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I'm going into my 6th (and final) year of my PhD next year. My program only offers support for 5 years, so I'll be without a stipend or tuition waiver. I'm a US citizen, so I can just register for 3 credit hours in the summer/fall and 1 credit hour in the spring to minimize my costs. What are my options for basically paying for living expenses next year? (Tuition/fees will run about $4k in summer/fall and $2k in the spring) I have $25k in subsidized direct and non-direct Stafford loans that will presumably go into repayment once I'm no longer a full time student, but I might be able to ask for deferrment (the servicer is Great Lakes?). I'm already taking on a short summer session course for $5,000 (typically taught by an adjunct), but given that PhD students are required to teach, there won't be any demand for me to teach in the fall/spring with the younger PhD students' obligations. I just filled out my FAFSA and I'll be applying for "financial aid" from my school once it's processed, but it will probably be in the form of unsubsidized federal loans. I have about $10k in savings, but some of that is earmarked for interview expenses and I'd generally like to avoid using it.
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Apr 30, 2013 04:44
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| # ¿ Apr 29, 2024 01:38 |
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I have $12,750 in direct Stafford subsidized and $12,039 in Stafford subsidized loans originated between July 2007 and June 2010 during grad school. I'm now in repayment because I'm taking less than half-time load, but I'm actually still finishing my PhD - I'm not longer getting a stipend so there's no point to taking more credits than necessary to maintain student status. My loans are serviced in part by Sallie Mae (2 loans) and in part by Great Lakes (2 loans). My questions are: 1) Can I get some kind of deferment because I currently don't have income/am a student, even if not full-time? 2) The interest rates for all 4 loans is 6.8%. Surely there's something I can do about this. Josh Lyman fucked around with this message at 14:26 on Sep 6, 2013 |
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Sep 6, 2013 13:54
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Ancillary Character posted:You'd have to find a private lender who could consolidate your loans at a lower rate, but then you run into all of the problems of private loans.  Wiggy Marie posted:As Ancillary Character said, the 6.8% is fixed. You can try to consolidate with a private lender, but due to the repayment schedule differences I would highly, highly recommend against it. edit: On second thought, there's not much interest reduction on a $25,000 principal. Josh Lyman fucked around with this message at 14:39 on Sep 14, 2013 |
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Sep 14, 2013 14:34
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Josh Lyman posted:I have $12,750 in direct Stafford subsidized and $12,039 in Stafford subsidized loans originated between July 2007 and June 2010 during grad school. I'm now in repayment because I'm taking less than half-time load, but I'm actually still finishing my PhD - I'm not longer getting a stipend so there's no point to taking more credits than necessary to maintain student status. My loans are serviced in part by Sallie Mae (2 loans) and in part by Great Lakes (2 loans). My other loan is currently in a grace period and goes into repayment in February, so they said to call back when that happens to put that one in forebearance as well.
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Sep 19, 2013 01:29
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I have 2 subsidized Stafford loans serviced by Great Lakes and owned by DOE. I also have 2 subsidized Stafford loans serviced by Navient that somehow became owned by Navient so they weren't eligible for coronavirus deferral. It seems like I don't get any benefit even though they're still federal loans. Were those Navient loans formerly owned by DOE? If they were sold to Navient without my consent, does that mean my Great Lakes loans can also be sold and become ineligible for future relief? The Slack Lagoon posted:Okay, so Trump's EO pausing student loans... I can only imagine how this is going to gently caress with PSLF eligibility and calculations.
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Aug 12, 2020 23:22
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Wiggy Marie posted:It might be that the Navient loans are FFELP loans instead of Direct, since it looks like CARES only impacts the federal loans owned by the DOE (which would be Direct loans). When are they from? Also, can anyone confirm this? Great Lakes will also no longer be able to service student loans starting in November so that worries me. Thanks Betsy.
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Aug 13, 2020 11:05
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This is interesting: https://twitter.com/WinterForMT/status/1325171295017861124
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Nov 9, 2020 08:37
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Wiggy Marie posted:https://twitter.com/CNNPolitics/status/1351873618406494208?s=19 My federal loans somehow owned and serviced through Navient are not. 
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Jan 20, 2021 18:05
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Wiggy Marie posted:That's awesome!
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Jan 20, 2021 18:57
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From the WaPo article about this: “Although tens of thousands of people have applied for forgiveness to date, just over 16,000 have been successful.” What a joke.
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Oct 6, 2021 14:33
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Aexo posted:Navient agrees to forgive $1.7B in student loans for about 66,000 students loan borrowers. Josh Lyman fucked around with this message at 15:20 on Feb 5, 2022 |
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Feb 5, 2022 15:17
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A question about PSLF. I’ve been working for the federal government for the past 4 years but never bothered to apply for the program because I didn’t think I would be in public service for 10 years. My question is, do I need to apply to the program now or can I wait until I’m approaching 120 payments? In either case, would my 4 years of payments count? My 2 remaining loans are Stafford loans owned by the Department of Education.
Josh Lyman fucked around with this message at 19:57 on Mar 22, 2022 |
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Mar 22, 2022 19:54
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Annath posted:How do I go about figuring out who actually services my loans now? It’s possible your previous credit card has expired. My payments are drawn from my checking account, presumably because charging a card would’ve incurred a fee.
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Dec 18, 2023 17:20
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| # ¿ Apr 29, 2024 01:38 |
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Sometimes I feel bad I didn’t sign up for the PSLF bonus stuff during Covid, but my loans will be paid off (mostly by work) this calendar year and I’ll only hit 6 years in government. Unless they were going to count my 5 years as a PhD student when I was technically an employee of a public university (though probably not considered full time) plus a bunch of years working on-campus jobs during my undergrad and masters, also at a public university.
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Jan 17, 2024 06:45
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