Refinanced and it feels so good Student Loans |
- Refinanced and it feels so good
- Can i still get student loans?
- Need student loans but unable to get them without a co-signer...and I don’t have a co-signer. Any advice???
- Was CARES act extended to private loans? anything else for private loans?
- Any issues with Navient "Automatic Debit Benefit - Ct25", says I'm eligable and will lower my interest rate .25%
- Need advice for future schooling
- Refinancing Parent PLUS Loans
- Dump or hold...
- Teacher student loan forgiveness help
- PSLF and IBR recertification: should I attempt to undo my submission given undisclosed COVID extension?
- Refinance private loans while in grace period?
- Big Trouble.. I think?
- NelNet In School Status
- Advice for refinancing
- IBR recertification deadline & grace period
- Nelnet Loan Gone????
- Borrower’s defense - request for reconsideration
- Small differences between Nelnet and StudentAid.gov profiles. Possible reasons?
- Refinance govt loans now to 3.05% or wait?
- If I refinance using Nelnet will it be eligible for the 0 percent until December? And a few more questions in post.
- Does making a payment now stop the 0% interest?
- Refinancing my government student loans with SoFi, then paying them off extremely early?
| Refinanced and it feels so good Posted: 05 Sep 2020 06:33 PM PDT With today's rates I was able to go from 6.74 to 3.27 APR Making my daily Interest drop by over 4$ I was clueless on how student loans worked since they were my wife's and not mine. But with the help of this sub and a little research and hard work the end is in sight. Amazing how you can end up paying more than 100% of the original amount financed. Really crazy My only regret is that I didn't do it sooner. Thanks r/student loans [link] [comments]  |
| Can i still get student loans? Posted: 05 Sep 2020 11:34 AM PDT I recently talked to my financial aid counselor at my community College that I went to. She told me that i reached the federal limit for student loans i can borrow. Does she mean only for community College or in general i can't borrow anymore even when I decide to transfer? [link] [comments]  |
| Posted: 05 Sep 2020 11:37 PM PDT Hi guys! I recently transferred from a CC to a private university, which means lots more $$$ to pay... I qualify and earned the max amount of Financial Aid I can get from both the school and FAFSA itself; grants and loans from both. With that in mind, I still need about $8,000 for the rest of the school year. The problem is: my credit score isn't high enough, and although I have 100% payment history, I had a FAFSA overpayment which went to collections, but has since been paid in full and cleared. Either way, my credit report shows that I had an overpayment go to collections which is ruining my chances of getting student loans on my own! I need a co-signer but am unable to find one, is there any way I can get around this? If not, what are my options??? I really need this loan. I'm out of work due to COVID btw if that's important to know. Thank you in advance for any advice 🤍 [link] [comments]  |
| Was CARES act extended to private loans? anything else for private loans? Posted: 06 Sep 2020 02:13 AM PDT I was wondering if any of the bills planning to extend CARES Act to private loans were actually enacted. Or is forbearance with that nasty interest rate my only option at this time? [link] [comments]  |
| Posted: 05 Sep 2020 08:03 PM PDT Any issues with Navient "Automatic Debit Benefit - Ct25", says I'm eligable and will lower my interest rate .25% Just noticed this line " A 0.25% INTEREST RATE REDUCTION APPLIED AFTER THE BORROWER SUCCESSFULLY ACTIVATES ACH PAYMENTS. " under my loan details. Also, how do you sign up for that plan? I'm guessing its going to be a phone call since the Navient website sucks. Even finding my monthly statement is very difficult, its buried in menus. [link] [comments]  |
| Need advice for future schooling Posted: 06 Sep 2020 01:43 AM PDT I'm 21 and in community college working on an associates degree in web development. I'm in my second semester of the Associates degree so it's not yet time for me to start applying for bachelors. I'm also transgender in an unaccepting/conservative area and live in an abusive household, so I need to get out ASAP. I want to go to school in Chicago for a Bachelors in IT or web development depending on the place. I've been looking at DePaul, IIT, and Northeastern. Net payment calculators all give me estimates around 20-30k a year, so that will probably amount to 60k for 2 years. I have good grades and can probably qualify for merit scholarships but that's already included in those calculators. I can get roughly 9000 in federal loans but that's not gonna cut it. My parents have already said before they're not gonna do Parent PLUS and I imagine once I start transitioning I'll have to completely cut off contact with them so it's really not an option. Would I be making a huge mistake to take out private loans? Or if I wait until I'm 24 will federal loans cover the entire cost of attendance? I'm so intensely suicidal and I really really need to be somewhere more accepting, I can't take living like this. I'm already in therapy and taking meds, I just need to get out of here and going to school seems like my best bet. Anyone have any advice for me? [link] [comments]  |
| Posted: 05 Sep 2020 07:32 PM PDT I have three large Parent Plus loans (in my moms name). This is alongside a large sum of federal loans in my name. I hear you can refinance loans these days for a lower interest rate. I'm interested in consolidating the three large loans (if this is even beneficial), refinancing for a lower interest rate, and also refinancing them so they are no longer my mom's responsibility Any advice is welcomed. Thank you!!! Edit: I am still in school and graduating this spring if that helps [link] [comments]  |
| Posted: 05 Sep 2020 02:50 PM PDT Just to get straight to it, I've recently come up with a plan to tackle the last and largest debt we have in BS2– THE $110k massive consolidated student loan. Considering it's not currently accruing any interest and no payments are due, I plan to hit it with $2k per month. Well, the question is do I hold the money in a savings account until 12/31 and then pay it in down in one swoop? Or, do I just pay it monthly as if we weren't in a pandemic? FYI- my income is "stable" (I've learned to put quotes around that word because there is no such thing) and there's a six month emergency fund in place because my husband's income is not stable. Please share some advice and thanks in advance. [link] [comments]  |
| Teacher student loan forgiveness help Posted: 05 Sep 2020 09:59 AM PDT Looking for advice. My wife has ~ 50k in student loans. Our opinion on how to pay them off are different; in 5/6 years she will be eligible for the teacher student loan forgiveness for up to $17.5. She wants to pay the minimum for 5 years, take the 17.5k forgiveness (because it's free money) and then pay the rest off after. My opinion is we should pay them off ASAP and not even think about the forgiveness. I understand $17k is a lot of money, bit to me it's a lot of "what ifs ". Within 5/6 years, she likely will accumulate more debt from just interest alone. I also, and I know these have been around for ages, but am skeptical of the laws being the same in 5 years and counting on this. Has anyone been in this situation? [link] [comments]  |
| Posted: 05 Sep 2020 05:45 PM PDT I am pursuing PSLF, and I am just under 2 years in (huge thanks to this sub for all the advice/information I've gained from stalking until now). Currently, I make $0 "payments" (on REPAYE) because my income-based repayment certifications used older tax returns that showed very little income, even though I have been making $60-85k for the past 18 months). My certification is due this month, and I just submitted it. Once MyFedLoan processes it, I will start paying actual payments per month based on, more or less, my proper income. A day after submitting my certification, I saw this notice here on studentaid.gov:
My notice (dated 1 Sept 2020) said nothing about a delay of my certification requirement until 2021. It said that my certification was due near the end of September. As I read ED's notice, if I hadn't submitted my certification, I would continue to pay $0 payments until sometime in early 2021, when my certification would actually become due, and then after I submit it and they process it, then I would have to start making payments. Thus, submitting this form on time likely just forced me to make ~3-7 actual money payments that I wouldn't have had to submit otherwise. So, 1) is it possible to ask MyFedLoan to disregard my submission due to ED's guidance, and 2) even if yes, should I? Are there any advantages/disadvantages that I'm not thinking about? Thanks! [link] [comments]  |
| Refinance private loans while in grace period? Posted: 05 Sep 2020 07:53 PM PDT I graduated in May 2020 and have $102K in graduate student loan debt:
Question 1: has anyone had luck refinancing with a lender prior to starting their post-graduation full-time role? I have a signed offer letter for a role that begins early December. SoFi appears to accept offer letters in lieu of paystubs. Anyone know if other lenders do? Question 2: I received a quote from ELI to refi my private loans at 2.79% fixed rate with a 5-year term and $1K monthly payment. If I'm able to secure that rate prior to starting my full-time role, is it worth refinancing while in grace period? I'm already making ~$1.5K month payments against the 5.00% loan. [link] [comments]  |
| Posted: 05 Sep 2020 11:14 PM PDT Ok just to sum up the story quickly to reach more eyes ... I go to a private university currently I am going for my BSN-RN degree and I'm about 10 months away from graduating. I took out my initial loan with Sallie Mae and the way it worked was 2 separate loans of 25k each (my parents make too much for me to qualify for any help but they don't actually contribute to any cost) the way it looks is I'm going to pay some insane interest rates once I get out, I am currently paying $25 a month for each loan so $50 a month total I can afford to pay on the principal balance but I'm not sure if it'll go to the actual principal because the wording is so sketchy when it comes to that. My question is, should I try to refinance the loan (while I'm still enrolled in the school) or just try to start paying on the loan while I finish school. My credit score is fairly high around 760s and I make around 20k yearly as of now (fast food job while in school) The reason I thought about refinancing it now is the lower interest rates? Where can I even find what company's refinance and the interest rates? [link] [comments]  |
| Posted: 05 Sep 2020 06:06 PM PDT How can I get out of "in school status" on my loans and not $#%@ up the benefits of CARES? Currently a "grad student" affiliated with a state university due to my residency training being affiliated with said institution but want to apply for IBR. [link] [comments]  |
| Posted: 05 Sep 2020 07:23 PM PDT Planning to refinance my student loans with SoFi - 84 month, 69k at 4.24% (Current balance is 56k, 66 months remaining at @ 960 per month) Looking for some opinions on taking either a 7-10 year loan and investing the difference in monthly payments. Would investing make up the difference paid in interest over time or is the higher monthly payment the better option? Regardless of the route, I would like to make additional payments occasionally as well. Appreciate the feedback! Currently loan options are: 84 months, 782 per month at 3.6% with laurel road 84 months, 763 per month at 3.65% with earnest 120 months, 565 per month at 3.76% with earnest (I've heard that you can refi for a better APR after 6 months) Edit: No CC debt and pay 350 per month on auto [link] [comments]  |
| IBR recertification deadline & grace period Posted: 05 Sep 2020 06:19 PM PDT I have a loan with Navient and other loans with Fedloan Servicing. Both are on IBR but they have different recertification dates. Navient recertification form is due today (9/5) and it's typically too early to do the Fedloan Servicing application as I get the notice (9/6), which means I usually have to do it twice, but I think Fedloan sometimes holds the early application until it's time to certify. Anyway, I log in today to do it and the dang IRS DRT is down and it looks like a giant pain to submit without. I seem to recall a 10 day grace period to get it in after the due date, and it looks like the tool is scheduled to come back up on Tuesday. Does anyone know if that grace period exists? I've seen it mentioned and could have sworn someone told me at Fedloan that was the case many years ago... I'm not really concerned of my payment going up with Navient as I'm paying it off and have no interest to capitalize, but thought I'd check here to see if the grace period is indeed there. [link] [comments]  |
| Posted: 05 Sep 2020 11:58 AM PDT Hey guys, I had my student loan through Nelnet and I went to check it the other day and it is completely gone. What gives? I know it doesn't just go away and I know they want their money. It was only 2k though. I want to pay it off while this forbearance period is going on but I can't even pay on it if they say I don't owe it. Apparently the contract between Nelnet and the federal government will be ending soon so are they in the middle of transferring me elsewhere? [link] [comments]  |
| Borrower’s defense - request for reconsideration Posted: 05 Sep 2020 02:39 PM PDT With the mass denials going out, has anyone replied to the email and asked for the request for reconsideration? I can't tell how long we have to do so. I have no idea how to word it either. Sigh. [link] [comments]  |
| Small differences between Nelnet and StudentAid.gov profiles. Possible reasons? Posted: 05 Sep 2020 02:31 PM PDT I logged into my StudentAid.gov profile today and there are small discrepancies between that information and my Nelnet account. Nelnet is my only loan servicer. I have no interest on my loans due to the CARES Act forbearance and I made a supplemental payment in April to pay off the $10 of interest that accrued between my last payment and the start of the CARES Act forbearance. My Nelnet balance is $74,412. My StudentAid account shows a principal balance of $74,411 and $6 in interest for a total balance of $74,417. It shows it was last updated August 31. My question is, what accounts for these small discrepancies? Is it a rounding error when the 2 computer systems talk to each other? Should I be worried about this $5-6 of phantom interest? [link] [comments]  |
| Refinance govt loans now to 3.05% or wait? Posted: 05 Sep 2020 05:11 AM PDT 85k loans At avg rate 4.4% Loans forgiven until dec/31 Citizen bank gave qoute of 3.05%/10 years. Do we think rates will go down more?/more go to forgiveness/delay on the way? [link] [comments]  |
| Posted: 05 Sep 2020 11:51 AM PDT I live in Vermont and our student loan servicing center, even though they are government loans, are not eligible for the forebearance or the zero percent interest. I called and asked. My husband and I owe 107,500.00 total. We are both in graduated repayment plans and we started those in 2012 or so. We started with a balance of just under 90k. Our payments together currently are $737. A few of our loans are advantage loans in both our names and we were morons. If we refinance with Nelnet do you know if we are still eligible for such things. I assume the time would reset though. Nelnet is who we would refinance through, our provider doesn't offer that. We have variable interest rates that go between 4 and 9%. I also assume that if I refinance privately that they become regular private loans that have no special payment plans should we need help in the future. Although I also assume they will not be dishcargable via bankruptcy (which we never plan to do but it's good to know all aspects). I am disabled but am choosing to not go the disability route. For now. My husband works and was able to make use of his degrees. I never received mine because my disability basically kicked me out of school. Also we are old now. Late bloomers and all that. Please let me know if more info would be helpful. And thank you for any advice you can give us. I'm not sure that refinancing would help us but want to do everything we can to deal with this situation. [link] [comments]  |
| Does making a payment now stop the 0% interest? Posted: 05 Sep 2020 09:42 AM PDT If I make a lump sum payment on my loans right now, will that take me out of COVID relief with no interest? Thanks :) [link] [comments]  |
| Refinancing my government student loans with SoFi, then paying them off extremely early? Posted: 05 Sep 2020 08:37 AM PDT I am in the process of applying, and they showed me a bunch of loan options called "term loans" ranging from 5 years to 20 years, at fixed and variable APRs. In short: If I refinance, I would plan to pay off the remaining loans immediately. I have a family member who is helping me and some extra money, and we agreed to knock them out in one go with our life savings (about 11k). However, is that allowed with the "term loan"? Will they charge any extra penalty? [link] [comments]  |
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