All Questions
Tagged with loans student-loan
87
questions
5
votes
3
answers
265
views
What is the best option for repaying student loan?
This is an embarrassing thing for me. Growing up my family believed money is a bad thing that shouldn’t be talked about. I have found this philosophy hasn’t served me well and abandoning it. I ...
- 1,119
5
votes
4
answers
873
views
Is home equity worth taking out a mortgage when I have $67k student loans to pay?
Note: home equity isn't the only reason I'm thinking about buying. I'd like to have control over my own living environment, more space, not have to worry about annoying the apartment unit upstairs if ...
- 1,074
0
votes
1
answer
217
views
How to compare the APRs of different currencies?
I want to take a loan and I have two options:
Euros APR: 7.2% terms: 10 years
Yuan APR: 9.2% terms: 5 years
I have taken some financial classes so I have a vague idea about it. I know there is an ...
user79408
2
votes
2
answers
215
views
Is a loan in euros with a 7% interest expensive for a student?
I am admitted to a business school in France and I have just got a quote from Prodigy Finance. The loan amount is about 30000 euros, the fee is 2.5%, and the term is 15 years. The first repayment will ...
user79408
7
votes
1
answer
2k
views
Consequences of student debt in the UK after moving to the US
My British wife went to university in the UK from 2001 to 2005. She got a student loan with SLC and was never charged anything because her income was too low. She left the UK in 2011, never earning a ...
- 1,163
4
votes
2
answers
545
views
Pay off student loans vs pay myself and try to get PSLF? (is my math right?)
I am trying to decide between paying off my student loans in 5 years vs attempting to quality for Public Service Loan Forgiveness (PSLF), which I could conceivably do in 5 years. My options are to 1) ...
- 41
2
votes
1
answer
445
views
How does Sallie Mae calculate its payment?
Short Version
Can anyone figure out how Sallie Mae comes up with its personal loan payment amount?
Long Version
I have a friend who took out a personal loan with Sallie Mae, and their payment ...
- 123
2
votes
1
answer
858
views
What is nelnet doing with my auto-debit student loan payments?
I recently (A few months ago) bumped up my loan repayment. My repayment just started this year.
So, I took a look at how nelnet is allocating my auto debit, and my payment history looks like this:
...
3
votes
6
answers
652
views
In what order should I decrease my loan debt?
I currently have federal student loans, and a personal loan I took out for college. Below are my percentages for each. I am wondering which loans I should start paying off first to ultimately not ...
- 521
6
votes
2
answers
2k
views
Is there any loan forgiveness or help for a large Federal parent student loan?
If a parent has a federal student loan for her child's education of over 100 thousand dollars, and she is having trouble paying off, is there any sort of forgiveness, or help?
- 61
11
votes
3
answers
6k
views
Can I pay my student loan with a credit card?
As far as I can tell, it's not possible to pay off student loan debt with a credit card. I'm currently making payments through Great Lakes borrowing services. There is clearly only an option to add a ...
- 315
2
votes
1
answer
359
views
How would our taxes change if we filed separately with respect to student loan debt forgiveness?
I have a question regarding student loan debt forgiveness.
My wife has $50,000 in student loan debt. However, she is now a stay at home mother and earns zero income. We pay $340/month and it is only ...
- 51
26
votes
6
answers
7k
views
Does borrowing from my 401(k) make sense in my specific circumstance?
I know the standard answer and understand that I will be losing out on that compound interest, but I am young and only need to borrow a few thousand. here are some more details:
Need to borrow $6500 ...
- 433
4
votes
1
answer
253
views
Student loan repayment question (UK)
I have significant student loan debt.
I am on plan 2 repayment and just received my first payslip.
I earn £22k and so by their rules I need to pay back 9% of my annual salary over £21k that being in ...
- 41
2
votes
2
answers
791
views
In the UK, could low-income pensioners (or those near a low-income retirement) find a student loan useful for boosting their finances? [closed]
A couple of things in the news recently:
Martin Lewis' analysis that most students will never pay their loans off.
The Pension Minister's suggestion that the WASPI women retrain.
got me wondering.......
- 4,002