Can you make a lump sum payment to essentially “pause” the required minimum payment for a year? Student Loans |
- Can you make a lump sum payment to essentially “pause” the required minimum payment for a year?
- Public Service Loan Forgiveness
- Can I reapply for student loans after getting out of probation mid-year?
- What will I be paying back?
- mohela.com legit?
- PANIC with MPN
- Student Loan Repayment Story
- Very confused about student loans
- So i need some help with my studen loan forgiveness app
- Getting a little desperate to find student loans for an international school. Anyone who's been through this as a US student studying abroad?
- please help w co-signer bs
- Teacher Loan Forgiveness Questions!
- Requirements for a potential student loan cosigner in the US
- What is considered a reasonable APR for student loans?
- Grad Plus Loans
- Is it typically easy to get a FAFSA exemption in a case of abusive parents?
- consolidating private loans a thing?
- HELP ME!
- Do I have to start repaying my loans after exit counseling even if I am going back to full time college?
| Can you make a lump sum payment to essentially “pause” the required minimum payment for a year? Posted: 27 May 2021 04:30 PM PDT Is it possible to make a lump sum payment (for example $5,000) to put the loan account into paid ahead status? Would the minimum monthly payment still be required to be repaid? This is for a parent PLUS loan. [link] [comments]  |
| Public Service Loan Forgiveness Posted: 27 May 2021 06:06 AM PDT My fiancé is about 5 years into the 10 year Public Service Loan Forgiveness. She went to law school and did another graduate program so it is quite a lot and we don't want to mess anything up in terms of eligibility going forward. When the pandemic hit and federal loan payments were put on hold, she continued to make payments out of an abundance of caution to ensure she didn't disqualify herself from the loan forgiveness program. Now she was contacted saying she is eligible for a refund from her payments over the last year. Can anyone give any advice on if she took the refund does it effect her PSLF eligibility or timeline to completion? Thanks [link] [comments]  |
| Can I reapply for student loans after getting out of probation mid-year? Posted: 27 May 2021 10:18 PM PDT I am currently on academic probation so I can't receive federal loans. However, after this fall semester assuming I pass my classes the probation should be lifted. Could I get a loan for the spring semester of that year? [link] [comments]  |
| Posted: 27 May 2021 05:08 PM PDT I just need a rough estimate. I have 238k in loans and have an income of 90k. With income driven repayment how much should I expect to be paying a month? Over the phone they said $420 I don't know if that's accurate. I'm waiting until September when they are no longer frozen due to COVID to start paying them back. [link] [comments]  |
| Posted: 27 May 2021 04:27 PM PDT Took out a student loan and got an email about making an account on mohela.com Is it legit? [link] [comments]  |
| Posted: 27 May 2021 10:22 PM PDT While I was doing the MPN my computer shut down and thus logging me out of all of the fafsa. Now, I can't re access my MPN and I saw that you have to do it one sitting and I am freaking out. Has anyone gone through this I am so scared [link] [comments]  |
| Posted: 27 May 2021 03:35 PM PDT Many on this forum who are still working on paying off their student loans might feel discouraged at times. I hope this real-life account of a payoff journey might keep the fire burning and be relatable to some as it was for me. This is the journey of a friend of mine we'll call John as he told it to me. John finished his undergraduate in late 2000 with $12k in student loans. This was right as the tech bubble was popping. Job offers suddenly disappeared and he had just 6 months to find something before the student loan payments were due. Desperate and fortunately, he took a full-time job paying ~24k/yr and six months later found another part-time job which added another $10k-$12k depending on how many hours. Recognizing the amount of debt he had, student loans and credit cards, he decided to stay home with his parents until the debt was paid. Now, I know, many of you are thinking of yet another one that only paid it off because he was able to stay home. Well, it surely was a great help. I can assure you that with a typical 55hr+ work week and taking additional classes he was barely home. In addition, he assumed the household grocery and cable bills. It took him about 2 years to pay off his student loans and his new classes and graduate school were covered by his employer. You'd think that was all, several years later he got married and his wife had student loans from both undergrad and graduate degrees totaling $50K. By this time he had moved out, obviously, and totally independent. He and his wife had to buy all new furniture since it was their first time moving out of their parent's houses. Spent over 10k in moving out. He had a car note plus cc'd debt from the wedding and just life. They earned about $88k combined in an HCOL coastal city. Well, all told they owed got to around $72k in debt paying ~6k/yr in interest. They got angry with themselves. They made a commitment to get rid of that debt. It wasn't easy, they planned and budgeted. They kept that 6 yr old car until the wheels fell off. They ignored the peer pressure to spend on luxury like jewelry, cars, tv's, bose systems, big fancy apartments and the list goes on. Instead, they worked on improving their earning potential by learning new skill sets. That helped them get raises and promotions. After four years of intentionality and focus, they paid off their credit cards, student loans, car note in that order. They also reached that $100k, $125k household income which allowed them to more easily afford the ever-increasing rent in this HCOL city. He and his wife told me that they celebrated when their net worth reached $0. Because they saw that as their turning point. Celebrated again when their previously mentioned debts were paid off. Once the debt was paid off they spent another 4 years without a car note until that car broke down. But by then they could easily afford to buy a new one and they paid that one off within 3 years. They used the extra free cash flow, remember that $6k/yr on interest, to fund their retirement and savings. Yeah, they are sitting pretty now. They are about to close on their first home. Some people have looked at them or read this story and think "That can't be me they were lucky". They would admit they had good fortune along the way. But, I posit the following, they made sure they did what they needed to in order to take advantage of the lucky breaks, and in many ways, they MADE their own luck. They took control of what they could and were intentional. In the end, those very friends that used to consider them the "poor" couple don't even realize how much better off John and his wife are compared to them. You can do it as well. Be intentional with your money. Set goals and create a plan to achieve them. It won't be easy and it won't be a straight path but take the first step and then the next. Their story inspired me when I heard it. I hope it does for you as well. [link] [comments]  |
| Very confused about student loans Posted: 27 May 2021 10:06 AM PDT I need $3K to pay for my last semester of undergrad. FAFSA has run out and I don't know where to start to look for a loan. I can't pay for the classes in any other way and I don't know where to look. [link] [comments]  |
| So i need some help with my studen loan forgiveness app Posted: 27 May 2021 03:00 PM PDT I attended ITT Tech and as we all know by now it defunct for fraud. So I'm starting my borrowers defense and I'm trying to understand what evidence they need to help me forgive my student loans. Any help would be appreciated [link] [comments]  |
| Posted: 27 May 2021 05:02 PM PDT Background info: US student returning to school to study at a university in England. This school is not on the federal list of partnered schools, so it requires a private student loan. I've checked with every student loan provider I can find, but I can't seem to find any that will provide aid to a US student for my particular school. The school itself has not yet replied with a list of lender options, so I'm trying to get some more information. Surely people have done this before? [link] [comments]  |
| Posted: 27 May 2021 02:26 PM PDT My co-signer for the past 2 years has been in the hospital and she is very unwell. So she is not able to help me with loans. I use discover private loans to pay for my rent. So basically speaking here, i've paid my payments for my private loans for the past 2 years on time, never late. thanks autopay. and i have a discover credit card that i use about $30 on a month that's also on autopay. so my credit score is around a 710. but they denied my application. can anyone help me understand why? or what i should do next? my next semester of school is 3k more (got accepted into a program) so i'm just about to give up. [link] [comments]  |
| Teacher Loan Forgiveness Questions! Posted: 27 May 2021 02:08 PM PDT I am finishing up my 6th full year teaching this year. I have taught at multiple school districts during my teaching career. My questions are: Since I have moved around districts, I have not always been at a Title 1 School. Do the years of service need to be all back to back at Title 1 schools or can I use those years to add up to 5 total? One district I taught in for three years is Title 1 eligible, but I head the exact school I taught at is not? How does that make sense? [link] [comments]  |
| Requirements for a potential student loan cosigner in the US Posted: 27 May 2021 12:31 PM PDT Hi all. My parents are currently in the process of moving to the US. I'm planning to join them in 5 to 6 years' time. I'll probably be taking a student loan for my studies upon my arrival. They will probably have to cosign for me. Does anybody know what the general requirements for a student loan cosigner are? I'm aware of the Credit Score condition. But what are some of the other ones? How big of a deal is the employment part? Does a cosigner have to have a solid high-paying job in the US in order to qualify? Kinda worried because my folks will mostly be living off a foreign source of income. Appreciate any help. [link] [comments]  |
| What is considered a reasonable APR for student loans? Posted: 27 May 2021 07:55 PM PDT Hi, I'm looking to take out college loans for the first time. Over the next four years in undergrad, I expect to take about $27,000 in federal loans and $13,000 in private loans. I applied for a few private student loans and the lowest APR I've been offered thus far is 5.45% fixed from Ascent. (I applied to Ascent, CollegeAve, Credible, Discover, Earnest, EDvestinU, Sallie Mae, and SoFi) Is 5.45% considered reasonable? What other provider should I look into? Thank You! [link] [comments]  |
| Posted: 27 May 2021 09:07 AM PDT So I've heard about how you can make 120 qualified payments (10 years) through a 501 c3 organization (nonprofit or government job) and have the rest of your federal loans forgiven, however, does this include Grad Plus loans? [link] [comments]  |
| Is it typically easy to get a FAFSA exemption in a case of abusive parents? Posted: 27 May 2021 09:35 AM PDT I can't really provide evidence of my parents' abuse (which does hit several of the points that define abuse according to finaid.org) but I'm working to get out of their house and ideally I cut contact with the parent who manages household finances. Which would mean filing the FAFSA would become difficult if not impossible (or can I file the FAFSA without my parents' info?). I'm worried that it's going to come down to a choice between having access to federal loans and my health. I did try and look online but couldn't really find much helpful info, hence why I'm posting here. Thank you guys in advance and if this isn't the right place to be asking, please let me know! [link] [comments]  |
| consolidating private loans a thing? Posted: 27 May 2021 07:29 AM PDT i've got some private loans with sallie mae and firstmark (aka wells fargo). is there a way i can consolidate these loans together? if i can, where would i go? just wanting to stay ahead a bit! [link] [comments]  |
| Posted: 27 May 2021 07:10 AM PDT I am a non-traditional student going through the medical school journey and I just need some advice. So obvi med school is expensive, but just applying to go is expensive also. I am starting to take classes in the summer and so I wanted to take out a sallie mae loan so I could use those extra funds to study and pay for my MCAT prep and courses I need to take. But, I can only be approved with a cosigner since I don't have any credit and I have no idea who to ask. So does anyone have any advice? I am out of fasfa and really need this money to help in the future. [link] [comments]  |
| Posted: 27 May 2021 02:54 AM PDT Last semester I only took 2 classes so I recently had to complete exit counseling. However I am now registered for full time student in the fall. Do I now have to start repaying my loans even if I am going back to college?? [link] [comments]  |
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