Should I take out Federal Direct Subsidized Loans? Hi, I am a rising college senior. I have around 20k saved from internships; and my tuition/finaical aid was released the other day. Long story short, tuition + rent is going to be around 20k. So I can make it out this year with no loans. However the government is offering me $5,500 in federally direct subsidized loans. Wouldn’t it make sense to …

Questions about SSDI, having a child, and student loans. I (35M) just recently got approved for SSDI due to Stage IV cancer diagnosis. Also, my daughter was born just over a month ago. Do I qualify for additional supplemental income for her? I called my local SSA office and have a phone appointment set up in a couple of weeks to discuss this. I’m sure all the answers will come out then, but I was curi…

My student loans are paid off!! What do I do now? Here’s where I am: No student loans for me (yay!) Husband has loans in deferment while he’s in grad school. Not sure how much or interest rates No credit card debt with interest About $2K on a card interest free until next summer 2 cars paid off About $5K in savings Own a home, about $280K left at 3.5% interest Do I pay towards husbands loans t…

How should I go about paying off my student loans in a reasonable time? Right now, I have a total of $50K in student loans. I have $9000 personally, my mom has $40K of it. I make $79,000 a year, and including utilities my monthly rent is around $1500. I get paid every 2 weeks, so after taxes + benefits I’m bringing home around $2200. How much should I allocate to my student loan? Is it recommended to go full throttl…

Closing Student Loans account(s) The student loan pause will be ending in a few weeks. Thankfully for the past two years since graduation I have been in a profession that allowed me to work a large amount of OT w/ bonuses so that I can pay off my loans in full when the pause ends. My question is: Should I pay off all but a dollar or two on my loans and pay interest each month …

As a seasonal worker who is unemployed more than not, am I just barred from being able to take out loans? I (20m) work seasonally in Alaska. Every year I’ll work the summer and fall, and take winter and spring off. Maybe during the off season I’ll pick something up at Walmart/McDonald’s, etc. Usually during that time I’ll be going to school as well. I’ve found that this arrangement has made applying for loans nearly impossible. A lot of places want…

Should I pay off loans in full or pay off monthly? Hey I have the $ to pay off my student loans in full. After paying I will have around $18k left in my savings. Is it dumb to pay it all off at once? Or should I pay off the highest amount remaining group loan every month? (Example: Month 1; pay $7k to cover highest group loan – Month 2; pay $4k as this will be the next highest loan, etc) Only wo…

Should I pay off all my Student Loans right before re-payment begins? I graduated Uni in 2021 with about $32k in loans. I’ve been fortunate to land a decent job and have so far paid off $7k so I have 25k more to go. I’ve been living at home and stacking my cash while repayment is paused and come august I will have enough to pay everything off immediately. My question is should I? I’ve had some tell me go debt fr…

Why is my Interest Rate for Student Loans High? I thought I would post here thinking that at least a few people would know the answer. My sibling and I applied to Sallie Mae. I was given a way higher interest rate compared to them. I got 11.5% (defer) or 10.5% (interest payments). They got the lowest possible given of 4.50% (interest repayment). Is it because we applied at the same time? Majo…

Should I pay off my student loans ASAP or save up for other things? (NL) Hey, so I’m about to graduate from university and have a very good (at least for my field/country) first job lined up in September. I’ll be bringing back ~3251 euros per month after tax, and will also recieve an annual bonus of ~3901 euro. I am graduating with about 20k in student loans which i believe has an annual intrest rate of 1.78%. My cos…

Pay off $25k student loans or save for house? Not sure what my next steps should be and would really appreciate any advice. I make $63,000 a year and I am currently living with my parents for a year. My only expenses are my monthly student loan minimum payment and car payment ($375/month). I have $25,000 in private student loans with an interest rate of 10-11% across 5 different loans rang…

Scholarships and Student Loans Hello! I just found i that I will receive an 18k scholarship (9k a semester) for my grad program. This scholarship will completely pay for my MPH!!! I am very excited but I have a question. I already accepted my fed loans for school. Should I still accept the loans and invest the money or should I figure out the process to unaccept the loans? I …

Should I pay about 80% of my student loans off now? So I have 56k worth of student loan debt all federal as well. I got my bachelor’s and my masters all for 56k my interest rates are between 3% to 5%. So my question is I got a good chunk of funds to pay this off. If I do this I’d be left with like 10k of my loans. My other plan was just to make about $2k payments a month and have this paid off wi…

Should I pay off student loans Between my wife and I we have about $10k in federal student loans. We have enough in our emergency fund to pay these off prior to the interest starting to accrue again in September. What are your thoughts on taking a sizable portion of our emergency fund to pay them off. Is it worth not having a large safety net? Or is it better to deal with the…

What should I do with my student loans? What should I do with student loans? So payments are restarting and interest will be starting to accrue again. I have read most of the gov docs out there but they are written in Fischer Price language and do not explain how amortization is going to work. About me: 1. 24k in student loans with the vast majority being (18k) being unsubsidized dire…

Is it worth nuking my student loans? Advice Appreciated! I’m an American, 24M, pretty good with money and proud of my 775 credit score. But when I was 18 and stupid I decided to fund my education with Discover Student Loans on a variable rate. I’ve paid it off pretty aggresively, and it’s down to a total of ~21k but the rates are so high. I have 3 loans of -$5500 @ 8.4% -$7400 @ 7.6% -$8100 @ 7.6% …

Should I trust my parents to pay for my student loans? Hi reddit, Hopefully you have some advice for me. My parents do not make a ton of money but would like to pay for my schooling. The deal was that if I went to a state school and commuted that they would pay. Then the pandemic happened and all student loan payments were frozen. I ended up gradutating with around $40K in total. After I finished I …

Student loans are going to crush me So with the loan payments kicking back up in a couple of months i have come to the realization that my payments are going to crush me. My family lives within our means, 1 average car payment and a relatively low mortgage for this day and age. With the way our lives have played out we haven’t really been able to put any towards my loans over the…

Not sure whether to pay off student loans at once Yet another question about student loans. I have most of my money in a HYSA with 4.15 APY. I am 24 years old and want to save as much as possible to eventually buy a house. Very disappointed with the supreme court ruling, as I got pell grants and all my loans would’ve been wiped out. I make $47,000 a year before taxes. Been at my stable job for…

I have just enough savings to pay off student loans. Pay it all off? Currently have a stable career, been saving like heck the past 4 years since I graduated taking advantage of the student loan pause. Foolishly thought it’d last forever so I was planning to purchase a home. Now reality has set in. Once my next paycheck is received, I’ll have slightly over the amount of student loans I owe (100k), meaning that if…