Student loans paid off. When will my credit report reflect it? Student Loans |
- Student loans paid off. When will my credit report reflect it?
- Today is the day, 100k
- Working full-time and taking 3 classes, all are 200 level. It’s not working out and I’m wondering if I can take out a loan in order to only work part-time.
- Where to go from here. Company suggestions? hight debt and 12% interest.
- Checking Student Loan Interest During COVID?
- Where can I get a decent international student loan/private loan to study in the US or Canada? Any advice from someone who’s taken an international loan and paid it off would be really appreciated.
- Question about my upcoming tuition..
- Student loan debt, disabled, and bankrupt
- I found late payments from 2016 and I was hospitalized during that time. Anyway I can clear them up?
- PAYE Calculator (Married Filing Separately)
- I'm being charged on my loan well before I graduate, after I've explained to the lender I haven't graduated yet. What should I do?
- Private student loans that cover past due balance >1 year old?
- Serious post. Has anyone been brought to court for defaulting their loan?
- Debt Busters
| Student loans paid off. When will my credit report reflect it? Posted: 30 Jan 2021 06:19 PM PST As the title says, I paid off upwards of 90% of my students loans in one go. This was about a month ago. I use Credit Journey by Chase to track my credit and I'm still seeing the entire amount on my credit report. When do I expect to see the updated remaining balance on my report? My provider is Great Lakes. Not sure if I need to do something or just wait until Great Lakes informs the respective credit agencies of the updated balance? Thanks! [link] [comments]  |
| Posted: 30 Jan 2021 03:31 AM PST I've been waiting a long time to make this post, and 10 years to say it, and today's the day. After a surprising windfall at work and after aggressively saving during this past year's forbearance, I have the money to pay off my remaining federal loans, all 50k of them. When I realized it, I cried so hard. I've been underneath this yoke for so long, and there was a period when I felt so hopeless, and that I would never, ever be able to pay them off, and at the time, I was probably right. This was the hardest thing I've ever done. I've felt so much shame for taking the debt on in the first place. I've made dramatic life changes to put myself into a position where it would even be remotely possible to pay off the debt, and finally, I've made it. I have a lot more to say about it specifically and in general, and I've got opinions. But this is not that post. I just want to appreciate this. I made an account just to participate in this subreddit, because I needed practical and emotional support to make this process happen, and I want to thank you all for that support. Especially the mods, who do a lot, and u/betsy514 who just seems to never sleep and always have the answer if there's an answer to be had at all. Here's my original post with some more details. Edit: Thank you to the people commenting that I shouldn't pay it off just yet because of the possibility of some amount of forgiveness and the lack of interest accrual until september- I agree and chose my words carefully... I have the money which means I have a positive net worth which means I'm out from under the loans, which is the relief I'm feeling. I had always intended to make this post when they are balance = 0 but given the circumstances this feels like the right time to celebrate. I am not holding my breath for blanket forgiveness but it would be foolish not to wait and see. [link] [comments]  |
| Posted: 30 Jan 2021 08:04 PM PST Like the title says, I work 40 hours a week and I'm taking three classes, two of which have a lab. I'm drowning in studying and don't have enough time for it all. I applied to a nursing program which, if accepted, I would start this fall. I have already been planning to work part-time in nursing school, but I'm considering biting the bullet and going part time earlier than expected. I'm a week into classes and I'm already noticing I don't have nearly enough time to memorize and study all of this material. As a condition of my financial aid grants, I need to be taking a minimum of 3 classes to receive the funding, so dropping classes is not an option. When considering loans, I'd prefer a federal loan and I definitely qualify for need-based financial assistance. I attend a community college right now and receive Pell grants to pay for school. Have any of you taken out a loan to pay for rent / bills / etc.? How did it affect you? I'm completely new to this and any honest and constructive feedback would be so appreciated! [link] [comments]  |
| Where to go from here. Company suggestions? hight debt and 12% interest. Posted: 31 Jan 2021 03:50 AM PST I'm at a loss here and just looking for some advice. After graduating from high school I did what every kid thought was the next step to financial freedom and went to college without really knowing what I wanted to do next. I followed a journey and some dreams and got a bachelors in graphic design, after a few years of that I wanted to further my education and chased a computer animation degree and now at the ripe age of 28 i'm about $200k in debt. I'm having a tough time securing loan consolidation as the entire movie industry is working out of country and many places like earnest require your income to be in USD. I'm currently working on moving back to the United States as I do believe I have a job offer for about $60k USD and thats better than nothing right now. Does anyone have any suggestions as far as companies that they have worked with or I should look into to refinance some of these loans. $120k of it has a 12% interest (thanks sallie mae) and that's killing me. I'm just feeling a little discouraged after getting a few denial letters and hoping i'll have a few more options to work with now that i'm returning to the USA. The main priority is to refinance the $120k with 12% interest, I have about 15k in savings, a 750 credit score and a pretty lengthy credit history with several accounts closed and 1 credit card thats always paid off at the end of the month. By the end of the year I should have about 50k in savings after some unforeseen circumstances and that brings my next question. Am I better off paying down half the loans and trying to refinance the other $70k? Am I better off paying down $20k and then trying to refinance? and keep the other 30k invested (hoping for a sub 6% interest on loans) ? Am I better off paying off 20k of one loan and refinancing just half of the 120k? .. I just seem to keep getting denied and want to make the most financially smart decision going forward so I can hopefully catch back up on life. [link] [comments]  |
| Checking Student Loan Interest During COVID? Posted: 30 Jan 2021 03:20 PM PST Hey y'all, Just wondering if there is a way to check the annual percentage rates for student federal loans during lockdown? I go on the fed loan websites and all my loans say 0%. Would like to pay towards the higher interest ones while the interest in zero but I'm not sure which one's they are since they all state 0% at the moment. Thanks! [link] [comments]  |
| Posted: 30 Jan 2021 11:56 PM PST |
| Question about my upcoming tuition.. Posted: 30 Jan 2021 09:47 PM PST Hey yall . Currently junior year , never taken out student loans ever cuz I've worked while in school and have easily paid for school!. However, tuition is coming up and I realized I hate paying this straight up and a friend of mine told me to take student loan out and invest that money instead . And when I graduate I have 6 months to pay up with interest free and boom, use that investing money to pay off tuition.. I have decided to take that route, planning on taking out student loan out . And once I graduate (I may go for my masters ).. I have 6 months to pay off interest free until monthly payments start kicking in... My school tuition is usally 5k I have decided to invest that 5k instead and prob might invest that in the stock market or else where. I'll see lol. And then next semester I will add another 5k to invest each semester.. But yeah how does that sound? [link] [comments]  |
| Student loan debt, disabled, and bankrupt Posted: 30 Jan 2021 09:41 PM PST (Please be kind in your replies. I have this debt bc I tried to obtain a degree and build myself a good life despite my illness, but it turned out to be impossible. I did obtain an associate's degree but now I am unable to work and I cannot move forward with $40k student loan debt hanging over my head. ) What are the options for someone who has roughly $40k federal student loan debt, is disabled on Social Security Disability and who has also claimed ch. 7 bankruptcy about 2.5yrs ago? I've read that student loans can be forgiven with a doctor's note stating permanent disability but my doctors seem unwilling. I also read about loan forgiveness after bankruptcy but my lawyer didn't seem to know anything about it. My loans are on income driven repayment plan now and it is difficult to update them every year of my income without landing myself more poor marks on my credit report for when the payment plan lapses. [link] [comments]  |
| I found late payments from 2016 and I was hospitalized during that time. Anyway I can clear them up? Posted: 30 Jan 2021 09:31 PM PST I have a few late payments showing up in my credit report from 2016-17 and I was hospitalized during this time. If I can prove my hospitalization dates can I get the late payments removed? [link] [comments]  |
| PAYE Calculator (Married Filing Separately) Posted: 30 Jan 2021 10:15 AM PST For some ungodly damn reason, I went back to school to become a public defender. No, jk, absolutely love my work. I'd rather be broke af and happy then work at some large corporation. I'm coming up on graduation and trying to calculate my post grad budget. Does anyone know how PAYE is calculated for married filing separately? IE what calculation is used as my "discretionary income." We have one child. Note: I've calculated my tax savings, and regardless which option I use, this is a huge savings compared to filing jointly. If I do married filing separately, do I still use the whole family to calculate my discretionary income (family size three), or do I use just myself (family size one), or, if I claim the child on my taxes, am I family size two. Basically which is used to calculate:
Thanks, all the calculators online show that I use my whole family size, and that just doesn't seem right. But hey, if it saves me $230/mo I'm in. [link] [comments]  |
| Posted: 30 Jan 2021 06:22 PM PST Hello, I'll try to keep this short. So I have a "scholarship loan", and that means I either work as an engineer for every year I used the loan (1.5 years), or I have to repay the loan with interest. It's called MSEE, and it's offered by the Georgia Student Finance Commission. Last August, I decided to take a gap semester since I didn't know how my school would handle COVID. I couldn't take a single engineering class online, so I only did 3 credit hours of online Spanish. I didn't look into the loan rules because I was negligent. One of the terms of the loan is that you have to be enrolled for at least 12 hours every semester or else repayment would start. So then I got a letter in October telling me I had to start repaying soon. I explained to GSFC my situation and they told me to send them a proof of enrollment with my actual graduation date on it. They said by then, I wouldn't be in the repayment period anymore. After I did that, they still sent me those letters. Another phone call later, and apparently my graduation date has to be changed again. But I can't do it until I'm enrolled full time for spring 2021. So now my class registration has been finalized, but now they're sending me actual bills for the loan. I don't get what's up with them. In hindsight, I shouldn't have taken that gap, but I can't take that back now. I will call them on Monday and see why they're forcing me to repay now. But I could use some help with navigating these ruthless bastards. Thanks for reading [link] [comments]  |
| Private student loans that cover past due balance >1 year old? Posted: 30 Jan 2021 01:06 PM PST Hi all, I had health issues that made me leave school after Fall 2019. I'm trying to go back and finish my program this Spring semester. I'm in a tough bind because my health situation and family's financial situation made it that we were never able to pay for the last semester I attended, which has now been over a year ago. Honestly, I didn't know it would feel next-to-impossible to find a private student loan that would cover a past due balance from 1 1/2 years ago, because I've found most have a cutoff date of 1 year. I'm really kicking myself over this situation. Does anyone know of private loans that would cover this past due balance? For additional context, I'm in Massachusetts, am 24 years old, and attend a private university. Thank you! [link] [comments]  |
| Serious post. Has anyone been brought to court for defaulting their loan? Posted: 30 Jan 2021 02:15 PM PST Above question. I know about loan collectors and plummeting your credit score and shite. But what are the chances that you can be brought to court for not paying your loan because you're broke af? Like seriously. And what would be your verdict?! They can't possible put you to jail for being poor right!? [link] [comments]  |
| Posted: 30 Jan 2021 06:29 AM PST If a group of savvy crusading heroes happen to short DFS and SLM simultaneously, would they indirectly achieve what the government has failed to do, and obliterate student debt?????!!!!! Sure I'm not the only one here rejected in attempts to refinance 8% loans. [link] [comments]  |
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