Paid off 70k last night. All Done!!! Student Loans |
- Paid off 70k last night. All Done!!!
- Come check out r/EssayProOfficial
- Borrower defense for ITT Tech
- Just paid off the 2nd half of my student loans!!! Debt-Free!!
- Didn't pay back loan and now I'm a home owner
- Can I use my pell grant for personal use instead of education
- Student Loans Finito
- Did I make the correct decision to refinance my student loans?
- Take pity on a broke and not exactly the most money saving student and gove me tips plsss
- SCAM ALERT - "Student Health Assistance" - Alternative/New Number
- Should I refinance my student loans?
- What's the latest on whether Nelnet and Great Lakes will continue servicing Federal student loans?
- What do I do?
- Should I take a loan?
- Anyone know if the Student Loan overhaul might involve a re-visiting of the denied Borrower's Defense to Repayment applications during the last admin?
- Lower interest rate vs lower monthly payment?
- To pay off interest or not?
- Has anyone received the heerf 2 funds yet? If so, how long did it take after the deadline for you to receive them?
- When using leftover student loan money, is it okay to purchase books online, or is it mandatory that you purchase the books at the bookstore?
- Tricky Situation (Explained More in Detail in Post)
- Scam Alert-Received This VM This Morning
- Immediate need of loan
- Private/State Loans
- What/who determines if you qualify for federal loans or private loans?
| Paid off 70k last night. All Done!!! Posted: 10 Aug 2021 11:23 AM PDT I graduated in 2013 with a BFA and 70k worth of student loans. Last night I paid off the final 2k!I took a break on paying them down in 2018-2020 to save money for a down payment. Got a sweet little affordable house mid pandemic. My income went from 30k - 70k (70k only in the last two years) from 2013 to now. It was hard seeing friends take a year or half a year off to go on vacations or live abroad. 2013-2016 was pretty depressing, and I thought I would never get rid of my loans, I didn't even really look at them, just paid the minimum. I lived beyond my means then, not by a ton but enough to rack up 4k credit card debt doing some emotional spending after a big break-up. That was my turning point and I got serious about my lifestyle and paying attention to how I spend. I worked really really hard, and got really really lucky in a job that believed in me. I am so happy and proud of myself. Also ---- I did this with my art degree! [link] [comments]  |
| Come check out r/EssayProOfficial Posted: 11 Aug 2021 02:01 AM PDT Welcome to the world of r/EssayProOfficial Become a member of our family and write the best essays ever!!!! [link] [comments]  |
| Posted: 10 Aug 2021 05:37 PM PDT The Department of Education (Department) has approved your claim for forgiveness of your federal student loans under the borrower defense to repayment rules, 34 C.F.R. §685.206(c) and §685.222. We have determined that you are entitled to forgiveness of the loans associated with your enrollment in program(s) at ITT Technical Institute based on the school's material misrepresentation(s) to you. The Department also has determined that the value of the education that you received was minimal. After four years waiting and fighting im so thankful for this new administration im literally crying right now. [link] [comments]  |
| Just paid off the 2nd half of my student loans!!! Debt-Free!! Posted: 10 Aug 2021 10:41 PM PDT When COVID hit and student loans were deferred, I was unable to get unemployment and decided to go back to work at a grocery store and save up to pay off my loans. I paid off about 15k last October, and last week I finished paying off the second 15k. I feel like the biggest weight has been removed from my shoulders. This has been the only good thing about COVID that has happened to me!! [link] [comments]  |
| Didn't pay back loan and now I'm a home owner Posted: 10 Aug 2021 05:08 AM PDT I have about $41000 to pay back due to my master's degree. I choose not to pay during the forbearance period and decided to save that money instead. Not having to pay that back really fast track my goal of homeownership. On one hand, I feel accomplished because I've been able to pass a huge milestone but on the other, I feel more stressed because I now have two loans. I felt like the longer I waited the more impossible it would be for me to purchase a home especially due to inflation and how the market is right now. Has anyone been in this position and what are your thoughts? [link] [comments]  |
| Can I use my pell grant for personal use instead of education Posted: 11 Aug 2021 02:27 AM PDT |
| Posted: 10 Aug 2021 04:39 PM PDT I have followed this community for years now and it kept me motivated. Graduated law school in 2017. My GI Bill covered the majority of my tuition. A great bonus was that my law school participates in the yellow ribbon program. I made my last payment in January 2021. $31,756.10 paid to principal and $3,406.30 paid to interest for a total of $35,162.40. My salary went from 45k to 70k to now 120k. You will get there!! [link] [comments]  |
| Did I make the correct decision to refinance my student loans? Posted: 10 Aug 2021 08:02 PM PDT I have 45k in private student loans. I submitted an application to refinance from a 5 years loan paying $963/month to a 10 year loan paying $444/month. I'm a very diligent saver and budgeter and will not start living life like I got a big raise. The stress of that big payment every month was really starting to get to me. I would rather pay less up front even if it means paying more interest. I still fully plan to pay off the loan in 5 years. I just plan to dump more money at the loan once I have it saved up. My interest rate even dropped from a 5 year @ 3.36% to 10 years @ 3.14%. Credit score is about 815. Annual income is 65k and I have no other debt. My rent is $250/month as my landlord is the mother of a good friend. [link] [comments]  |
| Take pity on a broke and not exactly the most money saving student and gove me tips plsss Posted: 10 Aug 2021 11:25 PM PDT INCOME - Monthly maintenance loan: £506 (idk how sfe will give it but yh)
= Monthly Income Total: £1178 OUTGOINGS - Monthly Rent: £667.40 - Spotify student: £5.99 - Socials: £100 - Groceries: £100 - For **** that might happen: £100 = Total Monthly Outgoings: £973.39 Remainder after bills: £1178 - £973.39 = £204.61 HELP I need to save up for a car. I want a Hyundai i10 (second hand around 6-8k) and that's not even considering insurance and road tax n stuff. AND I'd also like to have savings for other things like idk for a house when I'm like 25. Help?????? Also tips for passive income FOR A STUDENT WHO IS VERY MUCH NOT MONEY SUAVEY AND will be busy studying. [link] [comments]  |
| SCAM ALERT - "Student Health Assistance" - Alternative/New Number Posted: 10 Aug 2021 05:21 PM PDT Hey All, So I received this nice little phone call from a very helpful individual. I had a little fun and decided to spam the call center to get a few names in case any other person receives a similar phone call. I saw a similar post before but thought I would pass along some vital information. I was first called by the following number : +000000000 (unknown) About a second later it disconnects and goes straight to voicemail with this following number : (956) 613-2061 I was asked to call the following number back : (855) 788-2188 Names I encountered:
DO NOT GIVE THESE INDIVIDUALS ANY INFORMATION. Here is the Recording with sound for those who want to double check. Text: "it's Chelsea with student help assistance my phone number is 855-788-2188 and it actually just doing a follow-up call with you regarding your public student loans I do see here we still have you pre-qualified for the student loan forgiveness program I just wanted you to keep in mind that these programs will change and the relief deferment and forbearance program is actually about to expire so I don't want your qualifications to also change along with that and I'm here all week though Monday through Friday 8:00 - 5:00" This is a pretty sophisticated scam since its utilizing most recent legislation regarding student loan payments. Next Thing to do is Report them: https://reportfraud.ftc.gov/#/ Instructions are here: https://www.ftc.gov/faq/consumer-protection/submit-consumer-complaint-ftc [link] [comments]  |
| Should I refinance my student loans? Posted: 10 Aug 2021 07:03 PM PDT Hi all, I am a recent graduate and I have taken out around 27k of federal loans and about 60k in private loans at about 8.19% fixed interest. I was wondering if it is a good idea to refinance my private loans? I am currently working and taking gap years before I apply to medical school which I will also have to borrow for. Thank you so much for you advice. [link] [comments]  |
| What's the latest on whether Nelnet and Great Lakes will continue servicing Federal student loans? Posted: 10 Aug 2021 08:16 AM PDT Back in mid-2020 their contracts were not renewed. https://www.forbes.com/sites/zackfriedman/2020/06/30/student-loans-nelnet-great-lakes/ Later they were extended through the end of 2021. It's been radio silence since I heard that and would like to know if my servicer will be changing or not. [link] [comments]  |
| Posted: 10 Aug 2021 10:02 PM PDT I have been trying to figure this out. My federal aid is covering about half of what I need this semester. My financial situation isn't great because my father lost his job recently and I have been working on our family farm to help keep the money flowing. I am not able to take any money I earn working on the farm for school. I spoke with my financial advisor and I was told to either get a parent plus loan or a private loan. He also said that I could get more money from my regular aid if the parent plus loan was denied because they would change my status to an independent student. Unfortunately, my father is in the process of refinancing his house so he can't help get the parent plus loan without jeopardizing his refinance. Also, his credit is too high which means the parent plus loan won't get denied which means I'm stuck being classified as a dependent student. The only other thing left is private loans but I have no credit whatsoever. My father is willing to co-sign for a private student loan but since he's unemployed, it hasn't been working out. Is there any private student loans for people in my situation? Is there any other way to take care of this? Any advice will be greatly appreciated! [link] [comments]  |
| Posted: 10 Aug 2021 08:06 PM PDT I'm an entering freshman and got scholarships to cover most of my tuition and room and board with 5k left. I took a federal unsubsidized loan and covered about 2.7k of that so I have 3.3k left. I have the cash right now to cover the 3.3k but I'm wondering if it is a good idea to invest this money instead and take a private loan with a 7% apr to cover the 3.3k. [link] [comments]  |
| Posted: 10 Aug 2021 12:18 PM PDT My wife attended an EDMC school a while back, but her school was not one of theirs that the government offered any relief from, despite similar tactics employed by the recruiters. She applied for the Borrower's Defense just prior to when Trump was sworn in, and her application sat for years until last summer where Devos's BoE denied thousands of applications En Masse over a week or two once they were legally forced to act on them. A lot of these people were denied just because they could, not because they actually reviewed the applications. [link] [comments]  |
| Lower interest rate vs lower monthly payment? Posted: 10 Aug 2021 06:11 PM PDT Hi, I'm trying to get a private loan from Ascent and I'm being given the option for either a lower interest rate vs lower monthly payment. I'm leaning towards a lower monthly payment even though it will be around $9k more expensive in the long run. My reasoning is that this gives me breathing room in terms of income and also paying other loans. Is this alright or is this a bad decision? [link] [comments]  |
| Posted: 10 Aug 2021 06:04 PM PDT Hi guys! So I'm a recent pharmacy school grad, currently in residency. I graduated with $110,000 in student loan debt all federal. It's dispersed over 4 separate loans with IRs ranging from 5-6.5%. About $10,000 of my loans is from interest. Im super fortunate my dad was able to give me $10,000 since he just got his inheritance and I want to put this on my loans. Technically don't have to start making payments until December (January now since Biden extended the freeze,I guess?). Im wondering if I should take that $10,000 and pay off that interest before it compounds or should I just use that money to make my monthly payments? Im not sure familiar with how interest compounds and all that so thought I'd get some opinions. Thanks! [link] [comments]  |
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| Posted: 10 Aug 2021 08:36 AM PDT |
| Tricky Situation (Explained More in Detail in Post) Posted: 10 Aug 2021 04:15 PM PDT Hello, all! I began studying at the University of Houston in the fall of 2019, but I had later dropped out after my first semester due to some tardiness with the gathering of parental tax documents necessary (and lack of understanding on how to use the IRS website to retrieve them digitally) for a loan via FASFA, which by the time payment was required, had never arrived to me. Thus, the university would not let me continue studying without paying the required owed amount in total. Unfortunately, because of this, the university will not allow me to obtain my transcript, which is required if I want to apply to another school and use FASFA again (this time with my own tax documentation, which I do have digitally alongside an understanding of the IRS website). Ironically, the academic year that proceeded the one I attended, the university offered free tuition for any student whose families earn less than a certain threshold (which I would be eligible for). I am wondering, because of such a program, could the university retroactively apply that to someone meeting the threshold or not? If not, what is the best way for a working class person who has to work to continue paying the bills and just survive to obtain their transcript and/or pay off such a hefty amount owed (nearly $5,000 for just a single semester)? I would really like to continue studying again, especially with my stronger grasp of the system in general, but I do fear these hurdles in my path. Thanks to all for any help able to be provided! [link] [comments]  |
| Scam Alert-Received This VM This Morning Posted: 10 Aug 2021 10:00 AM PDT "Hi it;s (name) my agent ID is (****) and my phone number is ***-***-**** um I was calling to let you know that your student aid has been qualified for the forgiveness program we may be able to grant you a partial or full forgiveness package but um just so you know this program has limited openings and is on a first come first serve basis so call back soon to finalize the details and again my number is ***-***-**** you can talk to me or any other reps to finalize your file thank you." FYI I do have a student loan that has been a huge cause for financial stress and when I first received this I actually believed it until I did my research on here. These people have gotten good and it's disgusting. [link] [comments]  |
| Posted: 10 Aug 2021 12:07 PM PDT I'm an international student and my country doesn't give out loans without collateral or a cosigner for undergraduate education. And I need a loan for my bachelor's degree in engineering at york University, Toronto. Can somebody suggest me something Collateral/asset: I don't have any Cosigner: I don't have parents Prodigy finance: is only for masters Mpower finance: gives out undergraduate loan only if I'm graduating in 2 years (but that's not possible with my engineering program) [link] [comments]  |
| Posted: 10 Aug 2021 03:35 PM PDT Is it normal to have to pay all of the accrued interest on a loan prior to being able to pay any principal? Running into this issue as I begin to pay loans and wasn't sure if it's common. [link] [comments]  |
| What/who determines if you qualify for federal loans or private loans? Posted: 10 Aug 2021 03:31 PM PDT My child is currently a high school senior and up until now I've always thought people only get private loans when/if they exhaust their federal aid. But, I see people with smaller loan amounts on this forum who have private loans. I have a buttload of student loans but they're all federal. So, I'm confused. Could someone please chime in and let me know how this works? I thought everyone qualified for federal loans even if they don't necessarily qualify for grants. [link] [comments]  |
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