Student Loan Forgiveness Wrong Servicer Student Loans |
- Student Loan Forgiveness Wrong Servicer
- If you paid off your federal loans NOW, then forgiveness happened in January, could you get your payment back?
- FedLoans: How to Find/Download/Request Payment History/Interest Rates?
- I graduated in May and started work this September. I have $34k in student debt. When should I begin paying down my loan balance?
- Four Year Post Graduation Student Loan Journey (still in progress)
- ITT Tech loan discharge
- 800+ credit, 42k balance, paying too much interest
- ITT Tech Student loan Discharge question.
- New Loans, Old Ones Paid Off
- Confusion about what I owe...
- Has anyone gone to uni in the UK from the US using private/federal loans to fund it? Need some help please
- TPD Discharge Question
- Changed my grad school schedule to part time
- Consolidation
- Why are my loans in forbearance instead of deferment?
- IBR Recertification Question
| Student Loan Forgiveness Wrong Servicer Posted: 16 Sep 2021 12:57 AM PDT Recently I received my email for student loan forgiveness. I noticed that when I login to my FSFA account my servicer is Nelnet. On the email I received it says the discharge will be off great lakes. I did have a Great Lakes account but switched to Nelnet to consolidate. Do I need to contact anyone or will they be able to know the details of my loan. Great Lakes shows closed 0 balance and Nelnet has my transferred loan balance. [link] [comments]  |
| Posted: 15 Sep 2021 06:37 AM PDT Not looking to start a political discussion. I know the prospect of forgiveness is bleak. I get the consensus on this board is to hold cash now and make a lump sum payment on January 31, 2022 when the 0% interest ends. That's my plan. BUT, I have also heard that due to covid you can request reimbursement for any payment made during the CARES Act. So, my question is, if I were to make a big payment on my loans now, and then by some miracle (not counting on it), there is some forgiveness around Jan 31, could I get a refund on my payment? I have about $10k left to pay which is coincidentally the proposed forgiveness amount. [link] [comments]  |
| FedLoans: How to Find/Download/Request Payment History/Interest Rates? Posted: 15 Sep 2021 01:04 PM PDT Since I had oral surgery it hurts to talk, and I gather you can't get anyone on the phone actually at FedLoans. I sent them a secured email back on September 2nd, and haven't heard anything yet. All I want is my entire payment history (or at least showing what I'm paid up to) and my original interest rates/agreements whatever. I would rather have physical copies mailed, but I'll take digital at this point. Is there somewhere I'm missing that I can the information to download? I'd rather not have to take tons of screenshots of the information if I can even find it. I want to get it before they trade me off to whomever. I want to make sure I have it just in case the new company tries something shady. I did the same thing when Wells Fargo transferred to FirstMark. Thanks in advance! [link] [comments]  |
| Posted: 15 Sep 2021 11:10 AM PDT |
| Four Year Post Graduation Student Loan Journey (still in progress) Posted: 16 Sep 2021 12:57 AM PDT Due to some really unfortunate circumstances that I don't want to get into, it took me 7 years to get a 4 year degree. In this time, I had accumulated about $80k worth of student loans. I did get a degree in Computer Science from a state university in 2017, but found it difficult to get a job as a Software Engineer right away. So, I took a risk at a local fortune 500 working in tech support with hopes of finding more meaningful employment at that company. In September 2019, after working in tech support for two years at that company, I got my first offer as a Software Developer which has changed my life. I am starting to see a light at the end of the tunnel with my student debt and just wanted to share a brief overview of my journey, in hopes that it might encourage others and / or keep giving me encouragement in the future if I ever look back on this in worse spirits than I'm in right now. Here's a little timeline on my student loans: 2017: May: Graduate from college with $80k student debt and about $2k to my name, borrowing an extra vehicle from a parent. June - Sept: Struggle to find meaningful employment in my field of study. Had a handful of interviews but no offers. Sept: Take a risk and start work as a contractor at a local fortune 500 on their help desk. Nov: Put the federal loans (~$50k) in my name on forbearance ($500 / month to $0 / month). Monthly student loan burden: ~$400 / month ($250 parent plus loan + $150 private student loans), making $20 / hr. 2018: Jan: Get hired as a FTE at the fortune 500 at $22 / hr with great benefits and lots of opportunity for OT. Jan: Purchase my own vehicle for $10k. ($6.5k loan, $5k down) Nov: Federal loans in my name resume. I extend repayment from 10 years to 25 years to reduce monthly payment from $500 / month to $250 / month or so. At least interest won't be accumulating anymore. Monthly student loan burden: ~$650 / month, making $22 / hr. 2019: Jan: Raise to $22.53 / hr with tons of opportunity for OT, which is how I am able to pay off some debt and save some extra money. Mar: Pay off $5k worth of private student loans, reducing monthly payment by $100. May: Apply for developer job at company. No offer. July: Move to apartment with my girlfriend. Half of rent here is cheaper than where I was living. Sept: Apply for another developer job at company. Accepted @ $58k / year. I believe I was able to save my first $10k this year, which dipped a little after moving. Monthly student loan burden: ~$550 / month, making $58k / year. 2020: Jan: Raise to $60k / year. Mar: Pandemic hits. Student loans paused. Get savings back up to at least $10k, though I think it got up to $12.5k early in the year. Stop saving money for a while. I felt $12.5k was enough. Monthly student loan burden: $75 / month, making $60k / year. 2021: Jan: Raise to $61.5k Pandemic still raging. May: Pay off remaining car loan ($150 / month) August: Pay off remaining private student loans ($75 / month) Sept: Savings up to $14k *** Plan for rest of 2021 and early 2022 *** Savings up to $17k by year end, saving $1k / month for five months. Monthly student loan burden: $0 / month, making $61.5k / year 2022: Jan: Raise to $63 or 64k / year Feb: Pay off remaining $17k parent plus loan in lump sum, with hopefully having at least a little money in savings. I'm okay with mostly starting over again on my savings though. Mar-May: Put my tax return in a savings account and use that to pay my ~$250 monthly student loan payment when payments do resume. I claim zero allowances, so always get about $2500 back each year, or have historically. I realize I could adjust my allowances, but it feels better to me getting that lump sum and putting it in an account to basically ignore the rest of my student loans. ---------- In summary, from 2018 to 2022, I will have: - Reduced my monthly student loan payment from $900 / month to ~$250 / month - Increased my income from $45,760 / year to $63,000 or $64,000 / year, depending on raise in 2022 - Reduced my student loan balance from $80,500 to $49,000 ---------- I'm feeling happy and hopeful for my future. I thought my life was over before it even began in late 2017 and now I am feeling like I can actually start it. $49,000 is still an enormous amount of money to repay, but there's definitely a light at the end of the tunnel! [link] [comments]  |
| Posted: 15 Sep 2021 10:15 AM PDT How long did it take for everyone to see their balances update after receiving an email stating their loans had been forgiven? [link] [comments]  |
| 800+ credit, 42k balance, paying too much interest Posted: 15 Sep 2021 10:25 PM PDT I don't want to have to submit all of my information to a bunch of lenders to try and see what who can give me the best offer. Who has recent experience refinancing? I'm looking for a 15 year loan most likely. I'm happy to have my perfect credit run, but I want it to be by the right lender. I hate that nerd wallet and services like that really just send you to site that ultimately just ask me to "sign up for an account to find your best rate!" Next thing I know my info is on 12 different websites and I'm exposed a bit more than is really needed. The rates I'll be offered will all be close enough that I would rather just work with the right company than the one that just offers .15% less, ya know? [link] [comments]  |
| ITT Tech Student loan Discharge question. Posted: 15 Sep 2021 01:35 PM PDT I know that this has been floating around for the last week but I have a question. Today, I called Navient to make sure that the email I received last week stating "Some or all of you federal student loans will be discharged.." was legit and it appears that it is. However they told me that they have to be notified by FAFSA on the amount to be discharged so the whole process could take up to 90 days. They did give me the borrowers defense phone number to check and see if that was related to my discharge. They told me that my BD is still in review so this appears to be separate. It seems that there are different emails received relating to ITT. Some of us got the one from the US Department of Education That mentioned above and others got an email with their borrowers defense claim number in it with discharge approval. My question for you guys is does anyone know if this is basically the same thing? My borrowers defense claim was submitted back in June 2019 and it's been in review all this year. Do you think that these will be approved now because of this? I'm just unclear as to why I haven't received the same "approval" email. They both come from the same place lol Edit: attached is a link to the screenshot of the email I received. Is this what others got? [link] [comments]  |
| Posted: 15 Sep 2021 10:12 AM PDT My wife went to college for a different career field years ago. Due to health issues she's no longer able to work in that field doing what she loves. Those student loans have been paid off. Now, she's working in a new career field and wants to go back to college. Her work will help pay for some of the schooling, but we would need to finance some of it. Can she just apply to FAFSA and get new loans, even though she once used that program for old loans? Are there limits if she used the previous maximum amount once? etc. [link] [comments]  |
| Posted: 15 Sep 2021 09:19 AM PDT I received the first half of my student loans about a month ago, and from my understanding they all went directly to my bank account. No biggie, I stored the funds in my savings account until I went to pay off my tuition. When I went to pay my tuition one day it said I owed $0. Now that can't be right, I haven't used my loans to pay it off yet! I'm stressing about this. I scheduled a meeting with my advisor to talk about it, but is there anything I should know before talking to her? Like questions to ask, or any general advice? This is my first time dealing with loans, I was very fortunate with my ability to pay off tuition my last few semesters, so I basically have no idea what I'm doing and I don't want to use the funds in my savings account for other school related expenses until I know for sure it's okay to do so. [link] [comments]  |
| Posted: 15 Sep 2021 01:27 PM PDT My friend from the US has been accepted at a uni here to start as an undergrad. He's running into some issues with the uni messing him about with his loans (both private and federal). Originally his university said they'd give him an advance on the loan to pay the visa fees that should be included in his cost of attendance (he can't afford this upfront without the loan), and now they're saying they never said that, he has no proof they agreed to it, and that they decided they won't be giving him an advance on the loan. The uni has already delayed his application and processing his loans so much that it's very unlikely he'll be able to apply for his visa and make it here by his start date, so he's going to have to start the semester online. They've also reduced the amount of his loan (originally just enough to cover the 3 years tuition), and now it barely covers 2 years in dollars, so we're not sure if that's a mistake in currency or why they've done this, and how to get it fixed as their finance department is barely replying to him. He's not sure what to do because he can't afford the visa upfront and the first loan date is in October, and the loan is barely enough to cover his tuition anyway and they won't respond about changing the amount. Has anyone been in this situation or have any advice at all? [link] [comments]  |
| Posted: 15 Sep 2021 01:25 PM PDT I recently applied for a TPD discharge with a physician's certification. My application has been "pending final approval" for awhile now. Does anyone know how long it usually takes to get a final approval? Also, any idea how often these applications are denied? Not sure if I should get my hopes up about "pending final approval." Thanks! [link] [comments]  |
| Changed my grad school schedule to part time Posted: 15 Sep 2021 09:23 AM PDT So, I recently started school and was going to do full time but decided to change my school schedule to part time because of mental health issues that I want to address before possibly going back to full time. Or I may just finish up as part time, depending on how I feel and if I improve. I have unsubsidized federal school loans for my graduate degree. If I do part time, it should take me a little over three years to graduate. How will my student loans change with regard to interest? Will it cost me more money in the end to be a part time student? Also side note, I don't have a job right now. But if I need to pay off interest, my husband can help me with that. Also another question, when should I start paying the interest off? [link] [comments]  |
| Posted: 15 Sep 2021 12:24 PM PDT I had a letter from FSA about consolidating and forgiveness. The man on the phone told me to try going through Sofi to consolidate both my federal and private loans which come out to about $15,000 federal and $18,000 private. Is consolidating the best choice in most situations or am I better off leaving them as they are? Any help is appreciated. Thank you! [link] [comments]  |
| Why are my loans in forbearance instead of deferment? Posted: 15 Sep 2021 06:40 AM PDT My federal direct loans went into forbearance in March of 2020 (like everyone else's). When I started graduate school last month, I applied for an in-school deferment. As of today, it still says forbearance instead of deferment. Does anyone know if this is normal? Or do I need to reapply for in-school deferment when the forbearance expires in January? [link] [comments]  |
| Posted: 15 Sep 2021 06:52 AM PDT My current plan would normally have a recertification date of January 15. Does anyone have any guesses on when I should expect my next recertification? I could see it being Feb. But also the following January. Or even roughly October given I was a few months in when the freeze occured. [link] [comments]  |
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