Used to pay US student loans through Myfedloan, but the site is down, who to contact? So, I haven’t been following my account as closely as I should have and I know the payments have to resume again next month. I was previously paying my loans through myfedloan.org, and the site seems to be down. I recall the last interaction being that I new servicer was taking the loans over, but I didn’t anticipate the site being down. Is anyo…

Pay off student loans or make down payment on house? Recently moved to a new state. Currently renting for ~$2100/mon. Have ~$150k in the bank from selling our previous house. Have ~$110k in student loans. We’d like to buy another house at some point soon, but prices are high in our new area (prices for a home seem to start at around $350-400k and go up from there). I make about $140k/year with whi…

Pay Off Student Loans or Buy a House? Hey all, just wanted to get some outsider opinions on my current financial situation and some advice on where to go from here. Thanks for the input 🙂 Background: 30 y/o, married, no kiddos, located in a relatively low cost of living area (Middle of US). Wife and I both have our Masters. I work for a private consulting firm and she works in pu…

Should I spend my $7k savings on reducing my student loans before repayment begins? So I have about 30k left on my student loans, and am on a repayment plan that would have me pay $1,300 a month once payments restart. While I have an okay job, it’s a lot more than expected (because I’m married to someone who makes more than I do) and I’m not sure I can do it on my income (since my husband and I have separate finances) consideri…

Should I use student loans to pay off credit card? I have 2.7k in credit card debt. I cannot afford more than minimum payments of 83 each month. The interest is 22.4apr. I should also mention this is a closed account but it is not charged off yet. I can take out enough in subsidized loans to pay that off completely. I won’t graduate until summer of next year. Should I take out the student loans…

Have student loans and enough to pay them off, am I crazy for thinking it’d make more sense to invest the money instead of paying the loans? Hi so as the title says I have $83,000 in student loans, about $15,000 of it are undergrad Fed loans at around 4%, the other $68,000 are graduate Fed loans with half at 6.1% and the other half at about 6.6%. I have more than enough saved after the COVID pause to pay back all of it outright but I am not sure if that’s the best course or not. Rig…

Should I pause my personal 401(k) contributions to pay off student loans? Hey all! My company puts in 6% of my salary (100k) into my 401(k) regardless of what I put in. Do you think it’s a good idea to set my contribution to 0% for the time being so that I can focus on paying off my student loans in 2-3 years? My student loan balance is $32k and interest will be 5.005%. If I set my 401(k) contribution to 0%, I will b…

401k plan does not allow loans Background. I had to take a 150k loan at 8.5% over 5 years for my divorce settlement. I have that in my 401k, however it doesn’t allow loans. If I leave my job can I roll that into a 401k that allows loans? Obviously I’d rather have my 401k get an 8.5% return AND not have to pay the bank 8.5%. The payment on the 150k is basically crippling me. N…

Should I just pay off all my student loans I have about 10k in student loans which will begin accruing interest again in September. I have enough liquid cash to wipe it out but it will take all my savings and eat a bit into my emergency fund. Should I just pay it all off at once? I make a pretty good income at around ~100k, it’s just the thought of seeing that low of a number in my bank …

Pay off student loans? With student loan payments kicking back in soon I, like many others, am trying to figure out the best way to allocate income and savings. For background I currently earn $145,000 per year in a hcol area with an annual bonus that’s usually around $25,000. I may leave for a government job that pays less ($120,000 – $135,000 expected per year) tha…

Does it make sense to pay off my student loans when their interest is so low and I’m getting a mortgage in a few years? Relevant info: I have 32k in student loans, ranging from 3.76-5.05%, about ~100k in a HYSA at 5.3%, and no other liquid assets (rest is in retirement accs). I intend to purchase a house in 2-3 years, so I don’t want to take the money from the HYSA and put it into the market. I am already maxing out my 401k and IRA contributions. I don’t care ps…

$ at Student Loans Before Sept – All to Principal? Trying to be strategic with a bonus I’m receiving very soon. If I put that money toward my federal student loans this month, it will all go toward principal, correct? But this month (August) is the last chance for that to be true because interest will be a factor again starting in September… am I understanding that correctly? I’ve just not been…

Should I just wipe out my student loans? I owe like 22k in them and have the cash to pay it off. Kinda don’t want to deal with monthly payments starting up again so contemplating just paying it all off and moving on. Or am I jumping ahead here? submitted by /u/OkText00

School loans for Someone going into a nursing program I have a son going into a nursing / medical program that will get him into working at mayo eventually. I’m trying to see what i can find out there for Nursing loans / programs that might offer him lower interest rates. nothing is really jumping out at me right now ​ submitted by /u/Throwawaygeekster

Pay Down Student Loans or Invest? Student loans are coming due and I can’t decide between paying $3,892.87 per month for 5 years at 6.10% apr or doing a lower monthly payment and continuing to try to invest in real estate. I have a little over 30k saved up now and plan to buy my first rental property soon so I know I would be able to have 1 investment property if I aggressively …

Girlfriend using student loans to pay off cc? Hey all, asking on behalf of my GF. She is currently in her masters program and up to now has 0 student loan debt due to pell and cal grants, as well as scholarships. This year, she got an offer for free tuition + a job from her school, which she accepted, but it limits her to ~20 hrs a week, which would leave her with a limited budget. However…

Should I pay off my student loans before the interest returns? Posting on behalf of my wife. I have about $32k in student loan debts that have been in deferment for the past few years. Within that timeframe I have been able to save up about $42k in savings. I have no outside debt besides a $4k car loan and live in a HCOL area while making about $115k a year with a rent of $3100/month. My husband makes abou…

Would you pay off low interest (4.4%) student loans under my circumstances? As most of us know, student loan interest kicks back up in a few weeks. I graduated from college during COVID, so fortunately none of my loans have every accrued any interest. I have some money I could move around and get them gone, but I’m wondering if it’s the best move since the interest rate is so low. Here’s a breakdown of my current situat…

Discharging Student Loans in Bankruptcy Show Mixed Results Last year, the Biden administration provided a new path to make it easier to discharge student loans in bankruptcy. The results appear promising, but success has been limited.

How to payoff $76K in student loans now that pause is almost over? I have $76,000 in student loans, a few totaling about $17,500 in my name and a few totaling $58,500 in parent plus loans that I am paying. Currently I have about 69K in a HYSA(4.25% interest) that I have been saving during the pause to pay the loans off. Now that interest is starting up soon again I am wanting to pay then down with my savings bu…