Author Topic: paying off student loan (Read 11014 times)

MC · « **Reply #40 on:** June 10, 2014, 06:18:36 PM »

Quote from: bingit on June 10, 2014, 06:08:42 PM

someone mentioned to my wife that there is a student loan forgiveness program for low income families where the gov. will forgive the remaining student loan. Does anyone know info on this..? my wife still has 22k left on her student loan.

Someone CMIIW but I'm pretty sure it's for people who are employed in public service positions

bubkiz · « **Reply #41 on:** June 10, 2014, 06:25:25 PM »

https://studentaid.ed.gov/repay-loans/understand/plans/income-based

Fro forgiveness you must work in public service for ten years.

bubble347 · « **Reply #42 on:** June 10, 2014, 06:36:35 PM »

Quote from: bubkiz on June 10, 2014, 06:25:25 PM

https://studentaid.ed.gov/repay-loans/understand/plans/income-based

Fro forgiveness you must work in public service for ten years.

25 years for non public service workers, however you will pay taxes on the forgiven amount.

churnbabychurn · « **Reply #43 on:** June 10, 2014, 07:01:14 PM »

Or a TEACH grant for teachers...

beeweegee · « **Reply #44 on:** August 04, 2015, 11:14:00 PM »

Is there any way to pay off a student loan with a CC?

sam i am · « **Reply #45 on:** August 05, 2015, 01:07:19 PM »

Quote from: michael on December 20, 2012, 02:01:31 PM

I decided that I want to apply for a Slate card and do a balance transfer. My lender said that I can only do a BT with them if I get a check from Chase, and not any other way.

I called Chase's app department, and they said that they don't know if Chase Slate gives BT checks. I went to a Chase branch, and they said the same. Does anyone here know if I can get BT checks from Chase Slate within the first 60 days?

Personally I would not do this as after the 15 month period you will be hit with a much higher apr. And there aren't really any other 0% BT cards around. That said, I don't think what the lender said makes sense. When you make a BT the CC just pays the amount requested to the payee. So why can't this be done?

Mountain Man · « **Reply #46 on:** April 04, 2016, 07:08:57 PM »

Well I feel dumb. I just learned that I can pay my student loans with a credit card with no transaction cost. My provider is Great Lakes. All you have to do is call in and say you want to make a one time payment.

Mountain Man · « **Reply #47 on:** December 27, 2016, 11:51:31 AM »

I got an email from my student loan provider that as of January 1st 2017 the U.S. Department of Treasury will no longer allow payment of any federal student loans with credit cards

.

Payments can still be made with debit and prepaid cards though (I don't know how they can tell the difference).

000 · « **Reply #48 on:** December 27, 2016, 01:17:17 PM »

Quote from: Mountain Man on December 27, 2016, 11:51:31 AM

I got an email from my student loan provider that as of January 1st 2017 the U.S. Department of Treasury will no longer allow payment of any federal student loans with credit cards .

Payments can still be made with debit and prepaid cards though (I don't know how they can tell the difference).

I just spoke to nelnet and they told me the same thing that at some time in January (one rep told me starting now) they will stop taking credit card payments.

ETA: called a different rep and she allowed payment by cc today.

yitzgar · « **Reply #49 on:** December 27, 2016, 01:35:50 PM »

Doc is reporting as much

joeberg · « **Reply #50 on:** December 27, 2016, 03:09:39 PM »

Quote from: 000 on December 27, 2016, 01:17:17 PM

I just spoke to nelnet and they told me the same thing that at some time in January (one rep told me starting now) they will stop taking credit card payments.
ETA: called a different rep and she allowed payment by cc today.

Nelnet lets pay with CC?

Redbull3 · « **Reply #51 on:** December 27, 2016, 03:14:13 PM »

Quote from: joeberg on December 27, 2016, 03:09:39 PM

Nelnet lets pay with CC?

Never knew this either. Is it doable on the site or phone only? Can't find it online...

Tzfas · « **Reply #52 on:** December 27, 2016, 03:40:02 PM »

Quote from: Redbull3 on December 27, 2016, 03:14:13 PM

Never knew this either. Is it doable on the site or phone only? Can't find it online...

Phone only, same as by Great lakes.

000 · « **Reply #53 on:** December 27, 2016, 04:29:05 PM »

Quote from: joeberg on December 27, 2016, 03:09:39 PM

Nelnet lets pay with CC?

Phone only and only the amount due not more.

Mountain Man · « **Reply #54 on:** December 27, 2016, 05:50:20 PM »

Quote from: 000 on December 27, 2016, 04:29:05 PM

Phone only and only the amount due not more.

Great lakes let you pay as much as you wanted. Free trip to Hawaii thanks to them

eliteflyer · « **Reply #55 on:** December 27, 2016, 09:41:18 PM »

Quote from: Mountain Man on December 27, 2016, 05:50:20 PM

Great lakes let you pay as much as you wanted. Free trip to Hawaii thanks to them

They refunded the overage amount in what format?

This is all surprising, wish I would hae known before making payments to Nelnet and Greatlakes directly from a bank account.

CZ60 · « **Reply #56 on:** December 27, 2016, 10:35:39 PM »

Quote from: eliteflyer on December 27, 2016, 09:41:18 PM

They refunded the overage amount in what format?

This is all surprising, wish I would hae known before making payments to Nelnet and Greatlakes directly from a bank account.

Same

ayman · « **Reply #57 on:** December 28, 2016, 12:33:36 AM »

Party's abt to end

Starting Jan 1, 2017 Dept of Treasury is not allowing servicers accept cc payments.

Mountain Man · « **Reply #58 on:** December 28, 2016, 10:39:04 AM »

Quote from: eliteflyer on December 27, 2016, 09:41:18 PM

They refunded the overage amount in what format?

This is all surprising, wish I would hae known before making payments to Nelnet and Greatlakes directly from a bank account.

The extra amount was considered prepayment so it just pushed off the next due date. That's how Greatlakes worked. I wonder how they can tell the difference between a prepaid card and credit card. It might be like Evolve that you can just say it's prepaid?

eliteflyer · « **Reply #59 on:** December 28, 2016, 03:32:56 PM »

Quote from: Mountain Man on December 28, 2016, 10:39:04 AM

The extra amount was considered prepayment so it just pushed off the next due date. That's how Greatlakes worked. I wonder how they can tell the difference between a prepaid card and credit card. It might be like Evolve that you can just say it's prepaid?

Called Nelnet just now and was told that credit card payments can only be made with respect to payments due within the next 30 days.