[Student Loans] I have no idea what I'm doing with my repayment. I think I have 2 separate providers?
I searched through the other posts, but nothing seems to be like my problem. I graduated in 2010 and have barely made any payments. Fed Loan Servicing is one of my loans... and Great Lakes is the other one. Both are in forbearance right now... but interest is accruing.
What I don't understand is where the Great Lakes one came from... I don't remember signing up for that.... maybe that is one that got forwarded to them from my other Fed Loan loan because I wasn't making payments? Does that happen? But if that is the case, then my FedLoan one is still listed on my account. So its confusing!
Right now, my great lakes one is about $6,000 and there are2 Fed Loan ones... first is $2,5000 and the other is $5,500.
They are both under "temporary hardship" forbearances which lower my payment to $0/month.
I keep reading that i should NOT consolidate the loans. But, I'm still really confused. I'm unemployed right now and cannot afford payments. I have been pretty much on and off of unemployment since I graduated and started owing. But, I can't just keep NOT making payments forever, right? How do I know which one is most important? Looks like my interest is like 6.8% and that sounds awful.
How can I find out if these 2 companies are connected or if I actually did sign up and receive a loan from the 2nd company (great lakes). Because I don't remember that at all.
Posted Aug 12, 2015, 4:31 PM UTC