Sorry about the picture quality in advance.

I’m doing an application for an IBR Nelnet sent me the application I filled it and uploaded then I saw I can apply on the government education portal.

My taxes aren’t available so I uploaded a pay stub. Is the government IDR and Nelnet IBR? I know with trump IDR is likely gone anyway.

Is the Nelnet and Government application the same thing? I want the lowest possible.

275k in loans split down the middle between federal and private. My father encouraged me to take out private loans at a variable interest rate to go to a state school at sticker price. I'm employed as a new lawyer but do not make much money. It's hard to make a decent living without the requisite experience. I do not know what to do. It genuinely makes me suicidal to think about. What is my quality of life going to be like if most of my income is eaten up by loans. I have 5k in savings that will absolutely be depleted within a few months. I don't know if I am capable of handling this.

Hello!

I’m not sure what IDR plan I switch to. My PSLF counts are currently at 109 with 8 waiting to be certified by my employer. This puts me at 117.

I’m currently in forbearance for SAVE like many others here but am just wanting to get my last few payments over with.

Before SAVE, I was on IBR. My husband and always filled taxes separately due to this but COVID and all the forbearances has had us filing taxes together for the last few years even though he and I keep our finances mostly separate.

I have $30k left in my loans, he has about $100K. We have two dependents.

He recently switched to a commission based job is currently not earning any money which I feel like puts me in the category of a financial hardship but I just literally have no idea what to do.

Any advice is appreciated!

So unfortunately I had to go private for my loans. I currently pay $765 a month and it’s KILLING ME. What is a reliable company to use to refinance? I’m not concerned about loan forgiveness anymore, let alone the fact that it’s a private company.

I have also contacted them a few times asking about changing my rate but there hasn’t been anything they can do for me.

Thank you!

My total student loan is saying I owe £48,000 with £1,800 of that being interest. I reviewed the payments I received from the government both tuition and maintenance and it came to around £40,500.

Does anyone know why this might be the case? Planning to phone up but thought I’d ask on here before waiting hours in a queue

My husband has over $65k in student loan debt from going to law school. He has mental health issues preventing him from being employed as a lawyer. He has a simple, low-paying job that is low stress. He can work but only in a low stress environment. My question is, can he apply for disability forgiveness? And does anyone know anyone who has had success with this? Any tips?

Hi all! My TPD was moved to APPROVED 🎉🤗🙌🏻😭 yesterday and of course the full balances are still showing on Mohela and FSA. I understand this takes a while to reflect $0 if dive understood correctly.

Do I need to send them paperwork or the 3 credit bureaus paperwork or should this eventually happen? I just want to make sure I cover all my bases. Thank you all so much!

I need advice. Bad.

SOME BACKGROUND

• 20 F
• Freshman(?) in college
  • Biological Sciences Major(neurology and behavior), Business Administration Minor
  • 3.14 GPA(until I take math again Cs get degrees too lmao)
  • I actually went right out of high school but I was miserable in my major choices so the first 2 years went down the drain. My job paid for it all though so I haven’t got any debt.
  • My current job gives me a full ride on tuition(nothing else).
• Full time working and studying
  • I take care of myself because I haven’t got anyone to ask for help…or advice that’s why I’m here
  • My job doesn’t cover time off in the time spans that I’d need to pursue an internship or study abroad so I’ve go no choice but to quit. That trick is should I quit with all my tuition left or half?

Edit: simpler cuz im confusing ppl

I have an interview lined up at another job where i’ll make 5k after taxes instead of my current 3k. I want to know if i get the new job, should i

A) quit my current job and save the 2k in extra income for a while then switch to start a hustle of sorts. Then quit the new job do some internships/abroad experiences while living off my savings of even the hustle a bit if im lucky and go to school on loans(80k for 4 years).

B) plan A but wait 2 years with half the loans(40k for 2 years)

C) Grind it out at my current job and worry about experience after I graduate(0 debt but no experience)

The reason im considering this is cuz I need the internships and abroad experience to have something other than a degree with not applicable skills on my resume right?

And yes ik starting a hustle isnt easy but idgaf cuz if i only did things cuz they were easy i wouldnt be in college now would i?

I was doing online schooling in 2021 and got a loan for $4900.00. That year my grandson was born, and when he was a week old, his parents, they have addiction issues, and left him with me on a regular basis and I could not even focus on my studies, even tried to negotiate for 3 dedicated days where I can get my studies going and catch up on what I needed to and do my exams, needless to say I ended up contacting the school and had to withdraw from the course. I didnt even get started. That year I was also put on permanent disability, my son and his wife lost custody of their children due to their lifestyle and with what was happening, I forgot to contact and get it all figured out. I have since had to flee from my hometown. My whole financial situation changed, and now I receive 1000.00 a month from disability, and all of the credits are being taken, it is putting me in a very bad hardship situation.

I know that was a book, I am super sorry.

Helped my SO refiance their student loans with company A, company A sent 5 checks to company B, company B during the refinancing sold the loans to company C. Company B confirms the checks from A were received and has dates that they sent checks to Company C who is now the owner of the loans. Company C received only 4 checks.

We've called all the parties involved multiple times, no one's willing to reach out to any of the others and no one's willing to take responsibility, all of the companies have opened "investigations" of some kind into what's happening but this is a very substantial amount of money that is currently accuing interested.

We're going to file a complaint with the CFPB but what's the next steps? Were reaching out for free legal aid possibly but would we be able to get financial restitution to pay for a lawyer in this situation? We just need them to recut a check.

Sorry about the previous post, mods, as I didn’t think about my last post flagging. I wanted to share what I saw this over Facebook borrower defense, Facebook groups and in the r/borrowerdefense sub.

There is a huge push from people urging the government to discharge borrower defense claims that are pending for schools that the dept of education already knows have strong “strong indicia of misconduct” of over 150 predatory colleges.

The list of schools includes major players like Full Sail, Sanford Brown, Brooks Institute, Strayer University, Chicago School of Professional Psychology, Remington College, ITT Technical Institute, Grand Canyon University, Kaplan College, Perdue Global University, Keiser University, Everglades University and dozens more.

With the new presidential administration changes, the borrower defense program is likely to disappear and applications won’t process. We are pushing the department to complete discharges for folks that have outstanding claims.

If you filed a borrower defense application and haven’t received relief, you should check out the letter that is being sent out later this week to federal regulators and legislators. It’s at about 5000 signatures at the moment but there are many of you in this group that have filed for borrower defense and are still waiting.

Hi, Actually I was looking for an education loan and later on only i came to know that a co applicant is required, my mom is not working and her cibil is kind of low, I have a really good cibil score above 800 but I have no proof of income rn, my college is in the top 100 so can anyone of you help me out if you guys know any bank or anything that provides education loan without a co applicant.

Hi Everyone! I have just received my monthly repayment amount from SFE and I find it really high. 112 GBP which is 55,000 HUF. I am from Hungary and moved back to my country, so I must adhire to their threshold they set to Hungary.

This loan should not cause significant harm, yet they charge me a huge amount of money.

Does anyone has any experience how to appeal against this ridicoluos payment? Any help would be highly appreciated!

Thank you so much in advance!

Should I pay off the high interest loans first? What’s the best plan here? If I contact the lender will they help me with that?

My borrower defense to repayment application was approved back in May 2024 as part of a large group of approvals for a certain school who "made pervasive and widespread substantial misrepresentations that borrowers relied on to their detriment".

My loan servicer says they are still working to discharge the loans but I haven't seen any movement on them since July 2024. My question is: Can the new presidential administration reverse or revoke Borrower Defense applications that had already been approved?

Hi everyone!

Question about borrowers defense interest accrual. My Borrowers defense application has been submitted, and I was placed in an automatic forbearance (despite checking that I did not want to be taken out of repayment). Interest continues to accrue and though I have also applied for SAVE and been approved- forbearance for borrowers defense apparently supersedes the 0% interest forbearance under SAVE.

From what I understand, once you submit a borrowers defense claim and are placed in admin forbearance - interest accrues on your loans for 180 days and then stops until a decision is made.

My question is- if it takes them three years to review my application, let’s say it is ultimately rejected on year 3. Do they go back and then add all of the interest to my loan that didn’t accrue from day 180-3years? Or am I just liable for the interest accumulated for the 180 days from application?

I’m trying to figure out how to best navigate my loans considering the likelihood of things changing with the new president elect.

Please any advice is helpful!

What’s the chances if I file today, it could be discharged prior to the President retaking office?

I'm genuinely nervous. I have a lower income job ($40k), and a $31k loan I'm still paying off from 12 yrs ago and was banking on manageable monthly payments ( forgiveness after 20 years doesnt hurt either)..but I guess that most likely won't happen, now that Trump is president, and GOP hold majority in congress. Does anyone know his stance on SAVE and IDR? Because I'm not sure what I'll do yet if my monthly payments sky rocket if it's repealed. Thanks!

understand if you're on SAVE and therefore in the SAVE forbearance due to the litigation, payments aren't required at the moment. But you CAN make payments if you want to. In this case, if you're going for EDRP and want to max it out, you would want to make payments to avoid reducing a future EDRP award, right? But the guidance here https://www.ed.gov/Save says that the payments will be "applied to future bills due after the forbearance." My question is, will this mess up EDRP in any way? Since the payments are going to be MADE during the EDRP agreement time, does it matter that they're "applied to future bills due after the forbearance"? Should the person switch to Standard Repayment Plan instead to avoid any issues? Thank you for your help.

Please if you are an American citizen registered to vote, make your voice heard! If you haven't voted already in early or mail in voting, go vote tomorrow Tuesday November 5th!

There is ALOT at stake in this election, including the impact on student loans, student loan programs/forgiveness as well as funding and regulation of education at all levels.

Harris/Walz will continue the Biden administration's fight for student loan forgiveness, the SAVE program, PSLF actually being processes, and affordable eduction.

Under Trump's previous administration, the head of the Dept of Education failed to process 99% of PSLF applications. Trump has also stated multiple times that he is against student loan forgiveness and has mused with the idea of reversing previously forgiven loans and revoking affordable repayment plans already in use.

Do not sit this one out. go VOTE!

Has anyone had luck emailing the department of education ombudsman? I sent them an email over two weeks ago with no response.

Long story short, NSLSC notified me today that my loans are going to Government/collection. I have roughly $26000 loan. No way I can pay that back right now. I will be done school in 2 months, hoping to land a job by then. Only then I can even start paying it back. From what I read online, my bank will be shut, my credit card will be blocked, if I get a job everything will be collected and so on.

I am only 23, haven’t even started my life properly.

What are my options now?

I'm a recent college grad, and my first student loan payment is scheduled for December. I have 56k in student loans. I have a relatively low-paying contract job and a part time job to help build up savings. I was able to save an emergency fund these past few months before the student loan payments start.

What is everyone's thoughts on how aggressively I should be paying back student loans? On one hand, I want to pay off loans as quickly as possible so I don't have that debt hanging over my head. On the other hand, if I pay as much as possible and student loan forgiveness gets the OK from the courts in the next 5 to 10 years, I will end up financially disadvantaged.

Any input or advice is appreciated!

I originally took out a total of 72k of student loans with Sallie Mae, with two of the loans being of variable interest rates that ballooned to 18%. Once I graduated, the interest capitalized and the principal was 110k. I was able to refinance my loans to 5.1%. I’ve paid over 45k in the past two years and I still have 86k left. I’m in a fortunate spot to be able to pay more but I’m just really sad to see how insane student loans are. On a personal level, I feel like I’m missing out on so much in my twenties. I have a six figure job but live extremely frugal. I drive a little beater, rent with roommates and rarely travel. I want to buy my first home, buy a new car, start a masters & start a family but I really just want to get rid of these student loans, first.

I just got accepted into college and is the first in my family to go. I have no idea where to start applying for loans. College cost of attendance is about $25k a year before any financial aid. My based tuition will be covered by the state. So I need to borrow at least $19k but due to my family high income we do not qualify for any need based. My family is willing to help but writing a check to the school for $19k is going to be hard. So im looking for a school year installment plan. The college has a program but only covers $5500 a semester any amount above that will be required to be put down as a down payment. That would still leave me $8000 up front. I am applying for scholarships but with an average gpa of 3.3 and low test scores it limits what I qualify for. I dont want a loan that stretches for years. I just need something that allows payments from August to May every school year. Im in Atlanta Georgia if that helps. Thank you