Finished paying off Student Loans and now have no clue what to do next. Student Loans |
- Finished paying off Student Loans and now have no clue what to do next.
- Going back to school and will need student loans again
- Mother refusing to fill out a FAFSA
- Best way to re-finance Sallie Mae loans?
- "How did you end up with so much in student loans?"
- Deciding which loans to pay first when they all have different interest rates but are grouped together?
- Being that my loans are 0% interst right now is there a way to see my actual pre/post CARES interest rate?
- Transcript Hold
- Wells Fargo stopping their student loans
- Question
- Newly married - wife's student loans
- Exit Counseling References For Federal Student Loans
- Do loan repayment support through your job count towards your monthly loan payments?
| Finished paying off Student Loans and now have no clue what to do next. Posted: 28 Apr 2021 10:17 AM PDT So last year I (27yo) finally finished paying off my student loans, with help from the extra money I was getting from unemployment, the stimulus checks, and freelancing during quarantine. It feels great to finally be free of debt, and I even have a fair amount left over, but am currently at a loss for the next financial steps to take. I didn't do anything for a while afterwards because of the current state of the world, but since things are now somewhat easing up, I'm realizing that paying them off was my only real long-term financial goal and now that I've done it several years ahead of schedule, I'm not sure how to proceed. Any and all advice is appreciated! [link] [comments]  |
| Going back to school and will need student loans again Posted: 28 Apr 2021 06:25 PM PDT Hi everyone. I will try to keep this concise. Hopefully, this will make sense. I was going to school 7 years ago when I decided to take a "break." I used student loans during that period. For the most part, I paid on my student loans until the months before and after COVID. This is not something I'm proud of. When COVID hit and they put everything in pandemic forebearance, I was behind. I would like to go back to school and finish, but I will have to take out more student loans (I will not qualify for financial aid as my husband's income is too high to qualify... Yes I should have asked him to help me with the student loans, but I did not want to put extra on him... please do not judge...) So, I have checked my loan provider website and it says I do NOT owe anything as of right now and that I am in pandemic forebearance... It does not say I have a past due amount either. Does this mean I can qualify for student loans now? Or is it it somewhere flagged I was behind? Do I need to pay it up? I called to ask the financial aid office at my school, and before they would even talk to me, they told me to fill out a FAFSA (understandable). Any insight, perspective would be so much appreciated. NOTE: I will not be upset if I do not qualify for student loans. I understand that I screwed up and should have been paying them faithfully. And if I have to pay them up in some way then I don't mind doing that. Like, I get this is all on me and if I do somehow qualify for student loans, I am going to be super duper grateful. [link] [comments]  |
| Mother refusing to fill out a FAFSA Posted: 28 Apr 2021 02:52 PM PDT my niece's mother (ex sister in law) is refusing to fill out my niece's fafsa forms because she wants her to go to an in-state college rather than the out of state one she received a scholarship for. My niece lives with her and my brother gets the kids every other weekend. What options does she have to go to the college she wants without a fafsa? Editing because I had too much info that was too complicated. [link] [comments]  |
| Best way to re-finance Sallie Mae loans? Posted: 28 Apr 2021 05:36 PM PDT Have about $115k in Student loans. I have been paying consistently the past two years since graduating. I work in IT at $55k a year and started at $40k a year ago at my first job so I plan to be making more as the years go on. I want to refinance my Sallie Mae loans and cut the interest rate down a bunch. Can anyone give me any advice? [link] [comments]  |
| "How did you end up with so much in student loans?" Posted: 28 Apr 2021 10:06 AM PDT People ask me this sometimes. I pulled together scholarships that essentially covered all tuition & fees at a state school where I graduated summa cum laude. I worked about 8 hours a week about half of the time, and I did a paid internship every summer but one. Shouldn't I be a success story? How did I end up with 40k in student loans? Well I couldn't live with my parents, and my school estimates the total cost of living expenses in this scenario at 65k for 4 years. Working 8hr/wk at $8 an hour for 2 years is about $6500. Full time internships in my field at $12.75/hr for 12 weeks, 3 times is about $18500. That gives you 40k needed in loans. In reality my parents did help me out a bit, but I also messed up a bit and took 5 years to graduate - scholarships ran out in the last year. Our system is ****ed. I don't see how I could have possibly done it if I had absolutely no support from my parents. I still needed them to cosign 10k in loans because the federal maximum for loans was 30k! I guess I am a success story. Did well enough to go on to a funded PhD program and have a career outlook of 100k+ in a job I love afterwards. Don't think I could have gotten into the program if I had had to work much longer near minimum wage to afford college though... What's your story? [link] [comments]  |
| Posted: 28 Apr 2021 08:29 AM PDT Sorry I know the title is unclear. So I've been reading around and I've seen that people usually choose to repay using either the snowball or avalanche method. I have Stafford loans and Grad Plus loans. My Stafford loans have 7 loans in that category and my Grad Plus loans have two loans in that category. My servicer is Great Lakes. I went to pretend I was going to pay something just to see what it's going to be like when I do start paying. Each individual loan has a different interest rate, but they are grouped together in only those two categories. So does this mean that with federal loans you can't individually choose which loans you want to pay more on based on the interest rate? I mean, the Grad Plus loans have the highest interest rates of course. So would I just only pay extra towards my Grad Plus loans as a whole if I do the avalanche method or pay more towards the whole of the Stafford loans if I do the snowball method? Is there a way to consolidate the loans through my loan servicer so that the Stafford and Grad Plus loans all have one interest rate? Thanks for you help! I'm sorry if I sound dumb I'm just literally so new to all of this and trying to learn. [link] [comments]  |
| Posted: 28 Apr 2021 12:53 PM PDT On both my Fedloan and the NSLDS it has all my loans reading at 0%, but I want to see what they actually are. I didnt have that written down before CARES kicked in. Do you think calling myFedloan would be of any help? [link] [comments]  |
| Posted: 28 Apr 2021 09:15 PM PDT Hi Reddit! I apologize because this isn't really student loan related but I couldn't find a better community for this. Trying to keep a longish story short. I am one semester away from a degree. I walked away from seeking my degree when I got married and had kids. I wasnt super motivated at the time. Huge regret. Fast forward. Kids are getting bigger but the nag to return and finish what I started is on my mind daily. I reapplied to my university and was surprised to see that they needed a transcript from another university. It rang no bells initially. I made a few calls and and realized that I had applied for admission as a non degree seeking student to another university to take a class for a certification I was seeking about 4-5 years ago. To my knowledge, this was a non credit course but I could be mistaken. We ended up with some unexpected bills and the time didn't feel right to take that course so I thought I withdrew from the course. It was online, I never logged in, didn't attend, couldn't tell you a thing about it, nothing. However, apparently I did not withdraw. This is my fault. Full stop. I take the blame. I should add there is complexity to this issue because I was working with another program that was affiliated with this school and I think wires got crossed there as a result. Here I am and owe this other university about 4k for a class I didn't even sign into. However, I fully acknowledge I took a spot. It is what it is. My husband is adamant in not paying the bill. I understand his frustration. I'm frustrated too. However, my university will not let me attend without a transcript from the university who I owe 4k to. University that I owe 4k to says they won't send a transcript without payment. I get the shortcoming here was with me not verifying I was truly withdrawn. I've beaten myself up over it all day so please be kind. I have zero options, correct? I have to pay this and take it as an expensive lesson? I've been told to email the dean, the president, the whole chain of commands but I don't want to send my sob story out to the whole world. I just want this to be over so I can move onward and upward with completing what I started. [link] [comments]  |
| Wells Fargo stopping their student loans Posted: 28 Apr 2021 01:01 PM PDT Hi all! New here! I have a question and I'm hoping to get some advice. I graduated from my trade school back in 2017 and had student loans through WF. They "got out of the student loan business" or that's what the paper they sent me said. They sent my loans to another company and now the loans don't show up on my credit karma account since WF closed it. I've been paying off these loans for YEARS-always the minimum balance because it was always $100 a month. Does anyone have any advice for a me on how to get these paid off faster now that it's with another company? I think it's called first mark services or something of that nature. My parents were always bad with money and never taught me anything about loans or anything so I've been learning through trial and error mostly lol. Don't want to be paying these off for the rest of my life eeek. Any tips? :) thanks in advance for reading! [link] [comments]  |
| Posted: 28 Apr 2021 10:15 AM PDT My undergraduate student loans are all from before 2014. I understand that the terms of loans before 2014 are somewhat different since instead of 10% of income they can take 15%. My graduate student loans are from after 2014. What is the result? What is the cap on my payment? If I feel the cap will be an important issue for me, should I try to pay off the undergraduate loans first? [link] [comments]  |
| Newly married - wife's student loans Posted: 28 Apr 2021 10:56 AM PDT Just got married and my wife just finished graduate school. She has ~$100k in student loan debt and I have none. I make ~$100k a year and she will begin a position soon making ~$55k. She was planning on doing the PAYE plan and told me that I was required to co-sign. We have not filed our taxes jointly yet and will only do it if it makes sense to do so. Thoughts on how we should proceed? I'm no tax expert, but the feeling I get is that if she does PAYE we should continue to file our taxes separately. Is there a better option out there? Thanks in advance for any insight you all can provide! [link] [comments]  |
| Exit Counseling References For Federal Student Loans Posted: 28 Apr 2021 10:20 AM PDT Are the References notified (email, phone call, mail, etc.) in any way that I am doing exit counseling or that I have started to repay loans? Cuz I actually don't have anybody to reference cuz I cut ties with whole fam. If they found out I used them as a reference, it would be enough to make them talk shit and mess with my mom even though I also cut her off. Its not like they know where Im living anyways. Who else do I reference? My friends if they are willing? I don't have a job yet but I have like 6 months to get one before I have to start paying. [link] [comments]  |
| Do loan repayment support through your job count towards your monthly loan payments? Posted: 28 Apr 2021 07:47 AM PDT So my new job will start paying $400/month after I've worked there for 6 months. I don't have to start paying until September but I'm going to calculate today how much my monthly payments will likely be so I can choose a plan when the time comes. But I was just wondering, would the $400 contribution from my job count towards my payment. Or would I still have to pay whatever the minimum is and then the contribution from my job would just be extra? Thank you! [link] [comments]  |
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