My private student loan will be paid off completely in a few days and just whoa Student Loans |
- My private student loan will be paid off completely in a few days and just whoa
- HELP!!!! Scammers got access to my Studentaid.gov account
- Ever happened to you? Consolidation took a while and left a balance. Servicer reported to credit bureau after 5 years now my credit tanked.
- Federal Family Education Loan (FFEL) Advice
- Left the country many years ago
- International Student Loan question
- Where do I start to arrange a payment plan through Nelnet for my student loans?
- Eligibility and options for a loan
- Any scholarships to pay off student loans?
- Do loans really get discharged due to false certification/disqualifying status?
- I can't access my fedloan account
- Should I payoff my loans or...?
- student loan refund
- Interest Loans Question
- Lost in the loan sauce
- Has anyone who attended the Art Institute Online Division got their loans forgiven ?
- $45k vs $75k in loans? Pls help
- Got a loan when I was 17. Does that not make me liable for it?
- Student Loan Defferment
- US Dept. of Education refunding offsets and tax garnishments?
- Repaying UK student loan abroad: failed to update employment information
| My private student loan will be paid off completely in a few days and just whoa Posted: 26 Feb 2021 07:28 AM PST So when I was 20 my parents made me cosign a student loan for 20k while I was in community college. My parents controlled the money, made me take a loan out for way too much, and then eventually pressured me to go to a for profit due to my grades. Turns out I have ADHD which I was never diagnosed with which really impacted my ability to want to do school work. I always did great on test and assignments but any sort of homework I would never do. I would start and stop because well ADHD. Hard to concentrate. Not making excuses but I've really noticed the difference in myself. I also went to school for business administration which I had zero interest in while listening to a teacher who was moron who said stay out of IT unless you love it. I liked coding but they made it seem like I didnt like it enough(I am a Senior Software Developer now). My smart idea was to pay down the interest every month on my loan but my parents said dont bother doing that. Being stupid I thought they knew better. By the time I stopped going to school my total due was around 40k. I never graduated making it almost impossible to refinance. Due to my parents pressuring to pay the private loan they cosigned on, I forwent other things I needed to pay for and damaged my credit making the former impossible. I've been paying a variable rate on a loan which currently has an interest rate of 12.74%. I am now 32. I honestly blame my parents for a lot of my issues with this whcih I would never tell them. Making me take a 20k loan, pressuring to go to a for profit(Strayer if you must know), never acknowledging that I had ADHD or getting me tested for it instead just called me lazy and irresponsible, never helping me with payments when I was struggling even though them doing it would have been easy for them. My wife and I have been paying 1300 a month on my loan to attack it for the last few months of this pandemic and have gotten it down from 27k to 21K. I have a job as a software developer where that much is doable. I just got a 10K bonus from work, sold my old car, and dipping into some savings, it will be paid off. This horrible burden that I have been struggling with my entire adult life will be gone. We can now save up for a house without $1300 a month at least going to a loan I get nothing out of. I have a federal loan( about 8000 left on it) but that one has never killed me financially and if they actually follow through on forgiveness I don't even know what I'll do. I only wish I could help others with their burdens myself. It has been absolute hell. I've often thought that my family would have been better off if it wasn't for my loan. The financial burden crushed my soul more times than I wish. It has made me feel inadequate, depressed, like a loser, a failure, and a disappointment. It didn't, it doesn't, it just makes me the same as everyone else who has struggled with student loan debt. Good luck everyone, I hope to see you all on the other side of student loan debt with me. [link] [comments]  |
| HELP!!!! Scammers got access to my Studentaid.gov account Posted: 26 Feb 2021 02:46 PM PST Someone called me today and told me that they were from the Dept. of Education and that they were going to help me with loan forgiveness. They told me that they needed my email that I registered my account with FAFSA. They then told me that they sent me a code and I gave them the code. Turns out they used that code and changed my Studentaid.gov account's password. I quickly realized that this was a scam and changed my password twice. What can I do more? [link] [comments]  |
| Posted: 26 Feb 2021 11:20 PM PST I guess it doesn't seem that preposterous but this may be more of a rant/vent. Curious if others have experienced this and would love your thoughts. I'm talking with my Congressman because I think it's unacceptable, especially since there is no good remedy. You'll find out... Woke up today with a notification from my credit monitoring service that my credit score dropped 80 points. I'm devastated. The alert listed my university and a student loan as the deragatory account. I thought not possible because I don't have any loans with my university. Called my alma mater and they had no clue either. They directed me to one of their servicers. After speaking with them, they indicated they had indeed reported because I had an outstanding bill. How was that possible? I consolidated all my loans 5 years ago and have been paying my servicer on time. I learned that there was a delay between when the original servicer gave the payoff amount and when they were paid by the new servicer. In that time, interest and fees had accrued so the consolidation didn't cover the full balance. It was less than $40 difference. Now, I've been charged interest and fees for 5 years on that and they just decided to report it to the credit bureaus. Here's the mega bullshit. The total due is $119, but they won't report the account positively, only as paid in full if I pay it off in a lump sum. If I want them to fix the damage done to my credit score/report, my only option is to get on a 9 MONTH rehabilitation plan. Then and only then they'll report it positively to the credit bureaus. I'm really at a loss as to what's the best course of action. New servicer, old servicer, university - no one wants to take any responsibility. I've reached out to our state AG. We'll see where that goes. Thanks! [link] [comments]  |
| Federal Family Education Loan (FFEL) Advice Posted: 26 Feb 2021 03:36 PM PST What would you do at this point? Should I consolidate my defaulted student loans into one direct loan ASAP on the premise that it would/could make it more eligible for future federal aid? By federal aid I mean what Biden, Schumer and Warren are proposing right now - whatever that ends up being. Additionally it's a necessary thing to do in the near future- I know, I just don't want to add more debt to the debt I owe because I didn't wait a couple of months for legislation to pass negating 50k or 10k of the money. My logic was it's already in default, maybe I could wait 90 days to let it shake out. BUT THEN TODAY HAPPENED. Today I received notice of a wage garnishment resuming. It had been paused due to the pandemic up until now, I was under the assumption that this was going to be the case until at least September 2021 because that's what I've been reading. When I contacted the debtor's prison (Ascendium) they said it's resuming because my loans were "FFEL" and not covered by the CARES act. Well what else isn't going to be covered? Right now this is a giant red flag to make it a direct loan and start the paperwork on Monday. Thoughts? I'm barely getting by right now, a 15% garnish is going to be a major kick in the pants. https://studentaid.gov/announcements-events/coronavirus More about FFEL Loans, frantic google search: https://www.tateesq.com/learn/ffel-consolidation-loans-eligible-student-loan-forgiveness [link] [comments]  |
| Left the country many years ago Posted: 26 Feb 2021 03:02 AM PST My backstory: So I did my undergrad in the States and left in 2009. I did a masters until 2011 out of the country but financed by Sallie Mae loans and am still living abroad. In the end I had about 80k debt and had a tough time finding a job. I have never filed taxes since I left, and a collection agency kept trying to contact me and I kept dodging their calls. I think the last time I spoke with them was 2014 and I am pretty sure my loans have defaulted since then. They kept asking my mother about my whereabouts but she said she didn't know so they have no way of finding me and I don't think they have ever formally sued. My question is, if I wanted to move back to the US, what consequences would I face? I've never made a single payment on the debt and it's been about 7 years since I've had a call. If I came back and started working, what would happen to me? I have lost all my information over the years to check my loans online since the old email accounts don't exist anymore and I have never seen my credit score. Since I don't live in the US, I think I can't access it. Any advice? [link] [comments]  |
| International Student Loan question Posted: 26 Feb 2021 02:02 PM PST Hi everyone, I am a Canadian undergrad student and currently looking into getting a loan for law school. I was admitted to UPenn's law school a few weeks ago; I would really like to commit to Penn and I will be receiving zero support from my parents. I have no employment (other than my part-time campus job), no US credit score, and no co-signer. I'm not sure how much scholarship money I can get from Penn, but I'm preparing for it to be zero. I grew up in an abusive household that took 100% control over all my finances (including my income and student loans) so I have basically had no control over any money all my life, even my own income or student loans taken out under my name. I very recently opened up a chequing account in secret, and have split a small portion of my income into that account (small enough so that my parents won't suspect anything more than maybe a few missed shifts). So in terms of personal savings, I have like $500. I looked into Prodigy Finance, it's pretty much the only student loans program I've seen so far that loans to international students without requiring a co-signer. Are there any other options for me? At this point, I am willing to take on a large loan in order to finance my own way through law school. I just want to know if it is possible (and ideally I would need the money by June-ish because I will be going no-contact with my parents around then). Thanks in advance! [link] [comments]  |
| Where do I start to arrange a payment plan through Nelnet for my student loans? Posted: 26 Feb 2021 06:03 PM PST I recently just graduated, December 2020, and I want to start making payments on my student loans. approximately $30,000. However, I am unsure of how to arrange a payment plan with Nelnet. I work for the government as a public servant for the Department of Veteran Affairs (not a lot of money, but enough to live comfortably and start a payment plan if it is not too much into the hundreds) and I know there are programs to help with this, but I just don't know where to start or who I should contact. I don't have a financial advisor and I don't even know how to get set up with one or if that is what I should do. Any advice will will be helpful and greatly appreciated! Thank you! [link] [comments]  |
| Eligibility and options for a loan Posted: 26 Feb 2021 04:35 PM PST So my situation is this: I graduated with a bachelors in geography with 24k in loans via Fafsa back in 2017. I took out private Sallie Mae loans doing pre reqs for nursing school these past few years with a co-signer. I just got accepted to an associate degree program to be an RN starting this fall. The problem is my co-signer just informed me they won't co-sign any more loans. How will I be able to pay for housing and classes these next two years without a co-signer? I've been working the past few years and independent but private loans still ask for a cosigner. [link] [comments]  |
| Any scholarships to pay off student loans? Posted: 26 Feb 2021 07:06 PM PST I graduated with my bachelor's degree almost 3 years ago. I've been looking at scholarships but I'm not finding any for those that have already graduated and need to pay off loans; most of the scholarship contests require that you be enrolled in school or be enrolled in school within a year or so. Does anyone know of any scholarships for those that have already graduated? [link] [comments]  |
| Do loans really get discharged due to false certification/disqualifying status? Posted: 26 Feb 2021 05:12 AM PST I have roughly $60k in fed loans I will likely never pay off due to my age and death being my only reprieve. I was talked into attending University of Phoenix nearly 15 years ago because I was a human resource manager without a degree, but with 23 years of experience. But my U of P recruiter/predator said my background would be perfect for a parole officer and that I should go into Criminal Justice course study. I kinda liked the idea of helping those who were on the wrong side see the light, and it was a kind of using my HR skills so I signed up. Many years later into a program I thought was ridiculously easy (and it appears I was the only aged member of my study group who actually did homework) I discovered that parole officers need to successfully complete the Police Officer Training Academy which includes a battery of physical and mental fitness tests which I was NEVER able to do. I started this program with diagnosed physical limitations and depression and was never told by U of P that these were disqualifiers for parole officer employment. My recruiter could SEE my physical disabilities, yet since they apparently had quotas on curriculum to sell, and I was already an HR Manager, I didn't need that course study, I needed to fill another course study for the numbers. Suffice to say I was 50 when I started and no one would hire a 55 year old out of shape and physically limited person to attend the academy and this was a typical scam by the U of P. They never offered or indicated a change in course study without adding on to my debt by taking more and more classes. I finally wound up quitting and going to a local university to get ANY degree with the credits I had earned. So here I am now at age 65 with 60k in debt that I had deferred for years after losing my HR Manager job after the crash, and I "earned" an associates degree in general sciences for all the student loans. You KNOW how much that has helped me in my career, /s. After the crash, companies were looking to hire HR managers with bachelor's degrees and higher at $14/hour. My experience didn't matter. Screw that!!! I'm about to send in my request to discharge/wipe out my debt. I realize I'm probably tilting at windmills, but are you aware of anyone who had their loans discharged due to false certification? (Here's hoping!) [link] [comments]  |
| I can't access my fedloan account Posted: 26 Feb 2021 11:59 AM PST When I try to log in, it says an error has occurred and that I have been logged out for my safety. When I try to call them, it asks for the last 4 digits of my account number or social security number. When I enter that, nothing happens. There is no prompt, no dial tone, no click sound... nothing. The line just stays silent forever. I let it run for about 3 min and nothing happened. I've tried doing the "I forgot my username" on the home page, and I get the same "an error occurred" message. I've tried to click the email link, but it requires me to log in, which I can't do. I'm not sure what to do. Has anyone else experienced this? What steps should I take to resolve the issue? Edit: I was able to get ahold of someone. I had to enter a fake account number (1234). Then it gave me an error and prompted me to enter my full social. After that, I had to wait on the phone over 3 minutes. After three minutes, I got a prompt saying failure to connect, and it sent me to a real person. That person emailed me a link to reset my account and then hung up. I clicked on the link they emailed and received the same error message as before. I'm pretty frustrated, but I have to get back to work and will try contacting them again when I clock off [link] [comments]  |
| Should I payoff my loans or...? Posted: 26 Feb 2021 02:17 PM PST Preface: I'm new here so please let me know if this has been discussed in another thread. I just realized that my stock holdings are greater than my student loan debt by $2,500. I am wondering if I should pay off my student loans in full but I'm also apprehensive to lose my stock money, which is almost all of my savings. I will be getting my bonus soon so I'd have SOME savings, but not nearly as much as the stock. Has anyone else been in a similar situation or have thoughts? My loan payments are $630/month, 5 separate loans, with ~5% interest each. [link] [comments]  |
| Posted: 26 Feb 2021 01:56 PM PST just curious if anyone has the answers to a couple of questions.. i received an unsubsidized loan and opted to use all of it as it is my first semester of grad school and i wasn't sure what the total costs were going to be (expecting to immediately pay back the money received in the tuition refund). However, i am now only taking 4 credits due to an undergrad class counting towards my degree. now i have a significant amount of money being refunded to me. i am currently on unemployment and don't know if this refund is considered "income" that i have to note as i claim benefits...in addition to this i received an email from my school stating that because of the cares act there is another $1500 financial aid grant that i would be awarded based on need and i would rather use that to apply towards my tuition first and pay more of the loan back asap, does that happen automatically?? [link] [comments]  |
| Posted: 26 Feb 2021 01:51 PM PST Let's say you graduated with a 4-year bachelor's degree and got a job that pays 75k/year straight out of college. And say that you took out $40,000 worth of federally subsidized loans over your four years of college. If you were to defer payment on those loans for 3 years, without them accruing any interest, and save up, say, 13.5k each year, would you be able to make one total payment to pay off all 40k of your debt and not pay a cent in interest? Is this feasible? [link] [comments]  |
| Posted: 26 Feb 2021 09:19 AM PST I'm 25, I graduated from DeVry 3 years ago, have about 60k in student loans, make about that yearly, and wondering what to do. Right now I'm on PAYE, however I have not paid anything since it's been on hold due to a borrower's defense claim against them. It did collect interest at first but now I think it stopped for some reason? I have 2 separate consolidated loans, one sub one unsub. I am just about to finish up my 6 years with the National guard and I was denied both times from EAP due to the school. I did however get some gi bill money as well as my loans capped through SCRA. Like many in this situation, I've pretty much given up hope. I've read plenty of posts that say people have waited 5+ years with tons of evidence including the FTC settlement and still get denied. I've been waiting 2 years now and my application is still pending. I guess my question is, where do I go from here? Keep on the paye plan? Continue to wait to pay? Also, should I consolidate the 2 loans? [link] [comments]  |
| Has anyone who attended the Art Institute Online Division got their loans forgiven ? Posted: 26 Feb 2021 04:18 AM PST I want to try and see if I can get my loans forgiven because the Art Institute Online was part of a class action lawsuit and they (online division) are no longer a school anymore. I was wondering what my chances were because it seems like a very long and daunting task to try and get your loans forgiven so I just wanted to know if others were successful in getting their loans forgiven. [link] [comments]  |
| $45k vs $75k in loans? Pls help Posted: 26 Feb 2021 05:35 AM PST Graduating senior in college here. I only have about $7k in loans from undergrad, and now I'm on my way to grad school to get my MPH in Epidemiology. Here are my options: In-state school (also my alma mater): offering 75% tuition - total cost of attendance after scholarship (tuition + living expenses over 2 years): ~$45k in loans - I went to this same school within the same university for undergrad. It's a top 5 program in the nation for Epi, but it's time for a change and I don't think I'll be happy spending another two years here. It's a great program but it's more methods based and many of the grads end up working in places I don't wanna work in. out of state private school: offering ~30% tuition - total cost of attendance after scholarship (tuition + living expenses over 2 years): ~$75k in loans - this is my DREAM mph program, many of the grads work in the agency I want to work in, which is a federal agency (meaning I'd qualify for PSLF. I know I shouldn't rely on this, but I've been thinking about it). The opportunities and resources are endless, and it's located in the public health Mecca. It's also a top 5 program. - I'm ready to move out of state and get away from toxic family members. I'm not sure what to do. It's not impossible to get the job I want if I attend the in-state school, but I definitely think going to the out of state school will guarantee that I'll get my foot in the door. The out of state school is bigger, and has a lot more people who look like me (important because I was one of the only minority students in my undergraduate program, which often felt alienating). Overall, attending the out of state school just feels right, but I don't want to make a stupid decision bc I can move anywhere i want after I graduate. Any insight or advice that anyone can offer? [link] [comments]  |
| Got a loan when I was 17. Does that not make me liable for it? Posted: 26 Feb 2021 02:23 PM PST I have loans serviced with Great Lakes and Navient. I'm on an IDR and have been paying on them for years. I was doing some research to find out why my Great Lakes loans have no interest during the cares act while my navient ones do when all of my loans were the same. This turned into me asking for my master promissory note from navient. I know I had to sign one every year but the first one I signed was on 10/5/2004. This was 5 days before I turned 18. Since I was a minor, does this mean the first loan can be thrown out since I wasn't an adult yet? 🤞 [link] [comments]  |
| Posted: 26 Feb 2021 06:18 AM PST My wife has not paid student loan debt in three years since she has been a stay at home mom. Last year they garnished all my income taxes and then returned it to us after the CARES act was implemented. If I filed married would they still garnish those since the student loan relief was extended? [link] [comments]  |
| US Dept. of Education refunding offsets and tax garnishments? Posted: 26 Feb 2021 09:26 AM PST A few years back I went to a private college (AI.) Unfortunately, I ran into some money issues and wasn't able to continue school. Fast forward to now.. My account is in collections. However, I just got an email from the Dept of Education saying that Im owed a refund from offset or tax garnishments. They are asking for my address (I moved recently) in order to receive my refund. Does anybody have this same email or can tell me what this means.. I've filed my taxes but not sure what refund this is. [link] [comments]  |
| Repaying UK student loan abroad: failed to update employment information Posted: 26 Feb 2021 09:05 AM PST I am in a bit of a mess with my student loan. I moved abroad as soon as I graduated and I was unemployed for the first few mounts living abroad. When the student loan company asked for my employment status I said I was unemployed. However, then I started working but didn't update my status. Now they are asking me to update my employment status again but I have been working for about a year now without telling them and my salary is about around the threshold for my country. Now I am wondering what to do, whether to tell them that I was working for a year without informing them or to just tell them again that I am unemployed and hope I don't get caught. I do want to start repaying my loan now but I am scared that when they find out about me failing to inform them about my employment situation they might put into a fixed monthly repayment schedule or worst. Was anyone here in a similar situation before? And can you place give me some advice on what to do? Thanks! [link] [comments]  |
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