2.55% Loan Student Loans |
- 2.55% Loan
- Thought the statute of limitations was up, but they're pulling money from my paychecks
- What's the best move to pay off Perkins loan as of April 2021?
- Student loans deferred...why is my Transunion score all over the place
- Take out a loan to finish off my degree?
- Never taken out student loans; help please
- Questions on TPD process
- Refinancing/Consolidating loans?
- Sallie mae?! Need opinions in comments please lol!
- Help (credit line repayment vs. taking less out)
- Paying off $20,000
- Need advice/help
- Illinois SmartBuy
- Graduating student with a question about interest
- Sick to my stomach
- Can I get a federal student loan if I'm a grad student taking 3 credits this summer?
- Surprise debt
- Grace period & Taking a semester off
- Payment calculator for multiple loans
| Posted: 27 Apr 2021 06:36 PM PDT Fellas quick question - got a 7 year loan @ 2.55. Is this a good rate or something common? I am asking because I currently have my federal loans at 0%, so I am wondering if I should take the offer (if its too good to be true) or if I could get something similar by Sept and I should just enjoy the next 4 months of 0%. [link] [comments]  |
| Thought the statute of limitations was up, but they're pulling money from my paychecks Posted: 27 Apr 2021 07:34 PM PDT So I went to the Art Institute back in 2005-2009. Didnt graduate and started out with about 95k in student loan debt. Worst decision 18 year old me ever made. Obama discharged some of it brining down my balance to about 61k, and its been on my credit as negative remarks because I have not paid anything on them since 2011. They were taking money out of my paychecks and taking my tax returns during that time. Well I just noticed this year that my credit score recently just shot up and checked it out. LOANS ARE NOT LISTED ANYMORE. I never thought I would see a good credit score in my lifetime. Covid saw the brief forbearance on them taking my tax returns, and then this year boom..no longer on credit report. ..well then I get a notice that they will be taking money out of my paycheck still for 15% each check... I am wondering if they are no longer listed on my credit..why can they still do this? Wouldn't the statute of limitations be up on these things? If I can dispute them taking the money how would I go about that? They are private loans, and I'm in FL, USA [link] [comments]  |
| What's the best move to pay off Perkins loan as of April 2021? Posted: 27 Apr 2021 09:53 PM PDT Hello everyone, I graduated from a private university in 2019, but had to take out a Perkins loan from 2017, extended payment to after graduation. I'm now 6 months into paying the minimum amount of this loan on a monthly basis. However, I feel like there is a better way to just knock this loan out of the park and poof be gone. Other posts on this sub recommend consolidate with other loans. Is it a good idea now or to wait for the summer to see what Biden says? Perkins Loan: $5270 out of $5500 remaining to pay at 5% interest Federal Loans: $30,000 at 0% interest frozen due to Covid until Nov,. 2021 Any recommendations? [link] [comments]  |
| Student loans deferred...why is my Transunion score all over the place Posted: 27 Apr 2021 06:30 AM PDT Contacted Navient, it's not them. Contacted Credit Karma, it's not them. Contacted Transunion Dispute Center and my dispute just disappeared off the site and I received a letter from Transunion with the results listed as "Not Specified". I am currently making small payments to see if that would even help anything. But here's what's happening now Transunion has reported it. 12/27/20 - Balance DECREASED by $2722 1/30/21 - Balance INCREASED by $2722 3/2/21 - Balance DECREASED by $2722 3/9/21 - Balance INCREASED by $2722 4/8/21 - Balance DECREASED by $2733 4/19/21 - Balance INCREASED by $2733 I might be missing something staring at me in the face, but I really don't understand what's happening but it's damaging the crap out of my score. [link] [comments]  |
| Take out a loan to finish off my degree? Posted: 27 Apr 2021 03:39 PM PDT Hello Everyone I know this similar question has been posted many times but I would like to explain my specific situation to get some advice. I am 24 and work as a part-time substitute teacher go to school full time online. I've been thinking about getting a loan so I can partially pay for school and then use the rest for my living expenses. I'm not going to be working this summer because school (my substitute job) will be out. I'm not the best student and struggle a bit with my time management but I think If I just focus on school I can do well and finish my degree. I have about 46 credits left but I plan on taking about 6 CLEP exams and that will be about 20 credits. So In reality I just have about 26 credits left at my university. I also plan on taking two summer classes this year. I owe about $14k in student loans right now. Should I do this or what would be the best option? [link] [comments]  |
| Never taken out student loans; help please Posted: 27 Apr 2021 08:50 PM PDT I just wanted to know what kind of loans that people have taken out to get through college. This year is tight and it might be first time I have to, so I am just looking for some advice. Do I take them through my school? I've been offered some through my school, so it that the best option? Sub or unsub? How much do most people take out per year? Things to be wary of? How much is too much? What rates to look for? Anything that can help me understand this better or even resources to reliable information. I just don't know where to start or who to ask... [link] [comments]  |
| Posted: 27 Apr 2021 04:04 PM PDT Hi all. My mother (70) has a Parent PLUS / FFEL Consolidated student loan in her name, which she took out to support my college education. For the past several years I have been making the payments on this loan as she was struggling financially. As of last year she was diagnosed with the early stages of Alzheimer's. She stopped working in 2019 as the symptoms were beginning to affect her job performance. I am working through the process of applying for a TPD discharge of this loan in her name. As of today I have started the application process on disabilitydischarge.com, and will be getting her physician to complete their portion of the form. My question is: does starting the application process trigger the loan provider to be notified that payments are to be suspended until the application/review is complete, or does that only happen after the completed application is submitted? I ask because there is a payment that'd normally be due on 5/1 that I was considering stopping on her behalf if the former is true. Thanks in advance for your input. [link] [comments]  |
| Refinancing/Consolidating loans? Posted: 27 Apr 2021 06:58 PM PDT I have a Sallie Mae loan currently at $12,179 with an 8.375% interest rate that comes due starting in August. Currently they say I have an estimated monthly payment of $158 I also have federal loans with Nelnet for a current total of $38,119 with various interest rates (4.290% - 2 loans, 3.760% - 2 loans, 4.450 - 2 loans, 5.050% - 2 loans, 4.530% - 2 loans, 2.750 - 1 loan). Which are all obviously on hold for payment due to covid. I also have another set of student loans but those are 0% interest so I don't want to mess with those. Finally, I also have about $8,000 in credit card debit. Yes, I was dumb. I'm trying to get a handle on all of this now though and pay it off as fast as I can. That being said, I have some questions. Do you think refinancing the private loan would be a good idea? Or doing a loan consolidation with the private and federal loans?? Can/should credit card debt be consolidated with the student loans? If I refinance or do a loan consolidation with the federal loans, what do you think would happen if the administration decides to do some type of forgiveness on the federal loans? If refinancing is a good possibility, where does one look to do that? Can personal banks do it or is it more of those online type of companies? [link] [comments]  |
| Sallie mae?! Need opinions in comments please lol! Posted: 27 Apr 2021 01:54 PM PDT Federal aid will give me around 9800 in loans i believe (wasnt able to get pell grants or anything somehow even though my parent made shit money) need exactly 7418 for my tuition. Ive submitted a loan request through my bank for school and im not sure if ill get approved with my cosigner. Still waiting to hear back though. If that falls through would sallie mae be something I should go for? Ive heard they are shit and charge a lot of interest but if its my last option im willing to take it. I would like personal experiences and opinions if you guys have any!? ALSO: ive tried the other online student loans but they dont cover my specific school and sallie mae seems to be the only one i can find :/ [link] [comments]  |
| Help (credit line repayment vs. taking less out) Posted: 27 Apr 2021 10:47 PM PDT So I currently have a credit line for tuition and I still have 3 years of school left. However, I have a decently paying summer job and I want to take half of what I earn this summer and put it towards tuition but I don't know which option is best. So my interest rate is 2.45% and I have to take out $10k each term so I've used $20k total as my first year just ended. Which option is better in the long run to save me more money, I honestly have no idea how any of this stuff works so I appreciate any thoughts. - taking $5k from what I earn and putting it back into the credit line to pay off my debt, then taking out $10k to pay my tuition in the fall. OR - paying $5k directly from my bank account for tuition and then only taking out another $5k from the credit line So in short, what's the better option? Taking out less money or paying off some of the debt? [link] [comments]  |
| Posted: 27 Apr 2021 05:10 AM PDT Hello All, I owe $20,000 to Sallie Mae for my graduate degree overseas, so I don't think I would qualify for the loan forgiveness that has been talked about. My first payment of $400 is due...last week. I have money in savings and a steady job until December, but then I could be out of work for 8 months. My question is- do I pay off the minimum amount, or larger chunks like $1000 a month which I could do at least until December. Thank you all, I feel pretty clueless to this all. [link] [comments]  |
| Posted: 27 Apr 2021 10:30 AM PDT I'm a third year undergraduate student, and my parents decided to stop supporting me. My parent was my cosigner and now I cannot get any private loans for future semesters What should I do? Should I drop out and look for something else instead of school? [link] [comments]  |
| Posted: 27 Apr 2021 10:23 AM PDT Hello, I am a 24m looking to move out of my parents house. I currently have about 30k in private loans and 41k in federal. I was wondering if I would be eligible for the payoff of either of these without paying off my federal loans. I am living w my parents now, and really want to move out. Would i be able to purchase a house with SmartBuy and pay off one or the other, or would i have to pay off 30k before I would be eligible? [link] [comments]  |
| Graduating student with a question about interest Posted: 27 Apr 2021 09:27 AM PDT Hi all, I'm graduating from law school this Spring and have about $111,000 in student loans that are a mixture of direct unsubsidized loans and direct PLUS loans. Since Covid-19 hit, interest has been at 0% and studentaid.gov estimates my payments to be around $900 a month. Once the interest starts accumulating again, I assume my loan payments would increase. Is there any way to figure out how much my loan payments will increase by? [link] [comments]  |
| Posted: 27 Apr 2021 07:12 AM PDT I just paid off my student loans. I always thought paying off student loans would be a big relief but all I felt was dread. I got this PIT in my stomach and called and thankfully I was able to cancel the payment. What if they forgive 10K? I have just a little over 6,000 left in student loans and they are federal. What is everyone else doing? I think I will at least wait and see where we are at in September... did I do the right thing by canceling my payoff? [link] [comments]  |
| Can I get a federal student loan if I'm a grad student taking 3 credits this summer? Posted: 27 Apr 2021 09:50 AM PDT They are only offering one course in my graduate program this summer so I'll only be registered for 3 credits. Can I get any type of federal student loan? Besides private loans are there any other options? [link] [comments]  |
| Posted: 27 Apr 2021 08:53 AM PDT I recently decided to drop out of my college. In place, I just didn't take my classes (Poor decision, I know). Long story short, I failed all my classes and the government took all my funding back. I know owe my college all $6000 in the next 6 months (the longest term they offer) or else it goes to a collection agency and looks bad on my credit. What can I do? Any advice to lengthen the term? [link] [comments]  |
| Grace period & Taking a semester off Posted: 27 Apr 2021 08:33 AM PDT Hey yall, I'm taking a semester off ( fall ) and am concerned about my loan grace period ending. At this point, I will need to start payments in novemeber and my grace period will be eaten up. How do people who take time off usually deal with the grace period issue? ( sub/unsub + plus loan btw ). Any advice? I would love not to eat up my entire grace period and have to pay... and also take that short time off. There has to be a way to do this 🤔 Edit// okay. I've been told a big fat no. This seems super unfair IMO. How do people usually deal with taking gap years and breaks? I'm feeling super discouraged. I need this break just to be able to continue to afford school. [link] [comments]  |
| Payment calculator for multiple loans Posted: 27 Apr 2021 08:32 AM PDT Hey all, I couldn't find a good tool for calculating what different monthly payments would mean for my and my wife's student loans (there's multiple loans at different interest rates), so I made one. It also helps show the effects of different payment strategies, like snowball, etc. I know linking to a site you own breaks this sub's rules (sorry mods, feel free to delete if you feel it's necessary), but I make no money from this at all and I just wanted to make public a tool that I found helpful. Here's the site (suggestions are welcome): https://www.payitoff.org [link] [comments]  |
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