All Questions
Tagged with loans student-loan
87
questions
23
votes
7
answers
8k
views
Would it make sense to take a loan from a relative to pay off student loans?
Together my wife and I have about $80,000 in student loans. My mother in law is in the process of selling her house. We proposed the idea of borrowing ~$50000 from her, once she sells, so that we ...
- 333
0
votes
1
answer
73
views
Will one’s education loan application be rejected if one doesn't have a payslip providing collateral?
Is it possible to reject education loan by SBI/IOB for abroad if don’t have payslip where parents are doing small business but provided necessary collateral which is worth twice the value approved by ...
0
votes
1
answer
87
views
How to hold value for borrowed cash used to fund school tuition
I need to pay for the tuition for a 2-year graduate school program.
Since I don't have to, and can't, pay tuition of 2 years in advance, but need to pay interest, I want hold the value of my ...
- 163
2
votes
2
answers
948
views
Should I pay off my student loan in the UK before getting a mortgage?
I've had a search around and there is a similar question here and maybe here. However, I think this use-case is slightly different (not to mention those answers are US based), and also the answer to ...
- 121
2
votes
1
answer
158
views
What should I know before applying for a student loan? Should I pay off all or as much of my CC debit first?
Before taking out a student loan, would it be best to pay off as much of my Credit Card as possible to help get the best APR%?
I have 1 CC with a $5000 limit unused. I have another with $7500 on a $...
- 1,199
3
votes
4
answers
835
views
What is a Student Loan and does it allow you to cover a wide range of expenses relating to school?
Is a student loan a type of loan or just a generic name used to refer to a loan for someone who is going back to school?
I am planning to go back to school and picking up living expenses by living ...
- 1,199
1
vote
1
answer
76
views
Are there any regulations regards end of loan payment procedures?
When I was a student, one of my student loans was a Federal Perkins Loan. I was done paying the loan fully about 5 months ago. Since then I called couple times to the university asking about it, and ...
- 742
1
vote
2
answers
312
views
Why the "Education Loan Servicing" company switched to billing me 1 cent per month?
I had a school loan that was handled by EdFinancial. I had made monthly payments on this until there was just about 12 cents of debt left.
[Update:] The payments were a flat amount each month (of ...
- 245
3
votes
1
answer
531
views
Student Loans: Income-based repayment & income tax bomb
Situation: I have a pretty sizable student loan burden ($150,000 with 6% interest), where I can't afford the regular payments (about $2000/month) with my current salary ($60,000) at job I'm starting ...
- 31
3
votes
1
answer
10k
views
Paying off loan early: Apply overpayment toward balance vs advance payment due date?
I want to pay off half of my high interest student loan with a lump sum.
I have 2 options when applying the payment: to apply the amount to my balance or to advance the due date (i.e. to apply ...
- 123
1
vote
1
answer
216
views
How to manage payment of student loans after credit card balances are eliminated?
Purpose there is a loan, that is at least $60,000, which is student debt at about 6%, as well as total amount of credit cards balance at 4000 - 6000 dollars. What is the cost-benefit ratio of these ...
- 13
4
votes
2
answers
856
views
When does Public Service Loan Forgiveness NOT make sense?
I'm starting to do some research on the PSLF program.
I know the program is designed to relieve the burden for folks that take on huge loan debt in order to take public sector jobs.
But I'm ...
- 143
3
votes
2
answers
1k
views
Tackling an obscene amount of student loans
So, in my journey to get to where I am today, I spent a good 7 years getting a Master's degree. This, of course, led me down the path of student loans.
Currently I sit at just over 100k in student ...
- 1,594
7
votes
5
answers
4k
views
College student - I'm a 'dependent' and my parents won't apply for the Parent PLUS loan or cosign a private loan
This is currently happening to a friend.
She is 19 years old and doesn't qualify as an 'independent' on the FAFSA. Her parents refuse to apply for the Parent PLUS loan and also refuse to cosign for a ...
- 1,074
38
votes
5
answers
9k
views
Should I dump my savings into my student debt?
I've got about $5000 saved up in my savings account.
At the same time, I've got about $8500 left to pay off on my student loan, with all the interest that includes (6%/year, compounded monthly).
...
- 4,374