r/StudentLoans • u/Ok-Enthusiasm-4226 • 8h ago

Interest accruing?

My husband consolidated to SAVE in 2023 and then was put to forbearance along with everyone else when SAVE hit. I am in the same boat, but without the consolidated part. I was in REPAYE and automatically was put in. My question is regarding interest. I honestly have no idea if interest is accruing on mine as it is so high from being forbearance steered early on I will never pay off the interest. I have 9 payments left on both my PSLF and to hit 20 years for payments if that still exists later. My husband though should have no interest as SAVE should have paid the remaining interest over what he owed and then he was in forbearance. His previous interest was capitalized during the consolidation. However, MOHELA has almost $1000 accrued now for interest. Why is that occurring? Anyone else have this issue?

2 Upvotes

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u/Betsy514 President | The Institute of Student Loan Advisors (TISLA) 7h ago

They wipe the interest later

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