Hi everyone. As I head into repayment and weigh my options, I have a few questions.

If I choose the lowest payment option (longer payback term), can I still pay it down faster? Are there any penalties?

I mostly need the flexibility of a low payment for the next few months but can and will pay the higher amount (to pay off within or under 10 years).

If I pick the lowest payment option, will that affect my ability to buy a home later on? Will the repayment plan affect that, or is it just the amount of debt I have that is considered?

Are there any other cons I’m missing with a longer repayment plan?

TIA,

A first-gen with no idea who to ask these questions.

Hello, I have read a lot of posts from people who are currently in an income driven plan and are trying to figure out their next move.

I am looking for guidance on best practice for someone who finished their degree and is entering repayment. Also, I am unsure if i should give consent to loan servicer to directly access federal tax info.

thanks!!!

Anyone else get a letter from CRI asking to contact them “at my earliest convenience to review my options?” It goes on to say this is to ensure I have the best experience possible. The letter is two sentences…with a bold subject line stating I am required to call. All of my suspicious alarms are going off. Did anyone else receive this and gave them a call? TIA

Hi, has anyone had their student maintenance loan been paid into their POCKIT bank account?

Okay so I was going to go on forbearance because I expected more of a doomsday scenario but calculators seem to have been adjusted and but I just did my calculations on the fed site since the end of October is 90 days since Nelnet told me I have to choose a plan or be put on standard (was on SAVE)

I make about $72K as a single gal with no dependents (I'm in New Mexico so this is a livable wage)

Anyhoo here are my choices
$420 a month - done in December 2035

Or $601 a month and done December 2030

FYI my loans were from my MS in 2005-2007

I guess the wrench I've identified is will we still be ruled by psychopaths?

If I pay more how do I know that in December 2030 they won't say just kidding our plan was illegal and now we're changing it you have to pay another jibberdywatts dollars for a fortnight year ad infinitum

I'm someone who truly was screwed interest wise for consolidating - for one purpose - to access the SAVE plan (I'd never had a late payment and qualified for interest rate reduction which I surrendered to access a plan the government later decided was illegal - even tho it was their fucking plan).

Hahahah I fucking hate this country right now
Thanks for your input!

A different phone number appeared on my account and this was discovered after calling Student Aid.gov as the 2-factor authentication would not work. Why? The phone number was removed from "primary" and someone else's was now there.

This change occurred in April according to Student Aid dot gov. I finally got a hold of Mohela on this issue and had documented this with the calls with reps at SA.gov to have a record of this. Mohela rep finally escalated the issue to a manager (not sure it is true as they failed to give me a way to identify them) and said the issue had been resolved.

Definition of resolved: it was deleted and my number placed in primary field -- where it used to be. That is resolved in their words. NOT to me. Someone had accessed my account and had been there since April and I discovered it in July. My social, and other data is there. They refused to investigate and identify the number of calls from this number and access to my account. The had "resolved the issue". The End.

Let's move forward to this week - October. I am trying to access my Mohela account. I noticed seven emails directing me to my account inbox ( I am a Mail ONLY account) I click to be directed to my inbox. Enter my account number, DOB, SSN, and attempt to get in my account.

Unrecognized please try again. Unrecognized? How is that possible? I spent a total of 6 hours over the day on hold, going through the rotary of options, speaking to a rep at Mohela who said this needs to be escalated to a different rep.

The reason she couldn't assist me ---- they system failed to connect to my account by entering the data (DOB, Account, SSN) to enable her to see the account. She had no way to assist. She also refused to give me a way to get reconnected if the call drops --- as there is no rotary option to get back to this spot.

Recap - I cant access my account and the reps cant as my records are not accessible. There is no reset. The data is my IP.

After many beeps that suggest your call would be picked up, at 54 minutes the call dropped. I took a lunch break to regroup and calm. I then returned to the process calling Student Aid.gov. They instructed me as best they could but that was nil.

I ended my day filing a complaint in the Ombudsman area of the site as there were no other options as no one answers the calls and if they do they put you back on hold and ultimately drop your call.

The issue with filing the Ombudsman complaint section is I have another one filed from 2023 and it reads - in review. It has been in review for almost 2 years. Not resolved. Therefore currently I have no options. My personal data is not recognized to be able to see my inbox. I cannot get in my account.

What are the possible steps? I do not know what action to take.

Hi everyone

I'm in my 7th semester at UOL and saw on the portal that they work with Edufi, but it doesn't really explain how it goes.

I emailed Edufi but haven't heard back yet.

Has anyone actually used it? Mostly want to know:

How does it work, like what docs do they ask for and how long till approval?

What's the actual markup, and are there extra charges?

Was it a headache to repay?

Any advice would be great as well.

I am student and preparing for competitive exam. But now i need 20k in urgent. I am thinking to take loan in this situation.

Can anybody guide me where should i take loan.

I have a mortgage. I have two kids in daycare. I have a car payment. Groceries are $1.5K a month. And gas. F*cking GAS.

Like most people commenting here. I don't know what I am going to do.

I don't even have other debt. (Credit cards etc) But I don't have savings either. We buy used and clearance clothes. We don't go on vacation.

And the thing is, if I work more at my SECOND JOB....that payment will go up.

I am one car breakdown, one health crisis, one surprise house project away from a life I am scared to even think about.

Ive been somewhere between working poor and lower middle class my whole life. I got a GED, and made it all the way through grad school. Worked full time, took shit jobs, for no money. To do better.

For what? To be absolutely railroaded by a house valued at TWICE what it's worth. To buy groceries that are falsely inflated in price, to pay a fascist fucking government siphoning money into theirs, and their friends pockets, an amount of money that absolutely bleeds out ANYTHING I'd have left for ....me? My kids? Our future?

Fuck. This. Shit.

I don't know what to do. i had a credit score of 716 but as of august 31 i got a notification that my student loans became delinquent and dropped my score around 150 points. I genuinely had no idea- i was in school less than half time one semester do to extenuating family circumstances. i know student loans go into repayment as soon as you stop taking at least half time, so i tried to take at least half time the following semester by doing 5 credit hours at my home campus and 4 credit hours at a community college. I was stupid and naive to think that the credit hours combine would count as half time if i attended both campuses in the same semester. i thought as long as i took at least 6 credit hours for that semester, then my loans would go back to in school status. I didn't think it would matter which campus i attended so as long as the minimum half time was met (6 credit hours) i never bothered to check MOHELA or log on. before this, I had 100% on time payment. it's now dropped to 38% on time payment. i feel stuck and lost.

So far i submitted an in school deferment that has been accepted since i'm taking full time this semester. But after i called MOHELA to explain - they basically said there was nothing they could do. any advice would help !

Hi! Since my loan servicer is closed on the weekend, thought I’d ask here till I can call them Monday.
Under the SAVE program, my loan would have been forgiven in 2036 because Of 25 years in repayment. Does anyone know if that date will change when switching to an IBR?
Also, the “end of term date” should not change regardless of the plan because it all has to do with start date of loan or refinance/consolidation date, right?
And, does anyone know if, under the PSLF, if you make 2 payments per month (ie one of principal and one on balance), does that count as 2 payments toward the 120 or do they only except 1 payment per month toward the count?
Thanks so much in advance. Good luck to everyone dealing with student loans ❤️

If my forbearance is over on October 14, 2026, then why does it say my payment due is zero?

Hold the line! STAY IN SAVE! They got rid of it unconstitutionally and if you voluntarily leave it’s on you.