My bonus is scheduled to hit on Friday. I transferred $500 from a savings account and paid towards my student loan, trying to beat the interest game. It annoys me that it takes Nelnet days to process my payment while I’m incurring interest and yet no time for them to tack on their daily interest.
This was about a $33k-$35k student loan (2013) which had balloon to almost $90k in 2020, never missed a payment but due to my income I was on the IDR plan. 7 years and my loan went up about $55 that is a 157.14% increase. Absolutely insane.
My balance is about 22k. What helped my COVID, the pause in interest made a huge difference, I kept paying. I was able to pay off two loans and consolidate two more. Prayerfully I’ll be done by next year. I’ve taken on a second job adding about $400 more in payments.
Side note. Honest to God these pop ups are the worst. I don't know when this all started but it's absolutely INSANE! My God
August 13th, 2025 at 01:30 pm 1755091804
So glad that you are getting it down and hopefully paid off next year...what is your plan after is is paid off? I can't imagine my loan going up that high...that is just ridiculous.
I completely agree with with the ads...so annoying
August 13th, 2025 at 01:39 pm 1755092376
I stopped using my phone to access this site because of the ads. They're obnoxious. That means I don't check in as often since I don't use the computer every day but at least it's a pleasant experience when I do.
August 13th, 2025 at 08:23 pm 1755116582
I agree, the ads are a pain!
August 14th, 2025 at 02:39 am 1755139149
What the US government did to student loan borrowers was/is horrendous.
People say ‘pay back what you borrow’ with no understanding that income based payments made the payback amount multiple times the original loan amount - and loan servicers buried the information so people had no idea they were getting buried in debt.
And there is no compassion in the current administration.
If anything, they chortle with glee when others suffer.
I’m glad you are near the end of digging yourself out.
August 14th, 2025 at 06:06 pm 1755194808
What is this about pop-up ads? Is it from SavingAdvice web site? I use ad blockers, and I didn't even know there were any....
August 15th, 2025 at 04:04 am 1755230689
@Tabs when you access the site from your phone you are bombarded with ads, it’s unbearable.
@LifeBalance thanks for the tip, I’ll start accessing from my laptop.
August 15th, 2025 at 07:40 pm 1755286820