Withdrew from grad school, received "covid discharge" from gov't Student Loans |
- Withdrew from grad school, received "covid discharge" from gov't
- Deferment/cancellation isn't happening so might as well refinance
- Laurel Road 0.25% interest rate discount for opening a savings account?
- No co-signer no credit history
- Parent Plus Double Consolidation
- Texas Cal loans
- Help with 95k Student Loan Debt
- What’s going on with my interest?
- Next payment due April 2022?
- Graduate School Loans
- UK to NL - Student loan help needed. Financial troubles, sly landlord, possible homelessness
- The system is broken
- COLLEGE REFUND???
- Advice on how to fund next semester after losing a part of my scholarship?
- Outstanding tuition
- Student loans showing $0 on my credit report?
| Withdrew from grad school, received "covid discharge" from gov't Posted: 30 Apr 2021 06:30 PM PDT Hi all, I was wondering if anyone can help me understand my situation and if anyone else has experienced a similar situation!
(I believe this is a similar situation to what is discussed in this post: https://www.reddit.com/r/StudentLoans/comments/ksra6k/an_explanation_of_the_supposed_covid_discharge/ but I'm honestly still really confused about the whole thing) Any advice on what steps I should take would be greatly appreciated! Would it be possible for them to ask for the loan back later and charge interest on it even tho it is not currently in my account? Additionally, there is still a ~$3k "credit" in my school student accounting & billing account, does the school not need to give this back to the gov't? (Sorry if my questions don't make sense I'm just kind of mind boggled by the whole thing haha) [link] [comments]  |
| Deferment/cancellation isn't happening so might as well refinance Posted: 30 Apr 2021 10:16 AM PDT Yea, it definitely doesn't look like there will be any more deferment, and I make too much to to have anything cancelled (but of course, I'm no doctor or lawyer). I'm not taking any chances with rates getting higher, and they'll probably be even higher by October (when the federal loans need to be paid again). So I'm thinking why take my chances? There is no point in holding out a few more months and risking a higher rate in October. I got a damn good refi rate from Lend-Grow am I'm afraid I won't get that kind of offer in a couple months. My plan was always to refinance but I'm thinking of just doing it now. Pro: I have a really good student refi offer from Lend-Grow now Con: I'll start paying on it a few months sooner Thoughts? [link] [comments]  |
| Laurel Road 0.25% interest rate discount for opening a savings account? Posted: 30 Apr 2021 03:09 PM PDT Has anyone ever seen this before? I'm looking to refinance student loans again and Laurel Road is offering the lowest rate (pre-qual rates), partially because in addition to the standard 0.25% autopay discount, they offer an additional 0.25% discount for opening a savings account. Has anyone gone through with this? Is there a minimum balance you need to maintain in the account? Wondering if this is worth it. I currently have $89k @ 4.02% for 10 years, and Laurel Road is offering 2.80% on the same term, reducing the monthly payment by about ~$85. [link] [comments]  |
| No co-signer no credit history Posted: 30 Apr 2021 12:35 PM PDT Hey all. I was recently accepted into college. I got a scholarship and am receiving some financial aid. I am still going to need to take out almost 24k every year. I am fine with this. However, my parents don't want to co-sign or take out the Parent Plus loan. I get it, it's a very large amount of money and a huge commitment. I'm not 18 yet so I don't have a credit history, otherwise, I would do this on my own. Does anyone have advice on finding a cosigner? thank you so much! [link] [comments]  |
| Parent Plus Double Consolidation Posted: 30 Apr 2021 09:04 AM PDT So I went to a private school and took out about 26k in student loans while my parents had to cover the rest of my schooling ending up with about 41k. I was reading into double consolidation. My parents are about to retire and I was wondering if someone could give me some guidance on if they could double consolidate and then opt in to PAYE where I could just make the payments for them. Is this an option? [link] [comments]  |
| Posted: 30 Apr 2021 11:24 PM PDT I have a few cal loans with different interest rates that I have to start making payments on soon and was curious if you guys had any tips/tricks to start paying them down and what might be the best approach to tackling them? [link] [comments]  |
| Help with 95k Student Loan Debt Posted: 30 Apr 2021 10:21 AM PDT so i've refinanced, got interest rate to 6.7%, and am on the income-driven payment plan (i make about $32k/year before taxes in NY). Most tips i see are "pay the small loans off first asap and then work on the big ones", but my loan is literally just one $95k loan. There's no smaller loans i can tackle first to lower the amount. I had to call the private loan company to confirm. Anyone have any helpful tips?? i'm only 24 years old but having that one large sum to pay back is a lot to take in...what's the fastest and best method to get on top of this debt? SOS [link] [comments]  |
| What’s going on with my interest? Posted: 30 Apr 2021 02:42 PM PDT Hey folks. I'm in the process of trying to understand my student loans. I've got tons of questions but for now, I want to ask a simple one to see if that helps me answer the rest on my own. So, here it goes. The monthly payments I'm making aren't being consistently applied to the interest. According to my best understanding, as the principal goes down, more of your payment goes towards paying off the principal and less goes towards paying the interest. So says the excel spreadsheet I made. But when I look at the proportion of my monthly payments, the portion going to interest is varying up and down over the course of months. I do notice there is a C next to each intesrest value but I don't know what that means. My best guess is that it means capatilized. But I can't see why it would be. This loan has never changed its payment plan, never been late on any payments and the minimum (and then some) is paid every month. Any ideas what's going on with the interest? Loan details as follows: Starting Principal: $46,752.73 Starting Interest: 6.125% Fixed Repayment period: 84 months Note: interest dropped to 5.875% fixed starting on the 14th month. [link] [comments]  |
| Posted: 30 Apr 2021 05:15 AM PDT My Nelnet account says my next payment isn't due until April 2022. Did we get another extension that I missed? [link] [comments]  |
| Posted: 30 Apr 2021 07:35 AM PDT Hey guys! So I am starting graduate school for Nurse Anesthesia in May. I am trying to decide what I want to do as far as loans. I have some money saved up from working before school, but I have also been granted some unsubsidized loans. Apparently with grad school you can't receive subsidized loans. Does anyone know if this is true? Also, would you suggest me just taking these loans instead of using my savings right now to pay for school? Any advice would be appreciated! [link] [comments]  |
| UK to NL - Student loan help needed. Financial troubles, sly landlord, possible homelessness Posted: 30 Apr 2021 02:17 PM PDT Hello, I've never used Reddit before so sorry in advance if this post doesn't cover your submission criteria mods. I need some financial /student advice from anyone whoes studying in NL, who knows how the student loan system works there. I'm unsure how exactly to explain my complicated situation yet I'll try and summarise it. -UK student studying a 2 year MSc in Nederlands
-Fast forward to April, landlord is still messing me around, still hasnt fixed it. He's charging me rent, still, if I dont pay he will kick me out. They have stopped responding to my requests to fix the property, I'm considering legal action but cannot afford it right now. Getting a new property is my uni city is notoriously hard.
I'm considering having to drop out of uni because of financials. I need a loan yet I'm someone who always saves before paying something in full, I don't want intend to get Into a debt I cant currently pay back.
I'd appreciate any help or advice you could give on the student loan side of this. Thank you for your patience if you are reading this, I'm really confused on what to do. [link] [comments]  |
| Posted: 30 Apr 2021 01:56 PM PDT Growing up I was told that you have to go to college if you want to have anything resembling a decent life. My parents are rich enough that I qualified for jack s*** in aid. Yet anyway, they said that its worth it, they both went to college and are doing well enough that I don't qualify for jack s*** in aid. So anyway I went to an IN-STATE school. Didn't even qualify for federal non-direct loans. Took out 30k federal, 120k private loans. Graduating this semester, took a look at my loans, and I already have about 50k of interest tacked on. In this country, college is not for everyone. I thought that the system was bad, but not horrible. I was wrong. If you are rich enough, college sounds great, if you are poor enough, college sounds great. But if you are somewhere in the middle (not really but whatever) then yes its the systems fault but DO NOT GO TO IN-STATE COLLEGE, please consider community college as mentioned in one of the responses . Tldr; My two choices were work minimum wage, or go into 200k debt for college. Hard to imagine, but I would have been better off making minimum wage. I owe $3,000 /month, I'm f***ed, don't end in the same situation as me. Edit: I would have been far better off having gone to community college, and I'm sure many people in this position would be as well. [link] [comments]  |
| Posted: 30 Apr 2021 09:50 AM PDT Ok so I started college last year 2020 but left about 2 months in because covid hit and I went to work to help my parents pay bills. Today I received 1,300 into my bank account from my college saying SJDC REFUND. No I didn't qualify for fasfa and I never paid anything to the college??? I'm confused on what this money could be for???? [link] [comments]  |
| Advice on how to fund next semester after losing a part of my scholarship? Posted: 30 Apr 2021 01:12 PM PDT Title. The past year of online classes had ruined my gpa and it's now at a 2.9 which will make me lose part of my scholarship. If I get it back up above a 3 I will receive all the money I missed but that wouldn't happen until the spring at least. I'm already doing an internship this summer, so I can't work and I don't know what to do. Any suggestions? Will a 2.9 let me apply to more outside scholarships to help offset the cost or will I have to take out a private loan for school? Thanks! [link] [comments]  |
| Posted: 30 Apr 2021 08:29 AM PDT Last session that started in August, I failed to file for FAFSA and I didn't get any loan offered to me but now I'm in a stitch as I now owe 15k for my spring semester. I've tried calling my bank but they don't offer loans to clear out outstanding bills > 90 days. Is there any loan service that you'd recommend to call to at least get the tuition paid off? Is there any way to apply for a federal loan and still apply for FAFSA for the upcoming session at the same time? Any useful insight would be greatly appreciated. Thank you. [link] [comments]  |
| Student loans showing $0 on my credit report? Posted: 30 Apr 2021 07:50 AM PDT On Credit Karma I noticed my student loans showing all $0's and I know that's not true. Why are they showing all zeros? [link] [comments]  |
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