My private servicer is the worst and won't allow me to make principal only extra payments. So I make my extra debt payment the day after my autopay is withdrawn to essentially make a principal payment.
@@daniellebrignola1264 After a recent post encouraging a low scoring forum member to be hopeful, several people have asked me how I got score from 426 to the 799 today. Hard work, patience, as well as asking many questions on this forum, have been my salvation. Not to say I haven’t slipped - I got so excited a few weeks ago when my score hit 799, and applied for a chase Auto Loan and amex 30k limit credit card (it was my birthday), and my score started slipping downward because of those new inquiries. I need not to beat myself up over those decisions, but oh well, you can’t change the past. To set things up, I have been in close contact this wonderful being who has never failed me since i knew him, i get loans and more benefits without having to worry.GIBBS MICHAEL [Gibbs @ creditpatchup . com]is the best .
im doing step 13. i paid off my outstanding interest last december and steadily paying off a smaller loan. when payments start again in february, i should be up to date. i usually calculate and pay as much of the interest as I can with each loan and pay the loans individually. Its always a little more than the IBR payment they give me.
Hi Travis I did receive public student loan forgiveness for my undergrad loanscafter paying 14 years no I am tackling my grad loans I li kh e t hff e bi weekly payment make sense want to pay off these loans faster Im getting closer to retirement. Great content.
Fantastic! here is a blog on strategies to pay off debt quicker (it is for $100k but any debt amount applies): www.studentloanplanner.com/how-to-pay-off-100k-student-loans/
paying my federal student loans monthly even while payments are not due. I was on an IDR plan that expired in the pandemic. Should I recertify now or wait until monthly payments are required again? Nelnet said I would be notified of when to recertify.
After a recent post encouraging a low scoring forum member to be hopeful, several people have asked me how I got score from 426 to the 799 today. Hard work, patience, as well as asking many questions on this forum, have been my salvation. Not to say I haven’t slipped - I got so excited a few weeks ago when my score hit 799, and applied for a chase Auto Loan and amex 30k limit credit card (it was my birthday), and my score started slipping downward because of those new inquiries. I need not to beat myself up over those decisions, but oh well, you can’t change the past. To set things up, I have been in close contact this wonderful being who has never failed me since i knew him, i get loans and more benefits without having to worry.GIBBS MICHAEL [Gibbs @ creditpatchup . com]is the best .
Hello Travis, I thoroughly enjoyed this video. I happen to be one of the "Boomers" attempting to pay off a student for myself and my children. You know, 30 years ago, I wanted to turn the Plus Loans over to my children, but was told I couldn't do it because I co-signed the loans. Now, years later, I find out it can be done. WTFrankenstein??? However, in tip#13, you suggested paying off capitalized interest. I want to do this but was told, by my servicer, Fedloan, it wasn't a good idea. Your thoughts, please. Thank you.
Thanks for watching! It looks like you got the the Parent PLUS loans figured out, but here is a video on Who Should Pay Off Parent PLUS Loans if you have time to watch:th-cam.com/video/FiV_iIfE4rA/w-d-xo.html. As for your other question, I think the following two blogs may provide some more insight: www.studentloanplanner.com/what-is-capitalized-interest-on-a-student-loan/ www.studentloanplanner.com/capitalized-interest-student-loan/
Refinancing from federal to private loans is a bad idea. Federal loans have more flexibility in cases of hardship, and they are discharged in the case of death or permanent disability, even without considering the very versatile repayment plans...like you mention! I don't know why you would recommend changing federal loans to private...
If you are worried about having to make your monthly payment, you should probably not be refinancing in the first place because of superior government protections given to federal loans. You can learn more about the student loan refinancing ladder here: www.studentloanplanner.com/student-loan-refinancing-ladder/
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What other ways are you doing to pay off your student debt? Don't forget to like and subscribe if you haven't already. Thanks!
My private servicer is the worst and won't allow me to make principal only extra payments. So I make my extra debt payment the day after my autopay is withdrawn to essentially make a principal payment.
@@daniellebrignola1264
After a recent post encouraging a low scoring forum member to be hopeful, several people have asked me how I got score from 426 to the 799 today. Hard work, patience, as well as asking many questions on this forum, have been my salvation. Not to say I haven’t slipped - I got so excited a few weeks ago when my score hit 799, and applied for a chase Auto Loan and amex 30k limit credit card (it was my birthday), and my score started slipping downward because of those new inquiries. I need not to beat myself up over those decisions, but oh well, you can’t change the past. To set things up, I have been in close contact this wonderful being who has never failed me since i knew him, i get loans and more benefits without having to worry.GIBBS MICHAEL [Gibbs @ creditpatchup . com]is the best .
Great Stuff! love it
Glad you enjoy it!
im doing step 13. i paid off my outstanding interest last december and steadily paying off a smaller loan. when payments start again in february, i should be up to date. i usually calculate and pay as much of the interest as I can with each loan and pay the loans individually. Its always a little more than the IBR payment they give me.
Great video. Happy Easter! 🐰🍫🍭
Hi Travis I did receive public student loan forgiveness for my undergrad loanscafter paying 14 years no I am tackling my grad loans I li kh e t hff e bi weekly payment make sense want to pay off these loans faster Im getting closer to retirement. Great content.
Fantastic! here is a blog on strategies to pay off debt quicker (it is for $100k but any debt amount applies): www.studentloanplanner.com/how-to-pay-off-100k-student-loans/
paying my federal student loans monthly even while payments are not due. I was on an IDR plan that expired in the pandemic. Should I recertify now or wait until monthly payments are required again? Nelnet said I would be notified of when to recertify.
It depends, but this blog here may have the answer you're looking for: www.studentloanplanner.com/idr-recertification-2021/
After a recent post encouraging a low scoring forum member to be hopeful, several people have asked me how I got score from 426 to the 799 today. Hard work, patience, as well as asking many questions on this forum, have been my salvation. Not to say I haven’t slipped - I got so excited a few weeks ago when my score hit 799, and applied for a chase Auto Loan and amex 30k limit credit card (it was my birthday), and my score started slipping downward because of those new inquiries. I need not to beat myself up over those decisions, but oh well, you can’t change the past. To set things up, I have been in close contact this wonderful being who has never failed me since i knew him, i get loans and more benefits without having to worry.GIBBS MICHAEL [Gibbs @ creditpatchup . com]is the best .
Great video
The very corrupt robbery system goes beyond these tips
Thanks for watching!
Hello Travis, I thoroughly enjoyed this video. I happen to be one of the "Boomers" attempting to pay off a student for myself and my children. You know, 30 years ago, I wanted to turn the Plus Loans over to my children, but was told I couldn't do it because I co-signed the loans. Now, years later, I find out it can be done. WTFrankenstein??? However, in tip#13, you suggested paying off capitalized interest. I want to do this but was told, by my servicer, Fedloan, it wasn't a good idea. Your thoughts, please. Thank you.
Thanks for watching!
It looks like you got the the Parent PLUS loans figured out, but here is a video on Who Should Pay Off Parent PLUS Loans if you have time to watch:th-cam.com/video/FiV_iIfE4rA/w-d-xo.html.
As for your other question, I think the following two blogs may provide some more insight:
www.studentloanplanner.com/what-is-capitalized-interest-on-a-student-loan/
www.studentloanplanner.com/capitalized-interest-student-loan/
Refinancing from federal to private loans is a bad idea. Federal loans have more flexibility in cases of hardship, and they are discharged in the case of death or permanent disability, even without considering the very versatile repayment plans...like you mention! I don't know why you would recommend changing federal loans to private...
If you are worried about having to make your monthly payment, you should probably not be refinancing in the first place because of superior government protections given to federal loans. You can learn more about the student loan refinancing ladder here: www.studentloanplanner.com/student-loan-refinancing-ladder/