I get my statement on the 19th of each month. My employer makes a payment on my student loan every month and I go in after and pay the remainder. Never been late. For March, account was paid in full be the 26th.
Just got an enail saying I'm 3 days past due. The amount "late" is slightly less than my usual monthly ($200 versus $260.)
I have no idea where this $200 owed balance came from. Today's statement includes it AND the regular amount owed. Going through my inbox, I have no other statements prior to today.
The only thing that's changed is that I did recertify my ICR/IDR as they requested. I got a followup messages in my inbox that I would be notified of my new monthly payment in July when my old plan expires.
Gonna try calling them tomorrow. but its hard because I work nights and don't have alot of time in the morning to sit on hold when I should be sleeping.
I just don't know why I'm being told I'm late on some extra payment that I have no statement explaining where it came from?!
EdFinancial – Balance Added to Account with No Statement?
byu/inkedslytherim inStudentLoans
Posted by inkedslytherim
2 Comments
Yea that is pretty annoying; must be something up with servicing or something else related to timing. Smart of you to call them. You might want to write everything down though, just in case.
Are you absolutely certain that the payment your employer makes goes toward your minimum monthly payment? Generally for set ups like that, the employer’s payment is just treated as an extra payment. It doesn’t reduce the amount you owe each month.