Biden looking at authority to cancel student loans! Student Loans |
- Biden looking at authority to cancel student loans!
- April Fool's Day Campaign Against Student Loan Scams
- Is it better to borrow parent plus loan or private student loan (specifically Sallie Mae) as of today?
- Past Due Balance
- Can parent plus loans be transferred in any way?
- Borrower Defense- How long to process?
- Parents won’t co-sign a loan?
- How can I get a pay for school without the help of a parent?
- Can someone help me with student loans and how I would pay for my college?
- Loans that are already forgiven still taxable?
- Income assistance/financial aid/loan options for 42yo going back to school
- 25 year old FFELP loan, 11 on IBR help
- Will paying off my private loan cause my IBR monthly payments to increase?
- Student loan repayment: Higher interest or higher balance?
- Taking some extra buffer amount in your student loan?
- Check from University of Phoenix, should I cash it?
- SAP Appeal
- Trying to get tips on my situation
- Private Loans for Schools Abroad
| Biden looking at authority to cancel student loans! Posted: Look at this tweet: @WHCOS Ron Klain told @RyanLizza this AM that Biden asked Education Sec Cardona "to have his department prepare a memo on the president's legal authority" to cancel student loan debt via exec action and that the review could be finished "in the next few weeks" More Klain on student debt: Biden will "look at that legal authority" in said memo, "he'll look at policy issues around that, and then he'll make a decision." WH aide added that DOJ is also still reviewing Biden's authority on canceling student debt. It is a joint review by DOJ and Education, with the Ed Dept taking the lead Seems like a good sign! [link] [comments]  |
| April Fool's Day Campaign Against Student Loan Scams Posted: Hello friends. If you knew me well you'd know that this is one of my favorite days of the year. Back at my old job I loved playing pranks - especially on my CEO. There was the year I put 1500 rubber ducks in his office, or the year I got a local colleges marching band to play Hail to the Chief when he walked in, or when I put signs on all the printers stating they were now all voice activated. Good times. Well now i work from home and the cat is harder and less satisfying to prank so I'm taking a different approach. I'm launching, along with more than 30 other organizations, a social media campaign to warn consumers about student loan scams. The theme is #DontBeFooled If you follow me or TISLA on FB or Twitter you'll see some posts over the next week that I urge you to share. If you don't follow us or don't want to share the posts, I urge you to spread the word yourself. There's some great info in the stickied post you can copy and paste or use as your muse to get the word out. Make sure, if you provide links in your posts, to include the FTC's link https://www.consumer.ftc.gov/media/video-0158-student-loan-debt-relief-scams The more of us that spread the word - the fewer victims there will be! [link] [comments]  |
| Posted: Mostly comparing the average interest rate for a private loan vs the 5.3% for parent plus loan. Is it possible for private loans to be cheaper? Since there is also significant upfront loan fee for the parent plus loan. Besides the interest rates, are there any major downsides to a private loan compared to a parent plus loan? For example, when I have to start paying back to loans, etc. [link] [comments]  |
| Posted: I went to a private college when I was young and dumb. Long story short, they still have my diploma because I owe them 20k. I've worked and paid off a lot of my student loans but I owe this directly to the university. I'm up for a big promotion that could make me a lot more money but I need a copy of my diploma. I don't know what to do now. I can't get a copy if I don't have it, and I can't get it without paying the school in full. What do I do now? I would be willing to take out a private loan if I need to, but I graduated in 2013 so I don't think there's a lender that will do it. Any advice? [link] [comments]  |
| Can parent plus loans be transferred in any way? Posted: I'm in a bit of a falling out with my parents for more personal reasons and I want to be able to have the option of cutting ties to leave them with only their hate for who I am and not for any other reason. Unfortunately, my dad has a parent plus loan out for my undergraduate studies (I'm currently a Ph.D student in a pure science) and he is using that as a means of keeping me near the family but I'd really rather be able to cut ties. Is it possible to, in any way, transfer the loans to me? Take out new student loans in my name to pay off the plus loans? If anyone has advice/options, I'd love to hear them right now. [link] [comments]  |
| Borrower Defense- How long to process? Posted: I am applying for borrowers defense for a for profit nursing school which misrepresented thier accreditation. How long should this take? I currently am at my max on loans and will have to take out private loans to finish my degree at the reputable school I'm at now until this is approved. :/ [link] [comments]  |
| Posted: I'm at a loss here. I'm going to be a junior in the fall and planned to live on campus. I've commuted for the last two years from my parents house and it is taking a toll on me. I am so unhappy living with them, they are emotionally abusive. Tonight my mom sat me down and said I'm not dorming next year and she's not co-signing a loan. I am crushed. I won't go into details but living with my parents is just a toxic environment. Dorming and tuition is about $24000/year. I have no clue how loans work because I'be paid my way each semester but only have about $3000 left for the fall semester. Am I still able to dorm if my parents refuse to co sign a loan? What can I do? Please any help or advice is appreciated [link] [comments]  |
| How can I get a pay for school without the help of a parent? Posted: So I left home back in August due to an abusive home situation. I'm trying to go back to school after taking a gap year and have no clue how to pay for everything on my own. I've already applied to FAFSA and have determined that I won't get anything because A) I'm still considered a dependent, B) I don't have my parent's information (and even if I did, my father has already refused to fill out this form), and C) I don't have documentative evidence to prove my circumstances. I looked towards scholarships but because I'm a transfer student and not yet enrolled my options were pretty much nonexistent. I think I'm limited to private loans but I'm struggling even with that. I don't have a cosigner and basically no credit history. I don't want to get ripped off with an insanely high interest rate, but it seems like I don't have a choice. I've heard about Earnest but have yet to do my research and I've seen warnings against Sallie Mae. Any words of advice? [link] [comments]  |
| Can someone help me with student loans and how I would pay for my college? Posted: So I've gotten into a bunch of schools and the school I want to go to is really expensive after fafsa and scholarships, it's 36,565 a year. My parents won't help me take out loans because they think I should go to places I can go for free. I really want to go to this school, is there anyway I could still go? Or no? [link] [comments]  |
| Loans that are already forgiven still taxable? Posted: I know that there's a new provision in the new stimulus package that makes it so that student loan debt forgiveness isn't taxable. Does that apply to loans that were forgiven previously? I filed my taxes last year and got stuck with an 18K tax bill because I got a ton of my loans forgiven. Does anyone know if I can refile my 2019 taxes to take advantage of this? [link] [comments]  |
| Income assistance/financial aid/loan options for 42yo going back to school Posted: Hello, I am starting a 23 month Radiologic Technology program in July. It is a JRCERT accredited program. This particular school however is not Title 4 which means no federal financial aid or federal student loans. I would need to take out a private student loan through Meritize or a personal loan. I am trying to save as much as possible before tuition is due and also will utilize the school's payment plan. I am worried that once I stop working and begin school that my savings will dry up quickly and I won't be able to keep up with rent and living expenses. Has anyone else been in a similar situation or perhaps have any advice about any other financial options that may exist? Thanks in advance [link] [comments]  |
| 25 year old FFELP loan, 11 on IBR help Posted: My loans are old as dirt, yet I still would have 14 more years to reach the 25 year forgiveness mark for my IBR plan. With all this talk of some possible forgiveness amount, does it make sense for me to consolidate them over to a Dept of Ed loan and lose the 11 years I've got in towards forgiveness? They sit at $44k and my monthly payment pays the interest. I'm not in a position to do more. I see those with FFELP in default are now covered retroactively by the pause, but I've never been in default so that doesn't help me at all. [link] [comments]  |
| Will paying off my private loan cause my IBR monthly payments to increase? Posted: I've been able to save up some money with the past year of no federal student loan payments. I'm thinking of throwing that money at my private loan (about 8k) to pay it off, but I can't figure out if that might make my monthly IBR payments increase. Not sure if it matters, but I'm also considering switching to a REPAYE payment plan and am participating in the public service loan forgiveness program. Thanks for any advice! [link] [comments]  |
| Student loan repayment: Higher interest or higher balance? Posted: I have 6 student loans totaling $26,558.63 as follows: 001 Subsidized - $1,777.00 @ 4.450% 002 Unsubsidized - $2,792.67 @ 4.450% 003 Subsidized - $1389.00 @ 5.050% 004 Unsubsidized - $5,468.96 @ 5.050% 005 Unsubsidized - $7,631.00 @ 4.530% 006 Unsubsidized - $7,500.00 @ 2.750% Everywhere I read, it says to pay off the highest interest rate, regardless of balance, but I'm having trouble understanding why this is always the correct answer. If we compare the highest interest loan (004) to the highest balance loan (005), this is what I'm seeing: 004 - $5,468.96 * 5.050% = $267.1825 005 - $7,631.00 * 4.530% = $345.68 In this scenario, would it not be best to put extra money on 005 since I would be paying the most interest on this loan? Then in the future, I can put extra on 004. Am I doing my math wrong, or is there something I am missing here? Thank you for any responses. [link] [comments]  |
| Taking some extra buffer amount in your student loan? Posted: I want to apply for an Earnest student loan as a graduate student soon to start college in the US in Fall 2021. I calculated my costs and it seems I'd be spending about $70,000 total in tuition+living expenses+other expenses during the course of my 1 year Master's degree. However, this is considering things like getting income from internships and an on-campus job, as well as getting a place with low rent, not facing any emergencies, etc. To account for these things not going the way I want, I was thinking of applying for a loan of $90,000 so I can have some buffer for living expenses. So, I was mainly wondering what happens if I do end up needing only just $70,000. Does the remaining $20,000 accrue interest even if I never take it? Is there any penalty for applying for it but not using it? Could it have any adverse impact on the repayment term/monthly payment/any other facets of the loan? Basically, the main question is, is there any disadvantage or possible issue in taking this extra amount to account for unexpected difficulties? If I end up not using that extra $20,000 or so, will it be an issue in any way? I looked through Earnest's terms a lot but couldn't find anything about this. [link] [comments]  |
| Check from University of Phoenix, should I cash it? Posted: Hey all, I tried searching for this topic but did not find information so I hope this is not a repeat question. I received a check from the University of Phoenix refund administration. They stated this was my share of the settlement between FTC and the school. Should I second guess cashing this check or should I try and get an attorney? Any insight or feedback from prior experience with this would be helpful. Info to note: this was for my MBA and my loans are federal and not through the school. [link] [comments]  |
| Posted: Hey everybody, I was attempting to go back to school this Fall. I was in school at this same Uni back in 2018 but had to leave in my 3rd semester to help take take of my gfs grandmother who had gotten cancer(we were both living with her) Now I must make an appeal. Do I have any chance of getting this approved? I don't really have any documentation to back it up as me and her are no longer together. And if they don't, do I have any alternate options? [link] [comments]  |
| Trying to get tips on my situation Posted: As it currently stand I will be graduating with around $17,000 of debt out of college next year. I have 4 Loans and they are are follows:
I was wondering what I should be doing to either bring this down over the next two years or what I can do to decrease the interest rates of the Sallie Mae loans. I am majoring in Computer Science so I am currently looking into jobs out of college to get started paying them at a expedited rate before the interest starts. Any pointers or thoughts would be appreciated! If at all possible (with a tight enough budget) I would like to have these paid off within either a single year or two years. Thanks! [link] [comments]  |
| Private Loans for Schools Abroad Posted: Hi, I will be attending an American university in Italy starting this fall. I know Sallie Mae offers loans for foreign schools. Are there any other private loan providers that do? [link] [comments]  |
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