As title says, I never get any emails from Nelnet. No emails saying when my next payment is due, no emails confirming they’ve received my payment, no emails notifying me when a letter has been posted to my account, etc. I have tried refreshing my contact information, checked my spam, etc but nothing there. Has anyone else faced this?

I finished paying my bachelor degree the summer after I graduated! I applied for a lot of local scholarships, lived at home for 2 years then got an apartment my last 2 years of college and commuted to campus everyday.

Now I started my masters degree right away and I’m back into debt. Have very mixed feelings. Yay I paid off my bachelors at 22 but I’m back into debt again. I will end up having about $16,000 in debt by the time I finish my masters and have a 7% interest rate on my loans :(

I already put down small payments to try to pay as much as I can before interest kicks in 6 months after graduation. I will try to continue to work through grad school however I do have a baby on the way and will be staying home for a bit. I guess I’ll just try to save my savings and tax returns to pay off my debt.

There's currently a navy blue banner that says "Look! New Colors! This is where a client banner could go, even if we have two FSA announcements already." Does anyone else see it when they log in? It sounds passive aggressive and I don't understand why they are displaying it, the last thing we need is a useless alert next to the actually important announcements, and why would borrowers care that they have a new banner color?! The Nelnet site has been an unstable nightmare since my loans were transferred to them.

This stuff is so confusing. What’s going on with SAVE?? And also whats going on with the forbearance that ends Sept. 31?

So kinda late but I'm just now going to start the double consolidation for my moms parent PLUS loans. I believe we should definitely have time before that July 25 cutoff. I was wondering, however, when doing these consolidations is it true her payments will be put in forbearance during the lengthy process? Thanks!

Hi!

Studentaid.gov shows I have a payment due with Mohela on Sept. 6th, however, Mohela shows that my balance is $0 and has no account information available to me. Mohela also sent me a letter stating my payment is now over $1,000 despite having NO info on their website. I should be on IBR. I reconsolidated back in June for the one time payment adjustment.

I'm just not going to pay the bill. I also pay it online because I don't have paper checks. I just don't understand the rampant incompetence going on with this company.

I initially thought that I would have a repayment plan for loans as soon as its disbursement to my school and after my loan servicer contacted me, but it seems I can only make a repayment plan after I enter my repayment period which starts 2030. This is inconvenient though because it is unsubsidized so interest will accrue till then. So, I'm wondering if there really is no payment plan I can have before my repayment period, and if so should I just make payments whenever I can to start paying it off, rather than having specific installments?

Hi All,

I am aware that you don't have to repay anything if you have 2 part time jobs, both earning below the threshold, even if the combination of the income is above.

I read this: "The repayments will be from the jobs where you earn over the minimum amount, not your combined income"

What if you swap jobs during the year? In this case, is it a combination of your 2 different jobs by the end of the tax year? So if you work full time for a company earning £15k, swap to a different company and earn £15k, will SFE combine it and count it as £30K? I am guessing they do, but I was just curious as technically I wouldn't earn above the threshold in either one of the jobs. Hope that makes sense😊

Hello!

I have 4 Mohela Direct Parent Plus loans I’d like to double consolidate.

What should I use for the sequence of processors?

Option 1:

Two go to Aidvantage and two go to EdFinancial and then do the final round double consolidation with Mohela?

Option 2: Two to Aidvantage, two to Mohela, and then final double consolidate with EdFinancial?

Thank you so much!

Hi. I am not sure if this is an appropriate question. My daughter's balance for fall 2024 alone is $6k plus and now I am planning to take a student loan for her (she will take the loan, am the co-signer). Is it worth it to take a loan of $10k for this academic year or will just pay it through my credit card? Coz RISLA will be having a hard inquiry on my credit history. We are from Rhode Island and currently, she is taking BSN in state school here in RI. Thank you for the response.

Basically I had to start paying back my loans last month and it is a monthly $205 payment.I do not have a job right now,but am in the hiring process of one job(it takes months to get hired on),but I’m almost across the finish line.I only get paid $175 every other week to babysit and I have other expenses to take care of and paying the $205 completely wiped out my bank account.If I were to miss my upcoming payment,what would happen?I am on the standard repayment plan. I’m trying to sell stuff to help me with this and other expenses.

What would happen if I took out more loans ? I already have loans from my asn in the save plan but currently going back for my bsn

My forbearance is set to end in 5 days and I "am" on SAVE plan. Since SAVE Plan will end and I will be out of forbearance. shouldn't I be updated by now which IDR plan they will put me in and how much I should be paying? I have no information at all on what my new payment plan will be so I have no idea how to prepare for this.

Looking for literally any one else in similar situation/ input from fellow Redditers.

I’m not going to give context because at this point it won’t change the situation, but loans taken out in 2018 and 2019 charged off in 2021. I haven’t heard anything from discover SL or a collections company. When I run my credit report- they show as charged off accounts.. totaling approx 100k, but I have nothing in collections.

With discover student loans going under and being bought by another loan servicer- do we think these charged off loans will be sold as well with the other current, in good standing, loans ?

Or do we think that discover is trying to sell these loans to debt collectors / collections before they are donezo in Nov. ?

Aka … should I be expecting to be sued, sent to collections, or sold to another company that will then have the decision on what to do with this debt.

The SOL in PA is 4 years .. I’ve made it almost 3 with no contact ….. also do we have any idea why I have yet to be sent to collections ? Is this common 3 ish years after charge off …?

Hi all, I am in a bit of a hard place, as many of us are, in-terms of my monthly loan expenses. I am not here to dwell on the fact that I should have chosen a different university for my 4 year education to lower my loan amounts. That is all behind me and I am looking to make the best of my current situation.  

I am 25 and a Civil Engineer. I graduated with 220k+ in Student Loan Debt (private + public). I have been paying on my loans for the past 2 years since graduating (~$55000 total). I am basically living paycheck to paycheck- not a situation I expected to be in when I was 18 deciding my career path.

Once I receive my paycheck on Fridays, I pay my loans, rent, bills, ect then have ~100$ left (every 2 weeks) for emergencies or fun. I have ~$3500 in credit card debt that I have been trying to chip away at for the past 4 months. I have not used this card/ added to the statement over the past 4 months. This is getting incredibly frustrating as I want to start saving for my future, but I feel like I barely can stay afloat in day to day life. I have tried to start the process of refinancing by trying a few banks "Check your Student Loan Refinance Rate" Estimators. After I finish entering all of my loan info and salary info I am told "we cant offer you a loan today". I'm guessing its because of my loan amounts mixed with my credit score. Because of this, I have been trying to improve my credit score, however its super hard for me to lower my credit card debt because cant make significant/ sizeable payments to my credit card each month. I am planning to move back home with my parents in July of 2025 (after my current lease is up) to save on rent and utilities. Until then, I would like to improve my situation any way I can so I don’t have to stress as much as I have been for the next 10 months. Ive been pondering the idea of a financial advisor to help me become more financially literate & help strategize a plan forward. However, I will not go through with this because 1) the cost & 2) I think most the information that can help me can likely be found online. I am open to any and all advice- weather it be refinancing, programs that I may qualify for, repayment strategies, what debt to tackle first, literally anything!  

Please, do not comment on the amount of loans that I have agreed to at the age of 18. I am a first generation college graduate. My parents are financially irresponsible & illiterate (all love, but its true). I wasn’t guided to make a better financial decision in terms higher education. I didn’t understand the concept of money like I do now. I have already beat myself up over this & its done nothing to change the situation I am in now. I am choosing to move forward as best as I can & pass along the financial lessons that I have learned to anyone who will listen. Thanks!  

Below are some details that are relevant  

Private Loan Amount (Sallie Mae):

Total: $159,562.77

Monthly: $2096 

Interest rates: 11.75-14.38% 

Federal Loan Amt (Nalnet):

Total: $23,932.77

Monthly: $276.67

Yearly Base Pay (pre tax, 401k, benefits): $94600

Bi-weekly take away: $2400

Monthly Bills/Expenses (rent, bills, car insurance, groceries, gas, etc): ~$2100

Total Credit Card Debt: ~$3500

Credit Score: 646

EDIT: I put my monthly take away, rather than bi-weekly take away.

My employer is paying a yearly contribution to my student loans and the payment says processing with 3 days until sent to debt in the top left corner of the screen. Does anyone know if this just means that it will be completed and paid in 3 days?

Hi! I’m currently an incoming out of state sophomore at drexel university studying for computer science. I’m in love with this school but I’m scared i’m being unrealistic on how i will pay back my student loans. I would have to take out a parent plus loan of 27k every year and i’m doing the five year program which will result in me taking out around 135,000 by the time I graduate. I plan on working a part time job throughout school and Drexel has a coop program where i’m likely to get paid around $20 an hour for 6 months. My coop would make me around 19k total so i believe it’s possible for me to save up a little less than half of the money I need to pay off by the time I end school because i’ll be doing 3 coops and this extremely increases my chances of getting a job in the future. I’m only nervous because my parents are the ones taking out the parent plus loans and I don’t wont them to feel super nervous about me paying them back. I’m also not even sure if fafsa will allow them to take out that much in total as my mom was only allowed to my first year but now she can’t due to “bad credit”, i’m scared i won’t even be able to finish college if something goes wrong on my dads end. I already finished my first year of college but i’m wondering if i should just go to community college instead for the two years and try to finish two years at drexel with im assuming just one coop or just transfer to a less expensive school altogether, although that would mean i wouldn’t have any job experience. Here are some ideas for options to make college less expensive.

• try to finish in 4 years with 2 coops, total cost would be around 108,000 and coops would pay me 38k plus my part time job so i could put a dent into my loans
• transfer to drexel after community, total cost would be around 54k for a 4 year but i would most likely only be able to do 1 coop and there’s less of a guaranteed job after i finish uni, im also not sure if i can transfer credits bc i go to drexel out of state
• scrap this whole idea of drexel cause its so expensive, go to community college for now while paying off the current 27k loan i took out, and transfer to an instate college
• reduce as much costs as possible by eliminating housing and food fees

I already have a plan of study for my 5 year at drexel which includes a minor and I rlly like the coop program and I also plan on getting a coop near my hometown if possible so I won’t have to pay housing or food, reducing my cost from 27k to around 17k. As well as, moving to a cheap apartment with a roommate, for the last 3 years so i wont have to pay housing or food anymore after this year, reducing the cost from 27k to 12k. Even if I keep going with my current plan and all of this works to reduce cost, I would end up in around 84k in student loans. I just really don’t want my parents to worry or affect their credit negatively as well as the worst case scenario of them not being able to take out more loans for me for school and therefore i’m not able to finish. What do you guys think is my best course of action? Sorry if I sound like I’m rambling I’m just trying to give you guys as much information as possible on my thought process.

I just graduated in May and I am having a hard time figuring out what repayment plan would be best. My job is covering the loans I had under my name and when my parents took out the parent plus loans we agreed I’d be the one to pay them back.

My father works for the government so he qualifies for the PSLF, and we plan to consolidate into the direct consolidation for the PSLF, The only issue is the payment plans to qualify for the PSLF is limited and the monthly amounts would depend on my father’s income, not my own.

The loans amount to about $103,000. My father makes about $117,000 a year and I am making $49,000 a year. For the ICR payment plan the monthly payment would be pretty much my entire paycheck. Is this payment plan our only option for PSLF? The standard payment plan could work, but would that qualify for the PSLF since it would be a payment of 30 years instead of 10?

I also have a government job so would it be possible to transfer the loans to me so I could make the payments based off my own income? I am the first in my family to finish a four year college right after high school so we’re all a bit confused. Do I have any other options? Any help would be greatly appreciated!!

Has anyone seen any changes in their payment progress? Mine has not been updated since April...this is so frustrating!

I will be starting my job out of grad school making 120k, what is the best strategy to pay off these loans? My loans are through Ed financial, which payment plan should I select? Should I do the 25 year plan with the lowest monthly payment possible and then do avalanche method and tackle each of the 4 one at a time? Any help would be greatly appreciated.

Heyo, I've got Nelnet and since my loans have been in repayment I set up auto payments. But they have NEVER been the same charge, ranges everywhere from $30 to $200. I have a standard 10 year repayment plan. It's takes hours to get through to them so I'm hoping someone can offer some insight here?🥲

Edit: also any idea why some months it pays nothing to the principal balance and everything to interest?

I requested my promissory notes from my 3 loans with Wells Fargo that were turned over to firstmark. Has anyone had any luck with student loan companies losing their promissory notes? From my understanding, if they don't have the original notes; you don't owe anything. Any experts out there?

In May when I got the golden email, it was a hot topic on Reddit that there was this IDR adjustment coming. After a lot of research I consolidated to take advantage of the adjustment in hopes of forgiveness this fall, and chose an IBR plan, and I’m now about to go make an $800 payment where I was paying $200 a month before on an extended graduated plan. I follow Redditt every day to see if anyone has gotten forgiveness to see if anyone is talking about this one time adjustment and it just seems to have been a subject that is kind of disappeared. Has anyone seen any change to their accounts or received forgiveness because September 1 is coming and absolutely nothing has seemed to have been in the news. I’m not PSLF, I had a 2003 loan and rolled in with undergraduate loans from later, so count should be 21 years.

I log in and check on my aidvantage loans almost daily. They were a little over $1200 less today, and I haven't made a payment since July. There is nothing on the website to indicate why they are less. Is anyone else experiencing this?

I will save you all the long sob story and cut to the chase. Until I’m able to pay my student loans fully monthly, I was thinking of paying some arbitrary number like “$50” a month. Why? To avoid being turned over to collections and having wage garnishment. I do not have other debt (other than a mortgage). I don’t need any other advice at this moment (I need to figure out what type of loans I even have and then I’ll be back to ask additional advice.) I’m just wondering if I temporarily pay SOMETHING they won’t garnish wages or affect my credit score (that is currently “Excellent”). I plan on increasing my contribution in the next 6 months when I’m working again.

I’m sorry but I don’t remember the loans I have. Aid advantage? I just recall maybe the loans being something I can’t reduce anymore?? It’s been awhile since I have looked. I just paid. Should I come back to ask this when I know what loans I have? Haha Thank you.

Hey, I made a post before asking for options on what the best private loan company is. It looks like all of them are terrible but which one is the least worse? Also I need to borrow around 20k, which is 5k each semester. Do I have to ask for the 20k all at once or can I tell them I need 20k in total but 5k each semester. That way I’m not paying interest on the money I’m not using for that semester. Does that make sense? Or should I ask for 5k each semester but I feel like on my credit report that looks bad and each of those 5k loans would have a different interest rate. I really need some insight, this is my first time looking into student loans. My university is saying that because I already have a bachelors degree I can’t qualify for federal loans.

My employer offers $100 a month on my student loans and my income based repayments are about $50 a month. If I use my employer repayment does that disqualify me from an IDR plan and should I just plan to pay more aggressively? I've got about 28k in student loans and I don't know if it's smarter to wait for forgiveness at some point while making small payments or to plan on paying back in the next ten years. Also, with the employer payment should I pay the minimum on my end or pay as much as I feel comfortable with?

Hey everyone, I was wondering if anyone else is having the issue of Mohela continuing to accrue interest on loans that are in forbearance due to the SAVE plan issues?

I recently signed up to take courses at a university and applied for GradPLUS loans to pay for the tuition/fees. However, I have an account that went into collections a few months (balance is over $7k) that is currently being paid-off on a monthly payment plan.

I understand that having such a large balance go into collections within such a recent timeframe meets the DOE's criteria for adverse credit history. However, will I still be approved if I'm on a payment plan for the collections account?

Thanks

Studying abroad with some buddies in Thailand this year (full semester), the contracts with the study abroad company/visa/ticket all set up. I still need loans to pay for some extra credit hours I signed up for last minute to stay on track for graduation. The good thing is that Thailand is cheap so I don't anticipate any costs staying there, just extra tuition fees which is about 11k more than a typical semester at my school. Don't want my parents to be burdened with Parent Plus so was looking at college ave and they seem legit. Parents willing to cosign but was wondering about any other good companies or going to a credit union. I only need extra private/parent plus for this semester so no "don't take private loans" advice please. Cheers!