Do/Did You Have Student Loans?

Just got a decent sized check from the Department of Treasury and thought "hmm that's weird, I wonder if this is tied in to my student loans?"

Decided to log in to see if I had missed something.

Spoiler

LET'S FUCKING GO!!!

 

That’s awesome. Mine were forgiven because of the PSLF program. I’m expecting a check because I had 31 more qualifying payments than I needed. Fingers crossed I actually get it.

 

I'm guessing that's what happened for me. I think I filled out the PSLF application back in August (maybe even earlier), but I just completely forgot about it and had in my head that I would be reaching 120 payments around December.

 

did they say they are going to refund overpayments? I must have missed that

 

https://studentaid.gov/help-center/answers/article/what-happens-if-my-pslf-app-is-approved

 

Interesting. My loans were forgiven after they did a review and credited me with a bunch of payments, but I never received a refund check. I can’t imagine my payments were perfectly at 120.

 

Do you know how many payments you had made before COVID?

 

Depending on your borrower, you can track/see the number of qualifying payments you made. I’d call either your provider or the federal student aid line, or both.

 

Had a buddy have his forgiven this week. He was pumped, happy for him. Med school and Public Service through the CDC

Pretty depressed that due to my MIL randomly choosing the wrong federal program 20 years ago, my wife's 20k in loans will not be forgiven with everyone else's

 

it was between 80-90 depending on the loan.

 

yeah - it was myfedloan, which went under, so I might try the federal student aid line.

 

If you didn’t make more than 120 payments, why would you expect a refund?

 

because they went back and recredited me with 30-40 payments that were not counted for reasons they later determined were incorrect.

 

sucker

 

Ah, I was asking how many payments you had made, not how many you had been credited for. Hopefully a few phone calls will get you a nice refund check.

 

Forgot how little self awareness this post had. Nearly an all timer

 

I'd love to give my wife some financial education classed so she could go back in time to teach her single mother how to be financially savvy enough to send my wife to college, the first in her family with a degree, fully paid

Houndster pls advise on these courses

 

I think the solution is if you’re not wealthy enough to afford paying for college in cash college you shouldn’t go and enjoy your minimum pay job until your dying days.

 

My wife probably should have learned a trade.

Maybe she'd be a good welder

 

Me- yes I had loans, only for graduate school and paid them off by age 32 (currently 36).

Wife- had loans until last year (age 31), undergrad only.

 

I'm not as grateful for as many things as I imagine I probably should be, but not being crippled with student loan debt is one thing I will always be thankful for.

 

I have law school loans and my wife has loans from a medical school where she got her masters. We both qualify for PSLF and they will all be gone in 6 years. Our monthly payments are going to be pretty gross when they kick back in though.

 

Because I put #thanksbiden in my social media post, I currently have someone in my DMs trying to argue about how unfair Biden's loan forgiveness is

 

You should pay them off. It’s the right thing to do

 

I know right? Making less than I could to work in a field of public service isn’t enough. I am the drain on society.

 

I think I said this before, but she has months to consolidate with Mohela and then have them all forgiven even if they were FFEL/Perkins/whatever did not qualify previously.

 

No

 

2027 is my pslf year. My salary has nearly doubled since pre-covid pause so I'm terrified of what my payments will be. Spent the pause paying down all the rest of my debt so at least I'll be ahead a little bit

 

nope. I live in a socialist hellscape with free education. I even got paid to go to school. I wish i had freedom so i could owe a lot of money.

 

I didn't have any but MLS ran up a nice tab.

She moved out here during the nightlife heyday though so I think she paid everything off in like 2 years.

I was about to have to take out 120k for an MBA at USC but I dropped like the day before the pay date and just took a job instead.

But I got a solid week or so of Marshall Business school for the resume.

 

Kinda hypocritical of you to be judging everyone’s clothing and shoe choice when we are paying off your lifestyle.

 

She doesn't qualify for public service forgiveness

 

You’re a weird guy, Ace.

 

None for undergrad. Yes for law school. They are paid off.

 

I paid off mine in about 13 months but Hollywood was ridiculous then, a 5 or 6k walk home was not really unusual

 

Dude not everyone works in hospitality - I'm assuming you mean take home.....I hope.

 

Kinda thinking hospitality is code for escorting and MLS is a modern Heidi fleiss

 

It’s a little sad a part of your Saturday evening was spent re-reading a 2 year old thread on student loan forgiveness.

 

I was extremely lucky. Started in public service and took full advantage of their full tuition reimbursement program. Got three degrees fully paid for. I've been saving for my kids to help them out when the time comes.

 

Not as sad as making that post

 

I was wondering if people paid females to walk down the street with them

 

Graduated with no student loan debt and I'm forever grateful for it.

I was deciding between UMich (at the time, my dream school) and Rutgers (in-state school). I forget the exact numbers, but I think out of state tuition & fees for UM at the time were in the $40-$43K range, while Rutgers in-state was like $9K. I got a little bit of financial aid from UM, but not enough to really make a dent. Rutgers offered a really good academic merit scholarship, to the point where my net tuition & fees came to something stupid like $3K per year (all of these numbers are before room & board). Being a 17 year old kid, I wasn't really paying attention to the numbers until my guidance counselor sat down with a spreadsheet and went over everything. I made the decision to go to RU after having that meeting with him and I can't thank him enough. I would have graduated with well over six figures of debt had I gone to UMich, but was able to pay for everything for Rutgers out of pocket. I also commuted to Rutgers my soph-senior years and got additional business school scholarship money my junior and senior years, so I basically went to school for free the second half of undergrad.

I do still have some regrets about not getting out of state for college and wonder what it would have been like had I gone to UM, but graduating with no debt was definitely worth the decision to stay in-state. I vividly remember my first year out of college and talking to friends about their debt load and getting sick to my stomach hearing them talk. Being able to max out your retirement accounts from the get go instead of having to make monthly student loan payments cannot be understated. That shit snowballs very quickly.

Moral of the story: go to your in-state school you idiot.

 

I had just under 30k when I graduated. Paid it off over the next 5 years or so I think, using most bonuses for it. Definitely a big relief. It was only so "low" because I went to the in-state school. my wife had a lesser amount as a teacher but her parents came into some money and paid it off for her.


I made that decision when I was 18 and believe me, the fact that there may have been a 100k+ type difference in costs had I chosen the other school barely even crossed my mind, and if it did it was waaaay down the list. Scary to think how much that, or marrying somebody with loans, could've affected my finances for the rest of my life

 

I bought a motorcycle one semester with my extra living expense loan money
I did work, so I really probably shouldn't have been taking out so much extra, as I could afford my rent etc most of the time

I was a genius!

 

Not that hard to do a thread search where user = dipshit

 

Variable rate refi was great during covid but interest rate is starting to really get up there so will probably pay them off early this year. I’m going to get completely trashed the night these suckers are finally gone

 

I woke up to a random email about a year ago saying my 200k in loans were forgiven. I was in utter disbelief.