I have an important deadline in the house buying process this week and I am totally freaking out about it. Perhaps someone wiser than I on mefi can help me not freak out about the upcoming deadlines and also tell me what is going on behind closed doors. [more inside]
I just got my MFA! Hooray! I just saw my student loans! Oh no! Here's the skinny: I owe about $117,000 with an average interest rate of 6.5%. But! I got a great job that pays about $85k, so we'll call it even on the risk/reward front. What're the best policies for paying back student loans? Are there tips and tricks? Things I should be doing now as opposed to later? What's the deal with refinancing? Is there such a thing as private financing (i.e., you agree to pay all my loans and then I pay you at like 3%?) for student loans? This whole field is kind of a mystery and while I intend to pay my loans in full, I want to make sure I'm being as smart about it as possible. Given my salary and average living cost, I can afford to put in about 40k a year.
I've got the job. Now I have to navigate the paycheck/loans/benefits/retirement... Where do I start? [more inside]
Does anyone have experience using college loans for buying property to live in while attending school? I'm looking at buying a 2-5 acres for about $25,000 to $40,000, putting up a DIY cabin shed in lieu of throwing all my money at rent over the next 3 years. [more inside]
My spouse may be eligible for student loan forgiveness, but I'm having a hell of a time making sense of the forgiveness programs and requirements. Are there any consultants or organizations who will look at the loans, employment history, etc., and give us advice?
Who should I talk to about long-ago debt and my credit score? Is that the sort of thing a new credit union will do, or would that just hurt my interactions with them? [more inside]
Can I take out graduate Federal loans and use them to pay off my private loans from undergraduate, since my graduate school is entirely paid for? [more inside]
I'm a US citizen with indefinite leave to remain in the UK. I want to apply for UK citizenship. I have defaulted student loans in the US and haven't filed my taxes in the US for ten years while I've lived here in the UK. Am I going to need to get straight with the US before I can naturalise as a UK citizen? I intend to pay / file what needs paid and filed but what order should I do it in?
Thinking ahead to my eventual retirement, I phoned Sallie Mae earlier this year, and spoke with a rep who was easy to chat with, and seemed well-informed and helpful. I asked her if there was any sort of discount or other concession made for student loan payments once the debtor retired and began drawing Social Security. Her answer was that, good news, once I provide Sallie Mae with documentary evidence that I am drawing Social Security, the balance of my loans would be waived. [more inside]
I recently graduated and I've been working as a Jr. Engineer for a few months now. I realize now that this is not a career/field I want to be in and have been strongly thinking about going back to school to get a Computer Science degree. The problem is that I have 35k in loans from my previous degree and I need to make a decision soon. Am I being reckless for wanting to do a career change so soon? [more inside]
I need some financial planning / loan help. I graduated from grad school a year ago, and I'm getting my life together. I'm doing well professionally, juggling freelance gigs -- this doesn't necessarily mean I'm paid well, but I'm happy and fulfilled with what I'm doing. But my personal finances are a total wreck, and I need a professional to help. Who should I be looking for? [more inside]
NYC MortgageFilter. We want an affordable 30 yr fixed 80% LTV co-op loan that underwrites quickly - but! With either ethical considerations or portfolio from a local lender. Need reccs. for lenders and especially loan officers please; or really savvy NYC mortgage brokers. [more inside]
My family's income has just increased, and we're having trouble choosing between financial priorities. Advice? [more inside]
What options are available out there in regards to educational loans for certificate programs with a university? [more inside]
Looking to buy a house in rural areas between Tampa and Sarasota. First-time homebuyer, attracted to the USDA loan program for its guarantees and all-encompassing mortgage which includes insurance, closing costs and possibly even repairs. I want to hear the good and bad from folks who have recent experience from the program, what to look for in a lender or mortgage broker. If you have any recs for the area I'm talking about, all the better. Thanks.
How do I build someone's credit while they are overseas and not a US citizen? I am getting married to someone who is Japanese (in about 5 months) and lives in Japan right now. Because I know we will one day want to buy a house, I want to start building her credit as soon as possible because I know that it is easier to get a loan with two people signing instead of one. [more inside]
(USA) I heard something about student loan payoffs based on a % of your income,and after 12 (?) years anything left is forgiven. Is this real and how would one get this? [more inside]
Back when the bank sold my Line-Of-Credit to a collection agency it was 16K, now the collection agency says it's 27K which I know is phony interest-rate bullshit. It's been five years. How can I buy it back for much less than 16K, say, 8K? [more inside]
I'm unexpectedly broke. How do I get cash to use now, and a way to pay tuition and living expenses soon -- with the least risk of ending up in this situation again? [more inside]
I have $40,000+ in debt, a bachelors degree in criminal justice, an EMT-B license, a basic computer tech certificate, 4 years of customer service experience as a banquet server, a bad driving history, and one misdemeanor - how can I find a better job than being a banquet server? What can I do to be competitive? Should I attend police academy or not? What are my options - what can I do to improve my life? [more inside]
My student loan company lost a very large payment. Nine months ago. They don´t seem too concerned about finding it and I am at my wit´s end. Help. [more inside]
The good news is that a full-price offer was made (and accepted) on our house within two days of it being on the market. The bad news is that we used almost all our savings (and some credit cards) fixing it up and now we need to find something to rent in 6-8 weeks, which will be difficult without enough available money for the initial rent and deposit. [more inside]
I just found out about SOFI, a company/ service that will let you consolidate your student loans - they solicit other alumni to lend. I am not interested in consolidating my federal loans (want that federal guarantee / public service forgiveness option) but I have two companies now servicing my private loans and think this could be a good option for me. [more inside]
A friend of mine would like to loan me £5000. I would like to accept his offer and do so with a fair arrangement to repay. Help? [more inside]
I've been accepted to the program of my dreams, but I'm not allowed to hold a job while in attendance, and my EFC is higher than my family can afford, so my school-determined need is too low for me to even support myself with loans. Are there any options I'm missing? [more inside]
So I have a question. I am a MPH student and I have found my ideal school. It has awesome faculty who seem really passionate about their work and are focused on helping students succeed. The career services department is also very strong. I want to attend this school because I feel like the professors care, and that they will help me get a really great job after graduation and that career services will also help me leverage my new skill set into a good paying job. I cannot express how great everyone at the school has been to me thus far. I have felt not only welcomed, but that they really want me to attend the school and program. The problem is that this is a private school and VERY expensive. [more inside]
How best to apply for income based repayment for student loans? [more inside]
I have money in need of investment and my sister has student loans. Can I pay them off and then have her pay me a smaller rate of interest? [more inside]
Just found out my credit score sucks, now what do I do? [more inside]
I think I've reached the end of my rope, credit-wise. [more inside]
Should I take out a personal loan to consolidate my credit card debt? Does anyone have any experience with personal loans through Discover? [more inside]
I am trying to purchase a foreclosed house with a homepath loan, but I do not qualify for a homepath loan despite excellent credit. Apparently a conventional loan will not work for the current condition of the home. Can you help me sort out my options in Virginia? [more inside]
My dad is horrible with money. He has lots of debt and for some reason, banks continue to give him loans. He never makes payments and he's always in the red. I've tried my best to keep him from getting credit cards and taking out loans but he's an adult and if the banks keep doing it, there's nothing I can do to stop them. My mother says that I'm going to be responsible for his debt but I have never co-signed anything with him or gone to the banks with him. Is it possible for me to still be responsible? Are there any steps I can take to make sure I won't be responsible? [more inside]
So I'm looking to move from SF to Seattle (in part to save money) - can I get a loan and buy a place? Would that make sense? [more inside]
I'd like to loan someone some money (a few thousand dollars). A friend needs it to finish school, and they don't have any good, low-interest options. I don't mind losing the money and forgiving the loan if they fall into hardship, but it would be a financial blow that I want to avoid; making it a straight up gift from the getgo is not appealing. Is it possible to have a bank or credit union draw up the loan and service it for a flat fee? Any other ways to make the whole thing impersonal, legal, and low-hassle for me, while keeping it forgiveable at my discretion without impacting my friend's credit? [more inside]
Are financial advisers usually expert in student loans? I need an expert but I don't know how to find one. [more inside]
How do you get back a lot of money from someone you loaned money to if they claim they're broke? [more inside]
Could a check cashing / short term loan operation be operated in a more ethical fashion, while still making (what I consider to be) reasonable profits? [more inside]
The only loans I have are student loans, which I'm working hard to pay off. Would it be better for my credit score if I stopped paying them down when they reach $5.00 and then just pay interest from then on? [more inside]
Where can a US citizen get a loan to study at a grad program in Canada (Montreal)? [more inside]
Homeowner needs advice: Bought a house one year ago, loan rates at all-time low, what are the benefits of re-financing my loan? Any disadvantages? I'm clueless... [more inside]
I have lost my job, and I want to use some of the money in my 401k to pay my bills, but not all of it. I would like some details about the next steps, if you have experience with this. [more inside]
Please school me on student loan debt consolidation. [more inside]
A week ago I got mail stating that Citi had sold half of my student loans to Discover. I went to make my loan payments the other day to find that my minimum amount had more than doubled. [more inside]
Is anyone else frightened at the apparent ineptitude, lack of transparency and otherwise confusing Direct Loan repayment system in the US?
My loans have been transferred and split at least twice, usually without notifying me. There used to be a fairly easy to navigate website, but now that they are shared between myedaccount and edfinancial, or not. They are unable to give me clear answers. And now it's impossible to even find my full payment history online. I'm not sure if I'm looking for advice or to be held. Is anyone else experiencing this?
Are private school loans a good option for me and my professional master's program? Any other suggestions?
Are private school loans a good option for me and my professional master's program? Any other suggestions? [more inside]
Loaning money to friends is a bad idea... right? [more inside]
I need some help with student loans. I took loans out in 2008 and 2009. Two subsidized and two unsubsidized. Now I'm on half-time school deferment and I'd like to take advantage of this! [more inside]
Should I just pay off my student loan? I owe $4800 for federal subsidized/unsubsidized loans. I have a three month grace period and already paid off $700. The thing is, I have $6000 in my bank, and if I pay off my loans, I'll have about $1000 (enough to keep my bank from charging me minimum balance fee) and also qualify for food stamps. The food stamp would really help because I have physical illnesses that keep me on a strict diet, and I don't see myself going desperate only with a $1000 now that I have a job that fully pays my rent. I don't really need $6000 for anything. It pretty much just sits there. [more inside]