We officially have a new ED Secretary Student Loans |
- We officially have a new ED Secretary
- Student loans company over payment- can I propose a £10pcm payment plan when I'm earning 1500pcm? Will it be accepted?
- Opinion Question: What would you rather have?
- 21-22 Fasfa Question!
- Canadian/BC student: paying student loans early
- MD student offered a lower loan amount?
- Due Date says N/A?
- Finally taking advantage of interest free student loan payments, and would love to know the best route.
- Forgiveness vs paying off the loans
- Soon-to-be graduate with $16k in Student Loans and many questions about the administrative forbearance period, grace period, minimum payment, Teacher Loan Forgiveness Program, and the TEACH grant.
- IBR payment question on Navient
- Loan repayment for a dual degree
- Wondering if anyone can help ☺️ UK STUDENT
- timing IDR recertification and taxes
- Refinancing options
- Talk me out of it - taking on $100k total debt
- Navient remark?
- Question about the FAFSA for when you have multiple acceptances to graduate degrees
| We officially have a new ED Secretary Posted: 01 Mar 2021 03:15 PM PST The Senate just confirmed Secretary Cardona 64-33 https://en.wikipedia.org/wiki/Miguel_Cardona for those that would like a little background For those that want to walk down memory lane, the prior Secretary's appointment was much more dramatic - we were one GOP defection away from not having the other Betsy. https://www.nytimes.com/2017/02/07/us/politics/betsy-devos-education-secretary-confirmed.html [link] [comments]  |
| Posted: 01 Mar 2021 11:48 AM PST Hi. I owe student loans company £5140 for a postgraduate course tuition loan over payment. I have been out of work for over a year and only got back into work on 1st Feb 2021. I currently earn 1500 pcm. My salary is approx 19930 per annum. I called them today to arrange a payment plan. I want to propose £10 per month. I've been sent a form to complete regarding all details of my expenses and debts. Is this form something I must complete accurately? If I do complete it accurately, based on my current income is it likely that i will be expected to make a higher monthly repayment? Thanks Edit: please give me an estimate of the minimum that is likely to be accepted per month [link] [comments]  |
| Opinion Question: What would you rather have? Posted: 01 Mar 2021 07:06 PM PST 10-50k in loan forgiveness (with 10k being more likely than 50k) OR 0% interest for the next 5-10 years. Once that time frame matures, you will be penalized a certain percent. Similar to purchasing something from a furniture store for 0% interest for 48 months. I ask this question because personally, I think the percentage rate is what kills the borrower, not the actual total. For example, I graduated professional school with roughly 195k back in 2016. I have made payments of 900-1000 dollars every month (~40 payments) until the Covid forbearance put payments on hold. I now owe 227k. My interest rate on Navient is around 6.5%. [link] [comments]  |
| Posted: 01 Mar 2021 09:42 PM PST I am trying to do my 21-22 Fasfa, when I get to the link to IRS once I put in my information it can't find it. I can't even sign in to IRS to see my previous Tax return. Why the heck do you need your 2019 tax info for 2021?!? Okay I recently filed my taxes and already got my return. Is the 2019 tax return based off of income from 2018? Why is it asking for my 2019 income then, if the 2019 return is based on 2018 income?? I have no idea where to get my 2019 tax return info! That is old I have my new tax info which is relevant! I'm so frustrated I need help I don't understand this [link] [comments]  |
| Canadian/BC student: paying student loans early Posted: 01 Mar 2021 09:12 PM PST I:
Questions:
Ohter thoughts (are these unfounded fears?):
*single as in living with parents (over 18 years of age, so not dependant), not married, not widowed [link] [comments]  |
| MD student offered a lower loan amount? Posted: 01 Mar 2021 08:33 PM PST I am a second semester MD student. The first time I applied, I received a Stafford loan estimate of 20,500 on my confirmation email. This time around, I received a stafford loan estimate of 9500, which is what undergrads are offered. Does anyone know what I did wrong? Im sure I checked the graduate degree option. I'm trying to call my school but they're busy and going to voicemail. My form will be processed and I'll check the info when it is. Does anyone also know if I can correct this? I'm kinda panicking lol. Sorry for the wall of text. [link] [comments]  |
| Posted: 01 Mar 2021 07:39 AM PST When I log into studentaid.gov the dashboard shows two Servicers and one shows the CARES due date but the other shows N/A? I can't see any reason why DEPT OF ED/NAVIENT DUE DATE 10/30/21 NAVIENT SOLUTIONS, LLC. DUE DATE N/A [link] [comments]  |
| Posted: 01 Mar 2021 12:33 PM PST Yeah, I know I should've started this a long time ago, but better late than never. I owe roughly $23,000 across 6 loans, each ranging from $2k-$8k; 2 subsidized, 4 un subsidized. I don't remember what the total interest rate was for the loans, but I believe it is in the ballpark of 6%. I will be getting a moderate raise plus some owed back pay, and I figured I'm long over due to take advantage of this. Would it be best to apply the payments to one loan, or across all of the loans? I could easily payoff one of the $2k loans by September, and my gut is telling me to just focus on that one instead of spreading payments across all 6. All help is greatly appreciated! [link] [comments]  |
| Forgiveness vs paying off the loans Posted: 01 Mar 2021 07:46 PM PST I heard it is a 20 year program but, if we are looking to buy a house on a mortgage in the near future, it would be better to just pay it off compared to waiting 20 years. Any insights into this? At what point is it better to just pay off the loans? [link] [comments]  |
| Posted: 01 Mar 2021 06:25 PM PST I am just about finished with my BA. As of this spring semester I have $15,750 in loans (2 direct unsubsidized loans totally $3,023 (one of which was from the loan period 09/03/2019 -05/13/2020 and accrued $23 in interest before the current interest rate was frozen); 3 direct subsidized loans totalling $12,750), as well as about $3,621 in a private bank loan (slowly chipping away at this to pay it off ASAP). I am a bit overwhelmed and have a slew of questions I'm struggling to find definite answers to.
🤗 Thank you in advance to everyone who took the time out of their day to read and respond. Shoutout to r/financialaid **,** r/StudentLoans **,** r/teachers & r/teaching for being a wealth of knowledge. I'm the first person in my family to go to and graduate college and if it wasn't for the guidance I've gotten on Reddit I wouldn't have gotten to the point I'm at now. [link] [comments]  |
| IBR payment question on Navient Posted: 01 Mar 2021 06:06 PM PST So I was trying to research if my wife and I should file Married-separately for the first time to save money on my IBR monthly payments when I came across this https://imgur.com/lzbfOSh . Can someone maybe explain to me why it says my estimated payoff date is 2023 and why my IBR ends on 4/27/22? Also, in regards to me considering married filing separately vs jointly, 2020 was the first year in 3 years that my wife has worked. So we were looking to save money on our monthly payment instead of receiving more back in taxes. Do you think that is wise since we wouldn't be making a payment for most of the year in 2021 anyways? [link] [comments]  |
| Loan repayment for a dual degree Posted: 01 Mar 2021 01:24 PM PST I'm currently in school pursuing a dual degree/double major. I'll finish my first major next spring and the second major in 2024. I will be enrolled full time in university up until 2024 when I graduate with my second degree but I was wondering if anyone knew when the repayment period for private loans would start? Would I have to start repaying them 6 months after my first degree or when I stop attending university full time in 2024? I'm trying to figure out if this second degree is really worth it. [link] [comments]  |
| Wondering if anyone can help ☺️ UK STUDENT Posted: 01 Mar 2021 01:59 PM PST Hello, I'm 22 and I'm going to uni this year... I know a bit of a long wait but I wanted to go for a course I was 100% sure about and I got stuck in the working routine. Anyway on with the point - I'm looking at buying a flat or a house with my partner as I will be getting a part time job at uni to cover my half but I was wondering if I could still get the maintenance loan for the full amount? So to summarise I have a job now which I get paid quite a lot so getting the mortgage amount now would be something I can achieve however when I'm at uni I won't be able to get a mortgage anywhere near the cost of a house/flat where I live. I hope someone understand me 😂 Thanks 🙏 [link] [comments]  |
| timing IDR recertification and taxes Posted: 01 Mar 2021 01:12 PM PST Does anyone know what is going to happen with IDR recertifications scheduled for Sept. 2021? I'm trying to decide whether to hold off on filing my taxes, as my AGI for 2019 was a lot lower than 2020. 2020 will also be lower than 2021, so I'm trying to figure out how to best keep the lowest payment for the longest amount of time, as I'm also trying to get PSLF. [link] [comments]  |
| Posted: 01 Mar 2021 06:37 AM PST Hello, Does anyone know of reputable and good/fair companies to refinance a private student loan with? Any help is appreciated. [link] [comments]  |
| Talk me out of it - taking on $100k total debt Posted: 01 Mar 2021 12:24 PM PST Hello, I'm trying to decide between Masters programs. It's all boiling down to one school that's offering me a 60k scholarship which would mean the 2 year program will cost about $38k. However this schools program doesn't have faculty that support my specific area of interest within the degree or much of a focus in it. I'll still get the degree I want, but less exposure to my area of interest. My dream school with the best program and exact match of faculty and opperunties will cost me $75k for two years. I've tried to finagle more funding but this is looking to be the final price tag. I keep getting stuck between wanting to go to the program and school that has exactly what I want, but my total debt (undergrad+grad) will be at least $100k after graduation. The afordable school will put me at about $60k total debt after graduation but I'll need to pivot my area of interest. Am I stilly? obviously I should go less debt right? Every time I think of turning down the affordable school I get sick thinking I'm saying no to a free 60k. But it's very sad to think about rejecting such an amazing program I'm super excited to do with the expensive one. I can see exactly how the program will move my career forward. If I'm honest there is also an attraction to the expensive school because the degree/school is 2nd in the world for my feild. It feels so good knowing I got into that kind of school/program, so it's hard to say no to the opperunty. Some insight:
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| Posted: 01 Mar 2021 09:55 AM PST I had some late payments from navient a few years back that I take responsibility for, but I figured I'd dispute them and take a shot in the dark to see if they would somehow get removed. It appears on my payment history but not in my derogatory remarks. I received my dispute back from Credit Karma and it says it removed a remark. Does this mean it's coming off of my credit? Anyone had any experience with this? Thanks. [link] [comments]  |
| Question about the FAFSA for when you have multiple acceptances to graduate degrees Posted: 01 Mar 2021 03:48 AM PST Hi everyone, I've been accepted into two graduate degree programs, A and B. A gave me a scholarship and B did not. After much reflection, I decided to go with B. However, I have since found out this might have been a mistake and I am in talks with A to address some of my concerns and figure out if there's a way I could still go back to my scholarship/spot. I need to file my FAFSA ASAP at school B for it to clear in time for the first tuition payment. I need to file it either today or tomorrow. I was very unfamiliar with the FAFSA before (I didn't grow up in the US) and have since found out that: 1) you can file it for multiple schools 2) once you file it and it's processed by the school, you need to accept it before the funds are disbursed 3) there are really high origination fees (I'm doing all federal) My questions are: 1-Could I file my FAFSA and put the two schools in it, so that it processes for both? 2-Once both schools process them and I get notification from the respective bursars that I need to accept, I could then and there decide which one to attend? 3-If I do this, will I have to eat the origination fees for both, or are these reimbursable too with the rest of the loan? Thanks in advance for everyone's help. [link] [comments]  |
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