So, now I am concerned and questioning what to do.
My partner is currently on SAVE, we were trying to ride it out as long as we could in the forbearance, hoping things would change. We aren't pursing PSLF, just the regular IBR forgiveness. However, logging into the credit report to get an update on something and noticed that we took a 10 point hit and the changes were all because the loan balance with Aidvantage increased.
Suggestions?
SAVE and Credit Report
byu/Diligent_Strike_2847 inStudentLoans
Posted by Diligent_Strike_2847
1 Comment
It sucks but this will continue to happen as the debt grows. I have been making monthly payments while in SAVE forbearance just to cover my interest accrual— depending on how high your loan balance is, this may or may not be workable. This will stop your overall debt from increasing (which, in turn, reduces your credit score).