Biden Loan Forgiveness Guaranteed...now that I made my last payment Student Loans |
- Biden Loan Forgiveness Guaranteed...now that I made my last payment
- $150k in student loans
- When should I pay off full student loan amount?
- Debilitating Loans
- Heard that 80% of the borrowers aren't making any payments, nor do they plan to with their current salary. Will government really garnish their wage and make them homeless? Or will there just be a one-time cancellation?
- Will my student loans cover me?
- Student Loan Repayment Plan
- Nelnet shows my next payment is not due until 11/28/2021.
- sallie mae repayment question?
- Borrowers defense
- Student loans making it nearly impossible to finish my degree, HELP
- Borrowing per semester vs a full academic year. Which is better?
- I need help with loan information
- Variable vs fixed student loan?
- Gaming the System: Maxing Out a Sign On Bonus Programs
- Question about PAYE and payment calculations
- Using STUDENT LOANS to pay back STUDENT LOANS? Bad idea or smart payoff strategy?
- Fedloan Trying to ditch Borrowers and get out !
| Biden Loan Forgiveness Guaranteed...now that I made my last payment Posted: 03 Aug 2021 08:39 PM PDT That's right guys and gals, I had more than 200k in student loan debt thanks to my undergrad and doctorate degrees. I made my last payment today, which all but ensures that tomorrow or this year Biden will forgive all student loan debt, and I'll want to cry into a pillow. For now, it feels good, that debt was an Albatross and limiting my choices in life. While I don't regret my degrees, when I was 18 (now 38) I had no clue what debt meant it should be absolutely illegal to let kids go into debt as I did. Keep contacting your politicians, this system needs to be changed! [link] [comments]  |
| Posted: 03 Aug 2021 11:48 AM PDT I have $150k in total student loans from undergrad and grad school combined. I applied for IDR and it estimated my monthly payment at $1200 a month. Does this sound right for someone only making $55k a year? I also pay for my mortgage, utilities, other bills. I sold two of my cars to focus on my student loan since I work from home. [link] [comments]  |
| When should I pay off full student loan amount? Posted: 03 Aug 2021 09:28 PM PDT Hi everyone, I'm wondering since the forbearance pause ends on September 30th, when should I pay off my student loans? I haven't made any payments since the forbearance started, but I saved enough to pay off my loan in full. Should I pay on September 1st or is a week before the 30th enough time for the payment to go through? Side question: If I don't pay my loan in full before the forbearance ends, how does that affect my balance? Does the interest amount get added to my balance for those 6 months? I belive the term is interest capitalization, but I don't understand it completely. Thank you for any help! Loans amount: $22,000 Loan providers: Nelnet and Fedloan [link] [comments]  |
| Posted: 03 Aug 2021 05:23 PM PDT Hi! I'm a 25 yo F. I'm going to make this as short as possible. Started college in 2012, graduated in 2019 with a bachelors in sociology. Came out with about $44,000 in federal loans and $67,000 with Sallie Mae. I am drowning in monthly payments right now. My Sallie Mae payment is so high and I can't afford it every month on top of paying rent, and all my other bills. I'm making $20 an hour right now. I can't find any higher paying jobs that I'm qualified for. I need to get a car, but won't be able to afford a payment. I can't default on my Sallie Mae loans because I have two co-signers. Helpppppp 🥺 my mental health is dwindling. [link] [comments]  |
| Posted: 04 Aug 2021 01:05 AM PDT |
| Will my student loans cover me? Posted: 03 Aug 2021 03:48 PM PDT I have $16,000 in student loans and Im halfway through my program of study. And I'm expected to graduate in 2023-2024. Taking that into consideration I know that the borrowing limit for independent undergraduates is $57,000. So my question is will I have enough student loans to cover me until graduation? [link] [comments]  |
| Posted: 03 Aug 2021 06:53 PM PDT How aggressive to be repaying loans. Currently a 25m working a good job. I make enough to be aggressive but at the risk of saving for other life events (i.e down payment, nicer engagement ring, wedding) in the next few years depending on aggression. I have an emergency fund and a Roth 401k. Not rich by any means just organized. UG loans equate to approx. $28,000. Through a combination of workplace benefits and scholarship I do not have to take any loans out for my masters. Current interest on 6 loans (combo sub/unsub) is an average of about 5%. Through payment of minimums ($200/month) and selling company stock after each offering period ($1,700 x 4 periods = $6,850) I can afford an average yearly payment of $9,250. Plus any bonus or tax returns. Additionally, I plan to pay $10,000 out of my savings before COVID forbearance runs out. I'm hesitant to do more if the government will give any sort of relief. Estimates have me finishing by end of 2023. Tl;Dr - can pay off by 2023 at opportunity cost of some life events in the next couple of years. But the prospect of being debt free when I finish grad school is huge. [link] [comments]  |
| Nelnet shows my next payment is not due until 11/28/2021. Posted: 03 Aug 2021 04:07 PM PDT Does anyone know why this wouldn't be in October? I thought with the forbearance ending October was when payments had to start being made again. Thanks! [link] [comments]  |
| sallie mae repayment question? Posted: 03 Aug 2021 08:30 PM PDT so i have a concern... i got approved for a loan for 34k from sallie mae... before i accepted the loan i looked over the repayment options because i had to choose.. it says that after school payment i had to pay about 500 dollars a month for 15 years... doing the math, that's about 100k for just one year... and i'm not understanding why it's so high? i decided not to go with sallie mae because of the price... but i have declined technically. my question is why is it so high? for all 4 years it's about 120k.. so is this loan for all 4 years? or just the year? because i chose that i needed loans for this one year [link] [comments]  |
| Posted: 03 Aug 2021 01:37 PM PDT Has anyone with ITT tech student loans gotten their loans forgiven yet? I applied for borrowers defense a long time ago and still haven't heard anything. [link] [comments]  |
| Student loans making it nearly impossible to finish my degree, HELP Posted: 03 Aug 2021 06:27 PM PDT I (25 F) currently am unable to get my transcript from ORU because of a balance I owe them, and because of this I cannot get any type of federal grant or aid. Since I can't enroll, other loans are coming due, and one has even been sent to collections. (They counted the time during the pandemic against me). I feel SO overwhelmed by all of this and I literally have nobody to ask for guidance with this. I'm too anxious to even call them to discuss what I need to do. Advice? [link] [comments]  |
| Borrowing per semester vs a full academic year. Which is better? Posted: 03 Aug 2021 02:23 PM PDT Anything wrong with submitting two applications during the academic year? I'm going to be part time this fall but full time next Spring. I can't seem to get approved since most options were for the whole academic year and I was putting "part-time status" even though it was only for the fall. I just reapplied for Ascent for only the fall and I was preapproved. Is this alright? [link] [comments]  |
| I need help with loan information Posted: 03 Aug 2021 01:27 PM PDT Ok I'm 19 I'll be a sophomore at the university of Arkansas. My tuition a year $12,000. I did FAFSA and was only awarded $6,500 split between two semesters. This obviously isn't enough to cover my tuition. So I don't know what to do. My parents on aren't educated on loans. So I need extra money to cover the tuition so what should I do? A parent plus loan? Idek [link] [comments]  |
| Variable vs fixed student loan? Posted: 03 Aug 2021 10:57 AM PDT Which should I do? I see for most of the lenders, the range for variable is lower, like 1-8%, while fixed is like 3-10%. But that means if I get my variable rate, it could go either up or down, right? So I'm leaning towards variable, because fixed is usually just higher. Am I wrong? Help me please lol [link] [comments]  |
| Gaming the System: Maxing Out a Sign On Bonus Programs Posted: 03 Aug 2021 10:51 AM PDT My wife has $135k of student loan debt currently under a federal program at a high interest rate. Through diligent saving, we now have cash to pay off $115k of the loans. We'd like to refinance all $135k to a private lender for a lower interest rate once the federal interest pause ends next month. We intend to pay the remaining $20 off before the end of the year. Here's the big question: which private student loan company should we go with to maximize the bonus? For obvious reasons, we don't care about the interest rate much :) [link] [comments]  |
| Question about PAYE and payment calculations Posted: 03 Aug 2021 10:20 AM PDT Currently trying to figure out the best repayment plan for our family. My spouse has $200k in debt and I have $36k. Our income is going to grow significantly over the next few years. Questions: 1. If we are in PAYE and file married separate, I am looking at what the 10 year standard payment amount would be for my spouse if we get to the point where he's reached the standard plan amount. Is it based on the standard plan amount from 5 years earlier (let's say this happens in 2026) or the new calculated standard plan amount with the accrued interest?
Thanks in advance!! [link] [comments]  |
| Using STUDENT LOANS to pay back STUDENT LOANS? Bad idea or smart payoff strategy? Posted: 03 Aug 2021 09:04 AM PDT I am considering taking out lower interest loans to pay off higher interest students loans. I (25M) have approximately $27k in current student loans. I am going back to University(US) to get a second undergraduate degree, this time in software engineering. I only have 2 academic years left, and will only take out loans this academic year and the following. CURRENT LOANS: I have an $8k student loan at 6% interest and a $7k loan at 5.3% interest. Both are unsubsidized student loans and will collect interest while I am at university. PROPOSED LOAN(s): I have acquired some scholarships that will cover all but $6.5k for the academic year. Of that $6.5k, I will be paid using $5.5k of subsidized loans at 3.73% interest and $1k of unsubsidized at 3.73%. My question is, for the current academic year and the next one (assuming I don't loose scholarships next year or get new ones), should I take out an additional $4k in unsubsidized student loans at 3.73% interest to help pay off the $8k unsubsidized student loan at a 6% interest rate? This way over the course of 2 academic years I will hopefully have paid it off completely. Besides yes or no, do you guys have any other approaches I could take besides what I'm thinking? Thanks! [link] [comments]  |
| Fedloan Trying to ditch Borrowers and get out ! Posted: 03 Aug 2021 11:46 AM PDT I hate it that Fedloan is ditching us , it should service at least 6 month until after whenever Forbearance ends so borrowers can catch any errors made by them and get on pace with people , Not just get away with it ! , and leave people in limbo in the middle of pandemic when no one knows what's going on and I'm sure there are errors with payment counts , capitalization , etc after Forbearance ends and they know it , And trying to get rid of the loans. They should be held accountable, they cannot leave contract until at least 6 months after Forbearance Ends. I'm so for it for Fedloan change , but NOT NOW ... You KNOW THEY ARE GOING TO SCREW BORROWERS AND GET AWAY WITH IT. DO NOT LET THEM GET OUT OF CONTRACT UNTIL DEC 2022. They are outsmarting the system , it's so reckless if ED let them do this now ! [link] [comments]  |
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