Med Student Financial Loan Predicament Student Loans |
- Med Student Financial Loan Predicament
- Loan/Grant for studying abroad?
- In need of additional financing
- I didn't know I was already in my grace period even though I'm still in school.
- Advice for Graduate Study
- Advice?
- Help! My account being moved to Fedloan by the department of education
- Is it possible to refinance US Federal Student Loans while Living Abroad?
- Refinanced Student Loan Tax Question
- Repayment Issue For National Student Loans NSLSC (Canada)
- Repayment Issue For National Student Loans NSLSC (Canada)
- Central Research debt collection
| Med Student Financial Loan Predicament Posted: 03 Nov 2020 07:41 AM PST Hi all. I'm sure this will be a redundant in essence, so I appreciate you stopping to read. It gets a bit personal, so I'm sorry if this ultimately isn't the place for this post--please redirect me if so. I'm a 2nd year med student in the US (US citizen), and I'm straight struggling with what to do regarding loans and affording school. My parents have been out of the picture since high school, so I worked multiple jobs all throughout undergrad (and grad school). My whole applying to med school experience was crap. I ended up applying multiple times to med school ( I cant work 80 hours and study at the same time, go figure) and for my last round of applying, I saved up money before quitting work to just solely focus on studying. Long story shorter, I depleted my savings account and opened up a credit card and "lived off" that since I didn't have any other financial backup (including extended family) and consequently accrued ~6k in credit card debt. I got to med school and am academically thriving, which makes the sacrifices less burdensome. I received some scholarship for med school which is also great, but my institution isn't permitted give me extra funds to help pay my debts. And to add to the financial crap, COVID hit right at the end of our semester and there was an emergency that occurred which now I have to go back and take from this-semesters residual funds and pay for, depleting the money I have available to get me through the fall semester. I'm in a vicious cycle of constantly having to pay for my past debts. I'm tearing up writing this because I don't know what to do and I don't know how I'm going to get through the end of the year and handle the spring. Spring is the biggest time in my life with Step 1, and im very stressed about affording it. I'm not permitted to work and study, I literally dont think I could with Step 1 coming up next year, and I really *really* dont want to look into sugaring. I'd rather jump off a bridge than resort to sugaring. I know of other students who do this, but I personally can't. The cherry on top is that, I'm also trying to eat only 1 meal a day to save money for rent and bills and had to go into the student clinic for routine labs and I'm "MaLnOuRiShEd" with a dash of telogen effluvium. Yay. I don't have enough money to get me through to next month let alone until January 12th or something when they give us our spring semester disbursement. In conversation of options with my financial aid office folks they quite literally teased/laughed at me for being in the situation I'm in. I have no one who can be a cosigner(yes, even extended family. It's quite literally just me.) and I have a bad credit score. I told myself the financial stress would be worth it pre-med school bc I'll be doing what I love, but F-this. This really sucks and currently is NOT worth the sacrifices. Sorry to ramble but I feel hopeless. So. Before I drop out of med school because I can't afford it, does anyone have any loan suggestions for someone in my situation? (Yes I'm making sure all my extraneous finances are at their upmost minimum, and yes I am and have been applying to scholarships/fellowships). TL;DR med student with credit card debt, not enough funds for the semester, a tad hungry, bad credit, no cosigners, what loans are available for someone in my situation? edit: Thank you so much to everyone who replied. I've made note of every suggestion and intend to hopefully tease out some solutions after a final this week. [link] [comments]  |
| Loan/Grant for studying abroad? Posted: 03 Nov 2020 02:51 PM PST Hey yall I am a sophomore studying in London, and after learning that it is almost impossible to get any financial support here if you're not from the E.U, I am looking back to American sites and banks, wondering if anyone knows 1 that do international student schemes? [link] [comments]  |
| In need of additional financing Posted: 03 Nov 2020 01:19 PM PST Good afternoon everyone, I took a summer session this year to try and fast track myself through undergrad, but what I didn't know at the time is that my military funding was all out for the fiscal year. I need to pay off the summer session so that I can register for next semester's classes, but I have been searching for awhile and have had no luck. I don't really have anyone in my life that can cosign for me, and my credit score is just slightly too low to be able to get a loan from many of the places that I've tried without needing a cosigner. Maybe there are some grade based loans out there or something? I have a 3.92 GPA so that would be pretty nice if something like that did exist. Please post anything you know about. Thank you so much, I greatly appreciate any help given! Enjoy y'alls day! [link] [comments]  |
| I didn't know I was already in my grace period even though I'm still in school. Posted: 03 Nov 2020 10:50 AM PST I received an email the yesterday from my loan servicer (EdFinancial) that my grace period is ending on December 31st, although I didn't know that I already was in my grace period as I'm still in school. For background information, I failed out of the ADN program in the Spring 2020 semester after my second attempt, of which I used financial aid for the first time. Afterwards, I changed my major to the LPN program which I'm currently in. I indicated the change in my FAFSA by selecting the certificate option instead of the associate's degree. How did this happen? Was I supposed to notify my loan servicer? Will this put me in legal trouble? [link] [comments]  |
| Posted: 03 Nov 2020 02:15 PM PST I found a one year program that is advertised as a master's program, but found out after applying that it's funded at a continuing education level meaning that I can't get grants for it. I'm checking with the program to make certain that it's an actual masters degree, but there's no information listed on their website about it other than it being an 'MA', which I'm assuming is an actual degree program. Due to how the university handles things, that would mean that I would take the 20,500 in unsub loans then take grad+ loans for the remainder (30k more). Should I go ahead with this program, considering that I already have 40k in undergrad loans (totaling me to have 90k in total)? [link] [comments]  |
| Posted: 03 Nov 2020 08:23 AM PST I am 22 years old and I've been accepted to a nursing program at a CC. The program is full time and I will not be able to work anymore. I don't qualify for financial aid. The program is 2 years and totals to about $7,500 total. I need to take out loans for both the program and my living expenses (which totals to about $10k a semester.) I plan to work part time when I can have an idea on what to expect from the program. Could someone tell me the best way to do this. I'm having issues getting federal loans for some reason but I'm still figuring that out. It could be due to the fact that I have an AA already? If anyone can help in any way I'd appreciate it! [link] [comments]  |
| Help! My account being moved to Fedloan by the department of education Posted: 03 Nov 2020 03:36 PM PST My student loans are being moved to FedLoan from CornerStone. I am not happy as I like my current servicer. What have your experience been? Anything I really need to be aware of? [link] [comments]  |
| Is it possible to refinance US Federal Student Loans while Living Abroad? Posted: 03 Nov 2020 04:10 AM PST I'm considering trying to refinance my federal student loans to a lower interest. I've paid off most of my loans, but I still have a fair bit left and the combined interest rate sits above 6%. Since graduating school, I've moved abroad for work and have a steady stream of income to pay off loans and the near future seems like the best time to consolidate and refinance with a private loan issuer. Due to COVID, interest on the loans has paused and won't resume until at least January 2021. Should I wait until at least then to consider refinancing? Is it possible to refinance with an American loan issuer if I'm living abroad if I can prove my financial situation? Has anyone had a similar experience/ have any recommendations regarding good refinancing options? Any help on this matter would be greatly greatly appreciated, cheers in advance! [link] [comments]  |
| Refinanced Student Loan Tax Question Posted: 03 Nov 2020 09:03 AM PST Earlier this year, I refinanced three separate private student loans that I took out while in school to lower the average interest rate from ~8% to ~5% APR. While I was in school, the original loans accrued thousands of dollars in interest, but I refinanced before I made any payments towards them. I understand that there is a tax deduction for interest paid to student loans, but I do not know how exactly the interest paid is calculated. Does anyone know if I am able to deduct interest paid from the original loans interest accrual, or only interest accrued after the loans were refinanced? Would my refi company have the interest information from the original loans and use that to calculate interest paid on the 1098-E? Any help is much appreciated. [link] [comments]  |
| Repayment Issue For National Student Loans NSLSC (Canada) Posted: 03 Nov 2020 07:56 AM PST So repayments to the NSLSC restarted on Oct. 31. To people having to reimburse them through preauthorized payments, you probably receive a notice on your account saying that the payment for October was past due because the last day of the month was on a weekend day. I wonder if that can affect my credit rating? Because it's not my fault but the NSLSC. If so, what can I do to reverse this? Anyone knows? [link] [comments]  |
| Repayment Issue For National Student Loans NSLSC (Canada) Posted: 03 Nov 2020 07:55 AM PST So repayments to the NSLSC restarted on Oct. 31. To people having to reimburse them through preauthorized payments, you probably receive a notice on your account saying that the payment for October was past due because the last day of the month was on a weekend day. I wonder if that can affect my credit rating? Because it's not my fault but the NSLSC. If so, what can I do to reverse this? Anyone knows? [link] [comments]  |
| Central Research debt collection Posted: 03 Nov 2020 04:55 AM PST After graduating in 2012 I was not financially stable and I made an incredibly stupid mistake of not pay my student loans and they defaulted. Back in 2018, I received word that Central Research is now collecting the debt, and being financially stable for the first time in my life I immediately went into a payment plan with them. Now they have no online payment methods for me to even track my payments and how it's being applied to my defaulted loans, and these payments don't actually take the loan statuses out of default. I haven't received any correspondence or "bills" since the pandemic started due to student loans being frozen for the last 6+ months. I did not want to opt out of payments but they did so anyways. It has me thinking, there has to be a better way and a better company to handle my loans, even if they were in poor standing. Has anyone with prior interactions with Central Research found a way to migrate their debt to another provider or collector? [link] [comments]  |
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