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Thanks for the thread.
The March Hare fucked around with this message at 20:21 on Aug 14, 2007 |
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Jul 26, 2007 15:54
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| # ¿ Apr 29, 2024 07:14 |
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Hi thread, I've got some student loans I've basically been ignoring for a couple of years that I'd like to stop ignoring now that I'm not insanely poor. I have about 25k in loans w/ Navient that are currently in IBR because I was once an irresponsible and unemployed youth. I just got an email today letting me know that the payment amount would be increasing by about $30 (to about $280/mo total on the 25k) and that this will be the most I ever pay under this plan. None of the loans has more than $1.50 in unpaid interest, if that matters. I've been tossing a couple of hundred additional dollars a month at the highest interest rate loans for the past few months, and am just wondering if I should be switching over to standard plan and continuing to do this or if it doesn't make much of a difference. There's all sorts of scary words on the Navient website about how switching away from IBR will set my house on fire and drown my first born child and poo poo but I assume that switching out of IBR just results in me paying less money to them and so they're just trying to scare me out of making a reasonable decision (because they are evil).
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Sep 29, 2017 14:56
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Ancillary Character posted:They put that scary language there for the people with a lot of unpaid interest that would capitalize once they get off IBR. That makes sense, when I started writing the post I actually didn't know how my interest looked. My concern, which I guess I lost in the midst of posting, was that maybe some of my payments under the IBR weren't paying off interest and so, in moving away from IBR, I might have auto-shifted my minimum payments such that I was always at least paying interest on all loans, thereby enabling me to more easily keep interest down while paying off my highest rate loan with the extra cash. I guess I'm in an OK spot though, so that is good. I'm not sure which plan would be lower, because I can't figure out how to get those kinds of numbers from the Navient website. I'll figure that out and switch based on that, while trying to keep my total payments around $600/mo which should have me on a pretty happy track for repayment.
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Sep 29, 2017 15:38
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Hi thread. I got a call from a collection company claiming they have one of my student loans a couple of weeks ago. Evidently it was given to me by the school as part of my financial aid for one semester in 2010 and was only $1,500. I had no idea about it because, like most kids, I just signed on whatever to keep going to college and assumed that I had been doing the right thing paying all the loans that MEFA had for me over the years. The school never once contacted me about it and it isn't on any of my credit reports as far as I can tell (neither in collections nor in my account history). I'm cool with paying it, obviously, but the provider has tacked on "creditor fees" that exceed the original amount of the loan which seems insane to me. Is there anything I should/could do about any of this? The loan was given out in MA in case state laws have anything to do with it. The March Hare fucked around with this message at 18:40 on Apr 3, 2019 |
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Apr 3, 2019 18:30
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Good info, thanks everyone! I checked nslds and I don't see it there either. I sent an email to the school asking them for more info about the loans at any rate.
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Apr 4, 2019 14:56
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Does anyone who understands how the world works know if PLUS loan forgiveness will be based on the parent or the student's income? Also, do we know how they are determining if you make over $125? Is it just AGI from 2021 taxes or what?
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Aug 25, 2022 15:58
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The March Hare posted:Does anyone who understands how the world works know if PLUS loan forgiveness will be based on the parent or the student's income? Also, do we know how they are determining if you make over $125? Is it just AGI from 2021 taxes or what? NYT updated their FAQ to specify you can qualify using either your 2020 or 2021 AGI for this, which is excellent news for people who otherwise wouldn't qualify but spent much of 2020 unemployed thanks to pandemic.
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Aug 25, 2022 18:28
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| # ¿ Apr 29, 2024 07:14 |
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So I've got the following stuff floating around:code:I just sort of want these things gone. I understand I may be better off paying my minimums and investing the money elsewhere, but my brain is fundamentally broken and I would sleep better at night knowing I don't have this stupid debt looming over my head. If I punch all my info into the studentaid.gov repayment calculator thing it tells me I should sign up for REPAYE and pay ~$1,102/mo. Whatever plan I'm currently on has me paying ~$300/mo I think across both servicers. Am I better off staying on my current plan and overpaying toward my highest interest loans first, rather than moving to REPAYE and spreading the payments out across all of the loans? Also, I assume there's no reason to consolidate these loans right? None of them have any uncapitalized interest on them (other than whatever from this month). The March Hare fucked around with this message at 19:10 on Oct 31, 2023 |
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Oct 31, 2023 17:34
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