90k principle of student loans paid off in 3 years!!!! �� Student Loans |
- 90k principle of student loans paid off in 3 years!!!! ��
- In your 30s with student loans? Let’s vent. (32yo w/ $43k left)
- How will marriage impact my Income Driven Payment?
- Private loan
- personal loans
- Good reasons why you consider taking a Personal Loan from Bad Credit Loans
- Do I transfer?
- Keep going to expensive school for one more semester?
- Should I take out the loan or nah?
- Does living with parent affect financial aid greatly?
- Mature Student looking for $5000-$10000 Loan
- Am I missing something about PSLF? It sounds too good to be true
- Advice on loans
- Looking for payoff advice
- Would working for a for-profit company that is a subsidiary of a nonprofit qualify for student loan forgiveness?
- What does it mean to pay off the interest first?
- Remaining account balance
- If someone has $40k in student loan debt, and they have a good paying job ($18 an hour), and they graduated 3 years ago.. how are they able to get out of paying the loans back?
- Question regarding credit score of cosigner for student loan
- Do I pay off all my student loan debt now or over time?
- When do I START paying my Sallie Mae loan back? While I'm still in school or after I graduate?
- Pursue PSLF or just do a rapid debt payoff?
- subsidized loans and going back to school
- How can I see the interest rates on my individual loans during COVID forbearance?
| 90k principle of student loans paid off in 3 years!!!! �� Posted: 02 Aug 2021 04:34 PM PDT Needed a place to celebrate with some people, finally debt free at age 25. Cheers people, don't give up and keep fighting the good fight! 🥂 [link] [comments]  |
| In your 30s with student loans? Let’s vent. (32yo w/ $43k left) Posted: 02 Aug 2021 06:30 PM PDT The title says it all. I'm just making this post because I came across a similar one last year that helped when I was feeling super low. Let's get our feelings out in the comments, yall. I've been working to pay down my student loans since 2016 and still have a little over $43k left in refinanced debt (law school, refinanced with First Republic). I'm 32, employed, and make enough to pay my bills on time and contribute extra to my student loans most months, but that fatigue is hitting me something fierce this month! I'm not trying to get into any kind of trauma olympics with anyone, everyone's situation is different, but if you're in your 30s and are still facing a mountain of student loans I just want you to know that I see you and applaud you. We got this! Where my other debtridden thirtysomethings at?? [link] [comments]  |
| How will marriage impact my Income Driven Payment? Posted: 02 Aug 2021 11:31 AM PDT Hello everyone! I'm getting married in September and I want to start planning how this may impact my student loan payments. I'm currently on the REPAYE income driven plan for PSLF. From what I understand, if I get married, they would include her income, which would substantially raise the payment. That leaves me PAYE, IBR, and I lCR options from what I understand. Which would be the cheaper option? I'm aware I would also need to consider the pros and cons of filing jointly or single for my taxes. There are a lot of variables to take into consideration. She's finishing school this December and will start working salary at the beginning of next year. Let me know what you guys think or recommend. Thank you so much for any help in advance! [link] [comments]  |
| Posted: 02 Aug 2021 08:45 PM PDT Hi guys. I have a question regarding to my boyfriend's loan. He failed classes over the summer and financial aid office said that fafsa won't cover those classes because he failed twice ( i believe it was twice) He has 580 credit score and I have 780 with no debt so I'm cosigning him. But with me, interest we are getting is around 11% from sallie mae and other private loans and that just doesn't look right to me. Any private loan recommendations? We are so lost. Thank you in advance. [link] [comments]  |
| Posted: 03 Aug 2021 01:45 AM PDT |
| Good reasons why you consider taking a Personal Loan from Bad Credit Loans Posted: 03 Aug 2021 01:42 AM PDT
[link] [comments]  |
| Posted: 02 Aug 2021 01:25 PM PDT I'm about to be a junior at NYU. I have 40k in loans; and it'll cost another 22k in loans for the next two years, leaving me with 62k total. I've enjoyed my time here, but it hasn't been the easiest. My other option is Umich. A lot of my friends go here, and it'll be a little cheaper. It would be like 13k in loans for the following two years, which leaves me with like 53k total. I wouldn't mind switching to umich, I'd be living with a friend, and I'm used to the Midwest life. At NYU, I'd be living with people I don't really know, and I've lost contact with my friends there because of covid. So I'd be starting over no matter what, but I prefer the city. Just looking for some advice. [link] [comments]  |
| Keep going to expensive school for one more semester? Posted: 02 Aug 2021 11:51 PM PDT So let me sum things up real nice and tidy I was silly and enrolled in a a fairly expensive out of states school ($800 a credit hour) for a computer science degree Seeing my mistake I started researching OTHER schools and I found a school I like. I was enrolling but my High School did not send my transcript in time despite my many attempts for them to do so. So I cannot be enrolled in time for next semester at the more affordable school @ $400 a credit hour. Also I haven't been in school a long time (this is my first time in a class room setting in over a decade) so my thought process is stay enrolled at my current expensive school for one more semester BUT ONLY take 2 classes which would come out to $4,800 I would likely need to take out a federal loan for that. This way I can still keep making progress towards my degree, and my credit hours will transfer. I fear that if I take a semester I may not go back, just like I said after High School, I took a year off and never went back. [link] [comments]  |
| Should I take out the loan or nah? Posted: 02 Aug 2021 05:15 PM PDT Hi guys. So I will be starting my masters degree at Indiana University (online.) basically I have saved money and found that I can afford to pay semester without help from a loan BUT should I take out a loan just in case as a cushion? If I don't need it I can pay it back at the end of the semester. Thoughts? [link] [comments]  |
| Does living with parent affect financial aid greatly? Posted: 02 Aug 2021 02:38 PM PDT Does my financial aid change greatly if I change from living off campus to living with parent? If I live with parents I would have to pay them 500 rent per month with food included and if I live off campus I would have to pay 500 rent while buying my own food. [link] [comments]  |
| Mature Student looking for $5000-$10000 Loan Posted: 02 Aug 2021 12:21 PM PDT Hey all, I'm in my thirties, married no kids, resident of NYC; heading back to school this Fall as a Freshman Anthropology major in the city system (CUNY). So overall tuition for 4 years will be approximately $25000. My FASFA, TAP, and selective service needed verification, and that took months to confirm so financial aid is out for my first year, not that it would cover it all anyway. I'll be qualified for many scholarships and additional aid in my Sophomore year once my GPA is tallied as well and getting a few free credits due to "life experience" because I'm over 25. So overall should be an affordable degree! I'm looking to get $5000-$10000 in a loan for my first year and am struggling to figure out the best choice. I've seen Sallie Mae, SoFi, Earnest, etc and don't trust the info on these sites that are obviously biased. Any experience or advice on this would be greatly appreciated, thank you! [link] [comments]  |
| Am I missing something about PSLF? It sounds too good to be true Posted: 02 Aug 2021 01:12 PM PDT I currently have 16k in federal loans for undergrad. I'm beginning a graduate program that will cost about 20k over the length of the program (around 2 years). I'm eligible for up to 34k in direct unsubsidized and PLUS loans per year. I work full-time at a 501(c) (3) organization and will continue to after getting my degree (working in Higher Education, degree in that) so I am/will continue to be eligible for PSLF. According to the calculator on the FSA website, I would pay the same amount of $$ before forgiveness regardless of if I take out only the amount I need for tuition, or if I take out the maximum amount. Ex: If I take out 25000 it says I would pay 23000 and have 36000 forgiven If I take out 68000 it says I would pay 23000 and have 105000 forgiven. Is this too good to be true?! Please tell me If I'm missing something! [link] [comments]  |
| Posted: 02 Aug 2021 06:15 AM PDT Hi! I am 24 and a teacher. I have $150k in student debt (that includes interest) and I have very high interest rates. I pay about $1,500 per month, which is honestly one entire paycheck for me. This is very difficult to manage and it is keeping me from moving out on my own. A portion of my loans are federal and I am not paying them now because they are on hold from COVID. The rest of my loans are mainly NJClass loans. I was also told that I should not refinance yet since I've only been paying these loans for about 2 years. Help! Any suggestions? These loans seem ridiculously high. Thank you! [link] [comments]  |
| Posted: 02 Aug 2021 09:02 AM PDT Currently a physical therapist with about 90k in debt all federal with average weighted interest of 6%. Salary is 80k. I am having a hard time deciding which strategy to go after because the salaries are extremely flat in PT and we often don't even get cost of living raises so it makes it extremely hard to get out of debt( my 1-3 year plan is to transition out of PT completely for this reason). In the meantime I need to figure out how to tackle these loans. Option 1) 10 year standard payoff strategy and trying to work extra hours to dump more money in Option 2/3 paye or repaye and throwing the extra on top but gives me a cushion so my minimum isn't so high .Not sure what the main difference is between th and how they can help( I've done some research but don't know if it even makes sense in my situation. Tia! [link] [comments]  |
| Posted: 02 Aug 2021 10:22 AM PDT I work for a for profit diagnostic lab that is the subsidiary of a nonprofit hospital. It doesn't seem like I would qualify from the little research I've done, but I figured I'd ask. [link] [comments]  |
| What does it mean to pay off the interest first? Posted: 02 Aug 2021 12:01 PM PDT Hello! I recently graduated from a trade school in US California and have a 6 month grace period before having to pay back student loans. I recently got an email from the loan distributor that had this to say: "Please note that when you begin or resume payments, any unpaid interest will be added to your principal balance. Your increased principal balance will then generate more interest, increasing the overall cost of your loan. This process is called capitalization. You have the option to pay your unpaid interest before it capitalizes, to minimize its impact on your loan balance and overall loan cost. Contact Great Lakes if you would like to pay your interest before you enter repayment." What does this mean exactly? My student loan is about 47k and the interest accrued is around 3k So what do they mean by "capitalizing?" [link] [comments]  |
| Posted: 02 Aug 2021 07:24 PM PDT I owe about 1.4K before my final semester starts in about 2 weeks. Should I take out a loan worth that amount or should I just max out my credit card and pay it back? My credit may take a hit but it'll be paid off in about a month or so anyway. Thoughts? [link] [comments]  |
| Posted: 02 Aug 2021 07:00 PM PDT The person in question has been able to avoid paying back their loans for the last 3 years, but yet they have a good paying job. I know there's Income-Repayment Plans, but if they make good money, why aren't they requiring he pay something? Also, if the person is married, do they look at both incomes? Or just the person's income that took out the loans? [link] [comments]  |
| Question regarding credit score of cosigner for student loan Posted: 02 Aug 2021 06:04 PM PDT Hi everyone, hop y'all are doing well. I'll try to keep it short: My uncle is cosigning my student loan with discover and has been my cosigner for the past two semesters. However when I filed an application for next fall semester he was denied for 'credit reasons'. His credit score earlier was around 750 and was approved in the very first attempt during previous semesters and we were told that if everything stayed the same, we were eligible for unto $100k in student loans. Now that he was denied, we got a letter saying that he was denied because of the following reasons that neither me or my uncle can understand: - "Collection Item and/or Counseling Services on credit file" - Derogatory public record or collection filed - Proportion of balances to credit limits is too high on bank revolving or other revolving accounts. He clearly told me that nothing suspicious had happened in the past and he has no pending payments or anything like that. I'm doing my research on what this means but my uncle is really old so if anyone here can explain what exactly this means, we'd appreciate it. Thanks in advance! [link] [comments]  |
| Do I pay off all my student loan debt now or over time? Posted: 02 Aug 2021 02:12 PM PDT I just graduated college and have about $11k in student loans, which really isn't bad. Two ~5k loans, one at 4.5% and one at 5%. I recently got employed and will make about $60k a year. I have about $15k in savings so I could technically pay it off all now but I would deplete the majority of my savings. I'm only planning on staying for a year maybe two before going off to grad school to get my PhD. I also have a dog and the savings was mainly for him if something went wrong. I don't really know how to go about this or what I should do hence why I'm posting here so any advice or help would be rlly appreciated [link] [comments]  |
| When do I START paying my Sallie Mae loan back? While I'm still in school or after I graduate? Posted: 02 Aug 2021 12:53 PM PDT |
| Pursue PSLF or just do a rapid debt payoff? Posted: 02 Aug 2021 09:12 AM PDT I am either 3.5 years or 5.5 years into PSLF. Reason being I worked 2 part time jobs in my field that totaled over 30 hours a week for 2 years (I believe these qualify but who knows?) and for the last 3.5 years I've worked full time in my field. The start date of my payments were 03/2016, which was actually the first month I was employed at the two part time jobs until I started at my current position in 3/2018. I have 11.8k left in subsidized loans from undergrad at 3.5%. I make 48k gross and I'm single with no dependents. After health insurance my gross is 46k a year. I just recertifying for the IBR plans but the payment could be anywhere from $89 for ICR or up to $172 for the standard. I also just asked them to recalculate my qualifying payments since they only had me at 7 from my initial application to establish me under PSLF. I had submitted paper apps to them before recertifying but I guess they never received them. Past me should have followed up but I did not. Basically, I'm trying to figure out now if PSLF is even worth it. I initially graduated with a masters and 58k in student loans but was very eager to pay them off. I didn't know if I would stay in my current field so I decide to pay them down. I'm pretty sure I'm staying in my field at least another 10 years so PSLF is an option now. I want to focus on other financial goals now like buying property and saving for retirement. I don't like them being there but ultimately I just want to pay the least towards these things assuming PSLF. However the determining factors are how many years I'm already in PSLF and if I can get approved for an IBR plan vs the standard. If I only get approved for the standard the best plan will probably just be to pay the balance off as quick as possible. [link] [comments]  |
| subsidized loans and going back to school Posted: 02 Aug 2021 02:50 PM PDT So I know interest stops on subsidized loans while taking at least 6 credits, I graduated with my bachelors and am starting more school this month, I will be in at least 6 credits so my question is will my interest automatically stop once my classes do, or do I have to do anything with FAFSA to make that happen? I did apply with FAFSA for my new program so they know I'm taking at least 6 credits. Thanks! [link] [comments]  |
| How can I see the interest rates on my individual loans during COVID forbearance? Posted: 02 Aug 2021 02:37 PM PDT I have 17 different federal loans (all serviced by FedLoan) from my bachelor's and law degrees. The loans are a mix of subsidized and unsubsidized stafford plus some PLUS loans from law school. I want to start paying down the higher interest rate ones and get an avalanche going but the interest rates are all listed as 0% and I can't see a way to check what they were before. I know generally it's going to go PLUS>Graduate stafford>undergraduate stafford, but is there a way I can get more specific than that? [link] [comments]  |
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