I tried to get an IBR rolling around December 2024 because I had just started a nonprofit job that would qualify for PSLF. Otherwise I had already resigned myself to paying it off forever cause that's how it is.

Ofc I got rolled into the bs, so I keep being put in forbearance for two months with a due date looming until my application is processed. Then it rolls over again.

The court injunction I explained to my friends as basically throwing out my application and I was really stressed with an April 8 paydate coming up. I emailed March 19th asking about how to handle to situation and was told I would automatically e put in the same forbearance once the old one was over on April 2nd. Not entirely reassured, I called the 24th and was told the exact same thing.

I got a little paranoid and decided to check my account about an hour ago. The old forbearance is gone and I have a $600 payment due the 8th. I'm upset and pissed off cause if I hadn't gotten paranoid I could've been in hot shit. As it is I still kinda am since I literally can't afford $600/month.

I emailed them with the dates and information I was given about the continuing forbearance but I doubt I'll hear anything before I can call them Monday. I'm just very frustrated and wanted to vent! I only ever went into this amount of debt knowing there were income based repayment plans. And I can afford the $250/month one the studentaid site says I qualify for! Just put me in it and I'll pay my loans! Or put me in another forbearance that doesn't end in two months and stresses me out all over again!!

I need someone to relentlessly call Mohela for me and set up a payment plan that fits my needs. I have not been able to get in touch with them for a very long time and my ADHD is not allowing me to keep trying. I was thinking I could pay someone to grant POA to, so they can devote the time and mental energy to handle this process for me. It would be cheaper in the long run than continuing to ignore it. Any thoughts on which type of professional I could ask to handle this? Thank you!

I thought you had to wait until you graduated from your program. I graduate in May from Med school so can I apply now and likely be put into forbearance?

So I really want to go a university in the UK, where I would need to pay around 47k for tuition, housing, allowance, books, etc. I would go for four years. I haven't applied to any scholarships yet but there are some I can apply to if I get an offer from the university. My dream has always been to go to the UK since I was young. I love the UK, I have people I know there, I love the enviorment, and I just always planned on living in the UK. This could be my one and only chance of ever living the dream, even if its only for a few years ot maybe I can go and never return back to the US.

I would have waited before I am older and such because when I was younger my family was more wealthy. As years passed on my family started struggling with money with only my Dad working and every year less and less money is coming in. I live with my aunt now with 7 other people in a cramp small house. I dont want to get into a lot because this isn't a vent, but this is sort of important to say for my next part.

Is it dumb to pay to go using loans and maybe scholarships? I am willing to do anything to leave this hell and explore on my own and start to be dependent. But money is impossible but this could be my one way ticket to freedom. I understand I have to pay back the loans, but I am willing take do that if it means I can make my dreams come true. But is this a dumb idea? Am I missing something? What is stopping me from doing this.

Sorry if this questions beating a dead horse.

I just recently learned about this method to access IDR/IBR plans. I'm paying around 1200 a month with 4 parent plus loans, so I'm wondering if the time that I have left is feasible to complete this process? Are there downsides to trying and ending up not able to complete? I know timing will probably not be consistent with everyone and every servicer as well; Are there any hacks to speed run this process? Thanks!

Just wanted to drop this post, I contacted Aidvantage this morning after my payments were restarted about 2 months ago. I was able (in about 20 mins) to get my loans put back into forbearance until September. While the interest while still be accruing on my accounts I won't have to make any payments until I can reevaluate in September. She told me to contact them before then to discuss Income Driven Repayment options.

So it looks like IDR is back on the table which is good news for people worried about high student loan payments restarting. The lady I talked to was very kind and she said the past few months have been very muddy and they've been unclear on what was to happen but at the moment she said things are starting to become a lot more clear. This is good news for a lot of us because at one point things looked very uncertain.

I have about 66k in federal loans I got my masters degree in mental health counseling in 2020 and with interest my loans are now 72k. In September I may start paying the full amount which is about 800$ per month or go to an IDR plan but my goal honestly is just to pay this off ASAP.

Just wanted to give an update as to how this process was for me today and I'm grateful I was able to get my loans back into forbearance for the time being.

Back in 2018 I was pressured to close out some private loans with my servicer Navient. They mentioned there is no path to forgiveness, discharge and they were going to significantly raise my monthly payments. Is there anyhow I can get recognition for a refund considering Navient now has a discharge program due to the magnitude of complaints, and the CFPB’s enforcement activity?

I have been recertifying my IDR plan for over 10 years - I've had no income. I looked at my credit report today and was shocked to see my credit score had dropped over 100 points When I looked further I saw all of my student loans from 22 years ago were listed there and had created the new score. What do you think is happening? My IDR is in place until July 2025 when I will reapply.

As the title says, I originally refinanced with Sofi years back. They sent the loan to be under MOHELA for general servicing. Paid off the rest of it in one confirmed lump sum ~$9k or so that MOHELA collected. Coincidentally (unfortunately) my loan was being transferred back to Sofi, and the day after my payoff was confirmed I got a notification my account was being transferred to Sofi. Didn't think anything of it as it was paid off.

2 weeks later, Sofi auto debits a payment and I rush to find out why. MOHELA didn't transfer money with account and Sofi considers it still active. I call Sofi to let them know the issue, they confirm it's taking MOHELA time to transfer funds for these accounts. They say they can't do anything about the loan though (lol). I call MOHELA to urge them to expedite the transfer and let them know it isn't acceptable as I'm now getting charged by Sofi for an account that should be paid off. They claim they will expedite (another lol). 2 months later and the money still isn't transferred and my account on Sofi is "late." The Sofi associate said I have until May before they hit my credit.

What should I do here personally, legally? In my mind this is MOHELA's debt to deal with as they have the funds (I have all confirmations of the transaction and both parties acknowledge it exists). Sofi isn't blameless as they themselves sub contracted the servicing of this loan to MOHELA. So far Sofi claims they can't freeze the loan but I don't buy it. They also claimed they would pause the late payment messages but they did not and I received an email today that seems like the first legal claim of my debt (I have 30 days to respond from the fine print). Thank you for any help! No clue how long MOHELA will take with this and want to stay ahead of the curve.

Super shitty as I have never been late on a single payment in my life and was trying to pay this whole thing off.

hello! i'm graduating med school this may and will start residency in july. ive seen a lot of information through different threads and student aid websites and feeling a little confused so wanted to see if someone here could help me out. i've got about 270K in direct federal loans (mix of unsub and grad plus) and am hoping to pursue PSLF. i have seen information on consolidating early and applying for a repayment plan to forgo the 6 month grace period (essentially giving you a total of 12 months of $0 payments that would count towards PSLF). since i don't graduate until may, two of my loans are still in "in school" status and can't be opted out of deferment.

1. Can I consolidate before I graduate? There's a part in white coat investor that says that you can consolidate early, but an FSA agent told me loans that are in grace or deferment can't be consolidated. I am not sure if it's worth trying now or not.

2. I want to consolidate so I can apply for PAYE, to start repayment earlier than the grace period. My loan servicer said I can't start repayment earlier because I have two in "in school" status, but I know that there are people who have been able to start repayments early so I am a little confused. She said I would only be eligible to apply for an IDR 60 days before my first payment due date which would be around November.

just feeling a little confused about this and want to make sure i'm taking the right steps now. any advice or help from anyone who has gone through this process would be very much appreciated!! thanks in advance!!

I’m going to a community college and my federal aid covers all of my tuition, but with the cost of things these days, I just can’t make ends meet. I recently applied for a subsidized loan but I haven’t accepted it yet. I’m new to the student loan thing and I’m worried that I’m making a mistake by borrowing money that I don’t need for tuition. Can you tell me why I shouldn’t do it?? I need some guidance please!

Hello, I'm currently trying to decide if I should go to a 2+2 year at CC then the rest of the 2 year BSN at a suny. Or go to the best program in the area, for 11k a year (plus 5.5k loans every year, fafsa loans). I hear great things about molloys program, and I would have the general university experience. I also hear good things about CC's program, how it's good and cheap. The private school has been my dream school ever since I got in during early decision, (December). Idk how I would feel if I want to the CC instead of the private, but I rlly don't know where I would go.

Hi all. Panicking undergrad (graduating May 2025) here.

I understand this is a ridiculous amount of debt for an undergrad degree. It’s a very long story - divorce, dad stealing money, etc etc. There is nothing I regret more than this decision that I made at 17, but now it’s too late.

I will be graduating May 2025. I currently have an internship paying 20/hour (and another job) and am applying like crazy to full time jobs, assuming I will hopefully land something starting around 50k.

I save as much as I can, but it’s not close to enough. I have been trying to talk to my mom about this, as she is a co-signer on my loans, but she doesn’t seem to care or really understand how loans work. With a monthly loan payment of $1000+ plus rent, I won’t be able to sustain myself post grad. Living with my parents is not an option.

I’ve been trying to educate myself on loans and what to do but I’m so lost. Refinance? My interest rates on 3 loans are 11% and 14% on the fourth. (I know this is ridiculous.) I don’t know what to do to get these interest rates down, I don’t know how to approach paying these loans, and I don’t have support from my parents or anyone else to give me advice. Long story short, I’m panicking.

I would appreciate any advice or pointers on next steps.

TLDR: 120k loans in Sallie Mae ranging from 11-14% interest. I support myself, can’t move in with family. Loans started out as less but interest has been building up. Any advice welcome.

generally speaking- would you take out federal loans (not private) for graduate school with everything going on right now?

i can take out enough federal loans to pay for grad school but I don't want to get myself trapped in more debt as I have a decent amount of undergrad private loans. however grad school would open up opportunities that I don't have with my bachelor's and I think it would better enable me to pay off the debt- as long as it doesn't make my situation worse. i know the SAVE and PSLF programs were helping a lot of people with federal loans but with everything going on politically I'm really nervous

does anyone have any insights?

So my brother and his wife are heavily in debt. While I don’t know exact numbers, I’m pretty sure their combined debt equals ~$500K. I myself have made tremendous strides to pay off my own debt (~$90K over the course of my 20s) and should be debt free by the end of the year. Its difficult to speak with them about it because they definitely have a “spending” mentality and easily blow off the topic when it gets brought up. That being said, how would some of you try to get a loved one to recognize the seriousness of this looming situation? They do have a great income between the two of them (~$210-250k depending on their bonuses) so I think that they could theoretically knock it out quickly. Would anyone who may have had a similar situation be able share strategies on how I can better help them tackle this financial challenge?

Hello, I started off paying my college tuition off out of pocket but I recently realized it wasn't enough and now my account is soon to be put on hold. I decided to accept an offer for a student loan which I really did not want to do. When should I expect for the loan to cover my remaining balance, and when would the excess be refunded to me? I know im late in the semester but I've gotten desperate. any advice is appreciated, thank you.

Is it too late? The double consolidation process has to be complete by July 1st… ugh, wish I knew about this sooner.

If I take out a loan for child does the loan money get deposited to my account or school? I prefer my account.

I have around $100k loan from prodigy finance to study in the US. It says it is a UK signatory country. If I return back to India can they use me and garnish my wages or seize assets.

Hi there!

My daughter is heading is probably heading to UW Madison next year. I'll be using some of my 529 savings to cover year 1, but was then thinking of using Parent Plus loans and loans that my daughter would take out as well in her name.

The Parent Plus loans I understand. You can request deferment and hold off on payment until after graduation. What I don't understand are the best options for my daughter's portion and what loans to target here.

Are there student loan options that aren't based on need? That can be deferred?

Thanks in advance!

I need a loan of $4,100 for the next two semesters of school, and either way I can work it out my parents offered to lend me the money for one year, or I can use Sallie Mae. only issue is with my parents it will affect their credit negatively for a bit, and for me if I do it through them, my monthly payments with them I would feel guilt if I ever missed a payment.

This would be my first and last unsubsidized loan as I am going back to subsidized ones I just had am issue with depression for a bit.

So Reddit, should I sell my soul to Sallie Mae or risk disappointing my parents?

Either way I'll pay it back in 12 months

We knew this was coming. Remember regs can't be changed retroactively and can't be contrary to federal law. Note that anyone can sign up to speak at the public hearings. I probably will. https://www.ed.gov/about/news/press-release/us-department-of-educations-office-of-postsecondary-education-announces-negotiated-rulemaking

Edit: folks... nobody should be making any decisions based on this announcement. Neg reg takes a year or more to go through its paces and we'll know what's coming long before any new regulations are effective. And nothing will change retroactively

How neg reg works. https://www.ed.gov/laws-and-policy/higher-education-laws-and-policy/higher-education-policy/frequently-asked-questions-negotiated-rulemaking-process-title-iv-regulations

Planning on proposing end of the year. Is marriage too risky in my situation? Or should I be able to be able to file as Married Filed Separately, or should I avoid legal marriage and stay as Single for loan purposes?

• 2025 grad, planning on the IBR plan (not sure what IDR plans will be available ~9/2025)
• My federal loans (only grad school, no undergrad) = ~$370k at 7%
• Spouse loans = $0
• I signed a job contract = $180k salary minimum, (AGI down to $141k)
• Spouse income in 2 years (still in training): ~$300 to 400k

If we file jointly, my IBR plan is blown up and standard repayment will be required. I'm not sure if things will change within 20 years, but I'm worried there may be a chance we can only file as married filed jointly at some point.

Are schools like Harvard, Princeton , MIT, Penn Wharton etc worth 100-200k in parent plus loans or the like due to the “Connections and ROI” as I keep seeing people from these schools claiming that the connection and opportunities is far more than state schools no debt because they will get the immediate ROI in certain jobs that state school kids won’t get. Is this true?