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Navigating Repayment / FedLoans won't take me off REP...
Last post by tdavis1981 - February 04, 2020, 08:48:39 am
Here is my saga with FedLoans since October of 2019 (it is of note that my family size is my husband and I. He has no student loans. We are married filing separately, and I am on the PSLF program):

1. My IBR payment went up to $487 a month. Cannot afford this so I call FedLoans and rep advises me to switch to the REPAYE plan because my monthly payment would then be around $280. So I resubmit another repayment app. I always make sure to mark on the application that my husband and I file separately.
2. 30 days later, I have been placed on the REPAYE plan and my payment shoots up to $614, which is even worse. I call them back and rep tells me I need to be on the PAYE plan, since husband and I file separately. Then my payment will be lower. Also, I need to make some sort of "forbearance" payment in the meantime to switch payment plans and usually people pay $5.
3. 30 days later, I am still on the REPAYE plan. I was told by rep that I need to resubmit again for the PAYE plan and spends about 30 minutes on the phone with me assuring me that the current payment due for the month won't need to get paid and that will disappear once I am placed on the PAYE plan. She is confused why I am put on the REPAYE plan when clearly my husband and I file separately.
4. January 2020: They have again put me on the REPAYE plan and I am past due now on my payments.I speak with another rep who does an online application with me and shows me where I don't need to submit my husband's tax return or have him sign the application this time. It will process me as single and I will be good to go.
5. Today, I get a denial letter from FedLoan telling me that they are not processing my request to be on the PAYE plan because my income/family size has not changed. I am now stuck with a $614.55 payment here on out. This new payment is now added to my past due and I have a large payment now due.

Please help!
12
Student Loan Scams / Re: pretty sure it's a scam
Last post by zach123b - February 01, 2020, 11:24:25 am
Every article I've read has said that students can deposit the checks for Devry and it wouldn't affect getting the loans forgiven.  I don't know if I'll actually get them forgiven or reduced but I'm going to try and see what I can do.  I'll try going through the borrower defense to repayment to the best of my ability, thanks.

Edit: Do you think the phone call/website were a scam with Allied Financial?
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Student Loan Scams / Re: pretty sure it's a scam
Last post by TheCollegeInvestor - February 01, 2020, 08:29:42 am
Your only luck may be with a program called Borrower Defense to Repayment. However, since you already received a settlement, you likely won't also get your loans forgiven.
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Student Loan Scams / pretty sure it's a scam
Last post by zach123b - February 01, 2020, 07:45:43 am
I have 12k loans from Devry back in 2010/2011.  Thinking it might be possible to get that dropped due to Devry losing a lawsuit about claiming to get students better jobs such as more money from said job.  I got a small check for about 150 then another one for about 30 since then.  The loans are federal as far as I understand with Navient.

Now I tried googling if I qualified for loan discharge or forgiveness due to Devry paying out for being a bad college at the time.  As far as I read, I qualified for getting most or all of my debt wiped away.  I tried a website studentloansresolved and punched in name and number.  I got a phone call about 2hours later (Friday at 8pm here) saying they could help me out.  They asked for name and email address then sent me an email which the guy asked for a 6 digit code from the email.  I didn't read the email until mid call but it was for fsaid. (After the call I changed my fsaid password).  Red flags went up and I googled the number to get mostly robo callers and one person reporting student loan stuff (6195059238).  He stated he was with Allied Financial and went on BBB something.  At the end he was saying they could bring my debt down to around under 1200 and I would need to make 6 months of payments of 199 something and insisted on me making the payment tonight.  When I said I don't have that right now, he wanted a cc such as a gift card or something without money on it just to have it on file and I wouldn't have to make a payment yet.  After no cards, he wanted to call back on monday so I had time to get an empty gift card or such so it was more secure or something.  Do you guys have any experience with the Devry scandal or with Allied Financial?
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Ask a Question / Navient forebearance
Last post by ts9d1ha - January 31, 2020, 10:44:32 am
Today I discovered that navient failed to post a year and half of payments.  I'm the cosigner and pay through my bank's bill pay.  The rep states the borrower declared bankruptcy. Navient nor borrower ever informed me.  When I asked what happened to my payments she seemed to suggest they turned them over to the borrower. The balance is 3250.00.  The website states it's due by 02/20.  I want to pay but I'm afraid the payment will be lost.  Is this legal. this is so ridiculous.  If they had continued to accept my payments the loan would have been less than 1000. I fear the interest will double the current balance.  any advice I just want to pay it and be done.
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Ask a Question / Re: IBR payment cap
Last post by TheCollegeInvestor - January 26, 2020, 03:54:06 pm
Yes, the cap applies regardless of filing status. Note: the 10-year standard plan also counts for PSLF.
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Navigating Repayment / Re: Need to file 2019 tax retu...
Last post by TheCollegeInvestor - January 26, 2020, 03:53:04 pm
You need to do some math. Check this article: Math Behind Married Filing Separately for PAYE. It might save on loans, but in many cases the higher taxes don't always make it worthwhile.
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Navigating Repayment / Need to file 2019 tax return b...
Last post by flame109 - January 25, 2020, 10:34:33 am
Here's our details:

• Wife's loan is $154,000 (currently on PSLF plan and has about 5 years left) and she's currently on
REPAYE
• I don't have any loans
• No kids

We got married in September 2019 and haven't yet filed our 2019 taxes.  It seems like we'd be better off switching to PAYE if we qualify but we're not sure if our joint income or only my wife's income is considered when applying to change to PAYE.  Do we need to file our taxes for 2019 first before we apply?  If so, would we need to file separately? 

I know our tax return will likely be better if we file jointly, but the main priority is making sure we qualify for PAYE when we apply.

Thank you!
19
Ask a Question / IBR payment cap
Last post by ALP20 - January 24, 2020, 09:24:17 am
I have a question about the IBR payment cap.  I made the mistake a couple years ago of filing taxes jointly with my husband.  I was on ICR at the time.  They switched me to Repaye and wanted triple what I was used to paying and way more than even the standard payment would be. I couldn't afford it and ended up taking a forbearance.  I am a few years away from PSLF (hopefully).  We then filed separately and I got back on IBR.  My question is about the payment cap.  Since I am now on IBR, if we filed taxes jointly again would my payment be capped at what the standard payment would be like it says?  Or would the cap not apply to joint filers?  Since my salary increases a little every year I will eventually reach the point of the standard payment cap myself and don't want to unnecessarily take the tax penalty that is filing separately.  I'm planning on asking fed loan as well but I don't always feel I get the best answers.  Thank you!!!
20
Student Loan Scams / Anyone heard of or worked with...
Last post by lilredwriter - January 14, 2020, 11:37:12 am
Hello. I'm new here. I did a search and didn't see anyone posting about this company. Has anyone heard of Student Loan Tutor? They help you strategize ways to lower your student loan payments legally. Supposedly they know the ins and outs of all the programs and can help people learn about ways to qualify for lower payments. I make a good income but I have tons of other debt, mostly medical, and just can't afford to make my student loan payments ($1,200/mo) but don't seem to qualify for any better options because of my income. Even though I'm taxed out the you know what and am living paycheck to paycheck. So, I'm curious to see if they can come up with anything to help me. You don't have to pay their fee until they actually do work for you. I can't find a single bad review on them, which makes me think the reviews might be phony. Has anyone here worked with them? Thanks!
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