roommate took out loans in my name without consent. Student Loans |
- roommate took out loans in my name without consent.
- 80k in parent loans
- I’ve paid off most of my student loans. Now my new girlfriend has a mountain of student loan debt and it scares me.
- Student loans magically rehabilitated
- I have a naive question about parent PLUS loans
- How to get loans into forbearance after current payment pause resumes in May?
- Ontario Canada, student loan question
- Can we limit the posts about if loans will be forgiven or create one thread for them to be on?
- Payoff during zero interest period?
- ECSI Fee's
- Is it too late to apply for Borrower Defense?
- new here and need help navigating!
- using student loans to pay rent
- Can anybody explain how to determine if private student loans are "qualified" vs "non-qualified"?
| roommate took out loans in my name without consent. Posted: 27 Feb 2022 05:07 AM PST This happened in 2018, so forgive me if I didn't provide enough information, but basically, I was taking online classes while living with this roommate. One of the websites I had used to schedule the online classes also had a way to take out student loans. idk if he used that directly or just stole my identity and filed the loan. The loan was deposited into his bank account, so obviously, I was completely unaware of what had happened until I started receiving payment notices. My roommate confessed that he took out the loan without my consent and would pay for it and everything would be fine and that there was no legal action to take against him because he took the loan out in my name and anyone i tried to tell that it was my roommate and not me that took out the loan wouldnt believe me since the loan was in my name. I've been paying toward this 17k loan for about 4 years now. I've never seen a dollar of it or got help for any payments. Recently, I've been thinking about this and realized how naive I was to believe him. What he did was nothing short of a crime. It has been a long time, and I'm still currently paying. I need advice. Is there any way I can get out of this loan? I mean, they deposited the money into his bank account. Why would any loan provider deposit money into anyone but the person applying for the loan? I'm just wondering if there is any legal recourse or someone I can try to talk to to resolve this mess. Roommate and I don't speak anymore for obvious reasons. Thank you, much love edit:typo [link] [comments] |
| Posted: 26 Feb 2022 11:51 PM PST I (like many others) made a stupid decision at 18 to attend a private college. Even though I had a $100k scholarship grant over the 4 years, I still ended up with $100k+ student loans, in which 80k is under my dad's name. I told him that I'd pay for it once I graduate, but my expectations were too high. I have loans of my own to pay, and I expect to make only 50k after graduation. My dad doesn't work now so he 100% won't be able to pay this loan and I feel horrible for putting this burden on him. I live across the country from my family and have lived on my own for 4 years now. I have a feeling I'm gonna have to move back with them (and be miserable for years) to pay off this loan. I had a plan to move in an apartment with my boyfriend but I'd feel guilty for paying rent when I'm able to live with my parents and help with the loan. Has anyone been in a similar situation where u had to pay off ur parents loans? I need guidance so bad! I feel so lost and depressed. [link] [comments] |
| Posted: 26 Feb 2022 04:53 AM PST I'm 30 years old and my girlfriend is 28. We met on a dating app about 8 months ago and have been together for 7 months. I'm a civil engineer and she is a high school math teacher at a Catholic school. We are madly in love and she is the nicest most beautiful woman I ever met. We have so much chemistry. I graduated from a private university in 2013 with a bachelors in civil engineering and $138K in student debt. I managed to make sacrifices and I have been living with my parents to pay it off. I have it down to $21K right now so I made a huge dent in them. About $12K is private and $9K is federal. The interest on the private is only 2.125%. I have enough in savings to pay the rest off, but it wouldn't give me much of an emergency fund if I did. Well I found out a few months ago that my girlfriend at 28 years old still has $100K in student loans and it scares me, especially since she graduated from college in 2015. She said they are all federal. She recently made a $17K one time payment to get it down to $100K so I'm really proud of her for doing that. When the pause on payments is lifted her loans will go back to being about 6% interest again. We tried talking about it but it does make her uncomfortable. She told me she doesn't know how much she started out with, which baffles me, but she did say that she was paying $1,000 a month until the pandemic started. She either doesn't want to tell me the starting balance or really doesn't know. I've been open about my loans and how much I started with compared to what I have left. The thing is that it doesn't seem like this debt bothers her. She has enough in savings to cut her debt in half but doesn't want to completely drain her savings which I understand. She is making contributions to her 401k which is great. If I was in her shoes I would take half of my savings and put it towards my debt. She doesn't want to teach public school to get loan forgiveness either. Should I be worried about our future together? We both live in NJ and it's already so expensive living in this state. I want to make it work with her but I'm nervous about how we'll be able to afford a mortgage and bills if we get married and she's still paying student loans. [link] [comments] |
| Student loans magically rehabilitated Posted: 26 Feb 2022 11:56 PM PST So yeah, I had some defaulted student loans and I started the rehabilitation process. Got the payments down to $5 a month and didn't even have to pay anything before receiving a letter in the mail a few weeks later saying my loans have been sent to a different servicer and they congratulated me on my loans being rehabilitated. I am so confused. I called the new loan servicer and they said that my loans are current and out of default. How can this be possible? Am I missing something here? [link] [comments] |
| I have a naive question about parent PLUS loans Posted: 26 Feb 2022 09:13 PM PST So I'm just trying o understand the interest on a parent plus loan. I was the student. Parents took them out for me. Obviously interest has been building but, the interest only applies to the original principle? So if it was for example 50k starting, the interest only accrues of off 50k every time? Is that why paying extra to the principle is smart? I know it's a naive question but I want to make sure I attack it right [link] [comments] |
| How to get loans into forbearance after current payment pause resumes in May? Posted: 26 Feb 2022 08:34 PM PST I remember taking one class in 2019 and still having to pay. Is it something like if you're at least 1/2-time your payments get paused again? I have three different stafford direct loans, totaling about $8000. If I resume college at least 6 credits will the payments and interest be paused again? I would have to let my loan servicer know I am at least half-time again? [link] [comments] |
| Ontario Canada, student loan question Posted: 26 Feb 2022 04:33 PM PST Hello, I have a question. I graduated from Computer Science in 2019 from a university in Ontario, Canada. After graduation, for a year and a half I just chilled and did nothing, than I decided to take my career seriously and started finding a job in Comp Sci, but I found it incredibly difficult. No one wanted to hire me, so I decided to work on some projects to build up my resume, the projects are taking some time for me to complete. My brother lives with us, but he has decided to move out. He used to take care of the grocery bills, but now that responsibility has fallen on my shoulders, so I was forced to find part time employment near my house, I work there 12 hours a week(2 days a week, 6 hour shifts) and I make around 160$ a week, which meets the minimum requirements to pay the grocery bills of the house. My question is, since I have started working(although part time) will I be forced to make monthly payments to nslc(national student loan service)? all of the money that I make goes to buying groceries. [link] [comments] |
| Can we limit the posts about if loans will be forgiven or create one thread for them to be on? Posted: 25 Feb 2022 08:37 PM PST I keep getting notifications of people posting about what the likelihood of student loans will be forgiven. The answer is we have absolutely no way of determining likelihood of loan forgiveness. It's always possible but probability cannot be determined and it would be healthier to just keep those questions either off the subreddit or in one single approved thread where everyone who wants to comment asking that question can do it freely. This is my personal opinion and I don't mean any hard feeling by it. If most people like seeing those posts and I'm in the minority the that is totally chill as well. [link] [comments] |
| Payoff during zero interest period? Posted: 26 Feb 2022 10:06 AM PST So my provider was just switched to AidVantage (general consensus: it is what it is) and I'm having a hell of a time finding where to request a payoff letter. My question is, if I just pay off the balance while we are still in the zero interest period, does that effectively close the loan? Or is there some loophole that keeps a fraction of a penny on the books that will start accruing interest? [link] [comments] |
| Posted: 26 Feb 2022 08:32 AM PST Is there a place that breaks down fee's you get charged for an ECSI automatic ACH payment. Every month it just has a line in the billing summary that states I pay $44.12 fee. I only owe a grand but I was curious because this seems kind of excessive to charge per payment. [link] [comments] |
| Is it too late to apply for Borrower Defense? Posted: 26 Feb 2022 10:11 AM PST I just read an article that said "The Department of Education announced it would forgive approximately $131 million in debt held by borrower defense claimants who attended DeVry University, Westwood College, ITT Tech, Minnesota School of Business, or Globe University." I went to Westwood college almost 10 years ago. It's one of the schools listed to get forgiveness. If I apply now, will I be included in that 131 million or is it in rounds? I'm applying anyway but I've thousands in debt and would like to know if I won't be or not in the near future. [link] [comments] |
| new here and need help navigating! Posted: 26 Feb 2022 06:31 AM PST as the title says i'm new here- sorry if this post is long!!! honestly with all the emails/letters i get about my federal loans and when they pushed the payment time and who actually has the loans and where to pay them i've gotten very confused. what i know:: -when payment is starting again -that the loans have moved what i don't know:: -who the loans have moved too -how do i login now?? -how to pay -did interest build up during the pause(i've heard that it had and that it hasn't) i did look at the sidebar for this sub and honestly i do not understand it all. i'm a first gen college grad, my parents don't really understand this all either, and when i did ask my college advisors for help they did what they did best and not help at all. so i'm lost and don't really know what to do if there is a link to these questions that would be amazing! also if there is a link that dumbs down everything for me to understand that would be great too 😅 sorry for the long post and thank you to anyone that can help me edit:added that this is for federal loans! i've already started laying my private loans, they didn't have a pause and have never moved companies/owners [link] [comments] |
| using student loans to pay rent Posted: 26 Feb 2022 11:02 AM PST hi i'm starting school in march part time. i want to move out and live in an apartment off campus for the first time and would like to use student loans to pay for rent. anyone else do that? is that a good idea? the "plan" is to start school part time, work part time locally and/or start a remote paid internship while in school as well. [link] [comments] |
| Can anybody explain how to determine if private student loans are "qualified" vs "non-qualified"? Posted: 25 Feb 2022 11:58 PM PST About 2 weeks ago now US Senator for New Hampshire Maggie Hassan released a statement indicating that some private student loans may be significantly more eligible for bankruptcy discharge that previously believed. Is there any way to tell what would be considered a "Qualified" or "Non-Qualified" student loan in regards to this statement? [link] [comments] |
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