Back in February I got hit with 6 90 day late payments. No notice or anything. Credit tanked about 150 points. Anybody ever had luck getting them removed, Or is it just physically impossible?

Hi all,

Im thinking about filing for bankruptcy. Its not something that I want to do but at this rate I dont think I'll ever pay off my loans. The interests rates are absolutely insane. 5-6% per loan.

More about me: I have two degrees and a job that pays $62k. I have been budgeting but the cost of living in my state has increased drastically. Additionally, im at a job that has contributed a great deal to my mental health issues. Well, this year I found out the job wasnt just impacting me mentally, but physically as well. I dont think its fair to be stuck at a job that is draining the life out of you because the market sucks.

Last year I got my TEFL certification online and this fall im moving abroad to teach in Europe. Ill be making less than 900€ per month but I do have a savings (definitely not trying to tap into it). Ive spent my entire life budgeting and it hasnt amounted to much when the cost of living makes it nearly impossible to keep up. This is the first time I've thought about filing bankruptcy and im interested in hearing from those who have done it? Were you successful? What is your story? Im thinking about meeting a lawyer for a free consultation. does simply filing lower your credit score too?

update: also im 2020 I put a large payment down (around $45k)

Hello. I need to rant. I cry almost everyday because this shit is so frustrating, then I remember this is exactly what the republican administration wants. Us to fail. I recently have been admitted to a graduate program. Started summer classes so I could qualify for the program before the (big beautiful bill) BBB. Unfortunately I had loans that needed to be consolidated. I went through all the necessary steps called student aid EVERY DAY FOR WEEKS up till the July 1 date. Sent my application for a repayment plan. 5 days before July 1. Mind you this stupid ass company only take fax, as the “fastest method” like wtf in my opinion to slow down the process. They said the application been cancelled due to the BBB even tho I made it prior to that date. AND NO ONE felt the need to tell me that the 15 times I called before, just letting me waste my time. Now because they were slow to consolidate my loans I have limited funds for my graduate degree and will probably have to take out private loans. MIND YOUUUU the lady in the phone said I would qualify for the previous loan plan and unlimited student aid because I put in my application before July 1. Now they said I have to wait for a new repayment plan application that hasn’t been completed by the government yet. And said to keep a close eye on the fasfa website. This is all bull shit. I’m truly sick and tired of the this trash administration. I just want to work and make money like everyone else but being 25 in the apocalypse is HELL. TRULY HELL. Fascism at its finest

The site where you can check to see if an employer is eligible for student loan forgiveness has been down for a couple weeks now. Any insight as to why? Is this related to the current administration?

My student loans originated over 20 years ago before they had these income based and other loan options. These allow for student loans to be forgiven after 20 years. I’ve been paying on mine for over 22 years. its a 30 year loan. How can I get my balance forgiven?

Hello! I’m a first generation college student so my parents and I are new to everything college.

Is it possible to get a loan to cover housing only? I have parent who will pay my tuition but say I’m on my own for housing. By the time I graduat, I will have roughly 11,000 saved up for housing but I’m not sure it will entirely cover. I’d use my loan to pay for housing then make an 11,000 payment.

In May, I made a payment on my student loans on Mohela. I had not been making consistent payments. The agent on the call told me if I made a payment by July 1st, then I would not be sent to default.

Flash forward to today, I received a notice that I was sent to default and now need to pay my loans through default resolution group. It looks like they are charging me *exponentially* more interest. They are also threatening wage garnishment and other financial penalties.

Is there any way I can get my loans back to Mohela and on a regular payment plan? Has anyone been through this situation? I'm beside myself and would appreciate any insight!

Can someone please help me weigh the pros and cons of being on my current IBR plan vs. RAP? I feel like RAP is too good to be true lol

Loan balance: $141,000
Income: $85,000

I’m wondering what tips, advice, or any information about the loan forgiveness programs available. I think I may qualify as an employee of a public school district but not sure where to start.

I applied for a new IDR plan in may to try and get ahead of the situation currently going down since I was on the SAVE plan, and two months later my IDR was approved and my payments are right around 100 a month.

I qualify for PSLF as I work for a non profit, so I am starting the journey of accomplishing that (3 payments down, 117 to go).

Has anyone gotten judged harshly by a loved one for doing a loan forgiveness repayment plan? I was told by a sibling this morning that by doing pslf I am not taking responsibility for my choice to go to college by taking out student loans.

I tried explaining that the government that gave me the loans also created the income driven repayment options and forgiveness plans, but it seems like that isn’t a good enough excuse for them. It seems like their opinion is that unless I pay the full amount I borrowed, I am not taking responsibility and I’m also not “wanting” to pay my loans off.

The thing is, if I didn’t qualify for these things that are available, that’s what I’d be doing.

How do you deal with the frustration of this sort of opinion being thrown at you? I’m just trying to not feel like I’ll be in debt until I die.

PS. As a millennial? College is 100% a scam. The fact that my generation was basically told we would fail at life if we didn’t go to college was a lot of the reason I went without knowing what I wanted to do with my life. I obviously still chose it myself, but yeah.

/rant

I'm currently on my third year of residency for internal medicine (currently July 2026)

I graduate in July 2027, and expected to work as an attending in September 2027.

I have roughly 330k in debt under (New IBR, 302k original loan at 5.5%, with 30k in interest accrued). Of note my current interest is 4.75% due to checkings account and autopay.

My case becomes complicated because I'm now nearing graduation, the RAP benefits will be minimal but there. I will also need to capitalize the current amount owed if I switch to RAP.

I expect a salary of 330k, and will max out retirement plans to reduce taxable income -etc. I do like investing and have somewhere near 50-70k invested at this time.

PROS to switching:
- Based on the math, I save about 16k to 25k if were to switch to RAP. (16k at the mininum, and possibly more due to the tax form/IDR recertification log once I become an attending. I believe my first full tax form as a full attending and recertifying will be in mid-year 2029.

- Peace of mind with interest not ballooning

CONS to switching to RAP:

- I lose the payment ceiling - estimated at 3400/mo. However, as a hospitalist, unless my investments hit it big, I don't see myself really needing to make a payment more than this.

- My 334k is now capitalized into the interest payment - increasing to about 1.5k yearly or 150$ monthly.

Please correct me if I'm not thinking hard enough, but I feel like RAP or IBR is fine, but part of me thinks RAP is better in my specific case. Thank you

There has been a recent change for PA students where we can now take out up to 50K in loans through FAFSA. I'm just a little confused as to whether to take most through FAFSA and remaining through private loans or not? I don't get the main differences, I feel like I've seen some private student loan offers with interest rates even slightly less than FAFSA which I believe is a little over 8% now. But then I always hear people say they get out their max through FAFSA and the remaining through private. So if anyone has advice about what the pros/cons would be and whether getting a majority of the loan through FAFSA is better in the long run? Thanks!!

Got my 90 day notice on the 15th. I am changing jobs to a higher income. Should I recertify with my current salary to pay less, or wait the 90 days?

Hello! Needing any advice, past experiences, if anyone knows regulations that can be helpful for my situation. My loans were automatically paid off after receiving 100 P&T. Problem is i was suffering from severe mental health issues and did not look at my mail for months. By the time I got any energy to peak and scan at anything it had already processed. At the time i only had maybe a class or two worth of debt on the loan and obviously fully planned and still planning to finish my degree. It's been a couple of years roughly 6 since they processed everything and im finally mentally ready to look into what happened as well as gearing up to finish my degree. Any advice? I do feel that at the time that everything was processed i was not fit enough to handle life task thus why this slipped and why i didnt jump as soon as i noticed, its only in small tiny print that it says that there's an option to defer. Im sure i could get doctors notes and hospital notes to support that i was not well during the time period. Wondering if working with an attorney would help so that i can advocate appropriately? I can only image that this may be a hard time. Appreciate any advice :)

Hi :')

I'm a 21-year-old Medical Laboratory Science student, currently in my last year (woohoo!). I honestly never thought I'd be making a post like this, but here we are lol.

I've been thinking about taking out a loan to pay for my tuition (it's around $800 USD) and I have absolutely no idea if that's a smart decision or if I'm just desperate at this point.

A little background: I moved away from home for school, so aside from tuition, I also have rent and bills to worry about. I'm lucky enough to have a government scholarship, but the stipend is always delayed, and when it finally arrives it basically just goes straight to my rent and utilities.

My family's financial situation also changed a lot over the last couple of years. We used to be able to pay my tuition without too much trouble, but now we're struggling just to keep up with installment payments. My mom is a teacher and she's pretty much the only stable source of income right now, so I really don't want to keep asking my parents for money when I know they're already stretched thin.

People always suggest getting a part-time job, and trust me, I would if I could. 😭 The problem is I'm doing clinical rotations for about 32 hours a week, plus classes, assignments, and studying. By the time I get home I'm usually exhausted. I know some people somehow balance work and school, but I honestly don't know how.

I've also applied for a couple of other scholarships/financial aid programs, but they're still being processed, so there's no guarantee I'll get them in time.

I'm just... stuck.

Part of me thinks taking out a loan is the only realistic option because I'm literally so close to graduating, and I'd hate for money to be the reason I don't finish. But the other part of me is scared of getting into debt, especially since I know nothing about loans or personal finance.

If you were in my position, would you borrow the money? Or is there something else you'd try first?

I'd also love to hear from anyone who got through college while dealing with something similar. And if you know any flexible side hustles that actually work with a busy student schedule, pleaaase tell me.

Thanks for reading my mini life crisis 😭

Hi!

I have a question, before I ask don’t mention anything about how students shouldn’t go to a school they can’t afford or whatever please…

I’m wondering which student loans are best? My tuition is probably 80%-85% covered for by awards and federal loans but I still need at least $6000 to afford some personal expenses and the resting $2000 of my tuition. I’m just wondering which loans do recent graduates or undergrad students recommend.

I am trying to find out if I would be able to have my student loans dismissed. While I was a student, I was harassed by a professor. This ended up as a Title 9 case where the professor in question was fired due to the outstanding evidence of the harassment. This is a situation that still haunts me and plays a negative role in my mental health.

Is this something that I might have a shot of using to have my remaining (~$10k) federal student loans forgiven?

Still show that I am in forbearance with Aidvantage and haven’t gotten the dreaded July 1st email still. Anyone else holding with me until we get a concrete deadline for the new payment plan update?

I'm posting this because I don't think most current graduate students realize these changes even exist. Under OBBBA, students who qualified for the interim ("legacy") exception may only retain access to the old federal loan rules until their Expected Time to Credential (ETTC). There is growing concern that if ETTC is based on a program's published full-time completion time, students who have always been enrolled part-time could lose legacy eligibility before finishing their degree. For many students who rely on federal loans, that could mean being unable to finance the remainder of a program they began under completely different rules.

'm also hoping to hear from students at other universities. Has your school explained how it's calculating ETTC? Has anyone received a written determination or been told how part-time enrollment affects legacy eligibility? The more information we can gather, the better we can understand how these changes are actually being implemented.

My wife is looking to switch into nursing in the near future, and it looks like these are our 2 main options:

1. Private Accelerated Bachelors in Nursing (ABSN) ~$80K: 16 month ABSN with totals costs of $80K all in (tuition, program fees, textbooks, exam prep, etc.) for the program. This program is significantly easier to get into compared to the ADNs in option 2, and has a NCLEX (nursing certification exam) pass rate of ~90%

2. Various Public Associate Degrees in Nursing (ADN) ~$20K: Various public in-state ADN programs; each are relatively similar 24 month programs with total costs of about $20K all in (covers everything similar to the above). These programs are more competitive to get into, and have NCLEX pass rates between 80% - 90%.

Some relevant facts about our financial situation:

1. Both late 20s / early 30s, no kids and renting, but want to buy a house and have kids in the future (4 - 6 years)
2. I make ~$200K a year, wife is currently finishing nursing pre-reqs and is a full time student
3. Spend $7-8K a month in a HCOL, we have ~2K excess cash month after investing $2.8K a month (maxing 2 Roth IRAs, Family HSA, and putting 6% into 401K to get employer match)
4. Net worth of $174K

240K Assets: (211K Invested, $29K value of car, $15K cash)

$80K Debts ($51K federal student loans avg. rate of 3%, $29K car loan 1% rate)

5) Both have credit scores >770 which seem to qualify us for private loans with rates between 4-6%

We are currently saving the $2K excess cash each month, and I expect that we will be able to mostly cash flow an ADN program, but not the Private ABSN program. My wife is still in the process of applying, however there is a solid chance that she gets into both the private ABSN as well as one of the public ADN's.

Assuming that she gets into both, are we crazy for considering the Private ABSN given the $60K sticker difference? Our rationale is the following:

1. $50K made up by finishing faster: Starting wages in nursing are $40-$50 an hour in our HCOL west coast city, assuming she can begin working 8 months earlier under the ABSN, she would earn ~50K after tax during these 8 months:

($45/hour x 1560 working hour in 8 months = $70,200 x 0.7 (1.0 - assumed 30% tax rate) = $49,140)

2) No need for ADN - BSN bridge: In the future my wife would like to get a Bachelors in nursing, going straight to an ABSN would remove the need for her to do an ADN - Bachelors bridge program, saving potential future time and money (although I have heard that employers often sponsor this, so the money factor may be greatly diminished)

3) Possible student loan employer assistance: Multiple employers in the area have advertised student loan assistance programs based on working for them for 2 years. My understanding is that most of these settings are in generally less desirable med-surge positions, and she would like to maintain career flexibility, therefore it is definitely not a guarantee we will receive any employer assistance.

4) She has a desire to be done with school as soon as possible: Getting done with school 8 months earlier and moving on to a new life stage would be preferable

If you made is this far thanks so much for reading my ramblings, would appreciate any advice and happy to provide other relevant info if requested.

I applied for RAP because of the lower payment, but I plan on sending in $100 instead of the minimum $10. I'll see if I can get on autopay so that I won't be late.

Edit: I've decided to just pay the minimum. Thank you all for the advice!

https://www.cnbc.com/amp/2026/07/12/student-loans-rap-late-payment.html

Seeing this particular part for the first time. How about you?

Here to pass on some advice. If you are on auto pay, check to make sure that your loans are paid up to date.

2 years ago I made an extra payment to one loan group. It advanced my due date for that one group by one year. After that year the loan was never included in my auto payments and has accrued almost 1k in interest.

Under special payment instructions make sure that you check the box for “do not advance my due date”

I’ve filed a complaint but my hopes aren’t high this will be resolved in my favor.

It’s shady as hell.

Edit to correct timeframe as I misread last payment date.

Nel Net just reached out to me about switching my plan due to SAVE being gone. My current IDR options are:

1. Repayment Assistance Plan (148$ a month, Total to be paid 53,255$, Paid off by Jun 2056, Discharge amount 36,040$)

2. Income Based Repayment Plan (170$ a month, Total to be paid 56,443$, Paid off by Nov 2045, Discharge amount 52,120$)

3. PAYE (170$ a month, Total to be paid 56,443$, Paid off by Nov 2045, Discharge amount 52,153$)

4. ICR (422$ a month, Total to be paid 80,752$, Paid off by Mar 2042, Discharge amount 0$)

5. Standard Repayment Plan (608$ and month, Total to be paid 69,260$, Paid off by Dec 2035)

I have been making monthly payments of ~675$. I'm able to afford option 5. Would this be the correct choice, or what advice would you give me for choosing a plan. My interest is currently accruing so I'd more than likely put more into my monthly payment for whatever plan I end up choosing. Just looking for opinions here.

EDITED: I have unconsolidated parent plus loans (44k) on a standard repayment plan that my dad took out with the agreement that I would pay it back when I’m done school. Obviously, I was young and did not have the financial literacy at the time and looking back I regret it but nothing I can do now. PPL do not have the same repayment plan options as other public loans which makes it very difficult. My dad is retired now, is there anyway I can update his income to help reduce my monthly payments? I have other student loans (30k) on the SAVE plan that are in my name but I have not paid them back since so Covid.

Since I will have to pay both soon, the PPL and the ones in my name, my monthly payments will be around 1k a month which I cannot afford. i am not sure what my options are here for the PPL, curious if anyone has found the best way to reduce it?