I am with Great Lakes student loan services with about 78k. I am also on a income base repayment plan. I have done the paperwork every year to show my income and what not so they can calculate my monthly payment so I can pay down on my loans accordingly to my payment plan. Today I got notice that my paperwork has been approved and that my new payment is now $40 less than I was paying before. At first I was excited, then as I look at my overall balance it didn’t make sense since my overall balance hasn’t changed really. So I called and talked to them after asking multiple questions and getting jerked around by them they finally tell me that I am only paying half of the interest charges to my account every month. So I am never even breaking even to what is getting charged every month....so now I am confused on what to do because they’re telling me that their calculation to “pay back my loans” is to follow their program when in fact it is only adding to my student loans every month. Any advice on what I should do would be helpful!
Submitted February 07, 2019 at 03:14PM by MTNmanAT29 http://bit.ly/2MUiNLj
