Hi everyone. Last month i got a letter showing my repayment schedule for my private loans showing they will be 1263. Which is already tough but doable, i will save, have a second job, i took them out myself i know.

    But this month, i got a new repayment letter showing they increased to 2100 and some change a month. i called my lender (Ascent) and they were no help. They said that this was included in the loans payment schedule and basically wouldnt go into more detail.

    Is this even legal? I mean i got the document saying the 1263, which has been on the website and on all documents for years. And now all of a sudden it jumped up almost 900 dollars? I have no idea what to do. I can't afford over 2k a month.

    My payment schedule for my private student loans increased 900 dollars over the course of a month
    byu/Sad_Natural_5831 inStudentLoans



    Posted by Sad_Natural_5831

    2 Comments

    1. Are they possibly variable rate loans? Were you maybe on some sort of decreased payment plan that ended?

    2. welpWW3isgonnasuck on

      Time to pull your master promissory note to see what you actually signed up for

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