PSLF Forgiveness early & without doing anything Student Loans |
- PSLF Forgiveness early & without doing anything
- Which refi place lets you lock in a rate and wait like a month or more to commit?
- Not able to see my Fed loans on Navient, hbu?
- When do you refinance student loans? How long do you wait?
- Can’t pay private loans
- Does inflation increase the likelihood of forgiveness?
- So is Navient back or what?
- Refinancing student loans with history of deliquent payments
- Should I get a student loan?
- Organizing to Postpone Past Jan 2020 or Cancel? Let's do this!
- Hos much will my monthly payment be in January?
- Fedloan transfer to Nelnet
- Advice about refinancing loans - $90k
- Next Step
- No luck finding options for refinancing
- Planning on starting IBR when payments resume. Question is does my wife’s income affect how they calculate AGI for the monthly payment amount?
- How to lower income
- Taxes
- ICR Recertification
- Prodigy finance
- Parent PLUS Double Consolidation Final Servicer
- Finished B.S. in summer, going for A.S.E. in Spring, loans show they are due in January?
- Need some first payment advice
- Do I have any other options
| PSLF Forgiveness early & without doing anything Posted: 10 Dec 2021 10:49 PM PST Opened up a random email from Fedloan about some action to be taken. It's a letter saying the recount got me to 120 PSLF-qualifying payments and I'm eligible for forgiveness. Didn't think much of it and went for pizza because Fedloan consumer advocacy and I recently completed an 8 month manual review request saga a month ago. Fedloan and I agreed that I'd be eligible after January 2022. While having pizza decided to logon to my Fedloan account. The link to rhe PSLF tracking tool loaded a message that the tool was not working for my account, I thought it was a mobile thing as I was checking from my phone. Logged on to my laptop and that's when it hit me: FIVE ZEROS on the home page: 1) next payment due 2) interest rate 3) outstanding interest 4) outstanding principle 5) outstanding balance. I have no idea what disqualified payments they counted to set me over the top. I only had one late payment. Didn't even turn in an application for forgiveness. Called to confirm today that I had nothing left to do. The rep congratulated me and wished me happy holidays. Pleasant way to end ny last Fedloan phone call (hung up after an hour hold this morning, 45 min hold for this conversation). Still in self-preserving disbelief. Can't possibly be this easy. Or is it? Do I really have a $0 balance... for good??? Never thought I'd see this day. [link] [comments] |
| Which refi place lets you lock in a rate and wait like a month or more to commit? Posted: 11 Dec 2021 08:05 AM PST Trying to time my refi just right, but I also want to lock in the best rates. What's the move? Also, I'm getting a 10k bonus this month, should it go to retirement (only contributed 2700 to 401k this year) or should it go in loans when they restart again? 230k loans Federal most 7% int, 170k income, 60k cash saved that would have been loan payments during pandemic, 120k liquid investments that I could put in loans or keep in the market. [link] [comments] |
| Not able to see my Fed loans on Navient, hbu? Posted: 11 Dec 2021 07:16 AM PST Hey y'all, I am trying to prepare for the apocalypse, aka my student loan repayment coming back online. So I went to my typical site, Navient and I was told that my new servicer is Aidvantage. So I tried to go to Aidvantage and they tell me my loans are not available to be viewed until Dec 18. I'd like to get my shit together asap. Is anyone else having this problem? Is there another site where I can see my loans? Thanks! [link] [comments] |
| When do you refinance student loans? How long do you wait? Posted: 11 Dec 2021 07:01 AM PST Like title says, I am asking general advice when to refinance my student loans, or when do people normally plan to do it? Thank you for your help. Update. Sorry my question originally wasn't very good. I see my question could mean many things. I want to be clearer. I answered a lot more info in my question responses here and in https://www.reddit.com/r/StudentLoansRefinance/comments/re1jo3/when_do_you_refinance_student_loans_how_long_do/ and I got some good response already, but could use more additional help here please. In response to this question I was told wait 12 months or maybe 12 to 18 months. That sounds good. I refinanced last time three years ago so I waited more than that already and think I should do it now, right? And maybe in another 12 or 18 months I can do it again. I want to do it again soon because the interest rates look better now and people get lower rates. The summary of the info I said in the other reddit is that I mean to question how long everyone waits to refinance their loans after they refinanced before. I already have private loans so I am ok to refinance them and do not lose anything from the government. I do not have loans from the government. My interest is 5.8%. I have an OK job and I think I will be working there a long time. I did not have any changes to my job or income. No big purchases lately, just normal stuff. My husband is the same, good job and long term. He's getting citizenship and I checked before a little while ago with you all in this Reddit that refinancing will not effect his process, so I am not worried about that. Thank you for your help. You were helpful to me before too. [link] [comments] |
| Posted: 10 Dec 2021 07:47 PM PST I graduated 6 months ago and I'm currently unemployed can't find a job. The payment is 750 a month. Is there anyway I can get that down. I have no way of paying this [link] [comments] |
| Does inflation increase the likelihood of forgiveness? Posted: 10 Dec 2021 08:47 AM PST Inflation hits highest level since 1982 - https://www.npr.org/2021/12/10/1062794539/november-cpi-inflation-high-prices-for-consumers It seems like turning student loan payments back on now will hit extra hard with worsening inflation. Will the administration use this opportunity to make a real difference in millions of lives? [link] [comments] |
| Posted: 11 Dec 2021 05:42 AM PST Kind of confused because I thought they were leaving the student loans business but then they both transferred my loans to Navient. I wasn't following the news about it because I didn't think it would affect me, but now they transferred one of my 2 loans to another company, Aidvantage. (I have 2 because parents PLUS but I'm not letting my parents pay for that) What is up with all this? It's making it real confusing. [link] [comments] |
| Refinancing student loans with history of deliquent payments Posted: 11 Dec 2021 05:15 AM PST Good morning all. Posing a question for a coworker who I'm trying to assist and needs some guidance. She graduated from undergrad in 2018 with approximately $200,000 in private loans with Sallie Mae at an average of 9.00%. Her parents handled her finances at that time and it's unclear why they didn't take out federal loans first before going for private but what's done is done. After graduation her parents made monthly payments for her while she got her feet on the ground and continued living with them. She is now finally taking control of all of her finances and looking to buy a house or apartment. Upon review of her credit reports and loan records she discovered that her parents missed multiple payments in 2020 (March-July) without telling her so these months are listed as "deliquent". There were options to place loans on forbearance or deferment due to COVID but it doesn't appear they contacted anyone to select this option - they just didn't pay. She did have a sick family member at that time with COVID. Since then they have made monthly payments in full on time and recently just placed the loans officially into deferment as she started graduate school. The problem is despite her steady and well paying job the outrageous interest rate is making it difficult to make payments and the loan being private really limits her repayment options. She wants to be solely responsible for all her finances from this point on so I told her to try to refinance her loans. She spoke with Sofi and Citizens but neither said she's a candidate to refinance with them due to the deliquent payments last year. She is going to try writing a goodwill letter to the loan company to see if they can remove at least a few of the deliquent/late payment reports but since it was multiple in a row and nobody contacted them up to this point I'm not sure how effective that will be. Does anyone know of any refinance companies that are sympathetic to people who have a history of deliquent/late payments and have a steady well paying job as well as an improving credit score (now above 650)? I told her maybe as more time passes the refinance companies might feel a little more comfortable with her refinancing? Appreciate any advice, especially from anyone who has been in a similar situation. [link] [comments] |
| Posted: 10 Dec 2021 12:59 PM PST My grandpa keeps pressuring me to get a student loan, this is my first year in school and I don't really feel comfortable doing so. I have a mother who is willing to pay, and my father has to because of a court order between my mom and dad. But my grandpa is saying I'm the one who chose to go to college so I should be the only person paying for it. My school is about $44,000 a year and they gave me about $16,000 in scholarship (their second highest paying scholarship). So you can imagine how much I'll be having to spend. He keeps saying that the government will forgive it anyways, but I don't want to be in hundreds of thousands dollars in debt by only my undergraduate and find out the don't. I'm also planning on going to medical school, so seeing this much debt just to receive my BS is scary too me. [link] [comments] |
| Organizing to Postpone Past Jan 2020 or Cancel? Let's do this! Posted: 10 Dec 2021 12:39 PM PST Does anyone know if there are larger scale student/graduates organizing efforts to continue the postponement of Student Loan Debt beyond the January 2022? I think we're in a political moment where we can leverage all of the energy that is currently being generated on issues about generational economic hardship, labor issues and others to actually push them to postpone. There are so many of us! Are there organizations working on this? Please let me know, I would love to get involved. [link] [comments] |
| Hos much will my monthly payment be in January? Posted: 11 Dec 2021 04:37 AM PST This is dumb but I can't figure out where to find what my monthly payment will be when repayment resumes next year. I'm with FedLoan. They don't take customer care calls on weekends. Side rant -- it is mind-blowing to me how basic info like this is not easy to find. Makes me angry. Actually angry. [link] [comments] |
| Posted: 10 Dec 2021 07:47 AM PST Has anybody gotten any news yet? I just got the email about payments starting in Jan 31. I got the email about the transfer and it said it was supposed to happen on the 6th but no news up to now. [link] [comments] |
| Advice about refinancing loans - $90k Posted: 10 Dec 2021 03:30 PM PST Hi all, I have about 10k on private loans with about 6.5% interest and have $80k in government loans from undergrad and grad school that before the interest rate freeze ranged from 5-7% I believe. I work in advisory in Big 4 accounting and make 63k base right now, I just started earlier this year. Would y'all recommend I refinance them all with Sofi or another lender at a 3.6% fixed rate or wait until the rate freeze is officially over. I'd like to lock in a fixed rate before the FED starts raising rates but nervous to lose the benefits of having loans through the government. I have about $28k in a brokerage and bank account combined. Thoughts? [link] [comments] |
| Posted: 10 Dec 2021 06:16 PM PST I just finished paying back one of my loans. Do I need to do anything else, like closing my online account? I don't want to be surprised with additional charges. I do plan on calling my student loan provider(ECSI) this Monday, btw. Thanks! [link] [comments] |
| No luck finding options for refinancing Posted: 10 Dec 2021 08:20 PM PST I just graduated in May and have about $95K in private student loan debt. The original company I had my loans through dumped all their loans to some random creditor right before I graduated. I attempted to contact the new creditor about two months ago to preview any information about how much I would owe monthly and they said I would see information through their online portal soon. About two weeks ago, I got a notification that my first monthly payment was due Dec 18. They clocked me in for $850 a month. Once I saw the amount and realized I could not currently afford that, I contacted them about options for refinance. They said they don't offer refinancing. So, I began my search for refinancing and I am having a terrible time. The lowest I can get a monthly payment for with a soft credit check is around $650 for a 20 year loan. I've applied to two places officially and have gotten rejected (for reasons I haven't been told yet). I make about a $100,000 a year and have a 700 credit score. One of the applications somehow got messed up because I explicitly listed my private loans and it tried to refinance my federal as well. I'm super overwhelmed and confused. How am I supposed to find a good monthly payment/rate if I have to take hard credit checks every time I fill out an application (which in results hits my credit)? Is there a better approach I can use? I've been using Credible, but is there a better method? I'm one of the first people in my family to have gone to college, so I have little to no guidance. Any resources available? Sorry, kind of just panicking right now. [link] [comments] |
| Posted: 10 Dec 2021 07:41 PM PST |
| Posted: 10 Dec 2021 05:31 PM PST I am in ibr. I want to give as little money as possible toward paying me loans. Are there any ways to lower AGI other than earning less? For example I already max out my IRA to lop off $19500. Are their other things I could be doing? (Other than losing my job or gambling loses) [link] [comments] |
| Posted: 10 Dec 2021 05:02 PM PST |
| Posted: 10 Dec 2021 04:39 PM PST I've been on $0 IDR payments for a year prior to Covid. I made whatever payments I could afford during that time as I was unemployed. I now work a part time job from home making $12/hour since July, up to 20 hours per week but it fluctuates. Based on what little I've earned this year, I don't think I have to file income taxes. Do I report this income on my recertification? I suck at all of this so any info would be helpful. (My job is for a small business and my boss doesn't take taxes out, she had me fill out a 1099 form). [link] [comments] |
| Posted: 10 Dec 2021 12:34 PM PST I've gotten into an MSPH degree program and am interested in taking a loan from prodigy of around 30,000 USD and wanted opinions on if it is worth it. I've heard mixed reviews on their interest rates and heard terrible stories of students falling down the spiral of student debt when it comes to student loans in general. I'm worried if I should go along and take out a loan with prodigy of just defer my admission and try earning the money in the next 3 years. Any and all advice is welcome, please help! [link] [comments] |
| Parent PLUS Double Consolidation Final Servicer Posted: 10 Dec 2021 11:35 AM PST Hello! If anyone has gone through this process before or has any insight on the below topic I would be extremely grateful! My first servicer was Great Lakes, they originally held all of my PLUS loans. I then consolidated into two separate loans, one that went to Nelnet, and one that went to EdFinancial. Now that I am going to consolidate again into a final consolidation loan for IBR purposes, I'm curious on who to choose? I would like to go back to Great Lakes as my final servicer, but if they originally held the loans, would that interfere with the final consolidation and access to IBR? There are other options, but since Navient processed the EdFinancial loan; if I were to select OSLA or MOHELA (whom are also processed by Navient) would that too interfere with having a final non-PLUS designated consolidation loan? I can expand more if needed! Thanks again! [link] [comments] |
| Finished B.S. in summer, going for A.S.E. in Spring, loans show they are due in January? Posted: 10 Dec 2021 11:31 AM PST I couldn't find this already posted, apologies if it was. Edit: I was and am still full time student, haven't taken out loans at all for the 21-22 term. Like title says, I got my B.S. at a university this summer. I need to take out loans as I am doing an A.S. in Spring. I'm enrolled in school and trying to get loans out as I no longer qualify for grants, but I'm held up by financial aid processing. My fafsa forms reflect that I am going to school regardless. Yet, I'm getting an email that payment is due 01/31/22. Do I need to call fafsa or the school? Thanks! [link] [comments] |
| Need some first payment advice Posted: 10 Dec 2021 07:42 AM PST Hey everyone, I graduated in May 2020, and have been saving money to making a big first initial payment on my loans before the forbearance ends. I would like to know other people's opinions. I plan to pay off the 15k accrued interest and then another 25k to get rid of one loan. Should I do this or just pay off the interest and pay monthly amount? On the IBR repayment plan that I was approved for it says $0 every month which doesn't seem right. 10 year plan shows I would pay 100k more due to interest which just makes me sad. [link] [comments] |
| Posted: 10 Dec 2021 04:01 PM PST Currently, I have a parent that is neglecting to amend their taxes which is making it impossible for me to get student loans from my school. I've tried talking to them about it but both the parent and my school are being very inflexible in this. At this point, my only option seems to be reporting the parent to the IRS and hoping it can get resolved from there, are there any other options I have here? [link] [comments] |
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