$120k in loan for my bachelor degree? Student Loans |
- $120k in loan for my bachelor degree?
- Federal Unsubsidized Loans
- Masters degree loans
- Heartland ECSI
- Addressing my law school debt?
- How exactly do loan payments work?
- If you attend two schools at the same time can you get a Sallie Mae loan for each school?
- Pslf- but not on the correct payment plan?
- Submitted IBR recertification for 2021-22 but apparently the online application was only able to find my 2019 IRS returns, not last year's.
- Sallie mae is a nightmare
- Things I should be aware of, or cautious of before attending college?
- Lawyer asking for personal info
- Can I take out a student loan during summer to cover spring semester tuition?
- Reached the max for Federal Student loans, if I pay off the balance (31K) can I take out loans again when I go back to school?
- Any recommended places to pursue student loans?
- Can I add the cost of rent to my student loan?
- $300K in loans for undergrad?
- Not-So-Fun Fact
- Student Loans
- 708 credit without a cosigner?
- is taking $500 - 1k in subsidized loans per term dumb?
- Should I reconsolidate my federal loans with the dept of education?
- repayment calculator?
- How long did it those that got a refund from covid relief payments from fed loans?
- Looking to refinance/consolidate and want to ensure that I can still pay my loans off early
| $120k in loan for my bachelor degree? Posted: 07 Jun 2021 09:54 AM PDT I was born in June of 1999 and moved to California in October of 2019. A month later, I received my green card. From January 2020 to May 2021, I attended community college. I was able to transfer to UCB and will begin classes there in the fall of 2021. I plan to major in STEM. However, California's residency policy messed me up real good. Allow me to explain my situation. Because I am under 24, I am classified as a dependent on the FAFSA. It is nearly impossible for me to demonstrate my independence right now because I am living in a house with relatives (my parents do not live here), and I do not have my name on most utility bills. All I have is a California driver's license and a car with my name on it. I live off of my savings (I'm an immigrant, so I saved a little before moving to the United States). As a result, I am concerned that I will have to pay the out-of-state fee to attend UCB and will receive no financial aid other than the FAFSA (approximately $6500 per year). What really worries me is that I will have to take out a large loan to attend UCB. The estimated amount is around $60000 per year, and I could only reduce it slightly by living off-campus. So, with two years at UCB, I'll be taking out a $120k loan. If I live off campus, I'm guessing I'll still have to take out a $100k loan. Is it really worth it, as a new immigrant, to take out a $120000 loan for my bachelor's degree (STEM) at UCB? If I go to graduate school, the money will add up. Is there another path I could take? Thank you in advance. [link] [comments]  |
| Posted: 07 Jun 2021 11:44 PM PDT When you take out a federal unsubsidized loan, are payments automatically deferred until after you graduate? Or do you have to apply for deferment? [link] [comments]  |
| Posted: 07 Jun 2021 11:13 PM PDT I have a couple questions regarding loans for a masters degree. For context, I am planning on pursuing a thesis masters of science in either Microbiology (Texas tech) or biology (Texas state), with the intention of pursuing a PhD after the masters. I currently have 25k in loans from undergrad, and if I accept the entire loan for both of my years while getting my masters degree I will end up with about 65k in debt total. Does this sound reasonable? Currently, I am unaware of any possible loan forgiveness for pursuing a PhD, so I was wondering if any information can be provided about the possibility of it if it exists. [link] [comments]  |
| Posted: 07 Jun 2021 10:47 PM PDT Hey y'all, recently my sister and I applied for forbearances on our loans with ECSI. They were accepted but then we received emails stating they hadn't received the additional information they were asking for, we never got a letter or email from them asking for additional information. That's not the troubling part though, on both of our online accounts BOTH of our applications are available on each of our accounts. Meaning my sister has my application available to view on HER account with my ssn and everything!! Im not even sure what advice I'm seeking tbh…I'm contacting support tomorrow but have saved screenshots, am I overreacting? [link] [comments]  |
| Addressing my law school debt? Posted: 07 Jun 2021 03:57 PM PDT I graduated law school in 2019 with approximately 95k in federal debt (about 13k of that is the higher interest PLUS loans and the rest is lower interest Stanfords). I clerked for a judge for a year after I graduated and accumulated about 7 months towards PSLF. I then got a job at a firm (135k) which I absolutely hated. Worked there for about 8 months before I got an offer to work for the state with a former mentor in an area I absolutely love (70k). Needless to say I took the job. While I was at the firm, I didn't make any payments on my loans because of COVID forbearance — just focused on paying off credit cards from law school and building savings instead (was able to save about 20k). I definitely plan on sticking with the state and doing PSLF, but I am wondering whether it would be beneficial to just use my savings to pay off the higher interest 13k loan right before the forbearance period ends? I can't tell if doing so would actually benefit me in any way or if it would just be to make myself feel better. Note that I realize there is substantial self-directed research I could be doing on this point, but I figured it'd be easier to start here to get initial thoughts. [link] [comments]  |
| How exactly do loan payments work? Posted: 07 Jun 2021 05:44 AM PDT I'm on the hook for 80k of school for 2 years. I'll also be paying rent. Say I decide to pay $0 out of pocket for my degree. What happens? I'm 28, headed to business school, and completely clueless on this. How's that for irony? [link] [comments]  |
| If you attend two schools at the same time can you get a Sallie Mae loan for each school? Posted: 07 Jun 2021 04:21 PM PDT |
| Pslf- but not on the correct payment plan? Posted: 07 Jun 2021 02:55 PM PDT I finished school in 2008, And since then I have made monthly payments on my student loans (balance originally 55k). I consolidated them when I graduated into a 25-year extended repayment plan. I have worked for the state government since 2004 so I have more than enough time in to qualify for 10 years. However because I am not in an income-based repayment plan, I don't think I will qualify for public service loans forgiveness (current balance of 34k). Is this right? I heard that there might be some sort of bucket of money available for people who could be in the wrong type of repayment plan? Anyone know anything about this? [link] [comments]  |
| Posted: 07 Jun 2021 12:19 PM PDT Due to the pushed back filing deadlines for both 2019 (July 2020) and this year's massive processing backups, is this a pretty common thing? I'm 90% certain my 2020-21 IBR application was processed using my 2018 IRS returns. I submitted my 2020 tax return in April of this year but it's still "processing." This actually works out to my benefit as my 2019 income was lower than my 2020. The application specifically asked "has your income substantially decreased since 2019 and I honestly checked "no." (It did not ask whether the income changed or increased.) My only concern is, my 2020 income was literally twice that of 2019. I'm not going to get arrested am I? [link] [comments]  |
| Posted: 07 Jun 2021 11:18 PM PDT Everytime I call to ask questions, they give me contadicting answers. I'm going insane. I have to pay 2000 a month. I barely have a job. No one can help me and I can't find anywhere to refinance. I maxed out my credit cards on the last two payments. I honestly wouldn't pay it if it didn't hurt my co-signers' score. I'm more stressed now than when I was living paycheck to paycheck in school. [link] [comments]  |
| Things I should be aware of, or cautious of before attending college? Posted: 07 Jun 2021 10:38 PM PDT Hello! I am currently an 18 year old, actively taking my gap year to explore myself, and to improve upon my mental health and savings. (Currently at 4.4k) I was wondering what I should be knowledgeable of if I ever had to depend on student loans in the future that many upcoming freshmen aren't aware of? For reference if it helps, I plan on attending community college first, and will apply for the FAFSA alongside it while staying at home for those 2 years. I'm just worried despite the low household income my family posseses that could boast the aid provided, my savings as I build it up will prevent me from getting what I can receive to avoid using intense loans in these upcoming years. Thank you so much in advance! I'm sorry if this isn't allowed, but student loans have been the biggest drawback on me attending university besides being unsure on if I'm prepared. (Since I've seen how damageable it's been for few of my relatives and don't want to follow the same path naively). [link] [comments]  |
| Lawyer asking for personal info Posted: 07 Jun 2021 09:06 PM PDT I have recently decided to take up a lawyer to handle a debt of mine that went into collections. They were not federal student loans, but owed directly to the school. I don't know what this classifies as. My lawyer thinks that it might be partially dismissible. However, I still haven't signed a contract with him and he's requiring my personal info including my SSN, paystubs etc, in advance to the appointment (even before payment). This is also my first time hiring a lawyer so I don't know a lot. Can my lawyer disclose any of my info to anyone? Or will I have attorney/client privilege even before actually signing anything? [link] [comments]  |
| Can I take out a student loan during summer to cover spring semester tuition? Posted: 07 Jun 2021 05:14 PM PDT title says it all. I've never taken out a loan before. edit: 2021 spring. [link] [comments]  |
| Posted: 07 Jun 2021 02:22 PM PDT As the title suggests I maxed out on my student loans. I have enough credits to graduate with my associates in a tech field. Can I pay off my balance and get student loans in the future? [link] [comments]  |
| Any recommended places to pursue student loans? Posted: 07 Jun 2021 07:45 PM PDT Title. I'm a junior in college transferring from CC to university and I've been given a max of $6500 in unsubsidized federal loans from my school, which just barely doesn't cover my tuition and doesn't cover my housing at all (I have to live on campus, the cost of living off campus is too high and commuting from my parent's place isn't feasible). My school's website is super unhelpful in trying to find help on loans (legit you click on the 'click here to find loans for school' tab under Financial Matters and it's like 'oh here's how to fill out a FAFSA' like i didn't do that 6 months ago and that's it, no actual information on loans) and I don't trust those paid-off review sites that are at the top of the web search results. I've already applied for a student loan from Thrivent, since my family has been working with them from ~10 years and I know I can refinance my loan with them once I'm graduated and employed so it's more managable, but I'd like to pursue other places just in case it falls through. I'd much rather go off advice from people with experience taking out and paying off loans than on guesswork and pitches from salespeople running loan sites. Any recommendations? (I've already heard less than favorable things about Discover and I almost applied to College Ave but they seemed sketchy). [link] [comments]  |
| Can I add the cost of rent to my student loan? Posted: 07 Jun 2021 09:25 AM PDT I'm going to a school that doesn't offer room and board to it's students, but instead offers student housing at a monthly rate that's about half of what average rent is in the area. I don't want to have to stress about if I'll be able to afford rent every month while going to school, and would rather put it on a loan. Can I put the $500/month or so onto the $13k/year (2 years, it's a technical school) I'll already be needing to take out? Can I also add the cost of a new computer to the student loans? The computer is something the school requires I have, but I don't have the money to shell out $1k+++ on a GPU right now, otherwise I'd just build the thing myself. Thanks in advance for help! [link] [comments]  |
| Posted: 07 Jun 2021 10:26 PM PDT I'm a high schooler right now thinking about college apps. I have a dilemma where my parents make too much for me to get any fin aid for college but they also won't pay, so I'll be paying sticker price at whatever college I go to and I'm taking out loans to cover it. I'm planning on majoring in math+CS and aiming for top schools (e.g. HYPSM), and I think I have a reasonable chance of getting into a T5. However, for all of them I'll need to take out ~300K in loans. So I was wondering this sub's opinion on whether or not this is worth it for top colleges. What do you think? What factors should I consider? Some more info. My state school is UMD and I think I can fairly easily get a full ride there, so that is my other option- however, I've heard job prospects from UMD are pretty trash. I know several UMD grads and none of them started at 120K+. Personally, I am not 100% sure about my career goals yet, but as of now I'm thinking of becoming a quant researcher straight out of undergrad. If not I could always be a SWE at a FAANG/unicorn. So if I go to HYPSM, I believe my first-year TC should be 300-400K if I'm being realistic and 150-200K if I'm being extremely pessimistic. [link] [comments]  |
| Posted: 07 Jun 2021 08:41 AM PDT So we decided we wanted to cash out on a home mortgage refinance. Most of our student loans are eligible for PSLF so we were paying only $600 a month based on income and number of dependents. We were denied because pandemic-time federal guidelines require lenders to estimate student loan monthly payments at 1%—which is about $1700 for us—until the pandemic forbearance period ends. This makes our debt-to-income ratio go from 20ish% to 40ish%. We're stuck. Anyone have this experience during the pandemic? Is there a way to set up future payment amount for when the pandemic ends so a lender can use that number instead of the 1%? This is my first post. Thanks for reading. [link] [comments]  |
| Posted: 07 Jun 2021 04:07 PM PDT What is the best loan provider to refinance private loans with? One that also has the ability to remove a co-signer? I am poor and STRUGGGGGGLING. Please any advice can help a girl out, I'm at my tipping point haha:( [link] [comments]  |
| 708 credit without a cosigner? Posted: 07 Jun 2021 11:56 AM PDT Can I find student loans that will accept a 708 credit without a cosigner? I still have a couple months to improve my credit but it's looking grim. All help appreciated [link] [comments]  |
| is taking $500 - 1k in subsidized loans per term dumb? Posted: 07 Jun 2021 09:30 AM PDT hi! going back to school for an AAS in digital media design with hopes of being a web dev / designer. i qualify for $2,165 in Pell grant which will get me about 3 courses (7/8 credits) per term. however, i need 12 credits to qualify as a "full time student" which is of course the requirement to get the full grant amount. herein lies my problem. in order to get the full grant amount, i will need to take a course per term that isn't covered with grant assistance. these courses range are usually around $707. is taking such a small loan a bad idea? it would be nice to have the extra course covered / have a little cushion for added expenses like books and such. i just don't know if going more into debt (i have a car loan as well but that's it) is the best play. thanks for any and all help! [link] [comments]  |
| Should I reconsolidate my federal loans with the dept of education? Posted: 07 Jun 2021 02:54 PM PDT My federal student loans are in default. They are older loans made by a private lending institution, not the loans granted by US gov't. Nelnet told me I qualify for reconsolidation with the dept of education and it would have the effect or 'resetting' my loan and the time I owe on it. Also, it would mean I'm eligible for all the stuff Pres Biden has been dong with loans, like forgiving interest. THis sounds too good to be true. Please advise. [link] [comments]  |
| Posted: 07 Jun 2021 02:30 PM PDT I'm looking for a repayment calculator that takes into account payments I'm making on unsubsidized loans while I'm in school. I'm only finding ones for total amount of a loan at the current interest rate. I've paid off the interest so far, but once it starts accruing again that will change. Since I'm working half time I have some money to put toward this each month while I finish my degree. I want to be able to plan out how much I can pay once interest starts accruing again. [link] [comments]  |
| How long did it those that got a refund from covid relief payments from fed loans? Posted: 07 Jun 2021 02:06 PM PDT I'm requesting a refund for payments made towards my loans during covid. The account I used is closed so they are mailing me a check. When should I be expecting it because they don't have an estimate [link] [comments]  |
| Looking to refinance/consolidate and want to ensure that I can still pay my loans off early Posted: 07 Jun 2021 07:23 AM PDT Hello, I'm a recent graduate starting a new job in August and I've recently been looking at my options for refinancing...I have a private student loan from Wells Fargo (who transferred it over to Firstmark) and federal loans. The interest rate is a variable rate sitting currently at 8.74%. My current options for refinancing so far that I've seen are 3.19%-4.89% depending on the lender and terms. I'm considering going with CommonBond for a 15 year refinance on the private loan, 3.49%. which would put my payments at ~$200/month. I'm looking to knock all my loans out federal and private in 5 years. I can more than afford it but I just want to ensure there are no penalties involved. I've done my research and CommonBond seems to not penalize you for early repayment, I just want to ensure that is the case. Last thing is that I want to consolidate my federal loans into one big lump sum so I can have one interest rate instead of 8 smaller loans. I'd like to know if this would even make any sense especially considering the pending loan decisions from Biden. Thank you! Note: first time posting here so let me know if I left anything out. [link] [comments]  |
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