Loans transferred from FedLoan to Navient - Navient erroneously added to interest balance Student Loans |
- Loans transferred from FedLoan to Navient - Navient erroneously added to interest balance
- Sweet vs Cardona Plantiffs, Anyone Get Forgiveness Yet?
- Can anyone help?
- Annoying situation: US and UK couple living in US
- Feedback on strategy during 0% interest period
- Extremely lost grad student
- International student to getting a Masters from student loans?
- Anyone refinancing before January?
- Get a credit card vs refinance student loans?
- Can/Should I Consolidate?
| Loans transferred from FedLoan to Navient - Navient erroneously added to interest balance Posted: 13 Dec 2021 03:54 AM PST Loans transferred from FedLoan to Navient around 11/15 and Navient erroneously added to my interest balances. I have a letter from FedLoan regarding the transfer that at least shows my total interest balance, but not my interest breakdown across my six loans. I provided this letter to Navient. The representatives acknowledged the error, but going on about two weeks since reporting, this has still not been corrected. The interest rate has been 0% so there's no reason any interest should have been added to my November FedLoan interest balances. Any advice on getting this corrected? TIA [link] [comments] |
| Sweet vs Cardona Plantiffs, Anyone Get Forgiveness Yet? Posted: 12 Dec 2021 11:13 PM PST Wondering if anyone involved in Sweet vs Cardona has received a decision on their borrowers defense case, good bad or otherwise? Trying to figure out if any of these cases are being decided or if they are simply holding on all of them while the litigation is pending? [link] [comments] |
| Posted: 13 Dec 2021 01:51 AM PST So, during quarantine my student loans were transferred to FedLoan Servicing. After telling me that I would be transferred to a different loan service, they sent me another email saying that I am staying with them. So, I decided to try and set up automatic payments so that it would be already in January when my payments resume. However, every time I sign in and click automatic payments (or direct debit), it doesn't give me a way to sign up for them. I have sent two emails, with no reply's after weeks, and every time I try to do online chat there's no agent ever available. Has anybody been in the same situation as me? And if so, what did you do to finally be able to set up automatic payments? Thank you. [link] [comments] |
| Annoying situation: US and UK couple living in US Posted: 12 Dec 2021 03:51 PM PST Hi there, My wife (US citizen) and I (UK citizen, US resident) are both paying student loans in our home countries. We are currently living in the US and will be "married filing jointly" our tax returns as part of my naturalization process. Are we correct in thinking that this will screw my wife over in her student loan repayments because they will take into account our combined household income? Are we also correct in thinking that my UK student loan is irrelevant to the US student loans provider when considering her monthly repayments? Right now, we are looking to find the best option to minimize her monthly repayments while also "married filing jointly". We suspect this leaves her unable to pursue income-based repayment plans/limits our options somewhat. If anyone has advice or has been/is in a similar situation, we'd be very grateful. Thank you! [link] [comments] |
| Feedback on strategy during 0% interest period Posted: 12 Dec 2021 10:12 PM PST I hoping to get some feedback on how everyone had handled the 0% interest period of the pandemic. I personally think it should be extended because of how high inflation is that rent, food, even gas is so high adding back interest is unreasonable at this time. I'm sure that can be a separate post itself, but before i flation skyrocketed could I get some feed back on everyone's strategy? My person strategy was to try to keep up making payments as long as I could before I needed to pull back and use the income where I was burdened during the pandemic. I was able to bring down principal and I am happy to see that progress. I've heard different strategies such as investing in a high yield savings account and people planning to pay lump sum before 2/1/22. I've heard people investing their usual payments into a fund and pulling out before interest comes back. I sort of wish I did that and I don't know after paying capital gains taxes if I would have come out ahead, but the market has risen to record numbers 25%+ returns if my data is right. Some people are holding out for loan forgiveness. Other people used the money to save for a house downpayment or paid down credit card bills. I'm just curious to see if there was a better path and for me to learn different mindsets. All I ask is everyone be kind to all opinions. Thanks for sharing. [link] [comments] |
| Posted: 12 Dec 2021 06:14 PM PST I'm starting my graduate winter term in January. My school offered me a federal unsubsidized loan of 20,500 which would only cover my winter and spring term classes. I thought I would be receiving more which would've helped me with housing and other expenses while in school. During my undergrad program, my parents helped with the loan information and never explained the process to me. Now that I'm in my graduate program, I'm on my own and completely lost as to where to begin. My undergrad loans were just discharged due to total permanent disability. I've talked to my schools financial aid office and I'm just as confused as I was before. I currently have no income and I need more loans to help with housing and my other expenses while I'm in grad school. What would be the smartest way to go about taking out a private loan to help with my expenses while in school? I would need a loan that does not accrue a lot of interest and would accept a fair credit score. My school's financial aid office sent me some information about various lenders such as Sallie Mae, Sofi, etc. I would prefer a fixed loan versus a variable loan. I also would want to know the difference between the educational versus the private loan. I don't understand these loans. I don't know what the best option would be for me. I feel like an idiot. If someone wouldn't mind breaking this down for me I would greatly appreciate it. [link] [comments] |
| International student to getting a Masters from student loans? Posted: 12 Dec 2021 09:57 PM PST I hate my country, and I've kind of accepted the fact that I might have to live in this country forever, but 2021 happened, a lot of things happened to my family and suddenly a lot of responsibility fell into my hands, which made me revisit my study to PR plans during a hyperfixation episode of wanting to get out. I've been wanting to do my Masters for a while, but I thought to myself if I am going to do it, might as well take it in a different country as its usually connected to a pathway to PR. I don't have any means to shoulder studying abroad, so I've been thinking of getting a loan for a Masters in Computer Science in Canada. From the simple calculation I did from the average starting salary, post-graduation working abroad, paying repayment, and sending home money I'd still be able to help out more than with my salary right now. I'm also thinking of MPower Financing for this. I guess my question is, is this a feasible plan to do masters or do people who do this usually regret it? am I missing/not seeing something? As grim as it might be, I'm fine with being debt ridden for a few years as long as in the long run my family's future is better. [link] [comments] |
| Anyone refinancing before January? Posted: 12 Dec 2021 02:47 PM PST I have 40K left that I plan to finish paying off in the next year, regardless whether loan forgiveness is happening or not. I was debating if I should just refinance before January hits in case interest goes up. [link] [comments] |
| Get a credit card vs refinance student loans? Posted: 12 Dec 2021 06:56 PM PST Hey all! 24 years old, currently have $100k in student loans at 3.9% interest, refinanced these loans from 7-8% interest back in February 2021. However, I do not have a credit card. Was going to get a credit card to build credit, but with interest rates potentially going up again soon, I'm wondering if I'm better off refinancing my student loans again before rates go up, and get a credit card later. Since I'm already building some credit with my loan payments. Which should I prioritize? Credit card to build credit, or refinance student loans again while rates are low? Edit: My 3.9% interest rate is fixed not variable. [link] [comments] |
| Posted: 12 Dec 2021 05:20 PM PST I currently have about $48k in FFEL consolidation loans (at 4.75% interest) serviced by Navient, with 5 years on the IBR. Since I continued to make payments during the pandemic, it was a real bummer to miss out on the 0% interest as I could have made a lot more headway on my principal in the last couple years. Unfortunately I didn't do my research on the matter until it was pretty much too late to take any real advantage of it. I've been considering doing some sort of refinance option to convert them to Federal Direct loans to take advantage of any (unlikely) cancellation or disaster-related forbearance/zero interest options coming in the future. Since Navient lists my loans as two consolidation loans ($24k+ & $23k+), I thought a federal consolidation might be a good idea. But, when I logged into StudentAid.gov, they list it as one $48k loan. Can I get a consolidation loan in this situation? If yes, are there any pros/cons I should be aware of? If no, what other options do I have to convert from FFEL to Direct, and is it worth it (ie. can I get a better interest rate)? [link] [comments] |
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