For a company whose entire purpose is to take your money, Sallie Mae makes it really difficult to pay them if you're international. Student Loans |
- For a company whose entire purpose is to take your money, Sallie Mae makes it really difficult to pay them if you're international.
- Should I pay it all off?
- I know nothing about paying back my loans
- Stuck between giving up and attacking at full force
- Weighing options-help
- PNC Undergraduate Student Loans?
- Dependency Overrides due to Abuse - Do They Have Any Affect on Previous Private Loans?
- What are the disadvantages of an IDR forgiveness plan assuming I can afford the tax bomb?
- How do I chose a private student loan lender?
- Specific Question About Graduate/Non-degree seeking Student Loans
- $2000 loan with 3.4% interest rate. How much more will I have to pay 2 years after disbursement?
- Help with defaulted student loans
- My Son’s student loan was put into the default after the CARES act was passed? Got an email 4/20 that it was in danger of going into default. Never got a letter.Was this a mistake?
| Posted: 05 Jul 2021 07:00 AM PDT I'm a US citizen now living in the UK. SM doesn't allow any international card payments or allow direct debits from foreign banks, leaving me to transfer my monthly payments to my mother every month. I can't even set up her bank account to auto-pay because the online form to set it up automatically fills in my own name as the account holder with no option to change it. There's no easy option to pay online with a card even if it's a US one, so I'm left using their online chat system every single month - which I still can't use the automated chat for, I need to speak to a person, who isn't always available. Any other international loan holders struggle this much? As a side note, does anyone know of refinancing companies that would accept international payments (or a UK refinancer that would refinance a US loan)? [link] [comments]  |
| Posted: 05 Jul 2021 09:31 PM PDT Right now I am getting ready to start my second year of law school. I owe about $13,000 in loans, and have enough in the bank to pay it all off, but it will just about break me to do it. If all goes well, I will need to take out about $7-10,000 over the next 2 years to finish. This means I can either graduate with roughly $23,000 in loans, or $7-10,000. What do you guys think I should do? Thanks for any input. [link] [comments]  |
| I know nothing about paying back my loans Posted: 05 Jul 2021 10:20 PM PDT In the beginning I tried calling my loan service MOHELA, but they never answered the phone. They only ever respond through email with copy/paste replies, and it makes it difficult to communicate. !!! [link] [comments]  |
| Stuck between giving up and attacking at full force Posted: 05 Jul 2021 04:11 PM PDT Sorry I'm struggling today and need to vent. Is anyone stuck between wanting to go full on intense mode to get rid of your loans or just wanting to give up and not bother? I graduated with about $130K in debt at age 20 and it has been my biggest regret and has left me so defeated and depressed. The loan is at about $147K now ($114K parent plus loan, $33K in my name) and I have about $105K in my bank account. I'm starting to finally feel like I'm getting close but I'm also just so defeated and sad to think it has taken me so long to save up this money and if I put it towards the loan it feels like I have nothing to show for how hard I've worked to save. In one hand I wanna just go crazy and try to get rid of my loans by 30 (I have 1.5 years to go) but then I get depressed and just say I'll try to pay the bare minimum and just get over it and stop thinking about it. I'm honestly really crossing my fingers they extend the covid deferment for another 6 months or do something about lowering the interest but I'm not holding my breath. My loans are at like 7% and that parent plus loans climbs and climbs I just can't handle it anymore. [link] [comments]  |
| Posted: 05 Jul 2021 05:56 PM PDT I work as a nurse and have 29k in student loans. My husband has a good paying job as well. We are pretty set on retirement as his parents have been putting money into a retirement fund since he was a child and we put a huge percentage of our income in our 401K as we can before we have kids and May need to decrease what we put in. We figure it's best to put in a lot on the front end to give it the most time to grow. We have 40K in the bank (before I've made my first paycheck) and we don't have housing to pay for at the moment so as soon as I get my first paycheck, 100% of it goes to savings. Our question is- should we pay off my loans in full and then start aggressively saving 100% of my income for liquid savings OR should we do PSLF and have to make small payments for 10 years but still have the debt hanging over our head? [link] [comments]  |
| PNC Undergraduate Student Loans? Posted: 05 Jul 2021 01:37 PM PDT Hello, I'm in a bit of a tough situation right now. I am about to start my first year of college at a public university next month and I thought my parents were able to afford it, and now they may not be able to since there are so many bills that need to be paid in my household. My college is 24k a year, including housing, tuition, and the scholarships I've received. However, something went wrong with both of my parents taxes while filling out FAFSA and now I'm not able to get any financial aid or federal loans from my school. I am considering doing private loans but my mom said she doesn't want to take out any loans and my dad is not good at saving money and doesn't spend his money well. My bank is PNC and I only have a debit card from PNC. I'm struggling to find information about how private loans work and if you have to pay monthly for them. At this point, private loans are my only hope unfortunately or I might have to find another college that is cheaper and one that I don't want to go to. In short: My parents might not be able to pay for the college I'm attending next month and I don't know how PNC Undergraduate Student Loans work or what to do in this situation [link] [comments]  |
| Dependency Overrides due to Abuse - Do They Have Any Affect on Previous Private Loans? Posted: 05 Jul 2021 12:08 PM PDT Some background: Since junior year, I've been considered an independent student. I pursued a dependency override to escape long-term abuse. My first two years of college, I wasn't aware this was possible, but I'm grateful to have finally gotten out. Those first two years, I took out private student loans through Citizens, co-signed by my step-mother. I took out those loans for my own education; in a legal lens, I'm clearly responsible. But college is what got me out of my abusive situation (I moved to a city six hours away). My parent's income was included on the first two FAFSAs, which then determined how much I needed to borrow from a private lender. And let me be clear: The situation that prompted the override has been happening - well, most of my life. I wasn't in a safe space when I took out these loans. I'm not confident that much can be done retroactively, especially when working with private loans. Yet I can't help but wonder if there's something I'm not yet aware of, much like how I previously wasn't aware of the dependency override. If anyone has any thoughts or resources, thank you in advance! [link] [comments]  |
| What are the disadvantages of an IDR forgiveness plan assuming I can afford the tax bomb? Posted: 05 Jul 2021 07:56 AM PDT I graduated from a pricey graduate program in spring 2020 and I'm just starting to look into different repayment options. I have a small private loan that I'm planning on repaying in full soon, but my federal loans are currently over twice my salary. There's a lot of room for growth in my field, but I've just started my career and the thought of using most of my discretionary income to pay down interest is depressing. Advice on Reddit tends to lean towards paying as much debt down as fast and aggressively as possible, but are there any downsides to planning for forgiveness under an IDR plan? [link] [comments]  |
| How do I chose a private student loan lender? Posted: 05 Jul 2021 05:23 PM PDT I apologize in advance if this question gets asked a lot. For my last two years of undergrad I'm going to need to take out a private loan (about $5-10k). I'm already taking out federal student loans as well. I have decent credit and a co-signer if needed, but I'm not sure who to apply with. How did you make your decision and are you happy with your private lender? Thanks for your help! [link] [comments]  |
| Specific Question About Graduate/Non-degree seeking Student Loans Posted: 05 Jul 2021 02:57 PM PDT Hello all, my situation is that I did not apply early enough to graduate school to qualify for classical aid and loans under that classification. I am attending graduate-level courses which can retroactively be applied to my program once I apply during the same semester I am taking the classes, this fall. My question is that since I do not qualify for graduate school student loans that there are some options available for those who are pursuing certifications or other non-degree programs like some technical schools, thus some lenders like sallie mae have avenues for these loans but when I do the application on their website, I immediately do not qualify for such a loan under their questions/criteria. When I attempt to apply for graduate student aid for this semester, I qualify but havent gone through with the sallie mae loan application process for this because not only do I need a cosigner first, but I am worried that if I go through with the loan, again assuming my school in Nevada would even allow it, I am worried it could be fraud of some sort. I am told by my advisors and admin that the classes I will be taking this fall semester will be classified as non-degree seeking/graduate special student but will fill out paperwork that allows these credits to be applied to my masters degree that I will be formally applying for during this fall semester, inducted the following spring semester. I absolutely have to take these classes this semester because theyre fall only but theyre also several thousand dollars and I am not worried about taking out the loan but am stressing about actually being able to get offered one. Thank you to those who answer, Cheers [link] [comments]  |
| $2000 loan with 3.4% interest rate. How much more will I have to pay 2 years after disbursement? Posted: 05 Jul 2021 12:28 PM PDT As the title says. Can anybody calculate this for me? [link] [comments]  |
| Help with defaulted student loans Posted: 05 Jul 2021 11:33 AM PDT Hey guys, New here sorry if I'm not doing this properly or if this isn't the right place for this post. I took out a couple of loans for a school straight out of HS. Not much luckily less than 5k I transferred from the university and continued my studies. Fast forward a few years later and I find that my loans from the first university are in default and they went into repayment 2 years after I transferred. This has ruined my credit. Does anyone have experience with something like this? I was still enrolled when they went into repayment. I can repay at anytime but would like to know if I can fix my credit before. [link] [comments]  |
| Posted: 05 Jul 2021 02:42 PM PDT |
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