Loan forgiveness Student Loans

Loan forgiveness
Can I get a loan without adding a parent to my FASFA form?
Aidvantage is going to start withdrawing payments on Feb 3rd
Potential Job Change-Student Loan Impact
Sallie to First Mark?
Why did you get a student loan?
Why do parents cosign student loans for adults?

Posted: 27 Jan 2022 04:07 AM PST

I've never met anyone who has had their student loans forgiven after 10years. Does this really happen or is it just a scam? I've also heard that it's super hard to get them forgiven.

Anyone got any useful info?

submitted by /u/givemeaminuteor2
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Can I get a loan without adding a parent to my FASFA form?

Posted: 27 Jan 2022 07:29 AM PST

I'm really confused. My parents don't talk to me and I'm not sure what to do. Do I still get a loan without the parent info or parent plus loan? I'm not sure what to do. Can someone help me out?

submitted by /u/leader_tyler
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Aidvantage is going to start withdrawing payments on Feb 3rd

Posted: 27 Jan 2022 10:24 AM PST

Hey folks running into an issue that has me panicking about loan payments starting up again.

I missed the whole Navient debacle somehow but got a rude awakening in the form of a letter from Aidvantage showing up at my dads house.

I had loans serviced by Fedloan that I began paying off in 2019. Due to the pause during the pandemic I haven't been checking in on them and was relieved to see federal loan payments get pushed again to May.

Going through an old email address, I'm seeing that my loans got transferred to Navient on 11/9/21. Now that Aidvantage is servicing the loan am I stuck with having my payments start up again in Feb, or is there anything I can do to defer them until May?

I just started a new higher paying job so it's not a devastating hit, but it will impact my house buying plans that I had.

submitted by /u/SFAThrowaway42
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Potential Job Change-Student Loan Impact

Posted: 27 Jan 2022 10:09 AM PST

I have an interview for a job change with big changes in my personal finance and am hoping for some advice. I'm 39 years old if that matters in this scenario:

Current job: Cultural non-profit in medium-sized city in the US. Salary $75,000, health, dental, vision, life insurance, FSA, and maximum 403B contribution of 3% from the organization, and I contribute a further 3% every paycheck.

Potential New Job: Large major publicly traded technology company. Salary: $95,000+, probably a signing bonus, health, dental, vision, life insurance, FSA, 5% contribution to 401K-no employee contribution required (i'd make one of course). Lots of other nice perks like hybrid WFH policy , fun employee travel, continuing education reimbursement.

Here's the rub: I have $59,000 in FEDERAL student loan debt. I have no other debt, no car, mortgage, or credit card debt. I don't have a ton of savings but I do have over $10k in retirement savings (just finished paying off $40K in private student loan debt). I have worked in non-profits for 8 years and in 2 years, after payments start back up in May, I will have whatever balance is left forgiven. Seems to me if I got a really attractive offer from a new company I will need to extend the timeline of paying that off and do it myself. What offer should I take and should I do this or wait until I get my loan forgiveness before looking around. Seems to me with the way the job market is right now, it puts me in a great position to negotiate a great salary. Also, who knows what the Biden administration might do to people's loan balances. Thank you in advance for any advice/feedback.

submitted by /u/throwaway77777889
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Sallie to First Mark?

Posted: 27 Jan 2022 08:44 AM PST

Is it possible to transfer my Sallie Mae loans to my existing loans at First Mark?

submitted by /u/Budget-Watercress-38
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Why did you get a student loan?

Posted: 27 Jan 2022 04:17 AM PST

submitted by /u/gnilratsimaj
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Why do parents cosign student loans for adults?

Posted: 27 Jan 2022 09:11 AM PST

I don't get it. Kids are legal at 18, you are grown and on your own.

Other than emergency housing and shelter parents owe nothing to grown children. Who would gamble his retirement on kids a college education?