So I am making extra payments on my student loan and the way it updates my account is driving me crazy.
The pay off date never changes! When I make an extra payment, it just moves the due date of my next payment further (and yes, I do apply it to the principle, not just to sit there for no reason until the next payment). So I see the principle go down, but pay off date never approaches on their generated calculators.
So I would have to calculate myself if I want to know.
Lately, they even added two choices for when you make an extra payment, with complex wording (and the default one is not the one to apply money towards the principle).
This is not helping.
Sallie Mae is very annoying!
November 8th, 2011 at 05:09 pm
November 8th, 2011 at 07:38 pm 1320781109
November 8th, 2011 at 08:46 pm 1320785201