|
remigious posted:For some reason, when I log in to try out the calculator it thinks I have zero loans, which is obviously not true. The fsa and studentloans.gov sites piss me off to no end, nothing ever works correctly. Every year when I recertify for the IBR plan something goes wrong! I never actually log in, I manually add loan types/balances so I'm not familiar with the login.
|
#
¿
Jul 4, 2017 20:26
|
|
|
|
| # ¿ May 14, 2024 17:30 |
|
|
Pay minimums on all of them, put extra to unsubsidized. I believe that when you start school again the subsided shouldn't accumulate more interest
|
|
#
¿
Aug 24, 2017 23:25
|
|
|
First step is, are they Federal loans or private loans, and what is your timeframe for paying them off?
|
|
#
¿
Sep 29, 2017 14:48
|
|
|
If your employment is stable and you plan on paying them off and not getting forgiveness then refi for a lower rate and save some money. If employment is stable and you think you might need fedeal loan protections then don't refi.
|
|
#
¿
Oct 6, 2017 17:01
|
|
|
Evil SpongeBob posted:Anyone know how long public service employment verification takes? I submitted my employer verification, but have heard nothing. Their faq page doesn't say. Did you mail it or submit it online? Mailing took a month or two, online submission took a few weeks
|
|
#
¿
Oct 19, 2017 14:23
|
|
|
Oh uhh good luck! You can try giving them a call
|
|
#
¿
Oct 21, 2017 05:44
|
|
|
Never been able to take it because I'm MFS 
|
|
#
¿
Nov 3, 2017 00:06
|
|
|
Grump posted:Who the hell do i talk to about possibly getting lower rates for my student loans? There are companies that refi student loans. The first step is knowing what kind of loans they see. Are they private loans? Are they Federal loans? If they are Federal, are they subsidized or unsubsidized? Federal loans have some protections that private loans don't have. If the loans are private then I would definitely try to refi. Here is s list from nerdwallet about companies thst refi student loans. https://www.nerdwallet.com/refinancing-student-loans
|
|
#
¿
Dec 27, 2017 15:25
|
|
|
Grump posted:Sorry. I edited the post right before you replied. Ya if they are private there's really no downside to refi. Just make sure there's no origination fees, which there shouldn't be. I refi d some private loans and dropped the interest from 9.8% to 6.25%, and that was with kind of a bad credit score (680 I think) and a lower income
|
|
#
¿
Dec 27, 2017 15:43
|
|
|
I won't be able to help you there, unfortunately. I'm not familiar.
|
|
#
¿
Dec 27, 2017 15:54
|
|
|
That sucks. Vacations are fine, as long as you are on a payroll when the payment goes through. Unfortunate timing in the job switch.
|
|
#
¿
Feb 6, 2018 17:55
|
|
|
It is hard, what helped me was looking at interest amounts if I paid the minimum vs paying it off early. If I paid minimum I'd be paying 30k in interest. By aggressively paying off the loan I'll only be paying 4.5k in interest. I'll have that extra 25.5k in my pocket for the future instead of it going to interest. E: using a 60mo (5 year) repayment on your loan and a 6.25% interest rate, you will pay 4.1k in interest. If you pay it off in 12 months you will only be paying 850 in interest. An extra 3.2k in your pocket isn't bad. Ee: make sure you do budget in some money for fun/gadgets! You may not be able to get everything you want, but being able to get those few things you'll get a lot of use and enjoyment out of is important to maintaining your sanity The Slack Lagoon fucked around with this message at 21:04 on Feb 7, 2018 |
|
#
¿
Feb 7, 2018 21:00
|
|
|
I did a refi through citizens. Got a decent rate. Their website for payment and loan details is good enough. I bank with citizens so I got a rate discount.
|
|
#
¿
Mar 5, 2018 05:25
|
|
|
I do married filing separately for ibr because that only counts the income of the borrower. Not sure about repaye, our loan is ibr(? I think? I know it's not repaye)
|
|
#
¿
Mar 12, 2018 19:00
|
|
|
Sub Rosa posted:How does one go about getting income based payments changed when one loses a job? Or other situations where current income is less than previous year's tax returns indicate? Call your servicer and you can get ibr recalculated. It can take a few months for new payment to go through
|
|
#
¿
Mar 12, 2018 19:44
|
|
|
drat Your Eyes! posted:You have to recertify every year and they recalculate your payment each time based on updated financial info, so she won't keep her same rate. My wife and I are in a very similar situation. We filed separately federal, and jointly for state (Massachusetts). Feds (for now) don't care about state filing. Not sure if ca requires same filing as fed, MA does not We might pay a bit more in taxes but it far outweighs the 3000 extra in student loan payments we would pay if we filed jointly for federal
|
|
#
¿
Mar 19, 2018 03:28
|
|
|
Is the IBR calculator broken? I can't get it to display any estimated payments. I'm going to assume DeVOS!!!!! https://studentloans.gov/myDirectLoan/mobile/repayment/repaymentEstimator.action
|
|
#
¿
Mar 26, 2018 02:29
|
|
|
I MFS and my wife has loans in PSLF and I have none. If we filed jointly the payment would go up by like 5x Might make sense to get divorced just for student loan payments... gently caress our education funding
|
|
#
¿
Mar 26, 2018 17:36
|
|
|
Residency Evil posted:So in my situation, if I'm doing IBR and she's not: This is what we do. The most annoying piece is not being able to contribute to a Roth IRA, and not being able to take some deductions (student loan interest deduction)
|
|
#
¿
Mar 26, 2018 19:26
|
|
|
Residency Evil posted:Why can't you contribute to a Roth? MFS
|
|
#
¿
Mar 26, 2018 19:51
|
|
|
For us we end up paying a bit more in taxes but less in student loans - and net we pay less total because of this. Our situation is: incomes roughly equal, and only one of us has loans. I'm not sure how the maths work if both people have PSLF eligible loans because it wasn't useful to me personally. And yes, I could do a backdoor Roth, but I have a rollover IRA - would I have to backdoor that into a Roth to be able to do trad IRA -> bd Roth?
|
|
#
¿
Mar 27, 2018 03:40
|
|
|
SiGmA_X posted:Or move the rollover into a 401/403. Can I move it to a 457? Don't have a 401 or 403 now
|
|
#
¿
Mar 29, 2018 18:48
|
|
|
Drone posted:Answered my own question on whether or not the Wells Fargo portal already has the estimated date of the final statement. At minimum payments, my two largest WF loans (each around 11k and at 8.25% and 8.74% interest respectively) will be paid off by September of 2025, while the two smaller WF loans (each around 4.5k) will be finished in January 2022 alongside my Navient stuff. You could look into refinancing those private student loans - the interest rates are pretty high. I was in a similar situation to you, refinance the private loans, and dropped the interest rate by about 3.5%. if you have an okay credit score and/or a willing cosigner you could see a decent reduction in interest. Do not refinance federal loans to private loans though! Except for a very few edge cases federal loans should be kept as Federal. As far as the federal loans goes, if you DO want to pay off a smaller one as a kind of accomplishment goal, I would personally lean toward the unsubsidized one (you should focus on higher interest loans as the other poster suggested). If you wanted you could also do a direct consolidation of your federal loans - this combines them all into a single loan (kind of). The interest rate will be the same as before (rate is weighted by balance and rate of all loans). When I consolidated federal loans the subsidized and unsubsizidez we're consolidated separately, so you might have 2 consolidated loans (better than 10 I suppose). The direct consoidation is done directly through the DOE .gov website, do not use a third party to do a federal direct consolidation
|
|
#
¿
May 21, 2018 15:37
|
|
|
Dr Christmas posted:My sisters and cousins and I all just received a lot of money from the sale of a recently deceased uncle's house. It's more than enough to pay my entire student loan balance, and I'd still have much left over. I don't think there's anything else pressing to spend it on. Is this a good idea, and is there anything else I should try or do before I make the payment? Navient services my loans. What is the interest rate? If it is the highest interest debt you have that is probably the best use
|
|
#
¿
May 21, 2018 18:24
|
|
|
PSLF cert was processed. 2 years down 8 to go!
|
|
#
¿
Jun 7, 2018 14:17
|
|
|
MY ABACUS! posted:I'm on income based repayment for most of my loans, but have a private loan that is killing me. Do you mean that money you have in savings put towards a student loan? As long as the income was declared and taxed through IRS doesn't care, and for IBR it depends on your previous tax year AGI, so it shouldn't matter for IBR. I did something similar with a mix of federal and private loans. Federal are on IBR and I put extra payment toward the private loans. It's not a terrible idea, considering the private loan probably had a higher interest rate
|
|
#
¿
Jun 12, 2018 18:11
|
|
|
When I paid off a loan I called the servicer and they said a letter would be sent in 45 days to make sure no other payments came in
|
|
#
¿
Jun 21, 2018 20:13
|
|
|
Anyone have an idea of how long it takes for idr to recertify? Filled out the application on studentloans.gov Never really got confirmation that it was submitted, but it is grouped in with "completed idr applications" with the 2017 application from last year. I believe current idr ends in January, so the first new payment would be February. I submitted it the same day FedLoan sent a reminder. Should I call FedLoan to confirm they received the application?
|
|
#
¿
Sep 26, 2018 13:06
|
|
|
My wife has some loans and works for a nonprofit. So far we have 27/120 payments certified (idr payment, working for a nonprofit, direct consolidation loans). I'm hoping it stays fairly straightforward since so far we haven't encountered any big hurdles. We did submit the new idr application a few months before it will kick on, and they said they will process it like 30 days before the new payment will kick in, and 'let us know if there are any issues'. 30 days is a real loving short period of time for a payment to be recalculates if there is an issue
|
|
#
¿
Oct 10, 2018 03:36
|
|
|
We've been saving my wife's paystubs (downloaded from adp website). I read somewhere to do that but I'm not sure where. At the very least it will help with proof even beyond annual certification. It really is a huge pita, but worth it to deal with since otherwise there is no way we could pay off the loan in a reasonable timeframe
|
|
#
¿
Oct 10, 2018 13:59
|
|
|
Jesus loving Christ my wife took a course as an alumni at our grad school and the school reported to dep of Ed that she is enrolled in school and get loans were automatically put into deferment so oh cool not unpaid interest will probably capitalize when they are taken out gently caress this God drat loving country
|
|
#
¿
Oct 24, 2018 13:21
|
|
|
Tyro posted:Yeah that happened to me when I filed my first PSLF notification form and my loans were moved over to Fedloan. Like $20k or so in interest capitalized. And they still refuse to credit one of the payments I made during the transition towards PSLF. Assholes. Yeah she is on track for pslf so any payment made during deferment doesn't loving count I am so loving mad right now and my grad school is never going to get a penny in donations out of me
|
|
#
¿
Oct 24, 2018 13:36
|
|
|
Yeah, going to be calling everyone today. Huge loving pita. And ibr is suppose to recalculate next month too so I'm sure this will gently caress it up as well and they'll want the full payment or some bullshit
|
|
#
¿
Oct 24, 2018 13:50
|
|
|
Can't wait for the socialist uprising Socialismo o muerte
|
|
#
¿
Oct 24, 2018 14:10
|
|
|
They're digitial
|
|
#
¿
Oct 25, 2018 19:41
|
|
|
EAT FASTER!!!!!! posted:I made most of my IBR through Great Lakes (great company, honestly) but as soon as I was approved for PSLF, my loans were transferred to FedLoans. They're not a great servicer, it's unfortunate, but they're the servicer that was selected to apply PSLF. This is correct. They aren't the best but if you stay on top of your stuff and call them to talk about any issues they are okay. I think with most student loan issues people have it's mostly that people don't pay attention or take care of the things they need to, and it causes issues.
|
|
#
¿
Nov 6, 2018 14:50
|
|
|
Is your job with a private company, non profit, or government? Keep in mind if you do the 25 year payment you will have to pay taxes on the forgiven amount, and may end up paying significantly more on the the loan than working to pay it off, considering your income level. You'd have to run some numbers on that to see how it might come out in your favor
|
|
#
¿
Nov 27, 2018 14:47
|
|
|
UCS Hellmaker posted:We used citizens and it was pretty decent and simple. Refinanced horrid Wells Fargo loans and got a 6.5 interest rate (from a 9.6 and an 11.4!!!!) Which puts it under the Federal loans. Sofi is more stringent on requirements to be approved I've seen is all. They wouldn't accept us even with a solid work history, pay and entry into the medical field this year for my wife. We used citizens as well and it was pretty good
|
|
#
¿
Feb 12, 2019 17:42
|
|
|
I just want to take a second to bitch about how IBR acrively encourages people to not get married. I'm married and we MFS for IBR reasons, but if you MFS you can't claim student loan interest And if we MFJ the loan payments would increase by more than 5x
|
|
#
¿
Feb 14, 2019 17:14
|
|
|
|
| # ¿ May 14, 2024 17:30 |
|
|
Stool Sample posted:Hello! If you're working directly for the government your job will likely qualify for PSLF forgiveness with some conditions. Check with HR and see if they have any info on PSLF. A few things to keep in mind 1) PSLF is a pain in the rear end to comply with 2) Your loans will continue to accrue interest if your IDR payment is less than the interest 3) The program is on kind of shaky ground 4) Only certain federal loan types are eligible (private loans are never eligible) Depending on how much you make and the balance of your loans it may make sense to pursue PSLF, but if you make a decent amount and your loan balance isn't too high it might make sense to just pay them off. If you want more info or help navigating PSLF let me know - I might be able to help with my experience navigating the system.
|
|
#
¿
Apr 1, 2019 21:34
|
|