Chance of Biden releasing the $10k promised loan forgiveness for 2022? Student Loans |
- Chance of Biden releasing the $10k promised loan forgiveness for 2022?
- I just got a notification that my student loan payments begin in Feb 2022. I don't understand how since I have 2 years left to graduate and this is my first ever semester of graduate school.
- I just got a notice from FedLoans that my account is NOT Transferring
- Myfedloan is transferring my student debt to Navient--just got email
- my kid is unable to register for spring ‘22 because she still owes $8,000 for fall ‘21. the school is unable to provide any more funds. she’s a freshman with no credit history. i cannot be a co-signer and she has no one else. can anyone suggest a provider that would loan to her?
- Is Nelnet a decent servicer compared to others? Also any advice on my repayment plan
- What advice do you have for someone looking to take out loans soon?
- IBR and adjusted gross income
- Who offers some of the best loan options
- Taking a semester off and transferring
- I’m confused? Why would Fedloan decide to not transfer my loans?
- I have 4 loans through Navient. I still owe 7k, so I thought I'd look into getting that amount reduced. Forgiveness? Refinance? I'm just looking for suggestions. Thanks.
- Will making a 529 student loan payment impact my student loan interest tax deduction?
| Chance of Biden releasing the $10k promised loan forgiveness for 2022? Posted: 07 Dec 2021 10:36 PM PST In a dilemma of whether I should pay the last $10k of my loans in March 2022 or roll the dice on Biden's promise to universally do $10k for each borrower. I know he isn't going to do $50k even with "pressure" from top Democrats but he mentioned $10k more than once during his campaign and afterwards. Has he mentioned it recently? I'm hoping he doesn't wait until right before next election season to sign the bill. -- Referring to this campaign promise:
https://news.yahoo.com/student-loan-forgiveness-biden-promise-144633725.html [link] [comments] |
| Posted: 08 Dec 2021 02:32 AM PST |
| I just got a notice from FedLoans that my account is NOT Transferring Posted: 07 Dec 2021 07:42 PM PST I was supposed to transfer to Nelnet but I just got an email that the ED has determined it was not necessary to transfer them and that FedLoan would keep servicing them. Am I going to be transfered to another servicer? I'm confused as all get out. 😕 I know FedLoans is going away. So it's making me nervous for when payments restart because I want to make payments on time to the right servicer. I can't afford to hit to my credit. Anyone else get a message like this from Fedloans? [link] [comments] |
| Myfedloan is transferring my student debt to Navient--just got email Posted: 07 Dec 2021 11:14 PM PST Is this a good thing? A bad thing? Or literally nothing really changes other than who I give my payment to? [link] [comments] |
| Posted: 07 Dec 2021 05:49 PM PST you hear about people drowning in student loan debt but it can't be that easy to acquire. she's been denied several private loans already. just gotta figure out this semester and she will go much harder for grants and scholarships and work study going forward. tia. [link] [comments] |
| Is Nelnet a decent servicer compared to others? Also any advice on my repayment plan Posted: 07 Dec 2021 07:16 PM PST I have over 22k in federal student loans. The details are: AA SUB- Principal: $1750 Monthly: $17.56 @ 3.76% (pay $18) AB UNSUB- Principal: $1110.96 Monthly: $11.15 @ 3.76% (pay $12) AC SUB- Principal: $10,750.00 Monthly: $111.46 @ 4.45% (pay $150) AD UNSUB- Principal: $5458.74 Monthly: $56.60 @ 4.45% (pay $65) AE SUB- Principal: $2750.00 Monthly: $29.33 @ 5.05% (pay $35) AF UNSUB- Principal: $1054.05 Monthly: $11.24 @ 5.05% (pay $20) I want to know if this plan is the most efficient way to repay during 2022. Starting 2023 I'm going to increase my overall monthly payment from $260 to $500. I'd like to get out of this debt by 2026 because this feels like a huge mental ball and chain. I was stupid as a teen and went to the School of the Art Institute of Chicago for my BFA and am currently in my last year of my MFA at the New York Academy of Art. I don't regret my education decision entirely because my work-study job in Higher Education Administration has been eye-opening as to the type of office work I'd like to do for my full time job. Additionally, the connections I have at my current school enables me to get my foot in the door for other Continuing Education positions in various New York colleges. I'm still using my degree by working as a teach assistant and selling work through a famous NYC gallery. I'm just trying to be as aggressive as possible with these loans considering I'll likely be starting out making $40k to $45k in a HCOL city. I have a 6 month emergency fund and less than $7k in my Roth IRA. I'm wondering if I should consider taking some of my 6 month e-fund to pay down the highest interest loans or the largest loan. [link] [comments] |
| What advice do you have for someone looking to take out loans soon? Posted: 07 Dec 2021 09:32 PM PST I am going into my junior year of college soon and I am going to need to take out a loan soon. I have great credit. I will eventually need about 100,000-150,000 dollars worth of loans. For my undergrad I think I will only need about 25,000-30,000 dollars. Are there any places you would recommend looking into for taking out student loans? Is there anything you wish you knew before you took out your loans? Any advice, help, or experiences shared would be greatly appreciated. [link] [comments] |
| Posted: 07 Dec 2021 09:32 PM PST Hi all, I am a recent graduate applying for income based repayment for my student loans. The application asks for adjusted gross income found on my tax returns, but since I've recently graduated in May, I obviously have not had any tax returns yet since I just started working this year. How do I figure out my adjusted gross income without tax return paperwork? Any help appreciated! [link] [comments] |
| Who offers some of the best loan options Posted: 07 Dec 2021 08:02 PM PST Salliemae I heard wasn't that great I heard college ave was okay. Does anyone know of any other way places I can look into? Thanks [link] [comments] |
| Taking a semester off and transferring Posted: 07 Dec 2021 07:46 PM PST I'm currently a sophomore and just finished my fall semester In Kentucky. I'm wanting to transfer to a different college because the program is better there, but In order to afford it I need to take the spring semester off and work. I don't want to do this if my loans will go into repayment. I know there is a 6month grace period but I wouldn't be in class until next august which is almost 8 months away. So if I took the semester off would I have to start paying my loans? Also will taking the semester off affect any of my financial aid or the grants I get? [link] [comments] |
| I’m confused? Why would Fedloan decide to not transfer my loans? Posted: 07 Dec 2021 07:34 PM PST "Recently. we informed you that the U.S. Department of Education (ED) was planning to transfer the servicing of your federal student loan account to another member of ED's federal loan service team. We're now writing to inform you that ED did not transfer your loan account to the other servicer. ED determined that it was not necessary to transfer your loan account. We, FedLoan Servicing, will continue to provide customer service for your federal student loan account. If you are currently required to make monthly payments on your federal student loans, direct your payments to us. We look forward to continuing as your federal loan servicer and assisting you on ED's behalf. If you have questions, let us know. You can contact us using the following information: [link] [comments] |
| Posted: 07 Dec 2021 06:47 PM PST |
| Will making a 529 student loan payment impact my student loan interest tax deduction? Posted: 07 Dec 2021 05:30 PM PST Background:
When you make 529 student loan payments, you also cannot take a tax deduction for student loan interest paid using a distribution from a 529 account. So using a 529 to pay student loans may affect other tax benefits available to you. Scenario: Let's say I made student loan payments earlier this year which included at least $2,500 in interest. To take advantage of the 529 state income tax deduction, I plan on contributing $4,000 to a Virgina529, withdrawing it, then using distribution to pay down my student loans before the end of the year. Question: In this scenario, will I be able to deduct both $2,500 in student loan interest and $4,000 in state income tax in 2021 (Considering my earlier payments were out-of-pocket and not from a 529 distribution)? [link] [comments] |
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