Dude buys an annual dining pass at Six Flags and eats almost all meals there to pay off student loans. Student Loans |
- Dude buys an annual dining pass at Six Flags and eats almost all meals there to pay off student loans.
- I wanted to scream this from the mountain
- AOC thinks the BBB getting slashed makes it more likely Biden will cancel student loan debt
- Student Loan Rehabilitated
- Paying off the final amount of uk student loan via direct debit (or not…)
- Refinance now, or wait until close to when my payments start in March?
- 230k debt and 50k savings; planning to refinance. What is better for refinancing? Having the 50k in savings or reducing the loan amount by that much?
- Is taking student loans out for CC worth it?
- Payment plans?
- How to Cancel a Student Loan Before Disbursed?
- Income driven
- Help deciding what repayment plan to choose?
- Perkins advice
- To toss a big lump sum or not?
- People when have six figure loans with average/below average incomes: would you have done anything differently about your decisions?
- Benefit to paying SL’s in 2020?
- Cash-out refi opportunity- too good to be true?
- Anyone know how long u have to wait for your money to change? Just submitted the evidence
- Working abroad, FEIE tax form, and pausing payments?
- Allied Interstate issues
- I cant ever pay back my student loans but I cant get on disability. Is there any option for a discharge for me?
- How to find a cosigner?
- Should I take out a personal loan to pay off my student loans? And can I even get one with bad credit?
- In The Home Stretch!!!
- Federal Loan Consolidation
| Posted: 28 Oct 2021 10:13 AM PDT He spent on average $0.50 per meal, eating more than 2,000 of them over a period of years to save on groceries and dining out. "You can pay around $150 for unlimited, year-round access to Six Flags, which includes parking and two meals a day," Dylan, 33, explained to Mel Magazine Monday. "If you time it right, you could eat both lunch and dinner there every day." Man spent $150 eating every meal at Six Flags since 2014 to pay off student debt [link] [comments]  |
| I wanted to scream this from the mountain Posted: 28 Oct 2021 05:57 AM PDT I paid off our family's 400k student loans in 7 years. That's all. Have a great day!! [link] [comments]  |
| AOC thinks the BBB getting slashed makes it more likely Biden will cancel student loan debt Posted: 28 Oct 2021 09:09 PM PDT Posted on her IG story, but this sub doesn't allow me to post pictures. "I think given how much the BBB has been slashed there is more opportunity than ever to bring the heat on Biden to cancel student loans. He doesn't need Manchin's permission for that and now that his agenda is thinly sliced he needs to step up his executive action game and show his commitment to deliver for the people. We need to get this done." [link] [comments]  |
| Posted: 29 Oct 2021 02:06 AM PDT About 9 months ago, I contacted myeddebt.gov about my defaulted student loan in attempt to rehabilitate my loans. I was able to set up an agreement to make 9 consecutive payments which would then take my student loans out of default. I only made 1 of those payments last month since student loan borrowers are not mandated to make any payments until next year. Today, I received a letter from myeddebt.gov stating that my loan was successfully rehabilitated and that the loan will be assigned to Nelnet. I also checked myeddebt.gov and it shows that I have $0 balance. Is this a glitch? If anyone has experienced this or am aware of what's going on, I would love your response. [link] [comments]  |
| Paying off the final amount of uk student loan via direct debit (or not…) Posted: 29 Oct 2021 01:53 AM PDT Very fortunate to be in a position where I have £594 left to pay on my SL 🎉 On the first of the month (01 nov) SLC will take £345 away from me via DD, I have cancelled the PAYE. This will leave me with £245 and some change to pay 1st December. Now I know I'm being petty and down right cheap, but…… what happens if I cancel that direct debit. Do you think the gov will set up a PAYE for the £245 or will they just leave me alone? Not sure if they have a write off amount I could potentially take advantage of ;) [link] [comments]  |
| Refinance now, or wait until close to when my payments start in March? Posted: 28 Oct 2021 09:02 PM PDT I recently started the process of applying to refinance about $40,000 (at about 6.5% interest) in student loan debt. I have a new job that's paying well after about four years in grad school. A few times in there, I missed credit card payments, and my credit score dipped a bit. It's currently 702. I started applying to consolidate with the company that did my undergrad loans (which are all paid off), and was told that my credit score is too low. It suggested having a co-signer, which my wife is willing to do, but... She recently put in notice at her job, and her last day is later in November. So should I try to refinance now, while she's still employed and probably looks better as a co-signer, or should I spend the next few months continuing to pay down my credit card debt in the hopes that will raise my credit score enough to refinance without her? I currently owe about $4,000 on a credit card, and I'm paying off $400 a month, so I'll be down to the upper $2,000s by January. Thoughts? Advice? [link] [comments]  |
| Posted: 29 Oct 2021 12:36 AM PDT |
| Is taking student loans out for CC worth it? Posted: 28 Oct 2021 06:05 PM PDT The in state tuition for my CC (Philadelphia) is around $9k. I'm going to lose my financial aid next semester due to failing my SAP conditions and was wondering if it's even worth it. I told my parents this and they half jokingly said that if I'm going to take out loans, I may as well take them out for a 4 year college (the average tuition at Temple, I guess the most common one, is $35k). That's likely not to happen since my GPA is a low 2 after 2+ years of being enrolled, but those comments made me really wonder if going to a low quality community college is worth taking out $9k in student loans for. I still don't even know what I want to major in. Edit: My poor performance is at least partially due to my severe depression and me only seeking treatment this Summer. The right medication & dose hasn't been found yet. [link] [comments]  |
| Posted: 28 Oct 2021 07:28 PM PDT I completed my undergrad and graduate degree back to back and graduated this past year so I haven't had to make any payments yet. I work for a county government health department, own my own home, and my wife and I are expecting our first baby in a few months. During forbearance I paid down all the owed interest but otherwise just saved my money. I have about $50k in federal loans. I have no idea what payment plan to go after. I want to qualify for PSLF but I'm worried about high payments. I'm totally clueless as to what to pursue. We just got married so not sure if it's better to file jointly or separate. Any advice on what plan to choose? [link] [comments]  |
| How to Cancel a Student Loan Before Disbursed? Posted: 28 Oct 2021 10:23 PM PDT Prior to taking out a student loan, you might wonder whether it is possible to cancel the loan before it is disbursed. It is possible for you to cancel all or part of your loan by notifying the school or educational institution in a detailed manner at any time. Afterwards, you will need to follow the instructions outlined in the promissory note and you will receive additional information from your school or educational institution. This blog will help you understand how to cancel a student loan. Table of Contents Cancelling student loans before disbursementAny time before your loan money is disbursed, you can cancel all or part of your loan by notifying your school. For more information about cancelling your financial aid, you should contact your school's financial aid office [link] [comments]  |
| Posted: 28 Oct 2021 09:53 PM PDT If I have to submit an alternative document for income driven repayment ( instead of using a tax return ) can I upload it electronically when I file the app or do I have to mail it the document in with a paper app ? [link] [comments]  |
| Help deciding what repayment plan to choose? Posted: 28 Oct 2021 08:35 PM PDT Have about $78k in unsubsidized federal loans, combined from undergrad and grad school (I have my master's). I'm making roughly $65k/year (before taxes) in a stable job and finished grad school within the past couple years, with potential to gradually earn more as I gain more experience. I live in an expensive major metropolitan area in my own apartment, and the only other debt I currently have is my car - roughly $400 monthly payments and insurance is about $700 twice per year. Any recommendations for what plan to go with? I glanced over some of the options, and I feel like standard repayment may be too high for me. [link] [comments]  |
| Posted: 28 Oct 2021 03:36 PM PDT Guess lots of people are getting Perkins letters lately. Read other posts on Perkins loans in this thread but can't find exactly what I need. I have a Perkins loan that I have never paid on (payments should have started 3 years ago). I honestly didn't know I had this loan until it went into default (letters going to other address and just assumed it was with my other loans - my mistake). However, no late/missed payments or default status show up for me for any of the 3 credit bureaus for this loan. I check often. This loan is not even reported to any of them. I received a letter that the school will be sending my loan to DoE in 90 days. I have money to pay the full principal and interest. If I pay the school in full, will this trigger a negative report on my credit score? How do I know if they will decide to report after payment? I am weighing my option between paying it in full and rehabilitation (I would assume it will hit my score if I do rehabilitation). Can I ask for the school to specifically not report this or just report as paid in full since it has never been reported to the bureaus (and a letter stating these terms so they don't screw me over)? I would like least impact to my credit score. I have researched so much on this topic and cannot find the information I need. I am assuming my school just chose not to report? I don't know [link] [comments]  |
| To toss a big lump sum or not? Posted: 28 Oct 2021 07:04 PM PDT I've been taking advantage of the freeze like most everyone else. I believe I'm over-saving and thinking about throwing a pretty big lump sum. The current balance is 60k, it was 200k when I graduated 7 years ago. I have almost 50k saved (this started as an emergency fund, I know prob too much) and still adding to it. Other accounts (some investments) totaling approx 45k. Contributing to my 401k above company match. No mortgage or major bills just a car note. I'm a healthcare worker making a pretty decent salary 6-figure salary. Would love to be debt free in 2022, but nervous about tossing so much to it because of the "what-if's." Anyone else in a similar situation? Any advice or tips would be greatly appreciated. [link] [comments]  |
| Posted: 28 Oct 2021 10:06 AM PDT |
| Benefit to paying SL’s in 2020? Posted: 28 Oct 2021 08:20 AM PDT Because the deferment ends at the end of January 2022, it's possible that I will not have made a single payment in the entirety of 2021. I'm wondering now, for tax reasons, if I should go ahead and make a lump sum payment in December so that I can get a little help on my taxes for 2021. Thoughts? Edit. Forgot what year it is. Meant 2021 not 2020. [link] [comments]  |
| Cash-out refi opportunity- too good to be true? Posted: 28 Oct 2021 04:31 PM PDT Long story short, the value of my home has gone up significantly and my Mortage officer suggested looking into a cash our refi for our Mortage. This would allow me to put about $150k towards a $230k federal student loan. My Mortage would only go up about $400 and my loan payment would be about $700/month (according to the Great Lakes rep I spoke to earlier today) as opposed to the $2000 a month payment…of which only $400 goes to the principal. Has anyone else heard of this? Almost seemed too good to be true. Pros and cons and potential pitfalls would be appreciated! [link] [comments]  |
| Anyone know how long u have to wait for your money to change? Just submitted the evidence Posted: 28 Oct 2021 02:44 PM PDT This is for student finance england. I had my first payment and recently submitted household income proof and wonder how long it will take for it to be processed. It says 6 weeks max but wondering how long it took one of yous from england [link] [comments]  |
| Working abroad, FEIE tax form, and pausing payments? Posted: 28 Oct 2021 01:16 PM PDT For lack of better words, I mean "pause" as in not pay without going into default. This is a complicated situation I will try to describe as clearly as possible: I have an income-based repayment plan, originally serviced through Navient before I changed the servicer to FedLoan. I received an email that "FedLoan Servicing has announced that it will stop servicing federal student loans" and I will have "a new servicer." I have no idea who that will be. My loans are deferred via the pandemic until Jan 31 2022. Now, I currently live and work in France, moved here in January so I will be good on the 333-day requirement to fill out the FEIE section of my taxes to set my AGI to 0%, in the eyes of the US tax system. If I understand what I've read correctly, the income-based plan allows me to use the 0% AGI on my income taxes to essentially make no payments without defaulting, even though I will still build interest. I want to do this because I am stretched very thin here, I make the minimum required for my visa, and as university is basically free here, there's no talk of student loan payments being an expense that may consider the salary. In two years, I anticipate to make enough more money via raises to continue payments as usual. The other problem is the income-based plan is based on the value in US currency. I make about €36000, which in terms of cost of living here, would be about $36000. But in actual value in the US economy, the USD is 86 cents to the euro, so on paper, for an income-based plan, it looks like I'm making 14% more than I actually am, so my income-based payments would essentially be based off a $42000 salary; basically cost of living here and international economics is a moot factor in their eyes. There is no way to explain this to reduce my payments to my loan servicers, they dont have like a system for these situations. I believe tax season here is in May, I think my most recent paycheck should suffice for the FEIE form to for my US taxes as soon as possible in February. My ultimate question is, if I understand everything accurately, will this allow me to make no payments without defaulting, for the time being, and if so, what do I need to do to accomplish this smoothly? [link] [comments]  |
| Posted: 28 Oct 2021 12:24 PM PDT My husband's federal loans defaulted in 2012. The Dept. of Ed. sent them to Allied Interstate. Peicing together what little paperwork there is, it appears that he began making monthly autopayments in mid 2012 or Jan. of 2013. every month, until 2014. We have documentation for at least 18 months of payments. He believed the payments were to rehab. his fed. loans. In 2014, he discovered that his loans were still in default. He contacted the Dept. of Ed. to ask why, since the check stubs had the payee listed as the Allied Interstate/Dept. of Ed. and his Dept. of Ed. account number was referenced as to where the $$ should be applied. They told him he had to rehab. the loan. Again, he thought that the 18+ payments to Allied Interstate were supposed to have more than taken care of that. Confused, he entered into an agreement, with the Dept. of Ed. directly (which we have a copy of), to rehab. the loan. The kicker is, the payments to rehab were made through Allied Interstate, who just increased the monthly auto withdrawn amount by $28 to cover the agreed repayment amount with the DOE. Cut to now, and none of the 18+ payments he made are going to count for PSLF. I'm curious if anyone else has had a similar issued with Allied Interstate. We don't dispute that he was in default at one point, but we are disputing the way in which Allied and the DOE handled some of this. Thanks everyone [link] [comments]  |
| Posted: 28 Oct 2021 01:22 AM PDT In the past I was turned down for disability because I had to work because otherwise Id have been homeless. Im a 33 year old male. I have been diagnosed with autism, borderline personality, ADHD and bi polar disorder. Yesterday I received the results of academic testing (aka "the math dyscalculia test" from a doctor. Here is a copy and paste from part of that file... My situation is I made the mistake of taking out loans to go to college. I went to Arizona State University not one of those IIT tech type schools that keeps going out of business. It seems the Biden admin only offers student loan forgiveness for students who's college has shut down. Also I discovered that student loan debt is the only type of debt that is not bankruptable. I currently live paycheck to paycheck with no savings in a roach infested studio apartment and work a very low wage retail job and cant afford a car. I barely scrape by. I owe $48k in student loan debt to this company called "Great Lakes". I could not complete my english degree because I could not pass math (failed like 7 or 8 math courses). I also had difficulty learning the second language requirement. I just wanted a degree of some kind because I was told its impossible to be successful in life without college and because I liked writing even though I struggled with reading and obviously the math. So my situation is bad because I will never be able to pay back that money and because I cant pay it back it will only grow with interest making it more and more out of reach. Could I qualify for a discharge for disability even if I am not deemed eligible for SSDI? I technically have a "permanent disability". Its never going away and its ruined my life. If I could have my student loans wiped out I would at least be in a position to begin to be able to save a few bucks for a car and get off the bus and away from second hand fentanyl. If there is anything I could do to get a discharge or even relief I am willing to do it. [link] [comments]  |
| Posted: 28 Oct 2021 07:04 AM PDT In short I am an international student pursuing a master's degree in Europe (Spain). Private unis in Spain are pricey even more than US schools, I managed however to save the deposit + living expenses but couldn't deal with the remaining tuition fees. Student loans are basically nonexistent in my home country (Egypt) banks are nothing but cash cows here and the conversion rate is too damn high (20 pounds for 1 euro) it'll take sometime to save the remaining fees. I can apply for a loan through the financial aid department but not too easy I need to provide either a cosigner that is a resident in Spain or a bank guarantee. I spent the past couple of months wandering off looking for bank guarantee but the constant outcome was failure. Banks only provide this type of instrument to businesses. I am forced to sit down and watch as my dreams getting crushed, someone please help me. How can I find a cosigner? I AM NOT ASKING FOR SOMEONE TO COSIGN ME, I HAVE ZERO DEBT OUSTANDING, but maybe there's some website or a firm specialized in providing this service, any ideas? I have excellent income but it's useless as long as banks do not have authority to hold it. In addition I can purchase an insurance policy for payment risk from international insurance company (e.g. allianz). Not only in Spain but also in the US, Switzerland, UK and beyond, many lenders can accept my application, should I provide a cosigner who is a resident of the lender's domicile country. PS Prodigy Finance turned down my application because I have zero credit history, I didn't even need a credit card or a loan before and thought I'm on the safe side for staying away from credit. 🥲🥲 Please help me out and thank you guys! [link] [comments]  |
| Posted: 27 Oct 2021 05:49 PM PDT I saw a Pennyhoarder article about this website that matches you with lower-interest personal loans so that people can pay off their high interest loans and credit cards (or student loans). Has anyone done this? Would you recommend it? Is it a scam? Can I even get a loan like that with bad credit? [link] [comments]  |
| Posted: 27 Oct 2021 08:24 AM PDT I just transferred the last $1000 and will be paying off my student loans completely by the beginning of next week!!!! I have to wait a couple of extra days because I have an account set up at a different bank just for this so they don't have access to my regular account (I am paranoid and don't trust them lol) so it takes a couple of days for the transfer but once it does I am DONE! I was blessed with the ITT Closed School Discharge which knocked out $36k of my $39k out in late September. I filed for Borrower's Defense on the remaining $3k (University of Phoenix) but decided to throw everything I could at them in the meantime with the goal of getting them done before the forbearance ends. If my case is approved and I get money back, great. If not, then I will accept my $36k blessing, let them keep the $3k and call it even. Anyway, I threw every extra cent at it. I did the mind-numbing penny work on Mturk. As soon as my regular job was done, I logged in and worked on it as much as I could. I stayed up till 1-2am almost every day from the end of September until last night doing the mind-numbing tasks so I could chip away at them. It sucked but watching the balance go down, even a little at at time, helped with the motivation. Today we got the small bonus I had been hoping for from my regular job and so I started the transfer to have the last $1000 moved over so I can get them paid and be DONE! As a single mom with a deadbeat for an ex-husband, it was not easy. I legit have zero outside help from anyone. I have to constantly, carefully balance my bills and making sure I am not screwed in an emergency. I debated clearing my emergency fund to be done with them when I found out about the ITT Tech discharge but decided against it since if there had been an emergency, I would have been beyond screwed. I just kept at it and somehow managed to get the whole $3k paid off in just over a month! This is all amazing and life changing and just absolutely mind-blowing for me. I honestly thought I was going to be stuck with thousands of dollars of student loan debt followed by the huge tax bomb that would come after the IDR ran it's course. Once these are officially gone, I am 100% debt free, except my car. This is life changing for me! This will make my debt to income ratio basically non-existent and will finally allow me to purchase a house once the market (hopefully) corrects itself. [link] [comments]  |
| Posted: 27 Oct 2021 11:33 PM PDT I was considering consolidating all of my federal student loans into one Federal loan. I am not sure how this will affect my ability to utilize forbearance in the future should I need it. I was also wondering if I would then become ineligible for student loan forgiveness should it happen. I have two large loans with Great lakes and would probably do the consolidation through them. Plus, if there were other considerations I am not seemingly aware of, please speak up. [link] [comments]  |
| You are subscribed to email updates from /r/StudentLoans: Reddit's hub for advice, articles, and discussion about educational loans. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment