I went through this and made sure my daughter did not, no student loans for her. We paid cash down at the school (in my Dineva voice). she would only take the classes as we could afford them. Now I have to make sure my other daughter does not go through this.. it took me 10 years to get out of student loans- (with no degree ) and I will not have my kids start their life in debt. land of the free -my butt bone
That is the messed up part, when you do not have a degree after borrowing the money to pay for classes. (so sad and frustrating) I am strategizing to handle this as I type and think of a strategy.
Dineva said to "Carry yo ass down on Peach street and Gitchie Gitchie Ya Ya your ass on and hope Mona Scott Young drives by and sees you"! Ya'll please come to my funeral, because I'm dead!!!
Think twice about keeping that money in the bank. -- I know folk who have gotten their coins SNATCHED by the government or creditors because of old debts.
Girl, you going through. Don't worry, we all do. But I'm glad to see you converting back from being a "rich white woman" to having "black girl magic". 😄😄😄
Chyle, I wish my loans totaled $50k! Try $225k! Payments of $1200 a month aka mortgage type payments. The cost of going to law school and not able to find a job in your field! 😒. But look at God! $5 a month!
AfricanViolet I will be praying for you as well. I believe a change will have no choice but to come. They are saying students loans are about to be the next financial blowup.
That happened to me... I told em what I could do and they said no deal🙅and I said very good✌👋 lol!!! But now I'm tryna get my shit together huuuuugh wish I had parents that knew somethin about somethin!!!! That gets a lot of us caught up we hit 18 and dk shit... nobody taught us the shit and we gotta figure the shit out!
Jessica B. Chile Sallie Mae is stupid as hell for turning away people like you who are trying to do the right thing & make arrangements to pay their student loans back because I would be accepting every last coin that you were offering. Something is better then nothing at all in my book.... but it sounds like their loans are set to keep people in debt so that they can get more money in the end off of interest & other penalties due to people not paying on their loans??? THAT'S A COLD SET UP SMFH😯
Funky Dineva you said Aww hell nawl Fuck that shit.....When I got them 4 loans from Sallie Mae to pay for my degree in Economics from Florida State University they didn't teach me nothing about paying em back!! NO GAWD HUNTY...... LOL 😂😂
I dont know if itll be 5 yrs, 10 yrs, or 20 yrs from now but this student loan bubble is going to burst. Its completely unsustainable how much debt ppl are going in to get their degree and barely any good jobs after
Here's key: I say use credit for purchases, THEN pay what I spent in cash right after. That way I can reap the rewards, no interest is accrued, and still maintain my 765 credit score.
Welcome To The Now honestly. i will say i dont have student loans (yet) but i literally just put the netflix and hulu on a credit card and pay it every month, i'm 19 eith a 740 credit score now!!
Malcolm Wallace that's good! Make sure you keep that good credit score. I was able to purchase and build my first home at 23 because of good credit history and finance. Pay everything on time, pay more than what's due, and watch your spending, and remember to use credit wisely. Proud of you!
Welcome To The Now that's how you do it. I plan using my card that way once I pay the balance to rebuild my credit. Plus it's a great way to build travel points
L Gill you're so right. I actually have to look into the travel points. My rewards credit card doesn't allow me to gain travel points. I have to look into that. I'm glad Dineva brought this up on YT because a lot of ppl including myself have suffered or are suffering from these damn credit cards and student loans....it's almost like a hush hush thing. It's can be an "ugly" topic so ppl don't bring it up.
More high schools and colleges need to offer classes on budgeting and loans. That's what helped me understand what I had signed and understand the value of credit. After a number of years I was able to pay my loans off early. I literally cried with joy. Sallie Mae is no joke. She will follow you for the rest of your life so pay her and get that house.
I can't stand Sallie Mae! I am already planning to pay that off over the next two years because I am also planning to buy a house as well. I am sick of her. ugh😑
Get you a sugar daddy and make him pay those loans!! They love to help you out with positive things. I had a relationship online/video chat with a sugar daddy for 2 years and I only ask that he paid my student loans ($350) and when he found a real girlfriend he just paid the balance and sent me on my way. The Nigerians do it, you can too lol
I really feel this is just another way to keep certain ppl out of housing market and make it harder to become home owners. They just started including student loan debt into the debt to income ratio last September. It wasn't included prior to that if they were in deferred or you were still in school. That was my saving grace when I bought my house 4 yrs ago...so glad I bought when I did! But stay the course, don't give up...just make sure you keep your debt to income ratio in check ( it's a calculator online), get rid or any frivolous debt, don't take out any new loans or credit cards and pay whatever you do have on time until you get past the underwriting process once you find your home. I had an excellent mortgage lady who walked me through the process and I closed in 30 days from contract to keys with no issues! I love seeing us wanting to buy and invest...Sallie Mae is just an old still renting the same house for the past 16 years hater!
Dineva I work in the student loan department at a college in Philly. All you would have to do is go through a rehabilitation with your lender. If your loans were sent to Debt Collection with the Department of Education you would have to make 6-9 consecutive payments to the DOE then your loans will be removed from defaulted status and put in repayment status on your credit report. I understand I see it everyday with students who want to return to college. When you are put on repayment status you have a choice to consolidate with another lender and if you dont have the money your forbearance and deferment starts over (36 months each) with that new consolidated lender. IJS
Thank you for that disclaimer at the end! I work in the Financial Aid industry and I advise my students to always stay in contact with their student loan lenders especially during times of income uncertainty. The student loan lenders have several options to accommodate most budgets even if you can't afford to pay anything.
you sho right. I borrowed 5645 in 2007. I've paid 11,000 and My principal is still 5345 plus. Sallie Mae are crooks. even if you paid on time you'll still be behind with Sallie Mae. Thank you for sharing
Thank you for this posting! I am currently looking for ways to fix my credit, and my student loans are definitely hurting my credit score. Please keep us updated with your progress. Again thanks for sharing!
the real gag as it's the ultimate set up the system was designed like this I mean when you 18 19 going into college whatever the case may be some of us are not as educated in finances some of those to give me an image of loan programs some of us took advantage of Grants but the gag is is that it was a setup it's designed that runs the world that's how does cash keep moving
SSA244 Death doesn't stop then IRS. They will take their cut before your heirs can smell a penny! The took the house away from Altovese Davis when Sammy Davis Jr. Died.
It's a great thing you just did. You used that hilarious personality to bring very valuable information to the people! Try NACA! I don't have bad credit but I'm going to buy a home through them anyway.
There's nothing wrong with going that route, I think. I used to feel bad I couldn't go to my choice schools but having debt from school is not worth it nowadays.
i took the same route. i worked full-time for most of college. it was hard and i really didnt have the same college experience as others who didnt have to work but in the end i ended up with only 10k in loans while i watched people buying cars and going on spending sprees.
I defaulted on one of my student loans and they put my loan in rehab with that $5/month payment....but fyi over time it increases from $5 every few months...right now I'm at $50/month...after paying my loan every month for 6 consecutive months mine is out of default...
A coworker advised me to build up my credit limits on major credit cards by buying EVERYTHING (rent, groceries, utilities, and Income based student loan payments) on the cards and paying off the total EVERY month. After three years, she had five cards with an 8k limit. She paid her student loans with credit cards, then filed bankruptcy. Credit card debt is dischargeable, she was debt free in 4 years. Catch that tea! Rich folks been doing this mess for years.
I think the student loan industry is on to this because, at least in my life and a few of my friends, every loan payment arrangement requires a debit card or checking account. I do remember back in early 2000 being able to pay my loan with a credit card, back then I had excellent credit and a job that actually gave 30+ hours (good times), but sometime after 2008 when the world started to fall apart the option to pay with your credit card just vanished and I had to start doing debit, then by 2011 money and job hours started vanishing so I was like Dineva, "F-it". Man if only my magic 8-ball would have said "Outlook not so good" "Don't count on it" "Very doubtful" when I asked about college
I understand that at 18-19 yrs old you don't understand the ramifications of signing for tens of thousands of dollars worth of student loans, but that word "LOAN", is self explanatory, and as a young person you don't necessarily feel that it's going to be a problem in the future paying these loans back, but once you do and probably won't happen until years later wanting to buy a home, a car, or applying for a credit card its always the first thing that going to stop anything. Perhaps colleges or even high schools should give a class on the long term effects of defaulting on student loans. But good for you dineva for taking responsibility of your loans and working with Sallie Mae to get them out of default. It will take a while, but just know there is an ending.
I couldn't stand those six years I did in Air Force, but tuition assistance paid for my first degree and the G.I. Bill will pay for my next one. Definitely worth it.
***** When you complete your commitment and become a veteran, most of the benefits you'll find are only for those who went active duty in war for over 90 days. Otherwise, you don't get ish.
lppe x I don't think that's true. I was active duty for 6 years, and I'm now an Air Force wife. I've used a lot of VA benefits like the GI Bill, VA Home Loan, and VA disability and spending 90 days in Iraq or Afghanistan was not required. I know people who have never deployed that get all of the same benefits. I don't know about ROTC, because I went in enlisted straight out high school. I got my degree using Tuition Assistance while being active duty.
Trevia Smith I was not active duty I was in the reserve and did not get deployed in theatre. Of course you get all the benefits as a wife of an active military member and as an active member. I too got my undergrad paid for with the GI Bill and Tuition Assistance when I was an active reservist. Now, other than the home loan, I do not qualify for anything now that I am no longer active. My state college tuition requires 90 day deployment in theatre to get exempt. I went for my masters and the only thing that 'helped' me was Sallie Mae. Therefore, military does not always save you.
This video was very entertaining, but more so informational. I'm currently in graduate school since I couldn't pay my student loans before my grace period was over. I am now more mature and mentally preparing myself of paying back these student loans.
They so annoying then they like to contact people they see you interact with my home girl got a letter saying they tryna reach me I fell out...thank u block button I block every number...you not gon harass me thru the struggle
Good Luck Consolidating them. Those folks are a mess it took me like 7 months to get them consolidated. My brother who's a lawyer had the same experience. I kept calling them like once a month and got a different answer each time I talked to someone. The US Department of Education and Fed Loan servicing are in the same building or on the same street and they do not REPEAT do not communicate with each other granted they have the same address? Those folks are a pain! Once you get this taken care of you can have your credit repaired in no time like a year you can go from fair to good credit. If you have credit cards or whatever make sure your balance is never over 1/3 of your limit and that will help your credit out too. Credit is essentially is showing that you can pay off debt over time. Getting debt and paying it right off doesn't help your credit. It has to be over time. GOOD LUCK GIRL!
That's what my MOMMA said!! If you have cash, you don't need credit. Why should a NUMBER determine what I can and can't get! PUH!! C.R.E.A.M!!!!!!!!!!!!!!!!!!!!!
K Brown Sugar M Because that's how the American financial system works. Off of interest and credit. You need credit for everything, even to get a job. Sick system.
K Brown Sugar M, I agree to a certain extent. That's good for smaller things like everyday wants/needs. But when it comes to making big purchases like a house, unless you are a millionaire or have it like that, you will need a loan. And no bank will give you a loan (with a good interest rate) without a good credit history. So good credit a necessity in our society.
lol i tried to be v slick and told the student loan people my financial aid advisor didn't know what she was doing. She accidentally clicked pay student loan during school. They didn't fall for it smh
This was so honest and spot on. I appreciate your testimony because I never knew someone else was in the SAME position as me. This ain't right, and the more of us who speak out, maybe we can push some changes.
Funky Dineva if you need help holla at a sista.. Me and Sallie are best friends and I work in collections for a college! I can let you know what you need to do to get your loans out of default
If you have loans in default you need to call your servicer IMMEDIATELY! If you do not know who your servicers are you need to start by going to www.nslds.ed.gov it will give you a complete listing of all of your federal loan..If you work in public service, teaching in a title I, paramedic, med tech, teach on a reservation, police office, you are eligible to get your loans cancelled especially if you have a Federal Perkins Loan ... Consolidation is also a HUGE help.. you're only paying one lender.. If you are at a collection agency, you can do a rehab program which will ultimately clean up your credit BUT YOU MUST PAY 9 CONSECUTIVE PAYMENTS ON TIME EVERY MONTH.. you cannot miss a payment on this agreement or it is null and void.. STUDENT ACCOUNT DEBTS are NOT loans..remember that .. Loans are just that
It's all contingent on your job title..I don't know what type of loans you have but I would double check! It may not qualify tho, I've never seen anything come across my desk to cancel any loans from political offices, but I would still check ..
Im a dependent who has a mom whos medically retired from the airforce. I definitely plan on havin my loans worked out cuz im NOT about to be stressed over these student loans
Too funny, I had to pause the video! Who would hv thought a $14.99 party city wig would hv ever been worth more than my education! Caught!....wait! Why u gotta wait till ur credit is f'd up n ur bills in the dumpster B4 u get some assistance! So true! Love "cus I got cash hunny!" AWESOME video! Funny, great info & educationally informative! This will assist many people! Thanks Q
No they're not. They just add the # of years/interest you pay on. You're better off calling them, telling them what the deal is, and ask them to enroll you on income-based repayment program or loan consolidation. For the income-based repayment program, they adjust the monthly payment based on your income (you have to show proof of how much you get paid I believe every year or 3 years), which keeps you and your credit on a positive path. Once you are able to have a steady-income stream (either better paying job or 2nd job), they will return it back to the original payment amount (they won't do that until your current program ends and u have to reapply). And you should ALMOST PAY MORE than the minimum. Also, always check your loan statements and details ppwork. Some of these lenders and universities try to be slick and charge you payments BEFORE the 6-month grace period after graduation. I learned the hard way.
I had bad credit but it wasn't from student loans. It was all from them damn credit cards. Being young, dumb and plain stupid. I finally decided to get my credit together last year and my credit went from a 580 to a 720. Still working to get it to at least a 780. I settled with almost all my credit cards and paid what I needed to pay off. Also the law gives the consumer the right to dispute any excessive charges on your credit report. Once the debt is settled you have to make sure the collectors agree to take it off your credit report. Once they do your credit score goes up.
Dineva I just bought a townhouse and I went to the credit union and got a mortgage at 3.25% fixed. I was gonna get help from first time homebuyer program and "free money" for down payment but they wanted to give me loan for 5% fixed. so shop around for a mortgage once you get your credit straight gurl. u got ur degree in finance and your credit is bad, u need a woopin lol
School is a fucking heaux man. The only people that NEED school is doctors and lawyers I'm in community college right now just to make my mom happy, but I'm making more money with my art than I'll probably ever make with this damn social science degree I'm working towards College isn't fucking necessary for financial stability.
lol 6:47 "spin flying kick". For those who don't know that term is used by Chun Li who's in the game Street Fighter. She says "Spin bird kick" as she performs her tornado-like special kick move.
OMG I am dealing with the same situation. All my life it was "education is the key to a great life." So took that and ran with it. Got into my first choice school; albeit played around for a couple of years (immature mentality) but one day this little person showed up on my door step and was looking for me to provide at least the next 18yrs. So I had to get myself together. Worked a full time job, commuted 1hr 30mins 5 days a week as a full time student and graduated with a baby. Sallie Mae wanted her money 6mos and a day after graduation and never missed a beat calling looking for it. A couple of years later she turned into Navient. If they had a time machine where I could take it all back I would be the first with the golden ticket. They decided that I could pay a car note every month even though I am a social worker for the state making the minimum with no raise, bonus, Christmas turkey nothing in the near future. My loans are in default even though I have begged and pleaded with them to put me on a payment plan just for a couple of months and then I can pay more than what they're asking for. They told me "no". So at this point I send them a payment (not as much as they want, but something), answer when they call, the customer service people all feel sorry but can't do anything until their bosses decide and I've just given it to God. I am so happy somebody said something cause you start to feel alone
5 years ago, Sallie finally caught up with my ass too and started garnishing my wages from my job!!!! It put me in such a bind that I had to give up my car (the only other thing than my rent that was ridiculously high as giraffe ass)...luckily, I was familiar with public transportation so I started catching the bus and train to and from work, grocery store, etc...I spent the next 3 years paying off almost $30,000 in student loan debt off. The result: I've been debt free for 2 years and have gotten so used to the buses and trains that I still haven't wanted to get a car just yet...so now all that money I was spending on Loans and Car Payments is being built in my savings and checking accounts. Dineva, you said one powerful thing: CASH IS KING!!! I don't fuck with credit anymore. If you have to use credit that means you don't have the cash!. I don't care if you spend 10 years saving cash to buy your house outright...don't use credit!!! In the end, all these businesses want cash.
I never had student loans, I joined the army, I used by GI Bill to pay for college, but the messed up part when I went to finance and inquire about how to start it the lady gave a FAFSA application I looked at it and said "No, I don't want a loan I want to use my GI Bill?" She said "Oh well, you know you can get both so you can have more money." I looked at that lady like she was crazy. She was encouraging me to apply for loans I didn't need nor want. But in my mind I kept thinking LOAN, LOAN you have to pay this back, and I took that application and threw it in the trash and headed straight to the Department of Veterans Affairs and asked them how do I apply for the GI Bill. But the point of my story is choices make the right choice for you and not what the lady at student aid tells you what to do.
MrSpate6 The FAFSA qualifies you for everything including scholarships and free grants. I only used for the free federal & State grants. The FAFSA ask if you're interested in loans or college jobs & I always checked "No". I only wanted the no-strings freebies. My fin. aid package included The Board of Governor's Grant which waives tuition; plus $5,500 per year for a community college. I rented textbooks for $20 a semester. And purchased a one-time $20 bus pass that was good for the entire spring & Summer semesters, as well a $20 parking pass for the semester. I spent the rest, about $700 mo on rent.
Filling bankruptcy is not the way to go, I've had friends & family say they are filing like its no big deal. In just looking at them like 😳😒😶 ok so if you don't change your spending habits then filing for bankruptcy isn't going to fix it. You will be right back in the same position a few months after that
Can you help me sell cupcakes 😂😂😂 I just got done paying my student loans now I am about to go back to school so I need to take out more. Lawd help me.
This is the main reason why my husband/I (cousin and her husband too) have setup college savings plans (529 plan) for our children. We do not want them owing Sallie Mae, etc...Let them be free once they graduate, so they can invest their money in appreciating investments. I feel your pain Dineva, i'm stuck with a degree and not utilizing it either and still paying for IT!!! Ughhh
realist video I have ever viewd thank you for this. I'm about to go through this with my son because he's about to start film school. blessed you I'm taking what you say to HEART
I actually settle day bill with Sallie Mae last year. If you're in collections you can settle but then again I only owed about $2000 and settled for about $850 so it was really no big deal. I still owe them Federal loans though.
Guuuuurl you are telling my story, I'm shame. She'll get $5 for 100 years. And get Discover Card out of the student center giving away the free pens and Frisbee's for signing up down to the credit card.
I really hate how they bailed out those banks but left the rest of us out to dry. A lot of the time the degree wasn't worth it especially when you can't work in that field. Even so called sure thing careers are becoming saturated and becoming ravaged by those super expensive private schools.
"Come Repossess This Degree" 💀💀💀😂😂😂
"Who would have thought a party city $14.99 wig would be worth more than my degree"......I DROPPED DEAD TO THE GRAVE😵😵😵😵😵
Best line. ....CATCH!
😩😩😩💀💀💀
But it’s so true!!
-Do you have an income? "No"
-How do you support yourself? "I don't" 😂😂😂
RIGHT!! 😆😂
Nea J 😭😭😭😭
😂😂😂
I went through this and made sure my daughter did not, no student loans for her. We paid cash down at the school (in my Dineva voice). she would only take the classes as we could afford them. Now I have to make sure my other daughter does not go through this.. it took me 10 years to get out of student loans- (with no degree ) and I will not have my kids start their life in debt. land of the free -my butt bone
That is the messed up part, when you do not have a degree after borrowing the money to pay for classes. (so sad and frustrating) I am strategizing to handle this as I type and think of a strategy.
Dineva said to "Carry yo ass down on Peach street and Gitchie Gitchie Ya Ya your ass on and hope Mona Scott Young drives by and sees you"! Ya'll please come to my funeral, because I'm dead!!!
I laughed so hard at that line I may have peed a little.
Karen Winston sis I'm on my way.. 😂😂⚰
+bakari make sure you give me a good eulogy, LOL!!!! :)
Listen...I ain't even watched the video, but I just came to say that student loans are the devil.
Yesssss 😩😩😩
This is one of the realest videos and pieces of advice I've EVER seen a TH-camr provide.
Egyptian_Thoth this is the conversations, topics and scenarios I love. Reviews are fine and whatever but this shit is so damn true
Good credit is worth more than money in the bank nowadays.
Doone226 👍👍👍My credit is good, no student loans about to buy my first house soon👏👏👏
Dinevvvvvvvaaaaaaa . That line about the 14.99 party city wig compared to the success from the degree. I fell out the thang!!! Yes gawd.
Think twice about keeping that money in the bank. -- I know folk who have gotten their coins SNATCHED by the government or creditors because of old debts.
"14.99 wig worth more than a degree" hmmph. #READ
Girl, you going through. Don't worry, we all do. But I'm glad to see you converting back from being a "rich white woman" to having "black girl magic". 😄😄😄
college is a trap nowadays especially seeing as you can get a degree which will amount to nothing in the end.
Chyle, I wish my loans totaled $50k! Try $225k! Payments of $1200 a month aka mortgage type payments. The cost of going to law school and not able to find a job in your field! 😒. But look at God! $5 a month!
afiyathediva Exactly! My grad school loan is killing me. Please keep me in prayer 😢
afiyathediva OMG I hope you can get some relief.
AfricanViolet I will be praying for you as well. I believe a change will have no choice but to come. They are saying students loans are about to be the next financial blowup.
L Gill thank you! 🙏🏽
afiyathediva Hey twin! 303k here. On the 5 dollar program. Last payment January 7th.
Sallie Mae need to start collecting for child support!!
LMFAO🤣🤣🤣🤣🤣🤣
That happened to me... I told em what I could do and they said no deal🙅and I said very good✌👋 lol!!! But now I'm tryna get my shit together huuuuugh wish I had parents that knew somethin about somethin!!!! That gets a lot of us caught up we hit 18 and dk shit... nobody taught us the shit and we gotta figure the shit out!
Jessica B. Chile Sallie Mae is stupid as hell for turning away people like you who are trying to do the right thing & make arrangements to pay their student loans back because I would be accepting every last coin that you were offering. Something is better then nothing at all in my book.... but it sounds like their loans are set to keep people in debt so that they can get more money in the end off of interest & other penalties due to people not paying on their loans??? THAT'S A COLD SET UP SMFH😯
Jessica B. girl u so right...I was the first in my family to grad college n I wish I woulda went to cosmetology school man...I had no clue...
Jessica B. yesssss!!!
Obama needs to forgive everybody's student loans before leaving office, I know I'm dreaming, LOL
Blaxsaidwhat? That would unite America.
He doesn't have to power to. Congress holds the power of the purse.
Blaxsaidwhat? Lol
Funky Dineva you said Aww hell nawl Fuck that shit.....When I got them 4 loans from Sallie Mae to pay for my degree in Economics from Florida State University they didn't teach me nothing about paying em back!! NO GAWD HUNTY...... LOL 😂😂
everyone has loans and hospital bills it's the American way!
Yep! And my father always told me, "You're gonna die OWING somebody"!
Cheryl Askew Not me...debt free. I learned from a family member, credit is AWESOME👍👍👍
Not me lol
America Sucks they hurt their own people.
I dont know if itll be 5 yrs, 10 yrs, or 20 yrs from now but this student loan bubble is going to burst. Its completely unsustainable how much debt ppl are going in to get their degree and barely any good jobs after
Here's key: I say use credit for purchases, THEN pay what I spent in cash right after. That way I can reap the rewards, no interest is accrued, and still maintain my 765 credit score.
Welcome To The Now honestly. i will say i dont have student loans (yet) but i literally just put the netflix and hulu on a credit card and pay it every month, i'm 19 eith a 740 credit score now!!
Malcolm Wallace that's good! Make sure you keep that good credit score. I was able to purchase and build my first home at 23 because of good credit history and finance. Pay everything on time, pay more than what's due, and watch your spending, and remember to use credit wisely. Proud of you!
Welcome To The Now I used my credit card for everything and pay off the full balance every 2 weeks when I get paid. I don't use my debit card.
Welcome To The Now that's how you do it. I plan using my card that way once I pay the balance to rebuild my credit. Plus it's a great way to build travel points
L Gill you're so right. I actually have to look into the travel points. My rewards credit card doesn't allow me to gain travel points. I have to look into that. I'm glad Dineva brought this up on YT because a lot of ppl including myself have suffered or are suffering from these damn credit cards and student loans....it's almost like a hush hush thing. It's can be an "ugly" topic so ppl don't bring it up.
"Disrespectful ass Heeefier" 🤣🤣🤣🙌🏾🤣
Thank God mine are paid off. It was a struggle to do it, but I been free of them for about 10yrs now.
More high schools and colleges need to offer classes on budgeting and loans. That's what helped me understand what I had signed and understand the value of credit. After a number of years I was able to pay my loans off early. I literally cried with joy. Sallie Mae is no joke. She will follow you for the rest of your life so pay her and get that house.
I can't stand Sallie Mae! I am already planning to pay that off over the next two years because I am also planning to buy a house as well. I am sick of her. ugh😑
Get you a sugar daddy and make him pay those loans!! They love to help you out with positive things. I had a relationship online/video chat with a sugar daddy for 2 years and I only ask that he paid my student loans ($350) and when he found a real girlfriend he just paid the balance and sent me on my way. The Nigerians do it, you can too lol
Mini B thanks for the tip lol
Mia Leonard 😂😂😂😂
Mini B a sugar daddy would be nice if he didn't want some sugar.
Welcome To The Now get a diabetic sugar daddy.
Flabby Douglas Too much sugar would put him into a diabetic coma, im just not ready to take on that responsibility lol
I've always loved and respected that way you bring important information to the people while making us laugh at the same damn time
I really feel this is just another way to keep certain ppl out of housing market and make it harder to become home owners. They just started including student loan debt into the debt to income ratio last September. It wasn't included prior to that if they were in deferred or you were still in school. That was my saving grace when I bought my house 4 yrs ago...so glad I bought when I did! But stay the course, don't give up...just make sure you keep your debt to income ratio in check ( it's a calculator online), get rid or any frivolous debt, don't take out any new loans or credit cards and pay whatever you do have on time until you get past the underwriting process once you find your home. I had an excellent mortgage lady who walked me through the process and I closed in 30 days from contract to keys with no issues! I love seeing us wanting to buy and invest...Sallie Mae is just an old still renting the same house for the past 16 years hater!
Repossess these degrees! Yaaasss!!! 😂😂😂😂😂 keep get these shits! They really ain't hitting on shit!
MeaganBetter 😂😂😂😂
MeaganBetter 😂😂😂😂😂
Lawd Dineva you speaking truth!! WHY they wait until your credit in the toilet before they try to help you?
Dineva I work in the student loan department at a college in Philly. All you would have to do is go through a rehabilitation with your lender. If your loans were sent to Debt Collection with the Department of Education you would have to make 6-9 consecutive payments to the DOE then your loans will be removed from defaulted status and put in repayment status on your credit report. I understand I see it everyday with students who want to return to college. When you are put on repayment status you have a choice to consolidate with another lender and if you dont have the money your forbearance and deferment starts over (36 months each) with that new consolidated lender. IJS
Thank you for that disclaimer at the end! I work in the Financial Aid industry and I advise my students to always stay in contact with their student loan lenders especially during times of income uncertainty. The student loan lenders have several options to accommodate most budgets even if you can't afford to pay anything.
$50,000 ain't bad. I'm fucked!
Hands down best video ever.......when I get my credit together imma let you hold something💸
"Cash is King" - DO JESUS!!!!!!!
you sho right. I borrowed 5645 in 2007. I've paid 11,000 and My principal is still 5345 plus. Sallie Mae are crooks. even if you paid on time you'll still be behind with Sallie Mae. Thank you for sharing
Thank you for this posting! I am currently looking for ways to fix my credit, and my student loans are definitely hurting my credit score. Please keep us updated with your progress. Again thanks for sharing!
the real gag as it's the ultimate set up the system was designed like this I mean when you 18 19 going into college whatever the case may be some of us are not as educated in finances some of those to give me an image of loan programs some of us took advantage of Grants but the gag is is that it was a setup it's designed that runs the world that's how does cash keep moving
Preach!
And let the church say, "AMEN".
Come repo my degree!... Fuckkkin hollering lmaoooooooo
You can string along almost any kind of debt except student loans. They ain't going nowhere!
glad community was damn near free..my mother is still paying loans from 96 Chile
You can't hide from Sallie Mae or the IRS. "Only death can keep them from you!"(in my Nettie voice)
SSA244 Death doesn't stop then IRS. They will take their cut before your heirs can smell a penny! The took the house away from Altovese Davis when Sammy Davis Jr. Died.
It's a great thing you just did. You used that hilarious personality to bring very valuable information to the people! Try NACA! I don't have bad credit but I'm going to buy a home through them anyway.
Also you can use grants from nhs to buy down your interest rate at NACA.
Sheena Bailey please elaborate... what type of grant ... thank you
You still need to have your finances in order to utilize the NACA program.
My poor sister is up to her neck with Sallie Mae. I'm lucky enough that I was able to work when I was in college and didn't rack up debt.
👏👏👏 wow that's almost unheard of
A M A Z I N G
I went to community college for 2 years, that helped!
April yup me too. My community college was basically free for me.
There's nothing wrong with going that route, I think. I used to feel bad I couldn't go to my choice schools but having debt from school is not worth it nowadays.
i took the same route. i worked full-time for most of college. it was hard and i really didnt have the same college experience as others who didnt have to work but in the end i ended up with only 10k in loans while i watched people buying cars and going on spending sprees.
You JUST NOW finding out that Sallie Mae and Navient DO NOT play around?! BRUH! lol
I defaulted on one of my student loans and they put my loan in rehab with that $5/month payment....but fyi over time it increases from $5 every few months...right now I'm at $50/month...after paying my loan every month for 6 consecutive months mine is out of default...
this is the EXACT program I entered!!!!
Kem Fitz yes and after about 9 months things will be looking good
Kem Fitz this is the same for me except I have to pay over 9 consecutive months
+Funky Dineva lol I was on that plan too
I don't need to finance $2,000 down to the Apple Store! WHY? (LOUD CLAP!) Cause I got CASH HONEY! LOL! Love Dineva!
A coworker advised me to build up my credit limits on major credit cards by buying EVERYTHING (rent, groceries, utilities, and Income based student loan payments) on the cards and paying off the total EVERY month. After three years, she had five cards with an 8k limit. She paid her student loans with credit cards, then filed bankruptcy. Credit card debt is dischargeable, she was debt free in 4 years. Catch that tea! Rich folks been doing this mess for years.
wow that is smart...took some time & patience of course but your coworker had a strategy & worked the heck out of that situation
LaTanya Renee wow!!
I think the student loan industry is on to this because, at least in my life and a few of my friends, every loan payment arrangement requires a debit card or checking account. I do remember back in early 2000 being able to pay my loan with a credit card, back then I had excellent credit and a job that actually gave 30+ hours (good times), but sometime after 2008 when the world started to fall apart the option to pay with your credit card just vanished and I had to start doing debit, then by 2011 money and job hours started vanishing so I was like Dineva, "F-it". Man if only my magic 8-ball would have said "Outlook not so good" "Don't count on it" "Very doubtful" when I asked about college
im 30,000 in debt for student loans u aint the only one
🤣😂🤣 "How do you support yourself?" "I don't!" 😂🤣
I understand that at 18-19 yrs old you don't understand the ramifications of signing for tens of thousands of dollars worth of student loans, but that word "LOAN", is self explanatory, and as a young person you don't necessarily feel that it's going to be a problem in the future paying these loans back, but once you do and probably won't happen until years later wanting to buy a home, a car, or applying for a credit card its always the first thing that going to stop anything. Perhaps colleges or even high schools should give a class on the long term effects of defaulting on student loans. But good for you dineva for taking responsibility of your loans and working with Sallie Mae to get them out of default. It will take a while, but just know there is an ending.
I couldn't stand those six years I did in Air Force, but tuition assistance paid for my first degree and the G.I. Bill will pay for my next one. Definitely worth it.
Trevia Smith But if you didn't do those 90 days in theater and you're a vet, you don't get ish. not in my state. now I got grad loans up the Ass.
susiq1121 that sucks! I'm sorry to hear that.
***** When you complete your commitment and become a veteran, most of the benefits you'll find are only for those who went active duty in war for over 90 days. Otherwise, you don't get ish.
lppe x I don't think that's true. I was active duty for 6 years, and I'm now an Air Force wife. I've used a lot of VA benefits like the GI Bill, VA Home Loan, and VA disability and spending 90 days in Iraq or Afghanistan was not required. I know people who have never deployed that get all of the same benefits. I don't know about ROTC, because I went in enlisted straight out high school. I got my degree using Tuition Assistance while being active duty.
Trevia Smith I was not active duty I was in the reserve and did not get deployed in theatre. Of course you get all the benefits as a wife of an active military member and as an active member. I too got my undergrad paid for with the GI Bill and Tuition Assistance when I was an active reservist.
Now, other than the home loan, I do not qualify for anything now that I am no longer active. My state college tuition requires 90 day deployment in theatre to get exempt. I went for my masters and the only thing that 'helped' me was Sallie Mae.
Therefore, military does not always save you.
This video was very entertaining, but more so informational. I'm currently in graduate school since I couldn't pay my student loans before my grace period was over. I am now more mature and mentally preparing myself of paying back these student loans.
Facts! Navient will always have me pleading hardships until Im financially stable too make consistent payments.
Story of my life!
They so annoying then they like to contact people they see you interact with my home girl got a letter saying they tryna reach me I fell out...thank u block button I block every number...you not gon harass me thru the struggle
Good Luck Consolidating them. Those folks are a mess it took me like 7 months to get them consolidated. My brother who's a lawyer had the same experience. I kept calling them like once a month and got a different answer each time I talked to someone. The US Department of Education and Fed Loan servicing are in the same building or on the same street and they do not REPEAT do not communicate with each other granted they have the same address? Those folks are a pain! Once you get this taken care of you can have your credit repaired in no time like a year you can go from fair to good credit. If you have credit cards or whatever make sure your balance is never over 1/3 of your limit and that will help your credit out too. Credit is essentially is showing that you can pay off debt over time. Getting debt and paying it right off doesn't help your credit. It has to be over time. GOOD LUCK GIRL!
It ain't $175,000 like Toya from Married to Medicine
I have been a fan for years. This vid gave entertainment, education, and life support. Thanks for all you do for us!!
"whyyyyy? Cause I got cash B! LoL! You are so silly, and I love it!
I died at party city wig 😆😆
If you stay in communication with them they have a bunch of options.
4EverMe exactly
4EverMe true
That's what my MOMMA said!! If you have cash, you don't need credit. Why should a NUMBER determine what I can and can't get! PUH!! C.R.E.A.M!!!!!!!!!!!!!!!!!!!!!
K Brown Sugar M Because that's how the American financial system works. Off of interest and credit. You need credit for everything, even to get a job. Sick system.
K Brown Sugar M, I agree to a certain extent. That's good for smaller things like everyday wants/needs. But when it comes to making big purchases like a house, unless you are a millionaire or have it like that, you will need a loan. And no bank will give you a loan (with a good interest rate) without a good credit history. So good credit a necessity in our society.
Lesson learned..... One must make up for past discrepancies on order to proceed in the future.....
lol i tried to be v slick and told the student loan people my financial aid advisor didn't know what she was doing. She accidentally clicked pay student loan during school. They didn't fall for it smh
Mia Leonard lol!
k grace nothing beats a try lol
Mia Leonard 😂😂😂😂😂
Mia Leon
This was so honest and spot on. I appreciate your testimony because I never knew someone else was in the SAME position as me. This ain't right, and the more of us who speak out, maybe we can push some changes.
Sallie ain't playing with none of us!
Funky Dineva if you need help holla at a sista.. Me and Sallie are best friends and I work in collections for a college! I can let you know what you need to do to get your loans out of default
DaJSUDiva start sharing! a few of us need to know!
If you have loans in default you need to call your servicer IMMEDIATELY! If you do not know who your servicers are you need to start by going to www.nslds.ed.gov it will give you a complete listing of all of your federal loan..If you work in public service, teaching in a title I, paramedic, med tech, teach on a reservation, police office, you are eligible to get your loans cancelled especially if you have a Federal Perkins Loan ... Consolidation is also a HUGE help.. you're only paying one lender.. If you are at a collection agency, you can do a rehab program which will ultimately clean up your credit BUT YOU MUST PAY 9 CONSECUTIVE PAYMENTS ON TIME EVERY MONTH.. you cannot miss a payment on this agreement or it is null and void.. STUDENT ACCOUNT DEBTS are NOT loans..remember that .. Loans are just that
I work for a state elected official. I heard we aren't eligible for loan forgiveness is there truth to that?
It's all contingent on your job title..I don't know what type of loans you have but I would double check! It may not qualify tho, I've never seen anything come across my desk to cancel any loans from political offices, but I would still check ..
You are a godsend! You've given more than enough info! Thank you!!
A BMW payment. 😂😂😂
Im a dependent who has a mom whos medically retired from the airforce. I definitely plan on havin my loans worked out cuz im NOT about to be stressed over these student loans
Too funny, I had to pause the video! Who would hv thought a $14.99 party city wig would hv ever been worth more than my education! Caught!....wait! Why u gotta wait till ur credit is f'd up n ur bills in the dumpster B4 u get some assistance! So true! Love "cus I got cash hunny!" AWESOME video! Funny, great info & educationally informative! This will assist many people! Thanks Q
Deferment or Forbearance is your best friend.
No they're not. They just add the # of years/interest you pay on. You're better off calling them, telling them what the deal is, and ask them to enroll you on income-based repayment program or loan consolidation. For the income-based repayment program, they adjust the monthly payment based on your income (you have to show proof of how much you get paid I believe every year or 3 years), which keeps you and your credit on a positive path. Once you are able to have a steady-income stream (either better paying job or 2nd job), they will return it back to the original payment amount (they won't do that until your current program ends and u have to reapply). And you should ALMOST PAY MORE than the minimum.
Also, always check your loan statements and details ppwork. Some of these lenders and universities try to be slick and charge you payments BEFORE the 6-month grace period after graduation. I learned the hard way.
Yesssss!!!!!
Deferment...forbearance ....AND the IBRs all are awful bc the interest still COMPOUNDS....DAILY.
I had bad credit but it wasn't from student loans. It was all from them damn credit cards. Being young, dumb and plain stupid. I finally decided to get my credit together last year and my credit went from a 580 to a 720. Still working to get it to at least a 780. I settled with almost all my credit cards and paid what I needed to pay off. Also the law gives the consumer the right to dispute any excessive charges on your credit report. Once the debt is settled you have to make sure the collectors agree to take it off your credit report. Once they do your credit score goes up.
Bad credit taught me the same thing too. Now that my credit is good, still scared to buy stuff unless I got cash!
“I’m hot as fish grease “😂💀
Dineva I just bought a townhouse and I went to the credit union and got a mortgage at 3.25% fixed. I was gonna get help from first time homebuyer program and "free money" for down payment but they wanted to give me loan for 5% fixed. so shop around for a mortgage once you get your credit straight gurl. u got ur degree in finance and your credit is bad, u need a woopin lol
School is a fucking heaux man. The only people that NEED school is doctors and lawyers
I'm in community college right now just to make my mom happy, but I'm making more money with my art than I'll probably ever make with this damn social science degree I'm working towards
College isn't fucking necessary for financial stability.
Why am I watching these old videos at work? 🥴😩😂
lol 6:47 "spin flying kick". For those who don't know that term is used by Chun Li who's in the game Street Fighter. She says "Spin bird kick" as she performs her tornado-like special kick move.
OMG I am dealing with the same situation. All my life it was "education is the key to a great life." So took that and ran with it. Got into my first choice school; albeit played around for a couple of years (immature mentality) but one day this little person showed up on my door step and was looking for me to provide at least the next 18yrs. So I had to get myself together. Worked a full time job, commuted 1hr 30mins 5 days a week as a full time student and graduated with a baby. Sallie Mae wanted her money 6mos and a day after graduation and never missed a beat calling looking for it. A couple of years later she turned into Navient. If they had a time machine where I could take it all back I would be the first with the golden ticket. They decided that I could pay a car note every month even though I am a social worker for the state making the minimum with no raise, bonus, Christmas turkey nothing in the near future. My loans are in default even though I have begged and pleaded with them to put me on a payment plan just for a couple of months and then I can pay more than what they're asking for. They told me "no". So at this point I send them a payment (not as much as they want, but something), answer when they call, the customer service people all feel sorry but can't do anything until their bosses decide and I've just given it to God. I am so happy somebody said something cause you start to feel alone
5 years ago, Sallie finally caught up with my ass too and started garnishing my wages from my job!!!! It put me in such a bind that I had to give up my car (the only other thing than my rent that was ridiculously high as giraffe ass)...luckily, I was familiar with public transportation so I started catching the bus and train to and from work, grocery store, etc...I spent the next 3 years paying off almost $30,000 in student loan debt off. The result: I've been debt free for 2 years and have gotten so used to the buses and trains that I still haven't wanted to get a car just yet...so now all that money I was spending on Loans and Car Payments is being built in my savings and checking accounts. Dineva, you said one powerful thing: CASH IS KING!!! I don't fuck with credit anymore. If you have to use credit that means you don't have the cash!. I don't care if you spend 10 years saving cash to buy your house outright...don't use credit!!! In the end, all these businesses want cash.
Sallie Mae is not playin wit dat ass! She will hunt you down like no other! Lawd Jesus!
I'm already over Sallie Mae and I'm not even done with school yet 😒
Sallie Mae has my loan too. She get on my last nerves taking money from me every month.
I just graduated from grad school and this video reminded me to look into repayment options. Thank you!
I definitely stay current on my student loans, for that very reason. I'm glad that you're working on your credit. Good luck!
This is the most realist video you made. Seriously needed info! Each one teach one!
I never had student loans, I joined the army, I used by GI Bill to pay for college, but the messed up part when I went to finance and inquire about how to start it the lady gave a FAFSA application I looked at it and said "No, I don't want a loan I want to use my GI Bill?" She said "Oh well, you know you can get both so you can have more money." I looked at that lady like she was crazy. She was encouraging me to apply for loans I didn't need nor want. But in my mind I kept thinking LOAN, LOAN you have to pay this back, and I took that application and threw it in the trash and headed straight to the Department of Veterans Affairs and asked them how do I apply for the GI Bill. But the point of my story is choices make the right choice for you and not what the lady at student aid tells you what to do.
MrSpate6 The FAFSA qualifies you for everything including scholarships and free grants. I only used for the free federal & State grants. The FAFSA ask if you're interested in loans or college jobs & I always checked "No". I only wanted the no-strings freebies.
My fin. aid package included The Board of Governor's Grant which waives tuition; plus $5,500 per year for a community college. I rented textbooks for $20 a semester. And purchased a one-time $20 bus pass that was good for the entire spring & Summer semesters, as well a $20 parking pass for the semester. I spent the rest, about $700 mo on rent.
Filling bankruptcy is not the way to go, I've had friends & family say they are filing like its no big deal. In just looking at them like 😳😒😶 ok so if you don't change your spending habits then filing for bankruptcy isn't going to fix it. You will be right back in the same position a few months after that
Cuzin Angel Filing bankruptcy doesn't eliminate student loan debt.
Madame Noël was just about to say that
Madame Noël Right. taxes and student loans are not dischargeable under a bankruptcy...
+Madame Noël I'm aware of that
+Tangelica28 or child support obligation.
Preach!!! I'm in the same boat, tryingvto get everything together! Just started paying on my loans as well
Thanks Funky this video was right on time because I didnt even know where to start with my student loans ..
Can you help me sell cupcakes 😂😂😂 I just got done paying my student loans now I am about to go back to school so I need to take out more. Lawd help me.
This is the main reason why my husband/I (cousin and her husband too) have setup college savings plans (529 plan) for our children. We do not want them owing Sallie Mae, etc...Let them be free once they graduate, so they can invest their money in appreciating investments. I feel your pain Dineva, i'm stuck with a degree and not utilizing it either and still paying for IT!!! Ughhh
Thank god im in no debt for college, my parents have my debt but I'm gonna help them pay it
realist video I have ever viewd thank you for this. I'm about to go through this with my son because he's about to start film school. blessed you I'm taking what you say to HEART
I actually settle day bill with Sallie Mae last year. If you're in collections you can settle but then again I only owed about $2000 and settled for about $850 so it was really no big deal. I still owe them Federal loans though.
Being A Retired Military Nurse of 23 yrs, All my Loans, are Paid In Full. Funky Dineva, handle that. Lol 😂🕺 🕺🕺 🕺
Stay in the program. After 9 mos, you will be ok.
With that DISCOVER CARD AD RIGHT IN THIS VIDEO ... funny
Guuuuurl you are telling my story, I'm shame. She'll get $5 for 100 years. And get Discover Card out of the student center giving away the free pens and Frisbee's for signing up down to the credit card.
I really hate how they bailed out those banks but left the rest of us out to dry. A lot of the time the degree wasn't worth it especially when you can't work in that field. Even so called sure thing careers are becoming saturated and becoming ravaged by those super expensive private schools.
Hot as fish grease sennnnt meeee lmfaooo I’m still hollering 🤣😭🤣😭