My federal loan payments have been deferred for quite a while and will start again 01/01/2027. We are doing "Married but filling separately" to keep the payments down as I am 7 years into PLSF. I am taking a break from public service at this point as I got burned out, but I do plan on doing the last 3 at some point.
As this year I did alot of work on our properties and didn't claim much for income, My minimum payment is 0$. Unfortunately if your loan payment is 0$, most loans use 1% or .5% of the total student loan amount when figuring out payments. This is totally messing with my ability to take out a HELOC. My question is, Can I set my monthly payment to a higher amount? Say 10$ so that this is the amount the loan originator uses? My loans are with Aidvantage now. Thanks
Restart IBR plan, but pay more then what they ask?
byu/LegitimateCookie2398 inStudentLoans
Posted by LegitimateCookie2398
1 Comment
can set higher payment yeah
most servicers let you do this in their portal or just call them