Just paid off last $2k but now feeling dumb with the potential of loan forgiveness Student Loans |
- Just paid off last $2k but now feeling dumb with the potential of loan forgiveness
- Peoples thoughts on investing vs paying off loans?
- Default
- Issue with SL payoff
- 9,500 left private 50k federal
- Can’t get any approvals to refinance student loans. Any tips?
- Citibank loan in weird place?
- What are my options for a $3.5k loan within a week?
- Mechanical engineer graduate with 40k in debt
- Nurses who did an ABSN program how long did it take to pay your loans?
- Parent plus loan limit?
- I am disabled, do student loans affect my SSDI and medicaid?
- calls from navient?
- Low income parent needs to borrow 10k for college student. Bank loan or Parent Plus Loan?
- Sallie Mae - Consolidation of multiple private loans with a large overall balance
- NSLSC Paying Student Loans in Full
- Unsubsidized Loans for Grad School
- Citizens Bank Refinance?
- Forgiveness as of 12/28?
- IBR Med School Loans
- Capella and borrowers defense?
- Question, Please Help!
- Best Loan Consolidation Company?
| Just paid off last $2k but now feeling dumb with the potential of loan forgiveness Posted: 31 Dec 2020 02:26 PM PST I just paid off the last $2000 of my final student loan a couple of hours ago. Now I'm mildly regretting it when a friend mentioned student loan forgiveness. I have basically been shrugging off this possibility as it has been dangled in front of our faces for so long and voted down every time. But then I started reading up on it and that Biden supports forgiveness of loans and now I'm like.....why did I pay that? Should I see if I can get my payment cancelled to see if forgiveness happens or just let it ride? EDIT: Thank you for the reinforcement! And the congratulations!! I feel better now with my decision and will be celebrating extra tonight knowing I don't have to carry this debt into the new year! [link] [comments]  |
| Peoples thoughts on investing vs paying off loans? Posted: 31 Dec 2020 02:34 AM PST I've always been frustrated that my friends without loans could start building wealth almost immediately... especially because investing young is the best time to do it. I keep reading all these amazing stories of people paying off their loans fully, and I want that sense of freedom but I also want to think about my future/building wealth. Has anyone chosen to put extra cash in investments instead of throwing it at a loan (or vice versa)? If so, are you happy with your choice? [link] [comments]  |
| Posted: 31 Dec 2020 11:44 PM PST I failed to make my student loan payments that caused my loan to go into default, They took my taxes and after a few years my loan was paid, but the president gave the money that was taken back. With all that is going on it was it was helpful but it put me back in default, it interfered with me going back to school, I can't afford to make the payments now. I've been wanting to go back to school for years now. I've been told I can't anymore loans for qualify for financial aide while I'm in default. I feel stuck and don't know what to do next. [link] [comments]  |
| Posted: 31 Dec 2020 07:26 PM PST Hello, Has anyone had an issue where you paid the payoff amount in your loan then the next day the funds are back in you bank account? I've had this issue twice with Sallie Mae where I paid off the loan then a few days later, the funds are back in my bank and the balance is back on the loan. I paid Sallie Mae again yesterday and today, the funds are back in my bank. First time it happened was a few months back. I didn't really care that it happened since I was able to strategize a little better. Also, I didn't exceed the limit on my account. Has anyone else had this issue? Do they not want me to payoff my loan? Lol Happy new year everyone! [link] [comments]  |
| 9,500 left private 50k federal Posted: 31 Dec 2020 10:36 PM PST Started at 60k private and 52k fed. Been paying down the private loan heavily and min paying the government back. I should be done paying off the private in February after I get my tax refund as I'm trying to get to 5k then will make a final payment... I'm on the 20 year plan with the fed loan. Should I keep doing that while using the extra money to invest and save or should I try and attack that the same way. I'm 27 and would like to move out of the parents house soon haha. Can't wait to be done. [link] [comments]  |
| Can’t get any approvals to refinance student loans. Any tips? Posted: 31 Dec 2020 10:27 PM PST Happy New Year everyone! So I earned my graduate degree 3 years ago. I have $41,000 left on my student loan with Sallie Mae and $22,000 with discover. My Sallie Mae interest rate is 11.75% and is a fixed rate. My discover interest rate is currently 7.75% and is a variable rate. I also have $203,000 in federal loans but I currently work for a government agency and plan to do PSLF (currently have 26/120 qualifying payments made). I recently tried to refinance using Credible, SoFi, and Earnest to save on interest but I didn't receive any offer. I make about $95,000/year but in 2020 i believe I reached 6 figures, and I have a 768 credit score so I don't understand why I'm not getting any pre-approvals. Ive never missed a student loan payment and i even overpay by hundreds of dollars each month. I still live with my parents so I'm not paying any rent or mortgage. I also have a $30,000 car loan. Maybe it's my debt to income ratio? I don't have anyone who can co-sign. Am I stuck with my nearly 12% interest rate? Any tips? [link] [comments]  |
| Posted: 31 Dec 2020 02:40 PM PST Hello! I took out a Citibank student loan probably 11 years ago? About 9 years ago I defaulted and it was sent to collections. Ever since then I've been making regular payments to Capital Services (a collection agency). Each month the default was reported on my credit report until one month it wasn't there and my credit score went way up. After calling capita services it seems that citi had pulled my loans from them several months ago and my husband didn't notice that the payments were no longer coming out of his account. So begins the phone game I played with citi who couldn't find my account because they no longer have a student loans program. Finally, something called CitiHoldingsNAMInfoServicing found my account and are technically the ones who own it now. They said there is no loan repayment plan or interest and that I just pay it back at "my discretion until it's paid off, charged off, or sold." I'm so confused by this! So I just pay what I want, when I want to this new area of Citibank? Should I wait for all of the settlements to get sorted out? Any advice is appreciated! Thanks! [link] [comments]  |
| What are my options for a $3.5k loan within a week? Posted: 31 Dec 2020 08:34 PM PST This past summer, I left home under a police escort because my friends had called 911 on my parents. My parents have been physically abusive for 19 years and they had made a death threat that night, so I decided I had to leave no matter what. I really need to attend school next semester so I can get an internship this summer and graduate in the fall, but after I maxed out the federal loans provided by my school, I still have $3.5k left to figure out. My parents had emailed me after I left home that they'd still pay my tuition, but just now notified me (of course, 2 weeks before tuition is due) that they don't want to anymore. I'm barely making rent and only have about $300 in savings so there's no way I can pay that much in time. I've asked my friends for advice and they said 2 weeks is too short to apply for any other student loans that they know of. Any insight at all would really be appreciated, I have no family to loan from and my school's financial aid office said they can't be of help. Even if only high-interest loan providers are still available, I would be grateful for the info. [link] [comments]  |
| Mechanical engineer graduate with 40k in debt Posted: 31 Dec 2020 11:38 AM PST Hi, I've recently graduated with a bachelors in mechanical engineering. I have 15 total federal loans totaling to around 40k, 7 subsidized and 8 unsub all at different interest rates. I currently have no job lined up, but interviewed for a position back in December and waiting to hear back(I'm crossing my fingers). They said they give favor to people who've interned at the company before so I'm maintaining optimism. I was wondering if there were any other engineering grads in similar situations in terms of debt amount? Also which loans should I attack first? I've accrued around $1,500 in interest on unsub loans alone while in college. Will these accrue interest even with the grace period? Any advice would be greatly appreciated. My salary based on projections would prolly be in the $50,000-$70,000 range. [link] [comments]  |
| Nurses who did an ABSN program how long did it take to pay your loans? Posted: 31 Dec 2020 07:40 PM PST How long did it take? Whats your plan? How much do you pay a month?Starting an absn program, and I'm planning ahead how I should pay and If i should move back to my parents house after graduating to save more money and make more payments. [link] [comments]  |
| Posted: 31 Dec 2020 07:17 AM PST Hi, I've googled this a bunch of times but I'm nervous I am reading it wrong. I've been in school 5 years because I changed my majors a couple times. I have 3 semesters left. I've used up all of my loans. Is there a limit on the amount of parent plus loans that could be used? My parents get approved but I'm nervous there is some sort of lifetime limit that I'm going to get past. Should I be okay? I'm nervous I'm going to get to my last semester and not have anyway to pay for school. Thanks! [link] [comments]  |
| I am disabled, do student loans affect my SSDI and medicaid? Posted: 31 Dec 2020 11:23 AM PST I am planning on taking out student loans and I am permanently disabled. For some messed up reason there is a cap on how much money I can have in the bank which is 2k to be eligible for SSDI and Medicare. My social worker is looking into this but I was wondering if anyone had any insight into this situation? [link] [comments]  |
| Posted: 31 Dec 2020 11:18 AM PST i started getting calls from them yesterday morning. i haven't been picking up the phone because i didn't even know what they were. looked them up to find they apparently handle student loans. thing is, i don't have any. i haven't gone to collage yet since i'm finishing up highschool. i hate phone calls so i haven't answered, just wondering if anyone else is dealing with this? they called me twice yesterday, and four times so far today. [link] [comments]  |
| Low income parent needs to borrow 10k for college student. Bank loan or Parent Plus Loan? Posted: 31 Dec 2020 10:26 AM PST I promised my daughter I would give her 10k for school. I only make about 40k. Where would be the best place to get a loan? Only debt I have is my mortgage and my credit score is 760. Thanks in advance. [link] [comments]  |
| Sallie Mae - Consolidation of multiple private loans with a large overall balance Posted: 31 Dec 2020 10:25 AM PST My college career spans 7 years, including undergraduate and a 3-year doctorate (medical field). Unfortunately I had to resort to using private loans from Sallie Mae on top of my federal loans. My SM balance is currently $139,000 and some change spread across 11 loans at a 8 – 9.5% rate. My monthly payment is around $1500/month which is just completely unsustainable. I make $63k/year right now, which fortunately allows me to make the payments but I have basically nothing left over for saving, emergencies, or starting my life. I've taken advantage of SM's "graduated repayment program," which offers interest-only payments and drops my monthly payment to around $1100, which helps but I'm not paying on the principle so I'm not getting anywhere. The interest rates are killing me. I've checked out credible and some other sites but haven't taken the plunge and submitted a formal application anywhere yet. My credit score is in the 690s right now and I'm trying to get it as high as I can before applying. I don't want to use a cosigner if possible because I don't want to put that burden on anyone (all of my student loans currently have cosigners). I'm looking for anyone who has experience getting high loan balances reconsolidated with a third party and any recommendations for lenders, banks, etc. My goal ideally is a single loan with a lower overall interest rate that I can pay off easier and not get punished by interest. Thank you in advance. [link] [comments]  |
| NSLSC Paying Student Loans in Full Posted: 31 Dec 2020 11:38 AM PST Hi everyone, I would really appreciate some advice as to whether I should pay off my student loans in full or with the monthly repayment schedule. I am not very familiar with the process but I currently have about $46,000 in loans, however, as I have only been using the grant portion of my loans and saving up from work, I would technically be able to pay back the entire sum in a single payment. I was wondering if there are any disadvantages to this? I don't see any cause for concern given that if I were to apply for the repayment plan, I would also accrue interest which is worse compared to the single payment... For context, I am hoping to apply for medical or graduate school in the future, so I am not sure if repaying the loans would make me ineligible to apply for further assistance. Any advice from people who have been in the same situation would be greatly appreciated. Thank you. [link] [comments]  |
| Unsubsidized Loans for Grad School Posted: 31 Dec 2020 02:57 PM PST My situation is a little complex. I will soon become a U.S. permanent resident and I plan on attending PA school in 2 years. I'm currently unable to work, but my wife is a nurse (makes around 60k annually) and she will probably be my cosigner. My questions are:
p.s. we both have a high credit score. I don't know much about student loans so excuse my ignorance. [link] [comments]  |
| Posted: 31 Dec 2020 11:04 AM PST I graduated Spring 2020 and my private loans are now in payment. Ranging between 10-13% at 10 years, I want to refinance these as soon as possible. I am not touching my federal at this time, this is purely a private loan refinance and not a consolidation. I have received a couple offers in the mail, mainly from Citizens Bank and Splash. I checked my preliminary offers through Citizens (the highest rate was 5% at 20 years) but not the latter yet. I also checked Sofi and Earnest but neither could offer me rates at this time. I have not done a hard credit pull yet. I think I would like to go with Citizens, but can't find any information online about whether they are good or not. If I open an account at the bank I would receive a .25% decrease and another .25% if I set up autopay from any account. Plus there is an offer for a $500 Amazon gift card for accepting the loan, so hey. Anyway, thoughts and suggestions? My main goal is to lower my payment right now as I am working, but not in my desired field yet. I will begin looking for a job during the first part of the year. [link] [comments]  |
| Posted: 31 Dec 2020 02:18 PM PST Hi all, I have a friend who received a letter from her student loans servicer (Great Lakes) that says all or part of her direct federal loans have been forgiven. She had ~$1.5k forgiven. She didn't get an email about it and is unable to log in to her Great Lakes account to verify. The letter she received seems legitimate, and she said it looks identical to previous letters she's received from GreatLakes. Has anyone else received anything similar? Thanks! [link] [comments]  |
| Posted: 31 Dec 2020 09:02 AM PST Hello everyone, first post here. I am a 4th year medical student entering my last semester of school and just had a quick question about IBR. I was planning on doing REPAYE during my 3 years of residency and then switching to private refinancing when I become a full attending physician and my income spikes. I wanted to know if it was possible to start REPAYE prior to graduating (after the student loan interest freeze expires in January)? I filed my taxes for 2019 with a $0 income in order to get the stimulus checks and therefore I believe I won't have to make payments if I started REPAYE now while it still subsidizes some of my monthly interest. Is this possible and secondly would it be a smart idea? TIA! [link] [comments]  |
| Capella and borrowers defense? Posted: 31 Dec 2020 08:36 AM PST So I was dumb last year and fell for Capella's sales pitch. I was thinking it'd be like WGU and I could breeze through the rest of my degree since I only need about 40 credits for my bachelor's. I was wrong. I failed my first assignment with a 65 and wasn't allowed to take the low grade. Their classes are extremely difficult to pass and I think they're designed to make you fail. I had to address very specific IT history topics and did, but apparently they weren't long enough. My first assignment was a 5 page paper and this was for a 2000-level course. I have a 3.2 GPA so I'm not slacking. I immediately withdrew during their grace period, but my advisor didn't respond or process my withdrawal until the following Monday. I was then billed $2500. The debt was sold to a third-party bill collector and I've tried getting it removed by Lexington Law with no success. This would be considered a private loan, I guess, but doesn't show up in my student loans anywhere. I've seen several class actions filed against Capella but don't know if I'd qualify or qualify for the borrowers defense or any other loan forgiveness. I'm now a CSU Global student and would definitely recommend them or WGU if you are trying to just finish your degree. I plan on a better quality university for grad school (Harvard Extension) so my online degree doesn't really matter. [link] [comments]  |
| Posted: 31 Dec 2020 06:13 AM PST Question: My student loans (7) are with Navient. I had 1 late payment a year and a half ago. So it shows on my report I was late on 7 accounts. If I have the loans consolidated will the late payments no longer show on my credit report? [link] [comments]  |
| Best Loan Consolidation Company? Posted: 31 Dec 2020 11:08 AM PST Hi, I'm looking to consolidate all of my federal loans into a single loan consolidation. My goal is to extend the term of the loan to 20 or 30 years so my payments are accordingly low per month. I have $140K of loans to consolidate, and a healthy income. Who should I consider applying to? Thanks in advance for your help. [link] [comments]  |
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