Can anyone explain why I’m still accruing interest on the SAVE plan?

like
Posting as :
works at
You are currently posting as works at

Reach out to your servicer? I reached out to mine because of the same issue and they put everything pause due to “administrative issues” while they sort it out

like

My understanding is that you only don’t accrue interest if your payments don’t cover the interest that accrues.
So for example if your payment is $500 and the accrued interest for that period is $600 then your balances shouldn’t go up.
But if your payment is $1000 and the interest accrued is $600 then your loans will accrue interest.

helpful

I can’t explain it but same…

like

Because SAVE lets you make payments below the minimum payment. By minimum payment I mean smallest payment that will make your balance go down. It took me a while to figure out since colleges and the federal loans people are scam artists, but that’s how it is. They say “no worries! Pay as much as you can!” But they forget to mention that you will never pay it off that way. It’s like you are renting your degree. I refinanced so now I have a clear payment schedule for the next 15 years. My payment is always the same every month and my balance goes down by that same amount every month. Loan forgiveness ain’t coming anyway.

like

Related Posts

Can I simply upgrade from Amex Blue Cash Preferred to Amex gold? Or would both just be open at the same time since one is technically a charge card?

like

Hello folks,

How does everyone save tax
I'm aware about 80C, nps and home loan interest.

Anything else?

like

Whats the second source of income for a IT employee ?

like

Why did Donald tank the stock market today?

funnylikeuplifting

What will be in in hand salary at 14.4 CTC? I have education loan as tax saving

like

Got targeted for Amex platinum 100k. Is it worth it? Is there a higher targeted offer?
Considering doing it since no more personal card for BCG expenses. Also have CSR fwiw.

like

Who here has successfully built a side hustle or startup? Who here is successfully creating additional income? Does anyone have resources [books, podcasts, anything] that have helped them?

likeuplifting

How is 99k salary in New Jersey area ? I have to settle with family (wife and kid 4yo). How much i will get post tax deduction ? Can any1 help with approx expenses (avg middle class living) per month

like

Totally, new to cryptos and thing of buying partial BTC. Someone told me BTC sell is hard and different from stocks. Is it easy to sell ? Is there a thing like someone should be there to buy a BTC in order for me to sell? Can anyone pls explain crypto trading?

like

Can you set automatic investments in TD Ameritrade? Looking to DCA at the start of every month into index funds without having to manually buy. Thanks!

like

Pre-approved for a home but the rate lock expired and now we have to re apply. My husband lets me know his credit score dropped 111 points because of credit card utilization. Even if we get it below 30% ( which we can) not sure it will quickly reflect. I also added him as an authorized user on a high limit credit card I have. Any other suggestions besides trading him in lbs

like

I'm a long time user of mvelopes budgeting software, and we just got a notice that they're shutting the platform down at the end of the year.

Looking for a recommendation for an "envelope based" replacement. They suggested Every Dollar, but it doesn't handle credit cards well.

like

For those using voyager, does it take a really long time for deposits to settle? It's been like 1.5 weeks, my cash has been taken out of my bank account a while ago, but voyager still has all my deposits as pending.

I can still trade with the pending deposit, but I'm just wondering since I'll eventually withdraw some.

like

Recently closed on a purchase between a land owner group and a NY based builder for 500 lots of of Florida.

We have similar buyers lined and looking for land owners leads.

Any real estate agent/attorneys with leads for land owners and/or builders please feel free to DM.

like

Newbie in investing. Have 50k saved and would like to invest in index. What is the best time (now vs after new year) to do that?

like

I'm being interviewed for Senior Analyst in hsbc. Can anyone help me with the tax saving options available with HSBC? Like self education, communication, meal vouchers etc.

like

TRON correction anytime soon or buy at .20?

like

Anyone got into the Kik ico in August? My Kik increased 4 imes in value but it's stuck in my ether wallet.

Who wants to be a millionaire?

likefunny

I want to know which tax slab can be appropriate for a 10lpa and what are the way I can manage to reduce my tax computation.
I have been to this tax slab for the first time don't have. any knowledge.
can one of you assist what can be done or what are the steps for saving the tax or us it possible to have 0 tax.
FYI,
2.2lck is hra

like

More Posts

Can someone please tell me what “suitussy” means

funnylike

hiya! So I was wondering how I can get a remote job in without any tech or call service experience? I have 4-5 years of customer service experience and I’m taking an swe bootcamp at the moment any suggestions?

like

thoughts on “net 30” payment terms? has a company ever not paid on time? what do you do when that happens?

like

Looking for advice! I was approved to work remotely but my salary will decrease 10%. I received two raises so the decrease brings me down to my previous salary. I was told that it’s due to the cost of labor in the area.

I’ve been with my company for 8+ yrs, I love my manager and the work I do (engagement, recognition, & wellness programs) but I feel like I’m limiting myself since I have the experience, an HRM degree, and SHRM-CP credentials.

Should I apply for roles outside the company?

like

How Income tax deduction is calculated in Mphasis payslip?

Is there any specific % or threshold values?

like

I have received an offer from Mphasis but client is DXC ...is it a good option to consider. Are there chances to get development. Stack - .net angular

like

Anyone have any for tips on transitioning from US private sector to practicing law in Europe for a non profit? I am US/EU citizen and qualified in US and UK via QLTS.

Hi, contemplating a bcg expert track PL role after 5 years of ops consulting. Any perspectives on the career trajectory on the expert track vs generalist track? Are the expert track folks really given a 'step child' treatment? Any thoughts on potential exit opportunities?

How are testing projects in Deloitte banglore? Anyone has hints of roles and responsibilities in product testing ?
Please dm

im determined to make this bowl 🔥🔥🔥

Post Photo
likefunny

Marital advice from points 🐠 please! I’m the points / rewards person in our house. Spouse couldn’t care less. Drives me bonkers when he makes purchases at stores where we have rewards but doesn’t bother to identify it. He literally leaves money on the table when not bothering to pick the credit card from his wallet that has the best rewards for the merchant. I give him the tools (card pointers app, all the rewards cards in apple wallet) but he just can’t be bothered. How to get him onboard??

like

Any urgent business analyst opening for 8.3 YOE?in bangalore?pls DM me.or comment

like

Who got email for resuming work from office.

like

Acne anyone refer me for purchasing / procurement roles in Netherlands? Looking for FMCG, manufacturing, pharmaceutical companies. YoE 7 years.

like

Hi looking for a 2 bhk in kormangala or btm layout phase 1.. Please help out..

like

Greetings all.
I've recently been promoted into Informatics leadership and I'm curious if folks have any go to reading/watching recommendations for leadership skill development? I really enjoyed Measure What Matters about OKRs.

like

Hi fishbowl fam, I work as a customer service advisor but I just started a masters program in data science (career change) is it possible for me to get a job in this field to broaden my knowledge while still learning? If yes, what title of jobs should I be looking for and does anyone have any idea of organisations I should target?

like

Anybody work remotely in North Dakota for a firm in HCOL?

like
like

Additional Posts in Student Loans

Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

likefunny

Does having student loans impact your ability to get a mortgage?

like

SOFI or who else?

Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

like

In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

like

If you could go back in time what would you tell yourself before taking out student loans?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal