FASFA is only offering 5,500 per year, however cost for school will be between 12k and14k per year. I don't want my parents to take out a direct plus loan and the school I'm transferring to is currently not offering scholarships to me. Is there a good private loan I can take if I have a cosigner? submitted by /u/FancyJob704 [visit reddit] [comments ..read more

Hey all, I have the opportunity to take out subsidized loans, and from what I understand, interest doesn’t take affect until at least six months after I graduate college. I don’t particularly need the money, so is it worth taking them out, paying my tuition with them, and then investing my own money by putting them into a HYSA, and then pay the loan before it accrues interest? submitted by /u/StaySaucey_ [visit reddit] [comments ..read more

For some reason my student account has under its tasks "loans in bankruptcy status". Ive enrolled for a master's program next semester and I'm soon graduating from my undergrad. I logged into my account for my master's and saw that on the to do list. It says: "The National Student Loan Data System (NSLDS) indicates you have one or more student loans in active bankruptcy status. Before you can recieve additional federal student loans, you must see your Financial Aid Administrator." I don't understand... I have not yet been required to make any repayments...I logged into my loan account and eve ..read more

My oldest child goes to college in three years. She has less than $20k in college savings. It feels like nothing, probably not even her first year, but it's partly to protect us from taking out parent loans because she's the oldest of four and we'll have kids in college for 12 consecutive years, and I'll be at retirement age when our youngest finishes so we don't have room to take on more debt. I want to hear your experience and I'd love to hear your advice, especially if it begins with "when I was 15/my kid was 15, I wish I had done..." submitted by /u/Feeling-Carry6446 [visit reddit] [comm ..read more

Just checked my Aidvantage account expecting nothing, I checked it only a few hours ago. $67,000 is paid and gone! No more loans!! 26 years for my oldest loan. Yay? Wish I could share a screenshot! submitted by /u/thatgirlcharity [visit reddit] [comments ..read more

Studentaid.gov says my application has been processed but I can't see where on Mohela's website that it has or hasn't been approved, only that I don't owe any payment this month. Do I need to contact them directly for this info, or is it some obscure page I haven't found yet? submitted by /u/Yar_Yar_Binks [visit reddit] [comments ..read more

Recently found this sub and just had an issue happen to me with Nelnet so wanted to provide some word of caution, and will preface with the tl;dr. Tl;dr: Have Nelnet as a servicer on Great Lakes Parents Plus loans that transferred over to Nelnet after Covid forbearance ended. Found out this week via surprise they put my loan in a temporary forbearance this month for a consolidation which I did not authorize. Dropped my payment from ~$800 down to $400 on 3 of the 9 loans I have with them to increase the term to 25 months, Please keep an eye out on your loans with Nelnet. Background: Parents+ L ..read more

Here's a summary of the events. Applied to SAVE on September 15 2023 In September 2023, after applying to the SAVE plan, the agent I called informed me it would take at most 45 business days to process the application. After 45 business days, I was informed it would take another 30 business days. Okay. Nelnet kept applying administrative forbearance to my loans, gaining interest with each passing day. After over 120 days, in January 2024, I escalated the call as I have gained tens of thousands of dollars in interest without any written or email communications from Nelnet on the status of ..read more

I have gotten a few letters saying I need to make a payment - but every time I log into the website it says I have $0 payments or accounts due...I want to believe I'm just that lucky, but c'mon no one is that lucky submitted by /u/Hernamewas_potato [visit reddit] [comments ..read more

My opt-out date was today, and I believe most if not all of us had the same date. We've made it through those three weeks, now it's time to wait for our accounts to zero out! I looked over the previous golden email threads and it seems like they zero out anywhere from same day to a month later. Fingers crossed it's expedient for all of us! Please share your experience if you see your account update! submitted by /u/junepath [visit reddit] [comments ..read more