- Received a message from Navient saying that my loans would be entering repayment soon (July), but I was under the impression that they were in forbearance due to covid and payments wouldn't begin until September.
- is $65k loans a lot?
- Credit score dropped and shows late payments on student loans
- When does Student Loans start accruing again due to covid halt?
- What are the consequences of not paying a Parent Plus Loan?
- 20k student loans
- SEEKING ADVICE / HELP WITH STUDENT LOAN REFINANCE
- Is $15k debt for a data science major a lot?
- HELP... "determined that you are ineligible for federal student aid due to your unusual enrollment history."
- Seeking advice
- High federal (unsub) or low private first?
- Private loans for previously well-employed student with excellent credit and $50k in invested equity?
- International Student Overseas and Loans
- Med school debt
- Public service loan forgiveness question!
- Are there any options to refinance a private student loan with a co-signer?
- Looking for refinancing advice
- Private loan refinance
- Question About Refinancing
- I am receiving emails from AES stating my student loan payments are late? I call them and they say my loans are from 2019 but I wasn’t enrolled in school in 2019? Is this fraud? I try to create an account on their website and it doesn’t let me saying the information doesn’t match?
| Posted: 06 May 2021 06:56 PM PDT Hi, so just a heads up I am a total amateur here with student loans and how it all works so I might have to ask some silly follow up questions as we go. Anyways, as I said in the title I received a message from Navient saying that my loans would be entering repayment soon. I wasn't expecting this because I thought all loans were in forbearance due to covid which pushed back payments until September 30th. When I first log in I see the big message that says "One or more of your loans have been granted a forbearance..." I currently have 3 loans: When I look in the loan details for each one it says they are all direct loans and all owned by the Department of Education and the Guarantor is Dept of Ed/Navient Loan 2 says that the loan status is "National Emergency Forbearance-Ends 09/30/2021", but loans 1 and 3 both say that the status is "In Grace" and that Repayment Start Date is 5/26/2021 then a little further down it says the schedule begin date is 7/12/2021 Is there a reason that loans 1 and 3 wouldn't be in forbearance like loan 2 is? Is this just an error that got changed by mistake either by me or someone else, or do those loans not qualify for forbearance? [link] [comments]  |
| Posted: 06 May 2021 06:33 PM PDT So basically the college I am going to costs around ~$110k. My parents said they would pay $60k for me. I wanna start off as an audit associate in the bay area. My other option is to go to my state school, which is easier and allows me the flexibility to work. I would graduate with less debt. Also, I would live with my parents upon graduation. I will put off grad school for 3 years. Is it feasible to pay off $65k in 2 years with no other expenses? [link] [comments]  |
| Credit score dropped and shows late payments on student loans Posted: 06 May 2021 06:21 PM PDT Hello. I recently paid off a credit card and have been excitedly checking my score hoping I could finally hit the "good" range. Instead what I found was a 40 point drop, more than $5000 added to my student loan total and alerts that I've had 4 late payments. I don't have any privately held loans and when I log onto Navient I don't show any loans due. I'm guessing I have loans that are held by a different loan servicer but I don't know how to go about finding who services the loans. Credit karma just shows the late loans as "fed/staf". I would appreciate any guidance on what my next move should be? Edited to add: I called the number listed on the dept of education website and Navient is the only loan servicer that was listed. [link] [comments]  |
| When does Student Loans start accruing again due to covid halt? Posted: 06 May 2021 08:21 PM PDT I was under the impression our student loans don't continue to accrue until September of 2021. Does this still ring true? I'm waiting to pay them off in full in hopes Biden cancels some of it lmao. Can anyone give me any insight as i'm hearing differing opinions between my friends and I? [link] [comments]  |
| What are the consequences of not paying a Parent Plus Loan? Posted: 06 May 2021 03:33 PM PDT Dad has a Parent Plus Loan that was taken out in 2007, and he's never made any of the payments. Due to mental illness, a divorce, and a number of family issues he is estranged from most of his family. He's near 70 years old now, works side jobs here and there and lives frugally off of his SSI. Roughly $75 is being garnished from his SSI monthly due to the loan. He's in no position financially to be able to pay off the loan, as it totals roughly $77k now. His credit was already in bad shape, so he doesn't care too much that this loan makes it even worse. He's currently being contacted periodically by ACS (Automated Collection Services), hunting him down for payment. He has no assets (home, car, etc.) and very little cash in his bank accounts. Also doesn't have a 401k or any sort of retirement savings. Considering that he's elderly and has no plans to take out another loan or borrow from any banks for the rest of his life -
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| Posted: 06 May 2021 03:23 PM PDT Is 20k students loans undergrad bad (UVA)? Or should I take my free ride (VT)? [link] [comments]  |
| SEEKING ADVICE / HELP WITH STUDENT LOAN REFINANCE Posted: 06 May 2021 02:44 PM PDT I'm looking to refinance / consolidate my student loans. I'm a US citizen and I obtained student loans through Sallie Mae. I went to school in England and now work in Sweden and paid in SEK. I'm trying to find a company that will allow me to refinance my loans. I use my mom's address in the US as my mailing address and have a US bank account. Any help would be greatly appreciated. [link] [comments]  |
| Is $15k debt for a data science major a lot? Posted: 06 May 2021 12:35 PM PDT Title, I'd be working in the US and hope to enter a PhD program a few years after. I'm thinking of this instead of my state school (which would be more than free) because it has better opportunities and programs. State schools not bad, but the area I want to ultimately work in is not represented at their campus [link] [comments]  |
| Posted: 06 May 2021 10:03 AM PDT "The Department of Education has determined that you are ineligible for federal student aid due to your unusual enrollment history. " I have tried going to community college a couple times and ended up dropping out. I was trying to go back this summer (I'm in a much better spot now and able to focus.) I given this notice from the college I applied to. Is this fixable? Will I never be able to use the pell grant or student loans again? [link] [comments]  |
| Posted: 06 May 2021 07:08 AM PDT Hey y'all, I'm currently about to enter my last year as a psych grad student. I have about 80k in debt atm. I was one of the lucky ones to benefit from the pandemic, as I made way more through unemployment and have about $13k total saved up, with my bills paid for the next two months. Here's my predicament: My last year of grad school is essentially paying to work for free. Sept-Dec I will be expected to work around 25-30 hours at the psych clinic, then from January on will be my internship (most likely working for free for 600 hours). Fall semester will cost about $2500 for tuition credits, and then spring semester about $1250, summer and fall being the same if I have to go that long. My question is this: Do I pay for tuition out of pocket to not take out more loans? Do I take loans to cover my tuition and use my savings to cover COL (I won't be able to work much and my bills are about $1100 a month)? Is there another better option to minimize debt to finish off? If it makes a difference, I plan on getting my loans paid off via HPSA loan forgiveness. Working in a low income setting for two years once licensed pays off $50k. No, this is not like PSLF in the sense people actually get it paid off. Thank you all! [link] [comments]  |
| High federal (unsub) or low private first? Posted: 06 May 2021 09:05 AM PDT Hi, I've been registered as a FT student for a long time now (aren't dissertations fun?!.....) In the last few days I've finally decided to do something about my student debt. I haven't graduated yet but will either graduate or be done by this time next year. Right now I've got $21k to use to pay a chunk off one of my loans immediately and then start to work at paying them down every month. But I',m confused about which one to put that $21k towards and would really appreciate some advice. These are the two that I'm confused about: Total % Interest Navient $34,025 3.25% Variable - Private Nelnet $40,559 6.8% - Unsubsidized I'd originally thought about paying off the private one and then dealing with the federal, but as you can see the federal is 6.8% and going up all the time. But I'm concerned that if I leave the private one until after graduation there will be less repayment options available to me. What do you think I should do? Hope this made sense! Thanks in advance for any help, C [link] [comments]  |
| Posted: 06 May 2021 02:59 PM PDT Anyone know where I can get a loan without a cosigner if I used to work for Spacex and I have $50k+ in investments and a 785 credit score? I left work to go back to school and have been living off of savings since the start of Winter quarter but I need to take a loan now. [link] [comments]  |
| International Student Overseas and Loans Posted: 06 May 2021 08:34 AM PDT Hey guys, I want to go to college overseas and I'm from America and am currently living here still. To be honest, I'm so confused about this entire process. I know that I'd need a student loan to pay for my tuition there, but I have no idea how to go about banking or literally anything. When you're wanting to become an international student outside of America are you supposed to take out your loan with an American bank or credit union? Or are you supposed to handle that in an overseas bank? Can you even open an overseas bank as an international student? I plan on moving there to not only study and work, but also become a permanent resident. If there's any general info you guys can give me about the process of becoming an international student and taking out student loans, that would be very much appreciated. Thank you. [link] [comments]  |
| Posted: 06 May 2021 07:14 AM PDT Hello, here are all of my loans from med school. I spoke w a financial advisor recently and he suggested I start paying off #020 first since it is the smallest amount. Once that's been paid off, he suggests going for the next smallest balance loans like #011 or #013. He says the idea is to pay off as much of the principle balance as possible which is why it's advised to go for the smallest balance loans first. I was under the impression that one should pay off the loans with the highest interest rate first and for me those would be #013 and #015. Appreciate any advice you guys may have. Thanks! [link] [comments]  |
| Public service loan forgiveness question! Posted: 06 May 2021 07:05 AM PDT Nursing grad student looking to get another grad degree soon after. The section on qualifying employers & other types of not-for-profit organizations based on qualifying public services states: "A not-for-profit organization that is not exempt under section 501(c)(3) of the Internal Revenue Code is considered a qualifying employer if it provides at least one of the following public services: Public health including nurses, nurse practitioners, nurses in a clinical setting, and full-time professionals engaged in health care practitioner occupations, health support occupations, and counselors, social workers, and other community and social service specialist occupations as such terms are defined by the Bureau of Labor Statistics" Therefore, does that mean as long as I'm using my nursing degree(s) working as a nurse or NP, my employer would qualify & I am eligible for PSLF? I just want to make sure before I chose a repayment plan incase I don't work at a government hospital or for some reason my employer is not a 5013c as I'm working as a nurse or nurse practitioner in the future. Any advice is appreciated, thanks in advance! https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service [link] [comments]  |
| Are there any options to refinance a private student loan with a co-signer? Posted: 06 May 2021 06:41 AM PDT I'm not able to refinance on my own because I went through bankruptcy last year. When I was looking at Earnest, I'm not seeing a co-signer option. Anyone have advice? [link] [comments]  |
| Looking for refinancing advice Posted: 06 May 2021 06:39 AM PDT Hello, I am currently going for my bachelor's after having gotten my associate's. My loan is not too bad, at about $33k total. However one is through Navient, and the rates are fine, but the other two are through Sallie Mae, with an 8% and 10% interest rate respectively. This is, of course, pretty high and I am looking for other options as to where I could consolidate all these loans and with a lower interest rate. I use Discover for my credit, and my credit score is high. Are they a good option for this? I also tried Earnest but grew wary of their attempt to ask for bank log-in information. EDIT: The two high-interest accounts I am concerned about are for the degree I am currently going for by the way, I am unsure if that affects things and if I am unable to refinance these until I graduate. [link] [comments]  |
| Posted: 06 May 2021 06:33 AM PDT I'm in the second year of my MA program and won't be done with school for another six years since I'm getting my PhD. I'm no longer taking out private loans, only FAFSA, and I'm wondering if it's a good idea/possible to refinance the private loans now and then defer for the rest of school. (I intend to refinance privates and consolidate FAFSA.) My private loans all currently have pretty high interest rates, so getting in a lower rate sooner would be better; however, I definitely couldn't make payments until I'm done with school. Is it possible to refinance and defer? [link] [comments]  |
| Posted: 06 May 2021 05:56 AM PDT Hi everyone! I need some help determining if refinancing is worthwhile for me... Current situation is about $75,000 of SLD. Due to my employer being the school I attended, and "enrolled" as part of a co-op program, my loans are still in deferment until 2024, despite having graduated. This means I am not REQUIRED to make any payments but do make about $500-$600/month payments. My Discover loans are the worst portion, originally sitting at $26,000 at 10.740%. I've managed to pay down this loan to $13,365. My other loans have much lower interest rates and are entirely manageable. Now my question is, should I refinance the high interest rate Discover loan if I will have it paid off in approx. 2 years anyway? This would require that I make payments and would pull me out of deferment on that loan. Would this save me any money realistically with a quick payoff? [link] [comments]  |
| Posted: 06 May 2021 05:43 AM PDT I called them just now they said they're sending me a fraud package but this doesn't make any sense. I went to this school in 2016 and dropped out in 2017. So how could I have taken out a loan in 2019? And every time I go to https://www.aessuccess.org and try to "forget password" with the email they sent the information to it says no account found? Then when I try to create an account with my social and name it says the information provided doesn't match any loan we have on file not allowing me to create an account. What can I do? I see my actual loans from the school in 2016 are in forbearance right now until September because of covid. I never even heard of aessucess until that email. Every time I want to check my loans I just go to Fedloan for my regular one and Great Lakes for my parent plus loan. Someone please help me I'm so scared right now and anxiously waiting this fraud packet. [link] [comments]  |
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