My school "adjusted" one of my loans after the semester was over? Student Loans |
- My school "adjusted" one of my loans after the semester was over?
- I plan on going back to school for another degree. I already have a bachelor's degree and I have not used up the federal Stafford loan limit yet according to my FAFSA, however, I have attempted more than 150% of credit hours required (excess hours). Is there a way I can appeal this to get aid?
- Retroactive PSLF?
- Which student loans should I pay off first and refinance?
- Structure one time gift so it doesn’t impact next year’s eligibility for aid?
- March 2022 will be first time my family gets to keep my bonus instead of dumping it all into student loans.
- PAYE vs. REPAYE (sorry, again)
- Paying off an unsub loan with a sub loan
- Can you help pls
- Unknown browser error?
- Purchasing A Home
- Student Loan to study Computer Science in USA
- Perkins Loan Questions
- Already 50,000 in student debt and I’m only a junior
- As an international, I need some advice. ( $100k loan for Master in UCLA?)
- international student loan.
- Tears of joy
- Apply for loans
- Downsides to refinancing Sallie Mae loan?
- IDR denied for first time in 8 years
- Loan needed for graduate school program/tuition costs as a non-degree seeking student
- Should I Consolidate?
- Advice for student
| My school "adjusted" one of my loans after the semester was over? Posted: 11 Jun 2021 09:18 AM PDT I didnt have a good semester Spring 2021. But I went to every class except one, which didnt meet in person or virtually, it was an online "at your own pace" class. So the semester ends, and I've decided to quit school. I get a notice saying because there was no proof I ever participated in the "at your own pace" class, that they were going to adjust my loan, but no dollar amount. Says I have to dispute it before June 4th. But I was like, theres nothing to dispute, and its just one class, how bad could it be? WHEN THEY ADJUSTED IT, IT MADE MY PREVIOUSLY $0 BALANCE $10K+ So, is this allowed? If so, how? It seems like they are trying to do something sketchy because my entire year of literally only tuition is only ~5k per semester. How could they adjust it that much for only one class? Especially after the semester is over already? Please help, I dont know what to do! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 11 Jun 2021 07:24 PM PDT Hello everyone! I currently have a bachelor's degree in Health Science, but I wanna go back to school for nursing. I plan on going to this community college that has the opportunity to get your associates and bachelor's degree at the same time (dual enrollment at a university) in nursing. I've already submitted a FAFSA, hoping I can get through with Stafford loans because I have only used loans for two semesters (total of 5.5k). I still have more than I can use. However, the community college's financial aid office emailed me saying that I have attempted more than 150% of the credit hours required for my program of study (as of right now it's an associates of science degree) and I have taken excessive credit hours so I cannot get through with anything since I do not meet their requirements. They said I can appeal it though if I have any circumstances that caused me to exceed the 150% of my degree but I'm not sure if there's anything I can really say to make a good claim... I have a bachelor's degree already and I want another degree because the one I got originally was useless? Lol. For my first bachelor's degree, I have only changed my major like once and that was early on. Any ideas if there's any way I can appeal this situation so I can get through with so federal loans vs the private loans? Or anything I can do? Thanks :) [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 11 Jun 2021 03:14 PM PDT Hi All. Sorry if this has already been asked here. I recently realized that I've likely qualified for PSLF for the past 4 years that I've worked at my non-profit. Problem is, I have been making payments on standard repayment. I am wondering if there is a way to certify those payments I made toward PSLF retroactively? I also plan to get on an IDR once the pandemic forbearance is over. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Which student loans should I pay off first and refinance? Posted: 11 Jun 2021 11:15 AM PDT Hi everyone, I was wondering if anyone had any insight into which student loans I should pay off first and refinance. In terms of paying back my loans, I don't much care about the psychological aspect of it (e.g. paying off smaller loans first), I simply want to pay as little interest as possible over the life of the loans. For some reason, FedLoan Servicing is saying that all of my loans are at 0% interest (probably because of COVID-19 forbearance), so I don't know for sure what my interest rates are for each individual loan. So, dear redditors, which loans should I pay off first to minimize the interest I pay over the life of my loans (assuming I pay about $1000-1500 a month) and which loans should I refinance (got quoted a fixed 3% interest rate for my private loans) to minimize the interest I pay? I really appreciate any help I can get with this because I'm terrible with things like this and hear so much conflicting information online :) I've put my loans into the table below:
Thank you! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Structure one time gift so it doesn’t impact next year’s eligibility for aid? Posted: 11 Jun 2021 11:53 AM PDT My niece is a freshman and I have the ability to pay for her first year of college, about $20,000. However, this is a one time opportunity. What is the best way to gift this money without artificially inflating her income for next year and possibly jeopardizing her chances for aid? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 10 Jun 2021 10:32 AM PDT I remember before I proposed to my wife, I confessed to her my six figure student loan baggage I was carrying. Felt so ashamed and guilty. Wasn't an issue for her, but during the last 5 years, was so sad seeing so much of our monthly income going towards MY student loans, instead of things that would benefit the family. My bonus ranges from 10k-20k post tax, and we used that every year in addition to monthly payments towards my student loan. The extra 1k a month feels so good right now, but I'm really excited about March, which will be the first time I've ever really been able to keep my bonus! Really love reading the stories on here, and the feeling of camaraderie! Just thought I'd share! Good luck everyone! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PAYE vs. REPAYE (sorry, again) Posted: 11 Jun 2021 01:44 PM PDT Hi there, So sorry to ask this question for the millionth time. I've read so many posts about this but each one has a slightly different situation and I am going insane trying to figure out which is best for myself. I just graduated med school and will start residency next week. I am a general surgery resident and am looking at 8-10 years of training at an eligible, non-profit institution, so I am trying for PSLF. I am single and have 200k in loans. I was initially planning to do REPAYE, then switch to PAYE before my income increases (get married or finally become an attending). However, I am not quite sure how this "switching" actually goes in real life. Should I just do PAYE from the start to eliminate any headaches, the capitalization of interest, and the chance that I somehow am not eligible for PAYE when I try to switch? I realize none of this matters if I do end up being eligible for PSLF. On the chance that I don't make it, however, I want to make the right decision now. Let me know your thoughts on what I should do. Thank you so so much! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paying off an unsub loan with a sub loan Posted: 11 Jun 2021 03:37 PM PDT Hello everyone. I am taking summer classes currently and due to the "independence" cutoff age I only qualify for an unsub loan. I do not need a large amount to pay off my tuition, but I will definitely need to accept some. Now, starting next semester, I have qualified as independent and will receive enough Pell Grant funds to cover my tuition until I graduate. I will also qualify for an subsidized loan. So, can I pull out just enough of the subsidized loan next semester to pay off my unsubbed loan in order to avoid interest for my remaining time in college? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 11 Jun 2021 09:10 PM PDT Hi are you an MBA student or MBA graduate then I need your help. Please read my main post. If you can't help then please forward the post to someone who can. Just 10 questions and $30 is yours. Many thanks and I'm really not good at using social media do if you get my post to more people please do so. TY [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 11 Jun 2021 02:29 PM PDT Was able to log into my account a week ago but now I am receiving the above message. I cleared cookies and tried new browser but still no luck. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 11 Jun 2021 10:31 AM PDT My student loans are in good standing and deferred (IBR). However, the loans are stopping me from purchasing a home. Any suggestions as to what I can do to be financed? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Student Loan to study Computer Science in USA Posted: 11 Jun 2021 09:07 AM PDT Hello everyone, I am a CS student from EU and I am currently deciding if I should purse a master in Computer Science in USA. The total price of the US master is 25-30k euros, cost of living included. The loan will be at a really low interest (1.3% to 2.5-3%) so I will probably have to give back to the bank 25k total (I will also use my savings) and I can start paying 2 years after graduation. After the graduation, I will have the possibility to get a 3 years visa and if I get an high paying job, I can easily repay it really quickly. During this 3 years I can also apply for a permanent visa 3 times (50% of being selected). If I can't find a job in 90 days after graduation I will have to come back to EU. Currently I have a new graduate offer for a big tech company like {FB,Uber,etc...} in {EU/UK} and I will be paid a lot if compared with the local market but my pay will be 30%-40% less than the same job in USA (cost of living included). If I join the master I will have to refuse this offer and interview again in US in 2 years for the same new graduate roles. I know I can get an internal visa but it's not guaranteed and it requires some years of work experience. If I keep the job I will probably save 30k or more in 2 years and I will have 2 more years of work experience. Almost 60k in difference in my bank account. Suggestion? Anyone with the same experience? Am I being too much risk adverse? Am I fool to even think about the loan and the master? How is it to live with a debt to repay after graduation? TLDR: spending 30k to study in USA and hope to get a job there vs keeping my actual job and save 30k in the meantime. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 11 Jun 2021 08:09 AM PDT Hello, I disclose in all fairness, I made the massive error in not following up with my Perkins loan provider who then went with a ECSI Heartland to facilitate payment communication. For a very longtime I did not address this issue, yes, I need to grow up regarding the loans and financial world. I'm a teacher in a title I school and have been for three years. There is some context regarding my lapse in communication. I called ECSI last April to begin deferment processes, which I initiated my first year. After my phone call they referred me to collections and now I am stuck in a position where I am no longer eligible for deferment because the loan is outstanding, though I did communicate with them (?!). I feel like I should have been told this was going to happen and put a payment down at that moment. I have documentation of my phone call regarding submission of paperwork for deferment. Can I pursue having my loan deferred up the channels of the school or am I just screwed? I feel like I am stuck in a bureaucratic loop (of my own initializing) but feel there should be some way to counter this. Suggestions, thank you for reading. Don't do what I did and put off communicating with loan folks. Information point: Perkins Loans have continued to be collected throughout the pandemic, they do not follow other US Department of Ed loans suspension of payments without interest as the loan originates with the school. Edit: small grammatical error "I feel like I am* stuck in a bureaucratic loop..." [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Already 50,000 in student debt and I’m only a junior Posted: 11 Jun 2021 02:09 AM PDT I'm already stressing about this. I'm worried that I won't be able to pay this with any job I get. Any advice? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| As an international, I need some advice. ( $100k loan for Master in UCLA?) Posted: 11 Jun 2021 12:02 AM PDT Hello folks, I get accepted from UCLA - Master in Financial Engineering program with a $10k scholarship. According to its website, the total cost of attendance is around $130k. So, I am considering getting a loan of around $100k. After checking some lenders such as Progidy Finance, I get the impression that APR is around %7-8. I am struggling to decide If I should go to my dream school (UCLA) with a $100k loan or my safe school (UIUC) with a $35k loan. Do you think it worths taking such financial burden to study at UCLA? Please, help me with your insights and thoughts. PS: Unfortunately, due to financial hardship, my family cannot contribute financially. So, I am on my own. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 11 Jun 2021 04:44 AM PDT Hello and help. I am a third world country citizen and i hate to say it like that. But is there a way to procure a loan for me? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 10 Jun 2021 02:45 PM PDT I have been making huge payments on my student loans (Sallie Mae and Discover) but it always felt like one step forward and two steps back. I have tried several times to refinance my student loans, but due to my high DTI ratio, I was unable to get approved, even if I wasn't trying to refinance the full amount. I was going to ask my dad to cosign, but he's going through a divorce and severe depression right now so it didn't feel right. My original plan was to refinance in $5K chunks until I could get approved for larger amounts. I sent a application to Earnest on Tuesday for $5K. I got an email this morning that my application was approved. I logged on an hour ago to finalize everything and I was confused. The approved refi amount was the value of my private and federal loans combined (don't worry, I'm not refinancing my federal loans). This looked too good to be true, so I called their customer service to make sure. The wonderful person that I spoke to assured me I could refinance as many of my loans as I wanted. I started crying and I haven't been able to stop shaking. I finally feel like I'll actually be able to pay of my loans. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 11 Jun 2021 12:23 AM PDT I currently have a 542 credit score and it is LITERALLY ALL MEDICAL. I've never had a credit card, never opened a line of credit, have always paid my student loans on time, but I can't get a loan without a co-signer and I have not a single soul to do so. Does anyone have advice or can point me in the direction of a place that can help me? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Downsides to refinancing Sallie Mae loan? Posted: 10 Jun 2021 07:05 PM PDT Basically what the title says. Are there any downsides to refinancing a Sallie Mae loan with another company to try to get a lower interest rate? For background, I've been in the process of making a career change to medicine. I have federal loan debt from undergrad, then had to take out private loans to finance my "pre med" certification program (non-degree seeking/part time so limited federal aid was available). Next year, I'll be taking out even more loans for medical school, but this should once again be federal. The Sallie Mae loans have a ridiculous interest rate, and I don't want them to be accruing at that rate throughout my four years of medical school as I will already have enough debt without them! Appreciate y'alls advice. [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IDR denied for first time in 8 years Posted: 10 Jun 2021 03:51 PM PDT I qualified for it last year. My income hasn't changed 70k ish pre taxes. My loans are with myFedLoan. I owe about 190k. Anyone have a similar experience? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loan needed for graduate school program/tuition costs as a non-degree seeking student Posted: 10 Jun 2021 03:52 PM PDT I'm starting an internship program as a graduate student and need a little over $10k to pay for the tuition (6 graduate credits) and program costs. I don't qualify for federal aid because I am non-degree seeking. A lot of the private loans I've seen require you to be in a degree seeking program, so I'm not sure if I would qualify for that either. I don't have a job and the program is full-time (~40 hours per week working +homework/assignments), so I wouldn't be able to get job either. I'm thinking the best option would be to ask my mom to co-sign with me on a loan, but if it's at all possible, I'd like to do it on my own. So I guess my questions are: What loans are available that I might qualify for? Would it be better to take out a personal loan instead of a private student loan? On another note, I have $11k in federal subsidized loans from my undergrad. I know I have 6 months before I need to start paying (which would be November 2021), but would I be able to defer the payments after the 6 months until I finish with my graduate school program (ends in February 2022)? [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 10 Jun 2021 10:51 AM PDT Hello everyone, I graduated medical school about 2 weeks ago and will be starting residency in 2 weeks making around 60k/yr. I have around 135k in student loans and plan to apply for PAYE as I will be getting married within the next year to another resident making a similar salary. I have read Ben White's blogs about consolidating and have been on the fence/confused on making the right move: consolidate now and apply for PAYE in an attempt to get 0$ payments for 12 months with my 0$ income 2020 tax returns or start residency and wait until my grace period is up in November before applying for PAYE? My questions: Should I consolidate in this situation and would I qualify for the 0$ payments? Is it too late today to consolidate with residency and my first paycheck about a month away? Thanks for the advice!! [link] [comments]  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 10 Jun 2021 12:56 PM PDT Hi guys, I was wondering if I could get some advice on how to pay my parent plus loan. So my father took on a parent plus loan of 50k for my freshman year because he did not want me going to CC. I was very stupid and agreed to help pay it back. I fortunately found a way to pay my tuition for the next 3 years with no need of a loan but we still have the 50k to worry about. I have 17k that I have earned and I was planning to subtract it from the principal to get to 33k. I have no interest yet since I got the loan after the 0 interest policy was started. My parents though are very optimistic of Biden's plan and don't want me putting that payment. I talk to a person from my loan servicer and she said that deferring it until I graduate would be around 58,000, with interest at 5.30% but if I pay down that principal, interest would be lower. I am very conflicted in what I should do. If anybody has any advice, I would highly appreciate it. Thank you. Edit: I forgot to add that I am planning to live back home when i graduate ( I live very close to nyc) and am planning on having a career in wealth management or another branch of finance. I also go to a top 20 school so idk if that will help my situation in getting a job that can help me pay my debt fast. [link] [comments]  |
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