140 posts tagged with studentloans.
Displaying 1 through 50 of 140. Subscribe:

Privately Refinancing Federally Consolidated Student Loans?

I have been hearing a lot lately about people refinancing student loans with private companies like SoFi or DRB; do you have any personal experience doing this, and did it successfully save you money? [more inside]
posted by stellaluna on Dec 2, 2016 - 12 answers

Student loan nightmare. Will a Lawyer help?

I'm an American Millennial and I have about 110k in student loan debt (mostly private loans, but some federal). About seven years ago the recession pretty much destroyed any financial stability I had so I threw my hands up in the air and went pretty much off the grid. Now they've found me, and my husband, and my work... etc. So, lawyer? [more inside]
posted by anonymous on Jul 14, 2016 - 25 answers

How to handle insane financial/school situation

I go to a good school on a merit scholarship, but I'm massively in debt because of past mistakes and everything depends on my doing well now. I'm fighting mental health problems, and if my GPA gets below 3.5, I stand to lose everything. [more inside]
posted by anonymous on May 9, 2016 - 15 answers

Consolidation loans for people with bad credit?

I have some private student loans that I didn't pay for a long time (because I didn't have a job). Because of this, my credit is terrible. I would like to pay the loans so the debt collector leaves me and my family alone, but I can't find a consolidation company that will lend to me because of said credit, even though I do have a great job now and over a year of on-time payment history for my federal student loans. My credit is going up, but not fast enough, I guess. [more inside]
posted by woodvine on Feb 24, 2016 - 15 answers

Figuring out when and if leaving job is financially feasible

I work in a public interest/government professional job, which has big advantages for my student loan situation, but may not want to stay forever. I'm also in a field where going into private practice is common. Mathematically, how do I figure out at what projected income level going into private practice would be a financially sound decision? Also interested in any strategies I haven't considered. [more inside]
posted by picardythird on Feb 15, 2016 - 11 answers

Is student loan forgiveness worth taking a job I don’t want?

A Masters degree mistake, huge debt, and a brand new job. Major career questions inside! [more inside]
posted by anonymous on Nov 29, 2015 - 37 answers

How to choose the term on my new loan, considering my other loans.

Financial-advice-filter. I am about to pick up a auto loan and I have a few choices re: rates and term length. Before we get in to numbers, I'm trying to determine what term of loan to take on the lower-interest loan to maximize my money, assuming the same amount of money put aside by me. Thanks for reading! [more inside]
posted by bbqturtle on Oct 23, 2015 - 14 answers

How should I triage my finances right now?

I got laid off. I'm flat-ass broke and unemployed. Which action items should I tackle first as I try to sort through this? [more inside]
posted by revi on Oct 21, 2015 - 19 answers

Is going back to school a mistake I'll regret?

I want to change my career, but I'm not sure the "go back to grad school" advice I'm getting is sound. The idea of tons of student debt (I'm debt-free now) seems unappealing and I have no idea what to study. [more inside]
posted by greatalleycat on Oct 14, 2015 - 15 answers

how to pay for college

Asking for a kid I’ve been mentoring: I’m a Senior this year. I’m the first one in my family to apply to college. If you work in college admissions or college counseling, could you explain how financial aid, student loans and scholarships work? [more inside]
posted by colfax on Sep 10, 2015 - 31 answers

Student loans: feeling the crunch. Suggestions?

I owe $40k in student loans. Not sure of the best way to proceed, so am reaching out for advice. More under the fold. [more inside]
posted by dubious_dude on Sep 1, 2015 - 23 answers

How can I speak to a knowledgable person at myfedloan.com?

Mefites, Trying to help my sister with her Federal student loan payments which are serviced by a group out of Pennsylvania at myfedloan.org. We have gone through multiple rounds of paperwork and hours on the phone with more than a dozen different customer service representatives and managers. Any ideas? Details inside. [more inside]
posted by Kalatraz on Aug 30, 2015 - 9 answers

Old student loans - any options for forgiveness or deferral?

I have significant student loans under Discover Loans and have already exhausted the standard deferral and forebearance options offered by Discover. Are there options to reduce my monthly or overall loan burden over the next several months? [more inside]
posted by kensington314 on Aug 17, 2015 - 9 answers

Why did my student loan payment go up?

I am on income-based repayment plans for my student loans. When I renewed them for this year, one of my loan servicers increased my payment by over $100 per month, even though my income and family size haven't changed. Why? And what can I do about it? [more inside]
posted by Cash4Lead on Jul 21, 2015 - 11 answers

Less money, mo' problems?

In the bigger picture, which masters program will I benefit from most? [more inside]
posted by mild deer on Jun 11, 2015 - 16 answers

What're the smartest ways I can handle my student loans?

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.
posted by anonymous on May 22, 2015 - 14 answers

Strategies for paying down student loans

I have several federal student loans from graduate school. They are in groups according to interest rate (5-8%) and the balance on each varies, from $2500-$60,000. Is there any benefit to proportioning the payment to each group, or strategy for paying them down while making income-based payments? [more inside]
posted by robertthebruce on Apr 25, 2015 - 9 answers

Do student loan repayment plans

My student loans are past-due and I can't afford the minimum payments. I need more assistance for the next two years and I'm concerned I won't be eligible anymore. The loan servicers website offers income-based repayment plans along with other options, but support isn't available to answer questions until next Monday. I'm really freaking out... Can anyone shed some light on the consequences of repayment plans, deferments, and forbearance? [more inside]
posted by isopropyl on Mar 27, 2015 - 11 answers

Advice on Student Loan Forgiveness

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?
posted by NotMyselfRightNow on Mar 16, 2015 - 8 answers

FAFSA--Do I report loan assistance

Parents helped pay off a student loan this past year. Does this need to be reported on a student's FAFSA? [more inside]
posted by soundproof on Feb 19, 2015 - 4 answers

How to Balance Life & Debt?: dating, hobbies, money

My goal is to pay off my large student loan debt, do I need to put life on hold? [more inside]
posted by mannermode on Feb 10, 2015 - 16 answers

Is investing in these mutual funds with this planner a good call?

I visited with the financial planner of my local bank last week and want to know if his advice is generally considered good, since I know he's a fiduciary but also that he does still earn money off his recommendations. Plus I'm a novice at this. [more inside]
posted by vegartanipla on Jan 17, 2015 - 21 answers

How can I decrease my student loan burden? (Healthcare edition)

I work in healthcare, and am currently at a great FQHC. The site is eligible for loan forgiveness. Unfortunately, I won't be able to complete the two year minimum to have a large portion of my debt forgiven, as I am moving permanently overseas. I am likewise unable to do any public service loan forgiveness programs in the US. Are there other options that will give me credit for, say, one year worked at a low-income site? What would be the consequences of moving abroad permanently and defaulting on my loans? [more inside]
posted by pocksuppetteer on Oct 10, 2014 - 5 answers

How to eliminate Student Assistance Corp. from my life?

I do not have any student loans with Nelnet. And yet, I receive telephone calls from the Student Assistance Corporation (evil wrongdoers, as supported on the internet) several times a week. Help me make it stop! [more inside]
posted by miss tea on Jul 24, 2014 - 13 answers

How can I pay down just my unsubsidized student loan?

I have two loans, one subsidized one unsubsidized federal student loans with AES. AES will only allow me direct my payment to both loans in total: they will not allow me to specify what percentage of my payment goes to each loan. How can I fix this? [more inside]
posted by MisantropicPainforest on Jul 18, 2014 - 18 answers

Student Loan default for the second time

I'm 38 and I graduated in 1997. I've defaulted on my student loans twice. Maybe three times? They're direct student loans. I consolidated my loans in circa 2001 and paid on them responsibly for maybe 10 years. I think I messed up again about a year ago and rehabilitated them and got out of default. But now I've failed on that rehabilitation and my loans have been sent to a recovery agency. [more inside]
posted by dchrssyr on Mar 18, 2014 - 8 answers

Student loan lawyer in Phoenix, Arizona?

I've got an unusual set of circumstances involving student loan debt... could really use the advice of a lawyer. Anyone know a good student loan lawyer in the greater PHX metro area?
posted by ph00dz on Mar 4, 2014 - 1 answer

Student loan income % payoff

(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]
posted by Jacen on Feb 15, 2014 - 5 answers

How can I increase income to pay student loan debt?

I have $85k in student loan debt, and need to increase my income so I can pay it off. I need a bigger spoon to eat this elephant. Fishing for ideas. [more inside]
posted by mannermode on Dec 22, 2013 - 13 answers

Explain student loans to a twentysomething!

I'm trying to figure out how federal student loans have changed in the past 5 years, including the Bipartisan Student Loan Certainty Act of 2013. [more inside]
posted by annabellee on Dec 20, 2013 - 3 answers

Student loans sent to collections after no contact?

My friend thought the money she owed a university was being taken care of by her current payments. This weekend someone in her family gets a call from debt collectors. Apparently the financial aid office has been sitting on a lump of debt for a full year, but has only attempted to contact her during that time at a single email address, her old school one. They never sent any letters to her home address, nor called her at the number she's had for years. Now instead of setting up a payment plan she'll have to negotiate with a predatory collections agency. Is there any way out of this mess? [more inside]
posted by BlackLeotardFront on Oct 15, 2013 - 16 answers

How should I be saving for retirement?

As a lower income person, I feel like my retirement planning should be simple, but it still fills me with anxiety and uncertainty. Tell me what, if anything, I should be doing differently. [more inside]
posted by anonymous on Oct 14, 2013 - 16 answers

To Grad School or to Not to Grad School?

I can't afford to go to graduate school. I also can't afford not to go to graduate school. tl;dr galore inside. [more inside]
posted by anonymous on Oct 3, 2013 - 20 answers

Federal Direct Loan repayment & the IRS

What are the potential consequences or complications of paying off your student loans all at once, "in cash"? [more inside]
posted by désoeuvrée on Oct 2, 2013 - 10 answers

How bad are these debt problems?

YANM financial advisor. My domestic partner has a large student loan that has been in default for years. Like many in the current economy, he was unable to make payments for many years after graduating (at least 5) due to lack of steady income. Now he has a Good Job (yay!) and could afford to make payments, but it's been almost 2 years now and he hasn't made progress on dealing with the debt. How bad is this? [more inside]
posted by anonymous on Aug 21, 2013 - 4 answers

Future mapping -- what do I do about school.

I'm 29 and finally ready to attend college for the first time. A year ago, I fixated on a program (up-and-coming) and a school (local, private, VERY well-regarded). Since last August I've been admitted, laid off, rejected for loans, hired, rejected for *more* loans. Last week I came to terms with not attending this September. Today I was unexpectedly approved for more aid that will almost cover my tuition (but none of my living expenses). Orientation starts in two weeks. [more inside]
posted by itesser on Aug 19, 2013 - 14 answers

Using student loans to pay credit card debt, grad school edition

My partner and I have about $8k in credit card debt, built up over the last 10 years of undergrad followed by underemployment. I'm starting graduate school in the fall, with a fully-funded research assistant position and tuition waivers. I am thinking about borrowing ~$10k of the federal direct student loans I've been offered in order to pay down the credit card debt. What should I be considering? [more inside]
posted by anonymous on Jul 30, 2013 - 13 answers

How to stop a collection agency from calling on a loan it doesn't own?

My girlfriend is continually being called by a collection agency, NCO Financial, on a student loan that we don't think they actually have the rights to collect on. How can we get them to stop attempting to do so? [more inside]
posted by Carillon on Jul 26, 2013 - 12 answers

Plan B/In the Meantime career advice

I wasn't selected for military officer training school. Help me design my Plan B/In the Meantime career while I apply again. [more inside]
posted by mannermode on Jun 16, 2013 - 9 answers

Combining married finances - is it wrong to want to pay my own debt off?

So, I feel like a weirdo because I've discovered that though my husband and I, who are recently married, still keep many of our finances separate, most other couples combine everything. Friends who I've discussed this with think it's strange that I am paying off my own student loans instead of it coming out of both our incomes. I think combining everything is a little strange and uncomfortable, and I feel like I should be responsible for my own debt. Are we going about things completely the wrong way? [more inside]
posted by emily37 on Jun 11, 2013 - 69 answers

How can I pay for my summer class?

I need to take a summer course as a pre-requisite for professional school. Course will not count towards a degree, deeming me ineligible for stafford loans. What are my student/personal loan options? [more inside]
posted by DayTripper on May 6, 2013 - 7 answers

Student loan woes

My ex-fiance co-signed a student loan for me. He understandably wants out. Other than taking out another personal loan with a much higher APR, do I have any other options for paying off the remainder of the loan? [more inside]
posted by pintapicasso on Mar 24, 2013 - 25 answers

How is interest that is calculated daily accrued on large loans?

Making student loan payments stirred this question. I am trying to figure out a few things, specifically surrounding 3-day loan payoffs, payments that are scheduled but not withdrawn immediately, and interest that accrues in the meantime. [more inside]
posted by occidental on Feb 28, 2013 - 7 answers

My new student loan servicer is boggling my mind

My loans were recently transferred from Direct Loans (the government) to a private servicer (VSAC). I am almost sure that someone somewhere made an error, because my new bills are blowing my mind. I was silly enough to throw away my old payment receipts. Who do I call to get my old records of payments and to make sure the new people aren't messing up my account? [more inside]
posted by mermily on Feb 4, 2013 - 9 answers

Debt-free or bust: maybe I wanna bust

I currently have a high paying desk job, but want to live free and make art. Should I save my money or aggressively pay down my student loans? [more inside]
posted by Miss T.Horn on Jan 23, 2013 - 14 answers

How can I find debt counselling for my student loan debt?

How can I find debt counselling for my student loan debt? I've heard of debt counselling for other kinds of debt. I'm looking for someone who knows the ins and outs of the byzantine student loan bureaucracy in Canada. [more inside]
posted by fullerenedream on Jan 6, 2013 - 4 answers

My sister co-signed a student loan. The debtor won't pay anything, and she has now been paying $200/mo for five years. Does she have any recourse?

Ten years ago, my younger sister, at age 18.5, co-signed her then-boyfriend's student loan. He defaulted almost immediately. The creditors were after her for years, threatened wage garnishment, she negotiated with them and finally started paying them five years ago. She has now paid it down to 30k. The $200/month payment for her ex's student loans is a pretty significant fraction of her income. Is there anything that she can do legally or is she just stuck with the debt? She recognizes what she did was dumb, and that she is legally responsible for what she did. [more inside]
posted by anonymous on Jan 5, 2013 - 31 answers

What is on my roadmap for a Top 20 MBA program? And how do people pay?

What is on my roadmap for a Top 20 MBA program? And how do people pay? [more inside]
posted by jander03 on Nov 27, 2012 - 16 answers

Will slowing down my loan payments help my credit?

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]
posted by brenton on Nov 9, 2012 - 18 answers

Help us wrap our college-educated minds around our student loans.

Please school me on student loan debt consolidation. [more inside]
posted by furnace.heart on Sep 19, 2012 - 3 answers

Page: 1 2 3