I have no co-signer and no one is approving me without one Student Loans |
- I have no co-signer and no one is approving me without one
- How to Decrease Student Loan Debt
- Grad Plus Loans
- Best private student loan options?
- Disability discharge difficulty
- Repayment with PRN position
- School saying I owe 13k
- Can I do IDR for my student loans but pay extra every month?
- Has anyone refinanced with citizens bank? Min credit score and DTI? :)
- I've spontaneously received an updated maintenance loan which has changed my university situation.
- What amount of loans should I accept?
- Master’s Degree and Certificate Advice
- Is this adverse credit?
- Private Loan?
- Credit Score Just Jumped 190 Points Still Have Unpaid Student Loans
| I have no co-signer and no one is approving me without one Posted: 05 Jun 2021 06:05 PM PDT I'm majoring in art education and I'm a transfer student to VCU. As a transfer student, I've already saved so much money, but as an education major, I need to get my Bachelors in order to be an art teacher. My parents refuse to co-sign any sort of loan, not even a Parent PLUS loan. I'm 21 years old, a full-time student, and can only manage a part-time job and I only make $11,700/year. My credit score is in the mid-600s and I've tried so many different places that give student loans and I don't qualify for any of them without a co-signer because my credit score is too low and I have less than 2 years of credit history. I just don't know what to do. My parents absolutely refuse to do any sort of co-signing and they haven't helped me at all even when I was in community college. I just don't know what to do and I feel like they just want to watch me fail. They don't seem to care about what I'm doing or how I'm doing or even care if I go to college. I'm trying so hard to succeed but I just can't find anyone to approve me for a student loan. I tried (that I can remember) Credible, Sallie Mae, and Ascent. So far I've only been approved for 7.5k in fed loans but my full financial aid package hasn't gone through yet. I have to submit documentation regarding my parent's taxes still so I could still get a little bit more aid but I don't even know how much to expect, certainly not enough. I've already changed to living off-campus that way I can knock off 12k of my tuition, but even then I can't get a loan. I'm only trying to cover 15k at most and I'm just not getting anywhere. I don't know what to and I feel like I'm fighting a losing battle and that I'm never actually gonna finish getting my bachelor's degree. I'm trying to apply for scholarships but I'm just an average student with average traits and circumstances so I'm not finding much. Any advice on someone I can apply to for loans that is likely to approve me, how you got approved for loans in a similar situation, or literally any advice at all would be really appreciated. I just don't know what to do and I'm constantly in a state of panic. [link] [comments]  |
| How to Decrease Student Loan Debt Posted: 06 Jun 2021 12:36 AM PDT If you don't know how to control your student loan debt by creating an effective saving plan upon graduation. The student loan debt could have a big negative impact on the way of building your financial freedom later in the future. For this reason, tackling your personal loan debt is a must to reduce and eliminate it later on. In this article, the given effective strategy of combining 7 key principles, which provide a clear road map for students to manage their student loan debt before graduating.
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| Posted: 05 Jun 2021 10:25 PM PDT I'm a US citizen living abroad and coming back to the US for my Masters education. My school came up with an Financial Aid package which included both Grad and Grad Plus loans. I do not have an credit history nor know anyone in the US who could co-sign. Would I be able to get Grad plus loans or what should be my strategy to get other loans? [link] [comments]  |
| Best private student loan options? Posted: 05 Jun 2021 10:07 PM PDT Hello! So I currently got accepted into my dream school and chose to take loans out for my education. My parents applied for the PLUS LOAN, and they both got denied due to two bankruptcies in the past. I got the additional $4000 unsub stafford loan which is also helpful. I honestly am pretty stuck with the options I should choose from now. What would be the best bank/union I could go for student loans? What were your experiences? Any other options that helped you guys in a similar situation? [link] [comments]  |
| Disability discharge difficulty Posted: 05 Jun 2021 01:03 PM PDT I went on SSDI (disability) due to some serious health issues 10 years ago. They review my disability every 3+ years. Even though I will never get better, they continue to review my case at the 3+ interval. The threshold to get student loans discharged is the 5 year review period. It should be changed to other criteria. I feel like I'm between a rock and a hard place. Do they do this just in case I win the lottery or something? I don't even play the lottery and no rich relatives are gonna leave me a dime. [link] [comments]  |
| Posted: 05 Jun 2021 04:27 PM PDT I graduated December 2020 and I'm currently working a PRN position in my field. I have 16k in student loans and I know I'll have to start paying on my loans soon. But I have no idea how to set them up to be manageable bc I get paid hourly and my schedule is unpredictable. I currently average <30 hours a week. Does anyone have any insight into this? My fiancé and I just bought a house. I really need some guidance. [link] [comments]  |
| Posted: 05 Jun 2021 01:34 PM PDT If this isn't the right subreddit for this then please tell me where to go. Fall 2020 I entered a college, had to go on a leave of absence (november) for various reasons and now I've decided I won't be going back to that college. I didn't finish the semester. I'm not currently enrolled at any other institution. I put all that off my mind for a while because I had other things to worry about. School is saying I owe 13k in letter from debt collector. When I emailed financial aid before they said my loans which would've covered that were removed due to my leave of absence. I thought I was on a payment plan and I don't know what happened to that. I'm not sure what I'm supposed to do. I don't have 13k. I don't know all the specifics of this and my parents never went to college. So does anyone have any advice on what I should do? Please don't comment if you're just going be an ass/snarky. Any help is appreciated. [link] [comments]  |
| Can I do IDR for my student loans but pay extra every month? Posted: 05 Jun 2021 11:53 AM PDT Having a hard time finding out any info, esp since everything is on pause with covid. And this might be a super dumb question, but if I do IDR and say have to pay 200 bucks a month. Can I throw 1000 dollars a month at it to get my loans down especially if I don't plan on trying for forgiveness in 20-25 years? Thank you for all the help. [link] [comments]  |
| Has anyone refinanced with citizens bank? Min credit score and DTI? :) Posted: 05 Jun 2021 08:06 AM PDT Good morning everyone! I'm looking to refinance my student loan debt with citizens bank. (Currently I have $64k with sallie mae!) I am a teacher so my salary is $41k and my fico score is 696 however on credit karma, it is 715. I really am trying to avoid a co-signer and I am trying to make better financial choices! I took out such a high amount of debt because I was a waitress during college and had to pay for my car payment and rent (like most people!). Does anyone know what their min credit score is, as well as their DTI ratio? Thanks for any tips and advice! :) [link] [comments]  |
| I've spontaneously received an updated maintenance loan which has changed my university situation. Posted: 05 Jun 2021 09:27 AM PDT Initially I received a maintenance loan of £4,422 to study at a great university starting this year (top 10, if you assign any worth to the university rankings). The course was a 5-year MSci in Computer Science. However, the cheapest accommodation was £5000 a year. There's also the other expenses which are to be expected when at university. My family are unable to support me with any of this financially. I didn't want to reach the 4th year and find that I could not support myself even if I were to find a part-time job. So, I changed my choice to another university for a 3-year BSc in Computer Science with a placement, considerably worse where quality of education and opportunity is concerned (once again, ranked around 25th in the rankings, just as an indicator). The accommodation here is £3,300 a year and the maintenance loan remained the same £4,422, so I felt comfortable with going here where the finance is concerned. Of course, I was devastated with having to turn down the other offer as the chances of carrying out cutting-edge research as a career as I had hoped was a lot higher there. This is all background, really, I make this post as I have received a random letter from the student finance company notifying me that my loan is now £5,400, £1000 more than prior. I'm in the process of seeing whether this would be the same if i were to change back to the other university. If it is then, given that the universities allow me to change my choices, i could re-book accommodation and have around £400 to work with per year and try to get a part-time job. I was also aware that if i were still to go to the "worse" university then i would now have £2000/year instead of £1000/year spare which would give me a much better environment to learn/live in. To be frank, The conditions of the cancellation policy at my accommodation will likely make the process of cancelling after the initial cancellation period quite difficult if not impossible and even with £400/year to work with, the finances would still be concerning. Therefore, I am pretty sure I'll be going to the other "worse" university, nonetheless, I'm interested in what anyone makes of this situation as I've no one to really ask given that everyone I know knows nothing about the process. [link] [comments]  |
| What amount of loans should I accept? Posted: 05 Jun 2021 07:45 AM PDT Hi everyone, I am starting graduate school this fall and was offered ~10k a semester in direct unsubsidized loans. I believe I'll only need closer to 7k a semester. Would it be better to accept the full amount "just in case" and immediately put whatever I don't use back into paying off the loans? Or should I only accept the bare minimum of what I think I'll need? This is my first experience with student loans thankfully but I'm feeling pretty nervous. Thank you! [link] [comments]  |
| Master’s Degree and Certificate Advice Posted: 04 Jun 2021 11:32 PM PDT I am going to start a masters degree program this fall through my local state university. I am also set to start a graduate certificate program online. My certificate does not qualify for financial aid because it is less than half time enrollment and it is not for a degree program. I will have to take out loans to pay for the programs. My master's program will total 24k and my certificate will total 10k. I was offered the Max $20,500 in federal unsubsidized loans for my first year of the masters program. I'm wondering if I can use my unsubsidized loan refund to pay for my certificate program. My other option is to take out a private student loan. I do not prefer this option because the interest is higher and because my credit and income are not great right now. I also do not have someone to co-sign for me. I've heard of people using unsubsidized loans to help pay for l rent and what not, but would I get into trouble somehow using it to pay for my certificate? I'm sorry, I've never had to take out a student loan before and am not sure what I should do. [link] [comments]  |
| Posted: 05 Jun 2021 01:21 AM PDT I am looking into applying for the Grad PLUS loan and have read the eligibility requirements about 8 times now, but I am still confused about whether or not I would be considered to have "Adverse Credit" because I'm seeing so many inconsistencies in the time frames of people who are posting about it. Some say its 5 years and others say 2, while still others say if you have any collections at all its adverse. Please help me understand. The description of adverse credit reads: Charged Off Account: Any account (open or closed) that has been charged off (written off) during the two years preceding the date of the credit report with a balance greater than zero. Collection Account: Any account (open or closed) that has been placed in collection during the two years preceding the date of the credit report with a balance greater than zero. 90 or More Days Delinquent on any Debt: Any open account that is currently 90 or more days past due. So on my Transunion report, I have a medical collection from 2016 of $2,246. Does this count as adverse credit? it shouldn't because the credit check is only counting from two years prior right? [link] [comments]  |
| Posted: 05 Jun 2021 12:09 AM PDT I am currently in the process of applying for student loans through the US Department of Education. I plan on taking out the maximum amount I can for an Unsubsidized and Subsidized Loan as an Independent student ($9,500). I have applied for a Pell Grant already and I can reasonably expect to receive the maximum which should be around $6,000. This still leaves me roughly $16,000 in costs to cover. What are my best options? I have already researched Scholarships offered through my school of which they list a $4,000 one I could possibly receive. Is a private loan my only option? [link] [comments]  |
| Credit Score Just Jumped 190 Points Still Have Unpaid Student Loans Posted: 04 Jun 2021 09:32 AM PDT I paid off one of my student loans ($22,000) back in ~2014 but the rest have been in default since then or maybe a little before. I am to the point now where I can afford to get them into rehabilitation and pay them down for 10 months then try to refinance them into one loan. Last month my Experian score jumped into the mid 700's and this month Transunion and Equifax did as well. I got a notice from my bank telling my Fico score is now 794. I am assuming the default loans have been removed because of the forbearance that is going until September 30. Has anyone else experienced this? It has been about 7 -7.5 years since I have paid on these but I didn't think they would fall off my report. Or is it a combination of the two? Thanks for any help. [link] [comments]  |
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