~50k plus interest gone! Joining the “Paid Off” club! Student Loans |
- ~50k plus interest gone! Joining the “Paid Off” club!
- I'm over my head in over $100k debt from Sallie mae
- I will owe Sallie Mae $86,795.31. I’m not even done with school. I don’t even know what to do.
- Biden Administration Borrowers Defense Discussion
- I created a Discord like website just for WSB
- Student loan or Car loan?
- Settle or Pay in Full?
- FFEL or not?
- IRS Took 2019 Refund for Student Loans
- gap semester- student loans??? im so lost doing this alone for the first time
- Since I'm looking to transfer, I will essentially end to get an apartment
- Consolidation with over $200,000 in loans?
- PAYE Question
- Phantom student loan payment
- $229k...yikes
- What happens if I no longer qualify for a partial financial hardship at about 8.5 years into IBR and PSLF?
- Why don't I qualify for CARES with Nelnet??
- PSLF and jobs
- Best way for someone else to pay off my loans?
- If I applied for FAFSA this year when I was unemployed and qualify but decide to work a full time job for a bit, will that cancel my FAFSA? Thank you
- National Insurance Number UK
- How to go about paying off American student loans in Europe?
- Best companies to refinance student loans?
| ~50k plus interest gone! Joining the “Paid Off” club! Posted: 27 Jan 2021 04:50 PM PST I've seen so many people pay off their loans over my time being subscribed to this sub and I can finally say I'm one of them!!! Just made my final payment. My hubby and I paid off both our student loans this year! Almost 50k in total! Graduated in 2013 with BS in BioSci, hubby graduated same year with a BS Mech E. Ended with just about 50k in federal student loans (plus I think about 6k in university loans) between the two of us. The university loan I paid off very quick because of higher interest rate and paid the minimum on my fed loans. At the time I had intention of using PSLF with my military service. Ended up separating after my contract was up, but continued paying just the minimum on both loans. I went back to school in 2018 and got my masters as a Physician Assistant. It was around that time we started using our big cash flows for student loans. Before then we were saving for a wedding and a house, but with both of those behind us we decided to use bonus checks and tax refunds to finally pay off these loans. I ended you singing GI Bill to pay for my masters, so no additional debt there. We paid off hubby's loans this past spring. I graduated in May and landed my first PA job in October and since hubby and I have gotten by on his salary for the past 2.5 years we decided to extend it a few months longer to pay down the 24k that was left on my student loans. I'm so glad it's over! We definitely didn't take the best road to paying off our loans but I we wanted to live our lives too. I'm grateful now to be in a position to start saving for my nonexistent children's education and hopefully keep them from every feeling buried under debt for wanting to go to school. Best of luck to everyone out there working on that grind! Keep chipping away :) [link] [comments]  |
| I'm over my head in over $100k debt from Sallie mae Posted: 27 Jan 2021 07:58 PM PST I have about $100k debt from Sallie mae, I'm on the lowest repayment program possible. But it's still over 50% of my annual income that I pay to them. I'm not sure what is a good option for me to repay it. I graduated 4 years ago and on top of paying my student loan and car loan I'm so screwed for money. I want to eventually move out of my fathers house one day. Is my only option "get a better paying job"? [link] [comments]  |
| I will owe Sallie Mae $86,795.31. I’m not even done with school. I don’t even know what to do. Posted: 27 Jan 2021 08:57 PM PST I have federal loans as well. I'm still in undergrad since 2014. I changed my major like 4 times because I was sent to college out of high school without knowing anything about what I wanted to do. Im a public history major. Im going to be working in an archive or a museum. How the hell will I ever pay this off? The only thing keeping me here is that my mom would be sad. How is life going to be enjoyable at all? It doesn't even feel worth it this point. I'm 24 and I'm going to be crushed by this debt for the rest of my life and Sallie Mae will never give a shit. [link] [comments]  |
| Biden Administration Borrowers Defense Discussion Posted: 28 Jan 2021 02:13 AM PST I noticed there are no updated threads discussing borrowers defense under Biden. Will he be as supportive of students as Obama was? I submitted a claim under the Trump administration that recievrd a generic denied letter after 1 year. That was in fall of 2019. Because of ligiation, my loans were placed on administrative forbearance. Rather than appeal under Trump, I waited and submitted a new claim under Biden last week. I did this mainly because I wanted to rework my case language and its not clear if the administration will give improperly denied cases new consideration. Has anyone received any response to their case yet under the Biden admin? The fact that he left any loan forgiveness out of the next stimulus concerns me that he will not be as kind to defrauded students as Obama was. What do you think? Is Biden our white knight or just another cog in the oligarchy machine? [link] [comments]  |
| I created a Discord like website just for WSB Posted: 28 Jan 2021 01:40 AM PST Spent the night making this because people were asking for a Discord alternative. It's the best I could get done just in time for tomorrow's shit show and I'm hoping it helps. It'll be up 24/7. Right now there's 2 groups on there but I'm open to changing that. If there's anything you guys want me to add let me know. Will be constantly updating. [link] [comments]  |
| Posted: 27 Jan 2021 12:04 PM PST Hi everyone! I need some advice. I have ~160k in student loans plus $25k loan on a car loan. More details here My original plan was to tackle my student loan with the highest interest with the goal to pay it by the end of the year. Now that student loans are paused..
Or
Thank you for the advice! [link] [comments]  |
| Posted: 27 Jan 2021 08:11 PM PST When i moved away for college my car ended up breaking down; i found that i could get a loan through Sallie Mae which was for $5,000, long story short it's now in collections, i opened it in 2017 ( 3 Yrs 4Months ) the updated Collection says Nov. 2019 i'm assuming when it was sent to collections , it's now sitting at a little over 6k I've been negotiating other accounts i had in collections. i know i fell in a hole and it was ugly.
now the last on my collections is this Sallie Mae i should've settled it first but the numbers just made my anxiety ignore it, stupid i'm sure. BTW it's with EOS CCA, I called today & of course the lady says "Yes we can send a letter proving the debt is yours & we own it" & i gave them my updated address. As soon as she confirmed the mail will be sent i asked " What will you guys take as a settlement " of course she didn't mention it at all haha. after a few seconds of scrambling she notified me they would take 70% which is around $4k. my questions: If i don't pay in full will it effect me vs. paying in full? if settlement is okay should i keep attacking for a lower price? regardless i'll be able to pay the total amount when i find the best choice i've had a secured card ($500 limit low utilization) for 1 year & 2 months perfect payments. credit is at Transunion: 553 Equifax: 578 i'm back home now helping as a caretaker for my grandmother so i'm not paying rent or any payments at all. i want to buy a 4-plex in the near future & live in it. FHA to Conventional. my parents are both retired w/ pensions dad still works ( he alone brings in over $9k a month) & okay-ish credit. thanks in advance ! [link] [comments]  |
| Posted: 27 Jan 2021 08:00 PM PST I have several loans, some are considered "commercial". I have and would never have accepted a private loan. On ED site, they are mostly FFEL or Direct. The FFEL loans show 0% interest rate. The Direct loans show the applicable interest rate. AES has been calling for payment, but on ED site, my interest is 0 and not due. I was going to consolidate the due FFEL into direct to get into the cares act percentage, but I have no idea which loans are actually " commercial", and want to dispute them because I never signed for anything other than direct sub and unsub loans. I also do not trust these companies, as I have made direct payments that were not distributed as I asked, and it took months to straighten it out. Who do I ask about this? [link] [comments]  |
| IRS Took 2019 Refund for Student Loans Posted: 27 Jan 2021 05:46 PM PST My wife and I have student loans. Mine have been up to date on paid, but my wife's student loans were behind. They took over $5000 to pay for these student loans in my 2019 refund. I attempted to look at the positive for this and said that it went to pay off some of her debt. Well today I asked her to look to see where that money went and we can't find anywhere where it shows that it went to pay towards anything. Is there a way to find out where this money went? [link] [comments]  |
| gap semester- student loans??? im so lost doing this alone for the first time Posted: 27 Jan 2021 02:50 PM PST so im taking a gap semester due to personal reasons and returning the next semester. i have no idea how this repayment of loans work? lets pretend I'm sitting in 5k mostly unsubsidized loans... what even happens to that? I'm hearing about the 6month grace period on my loans(does that start once the semester I'm taking off is starting? or when I notified my leave of absence?) And what exactly happens when I go back to school? will I be swarmed with repayments dues? What are things I should be wary of and things I should be checking on? As you can tell i am going insane bc my financial advisor is still out of office sldkfjha [link] [comments]  |
| Since I'm looking to transfer, I will essentially end to get an apartment Posted: 27 Jan 2021 09:20 PM PST For those who have done off-campus housing, did you have to pay out of pocket for the apartment, or have some of you been able to put it on student loans throughout the years? Can someone explain the process for this type of loan? [link] [comments]  |
| Consolidation with over $200,000 in loans? Posted: 27 Jan 2021 05:16 PM PST So i have about $200,000 in student debt (mostly private) and was curious if anyone could recommend a place to refinance all of it too so I would at least have it all in one spot and a place that is a bit more understanding with a monthly amount (seems hopeful but figured it can't hurt to get some advice). [link] [comments]  |
| Posted: 27 Jan 2021 08:50 PM PST Hi all. This year is the year that my loans finally come due for payments to begin. I have right at 150k (undergrad, two failed grad school attempts, and one successful grad school) in loans. Since loan payments are deferred until at least September, I decided to go ahead and start the consolidation process for all my loans - they are all federal. In reviewing options, my husband and I have opted to file our taxes as married filing separately so that I can qualify for the PAYE option for the lesser monthly payment. The reason for this is because we want to purchase another house soon, so a lesser monthly payment helps tremendously on that considering the amount of my loans. My question is: will they take our 2019 taxes in consideration (we filed joint) or will they take this most recent tax filing? We just filed today separately so it may get done before the consolidation process is completed. If they do take the 2019, will I be able to use my 2020 return once it processes to do the PAYE? I imagine if they do the 2019 it will obviously knock me out of initially qualifying for PAYE. Thank you in advance! [link] [comments]  |
| Posted: 27 Jan 2021 08:37 PM PST A couple years ago I received a sort of "phantom" payment on my private student loan. It wasn't enough to make a huge dent but enough for a month or two worth of my minimum payment, and bring me joy during a difficult financial time. Anyone have a similar experience and/or can shed any light to why this would happen? [link] [comments]  |
| Posted: 27 Jan 2021 08:16 PM PST I graduate this may with 229k in student loans. I already have a job lined up where I will be making 90-120k. Can someone help me with a plan/ timetable on how to get this paid off? It's super stressful having this hanging over me every day. [link] [comments]  |
| Posted: 27 Jan 2021 06:02 PM PST I may have a significant income increase this coming year that could put me out of qualifying for a partial financial hardship. I understand my payment will increase but am unclear exactly how much. For example, will it go up to what it would have been over these past 8.5 years, or will interest capitalize and then the payment will be based on that amount? Moreover, will that balance be divided by only the remaining 1.5 years? I see that standard repayment plans qualify for PSLF based on what I'm reading. However, I think my concerns are that I don't want to get into an increased income situation that will only make me have to pay my loans in full in a very short Time when I am this close to PSLF. It seems that would negate much of the increased income. Additionally, this may only be a single year increase in income, then I may go back to my current salary where I now qualify for hardship. I spoke to a fedloan representative today who just kept answering my questions with "you can never get kicked out of an income based plan" and "just choose the program with the lowest payment" without much elaboration why. It just seemed too simplistic a solution for me and I wondered if they were missing something or if I was inadequately explaining my situation. [link] [comments]  |
| Why don't I qualify for CARES with Nelnet?? Posted: 27 Jan 2021 05:53 PM PST I realize that my student loan just delayed payments but kept interesting stacking up. I got a federal loan from the FAFSA form a while back - there was only one option. I couldn't choose whoever the dept of education assigned. However, I was assigned Nelnet. They're saying it's NOT technically a dept of education loan, but a direct (private?? Not sure what this means) loan. They said accounts that begin with the letter E are eligible, as if that has any external meaning to me. What the heck is going on? The entire reason I got a federal loan is to get the benefits. Feels like it was subcontracted to some ghetto company that uses technical terms to evade CARES? I got loans from 2010 to 2013 in USA. Could use some insight - having trouble finding more info. [link] [comments]  |
| Posted: 27 Jan 2021 05:44 PM PST Has anyone who started on the PSLF track working for a nonprofit been offered a higher paying job that is not a nonprofit, thus changing your plans for loan payback? Why or why did you not take the higher paying job? Anything helps. For some backstory: I'm currently 2 years into PSLF. I make 41k before taxes as a mental health counselor for a nonprofit. I've currently been entertaining the possibility of transitioning to a private practice that would pay closer to 70-80k before taxes, fees for the business, etc. I honestly have no idea what to do. I feel stuck and prisoner to my loans. I'm not unhappy at my current job by any means, but I certainly do not have the financial freedom I would prefer. I'm scared to take a leap, mostly because I feel secure having a plan around my loans (knowing damn well I can never pay them off either my current salary). Please share your honest thoughts, input, anything!! Edit: I have $167k in debt [link] [comments]  |
| Best way for someone else to pay off my loans? Posted: 27 Jan 2021 05:09 PM PST Is it possible for another person to pay my student loan company directly on my behalf or would they have to write me a check and then I pay? I'm just asking because since it is a large amount (40k) and I don't want to be on the hook for taxes. [link] [comments]  |
| Posted: 27 Jan 2021 12:08 PM PST I live with my parents but I think my age now no longer makes a dependent to them. Just some information if that may affect anything. [link] [comments]  |
| Posted: 27 Jan 2021 03:30 PM PST Hey folks, I need some advice and a little bit assistance about how can I obtain an national insurance number in UK England/London as an EU student. I have applied long time ago for student finance and I got the loan,still active nowadays, but I can't find this insurance number and I don't know where to apply or how to apply as EU student. I also plan to work part time and I find out that I need this.(note: I also opened a bank account in uk if this help somehow) So anyone can help me by giving some info about how to get this number. Thx [link] [comments]  |
| How to go about paying off American student loans in Europe? Posted: 27 Jan 2021 07:15 AM PST I've gotten no advice from my actual loan servicer, so I'm coming here instead. I plan on moving to Europe after graduating. The income earned is different than I'd earn here in the US and I have thought about how I'd go about paying off my loans. What solutions are there to working in a foreign country and comfortably paying off the loans? My main concern is not earning enough to pay off my loans comfortably. I have both federal and private loans that I'd need to pay off. Thanks for the help! [link] [comments]  |
| Best companies to refinance student loans? Posted: 27 Jan 2021 02:03 PM PST I currently owe 13k at 10% interest(I was young with no credit score) yeah they got me good. Anyways fast forward 7 years and I have great credit score with high paying job. Who are good companies to refinance with? [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