My co-signer demands I pay my student loan in full at once immediately but my payment due date did not start yet as I am still in school, I feel harassed, What should I do? Student Loans |
- My co-signer demands I pay my student loan in full at once immediately but my payment due date did not start yet as I am still in school, I feel harassed, What should I do?
- FFELP vs FFEL?
- Best strategy
- Paying off all debt in 1 lump sum
- Appeal PLUS LOAN help
- Income based repayment and adding name to a deed during refinancing
- Paying the minimum
- Scam or real??
- My University Cancelled My Loan
| Posted: 06 Jun 2021 03:17 AM PDT I took a private student loan to pay for my college last December. I needed a co-signer since I did not have a job. My loan was a deferred payment with variable interest which I can pay within 20 years. My first payment due is 3 months after graduation in 2022. My co-signer wants to apply for a second house loan and got denied as he co-signed this loan of 18k. He asked me to get another co-signer but I can't change co-signers as that's the policy of the bank. My co-signer wants me to pay 18K at once to the bank so he can get out of the agreement. I am still in school and have no way to get 18k otherwise I wouldn't take a loan. I got a loan 20 years and suddenly I am being pressured to pay it off by this individual. What can I do? Can he force me to pay? [link] [comments]  |
| Posted: 06 Jun 2021 06:36 PM PDT I'm doing some research on the COVID-19 interest freeze and I can't get a clear answer on whether or not my loans should be on 0% interest. Currently, I have subsidized and unsubsidized loans from 2006-2012. They are currently housed with AES. When I logged into student aid.gov, it shows they are all "FFELP", and it's my understanding FFEL loans are part of the 0% interest freeze until fall. When I researched this topic, it appears these acronyms are interchangeable. Is this true? Should FFELP loans with AES be on the interest freeze? Any info much appreciated- thank you! [link] [comments]  |
| Posted: 06 Jun 2021 10:05 PM PDT Hello all, I need some advice. Currently I owe $193k in loans. I have almost $94k saved due to being extremely frugal and plan to use essentially all of it towards that, so that'll at least put me under $100k... I make about 100-110k annually as of right now, with $2000-$2400 going towards all expenses every month. I want to pay off my debt ASAP and I want to know what your advice would be on how to do it. Right now I'm very lucky, as I have 0% interest on loans until October basically. I think I can tack on a few thousand towards my goal by then, but probably not much more. I plan to put the majority of the loans towards the ones with the highest interest rates, but once the interest begins to build gain how do you guys think I should tackle this and what do you think is a reasonable timeframe in which I can pay off my loans? Making multiple payments (albeit smaller) a month? Any and all advice is welcome. [link] [comments]  |
| Paying off all debt in 1 lump sum Posted: 06 Jun 2021 06:50 PM PDT I've been wondering about paying off my 30K in loans in one lump sum once payments are required again (maybe September?)… I'm also still waiting to see if there'll be any loan forgiveness from the government. I'm in a situation where… - I graduated in May 2020 - I have ~30K in unsubsidized Stafford loans - I've been saving up all of my income (since I'm living at home rent-free and will be for at least another year) and have the 30K to pay off everything (and will have 50K+ in savings come September) - I've been working FT since June 2020 and have been contributing to my Roth 401K 10% (my company is matching the first 4%) - I'm considering buying a car in the next year, buying a home is still very TBD since I may move cross country in the 5-7 years since I probably will go to grad school Should I make the minimum payments and be in debt for years? Or should I get out of debt ASAP and pay everything off in one lump sum later this year? TIA for the insight y'all have 😊 [link] [comments]  |
| Posted: 06 Jun 2021 12:29 PM PDT Heyy! My situation is a little weird. My parents applied for the plus loan and got denied, but my school is telling me I could appeal! The situation is, my parents had gone through a bankruptcy. But that situation was due to a close divorce & family problems. How do appeals work and what is my likelihood of my appeal getting accepted? What are your guys experiences? [link] [comments]  |
| Income based repayment and adding name to a deed during refinancing Posted: 06 Jun 2021 06:51 AM PDT Hey everyone, Before my wife and I got married, I bought a house and she was about 3 years into the program for public student loan forgiveness and income based repayment. So now she has about 4 years left. We are trying to refinance, and before I try to track down a CPA that may or may not have experience in this I wondered if anyone here shared similar circumstances. Basically, the first question is whether adding her to the deed, which is required by my state, will affect her income based repayment monthly cost. Her income is not changing. We file taxes separately. She purposely took her current job over a higher paying one as this is a non profit and makes her eligible for the PSLF program. The other question is whether we will be required to file taxes jointly if her name is on the deed, but not on the loan itself. Thanks for all advice, in advance [link] [comments]  |
| Posted: 06 Jun 2021 07:16 AM PDT I have firstmark as my provider. Going to refinance as soon as I can. HOWEVER, in the meantime… I've always gotten advice from people saying "just pay the minimum". Right now I'm kind of tight on cash, so that's what I'd like to do. My first bill is due this month for around $250. How do I know what the "minimum" is ? [link] [comments]  |
| Posted: 06 Jun 2021 02:31 AM PDT So I got a letter in the mail showing that I applied for unsubsidized loans through the William D Ford Federal Direct Loan program. I've never applied for any sort of unsubsidized loans in my life, and that's also supported by my student aid and loan record both with FSA and my university's records. I've never taken out any unsubsidized loans, either. I've been very careful with my financial aid. Even going so far as to pay some out of pocket to avoid unsubsidized loans. It says that it went straight to my school, but there's nothing about it on my record. I apparently owe 2k to this William d Ford program that I didn't even know existed until I got this letter. My dad is convinced that it's because the school gave me covid relief grants(even though the amounts with the grants and loans don't match at all). I'm wondering whether this is a scam or if I have a bigger problem with my uni taking out loans in my name(I wouldn't be the first student this happened to)... [link] [comments]  |
| My University Cancelled My Loan Posted: 05 Jun 2021 11:45 PM PDT I applied for a private loan and got approved during the spring semester. When it was approved, the loan was sent to my university. At the end of the semester, I did not meet satisfactory grade requirements. Because I did not meet satisfactory grade requirements, my university canceled my loan and advised me to look for another loan that did not need a grade requirement. Looking for a new loan is easy because my university provided me a link of resources. I just don't know what to do with the private loan. Can I still cancel that private loan since my university canceled it? [link] [comments]  |
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