News: Welcome to the Beta launch of the Student Loan Debt Forum on The College Investor.

  • December 13, 2017, 11:51:19 PM

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1
Yes, that "may hinder" is based on whether or not the parent is going to take a PLUS loan or cosign a private loan. If the child is taking it out 100% in their own name, he/she should be fine.
2
Thank you.  The parent's loan is in default, however; he is not obtaining a new loan for his child's education.  His son is obtaining his own loan, but the child was told that his father's defaulted loan may hinder him from that. 
3
It will if the parent is in default and is looking to obtain a PLUS loan for their child's education. However, we don't think that parents should borrow for their kids education.

If you are in default, you need to get that resolved ASAP: https://thecollegeinvestor.com/15577/student-loan-rehabilitation/
4
General Discussion / Unsettled Parent's Student Loan affect on child's student loan
« Last post by IrishPoohBr on December 11, 2017, 11:21:23 AM »
If a parent has a past due student loan, will it affect their child from being able to obtain a student loan?
5
General Discussion / Bay Area (California) Residents Needed for News Article
« Last post by dgeorge on December 05, 2017, 01:13:58 PM »
Hello, all. I am a reporter working on an article for the Bay Area News Group about how student loan debt impacts a borrower's decision to buy -- or not buy -- a home. If you're a millennial and live in the Bay Area, I would love to ask you a few questions.

Feel free to contact me if you would like to share your story.

Dana
6
I didn't find much information on the net but it was rated an A with the BBB

For those that don't realize it, that's hardly a ringing endorsement.  Anyone can create a BBB webpage.  What matters is when a business is accredited by the BBB and AIDNEST is not so their BBB webpage really carries no weight other than other personal opinion would on any other commerce site.  What AIDNEST offers are programs people can do for themselves for free on the Studentloanservices.com website with a little time and if needed a little free help from their pleasant customer service.  I've used them myself on numerous occasions and have always found them pleasant, understanding, caring and easy to work with.  Student loan forgiveness can only happen in very narrowly defined circumstances and isn't readily available for everyone so don't believe it just because someone calls you out of the blue with the offer.  Due the research first and if you think you still qualify then call the company back if you feel you can trust them whoever they are.
7
You need to have your accountant or tax preparer do the math for you. They can usually do it pretty easily when you look at your taxes in a month or two.

Run the following scenarios:
- Married Filing Jointly
- Married Filing Separately

Then, you go to the Student Loan repayment estimator on StudentLoans.gov and input your AGI for both scenarios, and see your loan payments.

Finally, figure out which is cheaper for you given the difference in taxes.
8
Navigating Repayment / Tax filing when married- affecting loan repayments
« Last post by jstewart11 on November 26, 2017, 07:36:44 AM »
Hello,

I was hoping for advice on student loan repayment and filing taxes.
I'm currently on the pay as you earn repayment plan, as is my husband. We both have large amounts of loans from graduate schools. I was wondering if it is possible to tell if married filing separately vs filing together is more beneficial.
Currently, he has about the 125,000 in loans and I have 155,250 in loans. I make about 56,000 and he makes about 75,000 annually. I currently pay 313.24 a month and he pays 480 a month for student loan repayments. I'm worried that if we file together, both of our payments will skyrocket because it looks like we make more, however we both have significant amounts of debt. Is the spouse's debt looked at as well when calculating new payments, or is it just individual based off of a household income? We also bought a house a few months ago if that makes any difference.

I know this isn't the best way to pay off loans- that we should probably just work on paying down the lowest loan, throwing all of our extra money at it. However, we have chosen to pay the minimum and just be okay paying that for duration of the payment term, as it works a little better for our lifestyle at this point.
Thanks!
9
You would need to see their cancellation policy. You could also potentially dispute the charge with your credit card company.

Here's an article you might find helpful: https://thecollegeinvestor.com/19642/scammed-by-a-student-loan-company/
10
Thanks, any chance of getting any of that money back?
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