Relationship woes with bf with high student loan debt Student Loans |
- Relationship woes with bf with high student loan debt
- Private Student Loan Help
- REPAYE vs PAYE for newly married couple
- Rant/Seeking Advice
- How Unethical Would It Be To Submit An Older Paystub To Help Boost Odds Of Lower Monthly?
- Navient
- First year student loan
- In my first semester of community college...when should I start paying the interest on my loans?
- Getting student loan default off your credit report Q
- Letter Showing Recertification of IBR Delayed for FedLoan?
- Federal loans
- How do immigrants pursue MBA?
- REPAYE Question
- How my student loans ruined my relationship with my father.
| Relationship woes with bf with high student loan debt Posted: 31 Oct 2021 04:25 PM PDT Hi everyone - I don't post on Reddit much but here I am trying to find an avenue to gain some insight. I have been dating a very sweet guy for 2 years now. I am 33 and he is 37. We both have jobs making around $150k and both own (small) homes with mortgages and not much paid toward principal. Seems pretty good, I would say. Now, we both don't have much at all saved for retirement and don't have family money. Anddd he has about $200k in principal on student loans from undergrad/law school even though he's been working for over 10 years now. I am finding this a hard pill for me to swallow. If this was the debt at 25-28 years old, I would say, ok, live frugal in a cheap place for some years and pay it off. Now we are at an age where I would hope to be figuring out how we could pay for childcare and a home to accommodate a growing family, not paying off a huge loan debt. This isn't an easy question to take to friends with advice for, so I figured I would ask the Reddit community thoughts on if my concern is valid for moving forward with marriage in a situation like this. [link] [comments]  |
| Posted: 31 Oct 2021 01:51 PM PDT Hi Reddit, Currently I have about $130,000 dollars in private student loan debt, just in my name. It's a classic story of parents saying they'd be able to pay them but then realized they couldn't. That part isn't all that important. My loans are serviced through Navient, and I'm currently unable to pay anything meaningful because of high interest rates (one is 11%). Navient has reduced the interest rate in the past but it seems like they're not willing to work with me on that anymore. I've contacted a credit counselor and it seems like they have found an option that will allow me to be debt free in 5 years, but it would come at a cost of $1700 a month. This is almost attainable for me but not quite. Right now I think this is my #1 option. I'm wondering if anyone has had any luck pursuing other options. Thanks in advance for any help you can provide. [link] [comments]  |
| REPAYE vs PAYE for newly married couple Posted: 31 Oct 2021 12:23 PM PDT Hi guys, I'm hoping to get some help determining if I should switch from REPAYE to PAYE for me and my wife's student loans. We were just married and we both are on the REPAYE plan. Her monthly payments are 146 bucks a month, gross income is 46k, total debt is 65k. My monthly payments are 210 bucks a month, gross income is 58k, and total debt is 75k. I know that PAYE only takes into account one persons salary if filing taxes separately, whereas REPAYE takes both salaries into account regardless. Not sure if filing taxes jointly though would be more advantageous in the long run? My primary goal is keeping the monthly payments the same, and paying more in taxes at the end of year if we need to (though we've never owed taxes, we usually get some back in a tax return). Another con of switching plans for both of us is that the existing interest would capitalize and be added to the principal of the loans. [link] [comments]  |
| Posted: 31 Oct 2021 07:15 PM PDT I have been stewing in this for about a week trying to cool down about it. I'm not the best with finances and numbers but I do alright. My credit is decent. Never missed a payment in my life. Dealing with numbers/money gives me such irrational anxiety. I get angry, frustrated and I cannot think straight. I have both private and public student loans. This post will be focusing on the private loans. I have three loans with SallieMae. After I finished school and repayments began I spoke with them and was told that there was no negotiation. I pay the amount they tell me to every month or I'm screwed. No payment options were given, no refi option. They did offer to defer but with interest so I said no. Since I couldn't do anything about it, I avoided looking at it. I saw my payments, made sure everything was paid and tried to move on with my life. My only consolation was that as long as I made the payments, it would all be paid off by 2022. Or so I thought. Every single conversation I have had with SallieMae since then has ended with me cussing them out. They refuse to work with me, offering only deferment. Which gives them more money. No. Is my account probably earmarked as my being a difficult person to deal with. Yes. Should I make more of an effort to be nice to these people that are merely employees of Evil Corp? Perhaps. Do I care to? I try to, but then.. No. I have other loans to pay. Other bills. What little savings I DO accumulate get taken away at the slightest out of routine surprise. (Last month was a broken water heater, this month was unexpected medical, etc.) I logged into SallieMae last week expecting to see a payoff date of my loans to be 2022/2023. Instead it said 2023/2024. I called SallieMae and was told that this is how it is because I "chose" a variable interest rate. I did not choose a variable interest rate. This is the only option I was given. She also said that I went into deferment. Which I did not! When Covid started they offered it and I told them no. I went off on her after that. I'm fed up. I cried and got a migraine - I was so angry. I screwed myself. I finally logged into SallieMae again today to make sure that I did in fact make every single payment I was told to since the beginning. I was never in any deferment period! This is getting too long so I just want to know what can I do? *Something I want to note that may be of importance is that my federal loans are currently being transferred to FedLoan from GreatLakes. They are currently not on my credit report. Though they will be again soon. I am aware that credit companies look at history. With SallieMae, I owe around 6300 between 3 loans with interest rates that vary from 1.9 to 6.7 percent. Of course the loan with the lowest amount has the lowest interest rate. My credit is decent at around 775. Total debts are: mortgage, public student loans, these SallieMae ones, and 1 credit card. Should I have been more focused on my loans? Yes. Should I have made an effort to pay a little extra every month? Also yes. But here we are. Here are the two/three options I thought of:
I'm already living paycheck to paycheck and I hate it because I earn decent money. Or at least I thought I did. Please help. Thank you. [link] [comments]  |
| How Unethical Would It Be To Submit An Older Paystub To Help Boost Odds Of Lower Monthly? Posted: 31 Oct 2021 09:37 AM PDT I use the income based repayment plan. I got a raise a month ago, and I have the option to put up a paystub from within the past 90 days. Obviously it would be nicer, but probably wicked unethical/maybe illegal? Or would this be more fair-play than I'm thinking? [link] [comments]  |
| Posted: 31 Oct 2021 10:36 AM PDT My husband just got a letter saying his FEDLOAN is being transferred to Navient. I'm I confused? I thought they didn't renew their contract with Dept Of ED. [link] [comments]  |
| Posted: 31 Oct 2021 04:21 PM PDT Im currently in the process of getting a student loan in the uk and SLC is asking me to send my passport and to confirm ive been living in the uk form 2018 to 2021 and send both through post Do i just write a letter saying just that ive been living in the uk between 2018 till now or do i also need to send something like my college and secondary achievements and grades And do i just put a return address so i get my passport back or do i need anything else The email they sent me was from last week from an automated bot from the official site / company [link] [comments]  |
| In my first semester of community college...when should I start paying the interest on my loans? Posted: 31 Oct 2021 11:49 AM PDT Hi all. I have federal loans for my first year of community college and I'm wondering when and how I start paying for interest on them. I also borrowed about 5k more than I needed this year but I didn't know that until the semester started as the bill doesn't go out until the first week of the semester is over. I was going to save that excess for next semester or this summer, maybe even pay it back once I graduate and am sure I don't need it. Not currently employed, just a full time student living at home. I have SOME money saved from my old job, but I use it for bills and paying my parents for living with them. [link] [comments]  |
| Getting student loan default off your credit report Q Posted: 31 Oct 2021 11:46 AM PDT So I have had a whirlwind of a life the past couple of years. Next month I will have gotten my student loans out of debt. I'm expecting my score to increase from Fico 590. What should I expect. Is there anything I can do to help my score? [link] [comments]  |
| Letter Showing Recertification of IBR Delayed for FedLoan? Posted: 31 Oct 2021 07:30 AM PDT I'm applying for a HELOC, and they need my recertification letter (last done in 11/20) to state it will still be good through the end of COVID relief, or until July 2022 as the loan officer from FedLoan told me on the phone. He wasn't able to provide a letter to support this, and I can't confirm it on the FedLoan site (although other servicers like GreatLakes have this clearly laid out on their website). What can I provide to the bank to help them feel comfortable I won't need to recert until 7/22? [link] [comments]  |
| Posted: 31 Oct 2021 10:59 AM PDT Hi all, can someone please link the loan guide, I will be accepting my aid to pay for my tuition, but I will still need loans to afford rent for the next two years (I work as well but it is a California university and housing is ridiculously expensive so I cannot pay rent just by working) [link] [comments]  |
| Posted: 31 Oct 2021 07:40 AM PDT Alright. I was always curious How do immigrants pursue MBA? This is the timeline of the immigrant (Asian) 1.Comes for bachelors in US Imgur: The magic of the Internet
How would it the financing be made possible? Is it thru loan? Is the guarantor needed incase the student who is an adult can die? What's the collateral? Or do they give loans attached your SSN without collateral? [link] [comments]  |
| Posted: 31 Oct 2021 12:27 PM PDT So the Dept. of Education states that this repayment plan is 10% of monthly discretionary income. However, their calculation of discretionary income isn't discretionary income at all. Would it be fine if I simply reported my actual discretionary income and not their idiotic calculation of AGI - (Poverty level * 1.5)? [link] [comments]  |
| How my student loans ruined my relationship with my father. Posted: 31 Oct 2021 11:30 AM PDT Hello, This story is to help others avoid what happened to my family. I grew up in an upper middle class family. I am the only child of two Boomers. My dad had a federal government job and my mom was a stay at home parent. Typical 1990/2000s American household. My whole life, I was told "don't worry about paying for college. we got this." My dad made $150,000 and we lived in the midwest, why did I have a reason to not believe him? I went to my local state university and graduated in four years. I didn't study abroad and lived on campus all four years. I took loans in my name and my dad took a plus loan in his name. My dad paid both every month. I graduated undergrad almost 10 years ago in 2012. Please note, my loans at the time were on a 10 year repayment term with Fed Loan Servicing. Fast forward to 2016 and my dad is complaining about how they have no money because of my student loans and begins blaming me. This, of course, really hurt. What I didn't realize until 2016 is that my dad had been racking up debt and only paying the minimum on it. Even with all his income from the federal government and a big pension over $100,000, my dad never paid off his debts. My parents ended up with over $100,000 in credit card debt, plus a $50,000 parent plus loan and my $21,000 undergrad loan. My dad cash out refinanced their house to pay off all the credit card debt. He then racked it all up again. He still blamed me for them being poor. I went to credit karma to see my credit score and then it hit me. My dad had changed the terms of my fed loan servicing loan without my permission. He either forged my signature or called and pretended to be me. He changed it from a 10 year loan to a 30 year loan. Since discovering this, my relationship with my father is ruined. He failed to see why this was an issue when I spoke to him about it, instead dismissing me. My mom and I took over the finances, as my dad was diagnosed with dementia (how fitting) and had also apparently made their $ 50,000 plus loan also a 30 year loan. I'm convinced that prior to my dads dementia diagnosis he probably had a spending addiction and possibly NPD (he refused to take blame for anything). My mother did not know what my dad did and was furious. She has not divorced him because she feels bad for his dementia diagnosis and has no income of her own, so she feels stuck. Thankfully, I got my loan back on track with my moms help. I refinanced my Fed Loan with SoFi on a 5 year repayment, but I am now paying $100 a month to a loan I had not been planning to help pay off. All thanks to my dad. My relationship with my father is ruined. I feel his dementia diagnosis is divine punishment for his actions and I have no pity for him. I actually look forward to his passing, so that I can be rid of him. Thankfully, I learned from his mistake. At 32, my only debt is my car and my before mentioned undergrad loan. I have $90,000 in checking, savings and investments. I will never repeat my fathers mistake if I have kids. He is a horrible man and this is an example of how his actions with my student loans ruined our relationship. [link] [comments]  |
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