my federal subsidized loan and now I am expected to pay it within 30 days. Apparently I was notified throughout the summer but it was sent to my school email which I didn't check because I graduated? From my research you can only reverse within 120 days. Very confused with how my school did this. [link] [comments]  |
| Sanity check - repaying loans with an employer match Posted: 28 Sep 2020 10:19 AM PDT My employer recently announced that they'll match $X in student loan payments annually, starting next year. There's no stipulations on how/when the payments must be made. I have a moderate amount of loans currently on REPAYE, and through this year had been paying nothing because prior to 2019 I had been making effectively nothing. However I have to recertify soon using my 2019 income, which will make my payments shoot up to a few hundred a month. Assuming I want to pay exactly $X each year for the match (I have higher-interest debt that takes precedence after that), I think the optimal plan would be: * Switch to graduated repayment, to minimize my required monthly payments. With the match I'd be able to clear my loans before reaching the midpoint. * Apply the difference between $X and my monthly payments as a lump sum to principal at the start of the year, to reduce interest faster. Are there any pitfalls on the loan side of things? I'm not concerned about the stability of my employer/employment or having to work there for a few years. [link] [comments]  |
| Posted: 28 Sep 2020 04:14 AM PDT |
| Posted: 28 Sep 2020 02:30 AM PDT I don't really know how this works. How do people pay for school?? Do you get a loan big enough to pay for your degree as well as housing and food?? I'm tired of working for pennies and still not having enough money for basic bills. I'm unemployed right now because of Covid and I've had so much time to think. I've been wanting to go to college and haven't had the time or motivation because I work so much normally I have always wanted to go to school in Ottawa, Ontario, CA but I was always so busy working I just never looked into it. My family is extremely poor and so I just kinda forgot about my dream Do you already need money to go to school or do people just get loans? Can I even get loans as a US citizen for a Canadian school? Like I asked earlier do people get loans to pay for housing and food as well as school?? Thanks anyone who replies! [link] [comments]  |
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