Is going to community college first really worth it in the long run? Feeling discouraged. Student Loans |
- Is going to community college first really worth it in the long run? Feeling discouraged.
- Student loan progress
- Prodigy Finance second year loan interest higher?
- What would I still get for filing a FAFSA for 2021-2022
- Confused
- First time applying for FAFSA; confused about SAP
- Student Loan IBR and Mortgage Approval
- Taking out a graduate loan - Feeling lost
- Newbie here
- Should I start a transportation business to pay student loans?
- Finally paid off!
| Is going to community college first really worth it in the long run? Feeling discouraged. Posted: 02 May 2021 04:22 PM PDT So I've decided to go my local community college with intent on transferring into my state flagship after two years because my community college is 2k a year. I see all my friends going to all these nice schools then you have me going to community college, people have been seriously making fun of me for going to community college. I'm studying computer science and I'm far from rich and I can't afford to go to my state flagship right away or some fancy private school. So am I really missing out? Should I feel down about this? [link] [comments]  |
| Posted: 02 May 2021 03:14 PM PDT I made some really stupid decisions regarding college and loans when I was 17-20. Anyway I realized last year I was going to be in student loan debt for 20+ years and that's not how I wanted to live my life. Mid May 2020 (just under a year ago) I had about 128k in student debt ( 34k federal, 94 private). I dumped my savings (my husband and I already had a emergency fund) My mother in law moved in with us, my husband and I worked mostly opposite shifts (and some help from MIL) to eliminate our childcare costs. I changed jobs in Aug (my old job my hours were being cut constantly and my new job offers OT most of the time- im an RN for reference) I had a second baby and only took a 3.5 week maternity leave so I didn't take any unpaid time off (love the wonderful benefits I get working in healthcare- not) We cut our lifestyle back (which the world made it easier to do) so we can live on my husband's income. And my dad died (unexpectedly) with a silver lining of leaving me ~35k that I put all to my loans. I am scheduled to pay off my private loans this month!!!!!! So I will only have the 34k in federal debt. I feel so free!!!! Also to note, I haven't touched my federal loans at all with the no payments, no interest. I've opened up a separate saving account and am going to put money there once I pay off my private to put money aside for my federal loans and dump it in when they go back into repayment. [link] [comments]  |
| Prodigy Finance second year loan interest higher? Posted: 03 May 2021 12:06 AM PDT Hi, anyone here gotten a loan from Prodigy Finance? I just got my quote from them and the rate is significantly higher than my first year loan with them. I pay for my studies through a combination of scholarships, student employment and loans. This past year, I only took out half of what I needed and worked really hard to provide for the rest. It was achievable, but it was so stressful. So this year, I decided to apply for the amount which I was prequalified which approximates the amount I'll need without stressing about where I'll get my next tuition payment. But the interest increased by about 2 percentage points. Does anyone know what factors in their computation? Will getting a lower loan reduce my interest rate? [link] [comments]  |
| What would I still get for filing a FAFSA for 2021-2022 Posted: 02 May 2021 08:16 AM PDT So unfortunately due to my parents not having taxes done on time both last year and now this year I have been unable to fill out the FAFSA which is ridiculous since I am almost 23 and do not have my parents pay for anything. [link] [comments]  |
| Posted: 02 May 2021 07:37 AM PDT Hey guys this very very last minute but I need some help. I'm very confused on what to decide on. My two options are purdue for aerospace engineering for 40k or a state college for 10k. My mom told me that the first year of purdue will be expensive and we will have to pull out loans and stuff but if I have good grades I can just scholarships and grants and it will be cheaper. But idk I don't want to risk going into debt so I'm not sure what to do. [link] [comments]  |
| First time applying for FAFSA; confused about SAP Posted: 02 May 2021 05:57 PM PDT Hi all. I'm having some trouble with my loans, I've never had to apply for them before and really don't understand what's going on with my account. I applied April 6th; and got a Pell grant and some loans back. Ive recently fallen on some tough times and don't have the money to continue. However, I may have really screwed myself on that, because I have a lot of dropped classes from the beginning of my college career. I have a decent GPA but all the classes I dropped my first year put my completion rate below the 67% required by the govt. For financial aid. What do I do? I got a notification from my school that I'm on financial aid warning and that I have one term to make it up, but I don't know if I can bring it all the way back up to 67% this semester. I had no idea I was on warning this semester(It only notified me after I applied), I would have taken more classes this semester to pull it up had I known. What can I do? [link] [comments]  |
| Student Loan IBR and Mortgage Approval Posted: 02 May 2021 08:16 AM PDT Individually owe about 200k in consolidated federal student loan debt. Debt is currently in automatic forbearance but my IBR/PSLF payments are around $150 monthly. Amount will be discharged in 8 years. Combined make about 110k a year, but file separately to keep payments low. About $40k in savings and saving about $25k a year. We are planning to buy a house in the near future. I know getting approved for a mortgage using the IBR payment amount for debt calculation ratio can be tricky. I know some conventional loans do use IBR. How can I make getting approved with IBR payment amounts as simple/easy as possible? My goal is avoid going through all the steps to have everything fall through at the underwriting stage. Does anyone have experience working with lenders using IBR payment amounts for debt calculation? Can you recommend any lender in particular where you've had success? [link] [comments]  |
| Taking out a graduate loan - Feeling lost Posted: 02 May 2021 06:36 AM PDT I didn't take out loans for my undergrad because I went part-time and qualified for grants. Now, I'm taking out loans for my gradschool and the process is confusing to me. I have qualified for $20,000 a year in Federal Direct Unsubsidized Loans starting Fall 2021. Tuition is estimated to be about ~14,000 a year, not including books. I work a full time job, so as of right now, I do not need any living expenses paid for but I do live on my own and moving back in with family is not an option. I get a $1,000 grant per semester. and have no scholarships. No TA option but there are paid internships available for my final year that I will try to get, but I'm trying to assume worst case scenario so that I'm prepared. Estimated starting salary after graduating is $65-$75k in my area depending on the company. My question is - Thank you. I just feel confused on what I should do. I'm the first one in my family to even go to college, let alone get a degree and go to grad school. [link] [comments]  |
| Posted: 02 May 2021 12:09 PM PDT Hi.. can I start making payments towards to my student loan before graduating? I am in my first year of pharmacy school, but I work part-time. Is this a smart move? [link] [comments]  |
| Should I start a transportation business to pay student loans? Posted: 02 May 2021 12:05 PM PDT Hello, I am considering starting a small transportation business using my car to transport school age children to and from school and after school charging about $60-70/day for the pick up and drop off. It'd be very informal and I'd do it locally to start and have about 4-5 kids a day to start as well. I'd be quitting my $83k/yr job as a nurse to start this. Looking to gain more income to pay off loans aggressively. I was thinking this would give me an opportunity to have more time to dedicate towards other things to make more money as the pick up and drop off would be 1-2h in the early mornings and 1-2h in the evenings. Thoughts?? [link] [comments]  |
| Posted: 01 May 2021 07:42 PM PDT Well, after 6 years, 9 months, and 14 days we've paid off all 8 of my wife's student loans. They were all federal loans; we started with graduated repayment, paid extra on the smallest loan, and snowballed after that one was paid off. Our starting balance was about $54.5K, and we paid $67.8K when all was said and done. After the first 4 years, we refinanced/consolidated two of our loans to the tune of about 26K. Our interest rate on those went from 7.8% down to 3.15%, and this really helped us finally start putting a dent in those. Other than that, we didn't really do anything too crazy, didn't live like paupers (except for the first couple years when we were paupers), and didn't only eat ramen, etc. Any time either of us got a raise, or any other unexpected cash came our way, we'd try to put some of it towards loans. Anywho, it feels really weird and surreal to just be done with it, but here we are! [link] [comments]  |
| You are subscribed to email updates from /r/StudentLoans: Reddit's hub for advice, articles, and discussion about educational loans. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment