ST Alpha - "my monthly had gone up to $360 from $275 because (apparently) i had been paying mostly interest for the past 9 years after consolidating" (Reading a Post)

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In response to "do you know how much you'll save per month? -- nm" by amanda

my monthly had gone up to $360 from $275 because (apparently) i had been paying mostly interest for the past 9 years after consolidating

Posted by charlie (aka chris) May 20 '13, 10:54

the IBR payment will only be $188.

Responses:

but aside from that, just seeing that after paying on-and-off for the 15 years since i graduated, my total amount owed is $1000 higher than the day i - charlie May 20, 10:58 13
- 99%er -- nm - Qale May 20, 11:03
- I kind of feel like I should do it since I work here now. after 10 years in public service, all fed debt is forgiven, so I could IBR for the next - amanda May 20, 11:02
- The American way. -- nm - Spawn May 20, 11:00
- ugh, that's awful - the owing more, that is. from what people have shared here, the system seems so messed-up. -- nm - b. May 20, 11:00 4
  - if your loan is unsubsidized and you're in deferment for whatever reason and don't make payments to keep up with the interest, it'll happen. - znufrii May 20, 11:03 3
    - I understand how it can happen, I just wish there were more options for people. -- nm - b. May 20, 11:10
    - half of mine are subsidized and half un-subbed. at best i've been just treading water - charlie May 20, 11:05 1
      - word. - znufrii May 20, 11:08
- damn -- nm - Don Homer May 20, 10:59 4
  - i could have been smarter about some things, like not letting forebearance interest capitalize when a couple of those ran out, but it wouldn't have - charlie May 20, 11:02 3
    - at least, iinm, capitalized interest counts towards your student loan interest deduction for that year. -- nm - znufrii May 20, 11:04 2
      - $2500/year. so if i pay essentially interest-only @ $200/month, i'll at least get the full tax advantage of it -- nm - charlie May 20, 11:06 1
        
        yeah, no use in going over the limit. -- nm - znufrii May 20, 11:09

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my monthly had gone up to $360 from $275 because (apparently) i had been paying mostly interest for the past 9 years after consolidating

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