Help!!! Student Loans Closed Student Loans |
- Help!!! Student Loans Closed
- Should we divorce to avoid the huge REPAYE hit?
- Advice needed
- Some advice if you will with my loans
- Advice Needed
- FAFSA Mailing Parent Signature - Processing Time?
- Graduate Student Loan Question
- Student loan was in default, is now in good standing. Who should I contact to get negative reports removed from credit report?
- I just got another $18,000 added to my debt
- Advice needed
- Lowering Sallie Mae Loans
- Interest Only Payment Plan — Sallie Mae?
- Worth changing interest rate on fixed loan?
| Posted: 16 Oct 2020 02:32 PM PDT Okay, yes, not good! I never paid on my student loans, went into the military...went back to college using GI Bill. Now it's 10+ years later, after never paying on my org. college student loans. They have been closed, according to credit karma. I got a bump in my CS. The question is.....when I go to get a mortgage will these closed student loans effect me? Will they still count against DTI? I am not sure if I should just leave them for now and if they open back up then take care of them or what. I am just finally building my life back up, have twin three year olds. Truthfully, I am just trying to put myself in the best decision to build my future life for my kids and me. Any guidance would be helpful, thanks in advance. [link] [comments]  |
| Should we divorce to avoid the huge REPAYE hit? Posted: 16 Oct 2020 09:09 PM PDT I just got married this year, and my wife has a REPAYE loan and is 4 years into the ten-year plan of PSLF. She pays about $460 a month on a $50,000ish balance now, but while redoing the certification, she said she needed my AGI info and to sign some online form. I looked into it and ran the numbers, and based on the increased AGI we'll have, she'll be paying over $1300 a month and pay off the loan in around four years. The PSLF program would have been all for naught and a total waste of time. Us getting divorced would save $10,000 a year in the short term, or about $20,000 over the term of the PSLF program. Can she just switch to the PAYE program? Are there other options? That's a huge hit to our budget. It just seems really ridiculous, as if we're being penalized for marrying, when if she had known the difference between PAYE and REPAYE she could have just picked PAYE an we file separately. How can the loan services not mention the huge marriage pitfall? Ugh, just very frustrating. [link] [comments]  |
| Posted: 16 Oct 2020 06:07 PM PDT Need some advice on this issue. Student Loans acquired through SallieMa and not required to pay back loans at this time. All loans currently deferred. All loans have cosigner. Cosigner is trying to lie to get name removed by saying she was aware of the loans but not total amount and now wants out. Sallie does not remove cosigner unless student has graduated and has the financial means to pay without support and the cosigner is aware of this (I've already discussed and at this time I can't remove). I pay monthly already and have never missed a month though the cosigner believes I am lie-ing about this. Threats to sue me as well. Is this a legitimate case? I've discussed with Sallie already and they told me the cosigner can't just lie because they also have phone call records with audio recordings (they always follow up with the cosigner). I'm still worried and really unsure what to do. Any help appreciated! [link] [comments]  |
| Some advice if you will with my loans Posted: 16 Oct 2020 04:11 PM PDT Hi all, Just trying to construct a plan of action as to how to tackle my loans. Really want the burden of these gone sooner than later and am currently making a career switch to make it happen to the best of my ability. S&C ==> Computer Programmer. Loan Total = $94,008.50 Loan Details: FedLoan (All Stafford Loans) = $20,876.93
Navient (All Direct Parent Plus Loans) = $73,131.57
I figured I'd like to pay off my loans by the time I'm 30 (currently 26) but that seems somewhat unreasonable until I can secure a new job that will be paying more than what I'm making now. Currently at minimum wage due to Covid layoff working retail and refereeing soccer. So currently making < $30,000/yr. I guess my question is how do I even go about tackling this. Obviously the biggest problem I face is income right now but I'm making the changes needed to increase that so I can throw more at the loans. Having a plan is a must but I don't even know where to begin. I'm well versed in snowball vs avalanche and have been reading up on consolidation and refinance but those don't see, like very good options with my current situation. Tell me if I'm wrong! And with forbearance ending soon I'd like to make a plan and gather advice on tackling these down. (Please no political commentary here, I'm not going to even give a thought to loan forgiveness or the $10,000 everyone is hoping for). Thanks! [link] [comments]  |
| Posted: 16 Oct 2020 10:29 PM PDT So I'm a senior in high school right now looking to study computer science and mathematics to become a quant in the future. My parents told me they'd paid fully if I decide to go to an in-state school, CU Boulder, for a top 30 CS program. The alternative is that I go to Northeastern for a top 10 CS program, but I have to pay my parents $100,000 at a 0% interest rate after graduating from the university. I can't decide if this sum of money I'll have to pay is worth it, just for a more prestigious university. [link] [comments]  |
| FAFSA Mailing Parent Signature - Processing Time? Posted: 16 Oct 2020 06:32 PM PDT Hey guys so since my parents no longer have green cards or social security numbers I have to send in their signature by mail. Does anyone know how long the processing time would be after shipping it off? My first deadline is by December 1st already. I will have to ship it from the Philippines, with standard mail this would take around a month and then however long to process once in the US. On the other hand, I could pay for express shipping which would take a week but cost 200$. What would you guys recommend? I'm going to reach out to my schools just to let them know about the situation because in the case that my mail goes lost or there is a significant delay due to Covid-19, at least they know I've sent it out. [link] [comments]  |
| Graduate Student Loan Question Posted: 16 Oct 2020 09:56 PM PDT I am currently finishing my BS and will be conferred this December. I will be matriculating into the ms program at my current college in spring 21 as an independent state resident. My tuition per semester is ~$7,000. I recently received my spring award amount of $14,875 (direct unsubsidized loan) and $5,874 (grad plus). From my understanding, the direct unsubsidized loan is maxed at $20,500 annually for graduate school. Is there a reason why I am receiving ~15k in direct unsubsidized loans when the annual limit is $20,500? I still don't have a great concept of how financial aid works for graduate school and would appreciate some advice, as I will be in the program for 4 semesters. [link] [comments]  |
| Posted: 16 Oct 2020 04:05 PM PDT I have a federal student loan that was in default. It is now back in good standing and being paid off but I have a lot of negative marks on my credit report from when it was in collections. I want to try to get them removed. Should I send a goodwill letter to the collections agency or to the credit bureaus to try to get it removed? [link] [comments]  |
| I just got another $18,000 added to my debt Posted: 16 Oct 2020 05:51 AM PDT So I graduated from school in May this year with a lot of debt. My parents handled all the loans and I was pretty much in the dark other than knowing that I had a lot. When I graduated I had $74,000 (or so I thought). I paid off $18,000 immediately from my bank account to get those down to $56,000. I have a job that pays $35,000 (I love the job) and I am spending $1500/month on student loans with the intention to pay them off in 3-4 years. I was super relaxed and okay with my financial situation, I thought I had it all under control. Then, last night my mom walked into a room with a letter from Wells Fargo telling me that she forgot about this other loan that I had, another $18,000. I am right back where I started at $74,000 and I feel totally deflated. I was totally ok with my financial situation and now $74,000 feels like I have sooooo long to go again. I worked so hard for that $18,000 that I paid off. If I knew I had $92,000 worth of student debt there's no way I would have gone to school. I'm sad. Please reassure me. [link] [comments]  |
| Posted: 16 Oct 2020 11:45 AM PDT Hi all, I've recently decided to go back to grad school after getting my last degree in 2001. My loans had gone into default and while I've agreed to a rehabilitation payment plan, I'm only 4 months into the 9 month probationary period. From what I understand that makes me ineligible for federal aid. Can anyone suggest alternate means of financing my degree? Any private lenders that aren't too demanding when it comes to credit score? TIA [link] [comments]  |
| Posted: 16 Oct 2020 09:33 AM PDT Hello Redditors, I went to university for five years and graduated in the Spring of '19. I took out eight loans through Sallie Mae to pay for school. They did not make me pay on my student loans for six months, which seemed like an eternity when I first got out of school. Joke was on me...After six months, Sallie Mae billed me for $864 a month so I called and enrolled in their interest program, which is for 12 months. This program reduced my payments to $562, but that is still very steep since I live by myself in a one bedroom apartment and I make $26k after taxes. I have tried talking to different reps there and they say I am stuck until February. Is there anything else I can do to lower these payments before February? [link] [comments]  |
| Interest Only Payment Plan — Sallie Mae? Posted: 16 Oct 2020 07:25 AM PDT Good Morning Ya'll, So, I was wondering about the interest-only payment plan for Sallie Mae. I've been following everyone's advice so far on other threads with people in similar situations but I think this could help me a lot for decreasing my principal balance. My main question that was not really answered by the representative with a clear yes or no was, will my extra payments go straight to principal and save me some money in the long run? Has anyone done this plan before? It would lower my monthly payments for a year by $233.00 a month. But, if I were to go this route, I want to pay extra on my loans (like I've been doing). Here's the gist of my current payments. When I started in August 2020, I had a balance of $74,578.49. My current balance as of my payment yesterday, 10/15/2020 is $72,898,97. My loan balances right now are: 1 - $9,962.84 — min payment: $109.88 — payment I make: $160.00 2 - $6,208.13 — min payment: $49.06 — payment I make: $100.00 3 - $7,827.17 — min payment: $81.33 — payment I make: $90.00 4 - $16,531.62 — min payment: $162.27 — payment I make: $190.00 5 - $13,500.89 — min payment: $147.51 — payment I make: $160.00 6 - $12,964.17 — min payment: $151.38 — payment I make: $160.00 7 - $6,341.35 — min payment: $78.00 — payment I make: $508.00 After speaking with Sallie Mae, I was informed 6 of my loans were eligible for an "interest-only" payment plan for a year. 1 - $9,962.84 — int-only payment: $70.00 — difference: $90.00 2 - $6,208.13 — int-only payment: $40.00 — difference: $60.00 3 - $7,827.17 — int-only payment: $54.00 — difference: $36.00 4 - $16,531.62 — int-only payment: $113.00 — difference: $77.00 5 - $13,500.89 — int-only payment: $92.00 — difference: $68.00 6 - $12,964.17 — int-only payment: $99.00 — difference: $61.00
I am able to pay a total of $1,368.00 after extensiveeeee budgeting lol. I plan on keeping this solid amount, I want to make real progress on these loans. I just want some advice on where to allocate and to which loans so I cut down on this 6-year repayment I have going on. Just tryna start my life lol. I hope you guys can help! Thank you. [link] [comments]  |
| Worth changing interest rate on fixed loan? Posted: 16 Oct 2020 02:48 AM PDT I currently am financed through sofi with a fixed rate of 20 Year 5.25% on $162,000 remaining. I've looked around and found Penfed and got quoted a rate 4.40% 12 year fixed rate, or a 4.55% 15 year rate. Are those interest rates significant enough to ask sofi to renegotiate my terms on interest? [link] [comments]  |
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