~$70k in student loans remaining and in the process of signing a contract where the employer has agreed to pay off the loan (we’ve agreed on $70k). They will pay directly to SOFI. The agreement is 1/3 at start date, 1/3 at the end of year 1, and the remainder at the end of year 2.
We’ve refi’d with SOFI and the payments are $850/mo. Looking for some guidance on how to handle this. Since SOFI won’t allow us to “pay forward” we’ll still have to make the monthly payment, so the last payment by the employer won’t equal the agreed amount.
Even if we refi again to the longest term, we’ll still have to make $500/mo payments.
Has anyone else had this issue?March 13, 2019 at 5:08 pm MST #198254billyParticipantStatus: PhysicianPosts: 130Joined: 04/07/2016
Refi to a company that allows extra payments to be used to pay forward?March 13, 2019 at 5:55 pm MST #198259SerrateAndDominateParticipantStatus: PhysicianPosts: 313Joined: 02/01/2018
Maybe ask them to pay you guys the difference. Or maybe they just pay you guys the money directly since it’s all taxable anyway
Earn everything.March 13, 2019 at 6:01 pm MST #198261ZZZParticipantStatus: SpousePosts: 298Joined: 06/18/2018March 13, 2019 at 8:17 pm MST #198297
Are there any refi programs that allow for annual payments instead of monthly? My google searching has resulted in minimal results…March 16, 2019 at 8:44 am MST #198885