Continued Pandemic Foreberance Student Loans |
- Continued Pandemic Foreberance
- I really need help please.
- Putting cash toward better mortgage or student loans?
- Student Loan Help for a Recent Graduate (Detailed Breakdown Provided)
- In need of a student immediately. Not working anymore and can't get government loan until next month for Allied Health program.
- Teacher loan forgiveness
- Is it bad to start making payments to student loans while undergrad?
- Major Backlog of Debt *Serious*
- I need to fill in the fafsa form, but technically I’m not a resident of any state.
- International Student Loan Help
- What happens when your co-signer dies?
- Questions about student line of credit from RBC to study abroad
- Help dealing with defaulted federal student loan from abroad
- Loan forgiveness and parent plus loans
- Need help choosing the right place to study at on a limited budget.
| Continued Pandemic Foreberance Posted: 27 Jun 2021 12:37 PM PDT How likely is it that student loan repayments will resume in October? Could it really be pushed back to April 22? Broke in Indy [link] [comments]  |
| Posted: 27 Jun 2021 07:43 PM PDT Im a prospective freshmen student im first generation low income who had a 3.8 in highschool. I didnt get into my dream schools but got into a really good school for my major in stem Virginia Tech. i was expecting to pay around 25,000 dollars a year after almost 20,000 + in aid a federal loan and scholarships ( out of state student) I had no idea the student loan process alongside my family and im now officially terrified. with interest the best loan i could find was 64,000 ish final payment if i make interest payment throughout college ( just on ONE loan for my FIRST YEAR w discovery which was the best i could find w a 9% interest rate) this is ridiculous ofc and I wanna transfer as fast as i can. but im terrified of that loan. Im afraid this will affect me and my future plans and i'm not sure what i can do. it's too late to enroll anywhere else (but i'm going to try to reason with my nearby university as they have A VERY FLEXIBLE enrollment deadline) but in the case i must go ( my parents arent very helpful or supportive mentally so community seems off the table as they'll chew me out for mentioning it ) i have no idea what to do and i'm terrified any advice pls. im only 18 and my parents have little to no clue about this stuff and i'm stuck figuring it out on my own [link] [comments]  |
| Putting cash toward better mortgage or student loans? Posted: 27 Jun 2021 08:12 PM PDT tl;dr: I have cash to use toward either a larger home downpayment (and lower mortgage rate) or toward a massive set of student loans (at higher interest rates). Which should I pay off? Hi all, I've got about $150k in student loans, at varying rates between 6% and 9%. I'm planning to purchase a home (hoping to build equity instead of paying thousands each month in rent), and looking at rates just below 3% for a 30 year mortgage and looking to buy homes worth about $400k-$500k in total value. I'm a high earner (>%150k a year) and have ~$100k in cash to work with. Am I better off: a) throwing $80k toward a downpayment for a home to get the 3% mortgage (with minimal mortage insurance)? or b) lowering my downpayment by ~$40k, causing my mortgage rate and insurance to go up, but allowing me to pay off student loans faster? Another variable here is that I could always refinance all or part of my student loans to the lower rates we currently have (I'd just lose the ability to potentially have them forgiven in the future). Thanks, all! [link] [comments]  |
| Student Loan Help for a Recent Graduate (Detailed Breakdown Provided) Posted: 27 Jun 2021 06:15 PM PDT I recently graduated in early May. I have $111,000 in student loans (breakdown below) for a BA. I started a new job in late May making $55,000 (paid bi-weekly $2115 gross, roughly $1700 net after taxes/benefits). For more background info, I have a little over $11,000 in savings and $2,281 in a Roth IRA. When should I refinance my loans? Should I try and refinance/consolidate any of my federal loans? My company won't start matching any 401k contributions until a year in so I am opting out of the plan until then. I am having to relocate within the next few weeks, so at this point I am unsure of my rent. I appreciate any help in advance. I know I have a lot of debt and I can't change it now, but I want to make sure I do the best I can from here on. Loan Breakdown: Private:
Federal:
Should I do the standard payment plan on the federal loans and then refinance the private? If so, when do I refinance? I had also thought about refinancing the private loans and then some of the higher interest rate federal loans (that way I can get a similar interest rate hopefully but over a longer period of time), but I don't want to screw myself if any loan forgiveness happens. I had thought about refinancing for a 20 year period and then if I can pay more I will. Again, thank you all for any advice you can offer. [link] [comments]  |
| Posted: 27 Jun 2021 01:14 PM PDT *edit* I meant to type in need of student loan immediately for the title lol, I can't edit it Hi guys, I recently had to quit my job because I will be starting a full time allied health program in radiologic technology. I start tomorrow when we return to in-person lab instructions and attend clinical rotations on the other days we are not in class. My school has not updated any info about applying for the stafford loans, but from my knowledge of asking the fin aid office, they said i'd have to wait until the end of the month or beginning of august to apply at the very least, then disbursement would not even be until september. I'm in a pretty big pickle where I need money right now to cover my bills and living expenses. I want to note that this will be a 2 year program only, and I am considering taking out the full amount of the Stafford Loan i'm allowed, which is $12.5K. In the event I really am desperate and need to take out a private loan, I may request an extra $15K to cover other bills while I do not have a job. If I do need to take out a private loan, what companies do you guys recommend and is it better to do fixed or variable rates for a 2 year loan? Thank you so much. [link] [comments]  |
| Posted: 27 Jun 2021 06:05 PM PDT I have my bachelor's degree and want to go back for my masters. If I go back for my masters, as I am working for as a math teacher, do I have to wait until I finish my masters first? Or can I get classes in for my masters and these years will count for the teacher loan forgiveness? [link] [comments]  |
| Is it bad to start making payments to student loans while undergrad? Posted: 27 Jun 2021 11:03 PM PDT Currently, I have around 9k to 10k in student loans. Is it bad to start making payments to student loans while I am still in my undergrad? Thank you very much! [link] [comments]  |
| Major Backlog of Debt *Serious* Posted: 27 Jun 2021 08:46 AM PDT I am a recent graduate for a bachelor's degree (August 2020) and with Covid and everything else that happened that year I struggled to make payments and ends meet. My family is next to clueless on how loans work and so am I. I am pretty responsible financially and pride myself on making sure my payments are in on time. I am a contract laborer so a few months ago my contract ended and I have struggled to find work to make my payments. While I was out of work my mom offered to help me with payments but I just got a notification from my Credit Karma that my Equifax score dropped by 151 points. I have 5 unpaid payments of close to 600 dollars each and I am freaking out. I have no clue what happened, why they stopped getting paid or why my mother never told me, but wither way, I am desperate for some advice on what I can do and how I can make the payments smaller so future disasters like this can be avoided. Please any advice would be greatly appreciated. [link] [comments]  |
| I need to fill in the fafsa form, but technically I’m not a resident of any state. Posted: 27 Jun 2021 04:16 PM PDT I'm eligible for student aid, I was born in the US, but I've lived abroad most of my life. I don't know how to go about filling out the student aid form, because they ask for my state of residence. I'm a bit lost at the moment. I would appreciate it if someone could help me. I've been living in New York for 3 months now. My school is in Utah. Thanks. [link] [comments]  |
| International Student Loan Help Posted: 27 Jun 2021 11:07 AM PDT Hi. I'm inernational student from Iran. 24yo, Currently pursuing graduate degree (3 out of 4 semesters left) at a private university in U.S. I also have a U.S co-signer. I need total of $57,000. ($19,000 per semester). I want to know which private lenders will accept my application? Which lenders have higher chance of acceptance rate? Thank you. [link] [comments]  |
| What happens when your co-signer dies? Posted: 27 Jun 2021 07:51 AM PDT Is the borrower next in line to pay? In my understanding, if the borrower doesn't pay, it goes to the cosigner's estate. What if the cosigner's estate isn't enough to pay the loan off? Does it go back to the borrower or does it just go away? Also, is the borrower's credit negatively impacted? [link] [comments]  |
| Questions about student line of credit from RBC to study abroad Posted: 27 Jun 2021 10:15 AM PDT I have been accepted into 2 schools in my desired program international business, one in NYC and the other in Amsterdam so I was wondering if anyone has any knowledge or experience in getting a line of credit from RBC to study abroad. They seem to be my last option and I want to know if there anything I should expect. I've done the breakdown and while the one in the USA is my top choice it's about twice as expensive as it's private. Both schools are approved by the Canadian government to receive funding and I have a couple of cosigners lined up. Just wanted to see what program anyone went with "internationally" and if comfortable sharing, the amount that was approved. Most approved programs are medical and dental. Thanks! [link] [comments]  |
| Help dealing with defaulted federal student loan from abroad Posted: 27 Jun 2021 09:25 AM PDT Hi there, I am French and me and my wife are trying to sort out her defaulted student loan. I've been reading a lot online to just understand how student loans work in the US (this subreddit is the place I've learned the most from, so thank you!) and now that I think I've got some grasp of it, I would appreciate some fact checking about what I think the options are. Context
Options
Right now we think (3) is the right thing to do to, but is it viable? Is it worth consulting a lawyer on that matter? Thanks in advance for the help! PS: Sorry for the new account, didn't want our financial situation to be tied to my main account. [link] [comments]  |
| Loan forgiveness and parent plus loans Posted: 27 Jun 2021 07:16 AM PDT I graduated with a teaching degree last year and have about 80,000 is college dept total with about 60 of that being in parent plus loans. In approximately 5 years, I will qualify for federal student loan forgiveness for teachers. I have 2 questions about that:
[link] [comments]  |
| Need help choosing the right place to study at on a limited budget. Posted: 27 Jun 2021 03:55 AM PDT Hello everybody! I was thinking about getting my master degree in USA after finishing a bachelor degree at hometown (Grozny, Chechnya). Let's cut to the chase, so I have a 10,000$ and I wanna find a university to obtain a master degree in Computer Science with that amount of money. Is that possible? Would be so much grateful and happy if someone could offer some nice options. Edit: Sorry for missing out, I meant 10,000$ a year. [link] [comments]  |
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