Are Vet School Loans really THAT bad? Student Loans |
- Are Vet School Loans really THAT bad?
- MA student loan borrowers only - FedLoans agrees to settlement with AG's office
- Successfully low-balled a private student loan settlement
- My brother is going to be enrolling at Tufts university next fall. I will be co-signing his student loan. I have very good credit. I need to start making calls to get the best rates for his loan. Who should I be calling or what are the best banks/websites that provide these loans?
- Refi - SOFI MOHELA to Earnest
- Can I take out private loans for housing between semesters
- 54k in student loans, Navient, seeking advice
- Sallie mae (and others?)
- Has anyone run the numbers on Income-Based Repayment on how much you'd have to make in Discretionary Income in order to have it make economic sense?
- Does anyone else have State Loans and are terrified?
- Would paying on suspended student loans improve my credit score?
- Paying off Private Loans - Game plan assistance
- Still Paying During Pandemic Pause?
- I’m in the UK (Scotland)
- 2nd Degree Student Loans to Pay off Existing Student loans
| Are Vet School Loans really THAT bad? Posted: 11 Feb 2021 08:30 PM PST Hi all, I'm a future veterinarian and have been discouraged at how many people are drowning in debt, not being able to buy nice things, and regretting ever going to school in the first place. I'm just looking for success stories I guess. I'm thinking, say someone pays $1,000/mo in student loans, that's $12k a year, and at my current job, new grads start around $120k (I know it varies), which leaves you with $108k...so I'm just wondering why so many vets are struggling financially. I understand salaries can be much lower in certain states, but are there any vets that are well off like in the situation I described? Thanks in advance 🙂 [link] [comments]  |
| MA student loan borrowers only - FedLoans agrees to settlement with AG's office Posted: 11 Feb 2021 07:21 AM PST This will benefit borrowers pursuing PSLF, an IDR or who had a TEACH grant. You do not have to apply for this - if you are eligible you will get something from FedLoans between April and this summer. Here is the relief provided: Public Service Loan Forgiveness: Borrowers will be entitled to an account review to ensure their monthly payments were counted properly for PSLF. The review will also determine "whether PHEAA made misrepresentations to the borrower concerning which repayment plans, loan statuses, or employers qualify for PSLF." Income-Driven Repayment: Borrowers will be entitle to an account review to determine if their income-driven repayment application was delayed more than 30 days, which could have prevented them from making a lower student loan payment and saving money. TEACH Grants: For those teachers impacted, PHEAA will refund any student loan payments and pay off any remaining balance on the student loans. [link] [comments]  |
| Successfully low-balled a private student loan settlement Posted: 11 Feb 2021 10:54 PM PST Some of you may have seen my posts regarding a settlement offer on a private student loan when there is a co-signer involved. I spoke with a lawyer before doing this and he said there shouldn't be an issue. Just to give some background: I have a private student loan through Key bank for about $50,000 with a co-signer. I have been paying on this loan for over 10 years with little reduction in the principal balance. I also recently went through a bankruptcy. I decided to let the loan go into default in order to negotiate a settlement offer. It recently charged-off, and when they called me about the charge-off, I was initially offered a 50% settlement. I responded by saying I'd like to settle the account with a lump-sum payment of 30%. Of course, this offer had to be escalated. But today, I received a call saying the settlement was approved! I asked if my co-signer would be released from liability, and they agreed that would be the case. They are even sending a letter in my co-signer's name saying the loan would be settled. I am so grateful this hell will be over! [link] [comments]  |
| Posted: 11 Feb 2021 02:55 PM PST |
| Posted: 11 Feb 2021 04:47 AM PST About 2.5 weeks ago, I refinanced with Earnest. My payoff check was sent on the 27th of January. I have yet to see it post on my MOHELA account. Has anyone had similar issues or weariness on the whereabouts of a check sent to another servicer when refinancing? Thanks [link] [comments]  |
| Can I take out private loans for housing between semesters Posted: 11 Feb 2021 09:57 AM PST Hello!Unfortunately im in a tough position with no family to rely on and I was wondering if student loans would apply to housing between semesters like over the summer. [link] [comments]  |
| 54k in student loans, Navient, seeking advice Posted: 11 Feb 2021 10:10 AM PST I'll keep my background brief, for much of my 20s/30s I had a unhealthy family/living situation, plus was screwed up mentally. I'm now unscrewing myself. Finances included. COVID aside, I've been trying to figure out how to handle my student loans/take care of them. For a very long time I was on forbearance because after I graduated college, I just couldn't find a well-paying job that I could begin paying them off, plus the whole family/living/mental situation. (I graduated 2006, two years before the recession hit in 2008). When I started to get myself together, I did get a job that I could start paying on the loans some, and I did, but then my mother died and sent me back into a tailspin. Now I'm getting out of it--but I'm still staring at my student loans, which I want to get off my back, but I'm honestly afraid--all the horror stories that it'll be an amount that I can't afford to pay and my budget is already tight as it is. My credit's poor-so no loans, and I just filed a IRP (income repayment plan??) with Navient that I need to mail in extra paperwork for. My loans come up to about 54,213. They're 2 FFELP consolations (honestly just trying to go through the paperwork makes my head spin. And I don't even remember signing up/barely remember agreeing to do this with my mom when I was in college). As I stated before, I just...didn't pay/kept asking for forbearances because I was making minimum wage/just barely above. My situation has improved but let's just say emergencies can set me back a few months recovery time. Would anyone have any advice or am I on the right track with the income repayment plan? My fear is that Navient won't really negotiate with me. The most min payment the lady said I could get was 85 a month but that's still tight. I don't want to default, I don't know if I can even remotely declare bankruptcy, and only the universe knows what Biden's going to do and it probably won't count for private loans. [link] [comments]  |
| Posted: 11 Feb 2021 06:49 PM PST Is sallie mae legit and worth it? My dad is a piece of shit and has not helped me at all with school stuff and i doubt ill be able to get him to sign the parent plus loan. What student loan options are available for a 19 year old with zero income right now. [link] [comments]  |
| Posted: 11 Feb 2021 11:02 AM PST Suppose your Discretionary Income is (for argument's sake) $50,000. And suppose (again, for argument's sake), your student loan debt burden is $500,000. Obviously, it makes sense to do an Income Based Repayment (IBR) program, because however much you pay monthly over 10 years won't end up adding up to $500,000 or more. Is there a resource or website out there that 'runs the numbers' to see if IBR makes economic sense for you? [link] [comments]  |
| Does anyone else have State Loans and are terrified? Posted: 11 Feb 2021 10:47 AM PST I've got state loans and, therefore, my loans are not in the conversation for forgiveness, relief, or PSLF... I am nervous that federal loan forgiveness will drive the housing market through the roof. Anyone else with me? PS - yes I know state loans were stupid and my 17 year old self should have done more research rather than blindly trusting my parents and the loan officers [link] [comments]  |
| Would paying on suspended student loans improve my credit score? Posted: 11 Feb 2021 06:22 AM PST Sorry if this has been asked. I can't figure it out. I have a lot of debt from grad school (55,000 ish), plus a smaller amount from a recent associate's degree (less than 10,000). I have been saving instead of making payments while they are suspended. However, I'll be starting to shop for my first house this late spring/summer, and am looking to raise my credit score if possible. Will it help my credit to make payments while the loan payments are suspended? Or should I save my money until I see if there will be any big changes in loans, debt relief, etc.? Thanks! [link] [comments]  |
| Paying off Private Loans - Game plan assistance Posted: 11 Feb 2021 08:50 AM PST Hello all, Using a throwaway account. I appreciate all the advice I read on this forum. I am reaching out to you guys to see what the best way to tackle my situation is. I currently have $72K in PRIVATE student loan debt, broken out into 6 separate loans. 5 of the loans carry a 5% interest rate, while one of them carries a 4.3% interest rate. I have $3k left in interest payment, with $69k principal. I currently pay $560 a month towards my loans. I am pulling out a $12K Federal loan to put towards my private loans. As soon as the money hits my bank account, I plan to put all $12K towards my private loans, which could effectively eliminate two of my loans with a balance of $6K each in principal. I do have a question here, would a portion of the $12K be forced to go towards my interest balance? If so, is that the smartest way to go about this any way, as interest draws from the principal balance and I would be paying that off in larger chunks after putting a large sum down here? From my understanding, the faster I knock out the principal amount, the less interest that accumulates which effectively allows me to pay off my student loans faster. For those asking why I am pulling out a Federal loan to pay off some of my private loans; I am doing this because of the possibility that Biden will forgive some of that balance (hoping at least $10K). I also would not have to start paying off the Federal Loan balance until after his freeze is lifted. I am currently in Graduate School, but I have a family member who so graciously is paying for my tuition while I am enrolled. All my private loans were pulled out during my time in undergrad. Any advice is appreciated! [link] [comments]  |
| Still Paying During Pandemic Pause? Posted: 10 Feb 2021 07:57 PM PST I am curious who in the United States is trying to pay down their student debt even though federal loans are currently not collecting and interest is frozen? I am still taking big swings at mine because my salary is good and, with the pandemic, I feel like I could lose that privilege at any time. I may as well do damage to my debt so, down the road, the interest is on a smaller number. My partner, however, isn't paying, and I have had several people say I'm crazy for not taking advantage of this pause. Are you choosing not to pay, even though you probably could? Are you paying as if nothing has changed? Perhaps you're doing something in the middle, like paying a smaller amount? This question is for people with the current means to pay loans. If you've been hit by the pandemic badly and would otherwise be sunk by debt, you are not who I am asking. Be honest about your situation, too; part of my curiosity is whether people who theoretically could budget and make the payments just aren't bothering. [link] [comments]  |
| Posted: 11 Feb 2021 07:13 AM PST Does anyone know a reliable non-scam student loan company that would give funds quickly or possibly same day? Thanks [link] [comments]  |
| 2nd Degree Student Loans to Pay off Existing Student loans Posted: 10 Feb 2021 09:20 PM PST TLDR at the bottom. So I decided to go back to school. I have an existing BA degree and a good paying full time job, and my job will reimburse me for the new degree. I currently have 24k of existing student loans all federal direct loans. I pulled out more student loans to avoid paying out of pocket roughly 2k. I was awarded close to 8k this semester in eligible Direct Subsidized and Unsub loans. I recently checked my student loan portal and realized that my new loan is close to 2% LOWER interest rate than my existing loans. I can still max out my current loan awards. I'm debating about maxing out my current offer and use that money to pay off my existing student loans that carry a much higher interest rate. My highest loan from my first degree is 4.66% @ 5k and the rest are slight lower, but nothing compared to the 2.75% I got this year. Any draw back to doing this? I'm not really planning on refinancing or bundling these loans as my credit score isn't the best right now. All loans are current. TLDR- have 24k existing student loans from first degree. Going back to school. Should I max out my current loan awards to pay off older student loan debt with higher interest using current low interest rates? [link] [comments]  |
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