Finally some news on Nelnet and Great Lakes Student Loans |
- Finally some news on Nelnet and Great Lakes
- Is anyone else experiencing this issue with studentaid. gov???
- What percentage of your loans have you managed to pay off with the covid forbearance?
- I just want to buy a house already. I need the best strategy for dealing with this mess.
- parent plus loan
- How to best tackle and take advantage of repayment plans/rates
- Student Aid Site Issues?
- Question About Linking IRS to StudentLoans dot Gov?
- Perkins loan in collections with no prior communication from servicer-- NEED HELP
- Experience with Edfinancial? (transferring soon from GSMR)
- Student Loan Repayment
| Finally some news on Nelnet and Great Lakes Posted: 01 Oct 2021 05:18 AM PDT Original post: https://www.reddit.com/r/StudentLoans/comments/p1r8qb/whats_the_latest_on_whether_nelnet_and_great/ The last paragraph of this article dated 28 September 2021: "Meanwhile, Education Department officials last week extended for another two years the contracts of two other companies that collect federal student loans, Nelnet and its subsidiary, Great Lakes. The contract extensions include new requirements that the companies follow state consumer protection laws and more extensively report data to the Education Department." [link] [comments]  |
| Is anyone else experiencing this issue with studentaid. gov??? Posted: 01 Oct 2021 04:59 PM PDT When i login and go into my aid to view my loans, it says, "it appears we don't have information about you in our records." [link] [comments]  |
| What percentage of your loans have you managed to pay off with the covid forbearance? Posted: 01 Oct 2021 06:48 AM PDT |
| I just want to buy a house already. I need the best strategy for dealing with this mess. Posted: 01 Oct 2021 02:56 PM PDT I taught for 9 years, but have been in real estate since Fall 2017. I was on an IBR plan and my loans kept going up. They're now over $180k. They've been in repayment since 2008 (I think). I changed careers because it looked like student loan forgiveness would never happen and as a teacher I'd never be able to get ahead enough to pay off my loans. I have consolidated FFEL loans. Currently it looks like I'd need to consolidate back into a federal direct loan, make 10 years of payments, and teach 1 more year to be eligible for forgiveness. That just doesn't seem like that would be the best approach. What should my strategy be for dealing with this mess? The article below makes me think something may actually happen soon. "Exclusive: Public Service Loan Forgiveness to get Education Department overhaul : NPR" https://www.npr.org/2021/10/01/1041872045/education-dept-plans-to-overhaul-the-troubled-public-service-loan-forgiveness-pr [link] [comments]  |
| Posted: 01 Oct 2021 11:20 PM PDT my brother and i have recently graduated from college, but i have a little sister who is still in school. my mom took out a parent plus loan for all 3 of us. i was wondering if my mom has to start repaying her student plus loan after the 6 month grace period after me and my brother graduated, or is it until my little sister also graduates? i'm unsure because no where on her loan provider's website says when she has to start payments. can anyone help me with this? [link] [comments]  |
| How to best tackle and take advantage of repayment plans/rates Posted: 01 Oct 2021 01:57 PM PDT I just graduated, so I'll need to start paying off loans. I have 26k in loans all direct federal sub/unsub. I'm also living from home and not car payment, so I have little in necessary expenses. I was curious to know what the best strategy is to paying off. I plan to max out my IRA and my employers 401k match plus some. This leaves me with some leftover cash. Since the rates on these federal loans range from 2-5.5% would it be best to simply use the standard payment plan over 10 years to take advantage of the fed int tax deduction while my AGI is within limits then use excess cash to put more into the 401k (on top of the match) plus into other investments (index funds whatever) to make more interest than I'm paying. OR do I try to knock out somewhere between 10 and 15k as 0% rates expire then set up either a REPAYE or std plan (10 year I believe it is) for the remaining balance 10k balance, but less excess cash for non-retirement plan investing. [link] [comments]  |
| Posted: 01 Oct 2021 12:47 PM PDT Is anyone else having issues with the site? It was down yesterday for scheduled maintenance but today it's super laggy and if I actually get in, I cannot access my aid dashboard, it just spins and does nothing. Edit: Once in every 10-15 tries I get a page that tells me they have no loan data on me at all (I wish! it would get me out of the last 3k if they magically lose them all LOL). But I cannot get anything else to load. [link] [comments]  |
| Question About Linking IRS to StudentLoans dot Gov? Posted: 01 Oct 2021 03:04 PM PDT I applied one week ago and linked my 2019 tax return on studentaide . gov. Navient received the app and said it can take a few weeks. But they couldn't tell me if my 2019 return was uploaded from StudentAid . gov. (it wasnt' visible to the rep) I am pretty sure it linked ok. I still haven't filed my 2020 return (i'm on extension) and I would rather the payments are based on 2019 because in 2020 my AGI will be higher due to some extra income from my spouse. Should I just upload the most recent (2019) return? I want to lock in the payments to start in Feb. My 2021 return should more in line but that wont get filed until next April [link] [comments]  |
| Perkins loan in collections with no prior communication from servicer-- NEED HELP Posted: 01 Oct 2021 02:23 PM PDT I need advice on a loan situation. I took out a Perkins loan many years ago (2005?). I was recently informed by my mother that a collections agency sent me a letter at her address. I have been making consistent payments on my other federal loans, serviced by Nelnet and Navient, which were both listed in my FSA account when I went into repayment. The Perkins loan did not appear in my FSA account or credit report, and I lost track of it. The loan was, I have learned, serviced by my undergrad institution. I never received any communication from them about repayment or default, and my parents report that my institution never made any attempt to contact me at their address (which I listed as my permanent address while I was in undergrad) either. What is the responsibility of the servicer to communicate with the borrower? How should I proceed now that the debt is in default and collections? As reported by the collection agency, it has accrued considerable interest and collections costs at this point, and I cannot pay the full amount up front. [link] [comments]  |
| Experience with Edfinancial? (transferring soon from GSMR) Posted: 01 Oct 2021 10:21 AM PDT I had GSMR for my undergrad loans (all paid off) and now for a new batch of grad loans (working on paying as much as possible during forbearance). Truly never had a bad experience with GSMR as a servicer so I'm a bit worried about starting up with Edfinancial in the not too distant future. Any problems/issues others have had with them as a federal loan servicer? Good experiences, bad experiences? I'm hoping to have a good chunk of my loans paid off before January when they start up again so I'm not horribly worried about expense, mostly just worried about the unknowns of their system and service support... Thanks all and hope everyone is doing well with whatever loan amount they're current carrying. [link] [comments]  |
| Posted: 01 Oct 2021 07:48 AM PDT I have fed loans from undergrad, but I'm in grad school now. I got an email that repayment starts in January. But I am in school still? Do I have to call the loan servicer to let them know? I borrowed loans for grad school as well so shouldn't they already know? [link] [comments]  |
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