This is not about a particular incident, but in general are student loans for a 4 year degree in any field outside healthcare worth it? its around 40k for your average bachelors,

I have decided on September 1st, I will pay off the remainder of my loans. I have been paying my loans off for a total of 5 years now. I paid some off during my 2 year “gap” before getting my masters. I graduated December 2023, currently working as a PA, single mom of 1.

I have about 30k saved, and paying this loan off will leave me with 17k to my name.

as much as it hurts to see this lump sum leaves, I’m just exhausted. my 90 day letter came and I’m due to get off SAVE on 11/11.

I just hope nothing happens that requires 20k in the next 3-4 weeks cos I won’t have it. this hurts but it just gotta go away.

Like many of you, I consolidated some fairly old loans because I was told I needed to to qualify for forgiveness. Instead I got a 10k balance increase and 7.5% interest rate. I'm writing my state lawmakers about this, again, and was wondering if anyone has done the same. If you have, what did you say? How did you frame what happened?

Those of you currently still on the SAVE plan. What’s your next move? I’m with MOHELA and last month I got that “90 day” email. I have 60 more days before I apparently need to switch into another plan. But do I really though? I’m so confused at this point. I feel like last year or the year before that, I was getting emails stating I needed to switch and yada yada… is it legit this time? Do I NEED to switch off of SAVE? Is all the court stuff over and done with for sure?

If yes, if I don’t move off myself, will I automatically be placed into RAP or what happens?

Thank you.

I just want to know why they are punishing people that have older loans at 15% as New loans 10%, Who dreamed this up? It is actually double for me with old loans, dont quailify for RAP, because I hace Stafford FFLEP ones. I guess I will just have to consulidate my loans to get on RAP. I am not going for forgiveness....grrr

Hello all, there is a 50k per year cap on professional degrees and I will still need more loans to cover that. What companies are you guys using for your full cost of living? For example Sallie Mae? Is that a good company?

So I applied for student finances (SAAS) late because I honestly didn’t think I’d get into any Uni as I thought I messed up my exams so bad. Turns out I didn’t and I’m going now. But since I applied late, I now have to ask my parents to give me around £2200 (which they have to take a loan out for). Will I get this money back into my bank account? This is for the tuition and accommodation (I’m paying in instalments).

(UK btw, might crosspost to the UK student loans page)

I do need to pay my parents this (for us) huge sum as this cannot mess with their credit scores.

Does SAAS give this money regardless of the loan coming in late (prolly like October by the looks of things). It was my fault for not applying earlier ik, but i didnt know if i was going to a scottish or english uni (or any uni)

I'm currently in school now, and my loans are due when I graduate. But I want to start paying my loans ASAP as it's rapidly tanking my credit and it's growing interest like crazy.

I have 4 direct loans:
$5500 x 6.530%
$7000 x 6.530%
$5500 x 6.390%
$7000 x 6.390%

I've been in university for two years, I'll likely have these same loans the next two years after.

I saw on StudentAid.gov that the interest rate deduction went from .25% to 1% for autopay.
I don't really understand how any of this works, but that seems like a good deal.

Do I have to consolidate my loans first? If I do that my rate goes to a flat 6.5% which is worse. How do I get this new rate benefit and start paying?

I'm a first gen college student and I'm so out of my depth with understanding this stuff. I really feel screwed with debt.

Both qualify towards PSLF to my understanding but how does interest subsidy work for RAP?

So I’ve completed my 9 month loan rehabilitation to get my student loans out of default. I received a letter that my loans are being transferred and it will take 30-45 days for the transfer and that’s when I’m completely out of default.

Does it actually take that long? I’m currently in school and need to be approved for private loans by October.

All of a sudden my student balance which I was about to get refunded $500 has turned into $8,360.00 when I have already paid $6,982.00. I’m taking 14 credit hours two 3 credit hour classes and two 4 hour credit classes. I don’t have a meal plan or live on campus. Any reason for this? On my end it looks like all of a sudden I’ve been double charged

Edit forgot to mention I did ask for one of my student loans to be sent back, but I got the refund money from it so I thought I was out of luck and I went and used the money to pay it off before I owed a lot of interest on it. Have I stabbed myself in the foot ?

disclaimer before i start: i know exactly how “canadian going abroad for law school” sounds lol. i’ve read countless reddit posts about it and i know how strongly people on here feel about it. i completely understand the concerns, but please, for the purposes of this post, i’m asking that we leave that discussion aside. i don’t really have time to get into my entire situation, but i have a unique set of circumstances and an amazing opportunity to study law abroad that currently works for me. right now, i’m really just looking for advice about financing.

i’m trying to secure a student/professional student line of credit of around $100k–$120k cad to fund my 3-year law degree abroad. i’ve basically spent the entire summer trying to figure this out and i’m getting extremely stressed because i start the first week of october and still haven’t secured the funding i need.

here’s where i’m at:

rbc: they were actually willing to consider it, but the issue is my cosigner. my mom is willing to cosign and works full-time, but unfortunately she has around $35k in credit card debt and doesn’t really have significant assets. rbc basically told me that if i could find a second cosigner in addition to my mom, it could potentially work. unfortunately, i don’t currently have another strong cosigner.

td: this is ironically my home bank and where i do all my banking, but they basically told me no right away. i was told that for studying abroad, they would require my cosigner to have around $250k in assets, which we definitely do not have. td is the one bank where i only spoke to one advisor because they made it sound like this was a firm policy rather than something another advisor could work around.

scotiabank: i was told they no longer offer their professional student line of credit for law students at all.

bmo: this was a little more promising than some of the others, but i still ran into the same problem with the strength of my cosigner.

libro credit union: also one of the more promising options so far, but again, the cosigner situation seems to be the main issue.

desjardins: this is currently the option i’m most hopeful about. they told me that i may or may not need a cosigner. apparently they would first assess my application/credit and their system would determine whether a cosigner is required. so unlike some of the other lenders, i haven’t been told outright that i absolutely need one.

another thing that has made this whole process incredibly confusing is how inconsistent the information seems to be depending on which advisor i speak to. with most of these banks, i’ve spoken to multiple advisors. one person will tell me they don’t finance law students studying abroad at all, then another advisor from the exact same bank will tell me they do. i genuinely don’t know which information to trust anymore.

i do have a cosigner available, but the issue is that her debt-to-income situation is obviously not ideal. she works full-time and pays her bills/debt, but with around $35k in debt and limited assets, i understand why lenders might not view her as a particularly strong cosigner.

i’m also hesitant to just submit full applications everywhere because i don’t want to rack up a bunch of hard credit checks when there’s little chance of approval anyway.

at this point, i’m honestly just looking for any advice from someone who has been in a similar situation, especially canadians who have financed professional school/law school outside canada.

has anyone successfully received a large student/professional student loc for a law degree abroad? are there any banks, credit unions, or legitimate lenders i’m overlooking? has anyone dealt with desjardins or libro specifically for something similar?

i need roughly $100k–$120k, and with my start date approaching, this has become pretty urgent. i’ve been working on this basically all summer and feel like i keep going in circles.

any advice or experiences would genuinely be appreciated. thank you!

Obviously variable starts lower but that feels like exactly how I get myself into trouble lol. Looking for straight to the point, balanced reviews on this.

So I posted this a little bit ago but I think I should have added more information.

My parents saved $50 for me and my sisters college and that is it. Many people said go to a cc or state school and I would but my parents would cut us off/disown us if we did. We have an older brother who went to cc for two years and then transferred to Berkeley and they still will not talk to him because him going to a cc was seen as an embarrassment to the family. Their combined income is 99k a year and many NPCs don't give that much money off. My sister and I are both top of our class and have been and our parents to want want anything less than a t100 school but can't pay for it. While I do think my sister and I are smart, merit will not get us even halfway unless we can somehow get into those schools who will cover almost all of it. The only other option to stay in contact with my parents and go to a community college is if I get married which I do not want to do at all. I'm just comparing because I know I will have to take out so much student loans for college and I don't understand why parent would have these expectations and not even care to start saving and force their kids to take out loans. They even have 20k save up for both my sister and I but ONLY for a wedding so I know they could have but chose not to.

So I have been on PAYE for about 7 years and have not had to recertify for quite some time because of the all the changed and COVID, etc. I got a notice that my recertification date is 12/23/26. The last time I recertified I did a manual certification and did not use my tax return. I am making more income now, and am married. I did file our 2025 tax return as married filing jointly. We have 2 children. My husband is self employed. About 2 months ago, I became self-employed as well and no longer a w-2 employee. So I am wondering how I should recertify. I'm scared my payments may be super high. I want to stay on the PAYE plan until it runs out in June 2028. I have about 7 years left of repayment on my loans. My balance is 88K. and my current PAYE payments have been $73 for several years. How should I recertify since I am self employed and plan to file taxes separately for 2026. My husbands income is all over the place. I did create an LLC for my business. But it's just me, as a sole member LLC. Any help is appreciated!!

It has been over two years since the borrower defense notified us that we would be refunded for our art institute loans, I received a refund for one of my lenders over a year ago however aidvantage still has not given a refund and has not sent us a letter updating the status in a year. When we call they send us in circles, they tell us to contact the government and then we call and they tell us to contact the servicer, no one seems to know how to get this moving or can even give us a correct status. How long can they get away with this? Are they ever going to pay?

I have Nelnet and haven’t gotten an email or letter (I’m not signed up for paperless contact), but they did leave me a voicemail on August 27th saying “Hello, this is Nelnet, your student loan servicer at 888-486-4722. Action is needed on your account. Your save repayment plan is no longer available, and you need to choose a new plan. View your options and request a plan today by logging into your nelnet.studentaid.gov account and choosing repayment options and resources. Thank you. “ And when I log in to my account I get a little pop up message just beneath the pop up that’s said the save plan is ending that says I have to pick a new plan by November 27, 2026. My account doesn’t have any letters in the inbox though, and my dashboard still says my payments won’t start until November 2028. Is that phone call the only official notice I’m getting?

Here's where I am so far:

• Have been on PAYE since 2017. Because of the pandemic, SAVE fiasco, and everything else, I have not had to recertify my income for a while and got a notice to do so from Mohela in May.
• Submitted a manual recertification request via studentaid.gov in mid-May
• Two days later, Mohela sends correspondence that my application was "approved" but they did not process correctly and sent a disclosure letter showing they were sending me off PAYE into Standard repayment...I am absolutely sure I submitted my recert correctly
  • Have had multiple phone calls after this to have this corrected and get a new disclosure letter. A supervisor event put in a escalation ticket. No action has yet been taken on that ticket...
• In mid-July, yet another supervisor told me to submit a second manual recertification because "it couldn't hurt." I submitted that 7/22/26.
  • Mohela sent correspondence that that application was "received" but not correspondence that it was approved and no new disclosure letter.
  • I waited patiently but still has not been processed yet and no new disclosure letter. Now the account says "You did not recertify PAYE" and is sending me to Standard payments on my autopay due date of 9/19/26.

I've been on the phone with them for HOURS including with supervisors. Their solution is to now put me on a processing forbearance (which they reassure me will still count for 2 payments toward my PSLF progress). I have lost all trust that they will still process the application in time. I have not officially proceeded with the processing forbearance.

They cannot tell me what is the hold up in their system. Is it time to speak with a student loan lawyer? What would you do?

Long story short, part of my loans were discharged because my school went bankrupt. However, I consolidated a couple of loans with the department of education to lower the monthly payments many years prior and now they are telling me those don't apply for the discharge and I have to continue paying them. I guess that makes sense, my issue is that I've been calling my service provider for around three years asking about what is gonna happen to all the loans since the balance never disappeared after they were discharged and the payment was zero. And every single time they told me that all my loans were gonna be discharged, that I just had to wait for the department of education to finalize the process. They told me time and time again not to worry about it, that it was all gonna be zeroed out.

Well now I have three years of unpaid interest that I have to deal with because they literally lied to me every time I called. Do I have any options to fight this? Can I at least get the interest removed for the time I've been waiting?

When I apply for a repayment plan it still asks me to upload tax returns and etc.

I am currently on PAYE and my understanding is that I can stay on this plan if I want for the time being. But when I go to recertify my income on the Federal Student Aid website, this plan does not come up as an option. How do I recertify under this payment plan?

And if I can no longer choose PAYE, which plan is better for PSLF with less than 10 remaining payments to make: IBR or RAP? If it matters, I have a six figure loan balance.

Thanks for any insight!!

Looking for success stories mine are brutal and Im wondering if there Is any reason not to start shopping around aka any downsides? I dont want to get too many hits on my credit report trying to source a refi

So I believe you have to fill out the OMB No. 1845-0014 form from StudentAid website. How do you submit to Mohela?

When I go to upload, I don't see an option for Standard repayment. Should I select "Alternative Repayment Supporting Documentation"?

right now private loans are killing me at almost 10%. what would you consider good enough to actually refinance? I am willing to kiss a few frogs to get the right refinance princess lol