What is this horseshit? Almost $2k in interest this year and it will not even let me throw money against the principal.

  • FenrirIII@lemmy.worldOP
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    20 hours ago

    The provider shows a $0 balance because it’s “Not available for repayment” which blocks me from making a payment. It’s a government loan, which may be why

    • helpImTrappedOnline@lemmy.world
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      3 hours ago

      It’s early enough in the semester that it may just not be fully processed yet. When I was in school I was able to dump what ever “loan refund” they gave me right into the principle.

      I hate they call it a refund, it just means you took out a bigger loan than what the bill actually cost. Calling it a refund makes people think they got free money.

    • LifeInMultipleChoice@lemmy.world
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      19 hours ago

      Since when do they charge interest before you exist school on government loans? Is that new? I remember them starting to charge interest when you graduate/leave