All Questions
Tagged with loans student-loan
87
questions
4
votes
1
answer
817
views
Can the UK student loan company stop a graduate from moving abroad?
I'm just worried about hearing that a lot of people move to avoid repayments. I do not intend to not pay back the loan. I want to move to join my bf and then get married. I always have wanted to move ...
- 143
-2
votes
1
answer
137
views
Is it smart to take OSAP student loan right now?
I am going to grad school in Canada this September and have a chance to borrow ~$15000 at a rate of prime+1% (provincial loan) and prime+2.5% (federal). I would guess the 15000 is split 50-50 between ...
- 101
0
votes
1
answer
183
views
Which student loan is better to make a lump sum payment
I have $15,000 that I am trying to put towards one of my loans. Right now I have two loans
$14,000 3.7% variable interest, 10 years, $140 monthly payment
$30,000 7% fixed interest, 15 years, $260 ...
- 13
4
votes
1
answer
667
views
Lending money to colleague with interest - how to legally bind agreement
A colleague of mine has student loan debt of ~35K at 7% APR interest. I have more than enough principal to pay off his debt, and for my troubles (and risk), I think asking for a 4% APR is not out of ...
- 391
3
votes
1
answer
4k
views
Two high-interest loans: Pay down one at a time, or split my money?
I have 4 student loans. Two are for roughly $5,000 - one at 4.5% and one at 5.6%. Two loans are for roughly $1,500 and both have an interest rate of 6.8%. Right now I have $1,000 I can put towards my ...
- 31
2
votes
1
answer
1k
views
How do student loans get split in a divorce?
My question: Legally should a husband have any responsibility for his wife's student loan if it was taken out during their marriage? They are divorcing, the loan is in her name, and I, her mother, co-...
- 21
5
votes
2
answers
271
views
Student loan repayment plan
I recently graduated with a PhD in mathematics and its time for me to pay back my student loans. Being a mathematician, I sat down and did the math. I realized two things:
There is no feasible ...
- 151
2
votes
1
answer
502
views
Student Loan Balance question
My wife and I have recently paid off our auto loans and are trying to tackle our pesky student loan debt next. Following the "debt snowball" pattern, we've applied our monthly car loan payment to my ...
- 187
2
votes
2
answers
546
views
Strategy for paying off 120k in student loans
I am graduating this semester from an American school with 120k in student loans.
The standard 10-year payment plan suggested to me via email and snail-mail is a little over 1k dollars per month -- ...
- 21
2
votes
2
answers
505
views
How often should I pay my student loans?
I've got ~$30K in student loan debt, spread out between different loans with different interest rates. My minimum payment is $190, but I'm in a financial position where I can afford about $750 per ...
- 121
4
votes
2
answers
294
views
Proper/best way to loan money to a family member
If I want to loan money to a family member so that they can pay off student loans quicker, I have a few questions.
Is it inevitably taxed by the government?
What is proper documentation procedure (or ...
- 41
12
votes
8
answers
9k
views
Paying $1000 a month to keep a car in New York City
I am 25 working in New York city making ~117k a year. After tax and various pre-tax deductions, (mta fare etc) my take home is just shy of 6k a month.
I pay $1875 in rent a month for a nice ...
5
votes
2
answers
23k
views
What is this option offering me on my loan repayment?
I was just updating my auto-repayment for my student loan, when I was given the following option:
((Note: The image highlights two options: "Apply as Refund" and "Apply as Payment"))
I am not sure ...
- 4,374
2
votes
2
answers
187
views
Taking a student loan without any history of credit?
I'm 18 years old and I'm considering taking a student loan as all the alternatives are exhausted and I can't continue my undergraduate studies without a loan. I don't have a history of credit and my ...
- 131
0
votes
1
answer
163
views
What to consider when taking out a student loan from a bank?
I am currently in a bit of a pickle as I am taking summer classes at a University (at which I am a student), and my father was denied the parent PLUS loan which I was depending on to pay rent and buy ...
- 103