40% of student loan borrowers missed payments in October. They are predicting higher delinquency rates than pre-pandemic. The Ed Dept is not reporting to credit bureaus until end of next Sept.

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Anyone that expects a government bailout of student loans hasn't paid any attention to Republicans and their position on them. They would make everyone pay back all the pause era payments if they could. Bailouts are reserved for the wealthy.

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Yeah and they are really dreaming thinking anything big will happen in an election year.

I think a lot of people were expecting a Government bailout that never materialized. Now they wondering if another bailout is right around the corner, so they are not sure if they should start paying or just wait little more.Nothing like over promising and under delivering.

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I just can't believe the amount of some of the loans people owe. I wish tuition was more reasonable but doubt that will change. My son is a senior in high school and I am trying to navigate the waters so I can find a good school without saddling him with 100k in loans.

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Why? Many of the countries that have free higher education also have conscription requirements.

I started paying in September and then a couple weeks ago I get a notice that I was still in forbearance with 0% interest and payments until end of 2023. Mohela is all over the place.

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I received the same notice, but I've continued paying on the interest anyway.

Not so Fun fact: autopay did not go into effect until November but servicers failed to communicate that delay to the borrowers. Therefore many borrowers who enrolled in autopay and expected to have their payment withdrawn in October didn’t have that payment withdrawn and were told they were delinquent on payments.

And that’s if you can get approved—I recently reported my servicer to the CFPB for this reason.
When I use my bank account for one time payments—no issue. When I try to enroll my bank account for autopay (and interest rate deduction) I get an error that there is an issue with a bank account 🙄

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Additional Posts in Student Loans

Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

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If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

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Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

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Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

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Damn LIBOR rate up again...

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SOFI or who else?

Does having student loans impact your ability to get a mortgage?

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In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

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